Desiree Vargas Wrigley created Pearachute in 2015 to make booking kids’ activities easier for parents. She pitched the idea on Shark Tank in 2017 and received a $500,000 offer from Mark Cuban for 15% equity, though the deal didn’t finalize.
Despite this, Pearachute expanded to cities like Dallas and San Francisco and raised $3.1 million in funding by 2020.
However, the COVID-19 pandemic greatly impacted the business, leading to its closure in 2022. While Pearachute is no longer operational as of 2025, its innovative approach inspired other services for flexible activity booking.
Pearachute Net Worth
| Net worth | $2 Million (2025) |
| Annual Sales Revenue | $1.3 Million |
| Investor | Mark Cuban |
| Founders | Desiree Vargas Wrigley |
| Employees | 10 to 20 |
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:
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 Spretz and its continued success.
