Yono Clip Net Worth 2024: People today are more aware of germs and their own personal hygiene. So, Bob Mackey and Michael Green made the Yono Clip, a suction hanger that keeps things from touching dirty surfaces. On Shark Tank, they made a deal with FUBU founder Daymond John. As of 2024, Yono Clip is estimated to be worth $400,000.
About: Yono Clip Net Worth
The United States of America is home to YONO Clip, a small firm that produces portable suction hangers. A great use for this product is to prevent the spread of germs in public spaces, whether you’re travelling or just going out.
For complete, all-encompassing organisation, look no further than this product. A Yono clip is useful if you have a bag that has gotten quite dirty and do not want to leave it lying around the house.
This device is convenient because it may be used to store clothes and accessories at the workplace, at home, or while on the go. If you’re interested in purchasing this clip, it’s available in your choice of three colours: red, black, or pink.
Yono Clip Net Worth 2024
| Name | Yono Clip |
| Company 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 |
Founder: Yono Clip
Yono Clip is a product that solves a problem. It might be used a lot in the future. Michael Green and Bob Mackey came up with this unique idea, and they both helped this business grow.
Boys & Girls Clubs is a business in North Central Georgia, and Founder Mackey is the CEO. He knows a lot about technology and how it works. They know a lot about how to make a business bigger.
Michael Green is also a business owner. He is in charge of production and knows a lot about the product. Both of them have run this startup very well.
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Yono Clip Deal on Shark Tank
The founder of Yono Clip told a great story to get the shark excited about his business idea. Founders Michael Green and Bob Mackey asked for $150,000 in exchange for 15% of their company’s shares in Shark Tank.
If we talk about how many Yono Clips were sold, the company’s founder says that in two months, the company made $14,500. The founders Michael Green and Bob McKay did a great job of marketing this product, which is why they sold so many of them in just two months.
The business’s founder ran a Kickstarter campaign and raised $10,000 in one day. Ten thousand dollars of the $14,500 he made came from his Kickstarter. The other $4,000 came from their website and their gym. In 2021, the company’s founders were 3D printing this product in their garage for $10 and selling it for $20. When it was first starting out, the company’s founder said he made 10–15 products every week.
Barbara Corcoran says that this is a very competitive business and that the product isn’t needed that much, so it’s out of this deal. Mark Cuban says that this is not a great product to invest in, so he is out of the deal. Kevin O’Leary said that he can’t put money into this business because he already has money in Deskview, which is similar.
Lori Greiner said she can’t invest in it because she’s not sure if it’s really a unique product and if it works perfectly. Daymond John liked what the founder had made. He said that this product still needs to be worked on a lot. So, he’ll put in $150k, but he needs 50% of the business.
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.
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After Shark Tank, what happened to Yono Clip?
Success for the startup Yono Clip began on Shark Tank, and it appears to be continuing. As a result of Shark Tank, he not only received free advertising and financing, but also saw a significant uptick in business. In fact, after his appearance on Shark Tank, he received an order for coffee. This item costs around $20 on the market on average.
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