DeskView Shark Tank Update| DeskView after Shark Tank Pitch
What is DeskView?
Deskview is a moveable shelf that mounts to a glass wall in seconds and allows the user to work while standing. DeskView is a 25-inch-by-12-inch workstation that can be mounted to any nonporous surface, such as a window.
It attaches to the window using vacuum-pressured, industrial-strength suction cups.
When assembled, it can support up to 40 pounds and has adequate space for a laptop. It allows you to work almost anywhere.
DeskView was launched in 2015 by Jason Grohoski and Michael Bolos. Mike, as he prefers to be called, is a lifetime innovator.
He earned a law degree after graduating from Cornell University and worked as an attorney for several years.
He is still involved with the company and provides general counsel to a manufacturing-focused law firm through expert assistance.
According to the company website, Jason has a background as a real estate broker.
Unfortunately, his LinkedIn page has no useful information, but based on photographs on the website, he looks to be a member of the board of directors.
Mike developed the idea for DeskView after enduring back issues at work as a result of his sat desk layout.
As a result, he began searching the workplace for stand-up desk options.
Unfortunately, the workplace arrangement and immovable furniture provided little possibilities. The only thing he could see that offered a solution were the glass pane windows.
He opted to make one himself because he couldn’t find anything on the market that met his requirements. Around this time, he went to his good buddy Jason, who had a creative mind as well as a strong desire to help others.
Thus started the two-year process of study, development, and testing before they were ready to go to market.
Finally, in 2017, they turned to Kickstarter to acquire funding and publicize their proposal. They were able to raise more than $65,000 from supporters.
They then collaborated with a design studio named Minimal to get it produced, since they preferred a minimalist style. All they needed now was an investor to boost production and marketing.
Who Founded DeskView?
Jason Grohowski and Mike Bolos.
What happen to DeskView at the Shark Tank Pitch?
DeskView is available on Amazon in white, wood, or clear, with free shipping.
Jason and Michael come in looking for $150,000 for 7.5 percent of their company. This equates to a $2 million value.
They explain and show the product, claiming that minimalist workplaces are the way of the future. Their Workstation View desk is ideal for such a setting.
They made $162,000 in revenue by selling 800 desk sets through direct marketing. Jason and Mike have begun to focus on B2B sales since they believe there is a better possibility for their product in B2B sales than direct-to-consumer sales.
The Sharks like the margins but believe the pricing is a little excessive.
Jason and Michael believe they can reduce production costs by 20-30% while increasing profits or lowering pricing.
Barbara is the first shark to withdraw, noting that she does not believe corporations will accept this in their workplaces due to the money spent on designing them.
Robert withdraws since he would not use it himself.
Mark believes it will be used as a supplement to an existing desk and is more likely to be used at home. If that’s the case, he probably believed the market was too tiny and dropped out as well.
Kevin O’Leary appreciates the product’s excellent profits and want to expand its direct business. He gives Deskview $150,000 in exchange for a 15% stake in their firm.
Lori Greiner dislikes the current price point and believes that lowering it will encourage buyers to buy the goods.
She suggests that they concentrate on selling Deskview in commercial settings like as coffee shops, where customers may stop and plug in.
It’s portable, and the design may be simply altered to match the needs of a business environment.
She proposes $150,000 for a 33.3 percent stake. She wants to be on equal footing with Jason and Mike.
Kevin reduces his offer to $150,000 for 20% after listening to Lori.
Lori is countered with $150,000 for a 20% stake. When Lori rejects their counter-offer, they take Kevin’s offer of 20%.
DeskView after Shark Tank Pitch
Kevin’s transaction was completed by the guys.
On August, 2019 re-run, they do have two new products in the works: the Motis – a portable stand up desk – and the Two Tier – a Desk View attachment for holding a wireless keyboard, notebook, or whatever you need it for.
The global Covid-19 epidemic in 2020 was a bit of a windfall for the industry.
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.
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 20% stake thus bringing the valuation to be $750,000.
DeskView Competitors
Deskview competitors are as follows;
Oristand, Ikea Bekant Standing Desk and LunaDesk.
DeskView FAQS
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.
