Desiree Vargas Wrigley created Pearachute in 2015 to make booking kids’ activities easier for parents. She pitched the idea on Shark Tank in 2017 and received a $500,000 offer from Mark Cuban for 15% equity, though the deal didn’t finalize.
Despite this, Pearachute expanded to cities like Dallas and San Francisco and raised $3.1 million in funding by 2020.
However, the COVID-19 pandemic greatly impacted the business, leading to its closure in 2022. While Pearachute is no longer operational as of 2025, its innovative approach inspired other services for flexible activity booking.
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Pearachute Net Worth
| Net worth | $2 Million (2025) |
| Annual Sales Revenue | $1.3 Million |
| Investor | Mark Cuban |
| Founders | Desiree Vargas Wrigley |
| Employees | 10 to 20 |
Pearachute Pitch on Shark Tank
| Company name | Pearachute |
| Product | Booking service for children’s classes |
| Episode | Season 09 Episode 07 |
| Founder | Desiree Vargas Wrigley |
| Asked for | $500,000 for 6% equity |
| Final deal | $500,000 for 15% equity |
| Shark | Mark Cuban |
| Location | N Southport Ave, Chicago, IL |
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Pearachute Founder
Pearachute was founded by Desiree Vargas Wrigley in 2015. She has a degree in economics. She also started the world’s first crowdfunding platform. Pearachute’s founder, Desiree Vargas Wrigley, has a net worth of USD 3.3 Million as of 2023.
Key accomplishments:
| Year | Accomplishment |
| 2021 | The company got recognition for its model to help small businesses grow. |
| 2017 | Pearachute has been featured in Shark tank |
Conclusion:
From their beginnings on Shark Tank to their current status as a thriving business. they have proven that with the right idea and execution, anything is possible. We can’t wait to see the future for Spretz and its continued success.