Shark Tank US | 10-Year-Old Entrepreneur Wows Sharks With Her Baby Spoon Product

Summary

In this inspiring episode of Shark Tank, 10-year-old Cassidy Crowley from Honolulu pitches her innovative product, the Baby Tune—a safe, soft silicone spoon designed to prevent accidents while self-feeding. With a heartfelt story of her motivation stemming from her baby sister's struggles with traditional spoons, Cassidy impresses the sharks with her prototype and the product's sales history. Despite some sharks opting out due to the niche market, she ultimately secures a $50,000 investment for a 50% stake in her company, marking a significant milestone in her entrepreneurial journey.

Takeaways

• 🌟 Cassidy Crowley, a 10-year-old from Honolulu, Hawaii, seeks $50,000 for 50% of her company, Baby Tube.
• 👶 The Baby Tube is designed to be a safer and more user-friendly alternative to traditional baby spoons.
• 🧩 The product combines the features of a spoon and a pacifier clip, preventing it from being thrown on the floor.
• 🇺🇸 Baby Tube is made from 100% soft silicone and is manufactured in the USA, making it gentle on babies' gums.
• 📈 Since its launch in September 2018, the company has generated $5,000 in sales.
• 💰 The production cost of the Baby Tube is $6.60, and it retails for $15.
• 💡 Cassidy aims to inspire other kids to pursue their entrepreneurial dreams and recognize opportunities for creativity.
• 🧠 The sharks are impressed by Cassidy's poise and entrepreneurial spirit at such a young age.
• 🤝 After discussions, Lori Greiner offers Cassidy $50,000 for a 50% stake in the business.
• 🎉 Cassidy's excitement highlights the emotional impact of achieving her dream of appearing on Shark Tank and securing investment.

Q & A

What inspired Cassidy to create the Baby Tune?

Cassidy was inspired to create the Baby Tune after noticing her baby sister, Emily, poking herself with a traditional spoon, which led her to design a safer alternative.

What materials are used in the Baby Tune?

The Baby Tune is made of 100% soft silicone, ensuring it has no sharp edges and is gentle on babies' gums.

How does the Baby Tune prevent being thrown on the floor?

The Baby Tune can be attached to a baby’s clothing using a pacifier clip, which prevents it from being thrown on the floor.

How long has Cassidy been selling the Baby Tune?

Cassidy and her mom have been selling the Baby Tune since September 2018.

What are the production costs and selling price of the Baby Tune?

The total production cost of the Baby Tune is $6.60, and it sells for $15.

What was Cassidy's goal for appearing on Shark Tank?

Cassidy's goal was to inspire other kids to be open to opportunities for creativity, showcasing her journey as a young entrepreneur.

What did the sharks think of Cassidy's presentation?

The sharks were highly impressed with Cassidy's poise, knowledge, and entrepreneurial spirit, acknowledging her as a remarkable young entrepreneur.

What offer did Kevin O'Leary make to Cassidy?

Kevin O'Leary offered Cassidy $50,000 for a 50% stake in her company, which she accepted.

What unique feature does the Baby Tune have for teething babies?

The soft silicone material of the Baby Tune makes it suitable for teething, as it is gentle on babies' gums.

How did Cassidy's experience at the science fair contribute to her business?

Cassidy's participation in a local science fair at the age of seven was where she first developed the concept for the Baby Tune, fostering her interest in entrepreneurship.