Splikity Shark Tank Update | Splikity after the Shark Tank Pitch
What is Splikity?
Splikity is a straightforward and simple-to-use password management application.
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.
Who Founded Splikity?
Chad Clark and Doug Clark are the founders of Splikity.
What happen to Splikity at the Shark Tank Pitch?
They established their company in 2015. Chad and Doug make their way into Shark Tank and immediately begin explaining their narrative.
Kevin informs them that they have not yet requested funds, but they state that they are seeking $200K for a 20% stake in the firm, implying a valuation of $2 million.
They both continue to live with their parents and lack a technical background.
Mark Cuban, on the other hand, swiftly withdraws because he views the product as an all-too-easy tool for hackers to acquire people’s credentials.
Robert Herjavec is interested in learning more about the app’s autonomous functions.
Lori Greiner demonstrates how simple it would be for a woman to access, even if she is unfamiliar with technology.
They charge $4.99 per month or $49.99 for an annual subscription. Their sales had totaled $55,000 since the start of the previous month, courtesy of a royalty agreement.
Barbara Corcoran wonders whether it merely aggregates your passwords, given how frequently she forgets hers.
Cuban, on the other hand, shows his anger that they are being so covert about their royalty contract since they are unable to divulge who provided them the deal.
Herjavec, a technological magnate, admires their efforts but believes he knows “too much,” and therefore leaves.
Corcoran finds it perplexing, but she, too, goes out because she cannot earn money if she does not understand it.
Greiner also goes out since she was unable to comprehend it quickly enough.
O’Leary, the final shark in, assures them that there is demand, but offers 200,000 as venture loan, repayable with 10% of revenues until the $600,000 is paid back. Additionally, he desires a 5% stake.
They are appreciative of the offer but refuse.
“It is not my obligation to listen; it is your responsibility to convince me to listen,” Herjavec replies as they express their disappointment with their refusal to allow them two further minutes to explain.
He believes Cuban was particularly impolite.
Splikity after the Shark Tank Pitch
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.
Splikity Net Worth
Chad Clark and Doug Clark are seeking $200K for a 20% stake in the firm, implying a valuation of $2 million.
1Password, Bitwarden, BlindHash and Cyclonis are some of Splikity Competitors.
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?
What is net worth of Chad?
What can be done with Splikity?
Splikity is a Password Management System