Tiffany Krumins Net Worth: Tiffany Krumins is a podcast host, motivational speaker, and successful entrepreneur. Tiffany is a motivational speaker, a podcaster, an inventor, a mother, a wife, and an entrepreneur. He is also a cancer survivor. You may know her from the premiere episode of Shark Tank in 2009, where she emerged the winner of $50,000.
Tiffany Krumins is a woman who has built a multi-million dollar business for herself through tireless work and passion because of her empathy and love for others, especially young children. Tiffany is active on Instagram, Twitter, and LinkedIn.
Tiffany Krumins Journey to Success
Before becoming an entrepreneur, Tiffany was a nanny to a beloved little boy with Down syndrome. Because of her attentive and caring nature, she discovered that the young boy found it hard to take medication – not because of the taste of the medicine – but because of the process. The reason itself.
As a result, she came up with the idea of ”Ava the Elephant”. She went on the Shark Tank show to present her idea for a business and she walked away with $50,000. Three months after his big win on Shark Tank, he was diagnosed with thyroid cancer, although he is a hero, even cancer couldn’t stop him from completing his invention.
She was determined to help sick children with her invention and nothing could stop her, after the successful launch of “Ava the Elephant”, Tiffany’s creative juices fueled another business venture called “Opu Probiotics”. Gave birth to, which he started in partnership with his father. , OPU Probiotics provides daily probiotics for youth ages 2 and up.
Tiffany Krumins Marital Status
Tiffany Krumins is a married woman. They got married in 2005 and since then, the couple has been living together in blissful harmony. Tiffany and her husband were blessed with their first child in 2010 and their second child in 2014.
Tiffany Krumins secured a $50,000 investment in the inaugural episode of Shark Tank, which aired on ABC in 2009. Tiffany’s brainchild was inspired by a sweet-natured boy with Down syndrome who struggled to take his medication.
As her nanny, Tiffany did her best to calm her anxiety. With lightning creativity, she pieced together fabric, a sponge, and a plastic medicine dropper, and brought her creation to life by incorporating a recordable sound chip from a greeting card.
Ava the Elephant was born and is now one of Shark Tank’s most famous and beloved successes. Seven years into Tiffany’s entrepreneurial journey, she licensed her product to a big brand. They found the ideal licensing partner in Baby Delight. Two years later, the brand was acquired by Better Family, Inc. Will be acquired by.
Tiffany Krumins Business
Tiffany’s infectious spirit has attracted the attention of media giants such as Dr. Oz, Fox Business, Entrepreneur, Forbes, and most recently the Today Show. She was even promoted in The Huffington Post as a modern Mary Poppins. Tiffany transitioned from nanny to inventor and entrepreneur on a wave of supernatural creativity, clever business strategies, and solid causes that touched her heart.
A respected inventor, iHeartRadio host, motivational speaker, successful entrepreneur, and mother of three, Tiffany now approaches all of her ventures with the daily intention that business success and personal fulfillment are not mutually exclusive. Tiffany Crummins’ “big idea” came to her while volunteering with disabled children.
A little boy struggling with a serious problem like taking medications and getting a haircut found solace just by having a stuffed animal nearby. I saw tremendous struggles with these kids and had some successes with stuffed animals, Crummins said. “He was very comfortable with them, and that was my moment of clarity. I thought medicine dispensers should be in the shape of an animal.
He then watched a casting for ABC’s hit TV show, “Shark Tank,” and applied to pitch his invention to investors on the set. With her clay dispenser prototype and obvious passion, Crummins became the first woman to receive an investment in the show from real estate titan Barbara Corcoran.
But soon after, in 2010, shortly after giving birth to her first child, she was diagnosed with thyroid cancer. But instead of derailing her business plan, this momtrepreneur says she reflected on the strength she saw in her children’s patients, including the cancer patients she volunteered to serve during her career.
Just seeing their little faces light up was enough,” he said about continuing his business. “I was in the happiest time of my life [when diagnosed]. The move paid off, and then some. AVA The Elephant is now sold in over 10,000 stores nationwide and recently passed the $1 million mark in retail sales, a little more than a year after being brought to market.
Today, she is cancer-free and has a daughter, Annabelle, Krumins is also expecting her second child with her husband. The business employs a logistics company of about 30 people that handles its shipments to stores including Babies R Us and Kroger retailers. She says she is soon launching five more medical products, which are currently in development. She is rebranding the AVA dispenser as “a greener product with more sustainable packaging.
What Is Ava The Elephant?
Ava the Elephant is an animated talking/singing medicine dispenser designed to make medicine time more fun and convenient for parents and kids. The Ava elephant dispenses the medicine in a dropper hidden in the trunk of its animal’s face. It aims to reduce children’s worries about taking medicines.
Ava the Elephant is an innovative product created by Tiffany Crummins, aimed at helping the child she was caring for take oral medication. The product features a medicine dropper disguised as an elephant with a recording of Tiffany’s voice congratulating her on taking the medicine.
Tiffany Krumins Shark Tank Journey
Ava the elephant encourages children to take medicine; even if they hate doing it, it is perfect for them. Any parent will tell you that giving medicine to a child who does not want to take it is not fun. Kids are very creative, and it can be tricky when they do not want to do something.
Some children get creative and do things parents do not want to, such as the last-minute head turn, the spoon slap, or the quick dive under the kitchen table. Medicine gets mixed with other household products and ends up everywhere except inside your child’s body.
Ava the elephant is adorable and would make a great gift for a baby shower. New mothers love Ava as much as parents of any other age child. Ava the Elephant comes with her medicine dispenser, which you load according to the directions on the package.
Barbara Corcoran offered Tiffany $50,000 in exchange for 55% equity, which Tiffany accepted. Ava The Elephant has since become a success story, with Tiffany licensing the company to the brand Better Family and appearing in a commercial for the product.
How Was The Shark Tank Pitch Of Ava The Elephant?
Tiffany Krumins appeared on Shark Tank seeking an investment of $50,000 for a 15% equity in Ava The Elephant. She explains how she got the idea to create Ava the Elephant. And how she wanted to help people who were afraid to give children medicine. She showed the Sharks the prototypes of Ava the Elephant and explained how it worked.
Kevin O’Leary is concerned that the drug would not be as effective if children connected Ava the Elephant to a medicated child. Tiffany agreed with him. Barbara was not interested in working with Tiffany. Tiffany explained that children are not afraid of the taste of the medicine, but the idea of being offered the medicine is important.
Ava the Elephant congratulates the children for taking their medicine by telling them it tastes good. This causes them to be happy. Kevin believed that Tiffany sold more of an idea than an actual business. He questioned whether he would obtain a good return on his investment in the business. He was out.
Robert liked the product and thought it showed that the founder was very driven and determined. But he agreed with the other Sharks that it appeared to be a great idea but was not substantial enough to become a successful business. He believed it was in Tiffany’s best interest to get a big company to take Ava the Elephant on a licensing deal instead of getting investors for Ava the Elephant.
Tiffany Krumins Net Worth Frequently Asked Questions (FAQs)
What is Tiffany Krumins net worth?
Tiffany Krumins’s net worth is $16 Million.
What is Ava the elephant?
Ava the Elephant is the only talking medicine dispenser, seen on the shark tank. Ava helps administer the entire medicine dosage on the first try and it creates a pleasant experience for kids to take their medicines and gives them positive reinforcement.
Who is the CEO of Ava the Elephant?
Tiffany Krumins was awarded $50,000 on the inaugural episode of ABC’s Shark Tank. She pitched her first invention, Ava the Elephant. Ava the Elephant was inspired by a sweet-natured boy with Down syndrome who struggled to take medication.
How much money has Ava the Elephant made?
Krumins got $50,000 for a 55 percent company stake, and sales shot up 500 percent in one year to $500,000. Now, the product is sold in more than 10,000 stores and 10 countries, bringing in about $1 million each year.