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Calm Strips SharkTank Update

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Stressed out and looking for a natural solution? Look no further than Calm Strips, the innovative stress relief aid that took the Shark Tank stage by storm.

Created by a team of entrepreneurs passionate about wellness, Calm Strips offer a unique, drug-free way to reduce stress and anxiety in any situation. But what happened to Calm Strips after they faced the sharks? Let’s take a closer look.

Calm strips are basically textured strips of paper with sensory technology and an adhesive that allows them to be stuck at the back of any device. The founders behind Michael Malkin and luce fuller. Are proud to say that the product can be taken anywhere to reduce stress and invite calm for better productivity. 

The product is a remedy to some of the problems that Michael faced in his job. Using the technology of tactile calming devices that have been here for a long he devised an idea to invent calm strips giving them a different look and feel.

Calm strips at a glance.

Business ideaTextured sensory adhesives that help reduce anxiety and restlessness
FounderMicheal Malkin and Luce Fuller
Asked for$250,000 for 10%
Accepted deal$250,000 for $2.5 per item sold until $250,000 is recouped, then $1.50 until $750,000 is paid.
SharksRobert Herjavec
Business statusIn business
EpisodeSeason 13 Episode 13
WebsiteCalm strips
Buy on AmazonBuy Now!

Index:

Founder Story:

Michael was feeling stressed out at work and as a result, used to drum on the surface of his table, and people used to say are you a drummer. Then a friend advised him to stick tape on his fingers to reduce the stress but this just made his hands stickier. After heeding the advice given by many he finally decided to develop his own solution.

The Calm strips are a remedy to some of the problems that Michael faced in his job. Using the technology of tactile calming devices that have been here for a long he devised an idea to invent calm strips giving them a different look and feel.      

Did Calm strips get a deal on shark tank?

There was surely a need for the product calm strips brought as the two owners of Calm strips were totally stressed out about missing a deal let’s find out why? The inventor and director of calming strips entered the shark tank asking for an investment of $250,000 for 10%.

They started off by telling how the product helps beat anxiety issues and the adhesive properties of the product. Next samples are distributed and the reactions were unique.

Starting off with Daymond who did not understand the concept. Luce explains that 100,000 people get the idea and have purchased the product so far, after purchase the return rate is less than 1%. The cost to make a five-pack of soft textured adhesives is $1 while to make river rock textured ones it is $2.

The sales so far are $2.5 million. Kevin loves the product. Daymond is the first one to go out on a deal because he doesn’t get the concept. Mark is next as he thinks it’s hard to scale the product, he’s out. Robert offers $250,000 for 35%. Kevin offers $250,000 $2.50 per unit sold until $250,000 is paid back plus $1.50 per unit till perpetuity.

See also  What Happened to Big Mouth Toothbrush after Shark Tank?

Robert counters and says he wants $2.50 per unit sold and $1.50 till he gets paid $750,000. Micheal is interested in what Lori has to say, Robert goes out. Lori is interested in 8% of the company and wants to match Kevin’s offer. Micheal counters to Robert for 20% equity and he says no. He is asked whether he will do the original deal the answer is yes, they team up with Robert.

What happened to Calm Strips after Shark Tank?

The flooding of orders saw no end after they aired on shark tank. The sales suddenly spiked and they were popular. Now they are in 30 mom-and-pop stores around the country. They have also helped kids in schools reduce anxiety with around 3000 schools using the product.

After appearing on Shark Tank, Calm strips continued to grow and expand their product line. They developed new flavors and packaging options, as well as launching a line of “Sleep” Strips. They also secured partnerships with several major retailers and online stores, including Bed Bath & Beyond and Amazon.

In 2019, Calm Strips was acquired by Wellquest, a company that focuses on developing and marketing consumer health products. Today, Calm Strips continue to be a popular choice for those looking for a quick and convenient way to help reduce stress and improve sleep.

Product details:

  • The company introduced products like Calm circles, Calm strips, and Calm shapes to carry with you everywhere.
  • The company has developed two textures of the strips: river rock, which is more robust while the soft ones are smoother to the touch.
  • The product is a beautiful amalgamation of touch and tactile technology.
  • The product has sensory technology as well.
  • They have samplers, starter kits, new releases, and limited collections to help you keep calm inevitably.
  • They also have a section of accessories that allow you to carry the strips and stickers with you, like necklaces, carry tags, and many more.
  • The strips are made of hard and durable vinyl.
  • The prices vary for each product.
  • They also sell on Amazon.  

What is the net worth of Calm strips?

At the time of the show, they were looking for a $2.5 million valuation as per the founders. The revenue for the company has come to more than $ 5 million as of today and the net worth of the company is unknown.

Is Calm strips still in business?

Calm strips have many products with tactile technology at your disposal. The business is booming and they have made millions of people calm. They have made a simple idea into a revolutionary business that is taking the world by storm.  

They introduced new products and increased their sales tremendously by making the world a more tranquil place. Life can now be a calmer journey with calm strips!! There are millions of customers still waiting to have a taste of tranquility, so let the calm come to us!!

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FAQs:

What is Calm Strips?

Calm Strips are textured sensory adhesives that help reduce anxiety and restlessness.

Who founded Calm Strips?

Michael was feeling stressed out at work and as a result, used to drum on the surface of his table, and people used to say are you a drummer. Then a friend advised him to stick tape on his fingers to reduce the stress but this just made his hands stickier. After heeding the advice given by many he finally decided to develop his own solution.

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