Dingle Dangle Shark Tank Update (Season 15)

Dingle Dangle is a baby gift set also known as a headband baby mobile gift. This business was started by Stewart Gold and Mark Hamilton in 2020. Mark came up with the idea of ​​this product when he was struggling to change his 7-month-old daughter’s diaper in the airport public restroom.

Children are mostly playful and when the time comes to feed them or change their diaper, it is not easy. Children can be prepared by keeping them busy with some objects.

Mark created the prototype of a wearable coat hanger and hanging key jingling, and it worked. Mark shared this business idea with Stewart and they spent a few years creating the perfect product.

After the product was made, they launched a fundraising campaign on Indiegogo on October 17, 2022, raising over $5,335. Stewart appeared on Shark Tank Season 15 Episode 10 to raise funds.

What Is Dingle Dangle?

Dingle Dangle Shark Tank Product
Image credit by dingledanglebaby.com

Dingle Dangle is a baby gift product. By wearing this Kid Gift Set as a headband, it becomes easier to change the baby’s diaper and also saves a lot of time. By attaching clips to the crib, it can be converted into a portable mobile.

This brand also sells teethers, bunny toys, and mats for kids. A single Dingle Dangle Baby Gift Set costs $39.99. You can buy these products from Amazon and the company website.

Company NameDingle Dangle
FounderStewart Gold and Mark Hamilton
Founded2020
ProductHands-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
SharkKevin O'Leary Shark Tank Profile Kevin O’Leary
Episode (Shark Tank USA)S15 E10
Air DateJan 12, 2023
Business StatusIn Business
WebsiteVisit Website
HeadquartersBoca Raton, Florida, USA
Lifetime Worth (Sales)$100k *estimated
Buy and WatchBuy NowAmazon Prime

Another Shark Tank Pitch

Who Is The Founder Of Dingle Dangle?

Stewart Gold and Mark Hamilton are the co-founders of Dingle Dangle Company. They started this company in 2020 to solve a real problem.

Stewart is an attorney and Mark owns a recruiting business. Stewart completed his law studies at the University of Florida.

How Was The Shark Tank Pitch Of Dingle Dangle?

Boca Raton, Florida’s Stewart Gold asked sharks for $75k for 20% equity at a $375k Valuation after entering Shark Tank. Stewart explained the features and problem-solving of the Dingle Dangle product to the Sharks.

In 2020, he filed for a unity patent for the entire system that comes with a headband with removable rods. Sales in 2022 were $67,000. The selling cost of the product is $40, the making cost is $11.75 and the landed cost ranges from $14.50 to $15.

He has already made a loss of $32,000 in 2022. Sales of $40,000 have been made so far in 2023 and sales of $15,000 are expected this month. Stewart is projecting this year’s annual sales could be $185,000 and he could make $10K to $15K.

Stewart said the Sharks are needed in this business because they have marketing experience and expertise in licensing deals. Kevin O’Leary doesn’t like this business idea, he’s out.

Mark Cuban said that this is a great product but he does not see the scale of this product then he is out of it. Daymond John told Stewart this business is good for you but not for me then I’m out.

Lori Greiner said that the market size of this product is small and that is why she is out. Candace Nelson said, “I am unable to connect with your vision, that’s why I am out.”

Kevin O’Leary offered a royalty deal of $75k for 20% equity + a royalty of $1 per unit sold. Stewart accepted Kevin O’Leary’s offer. After some confusion, Kevin explained the offer was $75k for 20% equity + a royalty of $1 per unit sold until $500k is paid.

Stewart countered Kevin with $75k for 20% equity + a royalty of $1 per unit sold until $150k was paid but Kevin said no. Stewart said $250k but Kevin said $300k and Stewart accepted the offer.

Sharks Offers list!

SharksOffers
Daymond John Daymond JohnNo Offer
Kevin O'Leary Shark Tank Profile 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 Shark Tank Profile Mark CubanNo Offer
Candace Nelson Candace NelsonNo Offer
Lori Greiner Profile for Shark Tank Lori GreinerNo 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

What Happened To Dingle Dangle After Shark Tank?

Dingle Dangle GOT the deal on Shark Tank. All the sharks refused to invest in this business But Kevin O’Leary invested in this business. Most of the sharks said that this business is not for them so they are out.

After this episode of Shark Tank went on air, there was a lot of discussion about this product on the internet. Many media publications have featured this product.

“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.” says Reddit user smeggoh.

Dingle Dangle Shark Tank Update

This is an interesting business idea and co-founder Stewart is also quite confident about the scale of this business. Hopefully, this show Shark Tank will help this business achieve a new level of sales. We are currently following this business and co-founders to update further information.

What Is Dingle Dangle’s Net Worth?

Dingle Dangle’s net worth is estimated at $100k. Now this business should launch many more SKUs so that it can help in scaling the business. In the United States alone, the market size of the toy industry by 2022 was USD 24.34 billion and this industry is growing slowly.

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.

YearsAnnual Revenue
2023$55k *estimated
2022$32k *estimated

Funding Reports to Date!

YearsFunding AmountInvestor
2023$75kKevin O’Leary

Is Dingle Dangle Still In Business?

There is a lot of competition in the toy industry, there are many big brands that are already present in this industry. It is very difficult for small players to survive in this industry.

The headquarters of this company is in Boca Raton, Florida, United States, and according to its LinkedIn profile, 2-10 employees are working in it.

Yes, Dingle Dangle is still in business as of January 2024.

frequently asked questions

Who founded Dingle Dangle?

Dingle Dangle was founded by Stewart Gold and Mark Hamilton.

Did Dingle Dangle get a deal on Shark Tank?

Dingle Dangle got the deal on Shark Tank.