No-Phone was introduced as a device that is designed for those people who spend too much time on their smartphones. It is introduced by two young entrepreneurs Van Gould and Chris Sheldon in ABC’s famous reality show Shark Tank.
No-Phone cannot function as a normal phone as they don’t have call features nor a camera and has no screen, not any music, or even WIFI. A selfie mirror is introduced as an upgrade that sticks with the No-Phone that is used as an accessory to help you see yourself whenever you use it.
The whole thing is nothing but just a flat piece of hard plastic, that is molded and shaped in a smartphone’s shape. Additionally, this device is available from its owners in bundles for different parties having different sizes.
Their Kickstarter pages show that “The No-Phone provides a technology-free alternative to constant hand-to-phone contact that allows you to connect with the real world.”
NoPhone at a glance:
| Episode | Season 7, Episode-23 |
| Founder | Van Gould and Chris Sheldon with Ingmar Larsen and Ben lengeveld. |
| Idea | Dummy-plastic-phones. |
| Asked For | $25,000 for 25% of equity. |
| Accepted Deal | No-Deal. |
| Sharks | No-Sharks. |
| Business Status | In-Business. |
| Website | NoPhone |
| Buy on Amazon | Buy Now! |
Index:
Founder Story:
The NoPhone was founded and invented by two young entrepreneurs Chris Sheldon and Van Gould, two advertising creatives from Barton F. Graf, working in New York City.
One-Day when they meet in a rooftop bar in NYC. They saw that everyone was looking at their phones. Phone addiction is real. It’s all around us and it’s getting worse day by day. Tables are lighted by smartphone screens instead of candles. They go to concerts in person and watch out that there is a sea of screens in front of them.
They created No-Phone a problem solver for those who have addicted to their smartphones. After introducing it to ABC’s reality Show Shark-Tank. they were interviewed by various news channels such as CNBC etc. They explain their view and ideas behind the product.
Did NoPhone get a deal on Shark Tank?
They presented their product in front of the Sharks and tries to convince them to grab an investment proposal they explain their reason and vision for making this product also the story behind it to grab the attention of the sharks. They asked for $25,000 for an exchange of 25% of their company.
They explain their sales as:-
- They already sold over 31,000 of No-Phone units before appearing in the show.
- They also ruined a Kickstarter Campaign where they reaches more than 4 times her target profit.
- They sell each unit at $12 and its selfie option at $18.
- They are able to generate the sale of $42,000.
- They sell through their online store.
Sharks don’t find any relevant point in her product and feel that they valued their company far more than what it is at the time of the Show. Therefore all the sharks backed themselves and they don’t receive any deal on Shark Tank.
What happened to No-Phone after Shark Tank?
After the show, it becomes very popular not for that. They cannot take any investments but for their product, as there is just a piece of plastic that is shaped in a smartphone model.
Peoples have curious about the product for that they started purchasing it. The sales of her product are increased 10 times as before the show and it gains a massive gain in its revenue. Although it is still considered a fake and gimmick product it acts like a baby toy only.
Forbes features it on their website as a “fake phone company” that appealed to Shark-tank. the company is still active and selling its products on its website. The website now offers No-Phone Air at just $5. They are empty plastic boxes that are converted into a smartphone model. Also, Amazon Prime members can buy the No-Phone T-shirts.
The net worth of the company was at $100,000 at the time of Shark tank appearance has increased to $15 Million in 2021.
Competitors of NoPhone:
There are no competitors are found for No-Phone as the product and market segment both are new to the market and they have their patent that no one other them him can produce.
Net Worth of NoPhone:
The net worth of the company was at $100,000 at the time of Shark Tank’s appearance as per the founders and now increased to $15 Million as of November 21.
Is NoPhone is still in business?
Yes, the company is still in business and selling its products on the market. Also, the valuation of the company was at $100,000 at the time of Shark Tank appearance has increased to $15 Million in 2021.
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What is NoPhone?
No-Phone was introduced as a device that is designed for those peoples which spend too much time on their smartphones. It is introduced by two young entrepreneurs Van Gould and Chris Sheldon in ABC’s famous reality show Shark Tank.
Who founded NoPhone?
The NoPhone was founded and invented by two young entrepreneurs Chris Sheldon and Van Gould, two advertising creatives from Barton F. Graf, working in New York City.