Have you ever gone on a camping trip and wanted to inflate your mattress easily? Well now you can with this innovation which has a one-of-a-kind solution for all you travelers out there. Presenting the Windcatcher the first-ever air-catching mattress pad that allows it to be inflated in no time.
This product is an ideal gift to all travelers as this product line has all your inflatable travel gear and outdoor gear on offer. The unique technology behind this inflatable mattress is a true eyeopener and makes the process of inflation a whole lot easier.
Windcatcher at a glance:
| Business idea | Innovative air catching mattress pads |
| Founders | Ryan Frayne |
| Asked for | $200,000 for 8% |
| Accepted deal | $200,000 for 5% |
| Sharks | Lori Greiner |
| Business status | In business |
| Website | Windcatcher |
Index:
Founder Story:
The proud innovator of the product Windcatcher is Ryan Frayne who is from Portland Oregon. The product came as an idea to a 34-year-old when he went on a trip with his family and saw his brother restlessly trying to inflate a mattress and failing in most of the attempts, on seeing this on the trip he wanted an easier way as a solution.
This led to the creation of the product with its smart air entrainment technology that allows the process to be so much easier. He knew at once that this technology would improve the effectiveness of the product.
He also knew that this technology had not been used commercially in any product, so went on to develop a prototype of the product and called it the airbag. This prototype product had two valves one for using the air entrainment technology and inflating the mattress pad while the other would deflate it.
Did Windcatcher get a deal on the shark tank?
The pitch took the sharks’ breath away, leaving them breathless. The entrepreneur of the Windcatcher, Ryan Frayne entered the shark tank seeking an investment of $200,000 for 8%. Ryan first demonstrates the inflation of a standard inflatable and proves to the sharks how challenging it really is. Then he demonstrates his product the windcatcher airbag and the sharks are stunned. Finally, he talks about the limitless possibilities.
Ryan says he came up with the concept when he was inflating items on the beach. He declares that he is no scientist and has invented the valve by doing a lot of research. He also tells the sharks that he has generated $165,000 in sales from 2013.
Mr. Wonderful asks the founder whether he would like to build a business out of the product or license the technology only. The answer to this was both. Ryan does not talk about the cost of making the product but says that the product has 60% margins.
Kevin offers $200,000 for 6% equity of everything that Ryan sells, which will turn to 3% equity when he reaches $800,000. Mark says to Kevin that Ryan will never take that offer. Chris Sacca believes that someone else will come up with a deal.
After some time of silence, Lori is the one to make the offer of $200,000 for 15% of the company, to which Kevin responds “ouch”. But Lori believes the product line will require the development of further goods. Chris Sacca wants to come on in with a deal with Lori.
Lori now tells Ryan that the offer should be for 20% as there are two sharks in the offer. Robert offers $200,000 for 10% as Ryan requested. Lori and Sacca increase their offer to $200,000 for 15% and Ryan asks if they are willing to extend a $10 million line of credit. Robert was furious and wants to know why his offer was rejected. Mark offers Ryan $200,000 for 8% equity and a line of credit.
Robert reduces the price to 6.5% for $200,000. Lori extends the offer to $200,000 for 5% but without Chris Sacca and is willing to extend the line of credit. Ryan agrees to the deal. He walks out with a deal from Lori at $200,000 for 5% with a line of credit.
What happened to Windcatcher after the shark tank?
The attention received by the product windcatcher was phenomenal. Ryan was prepared for the massive number of incoming orders for the product and was surprised when prospective customers arrived. Sales went through the roof when they kept the product on sale for a month after the shark tank appearance. About the product.
- The product can be inflated with the help of your breath.
- It has a valve for inflating and deflating the air pad.
- There is no requirement to use power or pumping to inflate the product.
- The founder of this technology is Ryan Frayne
- The product is available on Amazon for sale.
What is the net worth of Windcatcher?
At the time of the Shark tank appearance it was valued at around $4 million. The net worth of this company is estimated to be $6 million as of 2022. The fact that the company started with an investment of $2000 and has now reached a valuation of $6 million is remarkable.
Is Windcatcher still in business?
The technology is available on sale on Amazon for now, but the company is not functional after a legal battle with Cascade Designs and Ryan being diagnosed with terminal cancer. The producers wanted to introduce new product lines and help the technology developed by Ryan to be used by the world but it is not possible now.
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What is Windcatcher?
Windcatcher is a Innovative air catching mattress pads.
Who founded Windcatcher?
The proud innovator of the product Windcatcher is Ryan Frayne who is from Portland Oregon. The product came as an idea to a 34-year-old when he went on a trip with his family and saw his brother restlessly trying to inflate a mattress and failing in most of the attempts, on seeing this on the trip he wanted an easier way as a solution.