What Happened to Animated Lure After the Shark Tank Pitch?
What is Animated Lure?
The Animated Lure is a patented automated fishing lure meant to make fishing more enjoyable.
There are three sizes available: miniature, classic, and saltwater.
It is electrically engineered to move like a genuine fish, with a small propeller and a variety of skins to represent various varieties of bait fish.
While on a fishing trip with his father, his heart felt a stab of sadness when his father stated his desire for his siblings to join them, if only they had the patience necessary for fishing’s inexorable waiting time.
Who Founded Animated Lure?
The Animated Lure was founded by Sobhan Sanaee and Kanz Kayfan.
Kanz Kayfan, 13, was motivated by this to come up with ways to reduce boredom from an activity that takes patience from both young and old.
He came to the conclusion that the unwillingness to wait and the drive for immediate results were the two main reasons why younger generations, including my own siblings, would never go fishing.
By inventing a lure that contains both an element of fun and the most successful means of attracting a fish, our team has blended cutting-edge technology with the time-honored tradition and beauty of fishing.
We looked at several bait and lure designs but couldn’t come up with something that would attract fish in a simple yet appealing way.
Recognizing that fish are naturally drawn to other fish, we capitalized on this biological propensity by developing a realistic bait.
Many people have mistaken our lure for a real fish.
With its lifelike swim patterns, appearance, sound, and vibration, Animated Lure entertains while attracting fish.
Our goal is to rekindle a fleeting pleasure. We want to help families get out on the lake and create memories that will last a lifetime.
He completed a successful Kickstarter campaign in December 2015 to get the project off the ground, garnering $22,041 in financing.
They produced and sent the device in around two years.
There are three sizes of lures available: tiny, classic, and salt water. Each size features a distinct “skin” that simulates a different baitfish.
Each lure has a realistic swimming motion and sound that draws fish in.
A tiny lure is $29.95, and a classic lure is $32.95 or $34.95 depending on the skin. Because of the larger battery and corrosion-resistant construction, a saltwater lure costs $79.95.
The “bait” is moved by a tiny propeller in animated lures, and the segmented body mimics the swimming motion of real fish.
Each lure comes with a USB charger and an extra propeller.
What Happened to Animated Lure at the Shark Tank Pitch?
Kanz and Sobhan approached the Shark Tank with a $325,000 offer for a 10% share in their company, suggesting a $3.25 million valuation.
They show the product in action before delivering their pitch.
Currently, the company sells directly to consumers, but they would like to acquire access to huge box sporting goods stores.
This year, they had generated a total of $247,000 in sales (2020).
Robert thanked the individuals and emphasized that this was not a business transaction for him.
Daymond asks how much they’re worth and then walks away.
Kevin is the only Shark who has proposed a deal. He does, in fact, make two claims.
The first is $325,000 for a 10% share in the company and a $3 royalty on each unit sold until he recovers $1 million.
The second offer is for $500,000 in return for 20% of the business. They take the first offer.
What Happened to Animated Lure After the Shark Tank Pitch?
Kevin’s contract never got finished. Hundreds of copycat goods have flooded Amazon since the show’s October 2020 launch. The firm is still in operation as of July 2021.
What is the Net Worth of Animated Lure?
Kanz and Sobhan approached Shark Tank with a $325,000 offer for a 10% interest in their company, suggesting a $3.25 million valuation.
Who are the Competitors of Animated Lure?
There are no competitors for Animated Lure.
Animated Lure FAQS
How does Animated Lure activate and deactivate?
Animated Lure will begin swimming in the life-like pattern of a genuine fish after being totally submerged in water for one second.
When the Animated Lure is taken from the water, it turns off automatically.
How long is Animated Lure capable of swimming?
Depending on the water conditions, the Salt Water version may swim for up to 2.5 hours.
Depending on the water conditions, the Classic model can swim for up to 1.5 hours continuously.
Depending on the water conditions, the Mini model can swim for 45 to 60 minutes.
How does Animated Lure get charged?
Before charging, always thoroughly dry the Animated Lure.
Ascertain that Animated Lure is charging in a secure area and unplug the USB after it has done charging.
Connect the red wire clip to the ring protruding from the crown of the fish’s head and the black wire clip to the ring emerging directly from the bottom of the fish’s head (not the ring used to connect to the fishing hook).
A blue light will illuminate in Animated Lure’s head as it begins charging. This marks the beginning of the billing procedure.
The blue light will switch off after the Animated Lure is fully charged.
The positive (red) and negative (black) alligator clips should never come into contact with one another when the USB is put into an adapter or device.
How long does it take for an Animated Lure to charge?
The Salt Water variant may take 1 to 1.5 hours to fully charge; the speed is determined by the adapter used.
The Classic model may take 45 minutes to 1 hour to fully charge; the speed is determined by the adapter used.
The Mini Model may take 30 to 45 minutes to complete a full charge cycle, depending on the adapter used.
They always advise charging in a secure location and utilizing power protectors.
How big Animated Lure is and how much does it weigh?
The Salt Water model is 8.8 inches (22.35 cm) in length and weighs 5.2 ounces (147.42 grams).
The Classic model has a length of 5.25 inches (13.34 cm) and a weight of 1.7 ounces (48.19 grams).
The Mini model is 2.5 inches (6.35 cm) in length and weighs.25 ounces (7 grams).
How strong is Animated Lure?
The hinge strength of the Salt Water variant is limited to 100 pounds (45 kg).
The hinge strength of the Classic model is limited to 45 pounds (20 kg).
The hinge strength of the Mini model is limited to 33 pounds (15kg).
How to maintain Animated Lure?
When you’re through with an Animated Lure, make sure it’s completely dry and store it in a climate-controlled environment.
Please inspect the structure for any worn pieces, loose connections, or cracks.
The propeller and hinges must be free to spin and move.
Is Animated Lure still in business?
Yes, the firm is still in operation as of July 2021.