Toygaroo was a service for renting toys, best known for its appearance on an episode of ABC’s Shark Tank. Here’s what you need to know about it:
1. Toygaroo went bankrupt on April 3, 2012.
2. According to the Shark Tank blog, Toygaroo fared far worse than the average business featured on the show, 80% of which were still in business at the time of the Toygaroo bankruptcy.
3. Although a Netflix for toys might sound appealing on first blush, branding blogger Tyler Anne Rose suggests that there’s an “ew” factor, unique to children’s toys. Children tend to not mind letting their saliva or snot mingle with their closest possessions, which makes the notion of passing the toys between children through the mail, less than appealing.
4. Toygaroo was co-founded by entrepreneur Nikki Pope.
5. The company was based in Silver Lake, California.