‘Tenikle’ Tentacle Phone Holder came to Shark tank with high hopes to get their kickstarter on track in Season 13 episode 9. The episode was aired on December 17, 2021. We will provide out the most recent Shark Tank Tenikle update in this article. Tell you in-depth information on Captain Ice Cream’s journey both on and off the program. Furthermore, we’ll discuss the following:
- What is Tenikle?
- Who founded Tenikle?
- Tenikle on Shark Tank Pitch
- Tenikle after Shark Tank
- What is Tenikle net worth?
Let’s dive into the article to know what Happened To Tenikle After Shark Tank.
An Overview of Tenikle 👩 💻
|Episode||Season 13 Episode 9|
|Investment Seeking||$200,000 for 10% equity|
|Deal||$200,000 for 30% equity|
What is Tenikle?
Tenikle is a versatile phone/camera holder with a 360-degree suction cup that delivers an improved substitute for unsteady tripods. The Tenikle’s flexibility and bendability also allow it to be wrapped around rods, tree branches, sports equipment, etc. to provide a solid base of support.
Additionally, although smartphones, cameras and go-pros may be affixed to the gadget using the suction cups, it also has a convenient phone clip.
Who founded Tenikle?
Hans Dose, a creative genius from California, and his now-wife Lydia Dose collaborated to create Tenikle in 2017. The ability to think beyond the box is nothing new for Hans. Prior joining Tenikle, he served as Creative Director at Hurley, one of the biggest clothing companies in the sports sector.
Hurley was drawn to the fashion show ideas Hans made in high school, which led to Hans receiving his big break. In 2009, he began working for the firm as an intern. He ascended the ranks steadily until leaving the company in 2018 to work full-time for Tenikle.
Tenikle on Shark Tank Pitch
Shark Tank episode 1311 has Hans Dose introducing Tenikle which is a tripod to mount cameras and smartphones. He seeks the help of Sharks to provide him with funds and aid him in resolving the production and delivery challenges that his business brought forth. Hans was wearing a Swim fins and an plastic octopus around his waist.
He was seeking for a wooping $200,000 for his 2 million dollars business at 10% equity. He expresses his passion of octopi and explains how he came up with the notion. He explains all of its characteristics and demonstrates how the suction cups may be used to help elevate a surfboard. Mark presents himself as having fun.
The production cost is $6.08 per unit, while the retail price is $45. Selling about 40,000 pieces brought in $1.3 million for him. In 2015, while pursuing his dream career as a designer at Hurley, he wrote the patent for Tenikle.
He tells the Sharks about his Kickstarter project. In use right now is the fourth iteration. To get better suction, he had to redesign the device. He has racked up a $270,000 debt to get to this stage. His sales for 2020 were $478,000.
He has merchandise with a cost of $111,000 in it for financial reasons, he along with his wife lived into an RV. The worst case scenario is that Mark says he sells at flea markets. Hans admits that the amount in his bank account is merely $39.
Kevin wishes Hans well and leaves without criticizing the goods or Hans. Although Lori believes it is a fantastic product, the market is crowded, so she decided against selling itIn exchange for Hans acquiring other partners, Robert pledges to wipe off the $270,000 debt then offer him an additional $100,000 in exchange for 60% of the company’s shares.
Daymond acknowledges Hans’ plight and shares a personal anecdote about how he first obtained money.
Daymond, who has faith in Hans, offers $200,000 for 33.3 percent of the company’s stock shares before lowering his price to $200,000 for 30 percent. That is a better offer, in Mark’s opinion, than he would offer, so he declined.
Hans continues, turning to face Robert, He walks out. The Sharks started laughing. Daymond rejects Hans’ offer of $200,000 for 25% of the equity shares. The presentation ends with a contract when Hans agrees to a payment of $200,000 from Daymond in exchange for 30% of the company.
Tenikle after Shark Tank
Tenikle skyrocketed following Shark Tank. Before the show was completed broadcasting, it sold out its stock. In addition, shortly after the episode aired, their tripod rose to the top of the sales list on Amazon owing to their Shark Tank participation.
Overall sales went through the sky. within 4 months of presenting in the Shark Tank, the firm recorded $375,000 in revenue.
Tenikle has since improved its tripod by including an extendable fourth arm called the Tenikle 360. The additional fourth arm of Tenikle 360 can spin 360 degrees, providing unmatched versatility and security.
The phone mounts with octopus designs are still popular in 2022. On a daily basis, the brand posts images and videos on its Facebook page showing how valuable the Tenikle is for travelers.
Additionally, Tenikle has been producing frequent, brief movies showcasing the product’s usefulness and adaptability. The films demonstrate how the Tenikle attaches to diverse surfaces quickly and firmly.
What is Tenikle net worth?
Tenikle’s current market value is believed to be $1.3 million on the basis of the evaluation of the company in 2022 . Due to travel limitations, one can speculate that Tenikle’s sales may suffer during the epidemic. However, The Tenikle holder is not just a gear required for travels so it didnt suffer much.
The number of content producers kept growing as more people started pursuing their creative passions throughout the pandemic. This shows that more people are realizing the value of a reliable tripod that can be adjusted to fit their needs for securing their camera for the ideal photo.
As a result, Tenikle’s products are in more demand, which is encouraging for the company’s long-term success.
When discussing the current state of affairs, Tenikle’s rivals were those that produced customisable tripods. Due to the fact that they hold the product’s patent, there is no best-fitting alternative in the market.