Tik Pik is a magical guitar pick that sticks to the guitar. A guitar pick is also known as a plectrum. This is a single pick that is used to produce a melodious tune from the guitar. This Tik Pik business was started by two musicians Nick Nowack and Kevin McDonald.
Nick is the Founder of Outdoor Gear Company Skog Å Kust and Co-Founder of Breakers Beach Supply Company. Apart from this, he is an award-winning singer and songwriter. Kevin is a singer.
Both of them are very fond of music and like to play the guitar instrument. They needed a pick with a comfortable, non-slip grip, non-chemical, and easy to handle. That’s why they created Tik Pik.
Both of these friends appeared in Shark Tank Season 15 Episode 6 to market the product and get funding from the shark. They need sharks in marketing the product.
What Is Tik Pik?
Tik Pik is a magical pick made of nano-suction technology that sticks to the guitar like a magnet and is comfortable to hold on the finger.
The grip of this pick does not slip, which makes playing the guitar very easy and this product is available in three styles: small, medium, and heavy. A single pick costs $9.95, a three-pack costs $19.95 and a six-pack costs $29.95. You can buy this product from Amazon.
|Company Name||Tik Pik|
|Founder||Nick Nowack and Kevin McDonald|
|Product||Magical guitar pick|
|Asked For||$75k for 10% equity|
|Final Deal||$75k for 16% equity|
|Episode (Shark Tank USA)||S15 E6|
|Air Date||Nov 3, 2023|
|Business Status||In Business|
|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 Pick business are Nick Nowack and Kevin McDonald. Both of them are musicians and have also done stage performances.
Nick is a singer, songwriter, and producer. Apart from this, he is the Founder of Skog Å Coast and Co-Founder of Breakers Beach Supply.
Kevin is a songwriter and wrote the song “Granny Drinks Whiskey”. Apart from these two, there are three more partners in this business, Jacob Lyda, Mike Stalnaker, and Nicholas Wolfs.
How Was The Shark Tank Pitch Of Tik Pik?
Nick Nowack and Kevin McDonald both asked the Sharks for $75k for 10% equity at $750k Valuation after appearing on Shark Tank. They explained the Tik Pik product to the sharks in a musical way.
“The Barefoot Man” is a popular singer and songwriter and his birthday name is George Nowak. Nick’s father is George Nowak.
They started sales in October 2022 and by June 2023 they completed total sales of $60,000. The landed cost of a six-pack is $2.44, the Wholesale $15, and the retail price is $29.95.
By the end of 2023, they expect sales of $120,000 and a profit of $20,000. 85% is direct to customers and 15% is wholesale sales. Mark Cuban offered $75k for 10% equity. This offer of Mark was for a limited time, so Nick and Kevin immediately agreed to this offer.
Sharks Offers list!
|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|
What Happened To Tik Pik After Shark Tank?
Tik Pik got the deal on Shark Tank. Mark Cuban invested in this business. Mark Cuban’s wife Tiffany Stewart likes the music of “The Barefoot Man”.
What’s new on Tik Pik
Last Update: November, 2023
Right now we don’t have much information about this product. So in this post, you will keep getting every update related to this business.
Tik Pik Shark Tank Update
After entering the shark tank, Nick and Kevin explained to the sharks about their friendship and business journey. They gave the Sharks information about the features of their guitar pick product and the sales so far.
What Is Tik Pik’s Net Worth?
Tik Pik’s net worth is estimated at $0.1 million. This patent pending product is a good plectrum for many guitarists and many guitarists must have used this product. But the market size of Plectrum is small and there are few people who are interested in buying this product.
Is Tik Pik Still In Business?
Tik Pik is a revolutionary product according to the founder and this pick is completely comfortable for every guitarist.
The official address of this business is Nashville, Tennessee, United States, and about 5 people are working in it.
Yes, Tik Pik is still in business as of November 2023.
frequently asked questions
Who founded Tik Pik?
Tik Pik was founded by Nick Nowack and Kevin McDonald.
Did Tik Pik get a deal on Shark Tank?
Yes, Tik Pik got the deal on Shark Tank.