Tiffany’s son had Down syndrome, and Tiffany faced a lot of difficulty giving her son medicine. This inspired her to come up with the idea of creating the AVA the Elephant product, which is an Singing elephant head toy device that helps children not recognize medicine.
In Shark Tank Season 1 Episode 1, Tiffany Krumins asked the Sharks for $50k for 15% equity at a $333k valuation. Will the Sharks consider investing in this business, or will the founder have to return empty-handed without a deal?
| Company Name | AVA the Elephant | |
| Founder/Co-Founder | Tiffany Krumins | |
| Founded | Jan 2009 | |
| Product | Medicine Dispenser For Kids | |
| Asked For | $50K for 15% equity | |
| Final Deal | $50K for 55% equity | |
| Shark | Barbara Corcoran | |
| Episode | S1 E1 | |
| Air Date | Aug 9th, 2009 | |
| Business Status | In Business | |
| Website | Visit Website | |
| Headquarters | Alpharetta, Georgia, United States | |
| Lifetime Sales | $10M *estimated | |
| Buy and Watch | Buy Now | Amazon Prime |
AVA the Elephant Shark Tank Recap
Tiffany revealed that she has not yet patented the product and she needs $50,000 in funding to work on patenting and developing a working prototype. Her point was that this product could be sold for about $10 once it becomes a working product.
Kevin O’Leary is not able to push himself to invest because it’s not a business yet, just an idea. Robert Herjavec believes that it is beneficial to make a licensing deal with a big company in the same industry, and for this, Tiffany won’t need to raise funding.
Daymond John and Kevin Harrington also declined to invest in this business. Barbara Corcoran is not comfortable with dealing for a 15% stake, so she wants 55% ownership of the company. Tiffany decided to accept this offer.
Sharks Offers list!
| Sharks | Offers |
|---|---|
| Kevin Harrington | No Offer |
| Kevin O’Leary | No Offer |
| Robert Herjavec | No Offer |
| Barbara Corcoran | $50K for 55% equity |
| Daymond John | No Offer |
| Founder’s (Countered) | No Counter |
| Final Deals | $50K for 55% equity |
AVA the Elephant Shark Tank Update
With Barbara’s support, Tiffany successfully created the final working product and began selling it in over 9,000 giant retail store chains, including CVS and Walgreens. Due to battling cancer, she couldn’t handle the workload, so she signed a licensing deal with Baby Delight.
She had generated millions of dollars from this business. To advance her entrepreneurial journey, she started an Opu Probiotics business in June 2021 and is currently focusing on growing this business.
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