People have now become very conscious of germs. They now give more priority to their health and hygiene. That is why Bob Mackey and Michael Green introduced a suction chamber named Yono Clip so that the belongings can not touch dirty surfaces.
In a nutshell, we can say that this product will help you to keep any vah at any place in a good way. The founders of Yono Clip introduced their portable suction hanger in Yono Clip Shark Tank Season 12 Episode 12.
The Yono Clip is no doubt a successful product and it has got a lot of good funding from Shark Tank as well. The founders of Yono Clip appealed to the sharks for an investment of $150,000 in exchange for a 15% equity stake in their business.
They managed to secure a deal on Shark Tank with FUBU Founder Daymond John. As of 2024, Yono Clip Shark Tank’s net worth is approximately $400,000.
So let’s uncover what has been obtained from Shark Tank Season 12 of Yono Clip and how this product can develop further.
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What Was The Net Worth Of Yono Clip In 2019?
In 2019, the estimated net worth of Yono Clip was $51000.
What Was The Net Worth Of Yono Clip In 2020?
During the pandemic, the sales of the company increased. So, in 2020, the estimated net worth of Yono Clip was $375,000.
What Was The Net Worth Of Yono Clip In 2021?
In 2021, the estimated net worth of Yono Clip was $100,000.
What Was The Net Worth Of Yono Clip In 2022?
In 2022, the estimated net worth of Yono Clip was $60,000.
What Is The Net Worth Of Yono Clip In 2023?
As of 2023, Yono Clip has an approximate net worth of $10,000.
YONO Clip is a U.S.-based small startup that is popular for manufacturing portable suction hangers that are required for a wide range of applications.
If you travel or go somewhere you will surely want to keep your bag without touching the germ. Yono Clip is an ideal product for you. You can keep your bags away from germs while you are travelling or going somewhere with the help of Yono Clip.
This product is a one-stop solution that enables you to keep your belongings from bottom to top. If you have a bag it has become very dirty and you do not want to keep it on the floor of your house, you may use Yono Clip.
The most interesting thing is that you can take this product with you to the office, home, or while travelling and you will be able to hang your belongings in it.
So if you want to purchase this clip then you should know that it is available in 3 colours: Red, Black and Pink. You may purchase anyone as per your choice.
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The Foundation History Of Yono Clip
Bob is a fitness lover who once slipped on somebody’s bag on the gym floor. Rather than getting upset about it, he got a lightbulb moment for a hanging device. He first outlined it on a paper towel and felt that it was brilliant. So, he shared the idea on Facebook with a post.
A lot of people made remarks but the most insightful comment came from Michael Green. With this, the two Atlanta men gave their best efforts to create the Yono Clip, which is a suction-based hanger that can be attached to nearly any kind of vertical, horizontal, or diagonal surface.
They produced the first units with a 3D printer, and they were launched in 2020. The startup then managed to raise $10,000 in a single day from Kickstarter and generate $14,500 in sales two months after releasing it.
Yono Clip is a problem-solving product, it may be required a lot in the upcoming time. That is why the founders of this unique idea Michael Green and Bob Mackey made up their minds to grow this business.
Founder Bob Mackey has great digital knowledge and serves as the CEO of Boys & Girls Clubs, a North Central Georgia-based company. They have very good knowledge about how to develop a business.
Michael Green is also a businessman who supervises the production, and he also has very good knowledge about the product. Both of them have operated this startup very well.
The Backgrounds Of the Founders
Michael Green and Bob Mackey are both from Atlanta, Georgia. Michael has earned a bachelor’s degree in English and linguistics from Morehouse College. Since 2001, he has been serving as the educator and president of Science for Everyone, Inc.
Bob Mackey was a high school dropout but later made up his mind to complete his education by taking on a TED program in college. He then served as an inventor and the CEO of a non-profit organization called Boys & Girls Clubs of North Central Georgia.
The two first met each other at a STEM festival around 2010. They were both motivational speakers looking to encourage the youth. After being introduced to each other, they became close friends.
Yono Clipshad became a brand name before appearing on Shark Tank. They began to get very good sales through social media and their website.
As it is a problem-solving product, it was accepted very easily in the market. Currently, its product is available for sale in online marketplaces like Amazon, and Walmart as well as in all retail stores. Till now the company has sold more than 10,000 products.
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Yono Clip: Shark Tank Pitch
Michael and Bob were planning to move from 3D printing to moulded manufacturing. They were required to raise capital and that is why they decided to come up on Shark Tank season 12 to ask for an investment of $150,000 from the sharks in exchange for a 15% equity in their company.
The two entrepreneurs gave a vigorous presentation after which the sharks started to dance. While they began to talk about the business, the Sharks were impressed after knowing how much they had achieved in two months.
Nonetheless, a few of the sharks were unable to see the usefulness of the item and chose to back out. They managed to grab the attention of Daymond John with their story and finally, he was ready to offer $150,000 in return for a 30 equity stake in their business. Although the founders tried to counter the proposal, they finally accepted the deal.
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The founders of Yono Clip presented Yono Clip on Shark Tank very well. They told a great motivational story in the Shark Tank Yono Clip episode. The founders of Yono Clip, Michael Green and Bob Mackey aimed to get an investment of $150,000 in return for a 15% stake in their company.
If we consider the sales of the Yono Clip product, the founders of the company have said that they managed to generate $14,500 in sales within two months.
The founders Michael Green and Bob McKay marketed this product very well. That is why they were able to get such good sales in only 2 months.
The founder ran a Kickstarter campaign for his business, in which he managed to raise $10,000 in one day. Of the $14,500 he sold, $10K came from his Kickstarter. The rest of the $4K in this came through their website and GYM.
In 2021, the founders were manufacturing this product through 3D printing in their garage at home for 10 bucks and selling it for $20. The founder said that he used to make 10-15 products every week as it was in its initial stage. After this, the sharks expressed different opinions. Here is a brief description of this:
Barbara Corcoran: As per Barbara Corcoran, the industry is filled with competition and the product they have launched is not required so much. That is why she went out of the deal.
Mark Cuban: Mark Cuban remarks that this is not such a great product in which it can be invested. That is why he too went out of the deal.
Kevin O’Leary: Kevin O’Leary said that he was unable to invest in this business as he had already invested his money in a similar product named Deskview.
Lori Greiner: Lori Grenier said that she is not sure that it is a unique product and that its work is flawless. For this reason, she was unable to invest her money in it.
Daymond John: Daymond John liked the founder’s product. He said that there is still a lot of work to be done on this product. That is why he wanted to invest $150k but he requires 50% equity.
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What Happened To Yono Clip From Shark Tank? Did It Get A Deal?
Yes, the Yono Clip Shark Tank deal was finalized between Daymond John and the founders of the company. Although Daymond John asked for a 50% stake for investing $150,000 in the business, after some discussion, he modified his offer of $150k for 30% equity.
However, the founders of Yono Clip tried to counter-offer the offer of $150k for 20% equity.
After this, Kevin O’Leary said that you have no idea about this business, it has a lot of challenges, and it is very difficult to scale it.
Barbara Corcoran said that it is not a matter of money and equity, it requires a good partner who can make this company prosper. There is no doubt that Daymond John is a faithful partner to you.
Before investing in this business, the shark took information about the startup’s gross margin and its monthly income. After a lot of things came to light, Shark Daymond John’s finalized the deal of $150,000 in return for a 30% stake in the company.
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What Happened To Yono Clip After Shark Tank?
Yono Clip after Shark Tank was growing very well. After the Shark Tank episode, the company also got marketing for free and funding, and after that, the growth of the business became very good.
The founders of the company even got a coffee order soon after being featured in Shark Tank. The average price of this product is $20.00.
Yono Clip Shark Tank Update
Unfortunately, there has not been much news about Yono Clip after it was featured on Shark Tank. Just like a lot of businesses, the production and shipping of Yono Clip were affected due to the pandemic. This is frustrating considering the product becomes significantly more attractive during this time.
Some orders are postponed for 30 days or longer and this may be the reason why the rating of the product became low. At present, you may buy the product from YonoClip.net only. It is expected that they will start selling their product on Amazon after fixing their main problems.
They have more than 1,5000 followers on Instagram and approximately 2,600 likes on their Facebook page. These numbers are insufficient considering how remarkable their pitch was. Their Instagram profile has nearly 1,500 followers which should be higher considering how wonderful their pitch was.
As soon as Daymond John became a partner of this company, the growth of this company changed.
When this business was presented on Shark Tank, it was in its initial stage, it did not do any social media marketing, branding, trend mark register, etc.
Daymond John had pledged that when he signed this contract, all these things would be done by his team. Yono Clip had its trademark registration in September 2020.
So, as of 2024, the Yono Clip company is smoothly running its business.
The primary competitors of Yono Clip are the S-hooks and the C-hooks. The S-hook is a tiny suction cup with a hook that may be tied up to any surface. The C-hook is also a small suction cup with a hook that can be tied to any surface. The capacity of this apparatus is 30 pounds when tied to a hard surface.
Yono Clip has the prospect of prospering into a very successful business. The company has already secured a deal with one of the sharks and is now up and running. With the continued support of its investors, Yono Clip should be able to develop its operations and reach new heights.
Where is Yono Clip located?
The Yono Clip is located in the United States. If you have any queries about the product or would like to order a Yono Clip, you may visit their website at yonoclip.com or get in touch with them via email at [email protected].
How do you contact this company?
The best way to get in touch with the owners of the company is through their website’s contact form.
How does Yono Clip work?
If you want to use the Yono Clip, you just need to attach the suction cup to any desired surface. You need to make sure that the area around the suction cup is clean and free of dirt or debris. Next, you need to take the object that you want to secure and hook it onto the Yono Clip. The object should now be securely affixed to the chosen surface.