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What is Nameberry?
NameBerry is the world's largest website devoted to baby names, offering a comprehensive database, personalized name recommendations, and an engaged community for name enthusiasts.
Nameberry's Shark Tank Pitch Recap
Pamela Redmond pitched NameBerry, a website dedicated to baby names, seeking $350,000 for 5% equity. She highlighted the platform's extensive database, active community, and unique tools like the Baby Name DNA generator. Redmond revealed the company's profitability and discussed plans to leverage AI for personalized name recommendations. While some Sharks expressed concerns about defensibility against large language models, Kevin O'Leary recognized the value of NameBerry's data. After negotiations, Redmond accepted O'Leary's revised offer of $700,000 for 24.9% equity, valuing the company at $4.2 million.
Who invested in Nameberry?
Kevin O'LearyNameberry's Pitch Highlights
Pamela Redmond started her research on names way back in 1988 and has written ten books on the subject.
NameBerry boasts a vast database of 70,000 names and caters to millions of name enthusiasts every month.
The platform's Baby Name DNA tool offers personalized name recommendations, adding a touch of innovation to the process.
The name Kevin, as highlighted during the pitch, signifies "handsome" in Irish, showcasing the platform's ability to reveal intriguing name meanings.
The company has been profitable for 10 out of its 15 years of existence, demonstrating its business acumen and sustainability.
Despite having a substantial email list of 100,000 subscribers with a 50% open rate, NameBerry primarily relied on advertising revenue at the time of the pitch, highlighting a potential area for growth and monetization.
During the pitch, the strategic importance of capturing user data at birth was emphasized, suggesting a valuable opportunity for targeted marketing and collaborations within the childcare industry.
Pamela Redmond accepted Kevin O'Leary's offer of $700,000 for 24.9% equity
Nameberry Shark Tank Update
- Introduced "Zodiac Names" feature.
- Added "Popular Names by State" feature.
- Experienced increased website traffic.
- Maintained existing services (database, blog, newsletter, BabyNameDNA).
Key Milestones
2008 - Launched
Nameberry.com launched.
2025-01-31 - Shark Tank Appearance
Appeared on Shark Tank Season 16, Episode 10.
2025 - New Features Added
Added Zodiac Names and Popular Names by State features post-show.
