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Qeepsake Shark Tank Update

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Qeepsake is a digital baby journal. Many parents, especially in this generation, want to keep a journal where they can note the small milestones and growth stages of their babies but managing a baby is a task enough. So, does that mean they cannot note down their baby’s achievements?

No, because that’s where Qeepsake kicks in. A parent can easily enter whatever they need to, with a picture, in the app and the data will be stored. The app also asks two questions or four questions related to their kid’s growth every day like a text, depending on the kind of subscription, and the parents just need to answer them with a picture of their kid. It takes $40 for two questions per day for a year and $90 for four questions per day for a year.

Qeepsake at a Glance:-

IdeaJournaling applications for babies
FoundersJeff McNeil
Asked For$350,000 for 10%
Accepted DealNo deal
SharksNo Sharks
Business statusIn Business
Episode No.Season 9, Episode 7
WebsiteQeepsake
Buy on AmazonBuy Now!

Index:

Who are the founders of Qeepsake?

Qeepsake was founded by the couple Jeff and Stephanie McNeil. They have five kids and wanted to store small milestones in a journal but did not have any time on their hands to do so. So Jeff, being skilled at web designing and developing, created the Qeepsake platform. Stephanie is a nurse and she helped her husband develop the app.

They used the texting method in their app which is popular and convenient these days so that people can store their kid’s little steps. They created Qeepsake in such a way that the parents can keep storing data about their kids with pictures and then print out a book whenever they want to. McNeils only wanted a shark’s help to make Qeepsake available to the general public.

Did Qeepsake get a deal on the Shark Tank Show?

Jeff Mcneil came on the shark tank seeking an investment of $350,000 for 10% equity in his business. Jeff started his pitch by introducing himself and then, explaining how Qeepsake works and is valued in the market. Jeff explained his Unique selling proposition and handed samples to the check. Keepsake generates its major revenue through the subscription it provides to the users.

When a shark asked about the sales figures, Jeff shared the total sales for four months which was $250,000 in revenue. Jeff shared they have 4000 active users on their platform. After his pitch, Barbara Corcoran came forward and shared that she can’t help him to go throughout and therefore she’s out. Kevin O’Leary showed up with a sharky offer of $350,000 for 20% equity in the business. Mark Cuban found huge competition in the market and therefore he went out.

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Lori Greiner felt she wouldn’t be the right partner to come in and Jeff understand her. Jeff gave a counteroffer to Kevin O’Leary of $350,000 for 12% equity in the business. Chris jumped in and gave an offer of $350,000 for 20% equity. Jeff counter Chris with 14% equity for an amount he pitched for. Kevin O’Leary took it personally and went out. Chris didn’t buzz to his counter and Jeff didn’t want to give up so much equity in his business. No deal was made on the show and the pitch get closed.

What happened to Qeepsake after the Shark Tank Show?

Their appearance on the show is still a memorial day for the founder as when the show aired they made an outstanding amount of sales. After the show aired, they raised $900,000, and more than 100,000 users were added. Qeepsake appeared in season 8 where Jeff rejected the deal as he didn’t want to give up high equity.

After the show, they also developed their application which captured more sales. During the pitch, they came up with a valuation of $3,500,000 which the sharks rejected. Kevin and Chirs have offered two valuations but were denied by Jeff. In 2021, they had a wonderful year as the Punchbowl founder came forward and invested in Qeepskae. In August 2021, they get a deal with a huge baby formula maker and by September 2021, they had partnered with Project Sweet peas. Along with the addition of investors and partners, Qeepsake was enjoying high revenue too. In November 2021, they got awarded by Parent Picks Awards as Best Preschool Products. Mom choice awards gave them another brand name a Gold Award.

Qeepsake offers various plans and pricing, One year Plus membership costs $47.88 and a One-year Premium membership costs $95.88. As of 2022, they are having more plans in their pocket.

Competitors of Qeepsake are:-

  • Lifecake
  • Tinybeans
  • 23Snaps

What is the net worth of Qeepsake?

They pitched for a valuation of $3.5 million which was denied by the sharks. The current estimated net worth of Qeepsake is more than $5 million.

Is Qeepsake still in business?

Qeepake is still in business and is doing great in sales. They received two famous awards a few years back. After the show, they launched their application. They had their best year in 2021, as many investors and partners joined them. Bizz Bucket wishes them good luck for future growth.

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FAQs:

What is Qeepsake?

Qeepsake is a digital baby journal. Many parents, especially in this generation, want to keep a journal where they can note the small milestones and growth stages of their babies but managing a baby is a task enough.

What's the net worth of Qeepsake?

They pitched for a valuation of $3.5 million which was denied by the sharks. The current estimated net worth of Qeepsake is more than $5 million.

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