The one-of-a-kind solution to a simple problem like keeping your possessions away from dust and dirt/germs, with the help of a clip that attaches itself to any non-porous surface and applies three easy steps just press pull and hangs.
Use it anywhere on any positioned surface and its compact shape makes it portable and small enough to fit in any bag. It is different from any purse hook, sturdy and compact. The word Yono means you only need one. This is true with the product too.
Yono Clip at a glance:
| Idea | A hook to keep bags and towels off the ground free from germs and dirt |
| Founders | Bob Mackey, Michael Green |
| Asked for | $150,000 for 15% |
| Accepted deal | $150,000 for 30% |
| Sharks | Daymond John |
| Business status | In business |
| Episode | Season 12 Episode 12 |
| Website | Yono |
Index:
Founder Story:
The two founders have a very scientific background. The founder Michael Green has given numerous talks of scientific nature to the many children in schools and organizations. As well as being a great speaker he is an active entrepreneur and also the president of science for everyone. While Mackey on the other hand has been the CEO of North Central Georgia Boys and girls club. Both of them came up with the product to dismiss the need to keep bags or towels on dirty floors.
They came across this innovation when they realized what germs and dirt could do to bags when they kept down on the floor. Both of them took a call to create the product after seeing numerous ideas on sale they came up with the product. Before they met at a stem fest an innovation hub for the youth.
Did Yono Clip get a deal on shark tank?
The pitch made the sharks hook on the product and loved the dance and slogan of the product. The founders came to shark tank with an investment of $150,000 for 15% of the company. This product was very musically introduced and then demonstrated the product to the sharks. The founders are looking for a shark who will invest and help in the production of the business as they have started the business in their home garages with a 3D printer.
The sale they have done is $14,000 which is a combination of online sales and a kick-starter campaign where they generated $10,000 in sales and $4000 sales online. They want to make a transition of production from the 3D printer to a mold-based production line that will reduce costs drastically. The sharks ask a lot of questions about the product and sales and finally, go out one by one keeping Daymond still in the game.
The two founders get an offer from Daymond at $150,000 for 30%. They counter the offer at 150,000 for 20% and finally agree on the previous offer. They walk out of the shark tank with an offer from Daymond at $150,000 for 30% of the company.
What happened to Yono Clip after shark tank?
The company now sells the product for $19.99 on their website and amazon, Since the deal with Daymond on shark tank the company has done all well for itself. They have started production and sales have increased then on.
The company thanked Daymond for all his help in the retail and online space. They wished him happy birthday too on their Facebook page.
Product:
- It is made from a Duraflex suction cup and carabineer clasp and a retractable hook.
- It can hold up to 15 pounds of weight.
- This product comes in a variety of colors and types.
- It can be used on any surface that is nonporous and is horizontal, vertical or diagonal.
- Once you open the Yono clip the suction becomes stronger.
- There is an adhesive that is applied on the back of the product to allow it to stick on any surface.
Competitors Of Yono Clip:
The company has two competitors.
- Shower rack shoe holder
- Dry dock hanging Organizer
What is the net worth of Yono Clip?
At the time of the shark tank appearance, Yono Clip was valued at around $500,000. Valuation increased from $1 million to a known amount in the year 2021.
No. of employees: 1-10
Is Yono Clip still in business?
Yes, Yono clip is Still in business. Doing well in sales and production around the country. The company saw itself online and on Amazon before shark tank and wanted a strong retail presence for the product which they saw as being their future. There was a lot of help from Daymond John.
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What is Yono Clip?
The one-of-a-kind solution to a simple problem like keeping your possessions away from dust and dirt/germs, with the help of a clip that attaches itself to any non-porous surface and applies three easy steps just press pull and hangs.
Who founded Yono Clip?
Bob Mackey, Michael Green founded Yono clip.
Did Yono Clip get a deal on shark tank?
Yes, Yono clip walks out of the shark tank with an offer from Daymond at $150,000 for 30% of the company.
