Flipstik is a sophisticated synthetic adhesive that will allow you to adhere your gadget to any flat surface you like and has a net worth if $25 million. There are many different types of smartphone kickstands and wall mounts, but Flipstik is unique in that it includes an adhesive that allows you to stick your phone to any surface. On Shark Tank, founder Akeem Shannon struck an agreement with Lori Greiner, but it never happened.
Flipstik was valued at $400,000 at the time of his Shark Tank appearance. In 2021, their valuation will have has risen from $500,000 to $25 million. This adhesive employs space technology, is reusable, and is situationally adjustable. The founder of the company sold a lot of phones as a salesperson in several locations and briefly worked for a fintech company.
Flipstik Net Worth (Shark tank)
|Net Worth:||$25 Million|
|Income :||$5 Million (Annual)|
Flipstik Net Worth Growth
|Net Worth in 2023||$25 Million|
|Net Worth in 2022||$20 Million|
|Net Worth in 2021||$18 Million|
|Net Worth in 2020||$15 Million|
|Net Worth in 2019||$10 Million|
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 thank his uncle, a NASA engineer, for having pointed him toward reusable adhesives.
As a young man, he developed a product that appealed to millennials. With the majority of young people creatively using their phones to vlog and post videos on sites like TikTok and Instagram, this product quickly became a must-have. Flipstik’s ability to be mounted on multiple services was also a major selling point.
As of 2023, Flipstik’s net worth is valued at around $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 he got a ten-fold increase 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