Flipoutz

Flipoutz

Deal

Toys and Games coins

Best known from its Shark Tank appearance, Flipoutz is a toys and games coins in Season 2, and convinced Daymond John to invest.

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From the show

The Shark Tank pitch

$100K
Asked for
20%
Offered equity
$500K
Sought valuation
$100K
Deal amount
25%
Deal equity
$400K
Deal valuation

Jake, Lachland, and Erin Johnson walked into the Tank in Season 2, Episode 3 in the episode that aired April 1, 2011, bringing their Myrtle Beach, NC business with them. Flipoutz, the toys and games coins, pitched in the Fashion & Beauty category, one of 239 fashion & beauty businesses to brave the Tank across all 17 seasons.

On the carpet, the number was $100,000 for a 20% stake, which valued the company at $500K.

Daymond John made the deal at $100,000 for 25% equity. That priced the company at $400K, a haircut from the $500K the founders walked in asking for, which is how negotiations in the Tank usually go.

Flipoutz was one of 36 businesses to pitch in Season 2, where 19 deals got done. In the Fashion & Beauty category overall, roughly 58% of pitches have landed a shark across the show's history.

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Frequently asked questions

Where can I buy Flipoutz?

Check current price and availability on Amazon. Note that some Shark Tank products are discontinued or sold under a new name. The company's official website is another option.

Did Flipoutz get a deal on Shark Tank?

Yes. Flipoutz closed a deal for $100,000 in exchange for 25% equity, with Daymond John.

Which shark invested in Flipoutz?

Daymond John invested in Flipoutz ($100,000 total as aired).

What season of Shark Tank was Flipoutz on?

Flipoutz appeared in Season 2, Episode 3, which aired April 1, 2011.

How much was Flipoutz asking for on Shark Tank?

The founders asked for $100,000 for 20% of the company, a $500K valuation.

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