Calm Strips Shark Tank Net Worth -What Happened After Shark Tank?

Calm Strips Shark Tank Net Worth 

Calm Strips appeared on Shark Tank in January 2021, where the founders asked for $250,000 for 10% equity valuing the Calm Strips at $2.5 million.

Robert Herjavec invested $250,000 for the same equity deal as Kevin O’Leary – $2.50 per unit until $250,000, then $1.50 per unit until $750,000.

After appearing on Shark Tank, Calm Strips experienced a boost in sales and was overwhelmed with orders. By February 2022, they were in over 30 mom-and-pop retailers.

The company’s annual revenue was estimated to be up to $1 million in 2022. As of 2022, the net worth of the founders Michael Malkin and Luce Fuller is estimated to be around $2 million.

Since appearing on Shark Tank, Calm Strips has been extremely successful with a less than 1% return rate and over $2.5 million in sales. They have also made over $400,000 in the last three months and are now available in over 3,000 stores nationwide.

As of January 2023, Calm Strips had been purchased by over 150,000 customers and attended over 5,000 schools.

 The net worth of Calm Strips itself is also estimated to be around $2.5 – 3 million as of March 2023.

What Are Calm Strips and Who Founded Calm Strips?

Calm Strips is a business that produces textured strips to calm anxiety. The strips are reusable and stick to most surfaces, and can be rubbed, scratched, touched, or picked at to help reduce anxiety and improve focus.

Calm Strips were invented by Michael Malkin, who was the manager at an Apple store before starting Calm Strips.

He created Calm Strips because he used to use a fidget spinner, but his fingers got too sticky. He wanted something more discreet and came up with Calm Strips.

The strips have either a sandy or “river rock” texture, and rubbing them is a tactile calming exercise. They can be adhered to a phone, worn on a key chain or lanyard, or put in your pocket or purse

Calm Strips come in packs of five for $12.99 in a wide variety of colors and patterns. They also sell classroom packs of 30 for $49.99 or school packs of 120 for $119.99. The strips are made of thin but extremely hardy and durable vinyl.

According to their website, Calm Strips help regulate restless energy and promote focus. They are similar to stickers but have a special reusable adhesive and two unique surface textures to choose from.

Michael Malkin is the founder of Calm Strips. He studied at Old Dominion University and has a Graduate Certificate in Project Management as well as a Bachelor of Arts degree.

Calm Strips is a company that produces textured sensory adhesive strips to reduce anxiety and stress. Michael Malkin and Luce Fuller appeared on Shark Tank Season 13 Episode 13 and asked the sharks for $250,000 for 10% equity at a $2.5 million valuation.

Table: Calm Strips Shark Tank Summary

KEY POINTS	INFORMATION
Shark Tank Pitch	$250,000 for 10% equity valuing the Calm Strips at $2.5 million
Shark Tank Deal	Robert Herjavec invested $250,000 for the same equity deal as Kevin O’Leary – $2.50 per unit until $250,000, then $1.50 per unit until $750,000
Boost in Sales	Experienced a boost in sales and was overwhelmed with orders after Shark Tank
Availability	As of February 2022, available in over 30 mom-and-pop retailers and over 3,000 stores nationwide
Annual Revenue	Estimated up to $1 million in 2022
Net Worth of Founders	Estimated to be around $2 million as of 2022
Net Worth of Calm Strips	Estimated to be around $2.5 – 3 million as of March 2023
Purpose	Textured strips to calm anxiety
Founder(s)	Michael Malkin
Product Description	Reusable strips with either a sandy or “river rock” texture that can be adhered to a phone, worn on a key chain or lanyard, or put in your pocket or purse
Price	Packs of five for $12.99, classroom packs of 30 for $49.99, or school packs of 120 for $119.99
Texture	Two unique surface textures to choose from
Annual Revenue (as of October 2022)	Over $1 million
Availability (as of January 2023)	Available online at Walmart and purchased by over 150,000 customers and attended over 5,000 schools
Partnerships	Secured partnerships with several major retailers and online stores such as Bed Bath & Beyond

What Happened To Calm Strips At Shark Tank?

Luce and Michael came to the shark tank season 13 of the show, in search of  $250,000 for a 10% equity of the company. They introduced their product through a short animation and then pitch their offer.

Robert Herjavec was the first to make them an offer, but Calm Strips’ interest in other sharks nearly cost them the deal.

In the end, they accepted Robert’s offer of $250,000 for 10% equity plus $2.50 per unit until they reach $250,000 and then $1.50 per unit until they reach $750,000.

Since appearing on Shark Tank, Calm Strips has been extremely successful with a less than 1% return rate and over $2.5 million in sales. They have also made over $400,000 in the last three months and are now available in over 3,000 stores nationwide.

What Happened To Calm Strips After Shark Tank?

The business received $250,000 investment from Robert for $2.50 per unit until the investment was covered, along with $1.50 perpetuity per unit until Robert makes $750,000.

After the episode aired, Calm Strips experienced a surge in sales and was sold out within a week. By February 2022, they were in over 30 mom-and-pop retailers.

As of October 2022, Calm Strips had an annual revenue of over $1 million and was available online at Walmart. As of January 2023, the product had been purchased by over 150,000 customers and attended over 5,000 schools.

The company has also secured partnerships with several major retailers and online stores such as Bed Bath & Beyond.

Calm Strips remains in business as of March 2023 and has become much more popular since appearing on Shark Tank. The Shark Tank Blog will continue to follow up on Calm Strips & Michael Malkin and Luce Fuller as more details become available.

Are Calm Strips Still In Business?

Yes, Calm Strips are still in business as of 2023. After appearing on Shark Tank, the company’s sales were boosted for some time. According to the data of Similaweb, over 100k visit are going to its website every month to buy Calm Strips products.

36% of people are going through social media and 31% through direct. Calm Strips have over 125,000 satisfied customers worldwide and are selling internationally.

Calm Strips are an anxiety and stress-relieving product that provides sensory stimulation and energy while reducing stress. The product is shaped into different textures and gives a different touch and feel. However, there is no proof that Calm strips work for anxiety.

Calm Strips can be customized for schools, businesses, special events, or almost anyone with a minimum quantity of 500 custom orders. They use a special reusable adhesive and a new and improved static-cling to stick to smooth flat surfaces.

They are easily removable without leaving residue behind. Calm Strips contain a very durable vinyl polymer that is designed to withstand outdoor elements for upwards of four years.

While mileage may vary depending on the habits of the user, Calm Strips will remain functional for months or even years as long as the adhesive side stays relatively clean.

Calm Strips Shark Tank Updates

Calm Strips is a textured surface that helps calm anxiety and reduce stress. The strips are reusable and stick to most surfaces, and come in two textures: soft sand and river rocks.

The founders of Calm Strips, Michael Malkin and Luce Fuller, appeared on Shark Tank Season 13 Episode 13 and asked for $250,000 for 10% equity at a $2.5 million valuation. Robert Herjavec made a deal with them for $250,000 and $2.50 per unit until $250,000, then $1.50 per unit until $750,000.

After the episode aired, Calm Strips became more popular and the company was flushed with new customers. As of 2023, Calm Strips remains in business and has satisfied more than 150,000 customers.

The product has reached more than 5,000 schools and the annual revenue of the company was estimated to be up to $1 million in 2022.

Calm Strips are designed to help people with anxiety and stress, and can be used to manage restless energy. The strips can be rubbed, scratched, touched, or picked at to help reduce anxiety and improve focus.

The founders of Calm Strips, Michael Malkin and Luce Fuller, have worked in the Apple Store and invented the product because Michael used to get anxiety when it got busy. He would drum his fingers and even put painter’s tape on his fingers to scrape together.

Calm Strips FAQs

What Is Calm Strips And How Does It Work?

Calm Strips are textured sensory stickers with a special reusable adhesive that are designed to help soothe anxiety, stress, or excess energy by providing sensory stimulation to help regulate restless energy and increase focus throughout the day.

They are offered in two unique textures to choose from and are the first-of-their-kind, convenient and discreet fidget tools. Calm Strips are reusable and residue-free, so they can be taken anywhere and safely stuck on just about any flat surface.

They can be stuck on phones, laptops, steering wheels, desks, folders, and more. Users simply rub their fingers on the textured strip whenever they need to fidget and/or relax.

Calm Strips are made from a thin but extremely hardy and durable vinyl and are crafted to help soothe anxiety and fidgeting by grounding users in a calming scene and giving them a gentle, but textured, surface as a stimulus.

Calm Strips are ideal for both children and adults seeking a discreet calming product. They come in a wide array of nature-themed calming designs so that users can find one that fits their visual aesthetic. Users can also choose different surfaces for their needs.

For example, River Rocks has a smooth, bumpy feel, while Soft Waves has a more wavy texture. Calm Strips will stick to almost any smooth, flat surface, can be picked at, touched, scratched, peeled, and reused over and over again.

They are easily removable and will not leave any residue behind. Calm Strips are a simple and effective solution for managing anxiety, stress, or excess energy in a discreet and functional way.

What Was The Outcome Of The Calm Strips Shark Tank Pitch?

Calm Strips appeared on Shark Tank in January 2022 and secured a deal with Robert Herjavec for $250,000 in exchange for 10% equity.

The founders, Michael Malkin and Luce Fuller, wanted the extra push that being on the show would give them and their main goal was to gain more exposure, which they definitely achieved. After the airing of Shark Tank, the company was flushed with new customers and has become much more popular.

As of 2023, Calm Strips remains in business and has continued to grow. The product is designed to help people with anxiety and is a textured surface that helps calm anxiety.

The strips are reusable and stick to most surfaces. You can rub, scratch, touch, or pick at the textured surface to help reduce anxiety and improve focus.

What Happened To Calm Strips After Its Appearance At The Shark Tank?

After appearing on Shark Tank, Calm Strips became much more popular and the company was flushed with new customers. The founders, Michael Malkin and Luce Fuller, secured a deal with Robert Herjavec for $250,000 for 10% equity.

The product found success after the show and has continued to grow their business. Calm Strips allows people to touch, scratch, or rub different types of textured strips, resulting in reduced anxiety and/or extra focus.

The product can be applied to any surface and helps people with a variety of mental health conditions including ADHD, autism, and anxiety. As of 2023, Calm Strips remains in business and has become much more popular.

The company now offers an impressive variety of styles, textures, and designs. The annual revenue of the company was estimated to be up to $1 million in 2022.