ZipString is an innovative toy that allows strings to fly through the air. This rechargeable electronic device can launch strings at speeds of up to 35 miles per hour while ensuring safety during use. It offers endless possibilities for tricks and play.
The ZipString features two motors and a battery, which work together to convert the string into a loop. It is available in five vibrant colors: Aqua, Lime, Red, Blue, and Violet.
Each product comes with three string loops of varying sizes. Priced at $27.99, the ZipString can be purchased directly from the company’s website.
| Company Name | ZipString |
| Founder | Stephen Fazio and Austin Hillam |
| Founded | 2021 |
| Product | Toy makes the strings fly in the air |
| Asked For | $100K for a 10% equity |
| Final Deal | $100K for a 20% equity |
| Shark | Kevin O’Leary and Robert Herjavec |
| Episode (Shark Tank USA) | S14 E9 |
| Air Date | Dec 9, 2022 |
| Business Status | In Business |
| Website | Visit Website |
| Headquarters | Johns Creek, Georgia, United States |
| Lifetime Worth (Sales) | $400K+ *estimated |
| Go To Amazon | Buy Now |
| Watch On | Amazon Prime |
Another Shark Tank Pitch
Who Is The Founder Of ZipString?
ZipString was founded by Stephen Fazio and Austin Hillam, with Austin’s father, Mark, also involved in the business. The company was launched in 2021 from the basement of the Hillam family home.
How Was The Shark Tank Pitch Of ZipString?
Stephen Fazio and Austin Hillam entered Shark Tank wearing bodyguard suits, presenting their product, ZipString. They sought $100,000 for a 10% equity stake in their company. During the pitch, they showcased various tricks with the product, such as steps through and corkscrews.
All the sharks found the product intriguing, especially Robert Herjavec. Stephen mentioned that he had posted a video of the toy on social media, which garnered 20 million views in just one day. Additionally, the product appeared on the front page of Reddit in 2021, resulting in 10,000 units sold at that time.
The production cost of ZipString is $6.35, and it retails for $25. However, total sales have reached $277,000, and there were fewer sales after achieving 200 million views due to supply chain issues. Currently, discussions are underway with Walmart in Canada for distribution, where the retail price is set at $14.97.
Lori Greiner opted out, stating it was too early for her investment. Barbara Corcoran also declined to invest. Robert Herjavec offered $100,000 for a 20% equity stake, while Kevin O’Leary proposed $100,000 for 15% equity.
Robert then countered with an offer of $100,000 for the original 10% equity the founders requested. Kevin also offered $100,000 for 9% equity.
Mark Cuban stated that he did not find the business investable, so he withdrew from the deal. Kevin and Robert later approached each other to collaborate, making a joint offer of $100,000 for 20% equity. Austin countered with a request for $100,000 for 15% equity, but Robert declined.
Finalize: Robert Herjavec and Kevin O’Leary invest $100k in ZipString for 20% equity.
ZipString Shark Tank Update
Both Kevin O’Leary and Robert Herjavec became partners, each acquiring a 10% equity stake in the company. Austin stated, “This product is now ready to reach every American home.”
ZipString creates a new category in the toy industry that has not existed before, and many people will recognize its value after trying it just once.
Within two days of the Shark Tank episode airing, all products sold out and went on pre-order. The episode sparked significant interest, leading to numerous purchases, including one from Twitter user @Mikem717.
In the weeks following the episode, Austin and Stephen made an appearance on Dude Perfect. Many customers shared their excitement about the product on Twitter, with @Mikem717 re-ordering ZipString.
The fun and engaging pitch resonated with the sharks, and both Kevin and Robert invested to help the product reach homes across America.
By December 2022, total sales for the product reached $277,000, which seemed low given its popularity. However, the episode significantly boosted online traffic, attracting over 100,000 visitors to the company website within weeks of airing.
We will continue to follow Stephen Fazio and Austin Hillam for further updates on their journey.
What Is the Net Worth of ZipString?
When ZipString appeared on Shark Tank, the company was valued at $1 million. However, after securing the investment, its valuation decreased to $500,000. To the best of our knowledge, this is the first product designed to make strings fly that has yet to be developed.
Yes, ZipString is still in business as of April 2024.
