FlipStik Net Worth Shark Tank Update 2025

In today’s digital age, smartphones have become an integral part of our lives. We use them for communication, entertainment, work, and capturing memories. However, one common problem many people face is finding a convenient way to prop up their phones for hands-free use.

Whether it’s watching videos, video calling, or taking steady photos, holding the phone continuously can be tiring and inconvenient. Traditional phone stands can be bulky, and not all surfaces are suitable for propping up a phone.

Recognizing this widespread issue, entrepreneur Akeem Shannon introduced an innovative solution: Flipstik. This unique phone accessory allows users to stick their phones to virtually any surface, providing a hands-free experience without the need for bulky equipment. Flipstik combines the functionality of a kickstand with the versatility of a reusable adhesive, inspired by NASA’s synthetic setae technology. 

This innovation caught the attention of the Sharks on Season 12, Episode 4 of Shark Tank, where Akeem pitched his product seeking investment to take Flipstik to the next level. His ask was $100,000 in exchange for 20% equity in his company.

FlipStik Net Worth Shark Tank Update 2025

Akeem was looking for an investment of $100k in exchange for 20% equity in the company. At the time of the episode, he valued his company at $500k. Akeem successfully secured a deal with Lori for an investment of $100k for 25% equity in the company. The investment adjusted the company’s net worth to around $400k. After the show was aired, Flipstik experienced a good boost in exposure. As per my rough estimate, the current net worth of Flipstik is around $5 million.

Shark(s) name	Offer & Demand	Counteroffer	Accepted?
Daymond John	Out	N/A	N/A
Lori Greiner	$100,000 for 25% equity	N/A	N/A
Kevin O’Leary	$100,000 for 20% equity	N/A	Yes
Barbara Corcoran	Out	N/A	N/A
Mark Cuban	Out	N/A	N/A

Akeem Shannon Backstory + Their Initial Pitch 

Akeem Shannon’s journey to creating Flipstik is both inspiring and relatable. After losing a scholarship, Akeem returned home and took up various jobs, including a stint in the telecommunications industry. His entrepreneurial spirit remained undeterred, and a conversation with his uncle, who worked at NASA, sparked the idea for Flipstik.

The concept was to develop a phone accessory that could stick to any surface using a reusable adhesive, much like the technology used by geckos to climb walls.

In 2017, Akeem began working on prototypes, eventually developing a product that combined a kickstand with a reusable adhesive pad. The adhesive, inspired by NASA’s synthetic setae, allowed the phone to stick to various surfaces without leaving residue and could be reactivated with a simple rinse of water.

When Akeem appeared on Shark Tank, he delivered a memorable pitch that included a self-written rap, showcasing his passion and creativity. He demonstrated the Flipstik’s capabilities by sticking his phone to different surfaces, even after contaminating the adhesive with substances like hair, sand, and spaghetti, and then cleaning it off effortlessly. His ask was $100,000 in exchange for 20% equity in his company.

Queries + Shark’s Responses, and Final Deal

The Sharks were intrigued by Akeem’s presentation and the innovative nature of Flipstik. However, they had several questions and concerns regarding the product’s market performance and scalability.

Kevin O’Leary, impressed by the product’s profit margins costing only $0.58 to manufacture and retailing between $15 to $30, was the first to make an offer. He proposed $100,000 for 20% equity, matching Akeem’s initial ask. Kevin emphasized the importance of seizing opportunities promptly.

Lori Greiner, known for her success with consumer products, saw potential in Flipstik’s unique value proposition. She inquired about the product’s sales figures and market strategy. Akeem disclosed that Flipstik had generated $115,000 in sales over the past 30 months, with 60% of sales coming from retail outlets. However, recent monthly sales had dipped to $1,500, primarily due to the COVID-19 pandemic’s impact on retail.

Barbara Corcoran questioned the product’s patent status and design protection. Akeem confirmed that Flipstik was patented, which added credibility to his business.

Mark Cuban expressed concerns about the low sales figures and the company’s reliance on retail channels, which were struggling due to the pandemic. He questioned the scalability of the business in the current market environment.

Daymond John appreciated Akeem’s creativity and determination but decided not to invest, citing that Flipstik didn’t align with his investment interests.

As Akeem considered Lori’s potential offer, Kevin grew impatient, feeling that his offer was being overlooked. He withdrew his proposal, stating that Akeem should have accepted the deal promptly.

Ultimately, Lori offered $100,000 for 25% equity in Flipstik. Recognizing the strategic value Lori could bring to his business, Akeem accepted her offer, securing a deal that would help propel Flipstik forward.

Product Availability

Flipstik is a versatile phone accessory that combines a kickstand with a reusable adhesive pad, allowing users to stick their phones to various surfaces for hands-free use. The adhesive is inspired by NASA’s synthetic setae technology, ensuring strong adhesion without leaving residue. It’s designed to be reusable and can be reactivated by rinsing with water.

The product is particularly popular among content creators, as it enables them to record videos, take photos, or conduct video calls without the need for additional equipment. Flipstik is available in various colors and designs, catering to different consumer preferences.

Customers can purchase Flipstik through the company’s official website and on Amazon. The product is priced between $15 and $30, depending on the model and design. Flipstik has also expanded its retail presence, being available in over 300 stores, including Target and AT&T locations.

What Happened To The FlipStik After Shark Tank?

After the Shark Tank episode aired, Flipstik experienced significant growth. The exposure led to increased brand recognition and a surge in sales. Akeem leveraged this momentum to secure additional funding and expand the company’s reach.

In December 2022, Flipstik raised $1.15 million from investors, including Maxine Clark, the founder of Build-A-Bear Workshop. The company also received two $50,000 grants from Arch Grants and the UMSL Accelerate Diversity program, providing further financial support for expansion.

Today, Flipstik has achieved annual sales of $5 million and is valued at the same amount. The company continued to innovate, introducing new products and designs to meet consumer demand. Flipstik’s success story serves as an inspiration for aspiring entrepreneurs, demonstrating the importance of resilience, adaptability, and leveraging opportunities.

Conclusion 

Flipstik’s journey from a simple idea to a thriving business is a testament to Akeem Shannon’s determination and innovation. Despite facing challenges, including low initial sales and a competitive market, Akeem’s appearance on Shark Tank provided the platform needed to elevate his business. Securing a deal with Lori Greiner, even though it ultimately didn’t close, opened doors to new opportunities and partnerships.

Today, Flipstik stands as a successful company with a strong market presence, offering innovative solutions to everyday problems. Its growth trajectory highlights the impact of strategic planning, effective marketing, and the ability to adapt to changing market conditions. Flipstik’s story underscores the potential for success when creativity meets opportunity.