Kids often enjoy making things with cardboard, but the tools they typically use, like scissors and box cutters, can be dangerous or difficult for them to handle. To address this issue, Max Liechty and Kausi Raman created the ChompShop, a special power tool designed to safely cut cardboard for kids. This tool allows children to construct 3D models and explore their creativity without the risks associated with traditional cutting tools.
In Season 16 of the TV show “Shark Tank,” Max and Kausi presented their product, Chomp Shop, to potential investors, asking for $250,000 in exchange for a 5% share of their company. They demonstrated how the ChompShop operates and discussed its ability to enhance children’s hands-on learning experiences.
After some intense negotiations, they ultimately made a deal with investors Mark Cuban and Lori Greiner, who agreed to invest $250,000 for 15% equity in the company.
Chomp Shop Net Worth Shark Tank Update
Max and Kausi were looking for an investment of $250k in exchange for 5% equity in the company. At the time of the episode, they valued their company at $5 million. Max and Kausi successfully secured a deal with Mark and Lori for an investment of $250k for 15% equity in the company. The investment adjusted the company’s net worth to around $1.67 million. After the show was aired, the company experienced a good boost in exposure. As per my rough estimate, the current net worth of Chomp Shop in 2025 is around $4 million.
Shark(s) name
Offer & Demand
Counteroffer
Accepted?
Barbara Corcoran
$250,000 for 20% equity
N/A
No
Lori Greiner and Mark
$250,000 for 15% equity
N/A
Yes
Kevin O’Leary
$250,000 for 20% equity
N/A
No
Rashaun Williams
Out
N/A
N/A
Mark Cuban
Partnered with Lori
N/A
N/A
Max Liechty and Kausi Raman Backstory + Their Initial Pitch
Max Liechty and Kausi Raman are two individuals who want to encourage creativity in children. They noticed that kids enjoy making things out of cardboard, but the tools they have to use can be unsafe or not very effective. To solve this problem, they designed a new tool called the ChompShop, which is a power tool specifically made to help kids cut cardboard safely and easily.
In October 2023, they launched a campaign on Kickstarter to fund their project and were able to raise over $1.1 million, which proved that many people were interested in their idea. They also received orders for 10,000 units, bringing in a total of $2.1 million in sales in less than a year.
During a pitch on the popular show Shark Tank, Max and Kausi demonstrated how the ChompShop works. It features a special mechanism that allows it to punch holes and cut through cardboard safely, even if someone accidentally touches the cutting area. They also shared their ambition to create a subscription service that would provide kids with monthly activities and projects related to science, technology, engineering, and math (STEM) using cardboard.
Queries + Shark’s Responses, and Final Deal
Kevin O’Leary, one of the Sharks, asked how much it costs to make the ChompShop. They explained it costs $73.81 to produce each one, and they sell it for $230. This means they have a good profit margin on each sale.
Barbara Corcoran wanted to know how they started the business. Max and Kausi explained that they had received $5,000 from a family member and raised over $1 million through a crowdfunding platform called Kickstarter. This shows they had support and interest from other people.
Mark Cuban asked how they planned to increase the amount they could produce. They responded that they were working with a manufacturer in China and were getting ready to fulfill pre-orders for customers.
Lori Greiner asked about their subscription service idea. They shared that they want to offer monthly projects related to STEM (science, technology, engineering, and math) to keep kids engaged and learning.
Rashaun Williams asked why he should invest in their company now. They pointed out that they already had $2.1 million in pre-orders, showing there was a strong demand for their product.
Kevin O’Leary: He offered $250,000 for a 20% share of the company, complimenting their innovative idea.
Barbara Corcoran: She made the same offer—$250,000 for 20%.
Rashaun Williams: He thought it was too soon for an investment and decided not to invest.
Mark Cuban: He offered $250,000 for a 15% share, expressing confidence in their future potential.
Lori Greiner: She chose to partner with Mark, suggesting they split the 15% equity he offered.
Max and Kausi accepted the combined offer from Mark and Lori for $250,000 in exchange for a 15% stake in their business. They were excited to have two experienced investors on board to help them grow.
Product Availability
The ChompShop is a specially designed tool for kids that helps them cut cardboard safely. Instead of using a sharp blade, it uses a fast hole-punching action that makes it easier and safer to use. The tool also includes a punch for making holes and a scoring tool for making clean folds, so kids can get creative with their projects.
Chomp Shop, the company that makes ChompShop, sells these tools directly to customers through their website. The price of each ChompShop is $230, and people can pre-order them online before they are officially available.
What Happened To The Chomp Shop After Shark Tank?
Chomp Shop is a company that became popular after appearing on the TV show Shark Tank. They started sending out orders to their supporters from a crowdfunding campaign called Kickstarter. By October 2024, they had already shipped out 4,000 special bundles to their backers. Each bundle includes three tools: a ChompShop, a hole punch, and a scoring tool. They plan to send out another 8,000 bundles by the end of November 2024.
The company is also getting ready for more sales during the upcoming holiday season, which is a busy time for shopping. To keep their customers updated and engaged, they use their Instagram page to share news, show how their products work, and highlight posts from their users. As of today, Chomp Shop is doing really well and is encouraging young builders to create and make things.
Max Liechty and Kausi Raman have an inspiring story with their company, Chomp Shop. They invented a tool called the ChompShop that makes it safe and fun for kids to build things. Their presentation on the TV show Shark Tank in its 16th season caught the attention of investors Mark Cuban and Lori Greiner, who decided to invest $250,000 in exchange for a 15% ownership in the company.
Since appearing on Shark Tank, Chomp Shop has been busy fulfilling customer orders and planning for future growth. Although some investors on the show had doubts, the support from Mark and Lori has helped Chomp Shop thrive. Their journey shows that with a good idea and a lot of effort, it’s possible to turn a vision into a successful business.
Hey, I’m Amna Habib, an undergraduate student pursuing a Bachelor’s in Business Administration. Shark Tank has always been one of my favorite TV shows because it offers a unique glimpse into the world of entrepreneurship. The way entrepreneurs present innovative solutions to everyday problems aligns with my academic interests and fuels my curiosity about business strategies. Each pitch showcases creativity and strategic decision-making, which I find both insightful and inspiring. Watching the show has deepened my passion for business and motivated me to explore the world of entrepreneurship even further. Beyond business and writing, I love food, shopping, and spending time with my friends and family.
