PrideBites is an online pet accessory company that creates custom pet accessories. It has been proven on Shark Tank that the company’s products are loved by pet owners, as they had battle-tested their products on the show!
In fact, in the past few years, they have succeeded in selling millions of items by partnering with some of the world’s top brands to create some of the most amazing products imaginable for pets.
|Founded by||Steven Blustein and Sean Knecht|
|Product||Customizable products for pets|
|Pridebites Net Worth||$3 million (Last Updated 2022)|
Pridebites Net Worth
Prior to Shark Tank, the business was generating less than half a million dollars per year. From the time PrideBites appeared on Shark Tank, its revenue had doubled every year.
With $3 million in annual revenue, the company is still in business.
During his undergraduate studies, Steven Bluestein attended the University of Kansas’ business school. He got his BBA in Accounting, then got his MBA in Tax Accounting.
Blustein got the idea for his next-level dog toy during graduate school. His goal was to make pet products that could be customized.
Steven Blustein came up with the idea and started testing prototypes with some friends. With PrideBites’ rapid growth, the company hired manufacturers in Bangladesh, China, Israel, and around the globe just to supply the US market.
Shark Tank Deal
Sean Knecht and Stephen Blustein, the creators of PrideBites, introduced their business to Shark Tank in April 2015.
The company requested $200,000 for 10 percent ownership in the business. They ended up getting deals with two sharks. Lori Greiner and Robert Herjavec invested $300,000 for a 30 percent stake in the company.
PrideBites After Shark Tank
No deal was ever closed with Lori and Robert. In typical Shark Tank fashion, Pridebites received the so-called Shark Tank boost as a result of its appearance in the show. Following its appearance, the company attracted an additional investment of 5500.000 by other investors. The company’s progress has been rapid, and their earnings are on track to surpass last quarter’s figures.
A revenue of $3 million was generated by the company in 2022, proving that it is still a successful business.