NoPhone Shark Tank Net Worth | NoPhone after the Shark Tank
NoPhone Shark Tank Net Worth
NoPhone did not receive any investments from the Sharks on Shark Tank, so there is no net worth specifically related to their appearance on the show. However, the company as a whole is estimated to be worth around $15 million as of 2021.
What is NoPhone?
NoPhone is a manufacturer that produces a plastic device that resembles a smartphone, which was established in response to the growing issue of smartphone addiction. The company offers four different types of products: NoPhone, NoPhone Zero, NoPhone Air, and NoPhone Selfie.
These plastic blocks are advertised as being completely resistant to damage caused by toilet bowls. The NoPhone was created in 2014 by Van Gould, Ingmar Larsen, and Ben Langeveld, with Larsen telling ABC News that their goal was to raise awareness of smartphone addiction by developing a product that could serve as a placebo for users.
In 2016, the company appeared on Shark Tank but was unable to secure funding. The NoPhone Team from New York developed the NoPhone, and crowdfunding through Kickstarter.com was utilized to finance the project, with the goal of raising $5,000 being surpassed by more than $18,000 from the participation of 915 individuals within a month.
Who is the Founder of NoPhone?
NoPhone was created in 2014 by a team of three individuals: Van Gould, Ingmar Larsen, and Ben Langeveld.
The idea for NoPhone came to them while they were out with friends at a pub, observing everyone using their phones.
They launched a successful Kickstarter campaign, raising $20,000 to finance the company, which they describe as the “world’s largest false phone company.”
What Happened to NoPhone on Shark Tank Pitch?
During their appearance on Shark Tank, Van and Chris, the co-founders of NoPhone, presented their company seeking a $25,000 investment for a 25% stake in the business. They highlighted that the majority of people spend approximately 22 hours a day on their smartphones.
At the time of the pitch, NoPhone had already sold 3,100 units of their product, with a basic model priced at $12 and a mirrored version available for $18. The cost of production was stated to be $2.95 per unit.
Despite this, the Sharks on the show were not persuaded by the concept and declined to invest in NoPhone. They did not see a need for the product and had doubts about its potential for success in the market. As a result, NoPhone left the Shark Tank without securing a deal from any of the Sharks.
However, NoPhone has continued to be in business and has expanded its product line, including a waterproof model without a battery and a non-addictive phone. They have also introduced the Family Plan, NoPhone Air, and an employee gift bundle.
NoPhone has also successfully gotten a TEDx talk and raised $1,239 from 130 backers on Kickstarter. The company is still selling its products via Amazon and maintains an active website
What Happened to NoPhone after the Shark Tank?
Despite facing criticism from the Sharks regarding its business model, the NoPhone has continued to gain popularity as a humorous commentary on the issue of excessive phone use during face-to-face interactions.
The product remains available for purchase on both the company’s website and Amazon, even though its creators, Gould and Sheldon, have moved on to new roles as Associate Creative Directors at Anomaly Inc.
It appears that the company is thriving on its own, expanding its product range to include a waterproof model that operates without a battery and a phone that is marketed as non-addictive. In addition, NoPhone has introduced the Family Plan, NoPhone Air, and an employee gift bundle.
The company has also delivered a successful TEDx talk and raised $1,239 from 130 supporters on Kickstarter. Despite the Sharks’ lack of interest in investing in NoPhone during the Shark Tank episode, the company continues to market and sell its products on Amazon and its own website.
Competitors of NoPhone
NoPhone have some competitors in the field. These are Jimmy Kimmel, Ricky Gervais, Ellen DeGeneres, The New York Times and Vogue Magazine.
Net worth of NoPhone
The company valuation in 2021 was estimated to be $15 million.
NoPhone FAQs
What is NoPhone?
NoPhone is a satirical device that mocks the very real issue of smartphone addiction.
NoPhone is not, however, a functional cellular phone or smartphone. But it looks exactly like one, plus it has a glow in the dark logo and a slot for you to put your favorite photo in.
Who owns?
NoPhone is owned by Chris Sheldon and Van Gouldon.
What is NoPhone ZERO?
The NoPhone ZERO is a different version of the “smartphone” that the duo brought to the show. It has no internet access, buttons or cameras. The aim is to set boundaries so people don’t use their real phones too often.
What is their offer?
Their offer in the Shark Tank was $250,000 for 25% of the company.
Did they get the offer?
No, they didn’t get this offer.
Is still in business?
Yes, the business is still in business. Despite the Sharks’ rejection, people are still buying them and production is going on.
What year was the Shark Tank episode filmed?
The episode of Shark Tank featuring NoPhone was filmed in 2019.
Is NoPhone has competitors?
Yes, they have some competitors. These are Jimmy Kimmel, Ricky Gervais, Ellen DeGeneres, The New York Times, and Vogue Magazine.
What is it made of?
The NoPhone is made of plastic. It’s meant to be throwing able, so you could chuck it into a science fiction movie or just toss it at your friends if they pester you with an endless stream of tech-related questions.
How did NoPhone get started?
NoPhone was started by Chris Sheldon and Van Gouldon who are advertising art directors that make fun of technology and their obsession with it.
How is the business model?
The business model of NoPhone is to sell products that get customers to remember they can get along just fine without the gadgets weighing them down.
How do you use NoPhone?
One can’t use it. But it looks like a phone; so they can use it as a satirical commentary on smartphones. But it’s not a working phone.
What colors are available?
NoPhone comes in five colors: black, pink, white, gold and glow-in-the-dark.
How does it make money?
The company makes money by selling accessories, including a selfie mirror and a smartphone clip.
How does their product help or hurt the average customer?
NoPhone helps those who have been burned by technology and embarrassed by it, because it can do without them for a while.
Is it possible to have an invisible phone?
The NoPhone Air is an invisible phone designed for those who use their phones excessively.
When the NoPhone Air package is opened, it appears like there is nothing inside.
What is the function of NoPhone?
You’re texting your ex-boyfriend, tracking of one’s whereabouts, Apps for social media unusual browsing history.
What is the total number of NoPhone sold?
The NoPhone, which has sold over 12,000 units, is a technology-free alternative to continual hand-to-phone interaction that allows you to stay connected with the real world.
How can I get NoPhone?
One can get NoPhone from Amazon. There are also other retail partners available.
How do I activate the free shipping?
When the customer orders, there are several different shipping options available. When they checkout online, they have the option of free shipping options.
What is the warranty for NoPhone?
NoPhone comes with a 30-day money back guarantee to ensure customers satisfaction with their purchase.
Are there any products from NoPhone products?
There are accessories available from customers that have been sent to them from customers that have been sent to them from customers that have been sent to them from customers that have been sent to them from customers.
What do I need for a credit card payment?
The customer needs a valid credit card. It is necessary for the purchase of shipping and handling cost, which can be deducted on the order total by paying with a credit card.
How do I make payment?
The customer needs to pay via credit card or PayPal to ensure a smooth transaction.
How do I take a photo?
Customer can take a photo by following the instructions on the screen of the NoPhone. The process is simple. If they have an iPhone, they can follow this procedure to take a picture
Is the product quality?
The NoPhone product is of premium quality which is durable.
Are any parts of the product not functioning properly?
There are no parts of the product which are not working properly.
