Budsies is a business that turns kids’ drawings into custom stuffed plush dolls. This was started by Alex Furmansky in 2013. As of November 2023, Budsies’s net worth is $2 million. Furthermore, they’re pulling in a whopping $2 million in annual revenue.
In 2015, they appeared on Season 06 of Shark Tank USA, seeking $100,000 for 5% of equity, valuing the company at $2 million. But the Sharks were not interested in investing in Budsies.
Alex was ambitious about his business, but the Sharks had concerns about his pitch; thus, Budsies could not win any deal. However, the appearance on the show helped Budsies to grow in sales. Despite not winning a deal, Budises successfully continued to do business. As of November 2023, the company is still active. You can customize plush toys through the company website.
Budsies Net Worth
|Net worth||$2 million (2023)|
|Annual Sales Revenue||$2 million (2023)|
Budsies Net Worth Timeline
|Net Worth 2023||$2 million|
|Net Worth 2022||$2 million|
|Net worth valuation in 2015 before appearing on Shark Tank||$2 million (business valuation)|
Budsies Pitch on Shark Tank
|Product||A business that turns kids’ drawings into custom stuffed plush dolls|
|Episode||Season 06 Episode 24|
|Asked for||$100,000 for 5% equity|
|Final deal||No deal|
|Location||Boynton Beach, Florida|
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Alex Furmansky founded Budsies in 2013. Alex graduated from the University of Pennsylvania, specializing in engineering. Later on, he pursued an MBA at Wharton University. Budsies is a result of Alex’s academic skills, entrepreneurial skills as well as personal experience growing up with a younger sister who loves drawing and playing with plush toys. Alex stepped down from Budsies in 2021, and Scott Meier took his position. Alex is now pursuing his other career ventures. Budsies’s founder Alex Furmansky’s current net worth is estimated to be above 20 million USD.
|2015||Budsies got featured on Shark Tank|
|2023||The company has customized over 200,000 plush toys up to date|
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 Budsies and its continued success.