Wad-Free After Shark Tank Update 2023 – Where Are They Now
Wad-Free After Shark Tank Update 2023 – Where Are They Now Heading link
Alumna Cyndi Bray, MBA ’92, is the founder and creator of Wad-Free, a bed sheet attachment that keeps the sheets from tangling up while they’re being washed and dried. She entered Shark Tank season 13 episode 5 to make her debut for her product. The first offer came from Kevin O’Leary with an investment of $200,000 in exchange for a 10% stake in Wad-Free. He also mentioned wanting a $1.50 royalty until $1 million is recouped. Lori Greiner offered Cyndi $200,000 in exchange for a 25% stake. Kevin soon adjusted his stake to 5%, an offer accepted by Cyndi.
Following Cyndi’s appearance on the Shark Tank, Wad-Free grew successfully. Within the first week after the show concluded, Wad-Free sold more than $1,000 worth of products. Wad-Free was featured as one of the top 10 finalists for the Coolest Thing Made in Colorado Contest in October of 2022.