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BooBoo Goo Shark Tank Update

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BooBoo Goo was introduced as a colored, liquid, paint-on bandage that is an environment-friendly and decorative paint-on substitute to dress small wounds without having to use a traditional band-aid. In this way, Kiowa was also helping to save the planet from non-biodegradable, conventional band-aids.

The soothing solution comes in a variety of fun colors and skin tones in a 5 oz. nail polish bottle, making it easy and fun for the kids to paint the colorful solution themselves. Apart from that, BooBoo Goo is much more cost-effective also as a five-ounce bottle provides coverage of around seventy-five band-aids.

BooBoo Goo helps kids in healing their wounds when the children suffer the typical scrapes and cuts, they usually wind up with and distract them from the injury and the pain of their cuts, wound, or injury as kids love decorating their boo-boos and were distracted from any pain.

BooBoo Goo at a glance

SeasonSeason-05, Episode-20
Business IdeaPaint-on Bandage
FoundersKiowa Kavoit & Andrew Kavoit
Asked For$100,000 for 17.5% of Equity.
Accepted Deal$100,000 for 25% of Equity.
SharksKevin O’Leary
Business IdeaOut of Business.
WebsiteBooBoo Goo

Index:

Founder Story:

BooBoo Goo was invented and developed by a 6 years old adorable young girl Kiowa Kavoit with her father, Daytime Emmy Award-winning actor and amateur inventor Andrew Kavovit, best known for playing the role of Paul Rayn for more than five years on the popular Daytime Soap Opera “As the World Turns”.

As well as guest appearances on well-known television shows such as NYPD Blue, Touched by an Angel, etc. He played the lead role in the short-lived television series version of The Magnificent Seven in 1998.

Kiowa was inspired to invent BooBoo Goo as she never liked traditional, ugly band-aids, so she came up with an idea for a paint-on bandage for cuts and scrapes that came in a variety of colors and tones while helping to save the planet by replacing non-biodegradable traditional band-aids.

Kiowa is the youngest Shark Tank Contestant to appear on the show. This Shark Tank Episode series was completely dedicated to and featured only young entrepreneurs.

Did BooBoo Goo get a Deal on Shark Tank?

The founder Kiowa with the help of her father introduced her product to the Sharks that she had come up with. Andrew told the Sharks that they were looking for $100,000 for a 17.5% equity share in BooBoo Goo and they also needed the expertise, knowledge, and relationships of Sharks with potential buyers and stockists of their product.

They then showcased a video that explained to the Sharks all about the working of BooBoo Goo. Andrew informed the Sharks that the product had been developed in accordance with the advice of the physicians specializing in skin and wounds, he and Kiowa had consulted.

A sealant provides an entirely organic and waterproof barrier on the skin. BooBoo Goo is organic, natural, and non-flammable and a patent on the formula of BooBoo Goo is also pending.

Kiowa then went on to explain to the Sharks that the product is liked by children of small age groups as it comes in so many fun colors and skin tones. Kiowa then handed the samples of BooBoo and asked the Sharks to come on board and clean up one BooBoo at a time.

The Sharks were very impressed by the young entrepreneur and really liked the product. Mark Cuban believed the product would require too much education for consumers so he is out. Barbara does not believe there is a need, or a strong market, for the product. She thinks kids, and parents will prefer traditional bandages so she is also out.

See also  Quevos Shark Tank Update

Robert finds the improvement of adding color to a liquid bandage is not just enough for being a strong product and thought it to be too early for any investment, thus he backed. Lori Greiner liked the product, but she agrees with Herjavec, that it will be too early and the product isn’t unique enough, so she also backed it.

Kevin O’Leary also liked the product and showed his interest but he was concerned about the pending status of the patent. however, he made an offer for $100,000 for a 25% equity share in their company, contingent upon the clearing of the patent. The Kovoits accepted the offer of Kevin and thus, get a deal on Shark Tank.

What Happened to BooBoo Goo after Shark Tank?

After their appearance on ABC’s famous TV reality show Shark Tank, Kiowa and Andrew got huge numbers of orders for their product due to the Shark Tank effect. Kiowa made a deal with Kevin O’Leary for $100,000 for a 25% share of equity and received lots of publicity and attention.

They also entered into negotiations with significant band-aid companies and announced their plans to expand their product line to include additions such as BooBoo Bites, BooBoo Burns, BooBoo Salve, and BooBoo Block. However, the name of the company they have entered into a partnership with has not yet been revealed.

However, the Kovovits unfortunately according to their website were unable to fulfill all the online orders placed in response to their dive into the Shark Tank. The customers received full refunds and a promise of having orders filled free of charge once shipments were ready.

Competitors of BooBoo Goo

Being a one-of-a-kind and new product in the market with various unique features. BooBoo Goo does not have any competitors in the market as such. However, it deals in the bandage industry thus affected by the existing players in the segment.

Net Worth of BooBoo Goo

BooBoo Goo was a new and unique product that never started its sales and delivery operations thus, it was never made available to the public in the market. Therefore, it is quite impossible to calculate its value and net worth as its sales and revenue data is not available and it never officially started its operations in the open market.

Is BooBoo Goo Still in Business?

No, BooBoo Goo is presently not continuing its operations in the market. Nearly two years after their Shark Tank appearance, there has been no update on their website about the BooBoo Goo and their social media properties are also dormant, the product is no longer available anywhere and the brand is hard to find online.

BooBoo Goo social links:

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FAQs:

What is BooBoo Goo?

BooBoo Goo was introduced as a colored, liquid, paint-on bandage that is an environment-friendly and decorative paint-on substitute to dress small wounds without having to use a traditional band-aid. In this way, Kiowa was also helping to save the planet from non-biodegradable, conventional band-aids.

Who founded BooBoo Goo?

BooBoo Goo was invented and developed by a 6 years old adorable young girl Kiowa Kavoit with her father, Daytime Emmy Award-winning actor and amateur inventor Andrew Kavovit, best known for playing the role of Paul Rayn for more than five years on the popular Daytime Soap Opera “As the World Turns” .

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