Do you enjoy sunbathing but find it difficult to lie face down on your stomach? To solve this problem, Anthony Calvert invented Podillow, a pillow with two internal storage pockets for holding items. This pillow helps keep your face in the correct position without any struggle.
Anthony came to Shark Tank with his wife Tina seeking investment. Did they get an investment from the Sharks? How is their business doing currently? Let’s find out.
| Company Name | Podillow | |
| Founder/Co-Founder | Anthony Calvert & Tina Calvert | |
| Founded | 2008 | |
| Product | Face Down Tanning Massage Pillow | |
| Asked For | $250k for 33% equity | |
| Final Deal | No Deals | |
| Shark | No Sharks | |
| Episode | S1 E12 | |
| Air Date | Jan 15th, 2010 | |
| Business Status | Out of Business | |
| Website | Visit Website | |
| Headquarters | New York, United States | |
| Lifetime Sales | $0.5M *estimated | |
| Buy and Watch | Buy Now | Amazon Prime |
Business Pitch Episode Recap
Anthony asked the Sharks for $250,000 in exchange for 33% equity, valuing the company at $757,576. He and his wife Tina demonstrated their product and informed the Sharks that they had sold 6,000 units in 2 years.
They also mentioned that the product’s manufacturing cost is about $7, and the retail price is $29.95. Over 2 years, they have achieved total sales of $179,700.
Kevin O’Leary feels that the asking amount is too high based on the company’s stake, so he is out. Kevin Harrington said that it’s a seasonal product which is not perfect for his marketing strategy, so he is out.
Daymond John liked the product but felt the company’s valuation was not justified, so he is out. Barbara Corcoran also declined to invest. Robert Herjavec said the asking amount was too high, so he is out.
Sharks Offers list!
| Sharks | Offers |
|---|---|
| Kevin Harrington | No Offer |
| Kevin O’Leary | No Offer |
| Robert Herjavec | No Offer |
| Barbara Corcoran | No Offer |
| Daymond John | No Offer |
| Founder’s (Countered) | No Counters |
| Final Deals | No Deal |
Podillow Shark Tank Update
Anthony did not secure an investment on Shark Tank, but he persevered and listed the product on Amazon to boost sales. Unfortunately, despite these efforts, sales did not increase significantly. During our research on Podillow, we found the sad news that the business has closed down.
Here we have shared the progress update of more businesses from Season 1.
