Chomp Shop Update | Shark Tank Season 16
Kids love working with cardboard to express their creativity, but existing tools like scissors and box cutters are either ineffective or unsafe. This challenge inspired Max Liechty and Kausi Raman to develop the ChompSaw, a kid-safe power tool designed for cutting cardboard and building 3D models with ease. Will their innovation win the interest of any of the sharks? Read our Chomp Shop update and pitch recap to find out.
If you’re short on time, here’s a quick overview of what happened to Chomp Shop after
Max and Kausi pitched ChompSaw in
In terms of a Chomp Shop update, shortly after its episode was filmed, the company initiated the fulfillment of its Kickstarter orders, shipping 4,000 bundles as of October 2024.
| Shark | Result |
| Mark Cuban and Lori Greiner | Accepted offer of $250,000 for 15% equity |
| Kevin O’Leary | $250,000 for 20% equity |
| Barbara Corcoran | $250,000 for 20% equity |
| Rashaun Williams | No offer |
Shark Tank Chomp Shop Pitch
- Entrepreneurs: Max Liechty and Kausi Raman
- Business: Creative Kid-Safe ToolingÂ
- Ask: $250,000 for 5% equity
- Result: $250,000 for 15% equity
- Sharks: Mark Cuban and Lori Greiner
Max and Kausi stepped into
They aim to disrupt the kids’ hands-on learning space by using the ChompSaw, a kid-safe power tool for cutting cardboard.
They need the investment to scale production and launch a subscription service for STEM-inspired cardboard projects.
ChompSaw is a kid-safe power tool designed to help children cut cardboard and build creative projects.
The product uses a rapid hole-punching mechanism that safely cuts cardboard without posing any risk, even if touched directly.
The company operates on a direct-to-consumer model and sells its products online.
It costs $73.81 to manufacture, and it is sold for $230.
In terms of sales, Kausi revealed that in October 2023, they ran a Kickstarter campaign and raised $1,175,102. Since then, they have raised an additional $1 million.
Although the company has not yet delivered the product to customers, it has already secured pre-orders for 10,000 units, generating $2.1 million in sales within less than a year of launching.
Max said they plan to deliver the pre-order products within the next couple of months, as manufacturing in China is nearing completion.
Kausi shared that they raised $5,000 from a family member through a Simple Agreement for Future Equity (SAFE).
Kevin O’Leary makes them an offer of $250,000 for 20% equity.
Meanwhile, guest shark Rashaun Williams believed it was too early to invest in the company, so he went out.
Barbara Corcoran matched Kevin’s offer of $250,000 for 20% equity.
Mark Cuban enters the bidding war with $250,000 for 15% equity.
Lori Greiner immediately proposed teaming up with Mark Cuban, suggesting they split the 15% equity evenly at 7.5% each if Max and Kausi agreed to the terms.
Without hesitation, the entrepreneurs accepted Mark and Lori’s offer of $250,000 for 15% equity, leaving the show with a deal.
Keep reading our Chomp Shop update to find out what happened to Max and Kausi after the show.
Shark Tank Chomp Shop Update
Our Chomp Shop update found that the company has commenced shipping its products to early supporters.
As of October 2024, they began fulfilling orders from their Kickstarter campaign, dispatching 4,000 Kickstarter Bundles, each comprising a ChompSaw, hole punch, and scoring tool.
Chomp Shop plans to ship an additional 8,000 units, set to arrive on November 23rd and 27th. This aims to fulfill remaining Kickstarter and pre-order commitments.
Furthermore, Chomp Shop uses its Instagram page to actively engage with the community by sharing updates, product demonstrations, and user-generated content.
Our research on the Chomp Shop update found that the company is committed to delivering all pre-orders by early December 2024.
Further, they are also preparing for increased demand during the holiday season.
We can’t wait for more exciting news in our next Chomp Shop update.
For more updates from
Before you go, be sure to check out our list of all the Shark Tank Season 16 products.
Marvin Uzor
Marvin Uzor is a content contributor for Shark Tank Recap. He specializes in crafting engaging, well-researched content that delve into the latest Shark Tank stories, keeping readers hooked. He has a soft spot for his favorite Shark Tank companies, Bombas and Doorbot, known for their innovation and impact.