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Tactibite Fishcall Shark Tank Update

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Tactibite Fishcall is a small, mobile speaker that mimics the sound of feeding and schooling fishes to attract first and capture them. These mobile speakers are mounted on a hard surface and are called ‘tactile transducers’. The fishermen need to fish near these speakers to catch more good and healthy fish. The product looks like a can of beer and weighs only around a pound. This product is sold for $99.99.

Tactibite Fishcall offers a mobile speaker, anchor, and anchor line in one pack. Many fishermen were in doubt before using the product and were questioning whether it would work or not, but after using it, they gave great reviews and would love to use it in the future too. The business was started with a Kickstarter campaign with a goal of $10,000 and it raised about $112,573 and hence, was proved to be pretty successful.

Tactibite Fishcall at a Glance:-

IdeaElectronic gadget to catch a fish.
FoundersJeff Danos and Jack Danos
Asked For$150,000 for a 10% equity
Accepted Deal$150,000 for 10% equity
SharksRobert Herjavec
Business statusIn Business
Episode No.Season 8, Episode 2
WebsiteTactibite Fishcall
Buy on AmazonBuy Now!

Index:

Who are the founders of Tactibite Fishcall?

Jeff Danos and Jeck Danos are the founders of Tactibite Fishcall. When Jack was only 15 years old, he drew this product with the help of a 3D printer. After a few years, Jack and Jeff came together and brought it to the market with a successful campaign program and raised $112,573.

https://www.youtube.com/watch?v=W6m4lhyhR6A

The duo of father and son made a design into reality. Jeff shared that, like any other fisherman, he also never felt satisfied after fishing as there were many times when he caught only a few fish and decided to take their creation onto the market. Jeff and Jack both love to do fishing and now they are helping others to enjoy it with ease.

Did Tactibite Fishcall get a deal on the Shark Tank?

Jeff and Jeck came on the show seeking an investment of $150,000 for 10% equity in the business. They demonstrated their whole business concept and presented their business in front of sharks. They distributed samples to the sharks. All the sharks were super impressed by Tactibite. Jeff shared that before coming to the show they had sold products worth up to $330,000 in just five months.

Daymond  John shared that he loves fishing and he goes 6 times a month because he enjoys it. The duo shared that they had an inventory worth $500,000. After a few more details, Kevin O’Leary gave an offer of $150,000 for 20% equity in return. Daymond John gave the same offer as Kevin. Lori Greiner also jumped in and gave an offer of $150,000 for 15% equity. Jeff and Jeck gave a counteroffer of $200,000 for 15% equity in the business. Lori disapproved of the counter.

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Mark Cuban came out by saying this is not for me. Robert Herjavec entered and gave what they asked for $150,000 for 10% equity in exchange. Lori Greiner matches Robert’s offer. Jeck asked them to come together. Lori declined the suggestion. Jeck and Jeff say yes to Robert and make a deal with him as he gave them what they asked for.

What happened to Tactibite FishCall after the Shark Tank Show?

After the show, once the show aired, Tactibite Fishcall got a huge addition of new customers on their website. Unfortunately, the deal made on the show between Robert Herjavec and the founder of Tactibite Fishcall was never closed. Once the show aired, Tactibite released $2 million in sales in a year. 

The deal wasn’t made as they went so high in sales that they didn’t need any investment ahead. During the pitch, Tactibite Fishcall had a valuation was $1,500,000 and the deal offered by Robert Herjavec offered the same valuation of $1,500,000. After the show, they had good sales, which saved the equity of Tactibite Fishcall.

After the show, they were also recognized by some popular platforms and are available on Amazon too. The maximum sales of Tactibite are generated through direct order orders on their official website. Tactibite Fishcall costs $16 to make and sells for $99.9 on the retail market and Amazon. As of 2022, they are doing great in the market. Further updates will be done when identical.

Competitors of Tactibite Fishcall are:-

Competitors of Tactibite Fishcall are unidentified. There are many other alternatives to fish catching. As there are many other modern techniques and equipment for going fishing.

What is the net worth of Tactibite Fishcall?

The estimated net worth of Tactibite Fishcall is $5 million. The valuation during the show was $1.5 million and was offered the same valuation offered by Robert.

Is Tactibite Fishcall still in business?

Tactility Fishcall is still in business and is doing great. They did so well in sales that they didn’t share their equity after the show. BizzBucket wishes them a long journey ahead.

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FAQs:

What is Tactibite Fishcall?

Tactibite Fishcall is a small, mobile speaker that mimics the sound of feeding and schooling fishes to attract first and capture them. These mobile speakers are mounted on a hard surface and are called ‘tactile transducers’.

Who founded Tactibite Fishcall?

Jeff Danos and Jeck Danos are the founders of Tactibite Fishcall. When Jack was only 15 years old, he drew this product with the help of a 3D printer. After a few years, Jack and Jeff came together and brought it to the market with a successful campaign program and raised $112,573.

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