This article is about Flipstik Net Worth and Other Information. Flipstik is an innovative phone accessory that provides a secure attachment to the back of your device. It allows you to confidently stick your phone to nearly any flat surface.
Akeem Shannon is the resilient founder and CEO of Flipstik. He is an accomplished entrepreneur who has triumphed over challenges and acquired valuable insights from his experiences.
Introduction The Flipstik
Flipstick is an innovative gadget that provides a convenient way to place your phone on different surfaces. It has gained popularity among adolescents due to its adaptability.
Designed as a small and user-friendly product, Flipstick easily attaches to the back of your phone.
It offers a unique and practical way to hold your phone while capturing photos or videos. With its strong adhesive, Flipstick securely keeps your phone in place, even during active use. It is also detachable, allowing for easy portability.
Flipstick is made of durable materials that ensure longevity and resistance to breaking or tearing. It is also waterproof, enabling usage in various weather conditions. Furthermore, it is compatible with all phone models, including iPhones and Android devices.
Notably, Flipstick serves as a kickstand for cell phones, allowing them to stand upright or attach to flat surfaces.
It features a strong adhesive that can hold up to two pounds of weight before losing its tackiness. The glue is washable with soap and water or alcohol pads.
Additionally, Flipstick offers a variety of colors and designs to choose from.
The Founder Of Flipstik (Akeem Shannon)
Akeem Shannon was born and raised in St. Louis, Missouri. He comes from a family where his parents are involved in non-profit work and own their own business. He began his studies in chemical engineering at Howard University.
Unfortunately, he encountered challenges along the way, including battling depression and engaging in excessive partying, which led to the loss of his scholarship.
Following his departure from the university, Shannon ventured into various sales roles, where he showcased innate talent. He commenced his sales career as a consultant at Multimedia Publications.
He gradually advanced to become a Sales Manager at Sprint. Despite being the top salesperson, he earned only $30,000 that year.
In 2014, Shannon joined Verizon as an Account Executive. She then transitioned to a new profession as a Business Consultant at Square.
Flipstik Establishing Company
Akeem, a Missouri native, cultivated his entrepreneurial aspirations while employed at Square. He was immersed in a community of accomplished entrepreneurs.
His NASA engineer uncle introduced him to synthetic setae. An adhesive sticks to any surface and renews with hot water.
Shannon suggested incorporating it into a phone kickstand led to Flipstik’s creation. Flipstik addressed Akeem’s frustration with securely holding phones during media capture.
Launched in early 2018, Flipstik raised $10,310 from 460 backers. The funding was obtained through a Kickstarter campaign. The startup experienced impressive growth, exceeding $100,000 in revenue by 2019.
Flipstik Net Worth and Other Information
|Flipstik Founder||Akeem Shannon|
|Flipstik Headquarters||Saint Louis, Missouri, United States|
|Product||An adhesive device that enables users to attach their phones to any surface safely|
|Asked For||$100,000 for 20% equity in Flipstik|
|Deal||$100,000 for 25% equity in Flipstik|
|Episode||Season 12 Episode 4|
|Company size||2-10 employees|
|Air Date||Nov 6, 2020|
|Business Status (2023)||In Business|
|Flipstik Net Worth||$5 million|
Flipstik As A Public Figure – Social Media Influencer
|Social Media Site||Linked Destination|
|Flipstik Website||Click Here|
|Flipstik Facebook||Click Here|
|Flipstik Twitter||Click Here|
|Flipstik Instagram||Click Here|
|Flipstik Youtube||Click Here|
|Flipstik Linkedin||Click Here|
Flipstik Before Shark Tank
Akeem Shannon, driven by his dream, returned home after losing a scholarship. Switching telecom jobs, he joined Square. Yet, his ambition to be his own boss persisted.
In a 2017 call with his NASA-employed uncle, an idea emerged. Reusable adhesive, once explored by NASA, inspired Akeem. He patented synthetic setaeTM, a washable material merging science with everyday life.
In December 2017, Akeem created a kickstand prototype. This prototype offered versatility by being able to attach to various surfaces such as wood, walls, mirrors, leather, and dashboards.
Available in diverse colors, zodiac signs, and 70+ patterns, kickstands differ with a sturdy polycarbonate hinge. They hold up to 2 pounds, supporting keys, tablets, wallets, remotes, and frames.
Flipstik Net Worth
Flipstik successfully secured a deal on Shark Tank with a valuation of $400k. In the beginning, the company’s annual sales were $100k. With Lori’s guidance, they managed to achieve an impressive milestone.
As of 2023, Flipstik net worth has reached $5 million. Based on their annual revenue and total investment, Flipstik is estimated to be worth $1M – $2.4M.
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Flipstik After Shark Tank
The deal with Lori Greiner never closed after Shark Tank. Flipstik isn’t listed on Lori’s website where she shares her investments.
Daymond John seemed to persuade Lori against the deal, possibly due to his ownership of Love Handle, a similar product. He wanted to avoid competition from another Shark.
The show’s publicity boosted sales and Flipstik maintained momentum. Akeem followed Lori’s advice and went digital, selling directly through GetFlipstik.com.
In 2021, Flipstik received a $50,000 grant from UMSL DEI Accelerator, enabling entry into 300 Target locations. Amazon offers the product, with an average rating of 3.5 stars from 532 reviews.
Flipstik’s annual sales estimate of around $5 million seems high. $1 million in annual revenue appears more accurate. The latest fundraising valued Flipstik at $5 million.
FAQ – Flipstik Net Worth
What is Flipstik’s net worth?
As of 2023, Flipstik’s net worth is estimated at $5 million.
Who is the founder of Flipstik?
The Flipstik founder is Akeem Shannon.