{"id":4787,"date":"2021-03-09T22:12:36","date_gmt":"2021-03-10T03:12:36","guid":{"rendered":"https:\/\/www.therealitytv.com\/?p=4787"},"modified":"2021-03-09T22:12:43","modified_gmt":"2021-03-10T03:12:43","slug":"hug-sleep-update","status":"publish","type":"post","link":"https:\/\/www.therealitytv.com\/hug-sleep-update\/","title":{"rendered":"Update on Hug Sleep from Shark Tank Season 12"},"content":{"rendered":"\n

In a rare, not-even-six-months-later situation, Hug Sleep<\/strong> from season 12 of\u00a0Shark Tank<\/a><\/em>\u00a0will be reappearing on the show. The company, founded by\u00a0Matt Mundt and Angie Kupper, were already successes in their own right. But, since being on the hit show, demand \u2013 and sales! \u2013 have skyrocketed. If you’re wondering how they’ve been doing since their\u00a0Shark Tank<\/em>\u00a0debut, keep reading below.\u00a0<\/p>\n\n\n\n

An Update on Hug Sleep from Shark Tank<\/em><\/h2>\n\n\n\n

1)<\/strong> Matt and Angie originally asked for $150,000 for 10% of their company. That put their valuation at about 1.5 million.\u00a0<\/p>\n\n\n\n

2)<\/strong> They had the numbers to back up their worth though. The duo managed to turn a $2,500 investment into $450,000 in sales in 16 months, according to CNBC<\/a>. \u00a0<\/p>\n\n\n\n

3)<\/strong> While they didn’t get what they asked for, they got something even better. Matt and Angie got two sharks \u2013 Mark Cuban and Lori Greiner. Mark and Lori went in on the deal together, which was $300,000 for 20%. <\/p>\n\n\n\n

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A post shared by Lori Greiner (@lorigreinershark)<\/a><\/p><\/div><\/blockquote>