Tenikle Shark Tank Update (Season 13)

Tenikle is a suction cup tripod that can be mounted on any flat surface. This versatile mount holder can securely hold phones, cameras, tablets, lights, and more.

The tripod can support approximately 30 pounds when attached to a flat surface. It offers 360-degree movement and flexibility for various angles.

Tenikle comes in three colors: red, black, and teal. The price for the tripod is $45. The company has also launched the Tenikle 360 Universal Mount and the Kodiak Kompanion Work Light, priced at $80.

You can purchase these suction cup tripods on Amazon and the company’s website.

Company NameTenikle
FounderHans Dose
FoundedJan 2017
ProductPortable suction cups tripods
Asked For$200k for 10% Equity
Final Deal$200k for 30% Equity
SharkDaymond John
Episode (Shark Tank USA)S13 E9
Air DateDec 17, 2021
Business StatusIn Business
WebsiteVisit Website
HeadquartersSan Diego, California, United States
Lifetime Worth (Sales)$2.8M *estimated
Go To AmazonBuy Now
Watch OnAmazon Prime

 Another Shark Tank Pitch

Who Is The Founder Of Tenikle?

Hans Dose is the founder and CEO of Tenikle, a company he launched in 2017. As a professional designer, Dose has worked for many years with brands like Billabong and Hurley.

How Was The Shark Tank Pitch Of Tenikle?

Hans Dose entered Shark Tank wearing an octopus costume, seeking $200,000 for a 10% equity stake in Tenikle. He energetically explained his product to the sharks.

The production cost of the tripod is $6.08, while it retails for $45, resulting in a high profit margin. So far, he has sold a total of 40,000 units, generating $1.3 million in sales in 2021.

The product was patented in 2015, and Dose shared the prototype with friends and family, who responded positively. Currently, he has released the Generation 4 Tenikle, as Version 3 faced issues with its suction cup, resulting in a 3.7 rating on Amazon.

Dose is currently $270,000 in debt. His sales totaled $478,000 in 2020, but last month, he only made $9,000 in sales. He has an inventory valued at $111,000 and just $39 in cash in the bank.

Kevin O’Leary stated, “It’s not a situation I want to put myself into,” and opted out. Lori Greiner acknowledged the product’s potential but decided it wasn’t the right investment for her.

Robert Herjavec offered to pay off Dose’s $270,000 debt and provide an additional $100,000 in cash for 60% equity in the company. Daymond John then offered $200,000 for a 33.3% equity stake but later revised his offer to 30%. Mark Cuban commented that Daymond’s offer was reasonable, indicating he was out.

Hans countered Daymond’s offer with a proposal for 25% equity, but Daymond insisted on keeping 30%. Ultimately, Hans agreed to Daymond’s offer.

Finalize: Daymond John invests $200K in “Tenikle” for 30% equity.

Tenikle Shark Tank Update

Tenikle secured a deal on Shark Tank with Daymond John investing in the company. Founder Hans Dose delivered an impressive pitch that resonated well with the sharks.

By December 2021, the company’s total lifetime sales exceeded $1.3 million. Following the Shark Tank episode, many customers purchased the product and expressed their satisfaction.

Daniel Lubetzky tweeted about Tenikle, further boosting its visibility.

Yes, Hans is in a huge cash bind. But when u have a great product such as ⁦ @Tenikle and an entrepreneur that is so earnest, hard working and full of initiative, you can get out of the hole! #SharkTank Love ⁦⁦ @TheSharkDaymond ⁩ comment about how this is when it matters

@DanielLubetzky

On April 9, 2022, the company’s performance report was released, indicating sales of $375,000 since appearing on Shark Tank. After the episode aired, all products sold out within five minutes. The company also entered into a strategic partnership with Litezall, led by Cody Grandadam. This report reflects performance six months post-Shark Tank.

Currently, Hans is searching for a new home, as he has been living in his car for the past few years.

In September 2022, Daymond’s one-year deal with Tenikle was completed. Hans celebrated this milestone by posting a video on social media.

Within five minutes of the Shark Tank episode airing, all tripod products were sold out, prompting customers to begin pre-ordering.

As of December 2022, Daymond had not closed the deal with Tenikle, and the company’s estimated annual sales were projected at $2 million.

We will continue to follow Hans Dose and Tenikle for further updates.

What Is Tenikle Net Worth?

After appearing on Shark Tank, the founder valued his company at $2 million. Tenikle secured a deal worth $666,000 during the show. Hans developed a successful product, and Shark Tank played a crucial role in boosting its sales.

Yes, Tenikle is still in business as of April 2024.

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