Chubby Buttons is a smartphone accessory that provides a great way to access the phone. Through this gadgets, the smartphone can be accessed without taking it out of the pocket like call receive, music change and many more.
This company was launched in 2017 by Mike Cherkezian and Justin Barad. The idea of this business came to Justin when one of his friends was struggling to change the music. Because the phone was inside the jacket and gloves were worn in the hand.
After some research, Justin along with Mike designed this Chubby Buttons. Most of the bike riders travel wearing their riding clothes and it is not possible for them to access the phone at the same time.
To access the phone, the rider will have to take off the gloves as well as the jacket if the phone is in the inside pocket of the jacket. This is a huge task, but using this device, the phone can be easily accessed through its wearable technology.
Adventure sport experiences are also improved with this device. Mike and Justin both appeared on Shark Tank Season 14 Episode 17 and asked the sharks for $250,000 for 8% equity at $3.1 Million Valuation .
What Is Chubby Buttons?
Chubby Buttons is the world’s first wearable Bluetooth remote device. This device is made with wearable technology and it supports multi device compatibility.
This means that along with connecting this device to the phone via Bluetooth 5.1, you can also connect earphones. The phone can be easily controlled through the oversized buttons of this device.
With the help of this device, you will be able to access Google Assistant, phone calls, camera and music easily. Apart from all this, this device is weather proof and comes with 4 months long lasting battery. According to the company website, this gadget is perfect for riding, skiing and gym person.
This device is available in 3 variants Patriot, Tron and Hunter, its cost is $74.99.
|Chubby Buttons, LLC
|Mike Cherkezian and Justin Barad
|Solution to control our smartphones
|$250k for 8% equity
|Episode (Shark Tank USA)
|Mar 17, 2023
|Brooklyn, New York, United States
|Lifetime Worth (Sales)
|Go To Amazon
Another Shark Tank Pitch
Who Is The Founder Of Chubby Buttons?
Chubby Buttons Company was started by three friends because of their vision. The co-founders of this company are Justin Barad and Michael Cherkezian.
Justin is the Co-Founder & Head of Operations of this company and he is currently working full time in it. After completing his Doctor of Medicine from Tel Aviv University, he worked in Fooda for 7 years as Senior Business Development Manager.
Michael is another co-founder of this company. He has served as a director in a number of companies, including Norex International, Expand Research and Thinknum Alternative Data.
Michele has joined Envestnet | Yodlee in December 2022 as Investment Research Sales.
Chubby Buttons Before Shark Tank
3 friends launched this company in 2017 and this company was able to generate a very good sales in the initial time. There are many riders from United States who are using these gadgets.
This gadgets is not chargeable, in this you can change the battery. The company claims that one battery will last for 4 months.
It is very easy to change the battery, you just have to remove the battery cover and plug the battery in. This gadgets is water resistant and is durable for a long time. According to CrunchBase, this company is currently in profit.
Justin has revealed on his Linkedin account that 5,000 units of this product were sold in the first 12 months of the year.
How Was The Shark Tank Pitch Of Chubby Buttons?
Justin and Mike enter Shark Tank and ask the sharks for $250k for 8% equity. They explained to Shark about their Chubby Buttons product and how to control the smartphone through this one simple gadget.
Their annual sales in 2021 were $500,000 for 2022 sales went up to $600,000. The landed cost of the product is $11.57-$13.37 and it is sold for $79.99.
They spend $12k-$15 on marketing every month. Their customer acquisition cost is $27. They have raised $250,000 in funding from a single investor.
Mark Cuban, Barbara Corcoran, Robert Herjavec and Lori Greiner declined to invest in this business. Kevin O’Leary is interested and offered to invest in this business $250k for 10% equity + will take $20 per unit sold until $1 million is achieved.
Justin countered the $2 royalty but Kevin said no. Justin countered another $3 royalty Kevin again said no.
Finalize: Chubby Buttons didn’t get a deal on Shark Tank.
Chubby Buttons Shark Tank Update
After Mike and Justin enter the Shark Tank, they tell the sharks about their business. Both of them talked about many things like annual sales, profit and feature plan. There were a lot of conversations between the shark and the CO-founder.
We’re following Mike Cherkezian and Justin Barad along with their company for further updates.
What Is The Net Worth of Chubby Buttons?
Chubby Buttons is estimated to be worth $3.1 million. This company has been running since 2017 and many people have bought the products of this company. This product has received very good response on Amazon so far. Moser People say the product is expensive but works.
Is Chubby Buttons Still In Business?
Justin and Mike have been running this business for a long time. According to Linkedin, Mike is working part time in this company and Justin full time.
This gadgets is currently available in many countries through Amazon and this device supports both iPhone and Android.
The current headquarter of this company is in Brooklyn, New York, United States and it employs 2-10 employees according to LinkedIn.
Yes, Chubby Buttons is still in business as of March 2023.
frequently asked questions
Who founded Chubby Buttons?
This company was founded in 2017 by Mike Cherkezian and Justin Barad.
What Is the Cost of Chubby Buttons?
The device comes in 3 variants and costs $74.99 on the company website and $79.99 on Amazon.