Kisstixx is a flavored lip balm for kissing, invented by Dallas Robinson and Mike Buonomo in 2010. Kisstixx’s net worth was $1 million in 2012 based on the Shark Tank deal of $200,000 for 20% equity.
In 2012, they appeared on Season 3 of Shark Tank USA with the company’s valuation net worth of $1 million.
After the Shark Tank pitch, Kisstixx got overwhelming amounts of orders and became a popular product in a short time. However, the business indicated a decline in 2015, and Kisstixx has been officially out of business since 2018.
Kisstixx Net Worth
|Net worth||Out of business|
|Annual Sales Revenue||–|
|Founder||Dallas Robinson and Mike Buonomo|
Kisstixx Net Worth Timeline
|Net Worth 2023||Out of business|
|Net Worth 2022||Out of business|
|Net Worth 2021||Out of business|
|Net Worth 2020||Out of business|
|Net worth valuation 2012 after appearing on Shark Tank||$5 million|
|Net worth valuation 2012 before appearing on Shark Tank||$1 million (business valuation)|
Kisstixx Pitch on Shark Tank
|Product||Flavored lip balm for kissing|
|Episode||Season 03 Episode 07|
|Founders||Dallas Robinson and Mike Buonomo|
|Asked for||$200,000 for 20% Equity|
|Final deal||$200,000 For 40% Equity|
Don’t miss this product from Season 3
Kisstixx was founded by Dallas Robinson and Mike Buonomo in 2010. Dallas and Mike are high school friends who wanted to start their own business after finishing high school. Kisstixx is the result of their curiosity of becoming entrepreneurs. Kisstixx’s founders, Dallas Robinson and Mike Buonomo are now exploring different business ventures since they ceased operations of Kisstixx in 2018.
|2012||Shark Tank appearance/ Getting a deal from Mark Cuban|
|2012-2013||Sold over 5,000 units of the product and distributed samples over 7 countries|
Some companies that appear on the show have not achieved great success, and the Kisstixx was one of them. Sometimes businesses don’t succeed because of many reasons. Sometimes, the deal falls through after the founders say yes on camera. Or, as you’ll see, sometimes things happen to the founders themselves, and they choose to abandon the business. Anything is possible. However, Kisstixx went out of business in 2018, and the product is no longer available in the market.