Banana Phone Shark Tank Net Worth-What Happened After Shark Tank?
Banana Phone Shark Tank Net Worth
As of March 2023, Banana Phone is still in business and estimated to have a net worth of $2.5 million.
Banana Phone is a company founded in 2017 by Brian Brunsing, Charlie Katrycz, and Max Brown. Their product is a Bluetooth handset for cell phones with the same shape and looks as a banana.
They appeared on Season 14 Episode 2 of Shark Tank USA, asking for $250K for a 10% equity, with a $2.5 million valuation.
In September 2022, Banana Phone appeared on Shark Tank Season 14 with the hopes of raising $250,000 for just 10% equity.
However, none of the sharks made an offer as they couldn’t find a way to make their money back in a reasonable amount of time.
Despite not getting a deal on Shark Tank, Banana Phone’s net worth is estimated to be $2.5 million as per the founders’ valuation. As of September 2022, Banana Phone had total sales of $1.6 million.
The product costs $39.99 and works with Android and iPhone. Customer acquisition costs are $9 which impressed the sharks.
Banana Phone is a Bluetooth device shaped like a banana that allows for conversations to take place. The company was founded in 2017 by Brian Brunsing, Max Brown, and Charlie Katrycz.
Banana Phone has been featured in HuffPost, Esquire, and The Verge. They also released a kid’s song named “Banana phone” on YouTube which gained 25 million views as of 2022.
What Is Banana Phone? Who Founded Banana Phone?
Banana Phone is a new generation of cordless phones that allows users to converse on their phone while really speaking into the “banana.”
The handset connects to Bluetooth devices such as Google, Siri, Alexa, Android, and iPhone and Bluetooth speakers.
It was invented by three entrepreneurs, Max Brown, Brian Brunsing, and Charlie Katrycz from Bend, Oregon.
They met as campers and guides at Camp Pathfinder. The cost of the Banana Phone is $49.99 and can be bought directly from the company’s website.
It is important to note that Bananaphone is also a children’s album released by Raffi and Michael Creber in 1994.
The album is best known for its title track which uses puns such as “It’s a phone with appeal!” (a peel) and nonce words like “bananular” and “interactive-odular” as Raffi extols the virtues of his unique telephone.
The song has experienced sustained online popularity since 2004 on platforms such as YouTube and TikTok.
What Happened To Banana Phone At Shark Tank?
Banana Phone appeared on Shark Tank during Season 14 and failed to earn a deal with the sharks. The entrepreneurs, Brian Brunsing, Max Brown, and Charlie Katrycz, asked for $250,000 for 10% equity in their business.
All of the sharks decided to drop out of the negotiations without making an offer as they couldn’t find a way to feasibly make their money back in a reasonable amount of time.
Since appearing on Shark Tank, Banana Phone has been selling online on Amazon and their website.
They have also donated 1% of their yearly sales to Gearing Up 4 Gorillas, a non-profit that focuses on the conservation of mountain gorillas in the Virunga National Park in the Congo.
As of September 2022, Banana Phone had total sales of $1.6 million and a net worth of $2.5 million.
What Happened To Banana Phone After Shark Tank?
Banana Phone appeared on Shark Tank in episode 1402, where entrepreneurs Max Brown and Brian Brunsing introduced their “phone with APPEAL” to the Sharks.
The Banana Phone is a Bluetooth device that looks like a banana and works with genuine smartphones, allowing for conversations to take place.
They asked for $250,000 for 10% equity but did not receive any offers from the Sharks. Despite not getting a deal on the show, Banana Phone is still in business and has been selling online on Amazon and their website since then.
As of September 2022, Banana Phone had total sales of $1.6 million. They have gained 25 million views on their YouTube Banana Songs as of 2022.
The company donates 1% of its yearly sales to Gearing Up 4 Gorillas, a non-profit that focuses on the conservation of mountain gorillas in the Virunga National Park in the Congo.
As of March 2023, there are no further updates available about Banana Phone’s progress after Shark Tank.
Is Banana Phone Still In Business?
Yes, Banana Phone is still in business as of November 2022. The company was founded in 2017 by three friends who share a love for gorillas and bananas.
The product is a novelty Bluetooth-enabled device that can connect to smartphones. It looks like a banana and can be used for entertainment purposes only.
The phone has been featured on Shark Tank, where the entrepreneurs pitched their business idea but did not get a deal.
Banana Phone has lifetime sales of $1.6 million and a net income of $400,000 as of 2021. The company donates 1% of its profits to protect endangered gorillas in the wild. They have gained 25 million views on their YouTube Banana Songs as of 2022.
The future seems bright for Banana Phone, but they need to find a way to grow their business through proper marketing strategies.
Despite being more of a novelty gift than an actual technological device that would be used seriously, the product is still alive and well with positive reviews on Amazon where it averages 4.5 stars from over 1,280 users.
