NerdiT Now is a business specializing in the repair and resale of mobile, computer, and electronic devices. In addition to repairs, they offer customers the opportunity to sell old phones. The company also provides device donation, recycling, and technical training services.
| Company Name | NerdiT Now |
| Founder | Markevis Gideon |
| Founded | 2015 |
| Product | computers, phones, and tablets repaire/resell |
| Asked For | $150K for 10% equity |
| Final Deal | No Deals |
| Shark | No Shark |
| Episode (Shark Tank USA) | S11 E5 |
| Air Date | Oct 27, 2019 |
| Business Status | In Business |
| Website | Visit Website |
| Headquarters | Wilmington, Delaware, United States |
| Lifetime (Sales) | $6M *estimated |
| Go To Amazon | Buy Now |
| Watch On | Amazon Prime |
Who Is The Founder Of NerdiT Now?
Markevis Gideon is the founder of NerdiT Now. In addition to running this company, he serves as a fellow with the Metropolitan Wilmington Urban League. He is also the co-founder of Speaker Angel, an investment company. Additionally, Gideon is recognized as a speaker coach and has participated as a speaker with TEDx.
How Was The Shark Tank Pitch Of NerdiT Now?
Jonathan, Jake, and Markevis entered Shark Tank seeking $150,000 for 20% equity in their business. They delivered an impressive presentation, highlighting their need for funding to purchase the motherboard necessary for their software build.
So far this year, they have generated $74,000 in sales, with an estimated total of $250,000 by the end of the year. Last year, their sales amounted to $157,000. In an ambulance setting, they generate approximately $30,000 in revenue each month.
However, all the sharks ultimately deemed the business non-investable at this stage and decided to pass on the opportunity.
Finalized: NerdiT Now didn’t get the deal in Shark Tank.
NerdiT Now Shark Tank Update
During the COVID-19 pandemic in 2020, NerdiT Now faced significant challenges due to the disrupted supply chain, which limited the availability of devices for repair. However, they also experienced positive developments during this difficult time.
They received a grant of $75,000 from Discover Bank and aimed to provide 1,000 laptops to students, donating numerous laptops and computers in the process.
Additionally, they were awarded $2,500 as the 2020 Reventing Delaware winner. They secured a $25,000 grant from Capital One and a $100,000 grant from Barclays to distribute refurbished devices to children in need.
In 2021, they established the NERDiT Foundation, which focuses on donating mobile phones, laptops, desktops, and other devices to individuals at no cost. According to Delaware Business Times, Gideon noted that 40% of the staff at NerdiT Now are women.
In December 2022, they designated a 47,000-square-foot warehouse at East Side Charter School as their NERDiT NOW recycling headquarters. As of April 2023, the company has donated over 7,392 computers and repaired more than 4,729 devices. Their annual revenue is estimated to be $4.8 million.
What Is the Net Worth of NerdiT Now?
While all asset and liability data for NerdiT Now has not been disclosed, the net worth is estimated at $7.5 million, based on lifetime sales and the most recent valuation.
Another Shark Tank Pitch
