Nerdit Now Shark Tank Update| Nerdit Now after Shark Tank

What is Nerdit Now?

Nerdit Now, founded by Markevis Gideon, who holds a bachelor’s degree in accounting from Widener University, is a company that deals with used technology such as desktop computers, laptops, phones, tables, gaming consoles, etc.

The organization aims to promote environmental stewardship by either recycling or upcycling products that would otherwise end up in landfills.

After completing his studies, Markevis pursued two fellowships in policy and education and leadership.

Who is the founder of Nerdit Now?

Markevis Gideon, a Widener University graduate with a bachelor’s degree in accounting and computer science, founded Nerdit Now after returning to the United States from China where he operated a pub.

He recruited fellow alumni from Widener, Voorhees and Hoxter, to assist him and received a $9000 grant from the University of Delaware.

They decided to purchase an old ambulance and convert it into a mobile repair facility, where customers can drop off their broken devices for repair at their retail store or through the Nerdit Now mobile app.

They also sell and purchase old electronics at the retail store and at the mobile unit’s kiosk.

What Happened to Nerdit Now at Shark Tank pitch?

On an episode of Shark Tank, a company called Nerdit Now, owned by Gideon, pitches their plan to expand their kiosk business to more locations in Wilmington, Delaware, as well as Baltimore and Philadelphia.

They ask the Sharks for funding and offer a 20% ownership in the company, valued at $750,000, in exchange for $150,000.

The Sharks express admiration for the company and its owners but ultimately decide not to invest due to the challenges of rapidly scaling a service-based business. The pitch ends with the company leaving without a deal.

What Happened to Nerdit Now after Shark Tank?

Despite not securing a deal on Shark Tank, the company is still in operation, though it has faced challenges during the Covid-19 pandemic.

They were unable to secure PPP financing and are currently experiencing financial difficulties.

Jake Voorhees has resigned from the company, but on a positive note, they have become Delaware’s first accredited R2 recyclers of IT equipment.

Additionally, they have received funding from Discovery Bank, Capital One, and Barclays to repair and deliver laptops to deserving students.

They are also expanding their kiosk business with advertising displays, which pays for 110 free repairs for low-income customers every month.

Additionally, they have plans to construct a recycling facility in Wilmington and a downtown location for the Nerdit Now training program, which is set to begin in 2020, with the goal of teaching individuals how to operate their own Nerdit Now businesses and create employment opportunities in the community.

As of November 20, 2021, the company has grown from three to seventeen employees, and despite the pandemic, the company is making too much money and has an annual revenue of $4 million and were not eligible for the second round of PPP financing.

Competitors of Nerdit Now

The company compete with the following competitors in the market place; Google Cloud Platform, WordPress.org, Sectigo, Gravity Forms and jQuery.

Net Worth of Nerdit Now

The company was valued at $750,000 during and after the pitch. Since then the company have been doing well in sales with annual revenue of $4 million in 2021. This justify that the company net worth has elevate.

Nerdit Now FAQs

What is Nerdit Now?

Nerdit Now is a company that buys, fixes, resells, donates, and/or recycles used technology such as desktop computers, laptops, phones, tables, gaming consoles, and more.

Designed with environmental stewardship in mind, the organization effectively acts as a technology recycling operation, either through recycling or up cycling products that would otherwise wind up in a landfill.

Who is founder?

Markevis Gideon established Nerdit Now. Widener University awarded Markevis a bachelor’s degree in accounting.

After completing his studies, he pursued two fellowships, one in policy and education and the other in leadership.

How much was asking on Shark Tank?

Gideon was asking for $150,000 for 20% of the company, which was valued at $750,000.

Did he have the deal?

No, he did not got the deal

Is Nerdit Now still in business?

Yes, Nerdit Now is still in business.

Where is their headquarters?

Nerdit Now head office is located in Wilmington, Delaware. The company provides services around the world through independent contractors and factory personnel.

Why did they ask for so much money on Shark Tank?

Gideon wanted to expand operations in a bigger city and felt that the Sharks could provide him with the funding he required.

Is Nerdit Now legit?

Yes, Nerdit Now is legit.

Can I order for Nerdit Now?

Customers can place an order for repair, but they cannot buy the company.

What is this company’s number one goal?

Eliminate waste.

How does it work?

The company offers repairs and refurbishment of various electronic device systems, as well as sales of used devices for parts.

How much money does Nerdit Now make every year?

Nerdit Now makes $4 million yearly revenue from its operations.

Is Nerdit Now profitable?

The company is profitable.

How do I find Nerdit Now?

Visit their website at http://www.NERDiTNOW.com/

What are the weaknesses of Nerdit Now?

Nerdit Now is a new company and as such has little social media presence. The company does not have any YouTube videos or other media exposure.

Is Nerdit Now shipping?

Yes, Nerdit Now is shipping for free.

What is the address of Nerdit Now?

1614 W Newport Pike, Wilmington, DE 19804, United States

What are the strengths of Nerdit Now?

Nerdit Now helps people economically and environmentally under one scheme. It helps people earn money and it also offers a service for those who want to keep their electronic devices for just in case situations.

Their services are also affordable so that anyone can afford them. People only pay to fix their gadgets and they do not have to buy from the company.

Can I receive a phone call from the CEO of the company?

Yes, anyone can receive a phone call from the CEO of the company. One can contact him via this email: nerditnow@gmail.com or call +1 302-283-9871

How many employees does the company have?

Right now it has around 559 employees.

What is the net worth of Markevis Gideon?

Markevis Gideon’s net worth is unknown.