What Happened To Yono Clip After Shark Tank?

In Shark Tank Season 12, Episode 12, a portable suction hanger called the Yono Clip was introduced. Simply put, this product allows you to hang any bag securely anywhere.

The Yono Clip has been a successful product and received substantial funding from Shark Tank. The founders asked for $150,000 in exchange for 15% of the company’s shares.

Let’s explore what Yono Clip achieved from its appearance on Shark Tank Season 12 and how this product can continue to grow. During the pandemic, many new products have entered the market, and Yono Clip stands out as a useful option.

Yono Clip is a small startup based in the United States that manufactures portable suction hangers for a variety of applications. If you travel or need to store your bag without touching germ-infested surfaces, this product is perfect for you.

This product provides an ideal solution for keeping your belongings off the ground. For instance, if your bag gets dirty, and you don’t want to place it on your home’s floor, the Yono Clip offers a great alternative. You can use this product at the office, at home, or while traveling to hang your belongings conveniently.

If you’re interested in purchasing this clip, it comes in three colors: red, black, and pink. You can choose whichever color you prefer.

Yono Clip Get Deal’s In Shark Tank

The founders of Yono Clip, Michael Green and Bob Mackey, presented their business idea on Shark Tank with a compelling motivational story. They asked for $150,000 in exchange for 15% equity in their company.

Regarding the sales of the Yono Clip, the founders reported $14,500 in sales over two months. Their effective marketing strategies contributed to achieving these impressive sales figures in such a short period.

The founders launched a Kickstarter campaign for their business, raising $10,000 in just one day. Of the $14,500 in sales, $10,000 came from Kickstarter, while the remaining $4,500 came from their website and gym sales.

In 2021, the founders were manufacturing the product through 3D printing in their garage, costing about $10 per unit and selling each for $20. At the initial stage, they produced 10-15 products per week.

Barbara Corcoran mentioned that this is a highly competitive industry and that the product isn’t in high demand, so she decided not to invest. Mark Cuban also declined, stating that the product didn’t seem like a significant investment opportunity. Kevin O’Leary mentioned he couldn’t invest because he was already an investor in a similar product, Deskview. Lori Greiner expressed doubts about the product’s uniqueness and functionality, so she also opted out.

However, Daymond John showed interest in the Yono Clip, stating that although the product needed further development, he was willing to invest $150,000 for 50% equity. After some negotiation, he revised his offer to $150,000 for 30% equity. The founders countered with a proposal of $150,000 for 20% equity.

During the negotiations, Kevin O’Leary remarked on the challenges of scaling this business, while Barbara Corcoran emphasized the importance of having a strong partner to help the company grow. She acknowledged that Daymond John could be that loyal partner.

After discussing the startup’s gross margins and monthly income, Daymond John finalized his offer to invest $150,000 in exchange for 30% equity in the company.

Yono Clip Shark Tank Update

Yono Clip gained significant exposure and growth after appearing on Shark Tank. The startup received free marketing and funding, which contributed to its success. Following its feature on the show, Yono Clip even received a coffee order. The product is priced at an average of $20.00.

During the pandemic, Yono Clip saw a surge in sales, which increased its net worth and valuation to $450,000.

After Daymond John became a partner in the company, the growth trajectory changed significantly. When Yono Clip appeared on Shark Tank, it was still in its early stages and had not yet invested in social media marketing, branding, or trademark registration.

Daymond John had promised that once the deal was signed, his team would handle all these aspects. As a result, Yono Clip successfully registered its trademark in September 2020.

Yes, this Yono clip is running its business very well even in October 2022.