BabyQuip, a baby equipment rental service, was started by Fran Maier & Joe Maier in May 2016. As of October 2023, BabyQuip’s net worth is $15 million, and they’re pulling in a whopping $23 million in annual revenue.
In March 2020, they appeared on Season 11 of Shark Tank USA, seeking $500,000 for 5%, valuing the company at $10 million. However, the Sharks were not interested in investing in BabyQuip. The sharks liked the idea but worried about the big future costs. They said it’s risky and will need even more money later.
As of October 2023, the company is still in business with $23 million in annual revenue. You can purchase their products on e-commerce channels such as their website and Amazon.
BabyQuip Net Worth
| Net worth | $15 million |
| Annual Sales Revenue | $23 million |
| Profits | – |
| Lifetime sales | $3.7 million before appearance Shark Tank Show |
| Investor | None |
| Founder | Fran Maier & Joe Maier |
| Employees | 25 employees |
BabyQuip Net Worth Timeline
| Net Worth 2023 | $15 million |
| Net Worth 2022 | $15 million |
| Net Worth 2021 | $ 14.5 million |
| Net worth valuation 2020 before appearing on Shark Tank | $10 million |
BabyQuip Pitch on Shark Tank
| Company name | BabyQuip |
| Product | baby gear-providing company |
| Episode | Season 11 Episode 14 |
| Founders | Fran Maier & Joe Maier |
| Asked for | $500,000 for 5% |
| Final deal | No Deal |
| Shark | None |
| Location | Santa Fe, New Mexico |
Don’t miss these product from Season 11
BabyQuip Founders
BabyQuip was founded by Fran Maier & Joe Maier in 2016. They are mom and son. Fran Maier serves as the Founder and CEO of BabyQuip. Previously, she was the Board Chair from 2008 to 2014, President from 2009 to 2012, CEO & Founder from 2008 to 2009, and Executive Director from 2001 to 2008 at TrustArc. BabyQuip’s founders, Fran Maier & Joe Maier, have a net worth of 8.5 million USD as of 2023.
Key accomplishments
| Year | Accomplishment |
| 2020 | In March 2020, the company bought Tot Squad, a company that cleans car seats |
| 2021 | As of June 2021, the company operates in more than 600 cities and makes $9 million in revenue each year In December 2021, the company joined forces with Hyatt, Vrbo, AvantStay, Blueground, Xplorie, Guesty, DACK, and others to introduce a host referral program |
Conclusion
From their beginnings on Shark Tank to their current status as a thriving business, they have proven that with the right idea and execution, anything is possible. We can’t wait to see the future for BabyQuip and its continued success.
