What is Chomp Shop? Chomp Shop is a company founded in 2022 by Max Liechty and Kausi Raman. They created the ChompSaw, a kid-safe power tool designed for easily cutting cardboard to create 3D models. It addresses the need for a safe and effective alternative to scissors or box cutters for children’s crafting projects.
Summary
- Chomp Shop, founded by Max Liechty and Kausi Raman, appeared on Shark Tank Season 16 seeking $250,000 for 5% equity.
- They showcased their product, the ChompSaw, a kid-safe power tool for cutting cardboard.
- They secured a deal with Mark Cuban and Lori Greiner for $250,000 for 15% equity.
- As of October 2024, Chomp Shop has started fulfilling Kickstarter orders and shipped 4,000 units.
- The company is active on social media and is committed to fulfilling all pre-orders by early December 2024.
Chomp Shop Shark Tank Update | Shark Tank Season 16
Kids are natural creators. They love to build and explore using simple materials like cardboard. But traditional tools like scissors and box cutters can be risky for young hands.
This is where Chomp Shop saw an opportunity. They recognized the need for a safe and effective tool that would empower kids to bring their cardboard creations to life.
Chomp Shop and the ChompSaw
Chomp Shop is the brainchild of Max Liechty and Kausi Raman. Their flagship product, the ChompSaw, is a revolutionary power tool designed specifically for cutting cardboard.
It’s engineered with safety in mind, allowing kids to cut with confidence while minimizing the risk of injuries.
This innovative tool opens up a world of possibilities for creative projects, from building forts and castles to designing intricate 3D models.
Chomp Shop on Shark Tank
1. The Pitch
| Entrepreneurs | Max Liechty and Kausi Raman |
|---|---|
| Business | Chomp Shop – Creative Kid-Safe Tooling |
| Ask | $250,000 for 5% equity |
| Deal | $250,000 for 15% equity |
| Sharks | Mark Cuban and Lori Greiner |
| Season – Episode | Season 16, Episode 5 |
| Original Air Date | November 15th, 2024 |
| Website | Chomp Shop |
| Key Points of Pitch |
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| Why Sharks Accepted |
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2. Product Demonstration and Features
During their Shark Tank appearance, Max and Kausi showcased the ChompSaw’s unique features.
They demonstrated how its rapid hole-punching mechanism effortlessly cuts through cardboard while remaining safe to the touch.
This captivated the Sharks, who were impressed by the product’s ingenuity and safety considerations.
3. Sales and Financial Projections
Chomp Shop entered the Tank with a strong financial track record.
They highlighted their successful Kickstarter campaign, which raised over $1 million, and revealed they had already secured over $2 million in sales through pre-orders.
This demonstrated the significant demand for their product and its potential for future growth.
4. Offers from the Sharks
The Sharks were clearly interested in Chomp Shop, leading to a bidding war.
- Kevin O’Leary’s Offer: Kevin O’Leary, known for his sharp business acumen, offered $250,000 for 20% equity.
- Barbara Corcoran’s Offer: Barbara Corcoran, recognizing the product’s potential in the children’s market, matched Kevin’s offer of $250,000 for 20% equity.
- Mark Cuban and Lori Greiner’s Joint Offer: Mark Cuban, intrigued by the innovation, offered $250,000 for 15% equity. Lori Greiner, seeing the product’s potential for widespread appeal, quickly joined Mark, proposing they split the 15% equity.
5. The Final Deal
Max and Kausi, excited by the prospect of partnering with two experienced Sharks, accepted Mark and Lori’s offer of $250,000 for 15% equity.
This strategic partnership provided Chomp Shop with valuable expertise and resources to further scale their business.
Chomp Shop Update After Shark Tank
1. Fulfilling Kickstarter Orders
Chomp Shop wasted no time after their Shark Tank appearance. They quickly began fulfilling orders from their Kickstarter campaign, a testament to their commitment to their early supporters.
As of October 2024, they had already shipped 4,000 Kickstarter Bundles, each containing a ChompSaw, a hole punch, and a scoring tool.
This marked a significant milestone in their journey, demonstrating their ability to deliver on their promises.
2. Shipping Updates and Timelines
Chomp Shop has been transparent about their shipping process, keeping customers informed about delivery timelines.
They announced plans to ship an additional 8,000 units by late November 2024 to fulfill the remaining Kickstarter and pre-orders.
This proactive communication helps manage customer expectations and builds trust.
3. Social Media Engagement and Community Building
Chomp Shop understands the importance of connecting with their audience. They actively engage with their community on social media platforms like Instagram.
They share product updates, demonstrate creative uses for the ChompSaw, and feature user-generated content.
This fosters a sense of community and encourages creative expression among their customers.
4. Holiday Season Demand and Preparations
With the holiday season approaching, Chomp Shop is gearing up for increased demand.
They are committed to fulfilling all pre-orders by early December 2024, ensuring that customers receive their ChompSaws in time for the holidays.
This proactive approach to managing holiday demand demonstrates their dedication to customer satisfaction.
Chomp Shop’s Future Plans
Chomp Shop has ambitious goals beyond fulfilling their current orders. They are looking ahead to expand their impact and reach even more young creators.
1. Product Development Roadmap
Chomp Shop isn’t stopping with just the ChompSaw. They have exciting plans for new tools and accessories to enhance the creative experience.
Imagine specialized blades for different cutting patterns, or add-ons that allow kids to engrave or decorate their cardboard creations.
These innovations will further unlock children’s imaginations and expand the possibilities of cardboard construction.
2. Expanding into Educational Markets
Chomp Shop recognizes the educational value of their products. They aim to bring the ChompSaw into classrooms and STEM programs, providing a safe and engaging way for students to learn and explore.
Imagine students building intricate models to illustrate scientific concepts or designing structures to understand engineering principles.
The ChompSaw can become an invaluable tool for hands-on learning and sparking a passion for STEM subjects.
3. Retail Partnerships and Distribution
To make the ChompSaw more accessible, Chomp Shop is exploring retail partnerships. This means you might soon find their products in major stores alongside other toys and creative tools.
This wider distribution will allow more families to discover the joy of building with Chomp Shop, making it easier than ever to bring home the magic of cardboard creation.
The Impact of ChompSaw
Chomp Shop is more than just a toy company. They are fostering creativity and learning in children in a unique and engaging way.
1. Fostering Creativity in Children
The ChompSaw empowers kids to turn their imaginative ideas into reality. With a safe and easy-to-use tool at their fingertips, children can design and build elaborate structures, vehicles, and characters out of cardboard.
This hands-on experience nurtures their creativity, problem-solving skills, and spatial reasoning. It allows them to experiment, take risks, and express themselves without the limitations of traditional tools.
2. Encouraging STEM Learning Through Play
Building with the ChompSaw goes beyond arts and crafts. It introduces children to basic engineering and design principles in a fun and accessible way.
As they plan their creations, measure and cut cardboard, and assemble their structures, they develop a foundational understanding of concepts like stability, balance, and geometry.
This playful exploration of STEM subjects can spark a lifelong interest in these fields.
3. Testimonials from Parents and Educators
Parents and educators have praised the ChompSaw for its positive impact on children. Parents appreciate the safe and engaging way it keeps their kids entertained for hours, while educators see its potential as a valuable learning tool in classrooms.
Here’s what some of them have to say:
“My son used to be afraid of using scissors, but with the ChompSaw, he’s confidently creating amazing things!” – Parent of a 6-year-old
“The ChompSaw has transformed our classroom into a maker space. The students are so engaged and excited to learn with it.” – Elementary School Teacher
“This tool has helped my daughter develop her fine motor skills and problem-solving abilities. It’s a fantastic investment in her future.” – Parent of an 8-year-old
These testimonials highlight the ChompSaw’s ability to foster creativity, encourage learning, and inspire confidence in children.
How to Purchase ChompSaw
Ready to unleash your child’s creativity with the ChompSaw? Here’s how you can get your hands on one:
1. Website and Online Ordering
The easiest way to purchase a ChompSaw is through the official Chomp Shop website. You can browse their products, learn more about the tool, and place your order securely online.
They offer direct shipping to your doorstep, making it convenient to get your ChompSaw delivered right to your home.
2. Potential Retail Availability
Chomp Shop is actively working on expanding its retail presence. Keep an eye out for their products in major toy stores and retailers in the near future.
This will provide another convenient option for purchasing a ChompSaw, allowing you to see the product in person before you buy.
3. Pricing and Bundles
Chomp Shop offers different pricing options and bundles to suit your needs.
You can purchase the ChompSaw individually or opt for a bundle that includes additional accessories like the hole punch and scoring tool.
Check their website for the latest pricing and available bundles.
About the Founders
The ChompSaw is the result of the passion and ingenuity of its founders, Max Liechty and Kausi Raman.
1. Max Liechty’s Background
Max Liechty brings a background in product design and engineering to Chomp Shop.
His experience in developing innovative and user-friendly products has been instrumental in creating the ChompSaw.
2. Kausi Raman’s Background
Kausi Raman complements Max’s skills with her expertise in business and marketing.
Her strategic vision and understanding of the market have been crucial in bringing the ChompSaw to a wider audience.
3. Their Vision for Chomp Shop
Max and Kausi share a common vision for Chomp Shop: to empower children through creative play and hands-on learning.
They believe in the power of imagination and the importance of providing kids with the tools they need to bring their ideas to life.
Their dedication to safety, innovation, and education is evident in every aspect of Chomp Shop.
The Future Looks Bright for Chomp Shop
Chomp Shop’s journey is just beginning. With a successful Shark Tank appearance, growing sales, and a dedicated team, they are well-positioned for continued success.
Their commitment to innovation, safety, and education suggests a bright future for this company.
We can expect to see more exciting products, wider availability, and an even greater impact on children’s creativity and learning in the years to come.
FAQs
Is ChompSaw safe for all ages?
Chomp Shop is designed with safety in mind, but it’s important to supervise younger children while they use it. The recommended age range is typically 6 years and up, but parental guidance is always advised.
What materials can ChompSaw cut?
ChompSaw is specifically designed for cutting cardboard. It’s not intended for use with other materials like wood, plastic, or metal.
What is the warranty on ChompSaw?
Chomp Shop offers a warranty on their products. Check their website or product packaging for details about the warranty coverage and duration.
Where is Chomp Shop based?
Chomp Shop is headquartered in Philadelphia, Pennsylvania, in the United States.
The Bottom Line
Chomp Shop is a company that’s making a real difference in the lives of children. Their innovative ChompSaw provides a safe and engaging way for kids to explore their creativity and learn through play.
With a strong commitment to quality, safety, and customer satisfaction, Chomp Shop is a brand that parents and educators can trust. If you’re looking for a way to spark your child’s imagination and encourage their love of learning, the ChompSaw is a fantastic investment.
