SwiftPaws bags golden ticket and $240K deal from Lori Greiner, 'Shark Tank' fans shed 'happy tears'
Sometimes all it takes is displaying a great passion and tenacity to lure a Shark on 'Shark Tank', and SwiftPaws founder Meghan Wolfgram did precisely that. Meghan walked into the tank seeking $240,000 in exchange for a 6% stake in her company SwiftPaws. She demonstrated how her lure chasing course for dogs worked and also educated the Sharks about the competitive gaming world of dogs.
While the Sharks were impressed and fascinated by her unique remote-controlled enrichment toy for dogs, they were however curious about the sales figures and profit margins. Even though the sales figures were decent, the company's poor profit margins quickly put off the Sharks. Meghan tried wooing back the Sharks by pointing out how the high production costs, clubbed with her decision to retain her employees during the pandemic, led to her poor profit margins. Daymond John, Mark Cuban, and Kevin O'Leary praised her business acumen, but felt that they couldn't add any value to her business so they decided to sit out. Though Robert Herjavec was interested in the product he wasn't entirely sure if he should be making an offer, while he was weighing out his options, Lori Greiner stepped in and saved the day.
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Lori praised Meghan's passion and pulled out the coveted golden ticket. The Shark explained how every year she gave out the golden ticket to an entrepreneur who impressed her and this year she wanted to give it to Meghan. As a cherry on the cake, Lori didn't try to negotiate the deal either and accepted to close the offer at Meghan's asking price of $240,000 for a 6% stake. Both Lori and Meghan got very emotional while closing the deal and vowed to make the dogs' lives better all across the world.
Fans too were touched by Lori's sweet gesture and Meghan's passionate pitch. A fan tweeted, "As a dog lover I'm HAPPY she got a shark!!!! #SharkTank #SwiftPaws #ABC #WSB #WSBTV." "Congrats Swiftpaws! š Iām crying happy tears for her š #SharkTank," wrote a fan. "@LoriGreiner @_swiftpaws CONGRATS!! THE GOLDEN TICKET! Iām so happy for you two bad a$$ women! I LOVE when good people WIN! #SharkTank šš«š„°," added a fan. "Swiftpaws, wow, what a great ending, congrats, congrats Lori #SharkTank," exclaimed a fan.
Asa dog lover I'm HAPPY she got a shark!!!! #SharkTank #SwiftPaws #ABC #WSB #WSBTV pic.twitter.com/YGqFy777dN
ā Paul Williams (@RockyTopFan8) April 9, 2022
Congrats Swiftpaws! š Iām crying happy tears for her š #SharkTank
ā Nice introvert (@IntrovertNice) April 9, 2022
@LoriGreiner @_swiftpaws CONGRATS!! THE GOLDEN TICKET! Iām so happy for you two bad a$$ women! I LOVE when good people WIN! #SharkTank šš«š„°
ā Invention Queen (@InventionQueen) April 9, 2022
Swiftpaws, wow, what a great ending, congrats, congrats Lori #SharkTank
ā Lance Becvar (@Dadsonpowermode) April 9, 2022
Many fans also expressed an interest in purchasing the SwiftPaws kit for their pooches. A fan shared, "If I had a dog, I would get this #SharkTank." "The Golden Ticket products always show such innovation. I use my Souper Cubes often. Now if only I still had a dog, I'd buy Swift Paws too. #SharkTank," seconded a fan. "I am so glad you did a deal with Megan! This brought (happy) tears to my eyes! You made that young lady very happy! Our dogs would love this! When we get a house!" commented a fan.
The Golden Ticket products always show such innovation. I use my Souper Cubes often. Now if only I still had a dog, I'd buy Swift Paws too. #SharkTank
ā Claire Collins (@clairec345) April 9, 2022
I am so glad you did a deal with Megan! This brought (happy) tears to my eyes! You made that young lady very happy! Our dogs would love this! When we get a house!
ā Krista (@Kristam12) April 9, 2022
'Shark Tank' Season 13 airs every Friday at 8/7c on ABC.
Missed an episode? Been wanting to catch up? Episodes can also be viewed the next day on demand and on Hulu. Not just that, you can also watch old seasons and episodes on Amazon Prime Video and iTunes.
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