A businessman can only be successful if he has patience. Shark Tank’s goal was to buy shares in the company and give them a chance to grow. Flipstik has a $ 25 million net worth as of 2021. In addition, its annual sales are more than $ 5 million.
Flipstik Net Worth (Shark tank)
|Net worth:||$ 25 million|
|Income :||$ 5 million (annually)|
Flipstick Net wealth growth
|Net worth in 2021||$ 25 million|
|Assets in 2020||$ 20 million|
|Net worth in 2019||$ 18 million|
|Net worth in 2018||$ 15 million|
|Net worth in 2017||$ 10 million|
What is Flipstik?
Flipstik is an innovation that makes it possible to mount your smartphone on more than one surface. Flipstik product is a popular invention a few of children because of its adaptability. Apart from being well-matched with one-of-a-kind telephones, the adhesive is also reusable. There is one-12 months assure to update a Flipstik if it breaks, fades or fails to stick, which makes this product a ought to-have.
Who Owns Flipstik?
Akeem Shannon is the inventor behind Flipstik. Before founding the company, Akeem labored in various mobile agencies as a shop clerk. He also in short worked for a fintech, however felt unfulfilled. He had a higher calling of being an entrepreneur, a quest he fulfilled whilst he commenced Flipstik Company. Akeem had desired to be his own boss, a fête he nonetheless holds these days.
Akeem was motivated to have a chance at a decent life after losing a Howard scholarship. As mentioned, he worked briefly for various companies before making his Magnum Opus in 2017. Akeem can credit his uncle, a NASA engineer, for pointing out reusable adhesives to him.
As a teenager, he created a product that was well-received by millennials. With most of the teens using their phones creatively to vlog and post videos on sites like TikTok and Instagram, this product has become a must-have. Flipstik’s ability to install on multiple services also became its main selling point.
As of 2021, Flipstik has a net worth of $ 25 million. One of the emerging brands in the USA.
When Akeem started, he barely had enough money to mass-produce Flipstik. After receiving a patent and trademark for the novel accessory, he looked for funds through a Kickstarter campaign. His target was around $ 1,865 but received ten times that amount within a month of the campaign launch. Before joining Shark Tank, Flipstik had already won first prize in a promotion organized by TechStars.