Zip String
DealString Toy
Best known from its Shark Tank appearance, Zip String is a string toy in Season 14, and convinced Robert Herjavec and Kevin O'Leary to invest.
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From the show
The Shark Tank pitch
- $100K
- Asked for
- 10%
- Offered equity
- $1M
- Sought valuation
- $100K
- Deal amount
- 20%
- Deal equity
- $500K
- Deal valuation
Austin Hillam and Stephen Fazio walked into the Tank in Season 14, Episode 9 in the episode that aired December 9, 2022. Zip String, the string toy, pitched in the Kids & Education category, one of 134 kids & education businesses to brave the Tank across all 17 seasons.
On the carpet, the number was $100,000 for a 10% stake, which valued the company at $1M.
Robert Herjavec and Kevin O'Leary teamed up at $100,000 for 20% equity. That priced the company at $500K, a haircut from the $1M the founders walked in asking for, which is how negotiations in the Tank usually go.
Zip String was one of 87 businesses to pitch in Season 14, where 62 deals got done. In the Kids & Education category overall, roughly 66% of pitches have landed a shark across the show's history.
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Frequently asked questions
Where can I buy Zip String?
Check current price and availability on Amazon. Note that some Shark Tank products are discontinued or sold under a new name.
Did Zip String get a deal on Shark Tank?
Yes. Zip String closed a deal for $100,000 in exchange for 20% equity, with Robert Herjavec and Kevin O'Leary.
Which shark invested in Zip String?
Robert Herjavec and Kevin O'Leary invested in Zip String ($100,000 total as aired).
What season of Shark Tank was Zip String on?
Zip String appeared in Season 14, Episode 9, which aired December 9, 2022.
How much was Zip String asking for on Shark Tank?
The founders asked for $100,000 for 10% of the company, a $1M valuation.
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