A product called Zipstring can be used to launch strings into the sky. The string is propelled through the air thanks to the product’s ability to equalize the effects of gravity, lift, and tension. This method allows for the creation of any desired form by manipulating floating strings.
You can create and perform an infinite variety of stunts with the help of Zipstring, a rechargeable electronic device. A wide variety of dances, such as the Freestyle, Step Through, Zipaloon, Zip Flip, Zip Sync, Gliding on Cups, and Mavericks, can be transformed into this string.
Using this item, kids can participate in a variety of entertaining pursuits. Not only can younger consumers make a positive impression, but so can their senior counterparts. Must read this article David Bromstad Net Worth.
Both Austin Hillam and ZipString co-founder Stephen Fazio graduated from college in 2021. Stephen once witnessed a physics teacher displaying a string launcher on a bench; the teacher had a mechanism that looped the string before firing it.
The original version was designed to be used on a bench, but Stephen made a prototype that could be used in the hand. This prototype toy was created by Austin, who then recorded himself playing with it and posted the video to social media. The video received over 20,000,000 views in only one day and was featured on Reddit’s home page. Check this Billy Beane Net Worth.
Stephen and Austin both made an appearance on Episode 9 of Shark Tank Season 14 and pitched a deal in which they would each receive $100,000 in exchange for 10% ownership of the company at a $1 million valuation.
'Shark Tank' Where To Buy ZipString https://t.co/8gvXFDRdQL #SharkTank
— TV Shows Ace (@TVShowsAce) February 11, 2023
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Zip String Net Worth
Before appearing on Shark Tank, this company was valued at $1 million; after receiving financing, that number dropped to $500,000. We believe this to be the first unproduced item from Strings Fly.
Many individuals must have purchased the item after seeing it on Shark Tank.
How Was The Shark Tank Pitch Of ZipString?
Both Stephen Fazio and Austin Hillam wore bodyguard suits containing their products when they appeared on Shark Tank. They pitched the sharks a $100,000 investment for 10% ownership. Both of them developed several types of tricks with the use of this merchandise such as steps through, corkscrew, etc.
Everyone in the tank gave this thing a try, and Robert in particular thought it to be fascinating. Stephen claims that the toy video he posted online received 20 million views in 24 hours. Not only that but in the year 2021, it was also featured on the homepage of Reddit. Ten thousand copies were sold at that point. Must be checked Randall Emmett’s Net Worth.
This product has a cost of $6.35 to produce yet is being sold for $25. The supply chain problem has resulted in less sales after 200 million views, bringing the total to $277,000.
There has been discussion about shipping and selling this product at Walmart in Canada for the price of $14.97. According to Lori Greiner, the day has begun early, thus she must be leaving. When Barbara Corcoran realized she was helpless, she announced her resignation.
In exchange for a 20% stake, Robert Herjavec offered $100,000. An additional offer of $100,000 in exchange for a 15% stake was offered by Kevin O’Leary. When the company’s creator requested $200,000 in exchange for a 10% stake, Robert countered with $100,000.
Kevin proposed the same sum for 9% ownership ($100k). While this was going on, Mark Cuban publicly stated his lack of confidence in the company’s viability as an investment opportunity.
Kevin approaches Robert with an offer of $100,000 in exchange for a 20% stake in the company. Although Austin offered $100,000 in exchange for 15% ownership, Robert declined the offer.
ZipString closes a $100k investment from Robert Herjavec and Kevin O’Leary in exchange for 20% equity.
ZipString Before Shark Tank
Stephen was inspired to create a prototype after watching a physics teacher use a string launcher on a benchtop. For fun, Stephen and his pal Austin converted the prototype into a Zipstring toy.
Austin made a video review of the product and posted it to YouTube, where it quickly gained popularity, amassing 20 million views in just 24 hours. We hope you like this article Lala Kent Net Worth.
Zipstring’s video was featured on Reddit’s first page and has since had over 200,000,000 total views across all social media platforms. In large part because of its viral success, Stephen & Austin received a large number of orders for this product.
Both founders experienced problems with the supply chain and manufacturers as a result of the pandemic, but they were able to overcome these obstacles with the assistance of their loved ones in Johns Creek, Georgia, where the product was made and distributed.
They’ve already reached 50 different countries with their wares. A Kickstarter project set out to raise $75,000 on September 8, 2021; by October 10, 2021, 1,622 supporters had pledged a total of $90,466. All contributors received their rewards by March 2022.
Final Words
A zip string is a toy that makes strings fly through the air. This electronic string, which can be charged, can fly 35 miles per hour, and is safe to touch. Through this, you can make and play with any number of tricks.
This is an electronic toy. Inside, there are two motors, a battery, and other parts that turn the string into a loop.
There are colorslours of Zipstring: aqua, lime, red, blue, and violet. Each item comes with three different-sized string loops. This item costs $27.99 and can be bought on the website of the company that makes it.