Wedfuly was launched by entrepreneur Caroline Creidenberg on “Shark Tank” season 13 episode 5, hoping to catch the attention of the Sharks. Wedfuly provides couples wary of the pandemic with a proper way to plan, manage, and even exchange marriage vows online in a world dominated by internet services, especially as we move closer to COVID-19.
The business’s growth piqued our interest after its appearance on the show, so we decided to look into it further [1].
When Wedfuly appeared on Shark Tank, the sharks were intrigued. The product was a unique and innovative way to make wedding planning easier for couples. After the show aired, the company saw a surge in traffic to its website.
However, they soon realized that not all of this attention was good. In this blog post, we will discuss what happened after Shark Tank and how the company was able to overcome some of the challenges it faced.
What Is Wedfuly?
To provide the service, they collaborated with Zoom. Wedfuly’s team may visit the site to film. The program included virtual reception tables, toasts, and even group dance parties, except for the actual wedding ceremony. They not only plan virtual Weddings; they also organize “classic” weddings [2].
Pros Of Wedfuly
- They provide both real and virtual weddings;
- They have a lot of ideas, but they don’t always know exactly how to carry them out;
- Perfect for wedding-related businesses;
- Thorough planning;
Cons Of Wedfuly
- Soon, self-made events and ceremonies will be supplanted;
Who Is Wedfuly For?
If you’re planning a virtual or hybrid wedding, Wedfuly is for you. The hosts may use the Wedding Planning Service to manage the difficulties of a virtual wedding. You will have to determine how much you are willing to spend on the service [3].
If you’re looking for a unique way to save money on your wedding, look no further than Wedfuly. Their virtual wedding planning service can help you save money by arranging your wedding online. They collaborate with Zoom to provide the service, which includes
Are There Any Alternatives?
Wedfuly, while it may be a wonderful tool for some people, isn’t always the best solution. There are alternatives to Wedfuly, such as virtual wedding planning services like Bustld and Venlist. Both of these businesses began their journeys into virtual weddings during the epidemic.
Who Is The Founder Of Wedfuly?
Caroline Creidenberg is the founder and owner of Wedfuly. She graduated from Denver University Clarion with a degree in software engineering [4]. After working as a software engineer for a few years, Caroline decided to start her own business. In 2017, she founded Wedfuly, which is headquartered in Denver, Colorado.
Fast Facts About Wedfuly You Need To Know
Wedfuly 1.0 Was A Wedding Planning App
In 2017, Creidenberg created Wedfuly 1.0 as a wedding planning software for her graduation project at the University of Illinois. The ability to book a photographer, flowers, video, and other essentials from your phone was just the improvement the wedding business needed [5].
Imagine not having to search for your wedding planner (or pay her for her time) on the day of the wedding. Wedfuly simplified and streamlined wedding planning was going well until the coronavirus epidemic shut down public gatherings.
The Pandemic Nearly Put Her Out Of Business
When the world came crashing down around her, Creidenburg had to think fast if she wanted to keep Wedfuly afloat. Quick action and an inventive mindset saved her business when COVID-19 threatened weddings left and right.
Creidenberg revealed to Heavy that the interactive Zoom activities she set up for wedding guests gave her company a lot of positive word of mouth. The demand took off nearly right away and she had to hire a lot of people.
No One At Wedfuly Remembers Applying For Shark Tank
“The Shark Tank” application procedure is a favorite inside joke among the members of Wedfuly, according to Caroline Creidenberg. “No one at Wedfuly remembers applying for ‘Shark Tank,’” she shared with Heavy. “There’s no email confirmation for it, and no one knows where we can find it. It’s a complete mystery”.
Regardless, it happened. She stated, “Filming was the most exhausting and exciting experience of my life”. She went on to say that it was a whirlwind, and she can barely recall the day other than that she was strangely calm and just allowed the pandemonium to unfold around her.
Wedfuly Before Shark Tank
On Shark Tank season 13 episode 6, Caroline Creidenberg attempts to incorporate her internet wedding business Wedfuly with a partner in order to expand it. After launching the firm in 2017 as a virtual wedding service that helped couples plan their weddings online for less, Creindenberg made a 180-degree turn in March 2020 when the wedding industry halted due to the worldwide Covid-19 pandemic. To provide virtual weddings, Creindenberg and her colleagues teamed up with Zoom!
On March 28, 2020, Wedfuly – in collaboration with Zoom partners – held their first virtual wedding service. The officiant for the ceremony was the bride’s father who wasn’t able to be physically present.
Since then, they’ve produced “hundreds” of additional virtual weddings. Typically though, what they’ll do is set up several smartphone cameras at various angles around the couple or a family member ahead of time. Then, the Wedfully staff will generate the video remotely; although for an extra fee you can have a team member sent out to your actual wedding location as well.
Marrying two individuals of different backgrounds provides for a genuinely creative wedding ceremony. With over ten years of expertise providing hassle-free weddings to couples from all across the world, you’ll be able to enjoy your wedding regardless if you’re hosting it outdoors or indoors. Each package comes with two tripods and batteries already installed plus an audio device that simply links into any space or DJ configuration.
The firm also provides “traditional” wedding planning services. While the epidemic persists, experts predict a shift toward smaller, more intimate weddings with a virtual aspect. Caroline thinks it’s likely to happen, and she’d want a Shark on board for the ride [6].
Wedfuly On Shark Tank: The Pitch
On this episode of Shark Tank, entrepreneur Carole Melville comes to the tank seeking $200,000 for 5% of her firm. The presentation begins with Caroline speaking about how beautiful weddings are and how the Covid-19 epidemic inspired her to start the company.
She says that, even though the lockdowns related to the pandemic have loosened up, this type of wedding is not a fad. She has cake and champagne for the Sharks and they toast with Mr. Wonderful’s now famous “Chevaliers du Teste vin!” Right after the toast, Daymond says he thinks people will want to get back to having real weddings and he leaves.
Mark points out that his brother Brian had the first live-streamed wedding in 1998. Robert wonders if people will keep using the service, and she says her customers behave differently.
Since March of 2020, she’s done 700 weddings. Caroline is a software engineer who worked at a large financial institution where she was one of only three women in a department of 60 people. To create a more female-friendly company, she started a wedding planning app. 40% of her clients were not planning their wedding at all. She goes on to discuss the procedure for making and booking appointments for weddings. The Sharks are shocked that Caroline and her staff were able to complete 30 marriages in one day.
Mark asks if they are a data feeder company, and Mr. Wonderful looks interested. Caroline says they collect the names and emails of every wedding guest.
Kevin likes the data feeder angle and wants to cross-sell with his other wedding-related businesses.
Lori loves the narrative and considers Caroline a positive role model, but she is unwilling to invest in the business; she is out. Mark doesn’t have any ancillary enterprises and believes that the company can’t be scaled; he’s out. Robert likes the concept and offers $200,000 for 10% equity. Robert was the first male to be involved with the firm, according to the backstage conversation between him and Caroline.
Wedfuly Now In 2022
It’s not yet been confirmed what the status of the deal is, but both sides are said to be in due diligence. However, shortly after the official airing of Caroline and Wedfuly’s team’s info session weekend, it was stated that they would do a long-form Q&A.
Since its inception in 2017, the firm has earned $700,000 and made a $100,000 profit in 2020. It provides free consultation and fees range from $700 to $2000 on average. The typical expected resume cost for the client is $1500. They received 75% of the profits and made a million dollars with 300 thousand dollars in profit in 2021.
Wedfuly had already appeared on The New York Times, Vogue, Brides Magazine, and now Shark Tank. Following the premiere of Shark Tank 2022 wedding dates were booked faster than ever before, thanks to Wedfuly’s prior fame. According to their website, the firm is still in operation with greater consumers.
As stated on the Wedfuly official website, the company is still operational as of 2022. The team gained more popularity after hosting an informational session soon after their show ended. However, the deal has not been finalized yet and is still under review.
The Net Worth Of Wedfuly
The company was valued at around $4 million when it appeared on Shark Tank. Additionally, Wedfuly managed to secure an investment of $2 million during the show. According to official sources, the company is still in business and sales are soaring. Therefore, their net worth has likely increased since appearing on the show [7].
FAQ
What is a virtual wedding?
A virtual wedding is a wedding that is not held in person. The ceremony and reception are held online, usually via video chat.
How much does it cost to zoom a wedding?
Zoom does not charge for its basic service, which includes video chat for up to 100 participants. However, if you want to use Zoom’s premium features, such as a virtual background or transcription services, you’ll need to sign up for a paid subscription.
If you’re looking to save money on your wedding, a virtual wedding is a way to go. Not only will you save on venue and catering costs, but you’ll also eliminate the need for travel expenses. Plus, with Wedfuly’s help, planning a virtual wedding is easy and stress-free!
Can you get married online legally in the US?
According to American Marriage Ministries, couples may apply for a marriage license via videoconference and officiants can conduct weddings via video conference. The only caution is that the couple and the officiant must engage in real-time on the Zoom call. That means there can’t be any prerecorded “I Dos” between them [8].
What states allow proxy marriages?
In the United States, proxy marriages are allowed by law or custom in Texas, Colorado, Kansas, and Montana. Only Montana allows double-proxy marriage, out of these five states. Proxy marriages may not be performed in any other US state [9].
What is a Metaverse wedding?
The ceremony and reception take place in a VR world, where guests can interact with each other and the environment as if they were in the same physical space. A Metaverse wedding requires special equipment, such as VR headsets, but it’s becoming increasingly popular as VR technology becomes more accessible.
Useful Video: Fastest Out Ever!? | Wedfuly on Shark Tank
References
- https://thecinemaholic.com/wedfuly-shark-tank-update-where-is-wedfuly-now/
- https://geeksaroundglobe.com/wedfuly-what-happened-after-shark-tank/
- https://www.sharktanksuccess.com/wedfuly-shark-tank-review/
- https://geeksaroundglobe.com/wedfuly-what-happened-after-shark-tank/
- https://heavy.com/entertainment/wedfuly-shark-tank/
- https://www.sharktankblog.com/business/wedfuly/
- https://geeksaroundglobe.com/wedfuly-what-happened-after-shark-tank/
- https://wedfuly.com/blog/is-it-legal-to-have-a-virtual-wedding
- https://en.wikipedia.org/wiki/Proxy_marriage