in , ,

YuBo Net Worth 2023 Update (Before & After Shark Tank)

YuBo

YuBo, Kids’ Lunchboxes, was started by Cyndi and Paul Pedrazzi in 2007. YuBo net worth was $1 Million in 2013 based on the Shark Tank deal of $150,000 for 15%  equity.

On November 22, 2013, they appeared on Season 5 of Shark Tank USA and made a deal with Robert Herjavec, and Kevin O’Leary, $150,000 for 20% of equity.

YuBo company shut down its business in 2019.

YuBo Net Worth

Net worth$1 Million (Business valuation)
Lifetime sales$250,000
InvestorsRobert Herjavec, Kevin O’Leary
FoundersCyndi and Paul Pedrazzi

YuBo Net Worth Timeline

Net Worth 2023Out of business
Net worth valuation in 2013 after appearing on Shark Tank  $750,000
Net worth valuation in 2013 before appearing on Shark Tank  $1 Million

YuBo Pitch on Shark Tank

Company nameYuBo
ProductKids’ lunchboxes
EpisodeSeason 05 Episode 16
Founders Cyndi and Paul Pedrazzi
Asked for$150,000 in exchange for 15%
Final deal$150,000 in exchange for 20%, dropping to 10% upon repayment within 18 months
SharksRobert Herjavec, Kevin O’Leary
LocationUSA

Don’t miss these products from Season 5

YuBo Founders

YuBo was founded by Cyndi and Paul Pedrazzi in 2007. They are husband and wife entrepreneurs. They want to make an eco-friendly, and dishwasher-safe lunch box for Children.  YuBo’s founders, Cyndi and Paul Pedrazzi have a net worth of USD 1 Million as of 2023.

Key accomplishments

YearAccomplishment
2013Yubo Appeared on Shark Tank
2010Yubo Kids Lunchboxes is an Award-winning design in the Green GOOD DESIGN Awards

Conclusion

Some companies that appear on the show have not achieved great success, and the YuBo 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, YuBo went out of business in 2019. And the product is no longer available in the market.

What do you think?

Written by GAG Team

Nopalera

Nopalera Net Worth 2023 Update (Before & After Shark Tank)

Pursecase

Pursecase Net Worth 2023 Update (Before & After Shark Tank)