Innovation Pet on Shark Tank
Interactive Pet Toys - Episode 727 - 3/11/2016
|Innovation Pet Toys|
appearing on the
Shark Tank in Episode 717
Is this Innovation Pet's Shark Tank video audition tape? Surprisingly, neither Victoria or Tim directly mention the Shark Tank Show but does say they're looking for a $500,000.00 investment for 8% of the business valued at $6 million. I must say they have a convincing way justifying a $6 million valuation for this start-up company if these are indeed the numbers presented on the Shark Tank.
The Innovation Pet Business was approximately three years old when they filmed the Shark Tank Episode 727, and by all accounts, this business was already making a decent profit when they went in front of the Sharks. In the video above that was posted April of last year, Tim and Victoria said they've been in business only two years at that time.
The first year starting Innovation Pet was mostly devoted to product development involving multiple trips overseas. It wasn't until the second year in business Innovation Pet started selling their first line of interactive pet toys generating $2 million in sales. According to the dates, Innovation Pet had around six more months worth of sales to add to this impressive number before going in front of the Sharks on the Shark Tank Show. How much more did Innovation Pet sell before meeting the Sharks in Episode 727? We'll have to wait until this episode airs this Friday night, March 11, 2016, to know for sure, but it'll be a good indication if the company's keeping up with the very impressive early sales.
Watch Innovation Pet on the next Brand New Shark Tank this Friday night in Episode 727, and see if the Sharks are interested in playing with interactive toys.
Innovation Pet Store's Website