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ZipString Shark Tank Update

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We have all loved having fun toys to play with in our childhood days and even being an adult. It’s the fun toy that makes you glued to it. Toys can be educational and can be sheer fun. But when you involve science in toys the kids just love it. It brings science to be enjoyed as a toy which gives them wonderful entertainment.

Have you ever imagined the string that keeps flying in the mid-air against the force of gravity? This is possible using a device a ZipString which brings force moved into the string to keep it moving and staying in the loop.

ZipString will get the required attention of Sharks to stay in the loop.

ZipString at a glance:

Business ideaDevice to make string fly in the air
FounderStephen Fazio and Austin Hillam
Asked for$100,000 for 10%
Accepted deal$100,000 for 20%
SharksKevin O’Leary and Robert Herjavec
Business statusIn business
EpisodeSeason 14, Episode 9
Zip string at a glance.

Index:

Founder Story:

Stephen Fazio and Austin Hillam, are our inventors of a new fun toy called ZipString. The idea came into being when Stephen saw his Physics teacher using a benchtop string launcher to keep string afloat, it struck him why can’t I make it portable?

Both Stephen and Austin began their journey to create the prototype and uploaded their video on social media and they got 20 million views on an awesome day.

Stephen and Austin being students of BYU and Georgia Tech created this sensation during the college period in 2021.

ZipString is a handheld device that can be operated with a switch of a button and place a string in it which keeps it afloat in the air. The String can form various shapes like Corkscrews, Grooves, and Waves, and even play with balloons, and pens and can be more creative.

What is ZipString?

ZipString is an intriguing toy that appears to suspend an ordinary loop of string in mid-air, utilizing the principles of gravity, lift, tension, and drag to achieve flight. The string reacts to the movements made by a Zipster, the person who uses the ZipString.

Did ZipString get a deal on shark tank?

Stephen and Austin walk in Black Body Guard Suit at the shark tank episode to pitch for their fun business of ZipString at $100,000 at a 10% equity stake. The duo went on to show their amazing display of ZipString with various wave patterns using the device at hand.

Duo hands over the products to the Sharks and they are amazed at it. Robert loves the product. Stephen and Austin explain their prototype when launched on the media got 20 million views in a day, however, the sales were limited to 10,000 units only. With a lack of manufacturing scalability, they were unable to meet the demands of the market.

It costs approx. $6.35 to produce a single unit and was initially sold at $25. Total sales were $250,000 with help of Kickstarter funding. Unable to keep the production scalable, their asks with sharks were to invest in their business to increase the capacity.

See also  What Happened to The Scrubbie After Shark Tank?

Stephen and Austin were in the initial stage of discussion with Walmart. Lori and Barbara are not to convinced as the business is at an early stage of the lifecycle and are out.

Robert makes an initial offer of $100,00 at 20% equity and Kevin is quick to share another offer of $100,000 at 15%. The competition intensifies between Kevin and Robert who make second offers at $100,00 at 10% and 9% respectively.

Robert reviews jointly with Kevin to propose a joint deal of $100,000 at 20%. Stephen and Austin counteroffer with 15% but the Sharks rejected it. Stephen and Austin seal the deal at $100,000 at 20% equity and stay in the loop.

What happened to ZipString after shark tank?

The Shark Tank episode created a craze among users as the product was amazing. The pitch just around Christmas was a bonus to let kids enjoy the new toy in their kitty. The business has thrived with both Robert and Kevin invested in the business which is now rocking.

ZipString is a craze among kids and is now being shipped across multiple countries. The product is pending patent yet.

Product details:

  • ZipString is a handheld device with a battery and two motors through which the special string passes through.
  • Comes with 3 strings of different sizes and colors.
  • Defies Gravity, and tension due to its special String capability that produces Drag which lets it to remain floating in the air.
  • ZipString comes in 5 colors.
  • ZipString comes in colors like – Bodacious Blue, Rock’it Red , Vivacious Velvet, Luscious Lime and Aesthetic Aqua.
  • USB Charging Code
  • Instruction Guide and Trick Library.
  • Zipster community to learn and find new tricks.

What is the net worth of ZipString?

ZipString is a “wonderment” business flourishing across the world and its net worth is estimated at around $1 million, as per the founders, which was cut short to half to $500,000 by Sharks.

Is ZipString still in business?

ZipString business is zipping through very well. Estimated to reach around $400K of business till now. ZipString product, product operating guide, and instructions are available at ZipString | The Gadget That Started The Craze!

Stephen and Austin the young entrepreneurs have rocked with their “Wonderment” ZipString business. ZipString comes in five vibrant colors and has spread across like a wildfire craze among its Zipster community who are creating wonderful moments with ZipString.

Users can buy both ZipString and String Pack from their Websites and now available on Amazon. Kids and Adults are crazy with their new ideas using ZipString and they can view the Zipster community videos See ZipString in Action!

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FAQs:

What is ZipString?

ZipString is an intriguing toy that appears to suspend an ordinary loop of string in mid-air, utilizing the principles of gravity, lift, tension, and drag to achieve flight. The string reacts to the movements made by a Zipster, the person who uses the ZipString.

What's the net worth of ZipString?

ZipString is a “wonderment” business flourishing across the world and its net worth is estimated at around $1 million, as per the founders, which was cut short to half to $500,000 by Sharks.

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