The fourth and final product that appeared on
Shark Tank Deskview Update
- Entrepreneurs: Jason Grohowski and Mike Bolos
- Business: Furniture Attachment
- Ask: $150,000 for 7.5% equity
- Result: $150,000 for 20% equity
- Sharks: Kevin O’Leary
Barbara Corcoran was definitely interested and wanted to hear about the company’s margins for the Deskview furniture attachment. The company manufactures a unit for about $80 and then sells the Deskview for about $250, depending on the exact variation. The problem for the sharks, however, was that the company had only sold 800 units since launch.
High end functionality and materials, DeskView is designed in Chicago using Aerospace Grade Aluminum Brackets and patented suction discs to ensure that every DeskView can stay mounted for days/months/years on a single install. DeskView's industrial-grade suction discs can hold up to 40 pounds and leave no marks.
With more than $100,000 in lifetime sales, the sharks began negotiating and deciding whether or not they were going to make an offer. Some of the sharks weren’t interested and Lori Greiner wasn’t happy with the product’s price point. She wanted it to be much cheaper to manufacture and bring the price point down as well. With that being said to the two entrepreneurs, Lori decided to make an offer of $150,000 for 33.3% equity. Kevin O’Leary also decided to make an offer of $150,000 for 20% equity.
Jason and Mike ultimately decided to accept Kevin’s offer of $150,000 for 20% equity. In our Deskview update research, we found that the deal with Kevin did finalize after the episode aired and the money was used to develop a couple of additional variations and new products.
While the COVID pandemic harmed the company’s sales temporarily, Deskview did manage to generate about $2 million in sales during the 2021 calendar year and still has an active website. So, it looks like things are headed in the right direction for Deskview after
You can find the other company updates from Season 10 Episode 22 here:
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