Yono Clip Shark Tank Net Worth
During the pitch for Yono Clip on Shark Tank, the company was valued at $1 million. However, after Daymond John made his investment, the company’s valuation dropped to $500,000.
Despite this setback, Yono Clip has continued to operate and provide its innovative product to customers. As of December 2021, the company is still in business and has likely experienced some growth since its appearance on Shark Tank.
It’s difficult to determine the exact net worth of the company without more recent financial information, but it’s possible that its net worth has increased since the show. Only time and further updates on the company’s financials will reveal the true extent of its success.
What is Yono Clip and Who is the founder of Yono Clip?
Yono Clip is a product that allows you to keep your belongings off the ground and free from germs. If you’ve ever cringed at the thought of placing your luggage on a dirty restroom floor, Yono Clip is the solution.
The name Yono is short for “you only need one,” which perfectly describes the product’s purpose of adhering to any surface.
Yono Clip comes in a variety of colors and uses a DURAFLEX® suction cup to attach to practically any surface. The clip has a strong hook that can hold up to 15 pounds, making it ideal for bags and coats.
The creators of Yono Clip are Michael Green and Bob Mackey. Mackey previously served as CEO of the Boys & Girls Clubs of North Central Georgia, while Green was well-known for giving scientific talks in various locations. Green is currently the president of Science is for Everyone and continues to be an active entrepreneur.
The idea for Yono Clip came to Mackey one day at the gym when he saw people leaving their bags and coats on the floor, potentially transferring germs onto their belongings. He quickly drew up the product concept and enlisted the help of friends, including Green.
Yono Clip is a straightforward product that uses a DURAFLEX® suction cup for a strong grip. It also features a carabiner clasp and retractable hook, making it easy to use. Each clip is biodegradable, sustainable, renewable, and carbon neutral, and comes in recycled paper packaging.
The Yono Clip is available in blue, green, pink, black, white, and red, and is produced in the United States. It costs $19.99 and was successfully launched on Kickstarter in July 2020, raising $9,857 during the COVID-19 outbreak.
What Happened to Yono Clip at Shark Tank pitch?
Bob Mackey and Michael Green invented the Yono Clip to keep germs off their bags and coats, and they present their innovation in Shark Tank episode 12 seasons 12, hoping for a Shark to assist them in bringing their product to the public.
Bob and Michael offer $150,000 for a 15% stake in their company, which is worth at $1 million.
They share their stories and provide samples. They inform the Sharks that they’re still creating the clips in their garage and that they’d need Shark assistance with production.
The guys are now utilizing a 3D printer and wish to transition to a mold-based produced product. This will dramatically reduce costs and increase profitability.
The Sharks are wary because the players are essentially pre-revenue. As they leave one by one, Daymond offers $150,000 for 30% ownership in the firm at valuation of $500,000, which they accept and end the pitch with a deal.
Yono Clip Shark Tank?
How did Yono Clip fare after Shark Tank?
Yono Clip secured a deal with Daymond during their pitch and the agreement is currently being reviewed through the due diligence process. On February 23, 2021, Bob and Michael posted a message on their Facebook page, wishing Daymond a happy birthday and thanking him for his support. The post included the hashtag #ItsTimeToYono.
As of December 2021, Yono Clip was still operating, and its products could be purchased on both Amazon and the company’s website.
Who are Yono Clip’s competitors?
Yono Clip’s hook-and-loop holding option, combined with its hook, makes it a unique innovation. However, similar products include the Shower Rack Shoe Holder and the DryDock Hanging Organizer.
Net Worth of Yono Clip
The company was valued at $1 million during the pitch, after Daymond investment the company valuation was $500,000. Since then the company is still operating as of December 2021 and hence the company net worth might had increased.
Yono Clip FAQs
What is Yono Clip?
Yono Clip is your one-and-only option for keeping your belongings off the ground and germ-free. If you’ve ever cringed after dropping your luggage on a filthy lavatory floor, the Yono Clip is for you. It is a product that helps you keep your belongings off the ground and germ-free.
Who is the founder?
Michael Green and Bob Mackey are the founders of Yono Clip. Michael Green was an entrepreneur who is also an advocate for science education.
Aside from that, he is also a pioneer of solar energy technology. Bob Mackey is known as the business mind behind Yono Clip. He has been running businesses for a long time now and knows how to run them successfully.
How much were they asking on Shark Tank?
They were asking for $150,000 for 15% stake of their company.
Did they have the deal?
Yes, they have a deal with Daymond.
How much was the deal?
Daymond offered $150,000 for 30% ownership of the company.
Is Yono Clip still in business?
Yes, it is still in business as of December 2021.
How much was the valuation on Shark Tank?
On Shark Tank, they were given $500,000 valuation of the company.
What are the products?
Yono Clip is their product that helps in keeping germs away from the belongings and floor. Their target customers are families, people who are busy with work and children who need to carry backpacks to school or daycare centers.
What is the size?
It can be used to clip anything with its strong suction cup attachment and it can hold a 15-pound weight on it.
How does Yono Clip work?
The Yono Clip is a reusable, patented suction cup that adheres to virtually any surface using a DURAFLEX® suction cup.
The clip has a strong hook that holds up to 15 pounds for their bags and coats. Ideal for storing electronics in pants pockets, jackets, backpacks, briefcases and more.
What is Yono Clip website?
Yono Clip website is http://yonoclip.com/
Who are the distributors of Yono Clip?
The company is still in operation and they are selling the products on Amazon and their official website.
How much is it on Shark Tank?
Yono Clip was priced at $19.99 on Amazon as of December 2021 and it can also be ordered on their official site at $19.99 plus shipping charges.
How do you contact the company?
One can contact them by their email at [email protected]
Is Yono Clip Ship?
It can be shipped inside and outside the US.
What is the shipping cost?
Their shipping charge is $3.95.
Where are they located?
The company is situated in San Jose, California, even though they accept online orders from all over the US.
What is the net worth of Michael Green?
Michael has an estimated net worth of $2 million.
What is the net worth of Bob Mackey?
Bob Mackey has an estimated net worth of $1 million.
