George Conway goes into the shark tank to raise money for his “add-on seats” for pick-up trucks.
A pick-up truck seat is the only one that meets or exceeds all the Federal Motor Vehicle Safety Standards for passenger seating. Conway started his business in 2009, and now it’s the only one left.
Your truck can be converted into a kind of SUV if you have BedRyder.
The BedRyder seats can be installed in 99.9% of trucks with beds. Seat belts and cup holders are available on the very stable seats.
This is almost a must-have item for people who need a pickup truck and need extra seating occasionally.
Conway patents the BedRyder, and he sells it on his website and through other online retailers.
BedRyder doesn’t offer much money. The fact that you can fit it in any pickup means it’s likely to last for more than one vehicle.
There is a possibility that Conway is looking to reduce manufacturing costs and add parts to the automotive aftermarket supply chain.
Can a Shark ride on a BedRyder?
What Is BedRyder?
The BedRyder is a piece of hardware that’s unique to pickup trucks. The pick-up truck is equipped with two seats with seat belts.
BedRyder weighs 65 lbs and can be used on any truck. It is very easy to install and remove. It is also very lightweight.
You didn’t want to sit in the back of a pick-up truck because it was unsafe. This is why BedRyder was invented in 2008. The seat is designed for the bed of a pickup truck.
BedRyder seats qualify for use in all 50 states under federal motor vehicle safety regulations, the manufacturer says.
It is easy to disassemble each unit, and the unit fits in any truck with or without a canopy. It also comes with a race car-style harness.
|Product||Seating system for pickup trucks|
|Investment Asking For||$200,000 For 15% equity in BedRyder|
|Final Deal||No Deal|
|Episode||Season 6 Episode 21|
|Business Status||In Business|
Who Is The Founder Of BedRyder?
George Conway and Carey Hyde are the founders of BedRyder. They are longtime friends who have been friends for over 40 years and have embarked on a new partnership journey.
Conway is the sales and marketing leader, while Hyde is the majority shareholder and manages operations.
People who own trucks want a safe way to transport their kids and pets. Hyde and Conway struck upon a new and safe way to accomplish this.
It took them eight weeks to find enough materials to make a working prototype, which they tested in various situations to make sure it was safe. Those tests were successful.
An expert in automotive forensics was also hired to ensure all safety regulations were followed.
Whenever they had a chance to show off their idea, their friends took advantage of it. Getting a $200,000 investment for 15% of the company is the goal.
BedRyder Before Shark Tank
George Conway is the CEO of BedRyder, the company that sells beds in Chattanooga, Tennessee.
He wants 15% of his business in exchange for $200,000 in cash. So he’s here at Shark Tank. George begins with a story about riding in the back of a pick-up truck.
It hasn’t been safe to ride in the back until now, but now it is. The model pick-up truck behind George has two seats and belt buckles, which George throws out of the back.
It is stated in the video that George is 53 years old. The BedRyder isn’t that heavy to lift even then.
Lori asks George if anything is inside the truck mounting the BedRyder.
George says the BedRyder is mounted with three bolts, but the user must drill holes in their truck to secure it.
This type of vehicle is known as a “Truck Utility Vehicle” because it combines the convenience of an SUV with the utility of a pickup truck.
When a truck and SUV collide at an intersection, this is what they make: a BedRyder.
Lori asks George if he has done any crash testing or other testing. George says he has done some testing himself, but only accidentally.
George, Cary, and their two sons attended a NASCAR race. His best friend was also there. All of the people in the truck were fine. The car was damaged “fairly badly,” but no one was injured.
How Was The Shark Tank Pitch Of BedRyder?
George reached Shark Tank seeking an investment of $200,000 for a 15% stake in BedRyder. He shows off the BedRyder.
It is necessary to drill three holes in the BedRyder truck bed before being attached. He talks about what a “TruckUV” is. When George isn’t making things, he is selling them.
Many people are going to sue over this product, Mr. Wonderful thinks. Since 2010, they’ve sold 800 units.
Most of the business belongs to George’s best friend, the inventor. He owns 85% of the business, and George owns 15%. In six months, George joined the team. He has a plan.
He makes them and sells them for $300. The cost of production is reduced by making more items at once.
Lori is afraid of accidents, so she avoids being around when things go wrong.
Mr. Wonderful suggests he do this. There is no point in him driving the truck off a cliff since he is out.
Mark isn’t interested if he believes it will be costly.
Robert likes this product but will not use it in this case.
Barbara is not interested in this idea because she is unsure what she will buy into.
There was no agreement between BedRyder and Sharks.
What Happened To BedRyder After Shark Tank?
BedRyder is still available for purchase, but the company is struggling financially.
It ost around $700 when BedRyders first appeared, but now new models sell for $749.
BedRyder’s ethical practices are in question since the site has only 4 reviews, all of which are rated 5 stars.
George and Cary may have asked their friends to write a review that isn’t honest or ethical.
BedRyder now comes with a color harness that you can choose from black, red, or blue. It also comes with many extra features, like weather cover seats and even a new installation kit.
BedRyder will ship your order for free if you live in the continental United States. The last review of BedRyder was written in October 2015. BedRyder could be about to go out of business because it is in debt.
BedRyder Shark Tank Update
George Conway, the sales manager of BedRyder, appeared on Shark Tank in March 2015 to pitch the company.
He walked into the Tank and asked for $200,000 in exchange for 15% of the company.
However, he convinced Lori Greiner and Robert Herjavec to try it out. However, he was not offered a deal to appear on the show.
The creator of BedRyder, Carey Hyde, didn’t let that stop him from trying to improve the product!
BedRyder made new seats in June of 2018. BedRyders can be stored under a Tonneau cover or hung flat on a garage wall when not in use because they are totally padded and fully reclined.
Is BedRyder Still In Business?
BedRyder’s business grew by more than 200 percent in sales even though they didn’t get a deal on Shark Tank.
Hyde’s LinkedIn page indicates that Bed Ryder is still in business and has products available at stores like J.C. Whitney.
The business initiative demonstrates simplicity in action and is innovative and brilliant.