Did you know that the act of kissing your partner can create millions of health benefits like lowering blood pressure, reduction of headaches, fighting cavities, and much more?
Everyone knows Love is a chemistry between two people, but what if that chemistry got a whole other dimension?
Introducing Kisstixx the lip balm that gives that chemistry and a tingle once you kiss. It comes in some dynamic flavors like raspberry and lemonade, Peaches and cream, and Sweet and Sour.
The mixture of flavors will give you a cocktail like never before. The cost of making it is just $0.86 and they cost $3 a unit and 5.99 a box (that is a pair of two). So try one today!Ā
KisstixxĀ at a glance:
- A lip balm that provides extra chemistry and tingle once you kiss.
- Founder:Ā Dallas Robinson and Mike Buonomo
- Asked ForĀ $200,000 for 20%Ā atĀ a $1 million valuation on Shark Tank.
- Received $200,000 for 40% from Mark Cuban.
Index:
Founders Story:
The company is founded and headed by DallasĀ RobinsonĀ and Mike Bounomo in 2010. The founders had met in high school and they came up with this product as they were about to finish high school they started this business. When they were in high school they started by hanging out on the beach and they wanted all the cute girls to kiss them. They soon found this to be difficult.
They soon knew that the aim of the products was to bring up the chemistry between the lovers and give a tingling sensation once used. They formulated some admirable flavors like Peach and Cream, Fire and ice (bestseller), Strawberry daiquiri and Pinacolada, and many moreā¦.Ā
Kisstixx at Shark Tank:
The duo entered the shark tank with a familiar story but left with a bang. This episode was probably the most happening most memorable show where they finally struck a deal the thing happening about it was that two of the investors kissed each other for demonstration purposes which made both of them out on the deal(Kevin and Barbara).
Later the immigrant tycoon Robert wanted to make an offer but soon lost the chance as Mark Cuban caught the deal up for grabs and offered $200,000 for 40% equity in the company. They soon or later agreed to the deal and the duo was excited to work with him.Ā Ā Ā
What Happened to Kisstixx After Shark Tank?
Right after their episode aired, Kisstixx had overwhelming orders that they could not fill. The new volume even crashed their website. The Duo sent out samples to distributors and ended up getting into a bunch of new deals in new stores.
Kisstixx is featured in food stores like Harmon, Kmart, and even Krogers. Since 2015 there has not been much activity on their social media sites. Few Kisstixx is still available on Amazon. Shortly after shark tank, they shifted the business view to other ventures.
After appearing on Shark Tank, KISSTIXX gained significant popularity and saw a spike in sales. However, the company faced challenges with production and distribution, leading to delays in fulfilling orders.
Despite efforts to improve operations, the company eventually went out of business. The KISSTIXX website is no longer active, and the product is no longer available for purchase.
Kisstixx net worth:
Kisstixx was valued at around $500,000 at the time of their Shark Tank appearance. The deal with Walgreens a drug and cosmetic company increased their sales by getting a gross inventory to sell in 7500 stores around America and estimating their sales to be $167,000 in the next year.
They are already in stores like Krogers, Amazon, and many other sites online for boosting sales. It is a fact that the business has stopped functioning but you can still buy a Kisstixx from amazon at $5.99.Ā
Investors in Kisstixx:
| Investor Name | Investment Type | Investment | Stake % | Valuation |
| Mark Cuban | Angel | $200,000 | 40% | $5,00,000 |
Mark Cuban:
Mark Cuban is an American billionaire entrepreneur worth $4.3 Billion. Very well-known television personality, and media proprietor. Ranked as per Forbes on #177 in the 2020 Forbes 400 list.
Product Analysis:
The product saw a lot of sales in the 2nd year of production. But then saw a drastic fall. This spike in the second year was due to their deal with Walgreens a drug and cosmetic company that made a deal to increase their sales by getting a gross inventory to sell in 7500 stores around America and estimating their sales to be $167,000 in the next year.
Did Kisstixx go out of business?
The company after the shark tank saw a drastic fall. Their sales went drastically down as seen in the graph. This resulted them in seeing no profit in the company and sort to other startups or trying out new ventures.
The two of them left Kisstixx and started another company. Kisstixx does not continue to be profitable and a growing business post-Shark tank episode. Actually, it is out of business.
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FAQs:
What is Kisstixx?
Kisstixx is the lip balm that provides extra chemistry and tingle once you kiss. It comes in some dynamic flavors like raspberry and lemonade, Peaches and cream, and Sweet and Sour.
Who founded Kisstixx?
Kisstixx was founded and headed by DallasĀ RobinsonĀ and Mike Bounomo in 2010.
