Tenikle Shark Tank Net Worth 2023
As of 2023, Tenikle’s net worth is estimated to be around $1.3 million.
The founder had initially valued the company at $2 million when it appeared on Shark Tank, and the net worth was later reported to be $3 million by some sources.
However, after the deal with Daymond John, the net worth was reported to be $900k.
What is Tenikle? Who is the founder of Tenikle?
Tenikle is a versatile phone/camera holder that boasts a 360° suction cup, making it a stable and reliable alternative to flimsy tripods. Its flexible design allows it to wrap around a variety of objects, such as poles, tree branches, golf clubs, or any firm support.
Additionally, the Tenikle can securely hold phones, GoPros, and cameras using its suction cups, and it comes with a phone clip for added convenience.
Hans and Lydia Dose, a married couple, started their company in their garage, much like many successful entrepreneurs.
Their product, Tenikle, a tripod with tentacle-like suction cups, was designed for content creators and amateur photographers alike.
The idea for the product came to Hans after he broke his phone while attempting to prop it up on a tree for a photo. On the way home, he realized the potential of a suction cup phone holder, which led to the creation of Tenikle.
Similar to a Gumby toy, Tenikle is a bendable tripod with three legs and suction cups that resemble octopuses. Its versatility extends beyond being a tripod and can also function as a vehicle mount, selfie stick, phone stand, and more.
After a successful Kickstarter campaign in September 2017, which raised $107,283, and an additional $126,922 on IndieGoGo, the production and shipping of the product faced delays and quality issues.
To rectify these issues, the company offered backers the option to upgrade to Tenikle 2, which took another year to arrive.
The company has since resolved these issues and is currently selling the latest version of Tenikle, the Tenikle 360, on their website and Amazon. The Tenikle 360 costs $5, while the upgraded version, Tenikle 2.0, costs $30.
Tenikle Shark Tank Pitch
Hans Dose appeared on Shark Tank episode 1311 to pitch his invention, Tenikle, a versatile tripod for attaching phones and cameras.
Hans was seeking a $200,000 investment and was willing to give up 10% of his company, which was valued at $2 million.
He also requested assistance with the production and shipping issues he experienced during his Kickstarter campaign.
During his pitch, Hans wore swim fins and had an inflatable octopus wrapped around his waist, reflecting his love for octopi and the inspiration behind his invention.
He demonstrated how the suction cups on the Tenikle can be used to hold up a surfboard and explained the various capabilities of his invention.
Although Mark expressed his appreciation for the product, he was more interested in the financial figures. Hans revealed that each unit costs $6.08 to manufacture and retails for $45, and he has sold approximately 40,000 units, generating $1.3 million in sales.
He also disclosed that he had accumulated $270,000 in debt to get to this point and had made $478,000 in sales in 2020. However, due to a lack of marketing funds, his sales had dropped to $9,000 in a month.
Robert offered to pay off Hans’ debt and invest an additional $100,000 in exchange for 60% equity shares in the company.
Daymond empathized with Hans and offered $200,000 for 33.3% equity shares, which he later reduced to 30%. Ultimately, Hans struck a deal with Daymond for $200,000 for 30% equity shares.
After the episode aired, Hans exceeded $250,000 in sales and sold out on Amazon within days. Daymond tweeted his support for Hans and his product, stating that he believes in Hans and is looking forward to working with his new partner. As of January 2022, Tenikle had generated $1.3 million in lifetime sales and was still operating.
Competitors of Tenikle
Tenikle is in direct competition with other leading producers of cell phone accessories, like Casetify, ZAGG, and Anker.
Net Worth of Tenikle
The company was valued at $2 million during the pitch, after the investment done by Daymond John the company valued at $666,667 .
The company is still running with $1.3 million in lifetime sales as of January 2022.
Tenikle Updates
Tenikle is a tripod for mounting phones and cameras that can attach to any flat surface like the hand of an octopus. The product was created by Hans Dose, who appeared on Shark Tank Season 13, Episode 9, seeking $200,000 in exchange for 10% equity.
After the episode aired, all the products were sold out within 5 minutes, and the company has sold $375,000 since appearing on the show.
However, Tenikle ran into some production and shipping issues with the first batch, which compromised the product’s quality and led to some dissatisfied customers. The company offered to allow backers to trade up for the Tenikle 2, which took another year to deliver.
The second time around, Hans fixed the mistakes they had made, and the company received great feedback. As of December 2022, the company has over $2 million in lifetime sales and over $5 million in annual revenue.
Tenikle is still in business and has launched a new product, the Tenikle 360° Universal Mount Light, which costs $80. The company recently received an offer to buy over $1 million worth of products for retail.
Daymond John invested $200,000 for a 30% equity in the Tenikle business, and he brought on his friend Cody Grandadam (President of Litezall) as a strategic partner to help Tenikle expand its retail presence.
Tenikle Shark Tank Net Worth 2023
| TOPIC | SUMMARY |
| Tenikle | A versatile phone/camera holder with a 360° suction cup and a flexible design. |
| Founder | Hans and Lydia Dose, a married couple, started the company in their garage. |
| Shark Tank Pitch | Hans appeared seeking a $200,000 investment and was willing to give up 10% of the company. |
| Deal | Hans made a deal with Daymond John for $200,000 for 30% equity shares. |
| Net Worth | As of 2023, Tenikle’s net worth is estimated to be around $1.3 million. |
| Competitors | Tenikle competes with other leading producers of cell phone accessories. |
| Updates | Tenikle has faced some production and shipping issues but has generated over $2 million. |
Tenikle FAQs
What Is Tenikle?
Tenikle is an all-in-one tripod/mount for smartphones, cameras, and other devices. It was inspired by the octopus and has multiple flexible arms all studded with suction cups. The suction cups allow Tenikle to securely mount anywhere with bendable legs.
It can hold up phones, tablets, cameras, and more. Tenikle is also versatile and can be used as a car mount, selfie stick, phone stand, and more.
Tenikle was created by entrepreneur Hans Dose, who secured a patent for it in 2015. He appeared on Shark Tank during the show’s 13th season and pitched his company Tenikle.
Tenikle received a shot in the arm after appearing on Shark Tank and has since added a new product to its offerings, the Tenikle 360, which adds a fourth swivel arm allowing for 360 degrees of movement.
Tenikle is still in business today and is selling on its website and Amazon. The newest version, Tenikle 360, costs $5, and the “2.0” is $30. Tenikle has a safe checkout and 90-day returns, and the company offers a free 1-year warranty.
What Is The Current Valuation Of Tenikle?
The current valuation of Tenikle is around $1.3 million as of 2022. The company was initially valued at $2 million when it appeared on Shark Tank. However, after the deal with Daymond John, the net worth was reported to be $900k.
It is worth noting that the net worth of the company may have changed since the last reported valuation.
Tenikle is a versatile phone/camera holder that boasts a 360° suction cup, making it a stable and reliable alternative to flimsy tripods. Its flexible design allows it to wrap around a variety of objects, such as poles, tree branches, golf clubs, or any firm support.
The company has launched a new product, Tenikle 360° Universal Mount Light, which is priced at $80. The company has over $5 million in annual revenue with the introduction of their new item, the Tenikle 360, along with a range of other device holders.
What Happened To Tenikle After Shark Tank?
Tenikle is a California-based company that makes flexible three-legged tripods with suction cups all over, designed to make holding your phone and camera a hassle-free experience.
The founder, Hans, got the idea for this business while attaching a broken phone to a suction cup mounted phone holder on his car. He decided to give a new look to the tripods. After many failures while painting the prototypes, it finally became his favorite prototype.
Does launched a crowdfunding campaign on Kickstarter for his product on August 22, 2017, raising $107,283 from 2,168 backers in 39 days.
Tenikle appeared on Shark Tank Season 13, Episode 9, seeking $200,000 in exchange for 10% equity. Daymond John invested $200K in “Tenikle” for 30% equity. Within 5 minutes of the episode airing, all the tripods products were sold out.
After this, people started booking these tripods in pre-order. As of December 2022, Daymond has not closed this deal.
Tenikle’s stock completely sold out after Shark Tank, and the demand for its products continues to rise, which bodes well for the company’s future success.
Is Tenikle Still In Business?
Yes, Tenikle is still in business as of 2023. The company has added a new product to its offerings, the Tenikle 360, which adds a fourth swivel arm allowing for 360 degrees of movement. The company has also launched a new product called the Tenikle 360° Universal Mount Light, priced at $80.
The company’s annual sales have reached an estimated $2 million. Another source estimates the company’s worth at $1.3 million.
Tenikle appeared on Shark Tank and received a deal from Daymond John, who invested $200,000 for 30% equity. The deal was agreed upon, but it was still under process at the time of one source’s report. The Shark Tank exposure helped boost the sales of Tenikle’s product.
The founder of Tenikle, Hans Dose, pitched the product well on Shark Tank and secured a patent in 2015.
What is Tenikle?
Tenikle is the world’s only fully customizable cell phone holder. Using the patent pending design and combination of three silicone tentacles, Tenikle can hold in almost any position and securely attach to any surface.
With Tenikle you can finally say good-bye to the frustration of not being able to take that perfect selfie or trying to prop your phone up so it doesn’t fall over.
Who is the inventor?
Hans Dose is the inventor of Tenikle. Hans used to be the creative director at Hurley, the world’s largest apparel brand in the action sports industry.
He simultaneously created his first invention, an adjustable belt buckle, which he sold on his own.
How much was Hans seeking on Shark Tank?
Hans was seeking $200,000 for a 10% stake in his company.
Did he have the deal?
Yes, Daymond John offered Hans $200,000 for a 30% stake in the company.
Is Tenikle still in business?
Yes, the company is still operating with $1.3 million in a lifetime as of January 2022.
Where is Tenikle located?
The company is located in San Mateo, CA.
What is Tenikle website?
The company website is https://tenikle.com.
How much does Tenikle cost?
Tenikle 360: $5, and Tenikle 2.0: $30
Where can I buy Tenikle?
Tenikle is available on their website and Amazon.
What are the specs of Tenikle?
Tenikle’s features include: Customizable universal docking station for all cell phones, tablets and cameras – adapts for any smartphone and phone case/sleeve on the market.
Is Tenikle having a patent?
Yes, the company holds a Patent #US9182077 with two claims.
Is Tenikle successful?
Yes, the company is successful and has earned revenue of $1.3 million in its seven years of operations.
What is Tenikle made?
Made with a combination of three silicone tentacles and 3M adhesive, Tenikle is 100% waterproof.
What is the difference between Tenikle and other products?
The product’s main attractions are its universal docking station that adapts to any smartphone and phone case/sleeve on the market. The product also features three silicone tentacles for easy positioning.
Does Tenikle come in different colors?
Yes, the product comes in several colors including green, blue, black and teal.
Who is the CEO?
Hans Dose is the CEO of Tenikle.
What is the net worth of Hans Dose?
The net worth of Hans Dose is unknown as of January 2022.
