Flipstik, founded by Akeem Shannon in 2017, has become a Shark Tank success story. As of November 2024, Flipstik’s net worth stands at $5 million, with annual revenue of $1 million.
The company appeared on Shark Tank Season 12 on November 6, 2020, securing a deal with Lori Greiner for $100,000 for 25% equity, giving it a final valuation of $400,000. This was a slight reduction from the founder’s initial $500,000 estimate.
By April 2022, Flipstik had achieved $1 million in annual sales and expanded into more than 400 retail stores across the U.S. The company’s growth received another boost in December 2022, when it secured $1.2 million in seed funding from investor Maxine Clark to fuel further expansion.
Flipstik company is still in business. Their products are available on the website and Amazon.
Flipstik’s Net Worth and Lifetime Sales
| Net worth | $5 Million (2024) |
| Annual Sales Revenue | $1 million (2022) |
| Profits | – |
| Lifetime sales | $6.7 Million |
| Investor | Lori Greiner |
| Founder | Akeem Shannon |
| Employees | 25 to 50 |
Flipstik’s Shark Tank Pitch
| Company name | Flipstik |
| Product | Stick your phone anywhere with reusable adhesive tech |
| Episode | Season 12 Episode 04 |
| Founder | Akeem Shannon |
| Asked for | $100,000 for 20% equity |
| Final deal | $100,000 for 25% equity |
| Shark | Lori Greiner |
| Location | St. Louis, Missouri, 63102, United States |
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Flipstik Founder
Flipstik was founded by Akeem Shannon in 2020. Akeem Shannon created the Flipstik based on the feet of geckos. He is a very smart inventor and he has a lot of unique ideas about his inventions. Flipstik’s founder, Akeem Shannon, has a net worth of USD 5 Million as of 2024.
Key accomplishments
| Year | Accomplishment |
| 2022 | Secured $1.2 million in seed funding from investor Maxine Clark |
| 2020 | Flipstik appeared on Shark Tank |
Conclusion
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 of Flipstik and its continued success.