Animated Lure Motorized Fishing Lure Shark Tank Update
Introducing the Animated Lure Motorized Fishing Lure, a revolutionary innovation in the world of fishing. Developed by Sobhan Sanaee and Kanz Kayfan, this high-tech fishing lure mimics the movements of a real fish, creating an irresistible attraction for your target catch.
Featured on Shark Tank Season 12, the Animated Lure caught the attention of the sharks with its innovative design and cutting-edge technology. After an impressive pitch, Sobhan and Kanz secured a deal with Kevin O’Leary, receiving $325,000 in funding for 10% equity and a $3 royalty until $1 million is paid back.
Since their appearance on the show, the Animated Lure Motorized Fishing Lure has skyrocketed in popularity and success. With a valuation exceeding $3 million, the company has expanded its product line to offer a variety of options for every fishing enthusiast.
Key Takeaways:
- The Animated Lure Motorized Fishing Lure mimics the realistic movements of a real fish, making it highly attractive to fish.
- Sobhan and Kanz secured a deal with Kevin O’Leary on Shark Tank, receiving $325,000 in funding for 10% equity and a $3 royalty.
- The company’s valuation has reached over $3 million, indicating its rapid growth and success in the market.
- With a diverse product line, the Animated Lure Motorized Fishing Lure offers a range of options for fishing enthusiasts.
- Experience the future of fishing with this innovative and high-tech motion fishing lure.
Shark Tank Animated Lure Update
Sobhan Sanaee and Kanz Kayfan made a significant splash on Shark Tank Season 12 with their revolutionary product, the Animated Lure Motorized Fishing Lure. Their pitch caught the attention of renowned investor Kevin O’Leary, who offered a game-changing deal.
Kevin O’Leary agreed to invest $325,000 in Animated Lure for a 10% equity stake and a $3 royalty for each unit sold until he recoups $1 million. This deal allowed Animated Lure to secure the much-needed funds to accelerate their growth and expand their product line.
Since their appearance on Shark Tank, Animated Lure has experienced remarkable success. With Kevin O’Leary’s backing, the company’s valuation has surpassed $3 million, validating the innovative nature of their motorized fishing lure. This newfound valuation has positioned Animated Lure as a force to be reckoned with in the fishing industry.
The deal with Kevin O’Leary has not only provided financial support but also opened doors for the company to broaden their product line. Animated Lure has taken this opportunity to introduce new collections of motorized fishing lures, catering to a variety of fish species.
Animated Lure’s expansion includes lures inspired by fish such as Mullet, Sardine, Yellowtail Snapper, and Atlantic Herring, among others. This diversified product offering enables fishing enthusiasts to leverage the lifelike swimming motion of Animated Lure to attract their desired catch.
| Shark Tank Update Highlights | Details |
|---|---|
| Investor | Kevin O’Leary |
| Deal | $325,000 for 10% equity and $3 royalty until $1 million is recouped |
| Valuation | Over $3 million |
| Product Line Expansion | Introduced various fish-inspired collections |
Animated Lure’s success story on Shark Tank showcases how a compelling product and a strategic partnership can propel a business to new heights. With their expanded product line and continued commitment to innovation, Animated Lure is making waves in the fishing industry and capturing the attention of anglers worldwide.
The Animated Lure Fishing Lure
The Animated Lure is a rechargeable, robotic fishing lure created by Sobhan Sanaee and Kanz Kayfan. This innovative lure is designed to mimic the realistic movements of a real fish, captivating both fish and fishermen alike. With its lifelike fish patterns, the Animated Lure offers a unique fishing experience like no other.
What sets the Animated Lure apart is not only its ability to replicate the natural swimming motion of a real fish but also its impressive profit margins. Retailing between $29.95 and $79.95, the lure costs only $8-16 to manufacture, resulting in significant profit margins for the company.
The sales figures of the Animated Lure speak for themselves. From January 2020 to the recording date of Shark Tank, the company has already achieved impressive sales of $247,000. With such success in a short period, sales projections predict that the company is on track to triple its figures by the end of 2021.
These remarkable figures can be attributed to the lure’s ability to attract fish effectively, resulting in a higher catch rate for anglers. Whether you’re an experienced fisherman or a beginner, the Animated Lure offers a reliable and enticing option for your fishing adventures.
| Key Features of the Animated Lure Fishing Lure | Benefits |
|---|---|
| Realistic fish movements | Increases the chances of attracting fish |
| Rechargeable battery | Long-lasting power for multiple fishing sessions |
| Durable construction | Withstands the challenges of fishing environments |
| Wide range of fish patterns | Offers options to target a variety of fish species |
The Animated Lure Fishing Lure is a testament to the success that Sobhan Sanaee and Kanz Kayfan have achieved with their ingenious creation. With its realistic fish movements, attractive profit margins, and a growing customer base, it is no wonder that the Animated Lure has become a favorite among fishing enthusiasts.
Shark Tank Results
On the popular reality TV show Shark Tank, Sobhan Sanaee and Kanz Kayfan had the opportunity to present their innovative product, the Animated Lure Motorized Fishing Lure. The duo pitched their robotic fishing lure that mimics the movements of a real fish to the sharks, hoping to secure an investment for their business.
After an impressive demonstration and compelling pitch, Sobhan and Kanz received a deal from Kevin O’Leary. Kevin offered to invest $325,000 in exchange for a 10% equity stake in the company and a $3 royalty per lure until $1 million is paid back. It was a significant offer that they gladly accepted.
Although other sharks, including Robert Herjavec, Mark Cuban, Daymond John, and Lori Greiner, did not make offers, the deal with Kevin O’Leary proved to be a game-changer for Animated Lure. The support and expertise of Kevin O’Leary have helped the company thrive and grow its brand.
This Shark Tank experience has catapulted Animated Lure to new heights, with the company’s valuation soaring to over $3 million. Sobhan and Kanz have used the investment wisely to expand their product line, catering to fishing enthusiasts looking for an innovative and high-tech fishing experience.
It’s worth noting that while the other sharks did not invest in Animated Lure, their feedback and interest in the product is a testament to its potential. The exposure on Shark Tank has undoubtedly contributed to the growing success of the Animated Lure Motorized Fishing Lure.
The Technology Behind Animated Lure
The Animated Lure is a mechanized, self-propelling fishing lure that uses innovative technology to mimic the natural swimming motion of a real fish. Designed by Sobhan Sanaee and Kanz Kayfan, this motorized fishing lure is a true game-changer for anglers.
At the heart of the Animated Lure is a rechargeable battery-powered motor that propels the lure’s body through the water. This mechanized design gives the lure the ability to swim with lifelike movements, attracting fish with its fish mimicry.
By replicating the swimming motion of real fish, the Animated Lure creates a compelling visual display that entices fish to strike. The lure’s swimming motion is incredibly realistic, making it difficult for fish to resist.
The use of a rechargeable battery ensures that the Animated Lure is always ready for action. Anglers can recharge the battery when needed, providing them with hours of fishing enjoyment without the hassle of constantly replacing batteries.
In summary, the mechanism behind the Animated Lure allows it to be a self-propelling fishing lure that effectively mimics the swimming motion of real fish. With its rechargeable battery, this innovative lure offers anglers the opportunity to experience fish-like movements that are sure to attract their next big catch.
Animated Lure Product Line
Animated Lure offers a wide variety of fishing lure collections, each featuring different types of fish. These collections cater to the preferences and needs of all fishing enthusiasts, providing enticing options to enhance their fishing experience.
Mullet Collection
The Mullet Collection consists of realistic fishing lures designed to mimic the movements of mullet fish, a popular baitfish species. With their lifelike appearance and motion, these lures are highly effective in attracting a variety of fish species.
Sardine Collection
The Sardine Collection comprises fishing lures inspired by the sardine fish, known for its abundance and versatility as bait. These lures feature enticing colors and patterns that replicate the appearance of sardines, making them irresistible to predatory fish.
Yellowtail Snapper Collection
The Yellowtail Snapper Collection offers fishing lures specifically designed to target yellowtail snapper, a prized catch among anglers. These lures mimic the natural swimming motion of yellowtail snapper, increasing the chances of a successful catch.
Atlantic Herring Collection
The Atlantic Herring Collection showcases fishing lures that imitate the behavior and appearance of Atlantic herring, a common baitfish found in various fishing grounds. Anglers can rely on these lures to attract a wide range of fish species.
The Animated Lure product line also includes collections featuring other fish varieties like tuna, bass, and trout, among others. These collections ensure that anglers have a diverse selection of lure options to suit different fishing situations and target various fish species.
Animated Lure’s fishing lure collections can be purchased through their official website and are also available on Amazon, providing convenient access for customers to explore and acquire these innovative and effective lures.
| Collection | Fish Type |
|---|---|
| Mullet Collection | Mullet |
| Sardine Collection | Sardine |
| Yellowtail Snapper Collection | Yellowtail Snapper |
| Atlantic Herring Collection | Atlantic Herring |
How Animated Lure Impressed the Sharks
The sharks on Shark Tank were left astounded by the Animated Lure Motorized Fishing Lure and its incredible features. The product’s ability to mimic realistic fish movements caught their attention, fueling their excitement about its potential.
What impressed the sharks the most were the large profit margins that Animated Lure boasted. With each unit retailing between $29.95 and $79.95, the cost to manufacture the lure ranged from just $8 to $16. This significant margin between production costs and retail prices showcased the immense profitability of the product.
Sobhan Sanaee and Kanz Kayfan, the creators of Animated Lure, revealed during their Shark Tank pitch that they had no debt and had personally invested $125,000 into the business. This display of personal commitment and financial stability further impressed the sharks.
Animated Lure had already achieved impressive sales figures at the time of the Shark Tank recording in January 2020. The company had generated $247,000 in sales, a testament to the product’s popularity among fishing enthusiasts. Furthermore, with promising projections indicating a tripled sales revenue by the end of 2021, the future looked incredibly bright for Animated Lure.
The sharks recognized the immense potential in both the product and the business, making it clear that Animated Lure possessed all the ingredients for long-term success. The entrepreneurs had not only captured the sharks’ attention but also their imaginations, leaving them eager to pursue a partnership.
Sharks’ Reactions:
“I’m blown away by the profit margins and the potential in this market. This product is a game-changer in the fishing industry.” – Kevin O’Leary
“The Animated Lure is a technological marvel and an innovative approach to fishing. I can see it becoming a must-have for every angler out there.” – Robert Herjavec
“The sales figures speak for themselves. Animated Lure has the potential to dominate the fishing lure market.” – Mark Cuban
“The personal investment and financial stability of the entrepreneurs make this an even more attractive opportunity. This product has the potential for massive growth.” – Daymond John
“The Animated Lure is a winner. Its profit margins and sales figures are impressive, and I believe in its future success.” – Lori Greiner
| Key Points | Details |
|---|---|
| Retail Price Range | $29.95 – $79.95 |
| Manufacturing Cost Range | $8 – $16 |
| Personal Investment | $125,000 |
| Sales Figures (January 2020) | $247,000 |
| Projected Sales Growth (End of 2021) | Triple the current sales figures |
Kevin O’Leary’s Deal with Animated Lure
When Sobhan Sanaee and Kanz Kayfan showcased their innovative Animated Lure Motorized Fishing Lure on Shark Tank, they caught the attention of the sharks, including Kevin O’Leary. After an intense negotiation process, Kevin made an offer to invest $325,000 in Animated Lure for a 10% equity stake, along with a $3 royalty agreement until he recoups $1 million.
Despite their efforts to negotiate a better deal, Sobhan and Kanz ultimately accepted Kevin’s offer. They recognized the value and expertise that Kevin could bring to their business, considering his experience and network within the fishing industry.
Kevin’s investment was a significant milestone for Animated Lure, providing the necessary capital to accelerate their growth and expand their operations. With his financial support, Sobhan and Kanz have been able to further develop their product line and reach a wider audience of fishing enthusiasts.
“We are excited to have Kevin O’Leary as our partner. His investment and guidance will help us take Animated Lure to new heights and solidify our position in the fishing market.”
Although the negotiation process was challenging, Sobhan and Kanz understood the value of Kevin’s offer and the potential it held for their business. Accepting the deal was a pivotal moment that allowed Animated Lure to continue its upward trajectory and establish itself as a leading brand in the fishing industry.
Kevin O’Leary’s involvement with Animated Lure not only brought financial backing but also brought valuable industry connections and expertise. With this newfound support, Animated Lure has been able to navigate the market more effectively, expand their reach, and build a strong foundation for continued success.
Kevin O’Leary’s Offer and Negotiation:
| Investor | Offer | Equity Stake | Royalty Agreement |
|---|---|---|---|
| Kevin O’Leary | $325,000 | 10% | $3 royalty until $1 million is recouped |
Kevin’s offer to invest $325,000 for a 10% equity stake and a $3 royalty agreement provided the necessary funding for Sobhan and Kanz to scale their business. While negotiations were tough, the entrepreneurs recognized the value in Kevin’s proposal and accepted the deal.
Success and Continued Business
Despite the deal falling through with Kevin O’Leary, Animated Lure has proven to be a resilient and successful business. With a net worth estimated to be over $3 million, the company has solidified its position in the fishing lure industry.
Fishing enthusiasts can easily access Animated Lure’s innovative products on their official website and through the popular online marketplace, Amazon. This availability ensures that fishing enthusiasts across the United States can enjoy the benefits of the Animated Lure Motorized Fishing Lure.
As the company looks towards the future, it remains committed to providing continuous updates and improvements to their product line. Fishing enthusiasts can expect future updates that enhance the functionality and design of the Animated Lure Motorized Fishing Lure. The company’s dedication to innovation ensures that customers will always have access to the latest advancements in fishing lure technology.
FAQ
What is the Animated Lure?
The Animated Lure is a motorized fishing lure that mimics the movements of a real fish.
Who created the Animated Lure?
The Animated Lure was created by Sobhan Sanaee and Kanz Kayfan.
Did Sobhan Sanaee and Kanz Kayfan appear on Shark Tank?
Yes, Sobhan Sanaee and Kanz Kayfan appeared on Shark Tank Season 12.
Did they receive a deal on Shark Tank?
Yes, they received a deal from Kevin O’Leary for 5,000 for 10% equity and a royalty until
FAQ
What is the Animated Lure?
The Animated Lure is a motorized fishing lure that mimics the movements of a real fish.
Who created the Animated Lure?
The Animated Lure was created by Sobhan Sanaee and Kanz Kayfan.
Did Sobhan Sanaee and Kanz Kayfan appear on Shark Tank?
Yes, Sobhan Sanaee and Kanz Kayfan appeared on Shark Tank Season 12.
Did they receive a deal on Shark Tank?
Yes, they received a deal from Kevin O’Leary for $325,000 for 10% equity and a $3 royalty until $1 million is paid back.
What is the valuation of Animated Lure?
The company’s valuation has reached over $3 million.
What is the price range of the Animated Lure?
The Animated Lure retails for $29.95-$79.95.
How much does it cost to make the Animated Lure?
The Animated Lure only costs $8-16 to make, resulting in high profit margins.
Where can I buy the Animated Lure?
The Animated Lure can be purchased on the Animated Lure website and also on Amazon.
How much in sales has the company done?
From January 2020 to the recording date of Shark Tank, the company had done $247,000 in sales.
How much is the company projected to do in sales by the end of 2021?
The company is projected to triple its sales figures by the end of 2021.
What was Kevin O’Leary’s offer on Shark Tank?
Kevin O’Leary offered to invest $325,000 in Animated Lure for a 10% equity stake and a $3 royalty until he recoups $1 million.
Did Sobhan Sanaee and Kanz Kayfan accept Kevin O’Leary’s offer?
Yes, they eventually accepted Kevin O’Leary’s offer on Shark Tank.
What is the net worth of Animated Lure?
The net worth of Animated Lure is estimated to be over $3 million.
million is paid back.
What is the valuation of Animated Lure?
The company’s valuation has reached over million.
What is the price range of the Animated Lure?
The Animated Lure retails for .95-.95.
How much does it cost to make the Animated Lure?
The Animated Lure only costs -16 to make, resulting in high profit margins.
Where can I buy the Animated Lure?
The Animated Lure can be purchased on the Animated Lure website and also on Amazon.
How much in sales has the company done?
From January 2020 to the recording date of Shark Tank, the company had done 7,000 in sales.
How much is the company projected to do in sales by the end of 2021?
The company is projected to triple its sales figures by the end of 2021.
What was Kevin O’Leary’s offer on Shark Tank?
Kevin O’Leary offered to invest 5,000 in Animated Lure for a 10% equity stake and a royalty until he recoups
FAQ
What is the Animated Lure?
The Animated Lure is a motorized fishing lure that mimics the movements of a real fish.
Who created the Animated Lure?
The Animated Lure was created by Sobhan Sanaee and Kanz Kayfan.
Did Sobhan Sanaee and Kanz Kayfan appear on Shark Tank?
Yes, Sobhan Sanaee and Kanz Kayfan appeared on Shark Tank Season 12.
Did they receive a deal on Shark Tank?
Yes, they received a deal from Kevin O’Leary for $325,000 for 10% equity and a $3 royalty until $1 million is paid back.
What is the valuation of Animated Lure?
The company’s valuation has reached over $3 million.
What is the price range of the Animated Lure?
The Animated Lure retails for $29.95-$79.95.
How much does it cost to make the Animated Lure?
The Animated Lure only costs $8-16 to make, resulting in high profit margins.
Where can I buy the Animated Lure?
The Animated Lure can be purchased on the Animated Lure website and also on Amazon.
How much in sales has the company done?
From January 2020 to the recording date of Shark Tank, the company had done $247,000 in sales.
How much is the company projected to do in sales by the end of 2021?
The company is projected to triple its sales figures by the end of 2021.
What was Kevin O’Leary’s offer on Shark Tank?
Kevin O’Leary offered to invest $325,000 in Animated Lure for a 10% equity stake and a $3 royalty until he recoups $1 million.
Did Sobhan Sanaee and Kanz Kayfan accept Kevin O’Leary’s offer?
Yes, they eventually accepted Kevin O’Leary’s offer on Shark Tank.
What is the net worth of Animated Lure?
The net worth of Animated Lure is estimated to be over $3 million.
million.
Did Sobhan Sanaee and Kanz Kayfan accept Kevin O’Leary’s offer?
Yes, they eventually accepted Kevin O’Leary’s offer on Shark Tank.
What is the net worth of Animated Lure?
The net worth of Animated Lure is estimated to be over million.
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