Candi Shark Tank Update | Candi Net Worth

Candi, as featured in episode 10 of season 13 of Shark Tank, is a social media platform that offers fans the opportunity to have direct, one-on-one conversations with their favorite celebrities, including actors, influencers, and athletes.

Founded by the husband-and-wife team Keithan and Quiante Hendrick, Candi allows users to book time slots for virtual meet and greets through their website.

The platform stands out by providing a personalized experience that goes beyond just receiving pre-recorded videos, offering fans the chance to interact live with their idols.

While Candi faced challenges on Shark Tank due to high investment demands and operational limitations, the platform has continued to evolve post-show, expanding its roster of celebrities and introducing new features like connecting businesses with influencers for promotional collaborations.

With its focus on creating meaningful connections between fans and celebrities, Candi remains a compelling choice for those seeking authentic interactions with their favorite stars.

Company NameCandi
FounderKeithan and Quiante Hendrick
ProductAn online service that connects fans with celebrities
Investment Seeking$500,000 for 15% Equity
Final Deal AcceptedNo Deals
Shark NameNo Sharks
EpisodeSeason 13, Episode 10
Business StatusIn Business
WebsiteCandi Website
Net Worth$3.5 Million *estimated

What Is Candi?

Candi is a social network platform where fans can directly chat with celebrities and influencers. Users can select a celebrity, purchase a Meet & Greet session (with the cost set by the celebrity), and then coordinate a virtual meeting through a Zoom link provided by a Candi representative.

Candi is a platform where users can book video chats with various celebrities and influencers for a fee. Users can choose their preferred celebrity or influencer, book a time for a video chat, and have a meet-and-greet session virtually.

Candi Shark Tank Update | Candi Net Worth

The platform offers live interactions with celebrities from different fields, such as actors, athletes, chefs, comedians, entrepreneurs, fitness experts, influencers, models, motivational speakers, musicians, podcasters, politicians, reality TV stars, TikTok personalities, and YouTubers.

Additionally, celebrities can host Go Live sessions where multiple fans can attend. The platform has gained popularity with thousands of Meet & Greets sold, partly due to celebrities promoting it on their social media accounts.

Who Is The Founder Of Candi?

Keithan and Quiante Hendrick are the visionary founders behind Candi. Keithan’s background includes adopting his two younger brothers at the age of 19, pursuing degrees in Applied Engineering and JD, and working as a corporate attorney.

Quiante, on the other hand, was studying law when they embarked on their entrepreneurial journey.

The idea for Candi was conceived during their high school days when Keithan, a former football team captain, sought academic assistance from Quiante, the cheerleading squad captain.

They spent countless hours scouring the Internet and social media for contact information despite not having any connections to celebrities. Their relentless efforts paid off as they managed to recruit 26 celebrities within the first week and 350 within a year.

Prior to their appearance on Shark Tank in Season 13, Episode 10 on 01/07/22, Keithan was practicing as a corporate attorney while Quiante was immersed in law school.

Their journey from avid fans to establishing virtual connections with celebrities showcases their determination and innovative spirit.

Candi has sold thousands of Meet & Greets thanks to celebrity endorsements on social media, solidifying its position as a unique platform that bridges the gap between fans and their idols.

How Was The Shark Tank Pitch Of Candi?

  • Founders: Keithan and Quiante Hendrick
  • Product: Live video chats with celebrities
  • Product: Candi is a live video chat platform connecting fans with celebrities.
  • Investment Sought: $500,000 in exchange for 15% of the company.
  • Final Deal: No Deal

Keithan and Quiante Hendrick presented Candi during their Shark Tank pitch as a platform for fans to engage in live video chats with celebrities.

The founders shared their vision for Candi, emphasizing the personalized and interactive nature of the platform compared to existing models like Cameo.

Candi Shark Tank Update | Candi Net Worth

They highlighted key features such as allowing celebrities to set their prices and retain 75% of their earnings. The Hendricks, seeking $500,000 for a 15% stake, showcased early success with $100,000 in profits, demonstrating market validation.

However, the Sharks had reservations. Kevin Hart expressed concerns about market saturation and the potential for differentiation in the social media space.

Mark Cuban and Kevin O’Leary felt that the valuation was too high, given the current stage of the business.

Despite the founders’ compelling backstory and initial success, all Sharks, including Lori Greiner and Barbara Corcoran, opted not to invest in Candi.

The rejection left Keithan and Quiante Hendrick without a deal on Shark Tank, compelling them to continue growing Candi independently post-show.

Shark’s Views:

  • Kevin Hart expressed concerns about market saturation.
  • Mark Cuban and Kevin O’Leary felt the requested deal was too large.
  • Lori Greiner and Barbara Corcoran aligned with other Sharks’ views.

Investment Offers:

  • Kevin Hart, Mark Cuban, Kevin O’Leary, Lori Greiner, and Barbara Corcoran all declined to invest.
  • Final Deal: The founders did not secure a deal on Shark Tank.
Shark’s NameInvestment OfferedCounter Offer by FoundersFinal Deal Accepted
Kevin HartNoneN/AN/A
Mark CubanNoneN/AN/A
Kevin O’LearyNoneN/AN/A
Lori GreinerNoneN/AN/A
Barbara CorcoranNoneN/AN/A

Did Candi Get a Deal on Shark Tank?

Candi, the virtual platform connecting fans with celebrities, did not secure a deal on Shark Tank. Co-founders Keithan and Quiante Hendrick sought $500,000 for a 15% equity stake, but the sharks did not invest.

Despite generating $100,000 in sales, the business’s net profit of $25,000 did not align with the investment request, leading to no deal on the show.

Also read, SMART Tire Company Shark Tank Net Worth

What Happened To Candi After Shark Tank?

After appearing on Shark Tank, Candi, the celebrity video chat startup, failed to secure the desired $500,000 investment from the sharks due to the high asking price. Despite this setback, Candi continued to grow its base of celebrity users.

The company made significant upgrades, including a feature connecting business owners with influencers to facilitate product promotions. However, Candi has yet to develop a dedicated mobile app, a key part of their growth plan discussed on the show.

 The founders, Quiante and Keithan Hedrick continue to operate the platform, which has attracted over 350 celebrity clients since its launch in April 2020.

Candi’s unique concept of providing fans with direct interaction opportunities with famous personalities has garnered attention and support.

Candi Shark Tank Update | Candi Net Worth

As Black founders, Quiante and Keithan aim to create a space for Black entertainers within the industry. The success and growth of Candi’s post-Shark Tank appearance reflect the potential and appeal of their innovative approach to celebrity engagement.

The future of Candi remains uncertain, with no news on the development of their planned mobile app. The company’s current focus is on maintaining its existing platform and celebrity user base.

The potential for securing more high-profile talent could significantly impact Candi’s future success in the competitive social media market.

Also read, Black Sands Entertainment Shark Tank Net Worth

Candi Shark Tank Update

After its appearance on Shark Tank, Candi unfortunately did not secure a deal with any of the sharks. Despite this setback, the platform continued to operate and has seen significant growth and success over the years.

As of 2024, Candi remains in business and has an estimated net worth of $3.3 million. The founders, Keithan and Quiante Hendrick have been actively promoting and marketing the platform, attracting more celebrities and fans.

The platform has expanded its roster of celebrities and influencers, with notable names such as Sisqo, Andre Reed, Tori Spelling, and Chris Kattan joining the platform.

One of the key developments post-Shark Tank is the introduction of a new feature that allows business owners to connect with influencers for promotional purposes. This addition has further enhanced the platform’s appeal and utility for both celebrities and businesses.

During the challenging times of the COVID-19 pandemic, Candi experienced a surge in popularity as fans sought comfort and entertainment by connecting with their favorite celebrities through the platform. This increased demand and engagement have contributed to Candi’s growth and success.

Despite not securing a deal on Shark Tank, Candi has thrived and evolved into a successful platform with a promising future ahead.

Also read, Snactiv Shark Tank Update | Snactiv Net Worth

What Is the Net Worth Of Candi?

According to our research, Candi’s net worth is estimated to be $3.5 million. The valuation of Candi was $3.33 million when it appeared on season 13 of Shark Tank.

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