ZipString Shark Tank Update | ZipString Net Worth

ZipString is a string toy that was featured in episode 09 of season 14 of Shark Tank. It is a toy that takes the concept of a single strand of string to a whole new level.

Developed by Austin Hillam and Stephen Fazio, ZipString features a device that allows users to control the string and make it travel at speeds of up to 35 miles per hour.

The toy works by balancing forces of gravity, tension, lift, and drag, allowing the string to fly into the air. This control and ability to set the string to fly in different ways make it a fascinating and entertaining toy for people of all ages.

ZipString provides a simple yet engaging way to have fun and unleash your creativity. With its flexible and durable string, users can easily create their tricks and impress their friends.

It offers a break from digital devices and encourages physical activity, making it a great choice for kids who need a break from gaming devices.

ZipString also appeals to adults due to its nostalgic value. It brings back memories of traditional toys from the past and offers a chance for grown-ups to reconnect with their inner child.

The toy’s design is based on science, allowing the string to stand or take shape as it moves at high speeds.

Despite some challenges in setup and potential tangling issues, ZipString is a unique toy with no direct alternatives on the market.

ZipString differs from similar concepts because it incorporates technology and improvements. Its affordability and ability to provide entertainment for all ages make it a worthwhile choice for those seeking a new and exciting toy experience.

ZipString is an innovative string toy that allows users to control the string and make it fly at high speeds. With its versatile design, it provides endless possibilities for creativity and tricks.

ZipString offers nostalgic fun for both kids and adults while offering a break from digital devices. The gadget is inexpensive, entertaining, and a great option for people of all ages despite a few difficulties with setup.

Company NameZipString
FounderStephen Fazio and Austin Hillam
ProductA toy that makes strings fly
Investment Seeking$100,000 for a 10% equity
Final Deal Accepted$100,000 for a 20% equity
Shark Name who investedRobert Herjavec and Kevin O’Leary
EpisodeSeason 14, Episode 09
Business StatusIn Business
WebsiteVisit Website
Net Worth$1 Million

What Is ZipString?

ZipString is a featured string rope launcher loop fidget toy that gained attention after being showcased on Shark Tank. It offers a versatile and fun experience for kids, teens, and adults, allowing for playful lasso games, mesmerizing finger tricks, and enchanting magic loops. The lightweight and portable design makes it convenient for various settings, such as the park, road trips, or casual hangouts.

ZipString Shark Tank Update | ZipString Net Worth

ZipString is designed to boost imagination and serves as an ideal gift for both kids and adults, offering a thrilling and fun experience. The product carefully balances forces of gravity, lift, tension, and drag to fly the string in the air, creating a mesmerizing and entertaining activity.

With various colors and additional string sizes, ZipString provides endless entertainment and trick mastery. The product’s unique features and entertaining nature have garnered positive reviews from users, making it a popular choice for interactive play.

Who Is The Founder Of ZipString?

The founders of ZipString are Stephan Fazio and Austin Hillam. Stephan Fazio was studying for an electrical engineering degree at Georgia Tech in Atlanta when he created the initial version of ZipString, then called the “string shooter”.

He entered his gadget in a competition and won the advanced category. However, he encountered various problems and was unable to refine the design on his own.

Meanwhile, Austin Hillam, who was studying manufacturing engineering at Brigham Young University in Provo, Utah, met Stephan when he returned home to John’s Creek, Georgia for the summer.

They discussed Austin’s engineering prospects and Stephan’s innovative ideas. Stephan showed Austin his mini-lab with the string shooter prototypes, and the two began bouncing ideas off each other.

With the help of Austin’s father, Mark, they set up a workshop in Mark’s basement and worked on numerous prototypes until they achieved the desired design. The original string shooter was clunky, so they redesigned it into a compact and sleek gadget with a rechargeable USB battery.

After making some additional tweaks, they shared videos of their ZipString demonstrations on TikTok, which quickly gained popularity with 20 million views in just one day.

Before appearing on Shark Tank, Stephan and Austin decided to put their education on hold and launched a successful Kickstarter campaign with the support of their parents.

They continued to work out of the basement and received help from family and friends to ship out thousands of ZipStrings across the US and to over 50 countries, especially during the pandemic when supply chains were strained.

The founders also built a strong social media presence with hundreds of thousands (or possibly millions) of followers across various platforms. They encouraged Zipsters (ZipString users) to submit their videos showcasing new tricks with the product.

Additionally, Stephan and Austin became advocates for the invention process and often spoke to school children about the challenges of turning dreams into reality.

Stephan Fazio and Austin Hillam are the founders of ZipString. Stephan initially conceived the idea while studying electrical engineering at Georgia Tech, but it was through collaboration with Austin, who was studying manufacturing engineering at Brigham Young University, that the concept evolved into ZipString.

They refined the design, launched a successful Kickstarter campaign, and gained popularity through social media before appearing on Shark Tank.

How Was The Shark Tank Pitch Of ZipString?

Austin Hillam and Stephen Fazio presented the Shark Tank pitch for ZipString. They sought a $100,000 investment in exchange for 10% equity in their string toy business.

The entrepreneurs explained that ZipString had gained significant viral attention with millions of views, but they had only sold 10,000 units at $25 per unit.

ZipString Shark Tank Update | ZipString Net Worth

They attributed the low sales to manufacturing issues that prevented them from meeting the demand at the time.

The Sharks were initially puzzled by the discrepancy between the viral marketing and actual sales.

However, Kevin O’Leary and Robert Herjavec expressed interest in ZipString’s potential.

Robert offered the exact amount the entrepreneurs asked for $100,000 for 10% equity. Kevin then made a slightly better offer of $100,000 for 9%.

Ultimately, Kevin and Robert teamed up and proposed a joint offer of $100,000 for 20% equity. Fearing that this opportunity might not come again, Austin and Stephen swiftly accepted the offer.

By securing the support of two Sharks, the entrepreneurs anticipated a boost in awareness and social buzz for ZipString.

The table below summarizes the Shark Tank pitch for ZipString:

Shark’s NameInvestment OfferedCounter Offer by FoundersFinal Deal Accepted by Founders
Robert Herjavec$100,000 for 10%$100,000 for 10%No
Kevin O’Leary$100,000 for 9%No
Kevin & Robert$100,000 for 20%Yes

Austin and Stephen successfully secured an investment deal of $100,000 for 20% equity from Kevin O’Leary and Robert Herjavec on Shark Tank.

Did ZipString Get a Deal on Shark Tank?

ZipString did secure a deal on Shark Tank. Founders Stephen Fazio and Austin Hillam appeared on Season 14, Episode 9 of Shark Tank, seeking $100,000 for a 10% equity stake in their company, which was valued at $1 million.

After an engaging pitch and impressive demonstrations of their product, both Kevin O’Leary and Robert Herjavec decided to invest. They offered $100,000 for a 20% equity stake in ZipString.

Stephen and Austin accepted the deal, making Robert and Kevin partners in their business. This successful partnership has helped ZipString gain further recognition and expand its reach.

What Happened To ZipString After Shark Tank?

After appearing on Shark Tank, ZipString received a $100,000 investment from Robert Herjavec and Kevin O’Leary in exchange for a 20% equity stake in the company. This partnership allowed ZipString to reach a wider audience and expand its business.

Following the Shark Tank episode, ZipString experienced a surge in demand, with all products being sold out within two days of airing.

The episode also generated significant pre-orders for the product. The company’s total sales reached $277,000 by December 2022.

ZipString Shark Tank Update | ZipString Net Worth

ZipString continued to operate and ship its products to more than 50 countries. Despite facing supply chain challenges during the pandemic, the company received support from family and friends to ensure manufacturing and shipping.

The product’s features, such as the ability to make strings fly in the air and perform unlimited tricks, created a new category in the toy industry. ZipString became a popular choice for both children and adults, offering a fun and engaging activity.

ZipString remains in business, operating from Johns Creek, Georgia, in the United States. The company employs between 3 to 10 employees and continues to sell its product worldwide.

In terms of pricing, the current cost of a ZipString product is $27.99. The founders of ZipString are Stephen Fazio and Austin Hillam, who started the company in 2021.

Appearing on Shark Tank provided ZipString with valuable exposure and investment, enabling the company to grow its business and bring innovative string-flying toys to customers around the world.

ZipString Shark Tank Update

After appearing on Shark Tank, ZipString received a double deal from Robert Herjavec and Kevin O’Leary. They offered $100,000 in exchange for 20% equity in the business. It is unknown if the deal closed or if Herjavec and O’Leary are still involved with the company.

Post-show, ZipString continued to produce its original toy in Georgia. The toy is available in five colors, and the price has increased from $25 to $29.99. The founders are also working on the next version of the toy, though no details have been released.

Customers have mixed feelings about ZipString. It has a 3.9-star rating on Amazon, with some praising its endless fun and mesmerizing string, while others have concerns about tangling and heat when used for long periods or during charging.

Despite some challenges, ZipString remains in business and continues to grow its social media presence.

While it may not reach the level of iconic toys like the yo-yo or Rubik’s Cube, the forthcoming version of ZipString could become a cultural phenomenon.

In summary, after appearing on Shark Tank, ZipString secured a deal with two sharks, continued production of the original toy, faced mixed customer reviews, and is working on a new version while growing its social media presence.

Is ZipString Still In Business?

Yes, ZipString is still in business. Founded by entrepreneurs Stephen Fazio and Austin Hillam, ZipString is a string toy that defies gravity and allows users to create different shapes and perform mesmerizing tricks.

ZipString Shark Tank Update | ZipString Net Worth

After appearing on Shark Tank and securing a deal with Kevin O’Leary and Robert Herjavec, the company experienced a significant boost in sales and exposure.

Despite challenges with inventory management and competitors imitating their products, ZipString remains available for purchase on Amazon and its website. With glowing reviews and a price of $24.99, ZipString makes for an affordable and fun Christmas present.

What Is the Net Worth Of ZipString?

According to our research, ZipString’s net worth is estimated at $1 million. The valuation of ZipString was $500,000 after securing an investment from Kevin O’Leary and Robert Herjavec on Shark Tank season 14.

Also, read about other businesses that appeared on episode 09 of season 14 of Shark Tank:

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