ZipString Shark Tank Net Worth-What Happen To ZipString The Shark Tank Pitch?
What Is A ZipString? Who Is The Founder Of ZipString?
A ZipString is a mesmerizing toy that floats a seemingly standard loop of string in the air. It carefully balances several forces of gravity, lift, tension, and drag to fly the string in the air.
It is designed to be compact and rechargeable via USB, and it can be used to perform tricks and stunts. The ZipString has become popular on social media platforms with over 200 million views, and it has been featured on Shark Tank.
ZipString was founded by Stephen Fazio and Austin Hillam, who were both 22 years old when they launched their invention a little over a year ago. According to their official website, ZipString is one of Austin and Stephen’s basement innovations that became a global phenomenon.
Fazio was attending Georgia Tech when he came up with the first prototype for ZipString, which he called the “string shooter” device. In the winter of 2021, his device won the advanced category in the 2021 Georgia Tech Printed Circuit Board (PCB) Competition.
ZipString went viral as founders Stephen Fazio and Austin Hillam shared their invention with the world.
During the height of the invention phase, Stephen and Austin along with Austin’s father Mark set up shop in the basement of the Hillam family home where they worked on ZipString.
The product was pitched on Shark Tank, and both Kevin and Robert invested in this business so that it can reach all American homes.
What Happen To ZipString At The Shark Tank Pitch?
ZipString was featured on Shark Tank Season 14, and both Kevin O’Leary and Robert Herjavec invested in the business. The founders, Stephen Fazio and Austin Hillam, asked for $100k for a 10% equity.
The product is a toy that allows users to operate a device that moves a string around safely at 35 miles per hour. After the episode aired, ZipString became popular on social media platforms, and within minutes of airing, they sold out of their product.
The Sharks loved the product and Kevin and Robert invested in it, allowing it to reach all American homes. The details of the deal are that both Kevin O’Leary and Robert Herjavec invested $100k in ZipString for 20% equity.
After the episode aired, ZipString had over 100,000 visitors to their website and sold out of product within minutes. ZipString is still in business today, having launched in 2021 and becoming popular on social media platforms shortly after.
What Happen To ZipString After The Shark Tank Pitch?
ZipString is a toy that allows users to operate a device that moves a string around safely at 35 miles per hour. The product was created by Stephen Fazio and Austin Hillam, who pitched it on Shark Tank in December 2022.
During the pitch, they asked for $100k for a 10% equity and received investments from both Kevin and Robert. After the show, ZipString became popular on social media platforms, with one video surpassing 20 million views.
As of March 2023, ZipString is still in business and has sold thousands of pieces across more than 50 nations. However, according to an update on Shark Tank Recap, they had only sold 10,000 units at an average of $25 per unit.
Despite this, the founders are determined to continue pushing the pedal to reach the next milestone. The renowned Dude Perfect team even did tricks with ZipString on stage throughout their Nationwide 2021 tour.
In conclusion, ZipString is still in business as of March 2023. Although it has not yet reached its full potential in terms of sales volume, it has gained popularity through social media platforms and collaborations with other brands.
ZipString Shark Tank Net Worth
As of Dec 2022, ZipString has a net worth of around $500,000 USD. ZipString is a toy that makes strings fly in the air. It was pitched on Shark Tank Season 14 Episode 9 by Austin Hillam and Stephen Fazio, who asked for $100,000 for a 10% equity at a $1 million valuation.
Both Kevin O’Leary and Robert Herjavec invested in the business, with ZipString’s value becoming $500k after getting the investment.
Since appearing on Shark Tank, ZipString has experienced tremendous growth and success. They have secured additional funding and partnerships. Childhood pals Adam Chaudry and Josh Conway are the founders of ZipString and have a net worth of $500,000 USD as of 2023.
Is ZipString Still In Business?
Yes, ZipString is still in business as of February 2023 and is being shipped to more than 50 countries. The company operates in Johns Creek, Georgia, United States and employs 3 to 10 employees.
Founders Stephen Fazio and Austin Hillam pitched the product on Shark Tank and got a deal with Kevin O’Leary and Robert Herjavec. As of 2023, ZipString is worth an estimated $1 million.
Despite going viral online, it only has three reviews with an average rating of three stars on Amazon. The toy sells for $24.99 and is available to buy on Amazon and their website, ZipsString.com.
