TactiBite Fish Call Net Worth
TactiBite Fish Call was valued at $1.5 million when it appeared on Shark Tank. Its net worth is currently estimated to be around $2 million. The company has over $500,000 worth of products in stock.
What is TactiBite Fish Call and Who Founded TactiBite Fish Call?
The TactiBite Fish Call is a contemporary and advanced approach to catching fish. It is equipped with a built-in speaker that emits vibrations and sounds to attract fish, who are always eager for a quick and easy meal.
Once in the water, the fish call creates noises similar to that of schooling and feeding fish, drawing fish towards it.
The TactiBite Fish Call was invented by Jack Danos, who was only 15 years old at the time. Using a 3D printer at home, he was able to create the product. Together with his father, Jeff Danos, they launched a Kickstarter campaign to bring the product to market.
The campaign exceeded its goal, raising $112,573, ten times more than its initial target of $10,000.
The TactiBite Fish Call employs “tactile transducers,” which are speakers mounted on a hard surface to produce vibrations. Weighing approximately a pound and sized similarly to a beer can, the device includes an anchor and anchor line. Fishermen need only fish near the fish call to capture more fish.
Although the initial prototype was created using a 3D printer, the father-son duo has located a factory for future production.
They have a patent pending for the TactiBite Fish Call and charge $99.99 for the device. Reviews from fishermen have been positive, with many initially skeptical users reporting an increase in their catch after using the product.
TactiBite Fish Call Shark Tank Pitch
Jeff and Jack appeared on Shark Tank, seeking $150,000 for a 10% stake in their company, which had a valuation of $1.5 million. They demonstrated their product, showed a video of themselves catching fish, and gave out samples.
The Sharks were interested, particularly after learning that they had earned $330,000 in the previous five months. They were even more impressed when they discovered that the device costs only $16 to manufacture and sells for $99.99.
Daymond seemed interested and asked why they were pitching on Shark Tank when things were going so well for them. Jeff replied that they needed a business expert to help them expand into major retail outlets and get their product, “Explore,” onto the market.
Kevin offered $150,000 for a 20% stake, but Daymond matched his offer of $150,000 for a 20% stake, stating that it would require a lot of effort on a shark’s part to achieve significant sales growth, which is why he too was asking for a 20% ownership.
Mark stated that the TactiBite Fish Call was not for him, and he was leaving.
Lori offered $150,000 for 15%, and Jack countered by asking if she would consider a $200,000 investment for a 15% stake. Lori refused, saying that the amount of work required would keep her original offer.
Kevin and Lori began to argue, and Robert offered them what they were asking for: $150,000 for 10%.
Lori quickly matched Robert’s offer, and Jack asked if they wanted to partner. They declined, and he accepted Robert’s offer since he gave them what they wanted right away.
Robert and the TactiBite Fish Call did not finalize their deal, but it didn’t matter. The company went on to make $2 million in sales the following year after its initial appearance on the show.
The Fish Call is still available on the company’s website, now priced at $69.99, as well as on Amazon, where reviews are mixed. As of May 2021, the company is still in operation and doing well.
TactiBite Fish Call Net Worth
Jeff and Jack come in looking for $150,000 for a 10% stake in their company. This corresponds to a $1.5 million value. They accepted an offer from the same.
TactiBite Fish Call Competitor
There is no competitor.
TactiBite Fish Call Shark Tank Updates
TactiBite Fish Call is an electronic fish attractor designed to help catch more fish. It was created by father and son “fishtrepreneurs” Jeff and Jack Danos, who appeared on Shark Tank in Season 8 Episode 2.
During their pitch, they asked for $150,000 for 10% of their business and showed a video of them catching fish using their product.
The Sharks seemed interested, especially when they learned that they had done $330,000 in sales in the past five months. Robert Herjavec made an offer of $150,000 for 10% equity, which the Danos accepted.
After the episode aired, TactiBite Fish Call became very popular and was expected to do $2 million in sales by the end of 2016. As of January 2023, the company is still in business and doing well.
Although Robert and the TactiBite guys never closed their deal, they did not need to as they went on to do $2 million in sales in the year following their original appearance. The TactiBite Fish Call is available for purchase on their website.
Summary table for TactiBite Fish Call
| INFORMATION | DETAILS |
| Valuation On Shark Tank | $1.5 million |
| Current Net Worth | Around $2 million |
| Amount Of Products In Stock | Over $500,000 |
| Founder(S) | Jack Danos |
| Invention | TactiBite Fish Call, is a device equipped with a built-in speaker that emits vibrations and sounds to attract fish. |
| Fundraising | The Kickstarter campaign raised $112,573 exceeding its initial target of $10,000 |
| Patent | Pending |
| Retail Price | $69.99 |
| Shark Tank Outcome | Accepted an offer of $150,000 for 10% equity from Robert Herjavec |
| Competitor | None |
| Updates | The company is still in business and doing well. |
TactiBite Fish Call FAQS
What Is Tactibite Fish Call And How Does It Work?
TactiBite Fish Call is an electronic fish attractor that sends out sounds and vibrations to attract game fish. The device contains a speaker that plays different sounds to attract different types of fish.
The TactiBite Fish Call has two sounds, “Rattle Battle” and “Scared Shrimp,” which are designed to attract freshwater and saltwater fish, respectively. The device is easy to operate, with a power button and a play button to select the sound you want.
The TactiBite Fish Call is designed to help fishermen catch more fish by attracting them to the area where the bait is located.
According to the TactiBite Fish Call website, the device has been successful in attracting a variety of fish, including Largemouth Bass, Crappie, Channel Cat, Striped Bass, Bluegill, Brown Trout, Hybrid Bass, Red Fish, Speckled Trout, Yellowtail, Drum, Flounder, Snook, Red Snapper, Sheepshead, Calico Bass, Channel Mullet, Mackerel, Black Tip Shark, and Blue Fish.
While there is no scientific evidence to support the effectiveness of the TactiBite Fish Call, users have reported success in attracting fish to their bait. The TactiBite Fish Call is available for purchase on their website and other online retailers.
Who founded TactiBite Fish Call?
Jeff Danos and Jack Danos founded the company.
What Was The Outcome Of The Tactibite Fish Call Shark Tank Pitch?
During Season 8 Episode 2 of Shark Tank, the founders of TactiBite Fish Call, Jack and Jeff Damos, pitched their product to the sharks and secured a deal with Robert Herjavec for $150,000 in exchange for 10% equity in their company.
After the episode aired, TactiBite Fish Call experienced a surge in sales and was expecting to do $2 million in sales by the end of 2016, which was significantly higher than their original projection of $750,000.
The company has since continued to do well, with a net worth of $2 million as of January 2023. The TactiBite Fish Call is an electronic fish attractor that uses sounds and vibrations to attract game fish, and it is designed to help fishermen catch more fish.
The device is easy to use, with a simple power button and a selection of sounds to choose from. The TactiBite Fish Call is available for purchase on their website and other online retailers.
What Happened To Tactibite Fish Call After Its Appearance At The Shark Tank?
After appearing on Shark Tank, TactiBite Fish Call experienced a significant increase in sales and brand recognition. The company secured a deal with Robert Herjavec for $150,000 in exchange for 10% equity.
The publicity from the show helped raise awareness about the product and its innovative approach to attracting fish. TactiBite Fish Call was expecting to do $2 million in sales by the end of 2016 instead of the original $750,000.
The company went on to do $2 million in sales in the year following their appearance on the show. As of January 2023, the company is still in business and doing well, with a net worth of $2 million.
Although they did not close the deal with Robert Herjavec, the company’s success after the show allowed them to fund future orders and expand their business.
What episode was TactiBite Fish Call at the Shark Tank?
TactiBite Fish Call was pitched to the Sharks on Season 8 Episode 2.
What colours does this TactiBite Fish Call come in?
TactiBite Fish Call comes in a variety of colours, including red, blue, yellow and black.
Is it effective in fresh water?
Yes, their clients have had great success with bass, catfish, crappie, bluegill, salmon, pike, striper, hybrid bass, yellowtail, and a variety of other freshwater species.
Is it effective in salt water?
Absolutely, their clients are catching Speckled Trout, Redfish, Black Drum, Yellowtail, Flounder, Sheepshead, Black Tip Shark, Blue Fish, Channel Mullet, and a variety of other saltwater species.
How does it function?
It isn’t magic; it is science! It emits noises and vibrations. Fish are naturally inquisitive (and constantly hungry!) and will gravitate toward these noises and vibrations in quest of their next meal.
Is it protected by patent?
Yes. Several patents have been awarded or are pending for the TactiBite Fish Call.
What is the source of the sounds?
They record and mimic the sounds and sensations of feeding fish using cutting-edge hydrophone and computer technologies.
What are the specs?
The TactiBite Fish Call weights less than a pound, with the accompanying anchor adding another 9 ounces. Weight in total: 1.6 lbs. 3.5″ in diameter “8 feet tall “.
Is it assured that they will catch fish?
They cannot promise that they will catch fish while using it, unlike other gadgets that many perceive to be gimmicks.
It’s not magic, and they still have to catch it. It will draw adjacent fish to the region where it is floating, increasing their chances of capturing.
Does it use batteries?
Yes, it takes three standard AAA batteries (not included).
How long will batteries run?
It will operate for more than 20 hours on new AAA batteries, which is more than enough for several days of fishing. To avoid corrosion, they recommend removing the batteries while not in use.
How many should they fish with?
At least one, but more is preferable. They always fish with at least two others, and sometimes up to four, depending on where they are fishing and how many others are there.
What type of sound should they use?
Their Scared Shrimp sound is their “go-to” sound for salt water, and their Rattle Battle sound is their “go-to” sound for fresh water, although they’ve had success with all three sounds in both.
It’s fishing, and just as various lures perform better on different days, so does the TactiBite Fish Call.
When was their Shark Tank Episode Aired?
On September 30th, 2016, their episode was aired. It’s episode 2 of Season 8.
