The Fidget Game Shark Tank Episode 7 Update & Net Worth

The Fidget Game Shark Tank Episode 7 Update & Net Worth

The Fidget Game, an innovative educational tool designed to teach children how to read, captured the attention of viewers during its appearance on Shark Tank Season 15, Episode 7. This unique game, developed by Brandi Dugal, a seasoned educator, combines fun with learning, helping children improve their reading skills through interactive play.

Brandi, who has taught Pre-K to Grade 6 students across six different countries, created The Fidget Game to address the reading challenges faced by many young learners.

During her pitch, Brandi sought $500,000 for 10% equity, valuing her company at $5 million. Her compelling presentation and the impressive success of her product, which had already reached 50,000 schools and generated $3.2 million in sales, caught the eye of Barbara Corcoran.

Barbara offered $500,000 for 15% equity, a deal that Brandi accepted, securing a powerful partnership to help scale her business further. As of April 2024, The Fidget Game’s net worth is estimated at $2 million.

What Is The Fidget Game? How Does it Work?

The Fidget Game is an educational game designed to help children learn to read through interactive play. The game incorporates a variety of word games, including Word Pop and Sight Word Edition, which are designed to make learning to read fun and engaging.

Word Pop, for instance, includes 50 common words along with flashcards that aid in object recognition and math skills, providing a comprehensive learning experience for young children.

The concept behind The Fidget Game was born out of Brandi Dugal’s observation that many students were struggling with reading, often falling behind their grade levels.

As an experienced teacher who has worked in diverse educational settings around the world, Brandi understood the importance of early literacy and set out to create a tool that would make reading more accessible and enjoyable for children.

The Fidget Game is available for purchase through the company’s official website and on Amazon, with prices ranging from $9.99 to $111 depending on the game edition. The games are designed to be both educational and affordable, making them accessible to a wide range of families and educational institutions.

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The Fidget Game Shark Tank Episode 7 Season 15: What Happened at Shark Tank Pitch?

When Brandi Dugal stepped into the Shark Tank, she was prepared to showcase not just her product, but the educational impact it has had on thousands of children. She asked the Sharks for $500,000 for 10% equity, explaining that her company had achieved $3.2 million in sales in just 13 months since its launch. A significant portion of these sales—85%—came from Amazon, with the remaining 15% from the company’s official website.

Brandi highlighted the fact that The Fidget Game had quickly become the No. 1 reading game on Amazon within six months, a clear indication of the product’s popularity and effectiveness.

She also provided insights into the financials, noting that the Word Pop game has a landed cost of $3.45, a customer acquisition cost of $6.80, and retails for $29.99. With a 32% net margin, Brandi projected that the company would generate $1.25 million in profit in 2022.

Barbara Corcoran, impressed by the product’s potential and Brandi’s passion, quickly made an offer of $500,000 for 20% equity. Brandi, recognizing the value Barbara could bring to her business, countered with 15% equity, which Barbara accepted, sealing the deal.

The Fidget Game Shark Tank Pitch Summary

What Happened to The Fidget Game After Shark Tank?

Following her successful deal with Barbara Corcoran on Shark Tank, Brandi Dugal saw a significant increase in both sales and visibility for The Fidget Game. The exposure from the show helped boost the product’s profile, leading to more orders and an expanding customer base.

Barbara’s investment has provided the necessary capital to scale the business, improve production, and enhance marketing efforts.

In addition to expanding her product line, Brandi announced on Instagram that she would be launching six new reading games in 2023. These new products are expected to build on the success of The Fidget Game, offering even more options for children to learn and play.

Barbara Corcoran’s involvement has also been crucial in helping Brandi navigate the challenges of scaling a rapidly growing business. With Barbara’s guidance, The Fidget Game is set to reach even more schools and homes, providing essential learning tools to help children develop their reading skills.

How Much Is The Fidget Game Worth?

As of April 2024, The Fidget Game is valued at approximately $2 million. This valuation reflects the company’s strong sales performance since its inception in 2021 and the potential for continued growth.

Brandi Dugal’s dedication to improving literacy through fun and engaging educational tools has made The Fidget Game a valuable resource in classrooms and homes across the country.

Is The Fidget Game Still in Business?

Yes, The Fidget Game is still in business as of April 2024. The company operates out of its headquarters in Austin, Texas, and continues to thrive in the educational market. With the continued support of Barbara Corcoran and a growing product line, The Fidget Game is well-positioned to make a lasting impact on children’s literacy.

Which Episode & Season Number Was The Fidget Game Shark Tank?

The Fidget Game appeared on Shark Tank during Season 15, Episode 7, which aired on November 17, 2023. This episode marked a pivotal moment for the company, as Brandi Dugal secured a crucial investment from Barbara Corcoran, setting the stage for further growth and success in the educational market.

Frequently Asked Questions

Who is the founder of The Fidget Game?
The Fidget Game was founded by Brandi Dugal, an experienced educator with a Master of Education degree. She has taught Pre-K to Grade 6 students in six different countries and created The Fidget Game to help children improve their reading skills.

What does The Fidget Game do?
The Fidget Game is an educational tool designed to teach children how to read through interactive games. It includes various word games like Word Pop, which helps with object recognition, math skills, and reading comprehension.

What was the final deal The Fidget Game received on Shark Tank?
Brandi Dugal secured a deal with Barbara Corcoran, who invested $500,000 for 15% equity in The Fidget Game during her appearance on Shark Tank.

How much is The Fidget Game worth?
As of April 2024, The Fidget Game’s net worth is estimated to be $2 million.

Is The Fidget Game still in business?
Yes, The Fidget Game is still in business and continues to grow, reaching more schools and families with its innovative educational products.

What episode of Shark Tank featured The Fidget Game?
The Fidget Game appeared on Shark Tank in Season 15, Episode 7, which originally aired on November 17, 2023.