Are you tired of compromising your snacking enjoyment while working or watching a movie due to greasy fingers? Say goodbye to that inconvenience and welcome Snactiv Snacking Tool, the ultimate solution for snack lovers. This innovative snacking tool, presented by two entrepreneurs on Shark Tank Season 13, has transformed the way people snack at their desks.
Gone are the days of having to leave your workstation to wash your hands after indulging in messy snacks. Snactiv has revolutionized the snacking experience, allowing you to enjoy your favorite treats without dirtying your fingers.
But what unfolded after their captivating pitch on Shark Tank? Did Snactiv Snacking Tool strike a deal in the Shark Tank? And most importantly, how beneficial is Snactiv Snacking Tool for users? What is Shark Tank’s Snactiv Snacking Tool net worth in 2023? Did the snack chopsticks Snactiv capture the attention of the market and emerged as a game-changing snacking tool?
There are so many questions to answer. So without further ado, let’s discuss how was Snacktiv’s journey on Shark Tank and what happened to the ‘Snactiv’ Snacking Tool after Shark Tank.
Here’s a brief overview of the snack chopsticks also known as the Snactiv snacking tool that appeared on Shark Tank along with the deal they received and the name of the founders and sharks they got in the deal with.
|Where to buy Snactiv?||Snactiv Light | Snactiv 4PC Bundle|
|Founder||Kevin Choi and Evans Cho|
|Location||San Francisco, California|
|Ask||$200,000 for 10% equity|
|Results||$200,000 for 20% equity|
|Episode||Season 13, Episode 10|
|Shark||Lori Greiner and Kevin Hart|
|Current Business Status||In business|
Snactiv Snacking Tool is a groundbreaking accessory that paves the way for seamless multitasking while keeping your fingers clean and your focus intact. This innovative product is set to revolutionize the way we enjoy our snacks. Think of it as a modern take on chopsticks, designed for convenience and efficiency.
Snactiv – the modern snacking chopsticks is ingeniously crafted to be worn as a ring on your index and middle finger. It acts as a practical finger chopstick, allowing you to effortlessly pick up your favorite snacks without any messy aftermath. Gone are the days of greasy fingers and interruptions during important tasks.
One of the key advantages of Snactiv is its ability to enable uninterrupted snacking. You no longer have to pause your activities to indulge in a snack break. Whether you’re working on a project, watching a movie, or engrossed in any other task, Snactiv chopsticks empower you to snack on the go without missing a beat.
Crafted from food-safe ABS plastic and Thermoplastic Polyurethane rubber, these snacking tools prioritize both comfort and functionality. With a user-friendly design, Snactiv ensures a hassle-free snacking experience that anyone can effortlessly enjoy.
Kevin Choi and Edwin Cho are the founders of Snactiv Snacking Tool. They founded the company Inoobi Incorporated, which has manufactured the product. Driven by their shared passion and ambition, they embarked on a journey to create something remarkable together, leading them to the birth of the Snacktiv snacking tool.
The Inoobi team comprises a talented group of designers, engineers, and entrepreneurs, each equipped with extensive expertise in developing cutting-edge hardware, software, and a wide range of accessories and toys. Their collective experience enables them to bring innovation to the forefront.
Kevin Choi, a graduate of Otis College of Art and Design, honed his skills while working at renowned companies such as Disney, Mattel, and Magic Jump Inc. His creative flair and knack for design have contributed significantly to the success of previous collaborations with industry giants like Netflix, Disney, Minecraft, Hasbro, Fuhu, ZipRecruiter, and Mattel.
On the other hand, Edwin Cho brings his expertise as the Chief Product Officer. With a Bachelor of Science degree from NYU Stern School of Business and a professional background that includes working for Mattel, ZipRecruiter, and Fuhu, Edwin’s business acumen and strategic mindset have played a pivotal role in the growth and development of Inoobi.
Kevin Choi currently holds the position of Chief Executive Officer, steering Inoobi with his profound knowledge and experience in product development and launch. As the Chief Product Officer, Edwin Cho complements Kevin’s leadership with his keen eye for detail and a deep understanding of customer needs. Together, they form an exciting duo that drives Inoobi forward.
Thanks to their combined expertise and dedication, Kevin and Edwin have been able to rapidly develop and deliver a high-quality product that meets the highest standards of innovation and functionality.
Kevin and Edwin embarked on a mission to revolutionize snacking with their ingenious creation, Snactiv. Their journey began with a Kickstarter campaign, where they successfully raised $41,700, showcasing the immense interest and support for their idea. With the funds in hand, they diligently worked on refining the design, ensuring that Snactiv would be ready to make a splash on Shark Tank.
In April 2021, armed with a revamped and improved design, Kevin and Edwin eagerly stepped onto the Shark Tank stage. The positive feedback and investment offer they received further validated their vision. Building upon this success, they swiftly moved forward, shipping their product to customers in October of the same year.
The market response to Snactiv was nothing short of phenomenal, with customers showering it with rave reviews. Recognizing the growing demand, Kevin and Edwin quickly scaled up production to meet the increasing needs of their enthusiastic customer base.
Although faced with initial competition from imitations and knockoffs attempting to ride the Snactiv wave, the unmatched quality and superior design of the original product allowed it to emerge as the unrivaled market leader. Snactiv’s ability to deliver on its promise and provide an exceptional snacking experience propelled it to the forefront, solidifying its position as the go-to choice for snack enthusiasts.
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With an undeniable presence and captivating charm, Kevin and Edwin make a memorable entrance into the Shark Tank, seeking a $200,000 investment for a 10% stake in their firm. Their confident demeanor coupled with their infectious enthusiasm immediately catches the judges’ attention, leaving a positive impression.
To kick off their pitch, Kevin employs a prop, creating a relatable scenario where he demonstrates the challenge of snacking while using a laptop, resulting in messy hands and clothing. The comedic effect of the demonstration quickly establishes a connection with the Sharks. Edwin seamlessly continues the pitch, highlighting his experience working alongside Kevin and playfully referring to him as a snack enthusiast, even jokingly stating that “calling him a slob is an understatement.”
Within minutes, Kevin and Edwin effortlessly captivate the Sharks’ attention, evoking genuine laughter and interest. Their authentic storytelling and professional presentation leave a lasting impact. Their unique solution to the messy snacking problem resonates with the Sharks, who eagerly desire to strike a deal.
During the pitch, Mark Cuban expresses his personal connection to the problem and recognizes the timeliness and perfection of the product. Kevin O’Leary, determined to secure a deal, swiftly offers $200,000 for a 10% stake in the company, along with a royalty of $1 per unit sold until $1 million is repaid.
Guest Shark Kevin Hart, genuinely impressed by the simplicity and utility of the product, actively engages in the negotiation, expressing his desire to strike a deal. Sensing the Sharks’ enthusiasm, Kevin and Edwin appreciate Kevin O’Leary’s offer while keeping an eye out for other potential offers.
Kevin Hart, in collaboration with Lori Greiner, recognizes Lori’s remarkable skills and experience in the retail market. They jointly present an offer to Kevin and Edwin. Intrigued by the idea of having both Sharks on board, Kevin and Edwin propose a revised deal of $200,000 for a 15% stake, ensuring an equitable distribution between the two Sharks.
In response, Kevin O’Leary reevaluates his initial offer, tempting Kevin and Edwin with an alternative proposal of $200,000 for a 5% stake, along with a royalty of 50 cents per unit until $1 million is repaid.
While faced with a tempting counteroffer, Kevin Hart advises Kevin and Edwin to resist the temptation and underscores his and Lori’s suitability as their ideal Sharks. Ultimately, Kevin and Edwin accept the joint deal offered by both Kevin Hart and Lori Greiner, solidifying a promising partnership.
The Sharks initially laughed at the Snactiv snacking tool but were taken aback by its impressive sales of $187,000 and international purchase orders worth $50,000.
After the episode aired, Snactiv’s popularity soared, leading to a successful deal with Kevin and Lori. The product is now available for purchase online, including platforms like Amazon, and offline markets.
Snactiv offers black and white versions of their snacking tool, priced at $15 or $18. Customers can choose to purchase it with a protective cover for added convenience.
In addition to the United States, Snactiv has established collaborations with partners in Hong Kong, Taiwan, and South Korea. Notable partners include OhUsBox in South Korea, NNNN studio in Taiwan, and HOMELESS.hk in Hong Kong. The company also has plans for expansion into Japan.
Exciting news arrived in late June 2022, as Snactiv announced its availability in Singapore and Canada, further expanding its global reach.
Snactiv has also ventured into collaborations with gaming influencers, signaling even more success on the horizon for the company.
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Snactiv made quite an impression on Shark Tank, with a valuation reaching an impressive $1 million. The strategic partnership formed with Kevin Hart and Lori greatly boosted the company’s visibility, resulting in a significant surge in sales.
At present, Snactiv has established strong connections with merchants across several Asian countries, contributing to its growing success. The company primarily focuses on direct customer interactions to drive sales and engagement.
With over 240 customer reviews on Amazon, Snactiv maintains an impressive average rating of 4.4 stars. While specific sales figures have not been disclosed recently, based on the current state of the company, after Shark Tank, the snacking tool Snactiv is estimated to be valued at around $2 million.
The good news is that Snactiv is indeed still in business and thriving. The Snactiv Snacking tool, which made its appearance in Season 13, Episode 10 of Shark Tank, continues to experience success. The episode featuring Snactiv aired on January 7, 2022, and since then, the company has been running smoothly.
If you’re interested in purchasing the Snactiv Snacking tool, you can easily do so on their official website. In addition to their flagship product, Snactiv also offers T-shirts for sale, allowing fans to show their support in style.
Since their appearance on Shark Tank, Snactiv has witnessed a significant boost in sales, experiencing an approximately five-fold increase. This is a testament to the positive reception and potential of the product. With Shark Tank known for producing numerous successful products, Snactiv has the potential to join the ranks of these remarkable ventures.
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As of April 2023, Snactiv’s net worth is estimated to be $2 million.
Yes, the Snactiv Snacking tool is protected by a utility patent. This patent ensures that the unique design and functionality of the Snactiv product are legally safeguarded, preventing others from replicating or infringing upon its intellectual property. The patent provides Snactiv with exclusive rights to manufacture, distribute, and sell its innovative snacking tool in the market.
Every other hand-free eating device is a rival to Snactiv. Snactiv Snacking Tool competes with conventional chopsticks. There are currently no specific brands that have brought a similar type of product like Snactiv at the moment.
One of the episodes where Kevin Hart appeared as a guest shark was in Season 13, Episode 10 of Shark Tank. This episode originally aired on January 7, 2022, and it was the same episode where the Snacking Tool Snactiv pitched its business idea. In the episode, Kevin Hart brought his unique perspective and entrepreneurial expertise to evaluate and potentially invest in the business pitches presented by aspiring entrepreneurs.
To get rid of Cheetos fingers or any residue from snacking, you can use the Snactiv snacking tool. The Snactiv snacking tool is a convenient device designed to keep your hands clean while enjoying snacks like Cheetos.
Here’s how you can use the Snactiv snacking tool to avoid getting your fingers messy: