He’s already worth a whopping $100 million and has a hand in a number of profitable companies, but businessman and Shark Tank investor Robert Herjavec has just struck gold—again.
Herjavec just announced via Twitter that one of the companies he invested in last year during the fifth season of Shark Tank, Happy Feet, is teaming up with DreamWorks Animation, which produces some of the most popular animated films in Hollywood, including the Shrek, Madagascar, and How to Train Your Dragon franchises. Herjavec tweeted, “I’m thrilled to announce a collaboration between my investment Happy Feet @buyhappyfeet & DreamWorks @DWanimation! [sic]” He also included a link to the official press release on his web site.
As a result of the new partnership, Happy Feet is now producing a line of plush slippers and toys based on some of DreamWorks’ most iconic characters. The licensed slippers and plush toys are available for purchase on the company’s web site and range in price from $19 to $34.
Herjavec’s decision to invest in Happy Feet was obviously a profitable one. The company has seen steady growth since launching back in 1996. What started as a small, family-run mall cart business has since grown to include several high-profile licensees, including the NBA, NCAA, NFL, and Nicole “Snooki” Polizzi, who did wonders for Happy Feet when she wore her signature line of slippers on Jersey Shore.
When Happy Feet appeared on Shark Tank, they wound up striking quite a deal with Herjavec—he gave them $375,000 in exchange for a 25% stake in their company. When it comes to investing, Herjavec certainly knows a treasure chest when he sees one.
Robert Herjavec, Twitter post, November 9, 2015, 9:30 a.m.
“Shark Tank Season 5 Venture Happy Feet Aligns with DreamWorks Animation,” Robert Herjavec web site, November 9, 2015.