What Happened To Flated After Shark Tank?
Flated After Shark Tank Update: It can be annoying to have to carry bulky car parts after they’ve been used. Because of this need, Ken Hoeve, Monique Keefer, and Ryan Guay developed the first-ever rigid inflatable automotive accessories for vehicle roofs. Will Season 14 of Shark Tank bring them a deal for their business? The Flated update will tell you!
What Is Flated?
Four veterans of the outdoor sector, Monique Keefer, Ken Hoeve, Dan Watts, and Ryan Guay, came up with the idea for FLATED in March of 2020 while the country was in lockdown due to a pandemic.
Drop stitch inflatable technology, similar to that used in inflatable paddleboards and kayaks, was envisioned as a means of expanding practical cargo capacity in vehicles.
The FLATED Air-Topper is the first lightweight (less than 65 pounds!) inflatable truck cap on the market. For transporting baggage and other stuff while on the road, the FLATED Air-Carrier is the first inflatable rooftop cargo carrier that can be installed on nearly any vehicle.
Pros
- The website has product installation videos.
- Outfitting your car for an adventurous road trip is simple and quick.
- No more difficult canopy removal for your pickup.
- Adding or removing inflatable items like the Air Topper canopy makes your vehicle more adaptable.
- Carry the Air Carrier and blow it up when you need additional packing space.
- Strapping anything on top of the Air Topper is strong.
- The Air Deck mattress in the back of your pickup maximizes space with storage underneath.
- The inflatables are greener than the molded plastic ones.
Cons
- It takes time to inflate and deflate equipment.
Who Is The Founder Of Flated?
In 2020, Ryan Guay, Dan Watts, Monique Keefer, and Ken Hoeve established the startup Get Flated. This company was founded by its four founding members, who were inspired to do so by their combined backgrounds in industry and outdoor activities.
Know About the Flated Shark Tank Update
Three co-founders presented their company in the Shark Tank, seeking financial support. Shark was informed about the advantages of inflatable automotive items, which encompass flexible, robust, and portable features.
During their discussion, Shark and the co-founder engaged in a comprehensive discussion, including many different topics, including sales, product quality, and numerous other subjects.
Flated Shark Tank Update
| Company Name | GET-FLATED |
| Founder | Ryan Guay, Dan Watts, Monique Keefer and Ken Hoeve |
| Founded | Jan 2020 |
| Product | Inflatable Automobile Accessories |
| Asked For | $350k for 5% equity |
| Final Deal | $350k for 5% equity + $8 each unit sold till money is returned |
| Shark | Daymond John |
| Flated Shark Tank Episode | S14 E16 |
| Air Date | March 10, 2023 |
| Business Status | In Business |
| Headquarters | Carlsbad, California, United States |
| Flated Net Worth | $1.3M Estimated |
| Flated Instagram | Visit Profile |
Another Shark Tank Pitch:
Flated on Shark Tank Pitch
Keefer, Guay, and Hoeve presented to sharks. The shark tank featured Mark Cuban, Kevin O’Leary, Daymond John, Lori Grenier, and Robert Herjavec.
The team from Flated just had a few minutes to explain the items and technologies utilized to produce them, talk about value, and what dollar amount they were hoping the sharks would invest. Flated demanded $350,000 for 5% of the company.
On the broadcast, “Mr. Wonderful” investor Kevin O’Leary inquired how much the products cost to create and sell.
The truck topper costs $740 to construct and sells for $1,800. The sleeping platform costs $550–$699, depending on size.
O’Leary questioned about sales, and Keefer said they were at $277,000 year-to-date but expect to reach $600,000 by year’s end.
The truck tops Flated’s sales at 80%. Grenier immediately rejected Flated’s $7 million valuation, which Keefer said turned her off.
Mr. Wonderful disagreed with the valuation and stated he was out, wondering why they didn’t just make truck toppers because they sold the most.
Cuban termed the items “touch-to-trust” because you need to see, feel, and touch them to know they work. He feared the sales bump would take longer to attain, so he left.
It left Robert Herjavec and Daymond John.
Daymond John was watched to see if he would take this deal. He asked $350,000 for an 8% royalty per unit until $350,000 was paid, then 5% in perpetuity.
All the sharks recommended Flated should take the deal after the trio from Flated countered and considered it.
Flated After Shark Tank
Flated’s sales have skyrocketed since their participation in Shark Tank, and that trend looks certain to continue.
Flated’s marketing efforts have been greatly boosted since bringing on
Daymond John as an investor and business advisor.
Having access to someone with such knowledge gives them an advantage when it comes to formulating plans and launching initiatives to grow their customer base.
Long-term success should be easier to achieve because of the resources provided by this cooperation.
Flated Net Worth?
The current value of the asset is estimated to be $7 million. The company in question has been operating since the year 2020, and its co-founder has successfully expanded its business activities both domestically and internationally.
Is Flated Still In Business?
The company has maintained its growth since appearing on Shark Tank, and its sales are likely to skyrocket as a result. The addition of Daymond to the Flated team could help the company’s marketing efforts expand, bringing in an abundance of prospective customers.
FAQs:
Get Flated was founded by Ryan Guay, Dan Watts, Monique Keefer, and Ken Hoeve.
Flated Net Worth is $1.3M.
Yes, Flated is still in business.
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