Dreampad, a pillow that plays music through vibrations to help people sleep, was started by Randall Redfield in 2013. As of September 2023, Dreampad net worth is $6 million. And they’re pulling in a whopping $6 million in annual revenue.
In 2017 they appeared on season 9 of Shark Tank USA seeking $800,000 for 10% of equity valuing the company at $8 million. But the Sharks were not interested in investing in Dreampad. Considering the valuation, market size and competition all sharks rejected this business.
Dreampad is still in business as of October 2023. Dreampad products have also been endorsed by Columbia University Medical Center, SleepScore Labs, and the STAR Institute. The STAR institute recommends the products for children with autism. Visit their website for more details.
Dreampad Net Worth
| Net worth | $6 million (2023) |
| Annual Sales Revenue | $6 million (2023) |
| Profits | Not publicly available |
| Lifetime sales | Not publicly available |
| Investor | None |
| Founder | Randall Redfield |
| Employees | 50 employees |
Dreampad Net Worth Timeline
| Net Worth 2023 | $6 million |
| Net Worth 2022 | $6 million |
| Net worth valuation 2017 after appearing on Shark Tank | $2 million |
| Net worth valuation 2017 before appearing on Shark Tank | $8 million |
Dreampad Pitch on Shark Tank
| Company name | Dreampad |
| Product | Pillows that play music through vibrations to help people sleep |
| Episode | Season 09 Episode 08 |
| Founder | Randall Redfield |
| Asked for | $800,000 for 10% equity |
| Final deal | None |
| Shark | None |
| Location | Aurora, Colorado, United States |
Don’t miss these product from Season 09
Dreampad Founder
Dreampad was founded by Randall Redfield in 2013. Redfield is a serial entrepreneur and inventor with over 20 years of experience in the sleep and wellness industry. He is also the co-founder and executive director of the Polyvagal Institute, a non-profit organization dedicated to promoting research and education on the polyvagal nerve and its role in human health. Dreampad’s founder, Randall Redfield, has a net worth of $6 million as of 2023.
Key accomplishments
| Year | Accomplishment |
| 2017 | Appeared on Shark Tank season 09 |
| 2019 | Raised $75,258 on Kickstarter for Dream Pad 2.0 |
| 2022 | Endorsed by Columbia University Medical Center, SleepScore Labs, and the STAR Institute |
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 Dreampad and its continued success.
