Discover the Yono Clip Net Worth in 2023 after the Shark Tank deal. Get insights into the Yono Clip’s financial success and its journey to prosperity.
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Yono Clip Net Worth
Yono Clip Net Worth is $400,000 & YONO Clip is a tiny company based in the United States that makes portable suction dryers. Because of its lifesaving function, the yono clip is a great item to keep on public property, even if you’re traveling.
People are more mindful of germs and their own hygiene so Bob Mackey and Michael Green made Yono Clip, a suction hanger that prevents objects from contacting filthy surfaces. On Shark Tank, they made a deal with FUBU founder Daymond John.
Yono Clip
Yono Clip is a company founded by Michael Green and Bob Mackey that makes portable suction dryers called Yono Clips. They appeared on Shark Tank and secured a deal with Daymond John for $150,000 in exchange for 30% equity in the company.
YONO Clip is situated in the United States of America, and it’s a leader in portable suction hangers. This product is known and used its lightweight power to efficiently prevent the spread of germs in public spaces, whether you’re traveling or just walking to the grocery store.
This product handles all facets of the organization, so it should definitely be your focus if you’d prefer to be certain that every part of your clothing remains shipshape.
If you are browsing for a tool that’s convenient and effective for storage needs, consider this Yono item. It has many features that make it perfect for transporting clothes and personal items.
If you’re interested in purchasing this clip, it’s available in your choice of three colors: red, black, or pink.
Yono Clip Net Worth 2023 – Overview
| Name | Yono Clip |
| Net Worth | $450,000 |
| Owner: | Michael Green And Bob Mackey |
| Asked For: | $150,000 For 15% Equity |
| Deal: | $150,000 For 30% Equity |
| Shark: | Daymond John |
| Episode | Season 12 Episode 12 |
Yono Clip Shark Tank
Yono Clip is a product that was pitched on Shark Tank Season 12 by entrepreneurs Michael Green and Bob Mackey. It is a simple clip that suctions to surfaces, such as walls, tables, and other non-porous surfaces, to keep personal items off the ground and free from germs and dirt. The product uses a DURAFLEX® suction cup that gives it extra sticking power and can hold up to 15 pounds when suctioned to a smooth surface.
The clip has a retractable hook and a carabiner clip and is biodegradable, sustainable, renewable, and carbon-neutral. The product was successfully funded on Kickstarter, raising $9,857 in July 2020. During their Shark Tank pitch, the entrepreneurs asked for $150,000 for 15% equity in their company. Daymond John made an offer of $150,000 for 30% equity, which the entrepreneurs accepted.
As of 2023, the Yono Clip is available for purchase on their website in pink and red. While there is not much news about the company’s progress after Shark Tank, the product is still available for purchase.
yono clip shark tank update
The product is available for purchase on their website and on Amazon.com.
yono clip still in business
“Is Yono Clip still in business?” is yes, Yono Clip is still in business. However, the business does not seem to be flourishing. The product is only available on the company website and not on other online retailers such as Amazon. The social media channels for Yono Clip have not been updated since February 2021. The company has experienced some supply chain issues during the COVID-19 pandemic. Despite these challenges, Yono Clip has an estimated annual revenue of $400,000.
Founder: Yono Clip
Yono Clip is a product that solves a problem. It may be widely used in the future. Michael Green and Bob Mackey developed this idea, and they worked together to help get the business off the ground.
A Boys & Girls Clubs business in North Central Georgia, the Chief Operator Mackey, is knowledgeable about digital technology and its functions. He knows how to build a business from it.
Michael Green is the owner of this company. He deals with production and has in-depth knowledge concerning the product. Both of them have done an excellent job with this business.
Yono Clip Deal on Shark Tank
Yono Clip’s founder told a captivating story to captivate the sharks with respect to the company’s vision. Founders Michael Green and Bob Mackey asked for $150,000 in exchange for 15 of the company’s shares on Shark Tank.
If we talk about the number of Yono Clips that the company sold, the company’s founder says that in two months, it made $14,500. The company’s founders Michael Green and Bob McKay did a great job of marketing this product, which is why they sold so many in just two months.
The founder of a thriving company held a Kickstarter campaign in 2017 and raised $10,000 from one campaign. Of a total of $14,500 raised on Kickstarter, $10,000 was crowdfunded and $4,000 came from the individual’s website and gym. In 2021, the founders were 3D printing this item in their garage and selling this for $10. When it was first starting out, the company’s founder said he made 10–15 products every week.
Barbara Corcoran states that this is a very competitive business and the product isn’t needed that much, so it’s out of this transaction. Mark Cuban states that this is not a great product to invest in, so he’s out of this deal. Kevin O’Leary said that he can’t invest in this company because he has investments in Deskview, which is similar.
Lori Greiner said she can t afford to invest in this product since she hasn t investigated its originality or if it works well. Daymond John liked the research that the business owner had done. According to him, the product still needs to be worked on a great deal. Therefore, he invested $150,000, but he requires to get 50% of the corporation.
After talking about it, Daymond changes his offer of $150k for 30% of the company. But the founder made a counter-offer of $150k for 20% of the company. Kevin said that you don’t know anything about this business, that it has a lot of problems, and that it is hard to grow.
Barbara Corcoran said that it’s not about money or quantity, but about finding a good partner who can help this business grow. Daymond is without a doubt a loyal partner to you.
Before putting money into this business, Shark found out how much the startup made each month and what its gross margin was. Shark Daymond John’s offer to invest $150,000 in this startup in exchange for 30% of the company’s equity was finalised after a lot of information came to light.
After Shark Tank, what happened to Yono Clip?
Yono Clip’s startup started well on Shark Tank, and it hasn’t stopped since then. In addition to his exposure and financing through the TV show, he received far more orders for coffee beans as a result. In fact, people will typically spend up to $20 per pound for this commodity on the market.
