Pearachute, a Booking service for children’s classes, was started by Desiree Vargas Wrigley in 2015. Pearachute net worth was $3.3 Million in 2017 based on the Shark Tank deal of $500,000 for 15% equity.
On November 5, 2017, they appeared on Season 9 of Shark Tank USA with the company’s valuation net worth of $8.3 Million.
The Pearachute went out of business in 2021.
Pearachute Net Worth
| Net worth | $3.3 Million (2017) |
| Lifetime sales | – |
| Investor | Mark Cuban |
| Founder | Desiree Vargas Wrigley |
Pearachute Net Worth Timeline
| Net Worth 2023 | Out of business |
| Net Worth 2021 | $3.3 Million (Business valuation) |
| Net Worth 2020 | $2.5 Million |
| Net worth valuation in 2017 after appearing on Shark Tank | $3.3 Million (Business valuation) |
| Net worth valuation in 2017 before appearing on Shark Tank | $8.3 Million (Business valuation) |
Pearachute Pitch on Shark Tank
| Company name | Pearachute |
| Product | Booking service for children’s classes |
| Episode | Season 09 Episode 07 |
| Founder | Desiree Vargas Wrigley |
| Asked for | $500,000 for 6% equity |
| Final deal | $500,000 for 15% equity |
| Shark | Mark Cuban |
| Location | N Southport Ave, Chicago, IL |
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Pearachute Founder
Pearachute was founded by Desiree Vargas Wrigley in 2015. She has a degree in economics. She also started the world’s first crowdfunding platform. Pearachute’s founder, Desiree Vargas Wrigley, has a net worth of USD 3.3 Million as of 2023.
Key accomplishments:
| Year | Accomplishment |
| 2021 | The company got recognition for its model to help small businesses grow. |
| 2017 | Pearachute has been featured in Shark tank |
Conclusion:
Pearachute Some companies that appear on the show have not achieved great success, and Pearachute is one of them. Sometimes businesses don’t succeed for many reasons. Sometimes, the deal falls through after the founders say yes on camera. Or, as you’ll see, sometimes things happen to the founders themselves, and they choose to abandon the business. Anything is possible. However, Pearachute went out of business in 2021. And the product is no longer available in the market.