What Happened To The Freeloader After Shark Tank?

Engineers Erick Jansen and Nathan Jones from Austin, Texas, introduced the Freeloader, a lightweight infant carrier developed for Shark Tank episode 503.

The manufacturer described the Freeloader as “a child carrier, baby backpack, and hiking carrier all rolled into one.”

The Freeloader was created by the two fathers to allow them to easily tote their children when they became too tired to walk while also providing a daypack-sized storage room for carrying supplies as needed.

You can fold out the seat as soon as the children get tired and carry them on your back.

Jones rode on Jansen’s back in one of the company’s advertising videos while it was intended for children ages 2 to 8. It can carry children up to 80 pounds.

The two men used Indiegogo as a campaign tool to raise funds for their startup back in July 2012. They raised $32K to produce the first run of Freeloaders in July 2013.

A Shark could help them get out of this tight spot by lending them money from their first run or using the money from their second run to fund their third run.

What Is The Freeloader?

The Freeloader is a kid carrier designed to be ultra-light, highly portable, safe, and durable for active families.

The padded, curved shoulder straps and the padded waistband of this kid carrier allow it to carry far more weight than any other kid carrier while evenly distributing it.

Moreover, the Freeloader is designed with your child’s safety in mind and is equipped with a five-point harness system to prevent a fall.

The Freeloader is an ultra-sleek child seat carrier that can accommodate children weighing 80 pounds. 

The Freeloader Shark Tank Update

The youngster is secured and safe using a five-point harness. The Freeloader secures your youngster in a chair that is held safely and securely on your back.

The shoulders are effective, but the piggyback never is. Nathan and Erick developed the idea from their experience as firefighters accustomed to carrying heavy loads on their backs.

Company NameThe Freeloader
EntrepreneurNathan Jones and Eric Jansen
Product / Businesskid carriers, backpacks, and travel tools
Investment Asking For$200,000 for 15% equity in The Freeloader
Final Deal$200,000 for 33% equity in The Freeloader
SharkRobert Herjavec
Episode Season 5 Episode 3
Business StatusIn Business
WebsiteVisit Website

Who Is The Founder Of The Freeloader?

The Freeloader was founded by firefighting fathers Erick Jansen and Nathan Jones from Austin, Texas.

They describe it as “a child carrier, a baby backpack, and a hiking carrier all rolled into a single package.”

Regardless of his age, you don’t want to carry someone, whether he’s a kid or a man.

Two firefighters eventually came up with a solution called The Freeloader, which is similar to a backpack but does something radically different than any other backpack.

The Freeloader Before Shark Tank

According to the company’s website, Erick Jansen developed the Freeloader Child Carrier as he walked through the streets of Paris with his daughter Sam at the age of four.

The majority of the time, Sam was able to continue hiking through the city each day, but eventually, she would meet a wall and have to stop for the day.

It was important to him to design a carrier that would ensure everyone in the family would be able to share the experiences at all times.

He decided to develop a lightweight, portable infant carrier that was tiny but could be folded down for the convenience of storage and transportation.

The ideal device would be adaptable and compact to expand your experience without compromising your comfort, safety, or ease of use.

The perfect carrier would be one that would allow the entire family to take part in the adventure!

How Was The Shark Tank Pitch Of The Freeloader?

Erick Jansen and Nathan Jones appeared on Shark Tank seeking an investment of $200,000 in exchange for a 15 percent stake in The Freeloader.

The company’s founders claim that the device was developed out of the frustration of traveling with older children who are not toddlers but have difficulty walking for long distances. The carrier can accommodate youngsters weighing up to 80 pounds.

Robert Herjavec puts the harness through its paces with Jones’ kid, River. He says it’s comfy for him.

In order to avoid falls and evenly distribute the weight, the carrier is equipped with a five-point safety harness. This makes it easier to transport a large older child.

Herjavec is persuaded that “it’s a fantastic idea” and is interested in learning more about sales. The two launched a Crowdfunding campaign and raised more than $40,000.

Jansen says their carrier is two pounds lighter than the average weight of carriers currently available, easing Lori Greiner’s concern about weight.

Cuban believes they should test for more than a year before embarking on another fundraising campaign. His decision to leave the company is because he thinks it is too early for the product to reach the market.

As far as she is concerned, there is no chance for the carrier to sell without a demonstration, and the window of opportunity during which it will be useful to parents is extremely limited. She is out.

Lori Greiner is a fan of the couple and enjoys assisting firefighters, but she is concerned about responsibility and safety concerns. She’s no longer here.

Kevin O’Leary believes that the production and safety issues can be resolved, but he agrees with Mark Cuban that it is too soon to invest in the effort required to market, and he isn’t willing to fund it. He has left.

Robert Herjavec is enthusiastic about the product, although he does not “believe it is a firm today, but rather a journey.”

However, he “sees it as a partnership” because he enjoys the product and the firm.

He offers them $200,000 for 33 percent ownership of the company. The pair agree, and The Freeloader receives a Shark deal.

Final Deal: Robert Herjavec agreed to invest $200,000 for 33% equity in The Freeloader.

What Happened To The Freeloader After Shark Tank?

This Freeloader campaign took off like wildfire, covering the internet and a few television marketing channels simultaneously.

Robert’s funding has enabled The Freeloader to launch in various stores, such as Kohl’s and several JCPenney’s, both large outlet stores in the United States that offer mostly clothing.

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Freeloaders are expected to continue to evolve, and I think The Freeloader may become the future design in terms of function and appearance.

Many new features have been added to the Freeloader’s latest models, including stirrups, handles, and more pockets.

The Freeloader Shark Tank Update

Although Herjavec was enthusiastic about the company and provided significant value in terms of marketing expertise and contacts, Jansen and Jones decided that giving up 33 percent of the company was too much equity to give up. Herjavec eventually left the company.

The agreement they had made with Shark was not fulfilled. Instead, they obtained finance from other sources and have continued to spend on developing and manufacturing their product.

The Freeloader Shark Tank Update

Freeloader’s harness system has been improved since the entrepreneurs presented on Shark Tank, and stirrups have been added to make it more comfortable for riders.

Their business is expanding, and they have been approached by families with special-needs children, a market not featured on Shark Tank, which the pair believes has great potential.

Freeloader developers are carving out their niche and growing their company, expertly navigating the waters of commerce without support from a Shark. 

According to their website, the Freeloader is still operating as of April 2022. The total amount of sales of The Freeloader throughout a lifetime is $5 million.

Is The Freeloader Still In Business?

Robert Herjavec and the Freeloader did not finish their agreement after the show because they thought they had invested too much ownership in the company to give it up.

Their products are sold through their website and Amazon once they have negotiated licensing agreements. The company continues to grow.

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Jansen and Jones decided that 33 percent of the offer was too much to give away and withdrew from the deal after the episode of Shark Tank aired.

You can choose from three different color options for the Freeloader: yellow, gray, and blue. The prices range from $279 to $379.

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