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 FAQS
What is TactiBite fish call?
Electronic fish attractor that floats and can be thrown. It attracts fish to the area where it is floating, increasing their chances of capturing significantly.
Fish employ “Lateral Lines” sensors to detect the noises and vibrations of prey and other fish eating.
Who founded TactiBite Fish Call?
Jeff Danos and Jack Danos founded the company.
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.
What happened to TactiBite after shark tank?
Robert and the TactiBite men never completed their transaction. They weren’t required to. The firm went on to make $2 million in sales the year after its initial appearance.
They’re still in business and doing well as of May 2021.
TactiBite is owned by who?
Danos Jeff.
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.
