Walkee Paws Shark Tank Net Worth

Walkee Paws is a pet product featured on Season 12 of the television show Shark Tank. This product is a set of dog leggings designed to protect your pet’s paws from outdoor hazards, harsh weather conditions, and even indoor floor slips.

The way Walkee Paws works is simple yet effective. The leggings are made from a special four-way stretch fabric for the upper part, creating a comfortable fit for any dog size.

Attached to the leggings are rubber booties, offering a secure grip and protection for the paws. An adjustable connector over the dog’s back ensures the leggings stay in place during walks.

Walkee Paws boasts several key features that make it stand out. First, its patented design is the first of its kind, providing full leg coverage instead of just the paws. This means your pet’s legs stay clean, reducing the need for post-walk cleanups.

The rubber booties are also waterproof and designed to protect your pet’s feet from sharp objects, hot pavement, or cold snow. But perhaps what makes Walkee Paws a good choice is its focus on practicality and style.

Walkee Paws serve a functional role in pet care and come in various trendy patterns and colors, so your dog can strut in style while staying safe and clean.

So whether you’re a dog parent tired of dirty paw prints in your house or worry about your pet’s paws on your daily walks, Walkee Paws could be a great solution.

Company NameWalkee Paws
EntrepreneurLisa Baronoff
Product / BusinessLeggings and booties for dogs
Investment Asking For$150,000 for 5% Equity in Walkee Paws
Final DealNo Deal
SharkNo Shark
Episode Season 12, Episode 15
Business StatusIn Business
WebsiteWalkee Paws Website
Net Worth$1 Million

What Is Walkee Paws?

Walkee Paws is an innovative pet product that protects your dog’s paws and legs from outdoor elements and indoor slips. It’s essentially a set of dog leggings with attached booties, providing comfort and safety for your furry friend.

The design of Walkee Paws is unique and patented. The upper part of the leggings is made from a special four-way stretch fabric that ensures a comfortable fit for any dog size.

The leggings are attached to rubber booties that offer a secure grip and protect the dog’s paws from environmental hazards like sharp objects, hot pavement, or cold snow. An adjustable connector that crosses over the dog’s back keeps the leggings in place, even during active walks.

Walkee Paws Shark Tank Update | Walkee Paws Net Worth

This product offers full leg coverage, not just paw protection, which makes it stand out in the market. This helps to keep your pet’s legs clean, reducing the need for post-walk cleanups. The rubber booties are waterproof and designed to withstand everyday wear and tear.

In addition to their practicality, Walkee Paws leggings come in various trendy patterns and colors. This means your dog can be stylish and safe at the same time. If you’re a pet parent concerned about your dog’s paws during walks or tired of cleaning dirty paw prints in your house, Walkee Paws may be a great solution.

Who Is The Founder Of Walkee Paws?

Lisa Baronoff is the founder of Walkee Paws. She has an extensive marketing and brand management background, with over 20 years of experience working with renowned companies such as Fisher-Price and Avon Products.

Baronoff’s love for dogs and business acumen led her to create this unique pet product. The idea for Walkee Paws was born from Baronoff’s personal experience and need.

Living in New York City, she was concerned about the harmful chemicals and general dirt her Cocker Spaniel, Toffee, could pick up during their walks. She wanted a solution to keep Toffee’s paws clean and safe without compromising comfort.

Baronoff started experimenting with different home designs, using children’s tights to create the prototypes. After many iterations and testing, she finally developed a comfortable design for Toffee and efficiently kept his paws clean. This was how Walkee Paws was conceived.

Before appearing on Shark Tank, Walkee Paws had already gained some traction. The product was appreciated by dog owners for its unique approach to paw protection, combining practicality with style.

The various patterns and colors available made the product trendy and appealing. The business was primarily online-based, selling the product directly to consumers through the Walkee Paws website.

The appearance on Shark Tank gave Baronoff and Walkee Paws a platform to reach a larger audience and secure potential investment for further growth.

How Was The Shark Tank Pitch Of Walkee Paws?

Walkee Paws Shark Tank Presentation Summary

Walkee Paws, founded by Lisa Baronoff, presented their innovative dog booties to the Sharks on Shark Tank on February 26, 2021. Baronoff was seeking an investment of $150,000 for a 5% stake in her company, valuing Walkee Paws at $3 million.

Walkee Paws Shark Tank Net Worth

Baronoff began her pitch by emphasizing that Walkee Paws were the first dog leggings designed to stay in place and protect the paws from harmful elements.

She shared that within a few months of starting the business, Walkee Paws had already earned $64,000 from sales, which increased to over $500,000 in 2019 and $1 million in 2020.

The Sharks’ Views on the Product:

The sharks were impressed with Walkee Paws, recognizing the product as a protective solution for dogs’ paws. They appreciated Baronoff’s innovation, but not all were interested in investing in it.

Kevin O’Leary was the most intrigued shark, presenting two different offers. The first was $150,000 for a 5% stake in the company, plus a $2.70 royalty per unit sold, decreasing to $.50 after the initial investment was recouped. The second offer was a straightforward $150,000 for a 20% stake in the company.

Mark Cuban admired the idea of Walkee Paws but did not feel it was a product for him; therefore, he was out. Barbara Corcoran asked Baronoff what she would use any investment for, to which Baronoff replied that she would channel it into sales.

Corcoran, however, felt that Baronoff didn’t need a partner and opted out. Lori Greiner also loved the concept of Walkee Paws but didn’t consider it the right investment for her and decided to pass.

Final Deal:

After hearing from all sharks, Baronoff was left considering O’Leary’s offers. She proposed a counteroffer to O’Leary of $150,000 for a 10% stake in the company. However, O’Leary was firm on his initial offers.

After some contemplation, Baronoff decided not to exceed the 10% investment stake and wasn’t interested in dealing with royalties. Consequently, she declined O’Leary’s offers, leaving the Tank without a deal.

What Happened To Walkee Paws After Shark Tank?

Despite leaving Shark Tank without a deal, Walkee Paws continued to thrive. As of 2023, the business is still active and seems to have expanded its product range. Customers can now find the original dog leggings, socks, puffer coats, raincoats, and leashes on Amazon and the company’s website, WalkeePaws.com.

The company has also launched new designs and fits for its leggings, including adjustable drawstrings for a more comfortable fit. A new collection called ‘My Doggie & Me’ has been added to their offerings.

Walkee Paws made a significant business move by partnering with Pricestack, which resulted in a revenue increase of about 57% and a profit boost of 71%. The company also attracted interest from the online pet retailer Chewy and businesses in Argentina and Japan.

In terms of customer relations, Walkee Paws has been active on social media platforms like Instagram, hosting contests such as the Howl-Ween Contest and the Walkee Wag Challenge.

However, it’s worth noting that the company has stopped offering free returns and slightly increased its prices. Despite these changes, Walkee Paws is on a positive trajectory, continuing to fulfill its mission of making “fashion-functional ways to make walks with your best friend even more fun.”

Walkee Paws Shark Tank Update

After her appearance on the Shark Tank show, Lisa Baronoff’s Walkee Paws experienced a significant boost in sales. Even though she didn’t secure a deal with any of the Sharks, the show’s exposure helped promote her product to a wider audience.

Lisa projected her sales would double by July 2021 compared to the previous year, reaching around $2 million. The success of Walkee Paws can be seen through the positive customer reviews and the product’s popularity on Amazon.

Post Shark Tank, Walkee Paws also gained media attention and was featured on channels like NBC, The Dodo, and Good Morning America. These features likely enhanced its visibility and sales.

Walkee Paws continues to operate and accept orders through its website and Amazon. The product continues to be in demand among pet owners looking for a way to protect their dogs’ paws from harmful substances outdoors.

However, the market has seen increased competition, with other companies introducing similar products. Despite the competition, Walkee Paws continues to hold its own due to its uniqueness and the quality of its products.

Walkee Paws Shark Tank Update | Walkee Paws Net Worth

As for the company’s net worth, while Lisa Baronoff stated a $3 million valuation on Shark Tank, it’s estimated to be around $1 million. This estimate is based on the sales and revenue the company has generated since its inception.

The Walkee Paws Instagram account currently has 16.6k followers, and the company maintains an active presence on the platform, regularly updating its followers about new products and offers. This suggests a strong and engaged community of customers and followers.

Overall, the journey of Walkee Paws’ post appearance on Shark Tank has been quite successful, with a substantial increase in sales and continued business expansion.

Is Walkee Paws Still In Business?

Yes, Walkee Paws is still in business. You can check their products and make purchases through their official website. They continue to offer various products such as outdoor leggings, indoor leggings, harnesses, and even matching accessories for dog owners. They are actively marketing their products and appear to be doing well.

Walkee Paws, as a company, has continued to thrive after its appearance on Shark Tank. The business is still operational and has expanded its product line since its inception. Here’s a more detailed look at their offerings:

  • Outdoor Leggings: These protect dogs from various outdoor elements like snow, rain, hot pavement, and harmful germs. The leggings are made of stretchy, water-resistant material and feature waterproof rubber soles.
  • Indoor Leggings: These are meant for dogs needing extra support and grip indoors, particularly on slippery surfaces. They are designed to be as easy to put on and comfortable as the outdoor version.
  • Reversible Harness: This is a 2-in-1 product that pairs well with leggings. It’s designed to fit seamlessly over the leggings and features a D-ring attachment to ensure it stays secure.
  • Doggie and Me Products: This range allows owners to match their dogs. It includes masks available in classic patterns and matching leggings for ladies.

Walkee Paws continues to innovate and expand its offerings, focusing on dogs’ comfort and protection while incorporating style and fashion into its designs. They also appear to maintain a robust online presence, and their products are available on their official website.

What Is the Net Worth Of Walkee Paws?

According to our research, the net worth of Walkee Paws is estimated at $1 million. The valuation of Walkee Paws was $3 million when it appeared on Shark Tank.

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