Stress Free Kids is a line of books and CDs created by Lori Lite, designed to help reduce stress and anxiety in kids. She appeared on Shark Tank Season 1 and asked the Sharks for $250k for a 20% equity stake at a $1.25 million valuation.
If you have kids in your family, perhaps this product could prove helpful to you. Let’s find out what the Sharks have to say about these products and which Sharks might offer Lori an investment.
| Company Name | Stress Free Kids | |
| Founder/Co-Founder | Lori Lite | |
| Founded | Sep 2003 | |
| Product | Stress Management Stress Free Kids for Kids | |
| Asked For | $250K for 20% equity | |
| Final Deal | $250K for 50% equity | |
| Shark | Barbara Corcoran | |
| Episode | S1 E3 | |
| Air Date | Aug 23th, 2009 | |
| Business Status | In Business | |
| Website | Visit Website | |
| Headquarters | Atlanta Metropolitan Area, Georgia, United States | |
| Lifetime Sales | $1M *estimated | |
| Buy and Watch | Buy Now | Amazon Prime |
Stress Free Kids Shark Tank Recap
Lori revealed that she has invested $200,000 in the business. Last year (2008), she sold 30,000 units of books, generating $180,000 in revenue with a profit of $50,000. Her husband is involved in the business and assists with sales and marketing.
Robert Herjavec is concerned about the company’s valuation because according to Lori, the valuation is $1.25 million, but the annual sales are not justifying this valuation. Because of this, he refused to invest.
Kevin O’Leary offered Lori $250k in exchange for 100% ownership of the company, but she was not comfortable selling her company. After this, Daymond John offered $250k for 51% equity, but Barbara Corcoran also offered $250k for 50% equity.
Lori countered with $250k for 40% equity, but Daymond and Barbara stuck to their offers. Finally, she decided to accept Barbara’s offer.
Sharks Offers list!
| Sharks | Offers |
|---|---|
| Kevin Harrington | No Offer |
| Kevin O’Leary | $250K for 100% equity |
| Robert Herjavec | No Offer |
| Barbara Corcoran | $250K for 50% equity |
| Daymond John | $250K for 51% equity |
| Founder’s (Countered) | $250K for 40% equity |
| Final Deals | $250K for 50% equity |
Stress Free Kids Shark Tank Update
From our research on “Stress Free Kids Shark Tank Update,” we found out that Lori’s books are generating thousands of dollars in sales on Amazon every year, with most sales coming from the “Angry Octopus” book. Additionally, her books are available on various platforms such as Barnes & Noble, Waterstones, Booktopia, Indigo, and her official website.
Her business is still running, and she is currently employed as a marketing advisor at Actualize Consulting.
Below are some business update reports for you to visit.
