A businessman cannot be successful unless he has patience. The goal of Shark Tank was to buy shares of the business and give them a chance to grow. Flipstik has a net worth of $25 million in 2021. Also, his annual revenue is more than $5 million.
Flipstik Net Worth(Shark tank)
| Name: | Akeem Shannon |
| brand: | Flipstik |
| Net Worth: | $25 Million |
| Country: | United States |
| Income : | $5 Million (Annual) |
| Last Updated: | 2022 |
Flipstik Net Worth Growth
| Net Worth in 2022 | $25 Million |
| Net Worth in 2021 | $20 Million |
| Net Worth in 2020 | $18 Million |
| Net Worth in 2019 | $15 Million |
| Net Worth in 2018 | $10 Million |
FOUNDER’S STORY
Akeem was motivated to have a shot at a decent life after losing a Howard scholarship. As mentioned earlier, he briefly worked for various companies before making his magnum opus in 2017. Akeem can credit his uncle, a NASA engineer, for having pointed him towards reusable adhesives.
Being a youth, he created a product that resonated positively with the millennials. With most youths creatively using their phones to Vlog, post videos on sites like TikTok and Instagram, this product became a must-have. Flipstik’s capability of being mounted on multiple services also became its major selling point.
Summary
As of 2022, Flipstik has a net worth of $25 million. One of the rising brands in the USA.
When Akeem was starting, he barely had enough money to mass-produce Flipstik. After getting a patent and trademark for the novel accessory, he sought funds through a Kickstarter campaign. His goal was around $1865 but got a ten-fold amount within a month of launching the campaign. Before appearing on Shark Tank, Flipstik had already won first prize in a promotion held by TechStars.
Source – sharktanktales.com
