YONO Clip is a United Base small startup that manufactures portable suction hangers. It is used for a wide range of applications and it was mainly created to keep our possessions without touching any dirty surfaces.
Michael Green and Bob Mackey are the ones who created Yono clips.
What is the Net Worth of YONO Clip?
YONO Clip has a Net worth of $500,000 USD.
How much does YONO Clip Earn?
Monthly Earnings – $1000USD
Yearly Earnings – $500 000USD
Net worth in the last 5 years
YONO Clip Bio
|Founder||Michael Green And Bob Mackey|
|Business||Portable Suction Hanger|
|Asked for||$150,000 For 15% Equity|
|Final deal||$150,000 For 15% Equity|
|Net worth as on 2022||$500,000|
|Episode||Season 12 Episode 12|
|Business status||In Business|
Michael Green and Bob Mackey founded the Yono clip concept which is becoming important in the future.
Founder Mackey is a digital expert and the CEO of Boys & Girls Clubs, a company based in North Central Georgia. They are very knowledgeable about business growth.
Michael Greenis also an Entrepreneur, he takes care of production department and he also has very good knowledge about the product.
YONO clip is the ultimate solution that helps us to keep your belongings dirty free and germ free. It can be used while traveling and it can allow us to hang our belongings in it. This clip comes in 3 colors Red, Black and Pink.
Yono Clips had already become a brand before appearing on Shark Tank, with very good sales through social media and their website. It was very simple to market because it was a problem-solving product.
Yono Clips was featured in Shark Tanks Season 12 Episode 12.
Yono Clip’s founder gave an excellent pitch to the sharks, elaborating on the inspiration for his business idea. The company’s founders, Michael Green and Bob Mackey, appeared on ABC’s Shark Tank seeking $150,000 in exchange for 15% of their company’s shares.
Yono Clip sales have reportedly reached $14,500 in just two months, with the company’s founder estimating a total of $15,000. The company’s co-founders, Michael Green and Bob McKay, did an excellent job marketing their product in just two months, resulting in rapid growth.
The founder of the company raised $10,000 in 24 hours through a Kickstarter campaign. He earned a total of $14,000, $10,000 of which came from his Kickstarter campaign. The remaining $4,000 was raised via their website and fitness centre.
In 2021, the startup’s founders were producing a $20 product in their garage using a $10 3D printer. The founder claims that at this early stage, he was producing 10-15 units per week. Because there is a lot of competition in this market and the demandfor this product is low, Barbara Corcoran advises you to pass on this opportunity.
Mark Cuban has backed out of the deal because the product in question is not particularly promising.
Kevin O’Leary, an existing investor in a competing company selling a similar product called Deskview, has stated that he will be unable to participate in this round of funding.
Lori Greiner stated that she is unable to invest because she is unsure of the uniqueness of the product and the quality of its work. Daymond John liked the company’s first offering. He stated that the product is still in its early stages of development. He is willing to put up $150,000 in exchange for a 50% stake.
After further discussion, Daymond revised his offer to $150,000 for 30% equity. However, the founder countered with a $150,000 offer for 20% ownership. Kevin warned that the challenges of scaling the business would astound him.
After Daymond became an investor, the company’s trajectory changed dramatically.
This company was in its early stages when it appeared on Shark Tank; at the time, it had not yet begun social media marketing, branding, trend mark registration, and so on.
When Daymond signs this, his team agrees to complete the tasks listed. YONO Clip registered its trademark in September 2020.
Its product is currently available on online marketplaces such as Amazon and Walmart, as well as in all retail stores.
Recommendations for YONO clip care are given below:
- The Yono Clip suction and cover will loosen after the first use.
- After the first use, it may be necessary to use more force to remove it.
- Apply no more than 12 pounds of weight to the centre lever or carabiner clip.
- The actual hold time may differ depending on the surface.
- Clean with cold water and allow to dry to reactivate suction.
- While items are hanging in use, do not sit or lay beneath the Yono Clip.
- Do not use the Yono Clip Cover until you have used it 4 or 5 times.
This company is still in its early stages. We are confident that the Yono Clip team will make a lot of money in the coming year.