NerdiT Now is a service base business that deals in repair and resale of computer, mobile and electronic devices. This business was founded in 2015 by Markevis Gideon. They don’t just repair, but they are focusing on building a technology ecosystem that donates, repairs, and recycles.
Gideon is moving forward with a great vision, so that these technological devices reach those people who do not have knowledge about all this.
Gideon started this business. When Gideon was a kid, he got a computer as a gift. He developed the IT repair skill through his knowledge. After that he started his entrepreneurial journey, then NERDiT Now was born.
A startup funding program was organized at the University of Delaware Horn Entrepreneurship, they participated and won $9,000 in awards.
Jonathan Hoxter, Jake Voorhees and Markevis Gideon appear on Shark Tank Season 11 Episode 5 for funding and ask the sharks for $150,000 for 20% equity at $750k valuation.
What Is NerdiT Now?
NerdiT Now is a Mobile, Computer & Electronic Device repairs and resell business. They say that they provide high quality service.
They can repair any type of device irrespective of any problem in it. They also repair game systems.
Along with repairing the device, you can also sell old phones to them. They also provide device donate, recycle and technical training.
|Company Name||NerdiT Now|
|Product||computers, phones, and tablets repaire/resell|
|Asked For||$150K for 10% equity|
|Final Deal||No Deals|
|Episode (Shark Tank USA)||S11 E5|
|Air Date||Oct 27, 2019|
|Business Status||In Business|
|Headquarters||Wilmington, Delaware, United States|
|Lifetime Worth (Sales)||$6M *estimated|
|Go To Amazon||Buy Now|
|Watch On||Amazon Prime|
Another Shark Tank Pitch
Who Is The Founder Of NerdiT Now?
Markevis Gideon is the founder of NerdiT Now Company. Along with running this company, he also worked as a fellowship in the Metropolitan Wilmington Urban League.
He is the co-founder of Speaker Angel, an investment company. He is also known as a speaker coach, he joined TEDx as a speaker.
How Was The Shark Tank Pitch Of NerdiT Now?
Jonathan, Jake and Markevis enter Shark Tank and ask the sharks for $150k for 20% equity. They gave a very good presentation.
They need funding so that they can buy the motherboard for the build a software. So far this year they have had sales of $74,000, with an estimated $250,000 by the end of the year.
Last year their sales were $157,000. In an ambulance they make around $30,000 in one month. All the sharks said this business is not investable and it is early, so they are out.
Finalized: NerdiT Now didn’t get the deal in Shark Tank.
What Happened To NerdiT Now After Shark Tank?
The popularity of NerdiT Now business increased after Shark Tank, although they did not get funding from Sharks.
During 2020 Covid-19, they had to face a lot of struggle, because they did not get many devices for repair due to the supply chain being destroyed.
Some positive things also happened to him with difficulty. They received a grant amount of $75,000 from Discover Bank. They donated many laptops and computers, in 2020 their goal was to provide 1,000 laptops to students.
They received $2,500 as the 2020 Reventing Delaware winner. They received a $25,000 grant from Capital One and a $100,000 grant from Barclays to distribute refurbished devices to KIDS.
They established the NERDiT Foundation in 2021, through which they donate mobile, laptop, desktop etc. devices to people for free.
What’s new on NerdiT Now
According to delawarebusinesstimes, Gideon said that 40% of the staff in his company are women.
In December 2022, they designated East Side Charter 47,000-square-foot warehouse as their NERDiT NOW recycling headquarters.
Till April 2023, this company has donated 7,392+ computers and has also repaired 4,729+ devices. The annual revenue of this company is estimated at $4.8 million.
NerdiT Now Shark Tank Update
Jonathan, Jake and Markevis gave a very good presentation after entering the Shark Tank. Many things were talked about in Shark Tank like this business model, revenue and many more. Un-fortunately this business didn’t get funding in Shark Tank.
We’re following Jonathan Hoxter, Jake Voorhees and Markevis Gideon along with their company for further updates.
What Is the Net Worth of NerdiT Now?
In 2019, the worth of this company was $750,000. In recent times, this company is growing very well. NerdiT Now is estimated to be worth $1.6 million. They have donated many of the devices to non-profit organizations.
Is NerdiT Now Still In Business?
They have improved a lot since Shark Tank. They have introduced NERDiT kiosks, in which users will leave their broken phones and computers and after 1 hour their devices will be repaired and given.
The current headquarter of this company is in Wilmington, Delaware, United States and 2-10 employees are working in it according to the LinkedIn account.
Yes, NerdiT Now is still in business as of April 2023.