Yono Clip Shark Tank Update | What Happened to Yono Clip after Shark Tank?
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.
Yono is an abbreviation for “you only need one,” and with this product, that perfectly adheres to a surface.
The clip, which comes in a variety of colors, adheres to practically any surface using a DURAFLEX® suction cup. The clip has a strong hook that can hold up to 15 pounds for your bags and coats.
Michael Green and Bob Mackey, the creators of the Yono Clip, are still alive and well. Mackey formerly served as CEO of the Boys & Girls Clubs of North Central Georgia.
Green, on the other hand, was well-known for presenting science talks in a variety of settings. Green is still an active entrepreneur, now serving as the president of Science is for Everyone.
Who is the founder of Yono Clip?
Michael Green and Bob Mackey, the founders of the Yono Clip, are still active. Mackey was the CEO of the North Central Georgia Boys & Girls Clubs.
Green, on the other hand, was well-known for giving scientific talks at numerous locales. Green is still an active entrepreneur, now serving as the president of Science is for Everyone.
One night at the gym, Mackey had an idea for a product. People were leaving their gym bags and coats on the floor, he saw.
Bob realized it was a fantastic method to transfer all those germs onto your backpack or jacket, so he rapidly drew the product concept and enlisted the support of pals.
Michael Green took the call. Green is also known as “Michael Green the Scientific Machine” because of his long-running science demonstrations at Six Flags Georgia, The Steve Harvey Foundation, The Atlanta Braves, and other venues.
The product itself is quite straightforward. It has a DURAFLEX® suction cup for increased sticking force. It contains a carabineer clasp and a retractable hook.
It can hold roughly 15 pounds when suctioned to a solid surface. Each clip is biodegradable, sustainable, renewable, and carbon neutral, with recycled paper packaging.
They are $19.99 and are available in blue, green, pink, black, white, and red. They are also produced in the United States.
Back in July of 2020, in the midst of the Covid 19 outbreak, the men launched a successful Kickstarter campaign that raised $9,857.
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.
What Happened to Yono Clip after Shark Tank?
The deal with Daymond is currently undergoing due diligence after they obtained a deal during the pitch. On February 23, 2021, Bob and Michael posted the following on their Facebook page: “Happy birthday, Daymond John!” Thank you so much for everything you’ve done for us. #ItsTimeToYono.”
As of December 2021, the firm was still in operation and products are available for purchase on Amazon and the company’s website.
Who are the Competitors of Yono Clip?
The Yono Clip is a unique innovation, with its hook and hook-and-loop holding option. The similar items are Shower Rack Shoe Holder and 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.