Napwell is a wearable technology that Justin Lee and Neil Joglekar presented on the Shark Tank in episode 619.
Napwell is an intelligent eyeshade with which you can keep track of your nap time, and when it’s time to get up, you’re woken up by the interior lights gradually brightening.
What Is Napwell?
Napwell was a sleeping mask equipped with an integrated alarm clock. The Napwell is a system that uses graded lights to gently wake you up so you feel refreshed after a good night’s sleep. Engineers designed it at MIT and Stanford.
The LED lights slowly brighten in the Napwell to gently wake you without disturbing your companion or setting off a loud alarm.
Napwell can be used for both naps and nocturnal sleep, thanks to the countdown timer.
This sleep mask is made of silky soft materials that hug the face softly while leaving room for the eyes. This area is crucial for REM sleep to occur uninterrupted.
The Napwell’s electronic components are enclosed inside removable inserts, making the mask washable for prolonged use.
|Entrepreneur||Neil Joglekar and Justin Lee|
|Product||Sleeping Mask For Gradual Awakening With Lights|
|Investment Asking For||$100,000 for 10% equity in Napwell|
|Final Deal||No Deal|
|Episode||Season 6 Episode 15|
|Business Status||Out Of Business|
Who Is The Founder Of Napwell?
Justin Lee (MIT) and Neil Joglekar (Stanford) are the founders of Napwell who appeared on Shark Tank to present their invention Napwell.
Napwell Before Shark Tank
Neil Joglekar was an established entrepreneur who had built two profitable businesses. The Stanford grad founded Cardinal Tutors, a successful Bay Area tutoring service, and Reelsurfer, an online video editing program.
Justin Lee, a former classmate, also had an outstanding resume when reconnected with him in 2013.
Justin has a Bachelor of Science degree in physics from MIT and a Doctorate in Health, Science, and Technology, a combined Harvard-MIT program.
Justin was featured on CNN previously for launching a digital camera into orbit to photograph Earth. Justin spent just $150 on the project.
Their goal was to develop a product to help people lead more productive and efficient lives.
They started without any idea of a specific product in mind; rather, they started with a problem, namely the lack of efficiency in various variables, and sought a solution.
They concluded that lack of sleep and abrupt waking were the leading contributors to inefficiency for most people.
A sudden waking is frequently accompanied by sleep inertia or a foggy feeling caused by interrupted sleep cycles.
Napwell is a sleeping mask designed by entrepreneurs that simulates a slow sunrise to awaken the user gently.
They envisioned the Napwell as a power napping device by busy professionals and went to the crowd-funding site Kickstarter to help cover early setup and production costs for the Napwell.
The Kickstarter campaign officially launched in December 2013 for $30,000. When the campaign concluded 40 days later, the Napwell firm had raised more than $50,000 from over 750 backers. T
The Kickstarter campaign quickly gained another unexpected result when producers saw it of Shark Tank, and the couple was encouraged to present their idea to the sharks.
How Was The Shark Tank Pitch Of Napwell?
Neil and Justin appeared on Shark Tank requesting an investment of $100,000 in exchange for a 10% stake in Napwell.
Neil and Justing left the Shark Tank stage without getting any deal from the Sharks.
Final Deal: No deal between Napwell and Sharks.
What Happened To Napwell After Shark Tank?
Neil was disappointed that the sharks did not share his vision for the firm after the show.
Justin admits that he and he could have been more convincing to convince the sharks that Napwell had an enormous market, but he knows that the company would thrive without their help.
Regrettably, the organization has not accomplished much in the 18 months since the broadcast of the Napwell program.
Napwell masks have been delayed in being delivered to backers of the original Kickstarter campaign.
Napwell still told backers who hadn’t yet received their masks on May 30th, 2016, that the last batch of 550 masks would be delivered in July 2016.
The Kickstarter campaign provides additional updates about the final production run, but they are visible only to earlier backers of the project.
This leaves the causes of the production delays affecting Napwell unknown for now.
It is possible to pre-order a Napwell mask through the company’s website, but customers are informed that delivery may be delayed until September 2015; together with the updates on Kickstarter, this suggests that relatively few Napwell masks have been pre-ordered.
The entire Napwell operation bears the appearance of being left to stagnate and expire.
Neil and Justin have not promoted the Napwell mask in any way since their segment aired, and they will likely move on to more profitable endeavors once they have fulfilled their obligations to the Kickstarter crowd that helped them launch the business in the first place.
When viewing Neil Joglekar’s Twitter account, this suspicion grows much stronger.
Napwell does not receive any mentions from the 9,000 followers he tweets regularly.
Neil may be realizing Napwell is not viable and will abandon the project once the final batch of masks purchased is delivered.
There is a possibility that, after the agony of being rejected by the sharks, Neil and Justin decided it was best to let Napwell die gently, avoiding the pain of a long-drawn-out death.
Napwell Shark Tank Update
Napwell got a little boost after its appearance on Shark Tank. However, the hype about Napwell was short-lived.
Napwell went out of business within an year after its appearance on Shark Tank.
The cloud-based startup CrossLead, founded in 2011 by retired General McChrystal, has hired Neil Joglekar as its Head of Product.
Most people know the General for commanding US forces in Afghanistan from 2009 to 2010.
McChrystal has been building cloud-based productivity tracking software for businesses since he retired. He utilized his experience in transforming the US counter-terrorism campaign.
Joglekar’s role at CrossLead is to develop new products based on the software. McCrystal runs about seven to eight kilometers a day, eats only one meal a day, and sleeps four hours a night.
Do you believe he’s ever had a poor power nap?
Joglekar now collaborates with Microsoft and Mozilla at BrowserStack, leaving CrossLead.
Lee obtained his doctorate in medical engineering and medical physics in 2017 from Harvard-Division MIT of Health Sciences and Technology.
Is Napwell Still In Business?
Napwell Sleep Mask is out of business as of 2022.
What Is the Net Worth Of Napwell?
The valuation of Napwell was $1 million when it appeared on Shark Tank. The net worth of Napwell is unknown as of 2022 since the company went out of business.