VSEAT Bicycle Seat Shark Tank Episode Update & Net Worth

VSEAT Bicycle Seat Shark Tank Episode Update & Net Worth

VSEAT, a revolutionary noseless and bumpless bicycle seat, appeared on Shark Tank in Season 15, Episode 20, which aired on April 12, 2024.

Entrepreneurs Ani Armstrong and Bryan Visintin sought $150,000 for 5% equity, valuing the company at $3 million. They presented their innovative bicycle seat designed to provide comfort and health benefits to riders.Key points from their pitch:

• VSEAT eliminates pressure on nerves and arteries, allowing unrestricted blood flow.
• It is engineered to distribute the rider’s weight onto their sit bones, promoting better posture and engaging core stability.
• The seat is made from high-quality, durable materials and is fully recyclable.

During the pitch, Kevin O’Leary and Barbara Corcoran tested the seat and agreed it was more comfortable than traditional bicycle seats.The offers made during the pitch included:

• Robert Herjavec and Kevin O’Leary offered $200,000 for 25% equity, which Ani and Bryan accepted.
• Other sharks, including Lori Greiner, Mark Cuban, and Daymond John, did not make offers.

After appearing on Shark Tank, VSEAT experienced a significant boost in sales and visibility. The deal with Robert Herjavec and Kevin O’Leary provided the necessary capital and expertise to help the company grow and expand its market reach.

The estimated worth of VSEAT Bicycle Seat is around $3 million, reflecting its valuation during the pitch and its potential in the cycling comfort and health market.

VSEAT is still in business and continues to sell its innovative bicycle seats through its website and various retail partners. The company remains committed to providing cyclists with a comfortable and healthy riding experience

About VSEAT Bicycle Seat

The VSEAT Bicycle Seat made its debut on Shark Tank during Season 15, instantly catching the attention of viewers with its innovative design. The pitch by Ani Armstrong and Bryan Visintin focused on the ergonomic benefits of the noseless bicycle seat, which is designed to reduce pressure on nerves and arteries, thereby improving comfort for riders.

The duo entered the Shark Tank with an ask of $150,000 for 5% equity, valuing their company at $3 million.

After an engaging discussion and demonstration of the product, Robert Herjavec and Kevin O’Leary teamed up to offer $200,000 for 25% equity, a deal which Ani and Bryan accepted.

This reduced the company’s valuation to $800,000, a significant cut but a trade-off they were willing to make for the expertise and connections that Robert and Kevin brought to the table.

• Save

Post Shark Tank, VSEAT saw a substantial boost in sales, thanks to the exposure from the show. The company is currently thriving, with an estimated net worth of $1.5 million, as they continue to sell their seats online and explore new avenues for growth.

VSEAT Bicycle Seat Shark Tank Full Episode; What Happened at Shark Tank Pitch

During their Shark Tank pitch, Ani Armstrong and Bryan Visintin presented the VSEAT Bicycle Seat, highlighting its unique design that eliminates the traditional bike seat nose, which often causes discomfort by restricting blood flow.

They showcased how the VSEAT supports long rides without the need for padded shorts, a common necessity with other bike seats.

The initial ask was $150,000 for 5% equity, valuing VSEAT at $3 million. The pitch included a demonstration where Kevin O’Leary and Barbara Corcoran compared the VSEAT to a traditional bike seat, both agreeing on its superior comfort.

Despite this, Barbara and Lori Greiner opted out, with Lori feeling that the offers on the table were already strong.

Kevin O’Leary made the first offer: $150,000 for 20% equity, significantly undervaluing the company at $750,000. Robert Herjavec countered with $150,000 for 15% equity, valuing the company at $1 million. The negotiation culminated in Robert and Kevin teaming up to offer $200,000 for 25% equity, which Ani and Bryan accepted after a brief discussion

. This valued the company at $800,000, a sharp drop from their initial valuation but a strategic move considering the expertise and market reach that Robert and Kevin could provide.

What Happened to VSEAT Bicycle Seat After Shark Tank?

After their appearance on Shark Tank, VSEAT experienced a significant surge in demand, driven by the exposure from the show. The company’s sales skyrocketed, especially through their online store, where they reported selling $270,000 worth of seats in the year of the Shark Tank episode alone.

This was a massive increase compared to the $26,000 they had sold in the previous year, showcasing the immediate impact of their Shark Tank pitch.

With Robert Herjavec and Kevin O’Leary on board, VSEAT has been exploring new partnerships and distribution channels, potentially looking into licensing agreements with major bike manufacturers.

While there have been challenges, particularly in convincing larger brands to adopt their design, the company remains optimistic about future growth.

How Much Is VSEAT Bicycle Seat Worth?

As of 2024, VSEAT is estimated to be worth approximately $1.5 million. This valuation reflects the company’s post-Shark Tank success and the increase in sales that followed their TV appearance.

The investment from Robert Herjavec and Kevin O’Leary has undoubtedly played a role in this growth, providing not just financial support but also strategic guidance that has helped VSEAT navigate the competitive bicycle accessories market.

Is VSEAT Bicycle Seat Still in Business?

Yes, VSEAT is still in business and continues to sell its innovative bicycle seats through its company website and selected online retailers.

The company has managed to maintain its momentum post-Shark Tank, leveraging the deal with Robert Herjavec and Kevin O’Leary to expand its market presence.

The VSEAT Bicycle Seat has also received positive reviews from customers, with many praising its comfort and design, which suggests a bright future for the company.

Which Episode Number was VSEAT Bicycle Seat on Shark Tank?

The VSEAT Bicycle Seat appeared on Episode 20 of Shark Tank Season 15. This episode featured a diverse range of entrepreneurs, but Ani Armstrong and Bryan Visintin stood out with their revolutionary bicycle seat.

Their appearance on the show was pivotal, not just for the deal they secured but also for the broader awareness it created around the discomfort of traditional bike seats and the need for a better alternative.