Washing your sheets is always a gamble. They might not get clean, or they might not dry properly — especially if they get wadded up. The Wad-Free device keeps your sheets from wadding up in the washer and the dryer and it’s simple to use! Will the sharks get all wadded up about this product? Read our Wad-Free update to find out.
Shark Tank Wad-Free Update
- Entrepreneur: Cyndi Bray
- Business: Device to keep sheets from wadding in the washer or dryer
- Ask: $200,000 for 5% equity
- Result: $200,000 for 5% equity with $1.50/unit royalty until $1 million is paid back
- Shark: Kevin O’Leary
We’ve all been there, your sheets come out of the dryer wet and tangled, and now you’re wasting time and electricity to wash them again. Cyndi Bray has figured out a solution to this maddening problem with her company, Wad-Free for Bed Sheets.
- Prevents sheets from tangling, twisting, and balling-up in both the washing...
- Loads come out cleaner, washer stays balanced, everything dries up to 75%...
The Wad-Free device traps the four corners of your flat or fitted sheet, preventing it from wadding up in the dryer, trapping other clothes, or getting tangled. It’s extremely simple to use and Cyndi has a utility patent, trademark, and copyright on the device.
She launched the product in June 2020 on Amazon, Walmart, The Grommet, and on her direct-to-consumer website. Since then, she’s done $513,000 in lifetime sales — and $38% of that is net profit. Cyndi herself is a safe bet, she has an MBA and ran her own business until her husband developed a brain tumor.
The sharks are impressed with these numbers, especially over such a simple product. However, Mark Cuban is out first, because he doesn’t wash his sheets often enough to use it. Robert Herjavec, likewise, is inspired by the entrepreneur’s story but doesn’t know how to help. So he’s out.
It’s Kevin O’Leary’s turn. He likes simple things (as he says) and makes a famous Mr. Wonderful royalty offer. He offers $200,000 for 10% equity with a $1.50 per unit royalty until he makes $1 million back.
Daymond John drops out at this offer because he says he can’t relate to the product. Lori Greiner, on the other hand, thinks that this is the perfect product for her. She wants infomercials, nationwide retail, and more — but she wants 25% equity for the $200,000 investment. The perks, she says, is that she’ll work day in and day out to sell the product.
This launches an all-out bidding war between Kevin and Lori. Each tries to explain that they can do it better than the other, talking over each other and changing offers around. Cyndi asks if Lori will drop to 10% equity, but she refuses. Kevin calls this greedy.
Cyndi wants to know that Kevin will put in the same day-in, day-out fight as Lori will, and he confirms that he will. He also drops the equity to 5% but keeps the royalty. Lori drops her equity ask to 20% with no royalty.
In the end, Cyndi accepts Kevin’s offer of $200,000 for 5% equity and $1.50/unit royalty until he makes $1 million. Was this the best move for her? Find out in our Wad-Free update.
Wad-Free was already on sale in Walmart, Amazon, The Grommet, and its website prior to airing on Shark Tank and was featured on the Today website, Apartment Therapy, BuzzFeed, Bustle, The Spruce, Southern Living, and even Reader’s Digest! It’s clear that most people believe that this is a genius product. In our Wad-Free update, we found that sales have increased a ton since the episode aired due to the Shark Tank effect. Will Mr. Wonderful make his $1 million in royalties quickly? We’ll let you know when we find out!
Before you leave, be sure to check out more Shark Tank Season 13 Episode 5 company updates:
For more on Shark Tank Season 13, be sure to check out our Season 13 products page.