The Airbedz truck bed air mattress was a huge hit on Shark Tank, and the product has continued to be popular since the show aired. In this blog post, we will take a look at what happened to Airbedz after their appearance on Shark Tank.
What is Airbedz?
Airbedz is a company that produces and sells air mattresses. The company was founded by James Pittman. Airbedz originally started out as an online retailer, but eventually began selling its products in brick-and-mortar stores as well. [1]
How Does Airbedz Work?
Airbedz is a unique product that allows you to inflate and deflate your air mattress with the simple push of a button. There are no cords or hoses to worry about, and the entire process takes less than 60 seconds. Simply connect the Airbedz pump to your car’s cigarette lighter and inflation will begin automatically. When you’re ready to deflate, just press the button again and the mattress will quickly deflate itself.
Who Founded Airbedz?
James Pittman’s company, AirBedz is known for manufacturing high-quality air mattresses that offer comfort and ease of use. The product line includes models to meet a variety of needs from portable guest bedding or an extra seat in your car; all while being affordable!
These inflatable air mattresses are the perfect solution for any truck owner who’s had trouble finding a place to store their mattress.
The patented design of these beds means they can be inflated and stored easily inside your vehicle, making them easy when camping or just traveling around town! [2]
Airbedz Business Before Shark Tank
Jim Pittman, CEO, and founder of AirBedz went to Shark Tank hoping to gain investment for his company. He believes that if he can get $ 250k investment from the popular TV show’s investigators then they will be able to help him out with 15% ownership which could lead to big things down the road!
Airbedz During Shark Tank Pitch
James Pittman’s AirBedz business idea made it onto the Shark Tank stage, where he sought out a partner who could help him scale up his product.
James strutted onto the Shark Tank, prepared to pitch his business idea. He had been working for months on creating AirBedz and thought that maybe they could help him get some funding so he didn’t have all of this debt hanging over his head like an anchor weighing down any chance at success!
With a demonstration pick-up truck standing by, James demonstrates the construction of his mattress and how it stands up to various tests. He knows all about products – he’s been working hard for months on this one!
When Pittman tried to sell his product, the sharks flatly refused. They walked away without investing in any of his pitches and he never closed a deal with them! [3]
Airbedz After Shark Tank
Jim’s commitment to his AirBedz product remained firm, even after appearing on Shark Tank. He has enlisted the help of experts and continues working tirelessly so that people all over will be able to enjoy this revolutionary bedding innovation as well!
In 2016, the business launched its AirBedz website and has expanded to include truck dealerships. The new checklist helps owners find an airbed that’s right for them!
The AirBedz company is always coming up with new ways to help you sleep better. From pets, accessories, and even backseat mattresses they have everything your family needs for a good night’s rest!
Current Update: Is Airbedz Still In Business?
Pittman Outdoors is still around in 2022, and they market the Airbedz with various other configurations. Aside from that one product line-up includes inner tubes or coolers made out of inflatable material for camping trips where you need something lightweight but durable – Pitt Man has got your back!
Even after their stint on Shark Tank, AirBedz’ products are still being sold online.
Jim Pittman, the disgruntled owner of AirBedz, took legal action after he was displeased with how his product appeared on Shark Tank. He instructed his law firm to send some threatening emails in order that they would be more attentive towards him when it came down to making demands or threats about purchasing items off Amazon without even having a proper description posted first!
Airbedz Alternatives
If you’re looking for an alternative to Airbedz, there are a few options out there.
One popular option is the Intex Dura-Beam Standard Raised Airbed with Built-in Pump. This air mattress is made with a high-strength polyester fiber that’s been laminated with PVC for durability. It also has a built-in electric pump that makes inflating and deflating quick and easy!
Another great option is the Coleman SupportRest Elite Double High Airbed. This air bed features 35% more padding than other leading brands, so you can be sure you’ll be comfortable all night long! It also has a durable steel frame that can support up to 600 pounds, making it perfect for couples or families!
What Is The Net Worth Of AirBedz?
We’re not sure if this is a win for AirBedz, but they did manage a valuation of $ 1.6 million when it appeared on Shark Tank and now their net worth has increased by half – $ 2M!
Why Is Shark Tank So Popular?
Shark Tank is one of the most popular business-themed reality TV shows in the United States. The show features a panel of successful entrepreneurs and businesspeople who listen to pitches from startup companies seeking investment.
One of the things that makes Shark Tank so popular is that it gives viewers a behind-the-scenes look at how businesses are created and operated. It also provides insight into the minds of some of the most successful entrepreneurs in the country. [4]
How Can You Get On Shark Tank?
You can’t just walk into the Shark Tank and expect to get a deal. The producers are very selective about who they invite to the show. In order to be considered, you must have a well-developed business plan and a product that is ready for mass production. You also need to be able to articulate your business goals and why you think the Sharks would be beneficial partners. If you’re able to do all of this, then you may have a chance at landing a spot on Shark Tank.
Once you’re on the show, it’s important to make a good impression. This means being prepared to answer any questions the Sharks may have about your business. You should also be confident in your ability to pitch your business effectively. If you can do all of this, then you may be able to make a deal with one of the Sharks.
If you’re interested in starting your own business, then you should definitely consider applying to be on Shark Tank. It’s a great way to get exposure for your business and potentially land a big investment. Who knows, maybe you’ll be the next big success story!
Key Skills To Succeed on Shark Tank
To be a successful entrepreneur, you need to have a few key skills.
How Is Business Estimated on Shark Tank?
The Sharks often ask for 20% equity in a company for their investment. In the case of Airbedz, they were looking for $ 200,000 in exchange for a 20% stake in the business. This would have valued Airbedz at $ 800,000 pre-money.
In addition to giving up equity in the company, the Sharks also want a seat on the board of directors and a say in how the company is run. This can be a tough pill to swallow for entrepreneurs who are used to having full control over their businesses.
So what happens after you make a deal with the Sharks? It’s not all roses and rainbows. In fact, it can be quite stressful as you try to meet the expectations of your new investors. [5]
Who Is the Richest Shark on Shark Tank?
This is a question that many people ask, but the answer may surprise you.
Cuban has been a “shark” on Shark Tank since the show’s inception in 2009 and has invested in some successful businesses, such as KoozaBot and TenThirtyOne Productions. However, he also has his fair share of unsuccessful investments, like sending a young man home with just $ 100 after he failed to make a good impression during his pitch. [6]
Is Shark Tank Scripted?
Yes, there is some scripting involved with Shark Tank. The producers will often give the entrepreneurs a general idea of what they want them to talk about during their segment. However, the Sharks are not given any information about the businesses before they go on air. This ensures that their reactions are genuine and that they’re able to offer constructive criticism.
Successful Products on Shark Tank
There have been many successful products that have come out of Shark Tank. Some of the most popular include:
- Scrub Daddy: This is a sponge that changes texture based on the water temperature. It was created by an entrepreneur named Aaron Krause and he ended up making a deal with Lori Greiner for $ 200,000 for 20% equity;
- Tipsy Elves: This is a company that sells ugly Christmas sweaters. They made a deal with Robert Herjavec for $ 100,000 for 30% equity;
- The Paintbrush Cover: This is a product that helps keep paintbrushes from drying out. The entrepreneurs behind this product, Michael and Melissa Cromie, made a deal with Barbara Corcoran for $ 75,000 for 25% equity;
Products That Failed on Shark Tank.
Not every product that goes on Shark Tank is a success. There have been many products that have failed, including:
- The Body Jac: This is a device that is meant to help you lose weight by massaging your body. The Sharks were not impressed with this product and it did not receive any offers;
- Wicked Good Cupcakes: This is a cupcake company that was started by two friends from Boston. They made a deal with Kevin O’Leary for $ 75,000 for 30% equity. However, the company struggled after its appearance on Shark Tank and it eventually had to close its doors;
- Reef Safe Sunscreen: This is a sunscreen that is safe for reefs and marine life. The entrepreneur behind this product, John Paul Mitchell, made a deal with Mark Cuban for $ 150,000 for 30% equity. However, the company has since gone out of business;
Are the Deals Real on Shark Tank?
The short answer is yes, the deals on Shark Tank are real. However, it’s important to remember that not every deal that is offered on the show is accepted by the entrepreneurs. In fact, many times the Sharks will make an offer that is significantly lower than what the entrepreneur was originally hoping for. While this can be disheartening, it’s important to remember that the Sharks are experienced investors who know how much a company is worth. They also have a lot of leverage when it comes to negotiation. [7]
Is Shark Tank Profitable?
Now that we know a little bit more about AirBedz and what they do, let’s take a look at whether or not the Sharks were actually able to make a profit from their investment.
Unfortunately, it doesn’t seem like the Sharks were very successful with this particular business. In fact, it appears as though they lost quite a bit of money on AirBedz.
This is definitely not uncommon for businesses that appear on Shark Tank. Many of them end up failing, despite the initial investment from the Sharks.
FAQ
What is AirBedz worth?
Airbedz is a company that makes inflatable mattresses for vehicles. As of 2022, the company has an estimated worth of $ 2 million. Since appearing on Shark Tank, Airbedz has continued to experience significant growth.
Will a full-size mattress fit in a truck bed?
This was the question that Airbedz set out to answer. They make mattresses that are specifically designed to fit in the back of a truck.
What size is the original AeroBed?
The original AeroBed is a twin size.
How do you sleep in a truck bed?
You don’t unless you have AirBedz. This company produces mattress toppers that fit in the back of a truck, making it possible to get a good night’s sleep no matter where you are.
How long does aerobed last?
Why is my air mattress deflating but no holes?
There are several reasons why your air mattress might be deflating, even if there are no holes. The most common reason is that the valves aren’t completely sealed.
Another possibility is that the air pump isn’t working properly. If you’re using an electric air pump, make sure that it’s plugged in and turned on. If you’re using a manual air pump, make sure that you’re pumping correctly.
Finally, the temperature can also affect the pressure of your air mattress. If it’s cold outside, the air in your mattress will contract and the mattress will deflate slightly. If you’ve tried all of these things and your mattress is still deflating, there may be a hole in the fabric of the mattress itself.
Useful Video: The Original AirBedz Truck Bed Air Mattress w/ Tailgate Extension Unboxing & Review
Conclusion
The Airbedz mattress turned out to be a big hit with consumers and a big success for the company. After appearing on Shark Tank, sales of the product exploded and the company was able to grow exponentially. Today, Airbedz is one of the leading manufacturers of air mattresses and continues to innovate new products to meet the needs of its customers. If you’re in the market for an air mattress, definitely check out Airbedz – you won’t be disappointed!
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References:
- https://seoaves.com/what-happened-to-airbedz-after-shark-tank/
- https://www.sharktanksuccess.com/airbedz-for-trucks/
- https://sharktanktales.com/airbedz-shark-tank-update/
- https://abc.com/shows/shark-tank/about-the-show
- https://www.investopedia.com/articles/company-insights/092116/how-business-valued-shark-tank.asp
- https://www.looper.com/987934/which-sharks-from-shark-tank-are-the-richest/
- https://www.cheatsheet.com/entertainment/shark-tank-robert-herjavec-reveals-deals-sometimes-close.html