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Flipstik, featured in Season 12, episode 4 of Shark Tank, is a product designed to make life more convenient for smartphone users. It is a reusable adhesive stick that attaches to the back of your phone or case, providing a multipurpose solution that allows your phone to stick to nearly any surface.
Flipstik is an adhesive product that allows users to stick and reposition their smartphones, tablets, and other objects without leaving any residue behind. The product is made from a special material that utilizes nano-suction technology, which means it can stick to any surface and hold up to 2.2 lbs.
Flipstik is incredibly easy to use: simply attach it to the back of your device and stick it to any surface. The reusable product can be washed with water to restore its stickiness.
Flipstik is perfect for anyone who wants a hands-free experience while using their device or needs to stick it to a surface for an extended period.
Made in the USA, Flipstik is designed to enable the hands-free use of smartphones for video calls, streaming, and taking photos or videos. The key feature of Flipstik is its patent-pending Synthetic Setae adhesive.
The Flipstik is an excellent choice due to its versatility, usability, and stylish design. Its multi-functionality as a kickstand and reusable adhesive gives users a more interactive and hands-free experience. The fact that it is reusable and can be cleaned extends its life, making it a cost-effective solution.
Additionally, its ability to be customized adds a unique element of personality, making it more than just a phone accessory. Whether for work, play, or anything in between, Flipstik enhances the smartphone experience by providing a simple solution to everyday needs.
Company Name | Flipstik |
Entrepreneur | Akeem Shannon |
Product / Business | An adhesive device that enables users to attach their phones to any surface safely |
Investment Asking For | $100,000 for 20% equity in Flipstik |
Final Deal | $100,000 for 25% equity in Flipstik |
Shark | Lori Greiner |
Flipstik Episode | Season 12, Episode 4 |
Flipstik Business Status | In Business |
Flipstik Website | Flipstik Website |
Flipstik Net Worth | $5 Million |
What Is Flipstik?
Flipstik is a smartphone accessory designed to enhance the overall experience of users to facilitate the functionality, convenience, and usability of smartphones. Flipstik is a revolutionary and innovative product that has taken the world of smartphone accessories by storm.
At its core, Flipstik is an adhesive stick that attaches to the back of a smartphone or its case. This versatile accessory is crafted with a proprietary blend of materials, which allows it to stick firmly to a wide variety of surfaces with superior durability, making it ideal for hands-free usage.
With the magic of Flipstik, users can attach their phones to mirrors, walls, or even car dashboards, enabling a comfortable and enjoyable way to watch videos, browse social media, or video chat, without the constant need to hold the phone in their hands.
Flipstik is reusable and washable, one of its outstanding features. Users can easily detach the Flipstik from their phone, wash it, and re-attach it multiple times without losing its adhesive strength.
Furthermore, Flipstik is designed to blend seamlessly with any phone design or color, adding a touch of personalization to your device while providing unmatched functionality. Flipstik has become a conversation starter in social settings beyond its practical applications.
Its modern and sleek design, along with the exciting range of colors and patterns it’s available in, has made it a fashionable choice among today’s tech-savvy consumers. Flipstik is not just a smartphone accessory but a gadget that transforms how we interact with and utilize our smartphones.
Who Is The Founder Of Flipstik?
Akeem Shannon, a young and dynamic entrepreneur, founded Flipstik. Shannon was born and raised in St. Louis, Missouri. Before inventing Flipstik, he had a diverse professional background.
He worked in various roles, such as a sales representative, educator, and music executive. However, his innovative and entrepreneurial spirit eventually led him to tech and startups.
Flipstik was conceived when Akeem’s physicist cousin introduced him to Synthetic Setae, an adhesive technology inspired by geckos’ feet.
Akeem saw the everyday inconveniences faced by smartphone users who want to go hands-free, and he became fascinated by the potential applications of this adhesive. He saw a unique opportunity to provide a solution that could stick phones to nearly any surface.
Akeem developed Flipstik because of his passion for entrepreneurship and revolutionary adhesive technology. He faced numerous challenges, like refining the product design and finding the right manufacturing process, but his determination and perseverance paid off.
Today, Flipstik is recognized as a practical and stylish solution for smartphone users, embodying Akeem’s innovative spirit and dedication to improving everyday conveniences.
Before appearing on Shark Tank, Flipstik had already made significant strides in establishing itself in the market. Akeem Shannon, the founder, had been selling Flipstik online and at various events around his home city of St. Louis, Missouri.
He used his sales background and entrepreneurial acumen to engage customers and demonstrate the unique value proposition of his product.
Flipstik had also raised funds through a Kickstarter campaign to get off the ground, demonstrating that there was indeed demand for such a product.
The Kickstarter campaign helped raise awareness about the brand, and the funds generated were utilized to refine the product and its manufacturing process.
Despite its initial success, Flipstik was still a small operation. Akeem was doing much of the work, from manufacturing to packaging and shipping.
How Was The Shark Tank Pitch Of Flipstik?
Akeem Shannon, the founder of Flipstik, pitched his product on Shark Tank in season 12, episode 5. Flipstik is a smartphone kickstand that adheres to nearly any surface.
Akeem started his business with $5,000, generating $115,000 in sales in the past 24 months. He was seeking $100,000 for 20% of his business from the Sharks, valuing Flipstick at $500,000.
Akeem started his pitch with a rap about Flipstik, which entertained the Sharks. He then demonstrated the product and handed out samples. The Sharks were impressed with the product but concerned about the low sales.
Akeem explained that the sales were low due to the COVID-19 pandemic, which had caused many retail stores to close. The Sharks were also concerned about the competition. Several other smartphone kickstands, including PopSockets and Spigen Tough Armor Kickstand, are on the market.
Even though Akeem’s presentation was impressive, the business environment turned challenging after he revealed only $1,500 in sales over the past month and $115,000 over the past three years.
In response to concerns raised, Akeem explained that 60% of his sales originated from retail outlets, which had been severely affected by the COVID-19 pandemic. Consequently, he sought assistance from the sharks to enhance his online presence.
Considering that each unit could be manufactured for a cost of $0.58, with selling prices ranging from $15 to $30, this aspect caught the attention of Lori Greiner and Kevin O’Leary.
While Kevin offered the amount Akeem requested, he decided to consider Lori’s proposal, ultimately resulting in the loss of the deal with Mr. Wonderful. Nonetheless, Flipstik secured a $100,000 investment from Lori Greiner in exchange for a 20% equity stake in the company.
Final Deal: Lori Greiner agreed to invest $100,000 for a 25% stake in Flipstik.
What Happened To Flipstik After Shark Tank?
The company initiated its sales cycle independently, without any assistance from entrepreneur Lori Greiner. Despite this, they have demonstrated resilience and achieved a remarkable sales figure of $5 million.
Additionally, they have been recognized and awarded two prizes after appearing on the “Shark Tank.” One of the accolades was bestowed by Arch Grants, an organization based in St. Louis, while the second recognition came from UMSL Accelerates.
Currently, the company is negotiating with numerous retailers to secure product placements within their stores. Notably, their revenue experienced a significant growth trajectory, starting at $115,000 in sales and reaching $5 million in 2021.
Even though Akeem’s presentation was impressive, the business environment turned challenging after he revealed only $1,500 in sales over the past month and $115,000 over the past three years.
In response to concerns raised, Akeem explained that 60% of his sales originated from retail outlets, which had been severely affected by the COVID-19 pandemic. Consequently, he sought assistance from the sharks to enhance his online presence.
Considering that each unit could be manufactured for a cost of $0.58, with selling prices ranging from $15 to $30, this aspect caught the attention of Lori Greiner and Kevin O’Leary.
While Kevin offered the amount Akeem requested, he decided to consider Lori’s proposal, ultimately resulting in the loss of the deal with Mr. Wonderful. Nonetheless, Flipstik secured a $100,000 investment from Lori Greiner in exchange for a 25% equity stake in the company.
Flipstik Shark Tank Update
After appearing on Shark Tank, Flipstik, a unique adhesive device created by Akeem Shannon, experienced significant success and continued to thrive.
Flipstik gained popularity on Shark Tank and achieved a lifetime worth of $6.7 million in sales. Although it’s not specified if Flipstik secured a deal on the show, it successfully founded the company and received equity-free funding.
Akeem Shannon, the founder and CEO of Flipstik, made a deal with investor Lori Greiner on Shark Tank. With the help of the St. Louis community and connections made through programs like UMSL’s DEI Accelerator, Shannon secured a deal that led to Flipstik being displayed in Target stores nationwide.
Flipstik expanded its online presence with Lori Greiner’s help, although it’s not currently found on Amazon. The product received an investment of $100,000 for 20% equity from Lori Greiner on Shark Tank, but there is no official update after the show.
The product has generated $5 million in sales, achieved store placements, and has an annual revenue of $5 million. Flipstik plans to introduce new products with a current worth of $1 million to $2.4 million. It remains in business and is headquartered in St. Louis, Missouri.
Flipstik’s future includes expansion into AT&T stores and Pilot Flying J travel centers. The demand for the product arises from the rise of social media content creation using mobile phones. Akeem Shannon, the founder, has gained recognition and is known as the “sticky guy.”
Flipstik has continued to grow and expand its presence in the market after its appearance on Shark Tank, securing retail partnerships and achieving significant sales success.
Is Flipstik Still In Business?
According to our research, Flipstik is still in business. After its appearance on Shark Tank, Flipstik has continued to operate and grow.
Flipstik founder and CEO Akeem Shannon successfully launched the product and secured a deal with investor Lori Greiner on Shark Tank.
Flipstik overcame supply chain challenges and gained popularity among social media content creators. The company’s valuation increased from $400,000 to $5 million.
Flipstik has expanded its retail presence, with the product being available in Target stores nationwide, and plans to expand into AT&T stores and Pilot Flying J travel centers. The company has achieved significant sales success, with lifetime sales worth $6.7 million.
What Is the Net Worth Of Flipstik?
According to our research, the net worth of Flipstick is estimated to be $5 million. The valuation of Flipstick was $400,000 when it secured an investment from Lori Greiner on the Shark Tank show.