Mike Cherkezian and Justin Barad have created a product that they say will revolutionize the way busy people interact with their smartphones. Will their technology earn them a deal on
Shark Tank Chubby Buttons Update
- Entrepreneurs: Mike Cherkezian and Justin Barad
- Business: Smartphone bluetooth device
- Ask: $250,000 for 8% equity
- Result: No deal
- Sharks: None
Mike and Justin brought their Chubby Buttons bluetooth device to
Chubby Buttons is designed for situations where you wear a lot of gear, such as skiing, motorcycling, or even flying a plane. Thanks to the large buttons, you won’t have to take off your gear to stop your music or answer a call.
Over the course of three years, Mike and Justin managed to generate over $1 million in revenue. In 2021 they sold $500,000 worth of Chubby Bouttons and in 2022 they sold $600,000.
In terms of the product’s margins, Chubby Buttons produces a single unit for around $13, and sells it at a price point of $79.99, operating with a margin that is greater than 80%.
While some of the sharks definitely seemed interested, Mark Cuban said that it wasn’t for him and dropped out without making an offer.
Eventually, all of the remaining sharks also dropped out, except for Kevin O’Leary. Kevin offered up the $250,000, but he wanted 10% equity and a $10 royalty per unit until he makes four times his initial investment.
Mike and Justin weren’t willing to budge because the royalty was too high, so they walked out without a deal. What became of their company after the show? Keep reading our Chubby Buttons update to find out!
We have good news to share in our Chubby Buttons update! The company is still in business after
Plus, as Mr. Wonderful pointed out, they should be able to drive down their customer acquisition cost by being on
You can get your own Chubby Buttons on the company website, as well as on Amazon.
Do you want to learn about the other companies featured in Season 14 Episode 17? Follow the links below for our other company updates from the episode.
For even more on companies and products, be sure to stop by our Season 14 Products Page!
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!