CropSticks, a sustainable bamboo chopsticks with a built-in holder, was started by Mylen Fe Yamamoto on March 14, 2016. As of August 2023, CropStick’s net worth is $1.5 Million. And also, they’re pulling in a whopping $1.2 million in annual revenue.
In 2017, they appeared on Shark Tank USA seeking $75,000 for 12.5% equity, valuing the company at $600K. Sharks were not interested in investing in Cropsticks. They felt the product was too niche and the margins were insufficient.
As of September 2023, Cropsticks is still in business. The company is committed to sustainability and environmental responsibility and is a leader in the sustainable chopsticks market. The company got its patent in April 2018. They were named a certified B Corp company in July 2019. And we can get them from their official website and e-commerce channels like Amazon.
CropSticks Net Worth Timeline
|Net Worth 2023||$ 1.5 Million|
|Net Worth 2022||$ 1.2 Million|
|Net Worth 2021||$ 1 Million|
|Net Worth 2020||$ 800,000|
|Net worth 2016 before appearing on Shark Tank||$ 600,000|
CropSticks Pitch on Shark Tank
|Product||Unique chopsticks made of sustainable bamboo|
|Episode||Season 8 Episode 20|
|Founder||Mylen Fe Yamamoto|
|Asked for||$75,000 for 12.5% equity|
|Final deal||No deal|
|Location||Los Angeles, California|
CropSticks was founded by Mylen Fe Yamamoto in 2016. Mylen Yamamoto is a fourth-generation Japanese-Filipino American born and raised in Hawaii. CropSticks’s founder, Mylen Fe Yamamoto, has a net worth of $1 Million as of 2023.
|2023||Chopsticks can be found in over 250 restaurants and hotels, demonstrating the widespread adoption of their eco-friendly chopsticks|
|2022||The Intersection of Trends: Cropsticks taps into the growing trends of Asian cuisine and sustainability, combining them into a practical and eco-friendly product|
From their beginnings on Shark Tank to their current status as a thriving business. They have proven that with the right idea and execution, anything is possible. We can’t wait to see the future for Spretz and its continued success.