A transportable suction hanger was extra in Yono Clip Shark Tank Season 12 Episode 12. If we explain it in easy language, then simply through this product you can keep any bag at any place in a decent way.
The Yono Clip is an effective product to the extent of hesitation, it has got a lot of decent funding from Shark Tank as well. The founder has asked Shark Tank for $150,000 in exchange for 15% of his company’s shares.
Yono Clip Shark Tank Update [Yono Clip Net Worth 2023]
Therefore, we will know what has been achieved from Shark Tank Season 12 of Yono Clip and how this product can grow further. Now, in this pandemic time, numerous products have come into the market, so this can be a decent product.
What is Yono Clip?
YONO Clip is a United Base minor startup that manufactures portable suction hangers that are needed for an extensive range of applications.
If you travel or go somewhere, then you want to keep your bag without moving the germ, then you can do this with the support of this product. This product is the eventual solution that helps you to keep your belongings from bottom to top. If you have a bag and it has become very dirty, then you do not want to keep it on the floor of your house, then it has a Yono clip.
You can simply take this product with you to the office, home, or while roving and you will be able to hang your belongings in it. So, if you want to buy this clip then it comes in 3 colors Red, Black, and Pink, you can buy whatsoever you like.
Who Is The Founder Of Yono Clip?
Yono Clip is a problem-solving product, it might be needed a lot in the coming time. So, the founder of this unique idea is Michael Green and Bob Mackey, both of whom have full-grown this business.
Founder Mackey is an individual with digital knowledge and is the CEO of Boys & Girls Clubs, a North Central Georgia-based corporation. They have very decent knowledge about how you can grow a business. Michael Green is also a businessperson, he oversees production, and he also has very good knowledge about the product both of them have run this startup very well.
Yono Clip Before Shark Tank:
Yono Clips had become a product before coming to Shark Tank, they started getting very decent sales through social media and their website. Being a problem-solving product, it was very simple to market. Right now, its product is accessible in online marketplaces like Amazon, and Walmart as well as in all retail stores. Now, in 2022, so far, he has sold more than 10,000 products.
Yono Clip Get Deals in Shark Tank
The creator of Yono Clip has very well pitched his business idea to the shark with a great motivational story. Founders Michael Green and Bob Mackey asked for $150,000 in discussion for 15% of their company’s shares in Shark Tank.
If we talk about the sales of this Yono Clip product, then rendering to the founder, this company’s sales for 2 months were $ 14,500. The founders Michael Green and Bob McKay marketed this creation very well, due to which they got such decent sales in just 2 months.
The creator ran a Kickstarter campaign for his business, in which he got $10,000 in one day. Of the $14,500 he sold, $10K came from his Kickstarter. The rest of the $4K in this came through their website and GYM.
In 2021, the founders were engineering this product through 3D printing in their garage at home for 10 bucks and marketing it for $20. The founder said that he used to make 10-15 products every week as it is in its early stage. Now, according to Barbara Corcoran, this is a competition-filled industry and the creation that is needed is not so much, so it is out of this deal.
Mark Cuban says that this is not such a nice product in which it can be invested, so because of this, he is out of the deal. Kevin O’Leary said that he cannot invest in this profession as he is already an investor in an alike product Deskview.
Lori Greiner said that she is not sure that it is a really unique product and that its work is perfect, that’s why she cannot invest in it.
Daymond John liked the founder’s product. He said that there is still a lot of work to be done on this product. So, he will simply invest $150k but he needs 50% equity. After some talk, Daymond changes his offer of $150k for 30% equity. But the creator counter-offered the offer of $150k for 20% equity.
Now, in this, Kevin said that you have no idea about this business, it is a lot of challenges, and it is very difficult to scale it. Barbara Corcoran said that it is not a matter of money and qty, it needs a decent partner who can make this corporation grow. There is no unwillingness that Daymond is a faithful partner to you.
Before capitalizing on this business, Shark took info about the startup’s gross margin and its monthly income. After a lot of things came to light, Shark Daymond John’s offer to invest $150,000 in this startup clouded 30% of the company’s equity was confirmed.
Yono Clip Net Worth 2023
Yono Clip Net Worth 2023: Yono Clip after shark tank Deal – Very Useful. Yono Clip Net Worth is $400,000.
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Conclusion:
We have shared everything about Yono Clip After Shark Tank in this article “Yono Clip Net Worth 2023” for you if the info that we shared above helped you in any way then do share it with others.