Dingle Dangle is a baby gift product designed to simplify diaper changes. When worn as a headband, it keeps the baby entertained, making diaper changes quicker and easier. Additionally, it can be attached to a crib using clips, transforming it into a portable mobile.
The brand also offers teethers, bunny toys, and mats for children. A single Dingle Dangle Baby Gift Set costs $39.99 and is available for purchase on Amazon and the company’s website.
Company Name | Dingle Dangle | |
Founder | Stewart Gold and Mark Hamilton | |
Founded | 2020 | |
Product | Hands-free distractor toy | |
Asked For | $750k for 20% equity | |
Final Deal | $75k for 20% equity + a royalty of $1 per unit sold until $300k is paid | |
Shark | Kevin O’Leary | |
Episode (Shark Tank USA) | S15 E10 | |
Air Date | Jan 12, 2023 | |
Business Status | In Business | |
Website | Visit Website | |
Headquarters | Boca Raton, Florida, USA | |
Lifetime Worth (Sales) | $100k *estimated | |
Buy and Watch | Buy Now | Amazon Prime |
Another Shark Tank Pitch
Stewart Gold and Mark Hamilton co-founded Dingle Dangle Company in 2020 to address a real parenting challenge. Stewart holds a law degree from the University of Florida.
How Was The Shark Tank Pitch Of Dingle Dangle?
Stewart entered Shark Tank seeking $75,000 for 20% equity, valuing Dingle Dangle at $375,000. He highlighted the product’s features and its ability to solve common parenting challenges.
In 2020, Stewart filed a utility patent for the system, which includes a headband with removable rods. Sales in 2022 totaled $67,000, with a selling price of $40, production cost of $11.75, and a landed cost between $14.50 and $15.
Despite these figures, the business incurred a $32,000 loss in 2022. Sales for 2023 have reached $40,000 so far, with an additional $15,000 expected this month. Stewart projects annual sales could hit $185,000, with potential earnings between $10,000 and $15,000.
He explained that the sharks’ marketing experience and expertise in licensing deals were crucial for the business. However, Kevin O’Leary didn’t like the idea and opted out.
Mark Cuban and Daymond John felt the business wasn’t investable for them, while Lori Greiner cited the small market size as her reason for stepping out. Candace Nelson said, ‘I am unable to connect with your vision, which is why I am out.’
Kevin O’Leary offered a royalty deal of $75,000 for 20% equity, plus a $1 royalty per unit sold until $500,000 was paid. Stewart countered with $75,000 for 20% equity and a $1 royalty per unit sold until $150,000 was paid, but Kevin declined. Stewart then proposed $250,000, and Kevin countered with $300,000, which Stewart accepted.
Sharks Offers list!
Sharks | Offers |
---|---|
Daymond John | No Offer |
Kevin O’Leary | $75k for 20% equity + a royalty of $1 per unit sold (#1) $75k for 20% equity + a royalty of $1 per unit sold until $500k is paid (#2) $75k for 20% equity + a royalty of $1 per unit sold until $300k is paid (#3) |
Mark Cuban | No Offer |
Candace Nelson | No Offer |
Lori Greiner | No Offer |
Founder’s (Countered) | $75k for 20% equity + a royalty of $1 per unit sold until $150k is paid (#2) $75k for 20% equity + a royalty of $1 per unit sold until $250k is paid (#2) |
Final Deals | $75k for 20% equity + a royalty of $1 per unit sold until $300k is paid |
Dingle Dangle Shark Tank Update
After the Shark Tank episode aired, the Dingle Dangle product sparked significant conversation online, with many media outlets covering its innovative design.
One Reddit user, smeggoh, shared, “I actually own one of these, and it was a godsend for me for a few months. Surprised to randomly see this on TV. Loved the pitch, made me laugh.”
Stewart’s confidence in the scalability of the business has resonated with many, as the product continues to garner attention.
What Is Dingle Dangle’s Net Worth?
Dingle Dangle’s estimated net worth is $200,000, based on the company’s lifetime sales and current valuation.
Annual Revenue by Years
Note: This report is based on our research and data so far. In this, we are only estimating the annual revenue.
Years | Annual Revenue |
2023 | $55k *estimated |
2022 | $32k *estimated |
Funding Reports to Date!
Years | Funding Amount | Investor |
2023 | $75k | Kevin O’Leary |
The headquarters are located in Boca Raton, Florida, and according to its LinkedIn profile, the company has 2 to 10 employees.