Tik Pik is a revolutionary guitar pick that utilizes nano-suction technology, allowing it to adhere to the guitar like a magnet while providing a comfortable grip for your fingers.
The unique design ensures that the pick does not slip, making guitar playing easier and more enjoyable. Tik Pik is available in three styles: small, medium, and heavy. Pricing options include:
- Single Pick: $9.95
- Three-Pack: $19.95
- Six-Pack: $29.95
You can purchase Tik Pik on Amazon.
Company Name | Tik Pik | |
Founder | Nick Nowack and Kevin McDonald | |
Founded | 2022 | |
Product | Magical guitar pick | |
Asked For | $75k for 10% equity | |
Final Deal | $75k for 16% equity | |
Shark | Mark Cuban | |
Episode (Shark Tank USA) | S15 E6 | |
Air Date | Nov 3, 2023 | |
Business Status | In Business | |
Website | Visit Website | |
Headquarters | Nashville, Tennessee, USA | |
Lifetime Worth (Sales) | $0.2M *estimated | |
Buy and Watch | Buy Now | Amazon Prime |
Another Shark Tank Pitch
Who Is The Founder Of Tik Pik?
The founders of Tik Pik are Nick Nowack and Kevin McDonald, both of whom are musicians with experience in stage performances.
- Nick Nowack is a singer, songwriter, and producer. He is also the founder of Skog Å Coast and the co-founder of Breakers Beach Supply.
- Kevin McDonald is a songwriter known for writing the song “Granny Drinks Whiskey.”
In addition to Nick and Kevin, Tik Pik has three other partners: Jacob Lyda, Mike Stalnaker, and Nicholas Wolfs.
How Was The Shark Tank Pitch Of Tik Pik?
Nick Nowack and Kevin McDonald appeared on Shark Tank, asking for $75,000 in exchange for 10% equity, valuing their company at $750,000. They presented the Tik Pik product to the sharks in a musical format.
Nick’s father, George Nowak, is better known as “The Barefoot Man,” a popular singer and songwriter.
The duo launched sales in October 2022, and by June 2023, they achieved total sales of $60,000. The landed cost for a six-pack is $2.44, with a wholesale price of $15 and a retail price of $29.95.
By the end of 2023, they anticipate reaching $120,000 in sales and a profit of $20,000. Of their sales, 85% are direct to customers, while 15% come from wholesale.
Mark Cuban made an offer of $75,000 for 10% equity, which was time-sensitive. Nick and Kevin quickly accepted this offer.
Sharks Offers list!
Sharks | Offers |
---|---|
Robert Herjavec | No Offer |
Kevin O’Leary | No Offer |
Mark Cuban | $75k for 16% equity [Limited time] |
Daymond John | No Offer |
Lori Greiner | No Offer |
Final Deals | $75k for 16% equity |
Tik Pik Shark Tank Update
Tik Pik successfully secured a deal on Shark Tank, with Mark Cuban investing in the business. Interestingly, Mark Cuban’s wife, Tiffany Stewart, enjoys the music of “The Barefoot Man.”
Currently, detailed information about the product is limited, but we will keep you updated on all developments related to this business.
During their pitch, Nick and Kevin shared their friendship and entrepreneurial journey with the sharks. They highlighted the features of their innovative guitar pick and provided insights into their sales performance thus far.
What Is Tik Pik’s Net Worth?
Tik Pik has an estimated net worth of $0.1 million. This patent-pending product is a valuable plectrum for many guitarists, and it has likely been used by numerous musicians. However, the market size for plectrums is relatively small, leading to limited consumer interest in purchasing this product.
Annual Revenue by Years
Note: This report is based on our research and data so far. In this, we are only estimating the annual revenue.
Years | Annual Revenue |
2022 – 23 | $120k *estimated |
Funding Reports to Date!
Years | Funding Amount | Investor |
2023 | $75K | Mark Cuban |
The official address of the business is Nashville, Tennessee, United States, and it currently employs around five people.
Yes, Tik Pik is still in business as of April 2024.