The team appeared in Episode 12 Season 12 of the ABC show, Shark Tank. These investors went on to the episode, selling their business idea, with the hopes of being given a deal of $150,000 for 15% equity in the business. Did they get the deal that they wanted and where are they currently?
What Does The Yono Clip Firm Do?
Yono Clip is a firm that sells the “Yono Clip”. This product is described as a portable suction hanger device developed to support items like purses and bags weighing up to 15 pounds. The firm’s primary goal was to develop a hanger that people can take with them so that their items would not have to be put on the floor.
In 2022, the company is said to have a net worth of around $510,000. To learn something about the firm and the products that it manufactures, you can watch this YouTube video and follow them on Instagram.
How Was The Yono Clip Launched?
Bob Mackey originally got the brilliant idea for the Yono Clip when he tripped over someone’s bag somewhere at the gym. He instantly started sketching plans for the Yono Clip and then later shared his idea for a portable clip online.
That is where it caught the attention of Michael Green, his business partner these days. The investors had some challenges along the way when many engineering firms told them the design would never work. They decided to do it themselves and opted to 3D print the Yono Clips. Their design worked.
What Happened After The Shark Tank Episode?
Bob Mackey and Michael Green went to the Shark Tank show looking for a deal of $150,000 for 15% of their firm. The Shark and serial investor, Daymond John, gave them a deal of $150,000 for 30% equity in the firm. They accepted that deal.
Where Is The Company Today?
Whenever a firm appears on the Shark Tank show and leaves with a deal, chances are quite high that the business will start generating a lot of dollars in sales and revenue. With the Yono Clip Company, it is not yet clear where their current sales stand.
Their Instagram account does not currently have a lot of followers yet and their product is not available anywhere other than on the company website. The firm manufactures a portable suction hanger for keeping possessions off dirty surfaces. For now, the company is still in the early days, and it is still growing. The team promises to strive to ensure that they will deliver quality products that will drive successful sales in the coming years.