Better Bedder - Shark Tank Update

Headband for your mattress

Published

Season 12, Episode 15 Founded by Judy Schott and Nita Gassen In Business

Better Bedder Details

Shark Tank Episode Details

Founders Judy Schott and Nita Gassen
Air Date 2021-02-26
Season & Episode Season 12, Episode 15
Initial Ask $150K for 10.0% equity
Deal Details Got deal: $150K for 18.0% equity from Lori Greiner
Estimated Yearly Revenue $5+ million
Estimated Net Worth (4x estimated revenue) $20 million

The Shark Tank Pitch

Revolutionary convenience emerged from a simple family frustration when Louisiana entrepreneurs Judy Schott and Nita Gassen witnessed the daily struggle of making beds properly, particularly after Judy's college-age son chose sleeping on the couch over dealing with constantly disheveled sheets that never stayed in place. Their ingenious solution challenged traditional bedding methodology by creating Better Bedder - essentially a giant elastic headband that wraps around any mattress to hold both fitted and flat sheets securely in position, eliminating the need to lift heavy mattresses or struggle with tucking corners while making beds.

The innovative design functions like suspenders for bedding, using strategic elastic placement and a comfortable fabric band that can accommodate any mattress size while remaining permanently installed, allowing users to simply tuck sheets into the elastic opening for instantly neat, hotel-quality bed presentation. Despite initially developing the concept for bunk beds (where it proved less effective), the entrepreneurs discovered their product excelled with regular mattresses, leading them to perfect the manufacturing through local seamstresses before expanding operations to meet growing demand from farmers market customers who appreciated the practical solution to a universal household chore.

Seeking $150,000 for 10% equity while reporting nearly $1 million in sales despite minimal marketing expertise, Judy and Nita entered the tank with a valuation of $1.5 million, confident that their patented bed-making innovation could revolutionize how millions of people approach daily bedroom maintenance through simple engineering that solved an overlooked but persistent problem.

Where Are They Now?

Multiple sharks recognized Better Bedder's potential to transform the bedding industry, with Barbara Corcoran offering $150,000 for 20% equity and promising her PR expertise, while Lori Greiner countered with $150,000 for 25% equity plus her QVC connections, before both ultimately agreed to 18% after negotiations, leading Judy and Nita to accept Lori's deal due to her retail distribution expertise and infomercial capabilities. The partnership with Lori exceeded all expectations as Better Bedder generated $157,000 in sales within 24 hours of airing, validating the massive consumer demand for their bed-making solution while demonstrating the power of strategic shark partnerships combined with quality product innovation.

Strategic expansion accelerated rapidly through Lori's retail connections and operational guidance, with Better Bedder securing placement in over 3,000 Walmart stores nationwide while building a robust direct-to-consumer business that grew from $950,000 to over $2 million in lifetime sales within months of the show. Continued success included developing hotel, RV, and senior community product variations while maintaining strong customer satisfaction ratings and positive reviews that supported sustainable growth, with the company approaching $10 million in lifetime sales by 2023.

We found that Better Bedder represents a perfect example of how simple innovations addressing universal daily frustrations can create substantial businesses when combined with authentic entrepreneurship, strategic partnerships, and focused execution that resonates with mainstream consumers seeking practical solutions to improve their everyday lives.

Revenue

$5+ million

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