Akeem Shannon created a phone case device that helps take smartphones to the next level. It acts as a kickstand and also allows the user to stick their phone to any surface. Will he stick a deal on
Shark Tank Flipstik Update
- Entrepreneur: Akeem Shannon
- Business: Stick your phone anywhere
- Ask: $100,000 for 20% equity
- Result: $100,000 for 20% equity
- Shark: Lori Greiner
Founder Akeem impressed the sharks on Season 12 Episode 4 with his self-written rap about his product, Flipstik. These phone case devices aim to defy gravity, and stick to almost any surface even after getting dirty.
To prove to the sharks how well Flipstik worked, Akeem dirtied the case in hair, sand, and spaghetti, then simply wiped it off and stuck it to a piece of glass.
However, despite his impressive pitch, things got sharky in the tank after Akeem began talking numbers.
Unfortunately, Flipstik only had $1,500 in sales in the last month, with just $115,000 in sales over the last 30 months. After some concerns were raised, Akeem shared that 60% of his sales came from retail outlets, which have been severely impacted due to the COVID-19 pandemic.
However, each case only cost $0.58 to manufacture and were selling anywhere from $15-30. This was enough to interest Lori Greiner and Kevin O’Leary.
While Kevin offered Akeem exactly what he asked for, Akeem wanted to hear Lori’s offer before accepting. This move caused Mr. Wonderful to lose his patience, and he pulled his offer.
Luckily for Akeem, Lori offered him $100,000 for 25% equity in Flipstik, and accepted the deal!
What happened after the tank? Keep reading our Flipstik update to find out!
We have great news to share in our Flipstik update! The company is still in business, and is estimated to be worth $5 million!
With many SKUs being sold both on Amazon and the Flipstik website, it seems Lori has helped Akeem grow his company. The various Flipstik products also have great reviews.
A quick look at the company website reveals that the products are especially popular with content creators. The device allows them to record themselves from just about anywhere from their phone, without fancy equipment.
We’d say things are looking great for Akeem and his company!
For updates on the other products featured on Season 12 Episode 4, check out the links below:
- Jada Spices Chicken Salt Update
- Surprise Cake Popping Cake Stand Update
- Mighty Carver Chainsaw Electric Knife Update
For even more
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Andrew Smith is the founder and owner of Shark Tank Recap. He is a longtime Shark Tank fan that has been watching it for years and has seen every episode multiple times. His friends know him as the Shark Tank expert, because he can answer any question about the show! His favorite Shark Tank products are Bertello's pizza oven and Bug Bite Thing!