What happened to Flipstik after its appearance on Shark Tank Season 12? Flipstik secured a deal with Lori Greiner on Shark Tank and has seen significant growth since. The company has expanded its product line, secured additional funding, and increased its sales through various channels, including Amazon and retail partnerships. Akeem Shannon, the founder, has also been recognized for his entrepreneurial achievements.
Summary
- Flipstik successfully secured a deal with Lori Greiner on Shark Tank Season 12
- The company has expanded its product line beyond the original phone grip
- Flipstik has secured additional funding to fuel its growth
- Sales have increased through online platforms like Amazon and retail partnerships
- Founder Akeem Shannon has received recognition for his entrepreneurial success
Flipstik Shark Tank Update | Shark Tank Season 12
What is Flipstik?
Flipstik is a revolutionary phone accessory that lets users attach their phones securely to nearly any flat surface.
It’s designed to be ultra-thin and lightweight, yet powerful enough to hold your phone in place even when you’re on the move.
Flipstik uses a patented synthetic gecko adhesive that sticks to various surfaces, including glass, metal, tile, and even car dashboards.
With Flipstik, you can take hands-free selfies, watch videos, follow recipes, or join video calls without having to prop up your phone.
The Shark Tank Pitch
| Entrepreneurs | Akeem Shannon |
|---|---|
| Business | Flipstik |
| Ask | $100,000 for 20% equity |
| Deal | $100,000 for 25% equity |
| Sharks | Lori Greiner |
| Season | Season 12 |
| Original Air Date | November 20, 2020 |
| Website | Flipstik |
| Key Points of Pitch |
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| Why Sharks Accepted |
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The Deal
Akeem Shannon’s energetic pitch and the product’s potential captured Lori Greiner’s attention. She saw Flipstik’s mass appeal and offered Akeem the $100,000 he sought, but for a 25% stake in the company.
Recognizing Lori’s expertise in bringing products to market, Akeem accepted the deal, marking the beginning of Flipstik’s journey to wider success.
This strategic partnership with Lori Greiner proved to be a pivotal moment for Flipstik. With her guidance and resources, the company was poised to scale its operations, expand its product line, and reach a broader audience.
Flipstik’s Growth Post-Shark Tank
1. Product Line Expansion
Flipstik’s initial success with the phone grip paved the way for an expanded product line. The company leveraged its innovative adhesive technology to create a range of new products, including:
- Flipstik Pro: A larger, more robust version of the original grip, designed for tablets and heavier devices.
- Flipstik Mini: A compact version ideal for smaller phones and accessories like earbuds.
- Flipstik Flex: A flexible, bendable grip that can be attached to curved surfaces.
- Flipstik Go: A portable stand that provides a hands-free viewing experience.
This diversification allowed Flipstik to cater to a wider audience and address various use cases, further solidifying its position in the market.
2. Securing Additional Funding
Following the Shark Tank success, Flipstik secured additional funding to support its ambitious growth plans. This capital infusion enabled the company to:
- Invest in Research and Development: Continuously innovate and improve its adhesive technology and product designs.
- Expand Manufacturing Capabilities: Increase production capacity to meet growing demand.
- Strengthen Marketing and Branding Efforts: Raise brand awareness and reach new customers.
This financial backing played a crucial role in Flipstik’s ability to scale its operations and maintain its competitive edge.
3. Sales and Distribution
Flipstik adopted a multi-pronged approach to reach a broader customer base:
- Online Sales: Established a strong online presence through its website and major e-commerce platforms like Amazon.
- Retail Partnerships: Partnered with brick-and-mortar retailers to make Flipstik products accessible in stores.
- Strategic Collaborations: Teamed up with influencers and content creators to promote Flipstik products to their audiences.
Founder’s Recognition and Achievements
1. Akeem Shannon
Akeem Shannon’s vision and leadership have not gone unnoticed. His success with Flipstik has earned him numerous accolades, including being named “Entrepreneur of the Year” by various organizations.
His story serves as an inspiration to aspiring entrepreneurs, showcasing the power of innovation, perseverance, and seizing opportunities.
Beyond awards, Shannon is actively involved in mentoring and supporting other entrepreneurs. He shares his knowledge and experiences through speaking engagements and workshops, empowering others to pursue their dreams and make a difference.
2. Flipstik’s Impact
Flipstik’s journey from a Shark Tank pitch to a thriving business has resonated with many. It demonstrates that with a great idea, passion, and the right support, anyone can achieve success.
The company’s story is a testament to the entrepreneurial spirit and the possibilities that exist for those willing to take risks and work hard.
Flipstik’s impact extends beyond its products. It serves as a beacon of hope for aspiring entrepreneurs, encouraging them to chase their dreams and create something meaningful.
By sharing its story and supporting the entrepreneurial community, Flipstik is helping to shape the future of innovation and business.
Flipstik’s Success Story
1. Key Factors Contributing to Flipstik’s Growth
Flipstik’s remarkable growth can be attributed to several key factors:
- Innovative Product: The core adhesive technology behind Flipstik is unique and solves a common problem for phone users. This innovation set the foundation for the company’s success.
- Strong Leadership: Akeem Shannon’s vision, passion, and business acumen have been instrumental in guiding Flipstik’s growth.
- Strategic Partnerships: The partnership with Lori Greiner and collaborations with retailers and influencers expanded Flipstik’s reach and market presence.
- Customer Focus: The company has consistently listened to customer feedback and adapted its products to meet their needs.
- Adaptability: Flipstik has demonstrated its ability to evolve and expand its product line to cater to a broader audience.
2. The Shark Tank Effect
Flipstik’s appearance on Shark Tank provided a significant boost to its growth. The national exposure and validation from a successful investor like Lori Greiner instantly elevated the brand’s credibility and attracted a wider audience.
The show also opened doors to new opportunities and partnerships that might have otherwise been difficult to secure.
However, it’s important to note that Shark Tank was just one step in Flipstik’s journey. The company’s continued success is a testament to its strong fundamentals and the team’s dedication to building a sustainable business.
3. Lessons Learned
Flipstik’s story offers valuable lessons for aspiring entrepreneurs:
- Believe in your idea: Even if it seems unconventional, pursue your passion and don’t give up on your vision.
- Be prepared: Thoroughly research your market, understand your customers, and have a solid business plan.
- Seek mentorship and support: Don’t be afraid to ask for help and learn from those who have been there before.
- Embrace opportunities: Be open to new possibilities and seize the moment when it presents itself.
- Never stop innovating: Continuously improve your product and adapt to changing market trends.
FAQs
How does Flipstik work?
Flipstik utilizes a patented synthetic gecko adhesive technology. This adhesive mimics the microscopic hairs found on gecko feet, creating a strong bond with various surfaces without leaving any residue. To use Flipstik, simply peel off the protective backing, stick it to the back of your phone or device, and press it firmly onto the desired surface.
Where can I buy Flipstik products?
You can purchase Flipstik products directly from their official website. Additionally, Flipstik products are available on major e-commerce platforms like Amazon and at select retail stores.
What other products does Flipstik offer?
In addition to the original phone grip, Flipstik now offers a range of products, including:
- Flipstik Pro (for larger devices)
- Flipstik Mini (for smaller devices)
- Flipstik Flex (for curved surfaces)
- Flipstik Go (portable stand)
You can explore their full product range on their website.
Has Flipstik faced any challenges since Shark Tank?
While Flipstik has experienced significant growth, it hasn’t been without its challenges. Like any business, they’ve likely faced hurdles in scaling production, managing inventory, and navigating the competitive market. However, their ability to adapt and innovate has been key to overcoming these obstacles.
What’s next for Flipstik?
Flipstik is committed to continuous innovation and expansion. They’re constantly exploring new applications for their adhesive technology and developing new products to meet evolving customer needs. Additionally, they’re focused on expanding their global reach and making Flipstik a household name.
The Bottom Line
Flipstik’s story is a testament to the power of innovation, perseverance, and seizing the right opportunities. From a Shark Tank pitch to a multi-million dollar business, the company has come a long way. With a strong foundation, dedicated leadership, and a commitment to customer satisfaction, Flipstik is poised for continued success in the years to come.
Their journey serves as an inspiration to aspiring entrepreneurs, reminding us that with passion, hard work, and a bit of luck, anything is possible. Flipstik’s story is a shining example of the American dream in action, and we can’t wait to see what they achieve next.
