KissTixx Shark Tank Net Worth 2023

Dallas and Mike entered the Shark Tank season 3 episode 7 in search of $200,000 in exchange for a 20% stake in their firm, which indicated a valuation of $1 million.

However, they ultimately accepted an offer from Mark Cuban that provided $200,000 for 40% ownership, resulting in a new lower valuation of $500,000.

This demonstrates the importance of making sure one has realistic expectations when entering the Shark Tank and is willing to be flexible with regard to the terms of investment.

What is KissTixx?

KissTixx lip balm offers high-quality lip care and comes in two complementary flavors, perfect for both you and your partner. When these two flavors combine, a chemical reaction occurs, resulting in a delightful tingling sensation.

There is a wide variety of lip balm flavors available, including Sweet and Sour, Strawberry and Chocolate, and Peaches and Cream.

KissTixx was founded by Dallas Robinson and Mike Buonomo, who first met as students at Utah Valley University. They create, develop, and market lip balms and cosmetics for distribution through major retail outlets, e-commerce, and private label channels. They also oversee business operations, including marketing, and hire staff.

Dallas and Mike initially started by creating attractive MySpace pages for individuals, but this venture was not profitable. They then transformed their university dorm room into a makeshift chemical lab, driven by their desire to kiss beautiful women.

They aimed to create a product that would elicit chemistry between couples and provide a pleasurable experience when their tastes mixed.

Eventually, they created KissTixx, a device that has revolutionized kissing. Designed specifically for this purpose, it has garnered a substantial following, particularly among women. Some of their fantastic flavors include Strawberry and Chocolate, Fire and Ice, among others.

What happen to KissTixx at the Shark Tank Pitch?

Dallas and Mike appeared on season 3 episode 7 of Shark Tank with the goal of securing $200,000 in exchange for a 20% stake in their company, which would value the company at $1 million. During their pitch, they shared that they had earned $80,000 in revenue over the past year.

When Mark asked about the production cost of their lip balms, Dallas revealed that it ranged between $0.85 and $2 depending on the quantity, which included both the lip balms and the packaging.

Mark then inquired about the wholesale and retail prices of the product, to which Dallas disclosed that they sold to retailers at $3 per unit and retailers resold it at $5.95 per unit.

Kevin asked about the profit margin of their Walgreens order, and Dallas shared that it was $337,000. Barbara wasn’t impressed with the product and decided to opt out, while Kevin believed that the valuation was too high and also opted out.

Despite some skepticism about the valuation, Mark expressed interest in the product and the company’s initiative to provide breath spray and gum. He offered $200,000 in exchange for a 40% stake in the business, which Daymond noted was a better deal than he had planned to offer and subsequently exited.

Robert evaluated the offer but ultimately decided to leave as well, although he expressed enjoyment in competing against Mark. Dallas and Mike agreed to accept Mark’s offer and left the Tank feeling confident that they had secured a deal and created a memorable moment on the show.

KissTixx after the Shark Tank Pitch

After their appearance on Shark Tank, KissTixx was inundated with orders and their website even crashed due to the increased volume of traffic.

The show had a significant impact on the company’s sales and marketing efforts, with well over 5,000 units sold and thousands of samples delivered to seven different countries in the months that followed.

Thanks to their appearance on the show, KissTixx was able to establish itself as a global brand, and even caught the attention of Shark Tank investor Mark Cuban, who made it one of his top bets to date.

Dallas and Mike, the founders of KissTixx, have continued to grow their business, and are currently working on a mobile application for the product.

In episode 517 of Shark Tank, they received an update section and launched a new website with the help of Danielle Peck, a country music sensation. They are eager to show the world their kissing prowess and continue to build their brand.

Although Mike Buonomo left the company in January 2016, he has since founded a new venture called E Simplified, which provides strategic content for aspiring entrepreneurs. Sadly, KissTixx’s co-founder Robinson has ceased operations in 2018.

However, he is now the Executive Vice President of The Kokua Project, a non-profit organization dedicated to raising awareness and funds to support programs that care for and protect children, providing them with the opportunity for a brighter future.

Shark Tank Success Update: Kisstixx

KissTixx Net Worth

Dallas and Mike entered the Shark Tank season 3 episode 7 in search of $200,000 in exchange for a 20% stake in the firm. This indicates a valuation of $1 million.

They accepted an offer from Mark of $200,000 for 40% thus bringing valuation to be $500,000.

KissTixx Competitors

There is competitor identified for KissTixx.

KissTixx FAQS

What was KissTixx?

KissTixx is a lip balm which can help generate attraction between couples, or simply those who want to spice up their love life. The lip balm is sold in pairs and contains a different flavour on each side.

Who were the founders of KissTixx?

The founders of KissTixx were Dallas Robinson and Mike Buonomo.

How much were seeking in the Shark Tank?

The pair were seeking $200,000 in exchange for 20% of the company.

Did KissTixx get investment on Shark Tank?

They ended up taking an offer from Mark Cuban for 40% for $200,000. This meant that KissTixx’s valuation was set at $500,000.

Is KissTixx still in business?

The business was shut down in 2018.

What episode of Shark Tank was KissTixx featured?

Dallas and Mike entered the Shark Tank season 3 episode 7.

When was KissTixx on Shark Tank?

KissTixx made their appearance on the episode which aired on, March 2, 2012.

Where can they still buy KissTixx?

They can’t! KissTixx is no longer available for sale.

What happened to KissTixx after Shark Tank?

Following Shark Tank, the KissTixx team accelerated sales by sending emails and samples to over 4,000 contacts, resulting in distribution relationships in 44 countries.

The business has already sent items to 7-8 countries and expects to complete many more deals shortly.

Where was KissTixx located?

They were based in the Salt Lake City Utah United States.

Where are the owners now?

Mike Buonomo left the firm in January 2016 and is currently the founder and CEO of E Simplified, a strategic content supplier for aspiring entrepreneurs.

Dallas Robinson is presently Executive Vice President of The Kokua Project, a 501(c)(3) non-profit organization dedicated to raising “awareness and funds to support programs that care for and safeguard children in order to offer them a shot at a brighter future.

How much was KissTixx sold?

KissTixx was $3 per unit for wholesale. The retailers subsequently resold the merchandise at a cost of $5.95 per unit.

What is the net worthy of Dallas Robinson?

Dallas Robinson’s net worth is unavailable.

What is the net worthy of Mike Buonomo?

Mike Buonomo’s net worth is unavailable.