In our daily lives, we often find ourselves in situations where we need to place our belongings somewhere safe and clean. Whether at the gym, in a public restroom, or at a restaurant, placing bags, jackets, or other personal items on the floor is not only inconvenient but also unhygienic. Recognizing this common problem, Michael Green and Bob Mackey developed a solution: the YoNo Clip.
This innovative device suctions to various surfaces, providing a hook to hang personal items and keep them off the ground.
Michael and Bob introduced the YoNo Clip on Season 12, Episode 12 of Shark Tank. They sought $150,000 in exchange for 15% equity in their company. During their pitch, they demonstrated how the YoNo Clip could adhere to surfaces like walls and tables, holding items securely and promoting cleanliness. The product’s simplicity and practicality caught the attention of the Sharks, leading to a deal with Daymond John, who offered $150,000 for 30% equity.
YoNo Clip Net Worth Shark Tank Update 2025
Michael and Bob were looking for an investment of $150k in exchange for 15% equity in the company. At the time of the episode, they valued their company at $1 million. Michael and Bob successfully secured a deal with Daymond for an investment of $150k for 30% equity in the company. The investment adjusted the company’s net worth to around $500k. After the show was aired, the company experienced a good boost in exposure. As per my rough estimate, the current net worth of YoNo Clip is around $1.33 million.
Shark(s) name
Offer & Demand
Counteroffer
Accepted?
Daymond John
$150,000 for 30% equity
$150,000 for 20% equity
Yes
Lori Greiner
Out
N/A
N/A
Kevin O’Leary
Out
N/A
N/A
Barbara Corcoran
Out
N/A
N/A
Mark Cuban
Out
N/A
N/A
Michael Green and Bob Mackey Backstory + Their Initial Pitch
The inspiration for the YoNo Clip came to Bob Mackey during a visit to the gym. He noticed that people often placed their bags and jackets on the floor, exposing them to dirt and germs. This observation led him to sketch the idea for a clip that could hold personal items off the ground. He collaborated with Michael Green, known for his science shows and educational outreach, to bring the concept to life.
Initially, the duo launched a Kickstarter campaign, raising $9,857 to fund the development of the YoNo Clip. They began producing the clips using 3D printing technology in their garage, with each unit costing $10 to make and retailing for $20. Despite the modest beginnings, they managed to generate $4,500 in sales over two months, showcasing the product’s potential.
During their Shark Tank pitch, Michael and Bob emphasized the YoNo Clip’s unique features, including its ability to adhere to various surfaces and hold up to 15 pounds. They also highlighted the product’s eco-friendly aspects, such as being biodegradable and packaged with recycled materials. Their presentation resonated with Daymond John, leading to the investment deal that aimed to scale production and reduce manufacturing costs.
Queries + Shark’s Responses, and Final Deal
As the Sharks evaluated the YoNo Clip, several questions and concerns arose.
Barbara Corcoran expressed skepticism about the market’s competitiveness and viewed the product as more of a side hustle than a scalable business.
Mark Cuban questioned the product’s uniqueness and potential for mass appeal.
Kevin O’Leary mentioned his prior investment in a similar product, Deskview, and chose not to invest.
Lori Greiner doubted the product’s differentiation in the market and also declined to make an offer.
Despite these reservations, Daymond John saw promise in the YoNo Clip and offered $150,000 for 30% equity. Michael and Bob accepted the deal, recognizing the value of partnering with an experienced entrepreneur who could help them navigate the challenges of scaling their business.
Product Availability
The YoNo Clip is a compact, portable device designed to keep personal items off the ground. It features a suction cup that adheres to non-porous surfaces and a hook that can hold up to 15 pounds. The product is made from biodegradable materials and comes in various colors, including pink and red. It is priced at $19.99 and was initially available for purchase on the company’s website.
Despite its innovative design, the YoNo Clip faced challenges in expanding its retail presence. The product was not widely available on major online platforms like Amazon, limiting its accessibility to potential customers. Additionally, the company’s social media channels have been inactive since February 2021, indicating a lack of ongoing marketing efforts.
What Happened To YoNo Clip After Shark Tank?
Following their appearance on Shark Tank, Michael and Bob encountered several obstacles in growing the YoNo Clip business. The COVID-19 pandemic disrupted supply chains, leading to delays in production and shipping. These issues resulted in customer dissatisfaction and negative reviews. Furthermore, the market saw an influx of cheaper, similar products, intensifying competition and impacting sales.
As of today, the YoNo Clip remains in business, with an estimated annual revenue of $400,000. However, the company’s growth has been limited, and it appears to function more as a side project than a full-fledged enterprise. The company’s website is operational, offering the product in select colors, but the lack of recent updates and limited online presence suggests a need for renewed marketing and strategic efforts to revitalize the brand.
Conclusion
The YoNo Clip’s journey on Shark Tank showcased the potential of addressing everyday problems with simple solutions. Michael Green and Bob Mackey’s innovative approach to keeping personal items off the ground resonated with Daymond John, leading to a $150,000 investment for 30% equity. Despite initial enthusiasm, the company faced challenges in scaling production, navigating supply chain disruptions, and competing in a crowded market.
While the YoNo Clip remains in business, its growth has been modest, underscoring the importance of adaptability and strategic planning in achieving long-term success.
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.
