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 $1 million.
They share their stories and provide samples. They inform the Sharks that they were still creating the clips in their garage and that they’d need Shark’s 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 a 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’s investment the company valuation was $500,000. Since then the company is still operating as of December 2021 and hence the company’s net worth might have increased.
Yono Clip Shark Tank Updates
Yono Clip is a suction cup device that can be attached to almost any surface and pulled out into a small hook that people can hang things on.
Bob Mackey and Michael Green created the Yono Clip to keep germs off their bags and jackets and they pitched their invention in Shark Tank episode 1208.
They entered the tank seeking $150,000 for 15% of their business and walked out with an offer from Daymond John at $150,000 for 30% of the company.
Since appearing on Shark Tank, Yono Clip has experienced significant growth and has been featured in several major publications, including Forbes and Inc.
The company now sells the product for $19.99 on its website and on Amazon. However, there are numerous knock-off products on Amazon. As of January, reliable revenue figures are unavailable.
The company’s social media hasn’t been updated since February. The official Instagram account for the Yono Clip has less than 2,000 followers and hasn’t had any activity in about 6 months.
It is unclear whether the business is active as the URL connected to its Instagram is a dead link, and the business has moved from a .com to a .net domain.
What Happened To Yono Clip After Shark Tank?
Yono Clip was featured on Shark Tank during season 12 and received a $150,000 investment from Daymond John in exchange for 30% equity. Since then, the company has experienced growth and has been featured in major publications like Forbes and Inc.
They have also expanded their product line to include face shields and other safety gear. Yono Clip can be purchased on online marketplaces such as Amazon and Walmart, as well as in retail stores. As of 2022, the company has sold more than 10,000 products.
Despite the positive developments, the Sharks were disappointed with Yono Clip’s revenue during the pitch, and the deal did not go through. It is not clear how the company has been doing since its appearance on Shark Tank.
Their official Instagram account has less than 2,000 followers and has not been active for about six months. Additionally, Yono Clip has changed its domain from .com to .net, and the URL link to its Instagram account is no longer valid. It is possible that Yono Clip is in a rebuilding stage.
What Was The Deal Made By Yono Clip With The Sharks?
Bob Mackey and Michael Green presented their invention, the Yono Clip, in episode 1208 of Shark Tank. The Yono Clip is a suction cup with a hook that can be attached to bags and jackets to keep them free of germs.
The founders sought $150,000 in exchange for 15% of their business and asked for help with manufacturing. Although the Sharks were impressed with the product, they were hesitant about the company’s valuation.
Daymond John offered $150,000 for 30% of the company, but Bob and Michael asked if he would be willing to lower his equity share to 20%, which almost cost them the deal.
However, with the encouragement of the other Sharks, they eventually accepted Daymond’s original offer, and Yono Clip secured a deal with him.
After appearing on Shark Tank, Yono Clip received free marketing and funding, leading to significant growth. The company now sells the product for $19.99 on its website and Amazon, and they have expanded its product line to include face shields and other safety gear.
During the pandemic, the sales of Yono Clip have been strong, leading to an increase in the company’s net worth and valuation, which is now $450,000.
How Has Yono Clip Grown Since Appearing On Shark Tank?
Yono Clip, a product that helps keep possessions from touching dirty surfaces, appeared on Season 12 Episode 12 of Shark Tank and received an offer from Daymond John for $150,000 for 15% of their company’s shares.
The founders, Michael Green and Bob Mackey accepted the offer and have since experienced significant growth. Yono Clip has been featured in major publications such as Forbes, Inc., and Time Magazine, and has expanded its product line to include face shields and other safety gear.
Yono Clip had already established itself as a brand before appearing on Shark Tank, with good sales through social media and its website. The product is available in online marketplaces like Amazon and Walmart, as well as in retail stores. In 2022, Yono Clip sold over 10,000 products.
The company’s valuation increased from $500,000 to a known amount in 2021. Yono Clip now sells its product for $19.99 on its website and Amazon.
The company’s net worth is unknown, but with the continued support of its investors, Yono Clip has the potential to become a very successful business.
What Is The Current Valuation Of Yono Clip?
The current valuation of Yono Clip is $400,000 to $450,000. The company was able to secure a deal with Daymond John on Shark Tank, who invested $150,000 for 15% to 30% of the company’s shares. The deal was finalized, and Yono Clip is still in business.
Yono Clip is a small company based in the United States that makes portable suction hangers to prevent the spread of germs in public spaces.
The product is known for its lightweight power and is a great item to keep on public property, even when traveling. The founders, Michael Green and Bob Mackey marketed the product well, resulting in good sales.
During the pandemic, the sales of Yono Clip have been very good, which has increased the company’s net worth and valuation.
However, the pandemic has also impacted the company’s production and shipping, resulting in delayed orders and a low rating on SharkTankShopper.com.
Overall, Yono Clip is still in business and has the potential to grow into a successful company with the continued support of its investors.
What Was The Outcome Of Yono Clip’s Deal With Daymond John?
Yono Clip, a product that helps keep earbuds in place, appeared on Shark Tank and received an offer from Daymond John for $150,000 for 30% equity in their company. The founders counter-offered with $150,000 for 20% equity but eventually agreed to Daymond’s original offer.
After the show, Yono Clip began selling the product for $19.99 on their website and Amazon, and sales increased. Daymond John helped the company with marketing and funding, and the company saw growth after the show.
However, the product did not receive good reviews, with only 1.33 stars out of 5 on Sharktankshopper.com. The company also had a disclaimer on its website that they were not responsible for any damages to property and that all orders were non-refundable.
Despite these issues, Yono Clip is still in business and doing well in sales and production around the country. The company has not provided any recent updates on its social media platforms, but it thanked Daymond for his help on its Facebook page.
What Is The Current Status Of Yono Clip’s Business?
Yono Clip is a portable suction hanger that was created to keep possessions from touching dirty surfaces. The product was designed to provide a simple and convenient way for people to avoid having to put their bags and other items on the floor.
Yono Clip appeared on Shark Tank seeking $150,000 for 15% of their business. Daymond John offered them a deal of $150,000 for 30% equity in the company, which they accepted.
Since appearing on Shark Tank, Yono Clip has experienced significant growth. The company has been featured in several major publications, including Forbes and Inc. In addition, Yono Clip was recently named one of the best new products by Time Magazine.
The company’s sales for two months were $14,500. As of October 2022, Yono Clip is still in business and its net worth and valuation have increased to $450,000.
However, it is unclear where their current sales stand. Their Instagram account does not have a lot of followers yet and their website has moved from a .com to a .net domain. It is also unclear whether the business is active as the URL connected to its Instagram is a dead link.
Nonetheless, Yono Clip has the potential to grow into a very successful business with the continued support of its investors.
Yono Clip Shark Tank summary:
| YONO CLIP | |
| Valuation on Shark Tank | $1 million |
| Valuation after Daymond John’s investment | $500,000 |
| Founders | Bob Mackey and Michael Green |
| Product | A suction cup device that can be attached to almost any surface and pulled out into a small hook that people can hang things on |
| Price | $19.99 |
| Investment on Shark Tank | $150,000 for 30% of the company |
| Competitors | Shower Rack Shoe Holder and DryDock Hanging Organizer |
| Current Status | Still operating as of December 2021 |
| Sales Channels | Amazon and the company’s website |
| Revenue Figures | Unavailable |
| Social Media Activity | The official Instagram account has less than 2,000 followers and hasn’t had any activity in about 6 months. |
| Updates | Yono Clip has been featured in several major publications, including Forbes and Inc. |
Note: Some information, such as the number of sales or net worth of the company, is not available.
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 a 15% stake in 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 of Shark Tank?
On Shark Tank, they were given a $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 a 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 the 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 email at yonoclip@yahoo.com
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.
