Boo Boo Goo Net Worth Shark Tank Update 2025

Cuts and bruises are part of every human life. They constitute our daily adventures, risks, and even play time partners. However, they are not only disgusting to look at but also, they sometimes appear in times of special occasions like parties. Thus, creating a sort of obstacle in front of our joyful times and our confidence as we are constantly worried regarding our looks in front of others.

Andrew Kavovit and Kiowa Kavovit are here on Shark Tank to the rescue. This father-daughter duo is the founder of Boo Boo Goo company. Kiowa is only six years old, and she invented this product with the help of her father. It’s a vibrant product in different colors. This is designed as a pendant with a waterproof formula to help seal and conceal the wounds. Even in times of outside parties, it provides skin tone color to completely disappear the wound like magic.

The owners of Boo Boo Goo Company are on Shark Tank, and they are offering 17.5% equity for $100K. They even presented their product prototype in different colors to impress the judges and to approve the request from them. Let’s see if they got the deal or not.

Boo Boo Goo Net Worth Shark Tank Update 2025

Andrew and Kiowa Kavovit were looking for an investment of $100k in exchange for 17.5% equity in their company. At the time of the episode, they valued their company at approximately $571k. They successfully secured a deal with Kevin O’Leary for an investment of $100k for 25% equity in the company, contingent on a patent. The investment adjusted the company’s net worth to around $400k. After the show was aired, the company struggled to gain traction in the market and ultimately discontinued operations in 2017. As per my rough estimate, the current net worth of Boo Boo Goo in 2025 is around $0.

Shark(s) name	Offer & Demand	Counteroffer	Accepted?
Kevin O’Leary	$100K for 17.5% equity	$100K for 25% of equity stake, contingent on a patent.	Yes
Barbara Corcoran	Out	N/A	N/A
Lori Greiner	Out	N/A	N/A
Robert Harjavec	Out	N/A	N/A
Mark Cuban	Out	N/A	N/A

Founders Backstory

As kiowa is only six years of age, she like other children was afraid and bored of the conventional form of ugly and sticky bandage. Moreover, she didn’t want to socialize with wounds on her body which made her a little shy.

Thus, she came up with this pendant with the help of leading wound care chemists, who made the formula germ-free and waterproof. The different colors were actually her own creativity, which she selected from a bunch of different color options with the help of her friends.

Initial Pitch

Kavovit came on Shark Tank with sample prototypes of their product’s different colors bottles for every judge on the set. They requested $100K for a 17.5% equity stack. According to the owners, the pendant, after the end of the day, only leaves a small skin-like waterproof resident which is completely organic and harmless. They also claimed that the most unique thing is the sealant that makes the product waterproof as compared to other available bandages in the market. Moreover, the product is in liquid form and, unlike other liquid bandages, is not flammable at all.

Queries about the Product

Initially Barbara asked regarding the initiation of the idea. Kiowa replied cutely by highlighting how she disliked bandages, and the idea of her boo-boo’s being seen by others. This led to the creation of her product.

Lori asked about the bottles being prototypes for her assurance. Andrew answered in affirmative and also explained that the product is formulated by wound care chemists to insure the health of consumers.

Cuban then jumped in the middle by asking regarding the specialty of the product. Andrew replied by highlighting that the sealant is the most unique feature of their product which is designed to be waterproof.

Lori for the second time asked about the product being licensed i.e., patent. Andew remarked that its in process and they are after it.

Cuban asked about the naturalness of the product. Andrew assured that the product is natural and it only leaves behind a small skin-like, pliable, and waterproof residue at the end of the day.

Lori was very concerned about the product and highlighted that similar products are also available on the market which can be a serious competition for them. She pointed out that the only difference is that their product is colored. Andrew answered her by repeating that their product completely vanishes the wound, which is their main goal.

He also explained that other similar products are flammable and are found on the medical aisles rather than the side of the bandage. Additionally, they have not entered any mainstream market currently and are not known to the 70% of the users of this product, who are basically children between 3 and 15 years of age.

Robert inquired about their plan of creating their own brand identity. Andrew replied that this will be achieved with right partners like the judges to impress them. Moreover, he also mentioned that QVC (Quality Value Convenience) has also showed interest in their product. To ensure his claim, Robert asked Lori to confirm the product’s position to be able to get sold at QVC. To this Lori replied negatively.

The big beast O’Leary showed concerns regarding the product being less competitive as compare to other similar liquid bandage products. To this Andrew hesitated and repeated the same answer that he needed partners like them to grow the company forward.

Shark’s Response and Final Decision

Mark Cuban strongly replied that he has children and they will still be going to pick at the wound even after applying the formula. Moreover, he said that there are still other high-level competitors in the same line, and the product needs to be re-educated to the consumers, which will even be difficult to achieve. These became the reasons for his dropping out.

Barbara then strongly negated the product by declaring it to be useless. She then dropped out, too.

Robert politely handled the situation by highlighting that the product being colorful makes it interesting and unique. However, it still needs some more improvement in the face of other competitors and the data provided are a lot lesser than they should be. So, he backed out as well.

Lori like Robert showed similar concerns and dropped out. However, she wished best of luck for their future and their in-process patent. She even encouraged the young lady for her inventive skills and advised her to keep it like that.

Then came Mr. Wonderful, i.e., Kevin O’Leary. He highlighted that he was stuck on the distribution strategy and the lack of patents. However, he is still down for a deal of $100K for a 25% stack with a condition of a patent. Considering the deal to be reasonable, they made the deal.

Product’s Availability

Despite grabbing a deal with one of the bigger sharks on the show, Kavovit’s were not able to carry on their business on the wider horizon. The product was available for a short span but in 2017 they reached their climax and were not seen afterwards.

Conclusion

The company being a creativity of a 6-years old girl was impressive in its own and it even made a deal with Kevin O’Leary on the show. The product made an impression with its waterproof, non-flammable, and colorful formula but unfortunately it met its end in 2017.