Moki Doorstep Shark Tank Net Worth 2023
Alyssa and Zachary made an appearance on Shark Tank season 10 episode 9 to seek a $150,000 investment for a 5% stake in their company, Moki Doorstep.
This implied that the young founders valued their startup at $3 million despite its early phase. Fast forward to 2023 and the business has achieved great success, with the company being worth $5 million – proving that Alyssa and Zachary had enormous potential when they faced the sharks.
What is Moki Doorstep?
Moki Doorstep is a trademarked product that enables vehicle owners to conveniently access their car’s rooftop. It features a rubber bumper to safeguard against any damage to the vehicle, and it can carry up to 400 lbs. The device is essentially a step supported by the car’s door latch that elevates the user up to three feet, making it easy to reach the roof or roof rack.
Alyssa and Zachary Brown, an adventurous couple from Newington, Connecticut, designed and launched the Moki Doorstep. Zachary, a firefighter who enjoys outdoor activities and athletics, observed that his wife Alyssa had difficulty accessing car-top racks. Concerned for her safety, he developed the idea for the Moki Doorstep.
In 2017, Zach and Alyssa responded to the demand from sports and outdoor enthusiasts for a secure and comfortable way to access their roof racks by creating the Moki Doorstep. During their successful Kickstarter campaign, they received over $100,000 in pledges from over 2,000 supporters, indicating the device filled a critical market need.
Although Zach recognized that he had created an exceptional product, he remained a firefighter/paramedic who wanted to focus on saving lives and building his family with Alyssa. Therefore, they partnered with Rightline Gear to bring their idea to stores nationwide.
After patenting the Moki Doorstep, Zach and Alyssa designed five prototypes to ensure high-quality products for their customers. They collaborated with Rightline Gear, which produces rooftop tents, roof racks, and car carriers, to market the item and achieve national distribution.
The Moki Doorstep is available for purchase on Amazon, and it originated from a successful Kickstarter campaign that raised $110,736 in late 2017. Zach and Alyssa’s collaboration with Rightline Gear allowed them to focus on their priorities while ensuring the Moki Doorstep reaches a wider audience.
What happened to Moki Doorstep at the Shark Tank Pitch?
Alyssa and Zachary were featured on season 10 episode 9 of Shark Tank, where they sought $150,000 in exchange for a 5% stake in their company. This meant that their company was valued at $3 million. They presented their product to the Sharks and demonstrated how it worked, with Lori assisting in the demonstration.
Although Robert was impressed, Kevin believed that the product was too expensive at $44.95 and was skeptical of its value. The company had filed for a patent, with Zach’s uncle owing a royalty of $1 per unit for the patent work.
Kevin agreed that the $3 million valuation was too high, but Zach claimed that a CFO of a major auto parts company had advised him to keep the valuation at $3 million.
Zach also revealed that a shelf company had proposed a 7-year license agreement with a guarantee of $3 million and 12.5% royalties. However, the Browns had global aspirations for their product, which was called Moki Doorstep.
Daymond surprised everyone by offering $450,000 for a 20% stake in the company, citing his association with Cox Automotive as a potential advantage for the business. However, Alyssa and Zach declined the offer as they did not want to give up so much control.
When asked if they were willing to sell the company, Zach stated that they would consider an appropriate offer. Mark then asked for the asking price, and Zach replied that he would accept an offer of $3 million since that was the company’s valuation. To everyone’s surprise, Daymond immediately agreed to buy the company for that amount if the license agreement was in place.
The Browns were taken aback by Daymond’s offer, but Zach agreed to it within thirty seconds. However, the deal with Daymond was never completed. They did, however, secure the license agreement with Rightline Gear, a manufacturer of vehicle carriers and truck tents.
Zach remains the sole proprietor of Moki Doorstep and has spent significant time defending his patent against counterfeit goods. He currently provides advice to other companies on patent infringement issues, and the company’s sales were expected to reach $1 million by November 2021.
Moki Doorstep net worth.
Moki Doorstep was valued at $ 3 million on Shark Tank.
Moki Doorstep Competitor
There is no competitor identified for Moki Doorstep.
Moki Doorstep Shark Tank Updates
Moki Doorstep is a product that makes it easy to access the roof of a car and safely transport oversized items. The product is a metal foothold that can hook to a car’s internal latch and help a person reach the top of the vehicle.
The founders of Moki Doorstep, Alyssa and Zachary Brown, appeared on Shark Tank in season 10, episode 9, seeking a $150,000 investment from one of the sharks in exchange for 5% of their company. However, they received an offer of $3 million for 100% of the company from Daymond John.
Although the agreement was to sell the company immediately, the deal did not go through, and Daymond has continued working with the pair and working towards finalizing the deal.
After their appearance on Shark Tank, Alyssa and Zachary partnered with the outdoor gear company Rightline Gear to license and manufacture their product.
They also launched a Kickstarter campaign for the Moki Doorstep, which exceeded its original goal of $2,000, with over 2,000 backers contributing over $110,000 to the campaign.
Zach spent a lot of time defending his patent and claims to have been successful at removing over 9,000 “infringing listings” of knock-off products. He now helps other businesses with patent infringement issues.
As of 2023, the deal with Daymond John has not yet been finalized, but he has continued to work with Alyssa and Zachary. Moki Doorstep is still in business, and the product is available for purchase on their website and on Amazon.
Moki Doorstep Summary Shark Tank:
| FACT | INFORMATION |
| Product Name | Moki Doorstep |
| Founders | Alyssa and Zachary Brown |
| Company Valuation on Shark Tank | $3 million |
| Investment Sought on Shark Tank | $150,000 for 5% equity |
| Shark Tank Deal Offered | $3 million for 100% equity by Daymond John |
| Net Worth in 2023 | $5 million |
| Description | A metal foothold that can hook to a car’s internal latch and help a person reach the top of the vehicle |
| Competitors | No competitor identified |
| Updates | Deal with Daymond John did not go through, but he has continued working with the founders towards finalizing the deal. Moki Doorstep is now partnered with the outdoor… |
Moki Doorstep FAQS?
What Is Moki Doorstep And How Does It Work?
Moki Doorstep is a product that was featured on Shark Tank. It is a patented “step” that hooks onto the internal metal door latch of a car, providing a foothold that allows users to get about three feet off the ground to access the car roof or roof rack.
The product was named after “Moki step,” footholds carved into rock surfaces by the cliff-dwelling Pueblo people of the American Southwest.
The Moki Doorstep fits any vehicle and is designed to help users safely load and strap down car top cargo bags and boxes, canoes, kayaks, and SUPs, skis and snowboards, and bikes. It can also be used as a platform to wash a vehicle’s roof.
The Moki Doorstep is sold online at both the company website and Amazon, and in retail stores like Dick’s Sporting Goods and RE. The product has received positive reviews from customers who find it useful for accessing their car roof or roof rack, especially when carrying outdoor gear.
The founder, Zach Brown, spent a lot of time defending his patent and claims to have been successful at removing over 9,000 “infringing listings” of knock off products. He now helps other businesses with patent infringement issues.
Who created Moki Doorstep?
Alyssa and Zachary Brown are the inventors of Moki Doorstep. They designed it in 2017 as an aid for users who must reach the top of their cars since they don’t have roofs or raised roofs.
What Was The Outcome Of Moki Doorstep Shark Tank Pitch?
During their Shark Tank pitch, Zach and Alyssa Brown asked for $150,000 for 5% of their company, Moki Doorstep, at a $3 million valuation.
However, they ended up receiving an offer of $3 million for 100% of the company from Rightline Gear. The Browns accepted the offer and sold the entire company. According to a recent update, the deal did not go through as planned, and the Browns still own the company.
Despite this setback, Moki Doorstep is still up and running and is now valued at $5 million. The product is available for purchase online and in retail stores like Dick’s Sporting Goods and RE.
Did Any Shark Invest In Moki Doorstep?
During their Shark Tank pitch, Zach and Alyssa Brown asked for $150,000 for 5% of the company at a $3 million valuation. However, they ended up receiving an offer of $3 million for 100% of the company from Rightline Gear.
Daymond John also agreed to buy Moki Doorstep for $3 million on a later episode of Shark Tank. However, according to a recent update, the deal did not go through as planned, and the Browns still own the company.
What Happened To Moki Doorstep After Its Appearance At The Shark Tank?
Moki Doorstep is a product that was featured on Shark Tank. The founders, Zach and Alyssa Brown, asked for $150,000 for 5% of the company at a $3 million valuation.
However, they ended up receiving an offer of $3 million for 100% of the company from Rightline Gear. In a later episode, Daymond John agreed to buy Moki Doorstep for $3 million, but the deal did not go through as planned.
Despite this, the company is still up and running and the product is available for purchase online and in retail stores. The Moki Doorstep is a patented step or foothold that is supported by a car’s door latch, which is exposed when the car door is open.
The Moki Doorstep provides a person with a three-foot elevation off the ground, to reach the roof of their vehicle with ease. The company has grown dramatically since its appearance on Shark Tank, and its net worth is estimated to be around $5 million.
How much were seeking in the Shark Tank Pitch?
They requested $150,000 for a 5% stake in their company.
How much did they get?
Daymond offered to buy the entire firm for $3 million.
Is the Door Step secure?
Yes, when used as directed! The Rightline Gear Moki Door Step has a large platform that supports both feet for a balanced standing stance.
To avoid injuries, please follow the directions on how to correctly install and operate their Door Step; they are not liable for any injuries that may result.
Will the Door Step cause harm to their vehicle?
The Moki Door Step has been thoroughly tested to guarantee that it will not do any harm to their car.
The Door Step’s coated hook and rubber bumpers are the key; they’re designed to prevent their vehicle’s paint from damage even with continual use.
Can the Door Step sustain a person’s weight?
Yes, the Door Step can safely accommodate a weight capacity of 400 pounds. The Moki Door Step’s aircraft-grade aluminium construction assures that it is built to last!
What is the Door Step constructed of?
The Door Step is composed of aircraft-grade metal, while the bumpers are made of rubber and fastened in place for further protection.
How much does the Door Step weigh?
The Door Step weighs little under 2 pounds, but don’t let that fool them! Despite its low weight, the Moki Door Step is extremely sturdy and can easily withstand a weight capacity of 400 pounds.
Is the Door Step painted?
No, the procedure that gives the Moki Door Step its unique brilliant orange colour is epoxy powder painting! The soft dip coating at the hook protects both the Step and the car.
Will the Door Step rust?
Never, the aluminium design of the Door Step makes it impossible for it to corrode.
Why are there cutouts in the Step?
The cutouts in the Door Step assist to make it lightweight (under 2 pounds!) while also providing a bit extra grip while accessing the roof.
Why are there so many other lower cost steps on the internet?
The original, patented design is the Moki Door Step; the other items are low-cost, international knockoffs.
Because the Rightline Gear Moki Door Step is such an inventive and one-of-a-kind device, it was only a matter of time before low-quality replicas began to appear online.
However, legal action is being taken, and copyright infringers will soon be removed from the market. They value their patronage of the Original Moki Door Step and its designer, Zach Brown.
When will their product ship?
They will be given an actual projected shipment date when they check out. It is typical for their order to be shipped the same day or the following day.
Where can they purchase the product in Retail?
They are continually increasing its retail reach, but the Rightline Gear Moki Door Step is now available at Academy Sports, Dicks Sporting Goods, REI, Sportsman’s Warehouse, and Pep Boys stores near them.
Is their product made in the USA?
A fantastic team of folks in Asheville, North Carolina created, developed, and delivered the Moki Door Step; manufacture is finished in China.
Do they accept international orders?
The Moki Door Step is available in the United States and Canada right now. They are working on foreign distribution; please check back with them soon.
What is net worth of Alyssa Brown?
Alyssa Brown’s net worth is unavailable.
What is net worth of Zach Brown?
Zach Brown’s net worth is unavailable.
