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.
Table: ZipString Shark Tank Summary
INFORMATION | DETAILS |
Product name | ZipString |
Product description | A toy that allows users to operate a device that moves a string around safely at 35 miles per hour |
Founder | Stephen Fazio and Austin Hillam |
ZipString invention | Started as a basement innovation of Austin and Stephen, became popular on social media with over 200 million views |
ZipString on Shark Tank | Pitched on Season 14 Episode 9, received $100,000 for 20% equity from Kevin O’Leary and Robert Herjavec |
ZipString net worth | $500,000 USD as of December 2022, estimated $1 million in 2023 |
ZipString status | Still in business as of February 2023, selling the product on Amazon and their website |
ZipString sales | Sold over 10,000 units at an average of $25 per unit as of March 2023 |
ZipString reviews | Has three reviews with an average rating of three stars on Amazon |
ZipString partnerships | Secured additional funding and partnerships, collaborated with Dude Perfect team on their Nationwide 2021 tour |
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.
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After the episode aired, ZipString had over 100,000 visitors to their website and sold out of products 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.
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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.
ZipString Shark Tank Updates
ZipString is a toy that allows users to operate a device that moves a string around safely at 35 miles per hour. Stephen Fazio and Austin Hillam appeared on Shark Tank Season 14 Episode 9 to pitch ZipString and asked the sharks for $100,000 for a 10% equity at a $1 Million Valuation.
They told the sharks that ZipString had gone viral with tens of millions of views, but unfortunately, they had only sold 10,000 units at an average of $25 per unit. Eventually, Kevin and Robert decided to team up and offer $100,000 for 20%. Austin and Stephen quickly accepted the offer.
ZipString has already sold thousands of pieces across 50+ nations and has gone viral, with one single video surpassing 20 million views. The toy is rechargeable and safe to touch, allowing for unlimited tricks to be created and played with.
The airing of the episode just before Christmas should help with short-term sales. The Zip String toy will undoubtedly be a great gift for kids during any holiday season.
As of 2023, ZipString is still in business and available for purchase at $24.99. The company is still operated out of Hillam’s basement in Johns Creek, Georgia.
How Does Zipstring Shark Tank Work?
ZipString is a toy rope launcher that rapidly propels a loop of string through the air. The device carefully balances several forces of gravity, lift, tension, and drag to fly the string in the air.
The patent-pending ZipString balances four forces of gravity, drag, momentum, and lift to actually fly the string in the air. The built-in battery is recharged by a USB cord. Beginners start with a smaller loop and graduate to larger ones.
ZipString was pitched on Shark Tank in episode 1409 by Stephen Fazio and Austin Hillam. The entrepreneurs asked for $100,000 for 10% equity in their business.
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ZipString had gone viral with tens of millions of views, but they had only sold 10,000 units at an average of $25 per unit. Robert Herjavec and Kevin O’Leary offered $100,000 for 20% equity, which the entrepreneurs accepted.
ZipString is a fun and unique toy that allows users to operate a device that moves a string around safely at 35 miles per hour. It is a great gift for kids during any holiday season.
What Is The Cost Of The Zipstring Toy?
The cost of the ZipString toy is $29.99. The toy comes with three different sizes of string loops for varying degrees of difficulty, a USB charging cable, an instruction guide, and a QR code to a trick library.
The ZipString toy is made with a lightweight string made of ultra-light fibers that can reach speeds up to 200 miles per hour.
The patent-pending ZipString carefully balances several forces of gravity, lift, tension, and drag to fly the string in the air. Any movement that a Zipster (a user of a ZipString) does, the string follows.
The ZipString toy was invented by Stephen Fazio and Austin Hillam, who met over dinner with some missionaries and their bishop during a break from their respective colleges.
The toy was featured on Shark Tank in February 2022 and is now available for sale on their website. The ZipString toy comes in five colors and costs $24.99 each.
How Has Zipstring Since Appeared On Shark Tank?
ZipString is a toy that uses different forces to defy gravity and work like magic. It was created by Stephen Fazio and Austin Hillam, who pitched the product on Shark Tank in Season 14 Episode 9. They asked the sharks for $100,000 for a 10% equity at a $1 million valuation.
Kevin O’Leary and Robert Herjavec invested $100,000 for 20% equity. Since appearing on Shark Tank, ZipString has experienced tremendous growth and success.
ZipString made a lot of noise on social media when it launched and has got more than 200 million views on social media. Dude Perfect also featured the device on their tour, which helped the company get a massive head start.
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Because of this, Stephen and Austin raised a successful Kickstarter campaign in 2021, surpassing their initial goal of $75,000 and raising over $90,000 from around 1,600 backers.
As of 2023, ZipString is worth an estimated $500,000. It is still in business and the toy is still selling for $24.99 via the website in a variety of different colors. The team is still based out of Johns Creek, Georgia, working hard in the lab.
Although ZipString went viral online, they had only sold 10,000 units at an average of $25 per unit. The ZipString toy will undoubtedly be a great gift for kids during any holiday season, and the airing of the episode just before Christmas should help with short-term sales.
What Is The Current Valuation Of Zipstring After Shark Tank?
ZipString is a toy that makes strings fly in the air, and 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.
Kevin O’Leary and Robert Herjavec invested in the company, and after getting the investment, the ZipString value became $500k. As of Dec 2022, ZipString has a net worth of around $500,000.
ZipString has experienced tremendous growth and success since appearing on Shark Tank. It was a popular product in 2021, and it got more than 200 million views on social media. Dude Perfect also featured the device on their tour, which helped the company get a massive head start.
Stephen and Austin raised a successful Kickstarter campaign in 2021, which reportedly raised an incredible $90,466 by October 2021, allowing them to officially establish the patent-pending ZipString for the world right in a pandemic, thanks to family, friends, and followers.
As of March 2023, ZipString is still in business and has sold thousands of pieces across more than 50 nations. It is available for purchase on the company’s official website or Amazon for $24.99.
Although ZipString has already sold thousands of pieces across 50+ nations and has gone viral, with one single video surpassing 20 million views, Stephen and Austin still proudly run the firm out of the basement.