Qeepsake Shark Tank Net Worth 2023
Qeepsake’s net worth was estimated to be $5 million in 2022. The company was valued at $4.2 million during its Shark Tank pitch and has since increased based on outside investments.
Although Qeepsake did not receive funding from the Sharks, it received over $900,000 from other investors. It is unclear what the company’s net worth will be in 2023.
What is Qeepsake? Who is the Founder of Qeepsake?
Qeepsake streamlines the process of collecting memories of newborns by replacing traditional baby books with digital baby notebook that utilizes text messaging.
Through this platform, parents receive questions via text message, which they can respond to and update their confidential baby notebook.
The founder of Qeepsake, Jeff McNeil, is a father of five and a resident of Auburndale, Massachusetts, who comes from a design background and previously owned a software design firm.
He created Qeepsake to help parents like himself record both significant and insignificant moments of their children’s lives using his technological knowledge.
Within two days of conceiving the idea, he had two developers working on it, and he built the platform himself as a web designer and developer. Jeff’s wife, Stephanie, who is a nurse, joined him in co-founding the company.
Many parents desire to make a baby notebook, but it can be challenging to find the time, especially with multiple children, like Jeff has.
Qeepsake simplifies the journaling process by sending two or four daily questions via text message about the child’s growth, which parents can easily respond to and upload a photo to the platform.
Qeepsake’s AI then builds a digital notebook that can be modified and eventually printed into a book.
There are two subscription options available, costing $40 or $90 per year, and users can also manually add photos and messages to the platform to commemorate milestones.
Qeepsake Shark Tank Pitch
Jeff McNeil presented his company to Shark Tank investors, seeking their help in reaching a wider audience with the products he had developed. His company was valued at $3.5 million, and he asked for $350,000 in exchange for a 10% ownership stake.
Jeff demonstrated how his products worked by creating books to show the Sharks. These books were printed copies of an online journal, priced between $29.99 and $44.99 depending on length. While they had only sold four books so far, they hoped to expand this area of their business in the future.
The company had over 40,000 active users, and 16% of them had converted to a subscription model, resulting in $250,000 of income in just four months.
However, Barbara chose to opt out of investing, while Mark saw potential competition in the future and decided not to invest. Lori did not believe she was the right partner for Jeff.
Kevin offered $350,000 for a 20% stake in the company, valuing it at $1.75 million. Jeff countered with a 12% equity share, but Kevin was offended and left the deal.
Chris then offered the same amount for a 20% equity share, but Jeff countered with a 14% equity share. Chris refused to sell his 20% stake, and Jeff rejected the offer. In the end, Jeff left the pitch without securing a deal.
Despite not securing an investment in Shark Tank, Qeepsake raised $900,000 shortly after the broadcast and had over 100,000 users. They also created an app to make things easier for consumers.
In June 2021, Punchbowl invested in the company, and its CEO, Matt Douglas, joined the Qeepsake Board. The company is now generating $2 million in annual revenue.
Competitors of Qeepsake
Lifecake, Tinybeans, and 23Snaps are Qeepsake top three competitors.
Net Worth of Qeepsake
The company was valued at $3.5 million during the pitch; in 2021 the company’s net worth is estimated at $5 million.
Qeepsake Shark Tank Updates
Qeepsake is a digital baby journal platform that allows parents to save memories of their children. Jeff McNeil, the founder of Qeepsake, appeared on Shark Tank in season 8 and sought $350,000 for 10% of his business.
Although he did not secure an investment in the show, Qeepsake raised $900,000 shortly after the broadcast and had over 100,000 users.
In June 2021, Punchbowl invested in the company, and its CEO, Matt Douglas, joined the Qeepsake Board. Qeepsake is generating $2 million in annual revenue.
Qeepsake has developed an app to make it easier for users to save memories of their children. The company also received two famous awards a few years ago. Qeepsake’s net worth was estimated to be $5 million in 2022.
In conclusion, Qeepsake is still in business and doing well in sales. The company has expanded its services by developing an app and receiving investments from Punchbowl.
Although Qeepsake did not secure an investment in Shark Tank, it has grown significantly since its appearance on the show and is generating $2 million in annual revenue.
Qeepsake Shark Tank:
| QEEPSAKE | |
| Founder | Jeff McNeil |
| Year Founded | 2015 |
| Product/Service | Digital baby notebook platform |
| Valuation during Shark Tank Pitch | $3.5 million |
| Asking for in Shark Tank Pitch | $350,000 for 10% equity |
| Investment Offers in Shark Tank Pitch | Kevin offered $350,000 for 20% equity, Chris offered $350,000 for 20% equity |
| Net Worth in 2022 | $5 million |
| Active Users (2022) | Over 100,000 |
| Annual Revenue | $2 million |
| Competitors | Lifecake, Tinybeans, 23Snaps |
Note: It is unclear what the company’s net worth will be in 2023.
Top of Form
Qeepsake FAQs
What Is the Qeepsake App and How Does It Work
Qeepsake is a journaling app that helps families capture and preserve memories of their children.
The app was founded in 2015 by Jeff and Stephanie McNeil, who wanted to create a private and secure service that would store their memories and remind them to stay on top of saving fleeting moments.
Qeepsake sends its users daily questions via text or pushes notifications to encourage them to reflect on their day, children, parenting, and more.
Users can respond to these questions with text, photos, or videos, which are then automatically organized into digital journals in Qeepsake’s app. Users can also add spontaneous memories, photos, or milestones when they happen using the Qeepsake app or by texting Qeepsake.
Qeepsake is designed to make it easy for busy parents to save beautiful memories of their baby or child. The app helps parents keep track of their child’s milestones from the moment the pregnancy test comes out positive until they are all grown up.
Qeepsake is an award-winning app that was featured on Shark Tank in October 2017. The app is available for free, but users can upgrade to paid versions for additional features. Users can turn their memories into real photo books by ordering printed albums.
Qeepsake instantly turns all memories into a personally crafted photo book filled with all pictures and journal entries.
What Is Qeepsake’s Offer On Shark Tank?
Qeepsake is a digital baby journal platform that allows parents to capture and preserve memories about their children. Jeff McNeil, a web designer, and developer, created the platform and appeared on Shark Tank seeking $350,000 for 10% equity.
Qeepsake uses artificial intelligence to develop a digital journal that parents can edit to their preference. The platform sends daily questions to parents, which they can answer via text message. The responses and questions are saved to the Qeepsake journal for the child or pregnancy.
During the Shark Tank pitch, Jeff produced books that were printed versions of the online journal. The books cost between $29.99 and $44.99, depending on their length. Qeepsake had only sold four books at the time of the pitch.
Jeff countered Kevin’s offer of $350,000 for 20% equity with a 14% equity offer, but Chris Sacca offered $350,000 for 20% equity, which Jeff declined. Despite not receiving a deal on the show, Qeepsake raised $900,000 just after the episode aired and attracted over 100,000 users.
Qeepsake offers two subscription plans: one costs $40 per year and sends two questions daily, while the other costs $90 per year and sends four questions daily.
The platform’s annual revenue boosted to $2 million, and in 2022, the company introduced a video feature for premium members. As of the latest statements, the company’s net worth amounts to $5,000,000.
Did Qeepsake Get An Offer?
Qeepsake, a family journaling app, has been in the news for both funding and appearing on Shark Tank. In 2022, Qeepsake raised $2 million in seed funding. However, it is unclear if Qeepsake received an offer on Shark Tank.
In season 9, Jeff McNeil, the founder of Qeepsake, asked for $350,000 for 10% equity. Chris Sacca offered $350,000 for 14%, but Jeff declined the offer.
Mark Cuban felt that Qeepsake was a great product but knew there would be competitors, so he did not make an offer. Kevin O’Leary did not make an offer either.
It is possible that Qeepsake received an offer outside of Shark Tank, but there is no information available on this. The most recent news on Qeepsake is from 2022 when the company raised $2 million in seed funding and appointed a new CEO.
Is Qeepsake Available In Stores?
Based on the search results, Qeepsake is not available in physical stores. Qeepsake is a journaling app that helps parents capture and preserve memories about their children.
It sends daily text message question prompts for each child, and parents can reply to the text message to create a photo journal. Qeepsake also turns all memories into a beautiful book filled with photos and journal entries.
Qeepsake can be downloaded for free from the App Store or Google Play. It offers two paid memberships to users who want to unlock more features.
Qeepsake Plus membership costs $47.88 per year and gives users access to unlimited entries and photos, up to two questions per day texted to their phone, and the ability to answer.
Qeepsake can also be purchased as a gift for baby showers, Christmas, Mother’s Day, Father’s Day, and other occasions. The gift membership can be purchased through the Qeepsake website.
What Happened To Qeepsake After The Shark Tank?
Qeepsake is a digital baby journal platform that replaces traditional baby books by utilizing text messaging. Jeff McNeil, the founder of Qeepsake, appeared on Shark Tank in season 8, seeking $350,000 for 10% of his business.
Although the Sharks appreciated his invention, most withdrew from negotiations. Mark Cuban felt it was a great product, but knew there would be competitors, making him get out of the tank.
Lori Greiner didn’t feel she could escalate this fast enough and dropped out. Barbara Corcoran, Mark Cuban, and Lori Greiner did not feel that their expertise could add to the business and jumped ship.
Chris Sacca offered $350,000 for 20%, but Jeff countered $350,000 for 14%. Kevin O’Leary then dropped out, and Chris liked Jeff’s response and approach, but wouldn’t back off of the 20%. This made Jeff decline the offer, and Qeepsake left without a deal.
Despite not securing an investment in Shark Tank, Qeepsake raised $900,000 shortly after the broadcast and had over 100,000 users. In June 2021, Punchbowl invested in the company, and its CEO, Matt Douglas, joined the Qeepsake Board.
As of 2022, Qeepsake’s estimated net worth is $5 million. The company is still in business and doing well, with a growing number of users and outside investments.
What Are The Competitors Of Qeepsake?
Qeepsake’s primary competitors are Lifecake, Tinybeans, and 23Snaps. Hit Em Up, TrueDialog Inc, Mobile Text Alerts LLC, and CRM Texting are also competitors of Qeepsake.
In addition, there are other SaaS companies that offer similar services to Qeepsake, such as Fintel Labs, Vencru, HubNami, and Lazy Lantern. These Qeepsake competitors have raised $131.6K and together serve more than 5K customers and employ over 68 team members.
Tinybeans is a competitor of Qeepsake that offers an online baby book solution. Tinybeans has an app that makes it more accessible, while Qeepsake texts users questions to answer about their baby.
Depending on the payment package, Qeepsake users can receive up to four questions per day and can go back and answer previous questions.
Tinybeans and Qeepsake both offer a softcover book for free, but Qeepsake’s book voucher may be redeemed towards the purchase of a Qeepsake Book valued at $50 USD or more (excluding shipping costs).
How much money is Qeepsake worth?
Qeepsake is currently valued at $5 million dollars. It was valued at $3.5 million during the pitch on Shark Tank.
Is Qeepsake secure?
All Qeepsake employees who have access to journal information have undergone a criminal background check as well as a sex-offender registry check.
They care about the security of their Personal Information but keep in mind that no method of communication over the Internet, or technique of electronic storage, is completely safe.
What is the business model?
There is a free and paid version of Qeepsake. The free version allows parents to keep their digital journals for as long as they want, but the paid version gives them the option to store photos and messages forever.
How much does it cost?
The business charges $40 per year for the digital notebook and $90 per year for an expanded one.
Customers may also purchase a printed book about their child’s growth at any time. Books start at $29.99 and can be purchased on both Apple and Android platforms.
Is it a scam?
Qeepsake is a legitimate business.
What is the net worth of Jeff McNeil?
Jeff Mc Neil’s net worth is estimated at $62 million.
