Trunkster, a business idea introduced in the 7th season of Shark Tank has a $1.4 million investment with a 5% stake.
In Season 7, Gaston Blanchet and Jesse Potash appeared on Shark Tank with some fairly unique travel bags. They are great buddies who invented a way to make traveling more convenient.
The firm marketed smart luggage with features such as an integrated scale, GPS position monitoring, zipperless entrance, and USB charging. The baggage cost $495 for a carry-on and $535 for a checked bag.
What Is Trunkster Shark Tank Net Worth 2022?
TrunkSter has raised $2.4 million in pre-orders alone. The crowdfunding effort raised $2.8 million in total. The carry-on model costs $495, while the checker model costs $535, according to the website.
The bags are presently available for pre-order, but many users have not received their orders, and many have gotten poor-quality items, according to several accounts.
The idea of TrunkSter was loved by many when it was first introduced in the show. However, it did not do well as was anticipated by the users.
Unfortunately, Trunkster’s inventors and funders were engrossed in ideas of what the marketplace could have been, so the founders attempted to bring it to life on their own and failed spectacularly. Even though the exact net worth of TrunkSter is still a mystery, they grossed $1.4 million with a 5% stake.
What Happened To The Company After The Show?
Following their participation in Shark Tank, the firm did not make it past the due diligence process. As a consequence, their agreement with Lori and Mark fell through.
That wasn’t the only problem they had. As far as we know, they never fulfilled their orders, which means that many individuals who pre-ordered the goods never received them.
And the people who did get their products delivered to them were not satisfied with the quality of the product. The people were not happy with the product overall. Some people were also trying to start a class-action lawsuit against the company itself.
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Trunkster On Shark Tank Explored
Gaston and Jesse entered the Shark Tank with two helpers disguised as stewardesses, complete with smart sunglasses. They have a solid start to their presentation and are highly informed about their product.
While the two appeared to be on fire, discussions came to a halt when they disclosed that, even though many people had preordered the case, no one had gotten a product.
However, towards the end of the show, they were offered with a $1.4M investment with a 5% stake. If they hadn’t paid back the money in that period, their stock in the firm would have doubled to 10% apiece. Mark and Lori both accepted the offer, and they set out to make Trunkster a huge success.
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