Splikity Shark Tank Net Worth 2023
When Splikity appeared on Shark Tank, they were seeking an investment of $200,000 for a 20% stake in the company. This would have valued the company at $1 million.
However, none of the sharks made a deal with Splikity except for Kevin O’Leary who made an offer that was declined by the founders.
As of now, Splikity’s social media profiles have not been very active since their appearance on Shark Tank.
What is Splikity? Who Founded Splikity?
Splikity is a straightforward and simple-to-use password management application. Chad Clark and Doug Clark are the founders of Splikity.
They may use Splikity to securely save, manage, and remember their password, thereby eliminating the possibility of forgetting it.
They can use the Splikity to protect their passwords from hackers attempting to steal their identities.
Additionally, they may use Splikity to synchronize and backup your password across all of their devices.
Additionally, they can generate unique and complex passwords for new sign-ups using the Splikity app, which will keep you completely secure from hackers.
Recognizing their lack of technological proficiency, the brothers were driven to create an intuitive software that eliminated the need to memorize passwords without jeopardizing security.
Most importantly, they ensured that the app was accessible to everyone, even elderly women.
Due of the brothers’ lack of technical experience, they hired a team to develop their application. Following the software’s creation, there was perceptible interest in it.
One of these interests resulted in a corporation paying $50,000 for the right to utilize their software.
Splikity Shark Tank Pitch
In 2015, Chad and Doug founded their company and appeared on Shark Tank to pitch their product. Despite not yet seeking funds, they requested $200,000 for a 20% stake in the company, implying a valuation of $2 million.
However, they lacked technical expertise and were still living with their parents.
During the pitch, Mark Cuban withdrew due to concerns about the product’s potential for hackers to access user credentials.
Robert Herjavec was interested in the app’s autonomous functions, while Lori Greiner found it simple to use. Barbara Corcoran questioned whether the product merely aggregated passwords.
Kevin O’Leary offered a venture loan of $200,000, repayable with 10% of revenues until $600,000 was paid back, and a 5% stake in the company, but Chad and Doug declined.
After the episode, the demand for the app was low, and their social media pages were inactive. As of 2021, Doug still listed the company on his LinkedIn profile, and their website was still operational, but the Apple app store only had five ratings.
Table Summary: Splikity Shark Tank
| INFORMATION | DETAILS |
| What is Splikity? | A password management application |
| Founders | Chad Clark and Doug Clark |
| Purpose | To securely save, manage, and remember passwords |
| Competitors | 1Password, Bitwarden, BlindHash, and Cyclonis |
| Shark Tank Pitch | Requested $200,000 for a 20% stake, valuing at $2M |
| Shark Tank Outcome | Declined offer from Kevin O’Leary |
| Social Media | Profiles have been inactive since their pitch |
| Net Worth | Seeking $200K for a 20% stake, valuing at $2M |
| Updates | App uses military-grade encryption to protect data |
| FAQs | Splikity securely saves and syncs passwords |
Note: Information on Splikity’s competitors and updates were also provided, but no specific details were given.
Splikity Net Worth
Chad Clark and Doug Clark are seeking $200K for a 20% stake in the firm, implying a valuation of $2 million.
Splikity Competitors
1Password, Bitwarden, BlindHash and Cyclonis are some of Splikity Competitors.
Splikity Updates
Splikity is a password management app that generates complex, unique passwords for all the sites you use so you won’t get caught in the trap of identity theft or worse. The app uses military-grade encryption and backs up and syncs all your data across all devices.
Splikity was founded in 2013 with the idea that the “old” way of managing passwords left most people vulnerable to hackers. The app was launched in 2015, and sales were modest but reasonable in the first few months.
Chad and Doug Clark, the founders of Splikity, pitched their app on Shark Tank Season 7 in 2023. They were seeking $200K for 20% of the business. However, after airing, the app didn’t experience the ‘Shark Tank effect’ . There was little to no demand for the app at all.
Splikity’s website is still functional, but there is no other internet presence for this company.
As of 2023, Splikity is still in business and functional. However, the social media profiles of Splikity have not been active since the episode of Shark Tank aired. Doug Clark still lists the business as open on his LinkedIn page.
Splikity FAQS?
What Is Splikity?
Splikity is a password management app that securely saves and syncs passwords to all devices. It uses military-grade encryption to keep passwords safe and secure against hackers. Splikity generates complex, unique passwords for all sites, eliminating the need to remember multiple passwords.
The app also backs up and syncs all data across all devices. Splikity was founded in 2013 with the idea that the “old” way of managing passwords left most people vulnerable to hackers.
Entrepreneurial brothers Chad and Doug Clark appeared on Shark Tank in 2015 to secure an investment for Splikity. The presentation did not state anything that would make their product different or stand out from the competition.
The sharks were unimpressed, and Mark Cuban felt that there was nothing special about it. Despite this setback, Splikity is still in business and functional.
How Does Splikity Works?
Splikity is a password management solution that automatically and securely syncs all of your passwords to all of your devices so you can access them everywhere. Splikity uses military-grade encryption to keep your passwords more secure than ever, and only you have access to your information.
Splikity is trusted by identity protection companies, medical service providers, and educational institutions.
Splikity is super easy to use and intuitive. It has unlimited device support, so you can access your Splikity account on an unlimited number of devices. Splikity also has multiple account support, so you can store all of your passwords.
You can organize your passwords your way by creating custom categories.
Splikity was founded by Chad and Doug Clark, who appeared on Shark Tank in 2015. They pitched Splikity as a software that would store all of a user’s passwords for them, securely and safely, and it would work on all sites.
Splikity launched in 2015, and sales were modest but reasonable in the first few months. The brothers saw an open-casting call for Shark Tank applicants and knew that in order to grow their brand of security software in the crowded and competitive sector would require an injection of funding.
In Shark Tank, the Clark brothers explained the unique benefits of Splikity, including its military-grade encryption and its ability to work across all websites to allow the user to never have to type in or remember a password again.
However, the sharks were not impressed, and Mark Cuban in particular did not see anything special about the product. The Clark brothers eventually admitted that Splikity wasn’t actually unique, but it was the simplest password protection software available.
What Happened To Splikity After Shark Tank?
Splikity is a password management app that appeared on Shark Tank in 2015. The founders, Chad and Doug Clark, were seeking $200,000 for 20% of the business. However, none of the sharks were interested in investing in the company, and they left the tank without a deal.
After the show aired, there was little to no demand for the app, and there were only a handful of reviews on the iOS App Store. The website is still up, but their social media is dark. As of November 2022, Doug still lists the business as open on his LinkedIn page.
Despite not receiving an investment from the sharks, the founders of Splikity learned several lessons from their Shark Tank experience.
They realized the importance of knowing what sets them apart from their competition, having a plan in place to capitalize on PR before, during, and afterwards, and being prepared to handle the influx of traffic that comes with appearing on the show.
Since their appearance on Shark Tank, Splikity has been bootstrapping their startup.
What Is The Current Valuation Of Splikity?
The current valuation of Splikity is unclear. When Splikity appeared on Shark Tank in 2015, they were seeking an investment of $200,000 for a 20% stake in the company, which would have valued the company at $1 million.
However, they did not receive a deal from the sharks except for an offer from Kevin O’Leary that was declined by the founders. In the same year, Chad and Doug Clark founded the company and requested $200,000 for a 20% stake in the company, implying a valuation of $2 million.
As of 2022, Splikity is still in business and the password management app is still functional and running. However, since the Shark Tank episode aired, Splikity’s social media profiles have not been very active.
Doug’s LinkedIn profile still refers to the business as “open” as of 2021. Nonetheless, the current valuation of Splikity is not mentioned in the search results.
Is Splikity Still In Business?
Splikity is still in business as of April 26, 2023. However, the app did not experience the “Shark Tank effect” and there was little to no demand for the app after its appearance on the show. The social media profiles of Splikity have not been very active since the show.
The website is still up and running, but their social media pages are inactive, and the Apple app store has only five ratings.
Splikity is a password management app that organizes and remembers passwords in a secure environment. The app generates complex, unique passwords for all the sites you use so you won’t get caught in the trap of identity theft or worse.
Splikity was founded in 2013 with the idea that the “old” way of managing passwords left most people vulnerable to hackers. The app uses military-grade encryption and works seamlessly across any device without needing you to type your password again on any website.
In conclusion, Splikity is still in business as of April 26, 2023, but it did not experience significant growth after its appearance on Shark Tank. The app is still functional and available for download, but its social media presence is inactive.
Splikity is a password management app that generates complex, unique passwords for all the sites you use and uses military-grade encryption to keep your passwords secure.
What became to Splikity following the shark tank?
Following the launch of the Tank, there was little demand for the app.
Doug continues to describe the firm as open on his LinkedIn profile as of 2021.
The website is still live, but their social media pages are inactive, and the Apple app store has only five ratings.
Is Splikity still operational?
According to the Splikity LinkedIn page, the firm is still active.
However, the Splikity Password management app’s social media profiles have been silent for an extended period of time.
Additionally, the app has just 1000+ downloads and 37 reviews on the Google Play store, earning it a 2.7-star rating.
Did Splikity get a deal from the Sharks?
Splikity attempted to seal a $200,000 deal from the sharks. They were denied by all of them except for Kevin O’Leary who make an offer but Splikity decline.
How is Splikity more secure and safer than other websites?
Splikity will never require access to the data they save.
Furthermore, because they do not require access to their information, they encrypt all of their data on their device, rendering it impossible for anyone else to decrypt it.
They will never be able to decrypt any of their data, and if they are unable to decrypt their data, no one else will be able to either.
Is the data they save with Splikity private?
Yes. Splikity encrypts and decrypts the data they save on their device, ensuring that they are the only person who has access to it.
Their data is encrypted using AES-256, a highly sophisticated encryption algorithm that the government uses to protect and maintain TOP SECRET information.
Is it possible for anyone at Splikity to access my passwords?
No. Because Splikity uses industry-leading security, no one except them has access to their passwords.
All passwords saved with Splikity are encrypted using AES-256 on their device.
Does Splikity know their Splikity Master Password?
No. Splikity will never obtain or learn their Master Password. Only they are aware of their Master Password.
Why is it necessary for them to remember their “Splikity Master Password”?
Their Splikity Master Password is critical because it serves as both the encryption and decryption key for the data they store with Splikity.
It is never kept anywhere and is only known to them. This guarantees that their data is only accessible to them.
This also implies that they MUST maintain a record of their master password.
Because it is the decryption key for their Splikity data, if they forget it, they will be unable to access it.
It is critical to establish a strong master password that is known only to them and cannot be guessed by anyone else.
Is their Splikity Master Password stored in Splikity?
At Splikity, they want them to feel safer than ever before.
Their Splikity Master Password is the encryption and decryption key for all of their data. That is why their Splikity Master Password is not stored by them.
What happens if they forget their Splikity Master Password?
If they forget their Splikity Master Password, they will be unable to reset it.
It is critical that they keep track of their Splikity Master Password. This will be the only password they will need to remember.
What if Splikity gets hacked?
At Splikity, security is paramount. They’ve gone to great efforts to guarantee that they have the finest security on the internet, using AES-256 and a whopping 250,000 rounds of PBKDF2 SHA-256.
They execute security checks on their system on a regular basis to check for vulnerabilities and to ensure that Splikity is safe.
With all of these safeguards and processes in place at Splikity, it is highly improbable that they will be hacked.
However, even if a breach occurs, their data is safe since it is encrypted using the industry-leading AES-256 algorithm.
Where is Splikity’s server located?
Splikity is hosted on the world’s most reputable cloud computing platform, AWS.
Amazon goes to tremendous pains to secure their data centres physically and digitally, and they take further measures to safeguard their data.
Who owns Splikity?
Chad Clark and Doug Clark owns the business.
Which season of Shark Tank featured Splikity?
It was on season 7 episode 2.
What is net worth of Doug Clark?
Unknown.
What is net worth of Chad?
Unknown.
What can be done with Splikity?
Splikity is a Password Management System
