Squeeky Knees is a clothing pad that is sewed inside the specially designed range of cloths of the company that is used to protect the knees of the toddlers also it has a squeaking sound that allows the parents to know where their child was.
Their clothing ranges include jeans, pants, overalls, knee hights, onesies, stackings, and leggings. Their clothes ranges are made up of special types of silicon materials that allow toddlers to jump or climb stairs without getting injured. These pants absorb the resistance and force while Childs jumps off. They have patented their products.
Squeeky Knees at a glance
|Founders||Lisa Evans and Ivan Barnes.|
|Asked For||$80,000 for 20% of equity.|
|Accepted Deal||No Deal.|
|Business Status||Out of Business.|
Squeeky Knees is founded and developed by 2 entrepreneurs called Ivan Barnes and Lisa Evans. Ivan invented Squeeky Knees in the year 2010 to protect the knees of their younger son. Ivan is a full-time employee and wanted a protective space and area for their little son so that they don’t get injured by tables, doors, and chairs inside the house also they wanted to know where their child was all the time, therefore they fixed a sounding instrument in it that creates a squeaking sound that helps them to know where their child was and that’s how they invented Squeeky Knees.
Ivan gets partnered with a company called “Right Back Babies” to design and develop their products after-sales them online. Later the partnership don’t take a long road and they alone started selling them online and distributing them to retailers and wholesalers.
Did Squeeky Knees get a deal on Shark Tank?
Squeeky Knees is introduced as a knee-protecting product for little toddlers in ABC’s famous reality show Shark Tank in Season-5 and Episode-19, owners represent their product and informed Sharks about that what their product is, what’s the idea behind it, etc.
They shows a video sample of their product workings and asked for an investment of $80,000 in exchange for 20% equity in their company. Sharks find the product interesting and want to know more about it Lori initially asked him about their sales figures as they told them they were able to sell over 500 units that make around $10,000 only. They are in business for the past 3 years but their 1st year is all gone in patenting and taking legal grants for their products. Later they spend 2 years establishing their business and started selling them online.
Sharks didn’t like their valuations and sales figures and some of them didn’t even like their products too. Kevin told them they don’t make sense in investing in their business as they don’t have any market for it. Later others told them they have very few numbers in sales after operating for 3 years as they don’t have any business sense, therefore all sharks backed them and they left without any deal in the show.
What Happened to Squeeky Knees after Shark Tank?
After the show, they receive huge traffic on their website as they get far more orders of their products as they sold in 3 years immediately after the show. But they are unable to handle that as their various items get out of stock and they don’t have the potential to maintain their inventory as their products are never been taken off. They suffer from various problems that cause them to shut down their operations in late 2017.
Competitors of Squeeky Knees
Squeeky Knees is one of the kinds of product that exists in the market therefore no any competitors are founds in front of them.
Net Worth of Squeeky Knees
The net worth of the company is estimated at $400,000 at the time of the appearance of the show currently the company has revenue of approximately $100,000 to $500,000 till they shut down their business
Is Squeeky Knees still in Business?
No, Squeeky Knees are out of business as their business doesn’t operate well also, they don’t have any business sense which creates a negative impact on their business and leads them to Shut Down their operations. Although their website is still active all products are out-of-stock and they didn’t update it for a very long time.
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What is Squeeky Knees?
Squeeky Knees is a clothing pad that is sewed inside the specially designed range of cloths of the company that is used to protect the knees of the toddlers also it has a squeaking sound that allows the parents to know where their child was
Who founded Squeeky Knees?
Squeeky Knees is founded and developed by 2 entrepreneurs called Ivan Barnes and Lisa Evans. Ivan invented Squeeky Knees in the year 2010 to protect the knees of their younger son.