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Tenikle Shark Tank Update

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We have always faced the trials of the car phone stand, it always falling off when needed, or not sticking properly among others.

But now, Hans Dose, with his idea, has taken inspiration from one of nature’s superheroes, the octopus, by creating a phone stand that uses suction cups with flexible arms like tentacles that serve a variety of uses, saving time and effort. The name of this item is the Tenikle and Hans has come to the shark tank to “stick to” a deal.

Will the sharks want to stick with him or move over to the next entrepreneur and idea? let’s find out.

Tenikle at a glance:

Business ideaPhone stand/tripod with suction cups like tentacles.
FounderHans Dose
Asked for$300,000 for 10%
Accepted deal$300,000 for 30%
SharksDaymond John
Business statusIn business
EpisodeSeason 13, Episode 11
WebsiteTenikle
Buy on AmazonBuy Now!
Tenikle at a glance.

Index:

Founder Story:

The founder of Tenikle, Hans Dose, came up with the idea of a phone stand/tripod using suction cups with help from his wife Lydia. Once when they were out trekking, Hans tried to take a picture by keeping the phone stand on a branch, but the branch snapped and fell, dealing Hans’ phone a nasty crack.  

Then while coming home, he kept his phone on the car mount and thought about how he could create a phone stand that can also double as a tripod, and took inspiration from the octopus to give it suction cups for it able to stick to surfaces more efficiently.

Hans then made a prototype and gave it to friends and family and they loved it as they found new uses for it, after which he had a successful Kickstarter campaign of $172,000 and then decided to set up his company around his idea and now comes to shark tank to secure a deal.

Did Tenikle get a deal on Shark Tank?

Hans Dose introduces himself to the sharks, asking for $200,000 for 10% of his company. He explains that there are many phone stands in the market, but they are not able to serve more than one purpose, and says how his item can act as a stand for phones, cameras, tablets, and other devices while being used for cars, motorcycles, or bikes with the help of unique suction technology inspired by the octopus under the sea.

He gives some samples of the type 4 item to the sharks and says that the manufacturing cost of the product is $6.80 and it is sold at $45, with 40,000 units sold and over $ 1.3 million in sales, which excites the sharks even more. He later tells the sharks about how he got the idea and started his company after leaving his dream job and how he had made 3 versions of the item which the customers didn’t like as much because of issues with the suction cup, leaving him with around $270k in debt, which shocks the sharks.

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Product sales also started to dip in 2020 after the initial burst during Covid-19, and Hans, unfortunately, made a bad decision where he brought in too much product, but it left him with too little marketing capital, which resulted in less exposure and sales. The sharks then advise him to use more cost-effective means of marketing.

Lori, Kevin, and Mark all back out because they don’t want to invest. Robert puts forward a deal where he will first pay off the debt of $270k and then give Hans $100k to reboot the company but for a shocking 60% of the company, which he may share with other investors for the company. Daymond then comes to the rescue with another deal as understands what Hans I going through, but he wants 30% of the company. Hans tries to counter with 25%, but Daymond doesn’t budge. Hans then agrees to 3% and they shake hands.

What happened to Tenikle after Shark Tank?

Even though the deal with Daymond was agreed upon, it is still under process. The company had experienced the well-known shark tank exposure boost and increased its sales a lot but we do not know anything regarding any other events that may have taken place regarding the company after its products were sold out on Amazon a few days after the airing on Shark tank.

Product details:

  • The product is a phone stand/tripod that can be used for a variety of devices on a number of vehicles, with it being able to curl around the surface or stick to it efficiently due to the unique design of reusable plastic and suction cups.  
  • The products will set you back at around $45, depending on the product, as well as Bluetooth speaker, stands, and other device accessories costing from $9-$90.
  • The company is based out of San Diego, California.

Competitors of Tenikle

Some Competitors of this company are-

  • Yad Electronics LLC
  • DaVoice.net
  • Mobile Empire Accessories
  • Fonus LLC
  • Casetify LLC
  • ZAGG LLC
  • Anker LLC

What is the net worth of Tenikle?

The net worth of the Tenikle was $ 3 million as per the founders when it appeared on shark tank and $900k when the deal was done with Daymond. The net worth is supposedly around $ 1.3 million as of 2022, with over $ 5 million in annual revenue.

Is Tenikle still in business?

Yes, Tenikle is still in business with over $ 5 million in annual revenue with the introduction of their new item, the Tenikle 360, along with a range of other device accessories.

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FAQs:

What is Tenikle?

Tenikle is a phone stand/tripod with suction cups like tentacles.

Who founded Tenikle?

The founder of Tenikle, Hans Dose, came up with the idea of a phone stand/tripod using suction cups with help from his wife Lydia. Once when they were out trekking, Hans tried to take a picture by keeping the phone stand on a branch, but the branch snapped and fell, dealing Hans’ phone a nasty crack.

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