Balm Chicky Balm Balm Shark Tank Net Worth 2023
Balm Chicky Balm Balm Shark Tank Net Worth
Balm Chicky Balm Balm is a sharable lip balm company founded by Liz Moscoe and Abby Schwab.
In February 2015, they appeared on Shark Tank and sought $75,000 in exchange for a 20% equity stake. Before appearing on the show, their business was valued at $375,000 USD.
They had only sold $17K worth of products at the time of their appearance, but have since grown to have competitors such as The Lip Bar and Lipslut. Their current net worth is unknown.
What is Balm Chicky Balm Balm? Who is the founder of Balm Chicky Balm Balm?
Balm Chicky Balm Balm is a lip balm brand that takes inspiration from the 1970s when it was common to carry lip balm and a comb in your back pocket.
The brand’s unique feature is its product design, which includes flavors such as Juicy Melons, Wild Mountain Honey, Huge Cucumber & Mint, Sweet Baby Ginger, and Hot Chocolate Love.
Balm Chicky’s lip balm tubes are double-sided, allowing you to share with a friend without worrying about germs. This design is protected by a patent.
The company was founded in 2010 by Elizabeth Moskow and Abby Schwalb, two rebels with a purpose who became friends in Portland, OR.
Their lip balms are all-natural and contain organic extra virgin olive oil, organic palm oil, organic hemp seed oil, beeswax, rosemary extract, vitamin E, mica, titanium dioxide, and iron oxide.
The friend end of the lip balm tube has a flip-top lid, which lets you use the lip balm without contaminating the personal end. The packaging design is copyrighted, giving them a monopoly in the lip balm business.
Balm Chicky’s branding has a feisty attitude that pays homage to the 1970s, with vintage box artwork and names like Juicy Melons, Sweet Baby Ginger, Huge Cucumber, Wild Mountain Honey, and Chocolate Love that have double meanings. They even offer a “Ménage a Trois” 3-pack of lip balms.
Balm Chicky lip balms are priced at $7 each, three for $18, or five for $25, and are available online and at 50-60 retail locations across the United States.
Balm Chicky Balm Balm Shark Tank Pitch
In an episode of Shark Tank, Elizabeth Moskow, and Abby Schwalb presented their line of shareable lip balms called Balm Chicky Balm Balm to the Sharks.
They were seeking $75,000 in exchange for a 20% stake in their company, which was valued at $375,000. Their goal was to expand their retail distribution and increase their cash flow.
The entrepreneurs touted the “friend end” of their product, which they claimed allowed for sharing and served as a conversation starter.
They revealed that their product was available in 60 stores and had generated only $17,000 in sales, but they were still testing the market.
Mark criticized the pornographic packaging, but the entrepreneurs were interested in licensing it. Lori thought the product was overpriced compared to traditional lip balm, while Robert was uncomfortable buying an adult-themed product for his children.
Kevin was not interested in the lip balm market and exited the deal, and Barbara did not see a need for the product and rejected the offer.
Despite their catchy name and unique selling proposition, the entrepreneurs failed to secure a deal, and their company did not appear to perform well after the show aired.
Their Amazon product received a low rating with only four reviews, and three years later, their website was no longer operational, indicating that the company went out of business.
Currently, Elizabeth Moskow works as a Culinary Director at a marketing firm in Boulder, Colorado, while Abby Schwalb is a freelance special event contractor in Portland, Oregon, according to their LinkedIn profiles.
Net Worth of Balm Chicky Balm Balm
The company valuation was $375,000 during and after the pitch, since then the company went out of business, and hence the company net worth is not available.
Balm Chicky Balm Balm Shark Tank Updates
Balm Chicky Balm Balm is a sharable lip balm company founded by Liz Moscoe and Abby Schwab. In 2015, they appeared on Shark Tank seeking $75,000 in exchange for a 20% equity stake in their company.
They pitched their product, which has a “friend end” that allows sharing while keeping germs separate. However, none of the Sharks made an offer, and they left without a deal.
Despite not getting a deal, Balm Chicky Balm Balm rolled out in Target stores nationwide in April 2014.
They had some success for a year or so, but the company ultimately ran out of money in the years after appearing on Shark Tank. As of 2023, Balm Chicky Balm Balm is no longer in business, and the company website is not currently in existence.
Balm Chicky Balm Balm Shark Tank Table Summary:
|Balm Chicky Balm Balm
|Elizabeth Moskow and Abby Schwalb
|Shareable lip balms
|Double-sided lip balm tubes for sharing and a flip-top lid to prevent contamination
|Appearance on Shark Tank
|Season 6, Episode 19 (February 2015)
|Amount Requested on Shark Tank
|Equity Stake Offered
|Valuation Before Shark Tank
|Outcome on Shark Tank
|Current Net Worth
|Unknown (Company went out of business)
|The Lip Bar and Lipslut
|Available online and at 50-60 retail locations across the United States
|Target (rolled out nationwide in April 2014)
What Was The Outcome Of Balm Chicky Balm Balm’s Appearance On Shark Tank?
Balm Chicky Balm Balm appeared on Shark Tank seeking a $75,000 investment in exchange for a 20% equity stake in their company. However, they did not receive any offers from the sharks and left the show without a deal.
Despite not securing a deal, the company managed to grow its brand and landed a deal with Target. Unfortunately, the company is no longer in business and ran out of money in the years after appearing on Shark Tank.
Did Any Of The Sharks Make An Offer For Balm Chicky Balm Balm?
No, none of the sharks made an offer for Balm Chicky Balm Balm when it appeared on Shark Tank Season 6. The entrepreneurs, Liz Moskow and Abby Schwalb asked for $75,000 for 20% equity but failed to make a deal.
The sharks were concerned about the company’s low sales, which were only $17,000 then. Despite not getting a deal, the product rolled out in Target stores nationwide in April 2014.
The company has since negotiated with many other retailers to carry their line of kitschy all-natural lip balm.
Did The Balm Chicky Balm Balm Company Receive Any Investment After Shark Tank?
Balm Chicky Balm Balm did not receive any investment after appearing on Shark Tank. Despite not getting a deal, the products rolled out in Target stores nationwide in April 2014.
The company had some success for a year or so, but the women shuttered the company in January 2016. Therefore, it appears that the company did not receive any investment after appearing on Shark Tank.
What Was The Initial Investment Offered By The Sharks?
The TV show Shark Tank involves successful businesspeople, known as Sharks, who are interested in investing in new businesses. The amount of investment offered by the Sharks varies depending on the business idea and their level of interest in it.
For example, in one instance, the Sharks invested $200,000 in Catch ‘N’ Release, a company that specializes in fishing gear, plus a 5% royalty to the original owners. In another instance, all five Sharks invested $1 million in Breathometer, a startup that makes a breathalyzer that connects to a smartphone.
Although entrepreneurs pitch their ideas on the show, not all deals made on Shark Tank are finalized after filming. Some entrepreneurs drop the deal due to significant changes in the terms, while others are rejected by the Sharks.
Overall, the Sharks invest in businesses that they believe will be successful.
Where Can Balm Chicky Balm Balm Products Be Purchased Now?
Balm Chicky Balm Balm lip balm can be bought at more than 378 Target stores nationwide, and the Balm Chicky website can be visited for certain Target locations. However, since the company website is no longer available, it is unclear whether the product is still being sold.
Balm Chicky Balm Balm products can also be purchased on Amazon, where customers can find helpful reviews and ratings for flavors like Juicy Melons, Wild Mountain Honey, Huge Cucumber & Mint, Hot Chocolate Love, and Sweet Baby Ginger.
It is uncertain if Balm Chicky Balm Balm products are available at any other retailers besides Target and Amazon, but the company’s founders are currently in talks with other retailers to carry their line of all-natural lip balm.
How Many Target Stores Carry Balm Chicky Balm Balm Products?
Balm Chicky Balm Balm products are available at over 378 Target stores nationwide.
What Flavors Of Balm Chicky Balm Balm Are Available On Amazon?
Balm Chicky Balm Balm is a line of lip balm that comes in a variety of flavors, including Juicy Melons, Sweet Baby Ginger, Huge Cucumber, Wild Mountain Honey, and Hot Chocolate Love.
The lip balm has a unique double-sided design, allowing you to share it with a friend without transferring germs. Each tube contains three times the amount of balm as a typical lip balm and is made with 100% natural ingredients.
While the brand is available on Amazon, it is unclear which flavors are currently available for purchase. The only flavor mentioned in an article on 2paragraphs.com is Hot Chocolate Balm Chicky, but it is unknown if this is the only flavor currently available.
Is Balm Chicky Balm Balm Still In Business?
Balm Chicky Balm Balm is no longer in business. The company was founded in 2010 by Elizabeth Moskow and Abby Schwalb, and in 2015, they appeared on Shark Tank seeking a $75,000 investment for 20% equity in their company.
However, they did not secure a deal with the sharks. Despite their products being available at Target stores nationwide in April 2014, the company ran out of money and only lasted a few years. The company website is also no longer active.
What Was The Reason For The Balm Chicky Balm Balm Company’s Closure?
Balm Chicky Balm Balm was a company that created a lip balm with a “Friend End” that allowed for sharing without contamination. They appeared on Shark Tank in 2014 but did not secure a deal. Despite this, they landed a partnership with Target to sell their lip balms nationwide.
However, as of 2023, the company is no longer in business, and its products are not available for sale. Their lip balms had a 3-star rating on Amazon, and it appears the company may have struggled financially and ultimately ran out of money.
The reason for their closure is not explicitly stated, but it is inferred that financial difficulties played a role.
Are There Any Similar Products To Balm Chicky Balm Balm Available On The Market?
Yes, there are other options available on the market as alternatives to Balm Chicky Balm Balm. While Balm Chicky Balm Balm has an innovative double-sided design, other lip balms offer similar features.
For instance, EOS lip balm has a distinctive spherical shape that makes it easy to apply and share with others. It is available in various flavors and is made with natural ingredients.
Burt’s Bees lip balm is another option that is made with beeswax and other natural ingredients, and it is available in a range of flavors. It has a simple yet effective design.
There are also other lip balms that have unique packaging and flavors, such as Crazy Rumors lip balm, which comes in flavors like coffee and bubblegum and has fun, colorful packaging.
Hurraw! lip balm is another alternative made with organic ingredients and available in various flavors, including chai spice and black cherry.
In summary, while Balm Chicky Balm Balm has a unique double-sided design, consumers have several options to choose from based on their preferences and needs.
Who is the founder?
The two founders of Balm Chicky Balm Balm are Elizabeth Moskow and Abby Schwalb.
How much were they seeking on Shark Tank?
They were seeking for $75,000 for a 20% stake in their business.
Did they have the deal?
No, they didn’t get the deal on Shark Tank.
Is Balm Chicky Balm Balm still in business?
Balm Chicky Balm Balm is no longer in business and the company website is not currently in existence.
Where was the location of Balm Chicky Balm Balm?
The company is set up in Portland, Oregon, where they initially sold their lip balms.
What is Balm Chicky Balm Balm website?
The Balm Chicky Balm Balm website that is no longer in existence.
Was Balm Chicky Balm Balm a scam?
Balm Chicky Balm Balm was not a scam, they actually had products, and they just didn’t get the deal on Shark Tank.
How much was Balm Chicky Balm Balm cost?
Balm Chicky Balm Balm was $7 each, three for $18, or five for $25.
Where can I buy Balm Chicky Balm Balm?
Balm Chicky Balms were available online, and at 50-60 retail locations around the country, including Nordstrom stores in Bay Area and Washington D.C.
Is Balm Chicky Balm Balm natural balm or balms?
It’s clarified lip balms in various flavors.
What does Balm Chicky Balm Balm sell?
Balm Chicky sells flavored lip balms that contain beeswax and essential oils. The product is also designed to allow for sharing.
What is Balm Chicky Balm Balm niche?
Their niche is adult-themed products.
What were Balm Chicky Balm Balm ingredients?
Lip balms contain beeswax and essential oils. Beeswax: Gooey Wax secreted by worker bees for the construction of honey comb, or beehives.
Bees wax is the main component in natural lip gloss. It is a water-insoluble substance that requires melting to be used in cosmetics and skincare products.
Was Balm Chicky Balm Balm safe for skin?
Yes, they were natural lip balms that were non-toxic and non-alkaline.
What was the best-selling flavor of Balm Chicky Balm Balm?
Their best-selling flavor is Wild Mountain Honey.
Do you know the net worth of Balm Chicky Balm Balm?
Their net worth is not available.
Who was the targeted market of Balm Chicky Balm Balm?
They targeted all ages, genders, and demographics.
What was the revenue of Balm Chicky Balm Balm?
They had revenue of $17,000 in their first 6 months of operation.
Was there any lawsuit on Balm Chicky Balm Balm?
No, they did not have any lawsuit or controversy.
Where are the founders now?
The founders of Balm Chicky Balm have since moved on. Elizabeth Moskow is the Culinary Director for a branding firm, and Abby Schwalb is a freelance event contractor in Portland, Oregon.
How much is Elizabeth Moskow worth?
Elizabeth Moskow net worth is not available.
What is the net worth of Abby Schwalb?
Abby Schwalb net worth is not available.