What happened to Dare-U-Go after appearing on Shark Tank Season 10? Lisa D’Amato, the founder of Dare-U-Go, initially accepted Barbara Corcoran’s offer of $350,000 for 35% equity on Shark Tank. However, the deal ultimately fell through after the show. Instead, Lisa partnered with one of the distributors she had mentioned during her pitch. Despite not securing a deal with a Shark, Dare-U-Go has achieved success, expanding its distribution to 20 countries and experiencing continued growth in sales.
Summary
- Lisa D’Amato, former America’s Top Model winner, pitched Dare-U-Go, a multi-functional baby bib, on Shark Tank Season 10.
- She sought $350,000 for 10% equity and accepted Barbara Corcoran’s offer of $350,000 for 35%.
- The deal with Barbara did not close, but Dare-U-Go thrived, expanding distribution and increasing sales.
- The company’s success proves that even without a Shark Tank deal, entrepreneurs can achieve their goals.
Dare-U-Go Shark Tank Update | Shark Tank Season 10
Dare-U-Go is a cleverly designed baby bib that doubles as a food container and serving dish.
Made from food-grade silicone, it features resealable compartments that make it easy for parents to store and serve food on the go.
This innovative product was born out of the need to simplify mealtimes for busy parents and their little ones.
Lisa D’Amato’s Journey
Lisa D’Amato, the creative mind behind Dare-U-Go, is no stranger to the spotlight. She first gained fame as the winner of America’s Next Top Model Cycle 5 and later the “All-Star” edition in Cycle 17.
Transitioning from the world of high fashion to entrepreneurship, Lisa drew inspiration from her experiences as a mother of two young children.
Recognizing the challenges of feeding toddlers on the move, she developed Dare-U-Go to provide a convenient and mess-free solution.
Dare-U-Go on Shark Tank
1. The Pitch
Lisa D’Amato stepped into the Shark Tank seeking an investment of $350,000 in exchange for a 10% stake in her company.
She confidently presented Dare-U-Go, highlighting its unique features and early success.
With $100,000 in sales already generated in the first three months, Lisa demonstrated the product’s potential to disrupt the baby product market.
| Entrepreneurs | Lisa D’Amato |
|---|---|
| Business | Dare-U-Go – Multifunctional bib with built-in food storage compartments |
| Ask | $350,000 for 10% equity |
| Deal | $350,000 for 35% equity |
| Sharks | Barbara Corcoran |
| Season – Episode | Season 10 – Episode 14 |
| Original Air Date | March 24, 2019 |
| Website | Dare-U-Go |
| Key Points of Pitch |
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| Why Sharks Accepted |
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2. Negotiations with the Sharks
Lisa’s pitch sparked a lively discussion among the Sharks.
Mark Cuban, known for his direct approach, expressed concern over Lisa’s market analysis and ultimately withdrew from making an offer.
Kevin O’Leary, intrigued by the product’s potential, proposed a deal with a portion of the investment structured as a loan.
Barbara Corcoran, recognizing Lisa’s entrepreneurial spirit but also her need for guidance, offered a 50/50 partnership.
3. The Deal with Barbara Corcoran
After a series of counter-offers, Lisa accepted Barbara Corcoran’s revised deal of $350,000 for 35% equity, with a portion of the funding provided as a loan.
Barbara, with her expertise in real estate and marketing, seemed like the ideal partner to help Dare-U-Go scale its operations and reach a wider audience.
Dare-U-Go Update
1. The Unclosed Deal
While Lisa initially accepted Barbara’s offer on Shark Tank, the deal did not finalize after the show. This is not uncommon, as many deals that are made on air fall through during the due diligence process.
In Lisa’s case, she ultimately decided to partner with one of the distributors she had mentioned during her pitch.
This suggests she may have found a more favorable arrangement or felt more confident in pursuing that path.
2. Continued Growth and Success
Despite not securing a deal with a Shark, Dare-U-Go has continued to thrive. The company has expanded its product line and distribution network.
Today, Dare-U-Go products can be found in major retailers like Walmart and Amazon, and the brand has a presence in over 20 countries.
This demonstrates that even without the direct support of a Shark, entrepreneurs with a solid product and strong business acumen can achieve remarkable success.
3. International Expansion
Dare-U-Go’s reach extends far beyond the United States. The company has successfully tapped into international markets, making its products available to parents around the globe.
This global expansion is a testament to the product’s universal appeal and the company’s ability to navigate the complexities of international business.
The Dare-U-Go Product
1. Features and Benefits
The Dare-U-Go bib stands out for its innovative design and practicality. Here are some of its key features and benefits:
- Multi-functional: It serves as a bib, plate, and food storage container all in one.
- Portable: The silicone material is lightweight and folds easily, making it ideal for travel.
- Easy to clean: The bib is dishwasher safe, ensuring quick and hygienic cleaning.
- Durable: Made from high-quality silicone, it can withstand the wear and tear of daily use.
- Reduces mess: The built-in compartments help contain spills and keep food separate.
2. Customer Reviews
Dare-U-Go has received largely positive reviews from parents. Customers appreciate its convenience, ease of use, and effectiveness in reducing mealtime messes.
Many highlight its portability as a major advantage, making it perfect for outings and travel.
Some parents have noted that the bib’s size might not be suitable for older toddlers or children with larger appetites.
Overall, Dare-U-Go has proven to be a popular choice for parents seeking a practical and innovative solution for feeding their little ones.
Lisa D’Amato: From Model to Mompreneur
1. Inspiration Behind Dare-U-Go
Lisa D’Amato’s journey from a successful model to a thriving entrepreneur is truly inspiring. The idea for Dare-U-Go stemmed from her own experiences as a mother.
Juggling motherhood and a busy lifestyle, she realized the need for a product that could simplify mealtimes, especially while on the go.
This personal need sparked her creativity, leading to the development of the innovative bib. Lisa’s story highlights how personal challenges can often be the catalyst for entrepreneurial endeavors.
2. Balancing Motherhood and Business
Lisa D’Amato is a testament to the power of women in business. She successfully manages both motherhood and entrepreneurship, demonstrating that it’s possible to excel in both roles.
Lisa often shares her experiences on social media, providing a glimpse into her life as a mompreneur.
Her openness about the challenges and rewards of balancing family and business resonates with many working mothers and aspiring entrepreneurs.
Dare-U-Go’s Marketing Strategies
1. Social Media Presence
Dare-U-Go effectively utilizes social media to connect with its target audience. The brand maintains an active presence on platforms like Instagram and Facebook, sharing engaging content that showcases the product’s features and benefits.
Lisa D’Amato’s personal involvement in the brand’s social media strategy adds a relatable and authentic touch.
The company frequently interacts with its followers, responding to queries and fostering a sense of community.
2. Retail Partnerships
In addition to online sales, Dare-U-Go has established strong retail partnerships. The brand’s presence in major retail stores like Walmart has significantly expanded its reach and visibility.
These partnerships provide customers with the opportunity to experience the product firsthand before making a purchase.
By combining online and offline channels, Dare-U-Go has created a comprehensive distribution network that caters to a wider customer base.
The Future of Dare-U-Go
1. Product Development
Dare-U-Go appears committed to innovation and expanding its product line. While the original bib remains a core product, the company has introduced variations and complementary items.
These include different sizes, colors, and designs to cater to a wider range of preferences. We can anticipate further product development in the future, potentially with new features or designs that address evolving customer needs.
This commitment to innovation will be crucial for Dare-U-Go to maintain its competitive edge in the ever-changing baby product market.
2. Expansion Plans
Dare-U-Go has already achieved significant growth with its presence in major retailers and international markets.
However, the company shows no signs of slowing down. Future expansion plans likely involve increasing market penetration in existing regions and exploring new territories.
This could involve strategic partnerships, collaborations with influencers, or targeted marketing campaigns.
Dare-U-Go may also consider expanding its online presence through its own e-commerce platform or by partnering with other online retailers.
By continuing to adapt and innovate, Dare-U-Go is well-positioned for continued growth and success in the years to come.
FAQs
Where can I buy Dare-U-Go products?
Dare-U-Go products are available on their website, Amazon, and at select retailers like Walmart.
What ages are Dare-U-Go bibs suitable for?
Dare-U-Go bibs are generally best for babies and toddlers who are starting solids and learning to self-feed.
Are Dare-U-Go bibs dishwasher safe?
Yes, they are dishwasher safe, making them easy to clean.
Does Dare-U-Go offer different sizes or colors?
Yes, they offer a variety of colors and have expanded their line to include different sizes and styles.
The Bottom Line
Dare-U-Go’s journey exemplifies how a simple idea, born out of a personal need, can evolve into a successful business. Lisa D’Amato’s transition from model to mompreneur is an inspiration to aspiring entrepreneurs, especially women juggling motherhood and career aspirations.
Even though the Shark Tank deal fell through, Dare-U-Go’s continued growth and expansion highlight the importance of perseverance, adaptability, and a strong product. By focusing on innovation, customer needs, and strategic marketing, Dare-U-Go has cemented its place in the competitive baby product market. The brand’s future looks bright, with continued product development and expansion plans promising further success.
