G Touch, also known as TouchCo, is a PC screen technology that can be activated on glass surfaces. It was presented on the popular TV show Shark Tank by Daniel Baise, who, at the age of 14, became the youngest entrepreneur in the show’s history. Daniel sought a $60,000 investment from the sharks in exchange for a 15% stake in his company, but unfortunately, he did not secure a deal. Despite his efforts, including an unsuccessful crowdfunding campaign on Indiegogo.com, TouchCo is no longer in operation, and the product is no longer available in the market.
Key Takeaways:
- G Touch, also known as TouchCo, appeared on Shark Tank but did not secure a deal.
- Daniel Baise, the youngest entrepreneur in Shark Tank history, presented the technology at the age of 14.
- TouchCo’s attempt to secure funding through crowdfunding was unsuccessful.
- The company is no longer in operation, and the product is no longer available in the market.
- Despite its failure on Shark Tank, G Touch serves as an example of the challenges entrepreneurs face in bringing innovative products to market.
TouchCo’s Appearance on Shark Tank Australia
In February 2015, TouchCo, also known as G Touch, made its appearance on Shark Tank Australia. Before its appearance on the show, TouchCo had a net worth of $400,000, with a business valuation of the same amount. The innovative PC screen that could be activated on glass caught the attention of the sharks, but it failed to secure a deal.
Despite the initial setback on Shark Tank, TouchCo’s journey did not end there. Unfortunately, the company faced challenges and eventually went out of business, resulting in it no longer being operational. As a result, the current net worth of TouchCo remains unknown.
TouchCo’s experience on Shark Tank Australia highlights the unpredictable nature of entrepreneurship and the challenges that businesses can face, even after receiving exposure on a popular platform. While TouchCo may not have achieved the success it had aimed for, its appearance on Shark Tank Australia is a testament to the innovation and ambition of young entrepreneurs like Daniel Baise.
Detailed Table: TouchCo’s Net Worth and Shark Tank Business Valuation
| Before Shark Tank Appearance | After Shark Tank Appearance |
|---|---|
| $400,000 | Unknown (Company out of business) |
Shark Tank Failures That Made Millions Anyway
When it comes to the world of entrepreneurship, not every venture featured on Shark Tank ends up with a deal. However, some entrepreneurs have managed to turn their failed pitches into incredible success stories. Let’s take a look at a few examples:
Ring
Ring, the company behind the innovative video doorbell known as DoorBot, initially turned down an offer from the sharks. Despite this setback, the company went on to raise substantial funding and eventually caught the attention of tech giant Amazon. In 2018, Amazon acquired Ring for over $1 billion, making it one of the most lucrative success stories to emerge from Shark Tank.
Coffee Meets Bagel
Another notable example is Coffee Meets Bagel, an online dating site that rejected a significant offer from renowned investor Mark Cuban on the show. Despite missing out on a potential partnership, the company continued to persevere and successfully raised $23.2 million in funding. Today, Coffee Meets Bagel boasts millions of users and has become a prominent player in the online dating industry.
Chef Big Shake
Chef Big Shake, a business specializing in seafood burgers, also faced rejection on Shark Tank. However, this setback did not hinder their success. In fact, their sales skyrocketed after the show, leading to nationwide expansion. Chef Big Shake’s ability to bounce back and thrive demonstrates the resilience and determination of entrepreneurs who refuse to let a failed pitch define their future.
These examples illustrate that a failed appearance on Shark Tank does not necessarily equate to failure in the business world. The show’s rejection can sometimes serve as a catalyst for growth and innovation, motivating entrepreneurs to prove their worth and achieve remarkable success.
FAQ
What is G Touch’s net worth on Shark Tank?
G Touch’s net worth before appearing on Shark Tank was $400,000. However, after the show, the company went out of business and its current net worth is unknown.
Did G Touch secure a deal on Shark Tank?
No, G Touch did not secure a deal on Shark Tank. The entrepreneur, Daniel Baise, requested $60,000 for a 15% return but was unsuccessful in securing funding from the sharks.
Is TouchCo still in operation?
No, TouchCo is no longer in operation and its product is no longer available in the market.
Did Daniel Baise try to get online funding after Shark Tank?
Yes, Daniel Baise tried to get online funding through a campaign on Indiegogo.com but was unsuccessful in raising funds.
What happened to TouchCo after appearing on Shark Tank Australia?
TouchCo went out of business after appearing on Shark Tank Australia and is currently not in operation.
Are there other examples of entrepreneurs who didn’t secure deals on Shark Tank but still succeeded?
Yes, there are several examples. Ring, the company that created DoorBot, turned down an offer on the show and went on to raise significant funding before being acquired by Amazon for over $1 billion. Coffee Meets Bagel, an online dating site, also declined a major offer from Mark Cuban on the show but later raised $23.2 million in funding. Chef Big Shake, a seafood burger business, saw its sales skyrocket after being rejected on Shark Tank and has since expanded its reach across the country.