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. Additionally, 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 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 are the co-founders of Dingle Dangle Company. They started this company in 2020 to solve a real problem. Stewart completed his law studies at the University of Florida.
How Was The Shark Tank Pitch Of Dingle Dangle?
Stewart asked the sharks for $75k for 20% equity at a $375k valuation after entering Shark Tank. He explained the features and problem-solving aspects of the Dingle Dangle product to the Sharks.
In 2020, he filed for a utility patent for the entire system, which includes a headband with removable rods. Sales in 2022 were $67,000. The selling cost of the product is $40, the production cost is $11.75, and the landed cost ranges from $14.50 to $15.
He has already incurred a loss of $32,000 in 2022. Sales of $40,000 have been made so far in 2023, with an expected $15,000 in sales this month. Stewart projects this year’s annual sales could reach $185,000, with potential earnings of $10,000 to $15,000.
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 and Daymond John think this business is not investable for them, so they’re out.
Lori Greiner mentioned that the market size of this product is small, and that’s why she is out. Candace Nelson expressed, “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, plus a royalty of $1 per unit sold until $500k is paid.
Stewart countered Kevin with $75k for 20% equity, plus a royalty of $1 per unit sold until $150k was paid, but Kevin declined. Stewart then proposed $250k, but Kevin countered with $300k. Stewart accepted the offer.
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 this episode of Shark Tank aired, 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.
This is an interesting business idea and co-founder Stewart is also quite confident about the scale of this business.
What Is Dingle Dangle’s Net Worth?
Dingle Dangle’s net worth is estimated to be $0.2 million, and this data is 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 of this company is in Boca Raton, Florida, United States, and according to its LinkedIn profile, 2-10 employees are working there.