Kisstixx, a lip balm brand founded by Dallas Robinson and Mike Buonomo, gained attention on Shark Tank in 2012, securing a $200,000 deal with Mark Cuban. However, despite the initial success, Kisstixx struggled to maintain long-term growth.
The company did not undergo any significant acquisitions and has since gone out of business. While the exact latest net worth is unavailable, Kisstixx failed to secure any crowdfunding or additional investors beyond Mark Cuban.
The business is now defunct, marking the end of its journey despite the initial Shark Tank boost.
Kisstixx Net Worth
| Estimated Net worth | $1 million (business valuation) 2012Â |
| Annual Sales Revenue | Not available |
| Lifetime sales | $2 million |
| Investor | Mark Cuban |
| Founder | Dallas Robinson and Mike Buonomo |
| Employees | Not available |
Kisstixx Pitch on Shark Tank
| Company name | Kisstixx |
| 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 |
| Shark | Mark Cuban |
| Location | USA |
Don’t miss this product from Season 3
Kisstixx Founders
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.
Key accomplishments
| Year | Accomplishment |
| 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. |
Conclusion
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.
