DeskView Net Worth
During their appearance on Shark Tank, Jason and Michael pitched DeskView and requested $150,000 for 7.5% of their company. Based on this valuation, the company was estimated to be worth $2 million.
However, after some negotiation, they accepted an offer from Kevin O’Leary for $150,000 in exchange for a 20% stake in their company. This meant that the valuation of DeskView was reduced to $750,000, but they were able to secure the necessary funding to continue growing their business.
What is DeskView and Who Founded DeskView?
DeskView is a portable desk that can be mounted onto a glass window within seconds, providing a standing workstation.
The DeskView measures 25 inches by 12 inches and can be attached to any nonporous surface, such as a window, by using vacuum-pressured, industrial-strength suction cups.
When assembled, it can support up to 40 pounds and has enough space for a laptop, making it a convenient option for people who need to work on the go.
DeskView was founded by Michael Bolos and Jason Grohoski.
The idea for DeskView was conceived by Michael Bolos, who developed back issues while working at a traditional sitting desk. He searched for stand-up desk options, but the workplace layout and furniture provided limited possibilities.
He then looked to the windows for a solution and decided to create a portable desk that could be mounted on the glass. With the help of his friend Jason Grohoski, who has a background as a real estate broker and serves on the board of directors, they spent two years researching, developing, and testing before bringing it to the market.
In 2017, they launched a Kickstarter campaign to raise funds and publicize their product, which raised over $65,000 from supporters. They then worked with the design studio Minimal to create a minimalist design for their product.
Despite their success, they needed an investor to boost production and marketing. Michael Bolos is still involved with the company and provides general counsel to a manufacturing-focused law firm, while Jason Grohoski’s LinkedIn page has no useful information.
DeskView Shark Tank Pitch
Following its appearance on Shark Tank, DeskView is currently available for purchase on Amazon in three color options: white, wood, or clear, with free shipping.
During the pitch, Jason and Michael requested $150,000 for 7.5% equity in their company, which values their business at $2 million.
They showcased their product, the Workstation View desk, which they believe is ideal for minimalist workplaces. They shared that they made $162,000 in revenue by selling 800 desk sets through direct marketing and are now focused on B2B sales.
The Sharks were impressed with the margins but found the pricing a little high. Barbara was the first to bow out, citing doubts that corporations would adopt the product. Robert withdrew since he wouldn’t use it himself, and Mark dropped out as he believed it would only be used as a supplement to an existing desk.
Kevin O’Leary appreciated the product’s profitability and wanted to expand its direct business. He made an offer of $150,000 for a 15% stake in their company. Lori Greiner suggested they concentrate on selling DeskView in commercial settings like coffee shops and offered $150,000 for a 33.3% stake.
However, Kevin reduced his offer to $150,000 for a 20% stake after listening to Lori. When Lori rejected their counteroffer, they accepted Kevin’s offer of 20%.
Since their appearance on the show, DeskView has developed two new products: the Motis, a portable stand-up desk, and the Two Tier, a DeskView attachment for holding a wireless keyboard, notebook, or other accessories.
The global Covid-19 epidemic in 2020 was a bit of a windfall for the company as sales of home office equipment increased significantly, including DeskView’s sales.
The startup raised $64,122 on Kickstarter in October 2020 for its portable folding desk, the aforementioned Motis. As of June 2021, the company reported yearly revenue of $2 million.
DeskView Net Worth
Jason and Michael come in looking for $150,000 for 7.5 percent of their company. This equates to a $2 million value. They accepted an offer from Kevin of $150, 000 for a 20% stake thus bringing the valuation to $750,000.
Deskview competitors are as follows;
Oristand, Ikea Bekant Standing Desk and LunaDesk.
Did DeskView get a deal on Shark Tank?
They were looking for $150,000 in exchange for 7.5 percent interests in the firm.
Kevin O’Leary and Lori Greiner who were actually interested in making an investment proposal, but they accepted Kevin’s offer of a 20% stake.
How is DeskView doing?
With half of the US workforce working from home, sales of new home office equipment and the company’s sales increased.
The start-up raised $64,122 on Kickstarter in October 2020 for its portable folding desk, the aforementioned Motis. With $2 million in yearly revenue as of June 2021, the firm is doing well.
Where is DeskView located?
The company is still in operation, with headquarters in Chicago, IL, and a working website from which they may buy.
They’ve also broadened their product offering to include comparable standing desk innovations.
Is DeskView patented?
The revolutionary technology incorporates the original DeskView’s robustness and adaptability into their briefcase, handbag, or backpack, allowing them to work their way whenever and wherever they choose.
What is the costs of DeskView?
The Deskview ranges in price from $235 to $265.
How does DeskView function?
DeskView’s window-mounted standing workstation is rather straightforward: a bamboo wood or plastic desk surface coupled to two heavy-duty suction cups.
Pull the levers back up when they’re ready to remove the desk, and they may need to rub their fingertips over the edges of the suction cups to break the seal.
How are they going to get rid of DeskView?
Remove anything that has been placed on DeskView’s working surface. Grip the brackets with their thumbs on the inside, their fingers on the outside, and the levers against their palm.
Rotate their hand so that their palms are facing up and their middle two fingers are on the bottom of the lever to release it.
Can DeskView be used for their window?
DeskView may be used on practically any window. DeskView is recommended for commercial and high-rise building windows.
Can DeskView be used on other surfaces?
Yes, DeskView may be used on other flat, smooth, non-porous surfaces like tile and metal. DeskView is incompatible with brick, drywall, and other porous and painted surfaces.
How much weight can DeskView support?
DeskView has been load tested to a weight of more than 70 pounds. They do, however, propose a maximum static load of up to 40 pounds.
The load capacity of Deskview may be greater than that of the window to which it is attached.
When putting weight to DeskView, proceed with caution. Load capacity may vary depending on the surface; use weight to verify before placing anything on DeskView.
Where can they find the surface dimensions?
The surface measurements of DeskView are 12′′ x 25′′.
What is the difference between bamboo and plastic?
DeskView may be made from one of two materials: bamboo and plastic. The bamboo body provides a vintage design, while the plastic makes it lightweight and durable.
What are strengths of DeskView?
DeskView’s versatility and flexibility are two of its strengths.
When not in use, it may be tucked away in a briefcase or handbag and carried.
When they’re need, they may be reattached to their designated surface; drawing from the flexibility of the bamboo body and suction cups, DeskView may fold flat for storage or for travel.
The desk itself is easy to adjust for weight and height, accommodating up to 50 pounds per square inch of total force applied.