Fuzzy Bunz on Shark Tank
FuzziBunz Before The Shark Tank
Tereson came into the Shark Tank asking for a $500k investment in exchange for 15% of the baby diaper business putting the valuation at $7.5 million. These Eco Friendly diaper's can save you over $2500.00 per baby until they are potty trained using a total of 12 adjustable diapers.
|Never Buy Another Diaper Again|
It gets worse. Dupuy then explains that there are actually several different company's infringing on the Original Fuzzi Bunz Brand with estimated total sales of $30 million a year. All of a sudden her measly $4 million in sales is just a drop in the bucket compared to what she could potentially be making. This gets Kevin O'Leary drooling at the mouth as he starts putting together a Dream Team of Lawyers to go after all these patent trolls. Mark Cuban totally disagrees and thinks the best way to beat them is to out compete and offer a superior diaper. Tereson agrees and said that's what She's been doing but more competition keeps popping up and she needs to enforce her patent. In the end it seemed like to much potential liability for the shark Tank and they all go out without making an offer.
Fuzzy Bunz after the Shark Tank Show
This is one Lady you might want to watch out for if you are infringing on her patent. True to Tereson's word she is keeping a close eye on any cloth diaper manufacture using her pocket design. She reviled on her blog there is at least 70 different cloth diapers on the market that are similar to the fuzzy buns brand.
It was also interesting to note that Tereson was one of the lucky few Shark Tank Contestant's that did not try out for the show but instead was approached directly by the producers. She was very hesitant on even going on the show because the Fuzzi Bunz in far from a start-up as well as this little problem that seemed out of her control.
Dupuy said she learned a lot from the Sharks and made immediate changes when she returned home. It looks like she is also becoming a patent expert and I would imagine anyone infringing on the Fuzzi Bunz is about to start paying up big time.
Order The Original Fuzzi Bunz Diaper's Online
The FuzziBuns Website
Follow Tereson Dupuy on Twitter