Lugless did not get an investment from the Sharks.
Courtesy of lugless.com
1. Take your next airline trip freed from the hassle of baggage fees.
2. Lugless will pick up the bags you want to take on your next trip and have them waiting at your destination when you arrive.
3. Have a more relaxing and stress-free flight.
Potentially, this is a great idea. I love the idea of taking a flight and not having to worry about checking my bags, paying a baggage fee, and wondering whether they will actually land in the same city as me.
The only problem is, as Mark said - right now it's not differentiated enough from someone like Fedex. It's basically a shipping service. Neither I, nor any of the Sharks, could figure out how to improve the service except to possibly lower the costs until they were well below Fedex's, but then you're walking a tightrope with your margins.
Maybe Kevin's idea is the best: to partner with an airline to integrate the whole experience from beginning to end. That way customers only have to work with one company as opposed to the airline AND Lugless.