Beartek Bluetooth Smart Gloves, created by entrepreneurs Willie Blount and Tarik Rodgers, offer a unique solution for smartphone control. These innovative gloves allow users to interact with their phones without having to touch the screen. Appearing on Season 7 of Shark Tank, Blount and Rodgers pitched their product to the sharks, seeking a $500,000 investment for a 5% equity stake. While they did not secure a deal, these gloves have made a lasting impact in the market.
Key Takeaways:
- Beartek Bluetooth Smart Gloves were created to provide smartphone control without removing gloves.
- The entrepreneurs appeared on Shark Tank Season 7 but did not secure a deal due to a high valuation.
- The gloves received positive reviews and gained popularity among outdoor enthusiasts.
- The company faced challenges after Shark Tank, but the gloves are still available for purchase on Amazon.
- Explore other innovative products from Shark Tank Season 7 for more exciting entrepreneurial ventures.
The Technology Behind Beartek Bluetooth Smart Gloves
Beartek Bluetooth Smart Gloves utilize cutting-edge technology to provide users with a seamless connection between their fingers and their smartphones. These gloves feature a module embedded within, allowing users to control their devices with ease. The module does not limit its functionality to gloves alone, as it can also be used with other compatible devices.
The gloves boast six touch points strategically placed to provide users with effortless control over various commands. Whether it’s managing music playback, answering phone calls, or even activating camera actions, these gloves offer a convenient and efficient solution. Through simple finger movements, users can perform a range of tasks without the need to remove their gloves.
Beartek Bluetooth Smart Gloves are available in different styles tailored for different purposes. Whether you’re looking for classic wear, snow sports, or motorcycling, there is a design to suit your needs. With its sleek and functional design, this innovative product has captured the attention of tech enthusiasts and outdoor adventurers alike.
CBS, CNBC, Mashable, and Gizmodo have all praised Beartek Bluetooth Smart Gloves for their revolutionary technology, making these gloves a standout product in the market.
Positive Features and Benefits:
- Seamless connection between fingers and smartphones
- Versatile module compatible with other devices
- Six touch points for easy control over different commands
- Available in various styles for different activities
- Praised by reputable media outlets
“Beartek Bluetooth Smart Gloves revolutionize the way we interact with our smartphones. With their innovative technology and user-friendly design, these gloves offer a practical solution for hands-free control.” – CBS
BearTek’s Entrepreneurial Journey on Shark Tank
Willie and Tarik, the entrepreneurs behind Beartek Bluetooth Smart Gloves, confidently entered the Shark Tank seeking $500,000 for 5% equity in their business. With their innovative gloves in hand, they showcased how the product revolutionized smartphone control without the need for direct touch. In the process, they revealed a remarkable tale of success, having already sold 1,500 units and generating an impressive $200,000 in profit within a span of just 15 months.
Tarik had invested $500,000 of his own funds to bring the business to life. The lucrative revenue projections and the gloves’ growing popularity had convinced the duo that their venture was poised for further success. However, the Sharks hesitated as they scrutinized the proposed $10 million valuation. They expressed concerns about the company’s reliance solely on gloves and urged expansion into other product lines.
“We love the product and the revenue it’s generating, but it’s a lot of money for something that’s limited to gloves.”
This apprehension ultimately led to no deal being made on the show. Despite the setback, BearTek’s appearance on Shark Tank provided valuable exposure and brought attention to their groundbreaking product.
Key Statistics:
| Revenue Generated: | $200,000 |
|---|---|
| Units Sold: | 1,500 |
| Entrepreneur Investment: | $500,000 |
| Valuation: | $10 million |
Although the BearTek entrepreneurs left the Shark Tank without securing a deal, their journey exemplifies the challenges and opportunities faced by entrepreneurs in the highly competitive world of product innovation. The next section will delve into the current status of Beartek Bluetooth Smart Gloves and the impact of their appearance on Shark Tank.
Current Status of Beartek Bluetooth Smart Gloves
Unfortunately, Beartek Bluetooth Smart Gloves did not experience continued success after their appearance on Shark Tank. Despite their initial sales and the attention they received, the company faced challenges in sustaining their business.
Beartek launched an IndieGoGo campaign in an effort to generate additional revenue and support. The campaign successfully raised $60,000, but ultimately, the company made the decision to refund all of the backers’ funds.
Currently, Beartek’s website is no longer active, suggesting a decline in their business operations. However, the gloves are still available for purchase on Amazon, providing an opportunity for interested consumers to acquire this unique product.
Despite these challenges, it is unclear whether Beartek Bluetooth Smart Gloves is still in business. The future of the company remains uncertain, leaving both customers and investors in a state of anticipation.
The Impact of Beartek Bluetooth Smart Gloves
Beartek Bluetooth Smart Gloves have made a significant impact on outdoor enthusiasts, offering safety, convenience, and control without compromising comfort. Designed for activities like skiing and cycling, these smart gloves allow users to effortlessly control their smartphones or GoPro cameras without having to remove their gloves. This innovative technology has garnered praise and positive reviews from various media outlets, capturing the attention of tech enthusiasts, geeks, and sports enthusiasts alike.
The Beartek Bluetooth Smart Gloves have revolutionized the way people interact with their devices while participating in outdoor activities. The gloves are equipped with a module that establishes a seamless connection between the user’s fingers and their smartphone, enabling smooth and effortless control. With six touchpoints strategically located on the gloves, users can easily command their music, answer phone calls, and even capture epic moments with their camera, all without interrupting their flow or exposing their hands to the elements.
What sets Beartek Bluetooth Smart Gloves apart is their ability to cater to different outdoor pursuits. Whether it’s the classic wear, snow sports, or motorcycling, Beartek has designed specific styles to suit each activity, ensuring optimal performance and comfort. These gloves have gained recognition and endorsements from major media channels like CBS, CNBC, Mashable, and Gizmodo, further solidifying their reputation as a game-changing product in the tech and sporting communities.
“Beartek Bluetooth Smart Gloves offer a seamless and intuitive way to control your devices while keeping your hands protected and warm. They have become an essential companion for outdoor enthusiasts, providing a new level of convenience and safety.” – Tech Lifestyle Magazine
Reviews and Testimonials
The positive reviews of Beartek Bluetooth Smart Gloves have been overwhelming, with outdoor enthusiasts praising their exceptional functionality and reliable performance. Users have described the gloves as a breakthrough in wearable technology, providing a hassle-free experience and enhancing their overall enjoyment of outdoor activities.
Here are some testimonials from satisfied customers:
- “I can’t imagine skiing without my Beartek Bluetooth Smart Gloves. They allow me to effortlessly change my music and answer calls without missing a beat on the slopes. They are a game-changer!” – Sarah, avid skier
- “As a cyclist, I love the convenience and safety that Beartek Bluetooth Smart Gloves provide. No more fumbling with my phone while riding. I can effortlessly control my music and navigate hands-free. It’s truly amazing!” – Mark, passionate cyclist
With their innovative approach to smart glove technology, Beartek has successfully transformed the way outdoor enthusiasts engage with their devices. However, despite their initial success, Beartek faced challenges securing necessary funding and sustaining their business, impacting their long-term success.
BearTek’s Kickstarter and Partnership Journey
Before appearing on Shark Tank, Beartek made an ambitious attempt to launch their product through a Kickstarter campaign in 2012. Despite their best efforts, the campaign was unfortunately unsuccessful, and they faced setbacks in bringing their innovative gloves to the market.
However, Beartek didn’t let this discourage them. They persevered and later secured $90,000 in funding, which allowed them to continue their entrepreneurial journey. In their pursuit of success, Beartek formed a strategic partnership with the Maryland Center for Entrepreneurship. This collaboration proved to be a turning point for the company, helping them overcome initial challenges and establish their brand in the market.
These partnerships not only provided Beartek with the resources needed to refine and enhance their product but also opened doors to new opportunities and networks. By leveraging the expertise and support available through the Maryland Center for Entrepreneurship, Beartek gained valuable insights and guidance that propelled their growth.
Beartek Gloves Pricing
| Glove Style | Price Range |
|---|---|
| Classic Wear | $79 |
| Snow Sports | $99 |
| Motorcycling | $139 |
| Special Edition (with additional modules) | $250 |
Beartek gloves are available for purchase on Amazon at prices ranging from $79 for the classic wear style to $250 for the special edition with additional modules included. Customers can choose the style that best suits their needs and budget, whether they are looking for gloves for everyday use, snow sports, or motorcycling.
The strategic partnerships and careful consideration of pricing options have played a crucial role in Beartek’s ability to reach a wide range of customers and establish a strong presence in the market.
Despite the challenges they faced early on, Beartek Bluetooth Smart Gloves have continued to captivate the attention of outdoor enthusiasts and tech enthusiasts alike. Their commitment to innovation, resilience in the face of setbacks, and strategic partnerships have positioned them as a notable player in the wearable technology industry.
Analysis of BearTek’s Valuation on Shark Tank
The entrepreneurs behind Beartek Bluetooth Smart Gloves entered the Shark Tank seeking a $500,000 investment for 5% equity in their business. However, the sharks expressed skepticism towards the company’s valuation of $10 million. They believed that Beartek needed to expand beyond just gloves in order to justify such a high valuation.
Despite Beartek’s impressive revenue of $200,000 generated within 15 months, the sharks felt that the market may have already surpassed the need for this specific technology. This valuation ultimately deterred the sharks from making a deal with the entrepreneurs, highlighting the challenges Beartek faced in securing further investment.
While Beartek had proven revenue and innovative products, their valuation became a stumbling block in their journey on Shark Tank.
Quotes from the sharks:
“$10 million valuation for just gloves is high.”
“I think the market has moved us now past the need for this particular technology.”
In order to secure investment and move forward, Beartek would need to demonstrate the potential for expansion beyond their current product line.
Beartek’s Post-Shark Tank Journey
After their appearance on Shark Tank, Beartek took their entrepreneurial journey in a new direction. They launched an IndieGoGo campaign with the goal of raising additional funds to take their business to the next level. The campaign successfully raised $60,000, demonstrating the continued interest and support for their innovative product.
However, despite the initial success of the campaign, Beartek made the difficult decision to refund all backer funds. This move was part of a strategic decision to put the company on hold while they explored opportunities to find the right partners and investors who could provide the necessary resources to propel their business forward.
In May 2019, there was a noticeable shift in Beartek’s online presence as their website became inactive. This change suggested a decline in their business operations, leaving many wondering about the future of the company.
Despite the uncertainties, one thing remains constant – the availability of Beartek Bluetooth Smart Gloves. As of November 2021, these innovative gloves can still be purchased on Amazon, offering users the ability to control their devices with ease and convenience.
Beartek’s post-Shark Tank journey serves as a reminder of the challenges that entrepreneurs face in navigating the business landscape. While their story may have taken unexpected turns, the impact of their product and the possibilities it presents continue to resonate with tech enthusiasts and outdoor adventurers alike.
Stay tuned for more updates on Beartek and their entrepreneurial journey!
The Future of Beartek: Looking Beyond the Sharks
“Our experience on Shark Tank was invaluable and gave us the exposure we needed to make a mark in the industry. While we didn’t secure a deal, we remain grateful for the support and interest we received. We are committed to exploring new avenues and partnerships to bring our innovative products to the market.” – Willie Blount, Co-founder of Beartek
Other Companies Featured in Season 7 Episode 16
While Beartek did not secure a deal on Season 7 Episode 16 of Shark Tank, there were other companies featured in the same episode. These companies presented their unique products and pitches, showcasing their innovative solutions and entrepreneurial spirit. Here are some of the other products showcased:
- R. Riveter: A company that produces handcrafted handbags, empowering military spouses and creating job opportunities.
- Major Mom: A professional organizing service that helps busy individuals declutter their homes and spaces.
- Combat Flip Flops: A brand that sells stylish and durable footwear, with a portion of the profits supporting education and landmine clearance in conflict-affected areas.
- Poplight Renter Friendly Lighting: A company that offers versatile lighting solutions for renters, allowing them to brighten up their homes without damaging walls or fixtures.
While these companies had their own unique journeys and outcomes on Shark Tank, the focus of this article remains on Beartek Bluetooth Smart Gloves and their experience on the show.
Final Thoughts on Beartek Bluetooth Smart Gloves
Beartek Bluetooth Smart Gloves offer a groundbreaking solution for controlling your smartphone and camera without the need to remove your gloves. These innovative gloves have received positive reviews and gained popularity among outdoor enthusiasts.
Despite facing challenges after their appearance on Shark Tank, Beartek made a lasting impact in the market. The gloves have proven to be a convenient and practical accessory for individuals engaged in various outdoor activities.
Although Beartek did not secure a deal on the show, their product’s success speaks for itself. The gloves have garnered a loyal customer base and continue to be available for purchase on Amazon.
Positive Reviews and Popularity
Beartek Bluetooth Smart Gloves have been well-received by both tech enthusiasts and outdoor adventurers. The gloves provide a seamless and efficient way to control your devices, all while keeping your hands warm and protected.
“The Beartek gloves are a game-changer. They offer a unique solution for using your smartphone on the go, allowing you to stay connected without sacrificing comfort or safety.” – Mashable
These gloves have found success among skiers, cyclists, and other outdoor enthusiasts who appreciate the convenience and functionality they offer. With their intuitive touch points and compatibility with various devices, Beartek gloves have become a must-have accessory for those seeking a hands-free experience.
The Future of Beartek Bluetooth Smart Gloves
While Beartek continues to make their gloves available for purchase, the future of the company remains uncertain. Despite the setbacks faced after their appearance on Shark Tank, the impact they have made in the market cannot be ignored.
As technology continues to advance, there will always be a demand for innovative gadgets and accessories. Whether or not Beartek can sustain their business and expand their product offerings remains to be seen.
However, one thing is certain – Beartek Bluetooth Smart Gloves have proven to be a game-changer in the world of wearable technology.
If you’re an outdoor enthusiast looking for a convenient and hands-free way to control your devices, Beartek gloves are worth considering. With their positive reviews, popularity, and availability on Amazon, these gloves can enhance your outdoor experience while keeping you connected.
Explore More Products from Shark Tank Season 7
Shark Tank Season 7 showcased a plethora of innovative products and visionary entrepreneurs. If you’re intrigued by the entrepreneurial spirit and want to discover more exciting ventures, we encourage you to explore the range of products featured on the show. Our website’s Season 7 Products Page offers additional information on the various companies and their unique innovations.
By delving into the world of Shark Tank Season 7, you can uncover a treasure trove of ingenious solutions that captivated both the sharks and the audience. From groundbreaking gadgets to innovative services, each product has its own captivating story and potential to make an impact.
Whether you’re seeking inspiration, considering investment opportunities, or simply enjoy reading product reviews, the Season 7 Products Page will provide you with a wealth of information. Dive into the fascinating world of Shark Tank’s seventh season and witness the creativity and determination of entrepreneurs as they strive to bring their visions to life.
FAQ
Who created Beartek Bluetooth Smart Gloves?
Beartek Bluetooth Smart Gloves were created by entrepreneurs Willie Blount and Tarik Rodgers.
What do Beartek Bluetooth Smart Gloves do?
Beartek Bluetooth Smart Gloves allow users to control their smartphones without having to touch the phone.
Did Beartek secure a deal on Shark Tank?
No, Beartek did not secure a deal on Shark Tank Season 7.
Why did Beartek not secure a deal?
The sharks were hesitant due to the high valuation of million.
How much revenue did Beartek generate before appearing on Shark Tank?
Beartek had 0,000 in sales in the 15 months before filming.
Are Beartek Bluetooth Smart Gloves still available for purchase?
Yes, the gloves are still available for purchase on Amazon.
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