iFork Shark Tank Update | iFork after Shark Tank
What is iFork?
iFork is unusual ingenious design to keeps the utensils from ever touching the table. This not only helps to keep tables and counters clean of food residue, but it also aids in the prevention of surface germ spread.
To make things even easier, the forks, spoons, and knives include an interlocking mechanism that allows everything to be assembled and carried with one hand.
Kyle Donovan is the creator of iFork, and unique brand of dinnerware that debuted in 2014. Kyle, who lives in Brooklyn, New York, worked at a photo lab before founding his own photo studio.
He subsequently began dabbling in the stock market, and the money he earned enabled him to launch his own magazine. Klye is now the founder of The Incubator, a media and social networking platform for new talent spelt with two C’s.
Who is the founder iFork?
Kyle Donovan is the founder of iFork, and unique brand of dinnerware that debuted in 2014. Kyle, who lives in Brooklyn, New York, worked at a photo lab before founding his own photo studio.
The iFork is unusual in that its ingenious design keeps the utensils from ever touching the table. According to their website, this not only helps to keep tables and counters clean of food residue, but it also aids in the prevention of surface germ spread.
To make things even easier, the forks, spoons, and knives include an interlocking mechanism that allows everything to be assembled and carried with one hand. Kyle Donovan is the founder of iFork, and unique brand of dinnerware that debuted in 2014.
Kyle, who lives in Brooklyn, New York, worked at a photo lab before founding his own photo studio. He subsequently began dabbling in the stock market, and the money he earned enabled him to launch his own magazine.
Klye is now the founder of The Incubator, a media and social networking platform for new talent spelt with two C’s.
Donovan disliked it when his utensils came into contact with unclean surfaces, so he invented cutlery that keeps forks, knives, and spoons “suspended” above the table.
The key is a little ball that elevates the business end of eating utensils off the table. This prevents germs from getting on the utensils from a filthy table.
Back in 2013, he attempted to launch the company with an IndieGoGo campaign that generated only $4624 (on a $25,000 objective).
Since then, he’s developed an entire line of interlocking utensils, cups, and plates that allow diners to keep their food safe and germ-free.
There are stainless steel variants that stack or rest on the iFork ball, as well as plastic cutlery (including “sporks”). Donovan’s goods are protected by patents. He supplies a whole plasticware “system” in addition to cutlery.
The set includes a knife, fork, spoon, plate, and cup made of plastic. The parts interlock, allowing customers to handle their whole meal, including cutlery, in one hand.
The combination sets come in an 8-pack for $19.99. A set of six stainless steel flatware costs $125. (Fork, salad fork, knife, teaspoon, tablespoon)
What Happened to iFork at Shark Tank pitch?
Kyle chose to present his concept to the Sharks in episode 15 of season 9 of iFork on Shark Tank in order to get aid with both production and distribution.
Kyle enters the Tank looking for $100,000 in exchange for a 5% stake in his firm, which is valued at $2 million. He explains his narrative and offers his pitch, finishing with a small dance while holding the interconnecting plate, cup, and cutlery.
He gives the Sharks some samples of the interlocking set up as well as some nibbles. He discloses that he conducted a 500-store test with Walmart. It sold, but he wants a Shark’s assistance promoting his brand.
Barbara comes in with a $100,000 offer for a 20% stake in the firm, depending on revamping both the plates and the packaging.
Mark, who dislikes the packing, exits. Lori believes it will be difficult to sell, therefore she decided to exit. Rohan swiftly follows. Robert feels Barbara would be a terrific partner; he’s out.
Kyle counters Barbara’s offer of $100,000 for a 15% stake in the firm; Barbara accepts, and Kyle exits the pitch with a deal.
What Happened to iFork after Shark Tank?
After the Shark episode in which Klye made a deal with Barbara, the contract with Barbara did not go through. Donovan, in an unusual turn of events, sued a member of his coop for slander.
The lady informed coop residents through email that Donovan was operating a whorehouse out of his basement apartment. The woman apparently leapt to assumptions after seeing guests at his Shark Tank watch party.
The website is still up and running as of June 2021, although social media hasn’t been updated since April 2018, two months after the original air date.
Donovan’s ownership in the firm is not listed on his LinkedIn page, and the goods are no longer available on Amazon.
According to the iFork LinkedIn Page, the company is still in operation, and a reliable business site reports that they make around $93,000 per year.
Donovan has been working on The Incubator (The Inc.) a Multicultural Media & Social Networking Platform launching Fall 2021 since June of 2019.
Net Worth of iFork
The company was valued at $2 million during the pitch, since then the company has been selling their product hence the company net might have raised.
What is iFork?
iFork is a company based in New York that creates forks and spoons that don’t touch the table but stay off of it by using little balls to elevate the utensils from the table surface. This helps to keep tables clean as well as preventing germ spread from dirty surfaces.
Who is the founder?
The founder of iFork is Kyle Donovan who lives in Brooklyn.
How much was asking on Shark Tank?
Kyle was seeking for $100,000 for 5% equity in his company.
Did he have the deal?
He got the deal with Barbara.
How much was the deal?
Kyle received $100,000 for 15% stake in iFork, but later their contract did not go through.
Is iFork still in business?
iFork is operating a shady business and stores have been closed down by the authorities.
What did Kyle do after Shark Tank?
After Shark Tank he opened up The Incubator, a Multicultural Media & Social Networking platform launching Fall 2021.
Are the iFork products still available on Amazon?
No, the iFork plates and utensils are no longer available on Amazon.
Where can I get iFork products for sale or for hire?
Customers can get the iFork products by visiting their website, they can also buy them from their e-commerce site if they are looking to get them before they stock out again.
Where is iFork based?
iFork is based in New York at the moment but there are plans to expand internationally.
Is iFork a scam?
No, iFork is not a scam, the products do work.
Is iFork still for sale?
Yes, customers can purchase the plates and other utensils from their website.
How much are iFork forks and knives?
The forks from the range will cost $19.99 for a set of six with the spoons costing $9.99 each. A set of 12 iFork cutlery will cost $49.99 and a set of four cups will cost $19.99 each.
Is iFork profitable?
Yes, iFork is profitable and will continue to grow as the company expands.
How can I contact iFork?
How does iFork make money?
Customers are charged for the shipping of the products as well as paying for the product. The company makes money from selling the plates and utensils.
What is the net worth of Kyle Donavan?
The net worth of Kyle Donavan is unknown.