Banana Phone appeared during the second episode of
Shark Tank Banana Phone Update
- Entrepreneurs: Brian Brunsing, Max Brown, and Charlie Katrycz
- Business: Bluetooth phone shaped like a banana
- Ask: $250,000 for 10% equity
- Result: No deal
- Sharks: None
Banana Phone is a bluetooth device that is designed to look just like a banana. The playful and creative technological idea works with genuine smartphones and can allow for conversations to take place. The device uses bluetooth technology in order for audio to be sent and received.
Elegant, tall, slim, sleek, simply... beautiful. The Banana Phone is the world's most attractive fruit phone. Dazzle your next gift recipient with this funny, sexy, cell phone accessory.
While the product is more of a novelty gift than an actual technological device that would be used seriously, some of the sharks seemed interested. The device was compatible with any smartphone or tablet that supported bluetooth technology. With a wide range of compatibility options and uses, these entrepreneurs believed that there was a demand for this type of product.
The product is currently available on Amazon at a price point of $40 dollars. While the margins for producing this product were fairly impressive, most of the company’s financial success came from a crowdfunding campaign in 2017. About $40,000 dollars was raised through crowdfunding.
After considering their options, all of the sharks decided to drop out of the negotiations without making an offer. The sharks couldn’t find a way to feasibly make their money back in a reasonable amount of time. Now that we know why Banana Phone left Season 14 of
The Banana Phone business is still alive and well. It won’t be surprising if their Amazon store page receives a large number of sales in the days immediately following the airing of the episode.
The future seems bright for Banana Phone, but they need to find a way to convince more people to buy it for their smartphones or tablets if they want to scale the business even more.
It’ll be interesting to see what our next Banana Phone update has in store!
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Jeremy is a regular contributor at Shark Tank recap. He has a ton of passion for the show and enjoys researching information about what all the companies are up to now. His favorite Shark Tank companies are The Cookie Dough Cafe and Kronos Golf!