What Happened to Popslate after the Shark Tank Pitch? Popslate Shark Tank Update
What was Popslate?
PopSlate was a smartphone cover that added a second, always-on E Ink display to iPhones. This display provided instant access to useful information, such as maps, news feeds, and scan codes, without the need to unlock the front of the phone.
The device was designed to display photographs on the back of the iPhone, but it was soon realized that it could have other uses as well.
Its e-reader functionality came from the Kindle technology and allowed users to personalize what appeared on the screen.
It charged through the iPhone charging connection and had a durable casing that could withstand damage. It was priced similarly to other premium cases, around $89 depending on the iPhone model.
Who were the Founders of PopSlate?
Yashar Behzadi, along with Greg Moon, developed the Popslate, a phone case that incorporates an E ink display.
Yashar was motivated by the high number of times he found himself unlocking his phone, and wanted to find a way to make getting information from a smartphone more efficient.
He utilized the idea of completing tasks for the user and the often unused back of smartphones to create the Popslate. The duo raised over a million dollars on Indiegogo in March 2016 to fund production of the next model.
What Happened to Popslate at the Shark Tank Pitch?
Yashar appeared on Shark Tank seeking a $500,000 investment in exchange for a 5% stake in his company, which would value the company at $10 million.
He demonstrated his product, the Popslate, which allows customers to personalize their phone screens and saves them time.
The Sharks asked several questions, such as Robert Herjavec’s inquiry about customer perceived value, Mark Cuban’s about cost and price, Lori Greiner’s about the cost of manufacturing cases for different phone models, and Kevin O’Leary’s about Yashar’s financial losses and when he expects to become profitable.
Ultimately, the Sharks did not agree to invest, citing concerns about the product’s reliance on Apple, potential for technological updates to make the product obsolete, and the high cost of the product.
Mark Cuban believed the technology had potential, but ultimately did not find it compelling enough to invest. Yashar left the Tank without a Shark agreement.
What Happened to Popslate after the Shark Tank Pitch?
Although Popslate did not secure a deal on Shark Tank, the product experienced an increase in sales following the airing of the show, known as the “Shark Tank Effect.”
The founders have high hopes for the release of the iPhone 7, as it provides an opportunity to improve the product and potentially add new features based on customer feedback.
However, the Sharks had concerns about the technology’s long-term potential, but consumers’ tendency to purchase the latest phones promptly may indicate a market that can support a new Popslate model with each new iPhone release.
It is uncertain what the future holds. In March 2017, Popslate announced on Indiegogo that it was going through the process of dissolving the company and could not refund its 12,000+ backers.
In December 2016, the CEO, Yashar, was forced to close the company. He is now the CEO and Founder of Synthesis AI.
What was the Net Worth of Popslate?
On Shark Tank season 7 episode 24, Yashar sought a $500,000 investment for a 5% share of his company, valuing it at $10 million.
Who were the Competitors of Net Worth of Popslate?
There are no competitors identified for Popslate.
Popslate FAQS?
What was Popslate?
PopSlate was a smartphone cover that gave iPhones a second screen that was always on.
Without needing to swipe and unlock the front of the phone, the second screen, an E Ink display, allowed instant access to often needed information – maps, news feeds, and scan codes for tickets.
Who was the founder of PopSlate?
The founders of PopSlate were Yashar Behzadi and Greg Moon.
How much was he seeking in the Shark Tank?
Yashar Behzadi was seeking $500,000 from the Sharks in exchange for 5% of the company share.
Did he get the deal from the Shark?
No, he didn’t get the deal.
Is PopSlate still in business?
PopSlate ceased operations in December of 2016.
When was PopSlate aired on Shark Tank?
PopSlate first appeared on Shark Tank season 7 episode 24 on April 15th, 2016.
How much did they raised in IndeGoGO?
Yashar raised $1,091,204.00 from 12,823 backers.
Where was PopSlate located?
Popslate was based in San Francisco, California.
Where is Yashar Behzadi now?
Yashar Behzadi now is the CEO and Founder of Synthesis AI.
What was the cost of PopSlate?
PopSlate cost $129 to buy and $80 to manufacture.
What iPhone was compatible with PopSlate?
PopSlate was compatible with the iPhone 6 and iPhone 6S models only.
