A common desire among people in today’s world is to meet their favorite superstars. Fans of well-known performers, musicians, or athletes frequently have a strong bond with them despite infrequent opportunities for in-person interaction. Most people think it’s difficult to have a genuine conversation with a celebrity because they don’t have the time, resources, or access.
This is where Keithan and Quiante Hendrick’s platform from Candi comes into play. Candi gives her fans the chance to speak with celebrities directly via video chat.
Keithan and Quiante presented their platform to the Sharks on Shark Tank to get funding to expand their company. They intended to create a mobile application and increase marketing using the money. Keithan and Quiante asked for $500,000 in exchange for 15% equity. Did the entrepreneur get a deal on Shark Tank? Check out our Candi update to find out!
candi net worth 2024
Keithan and Quiante asked for a $500k investment in exchange for 15% equity in Candi. This meant they valued Candi at approximately $3.33 million. Since they did not secure a deal on Shark Tank, the valuation remained the same. After the show aired, Candi saw a big increase in website traffic, sales, and social media exposure. With an estimated 15% yearly growth rate since then, the current net worth of Candi in 2024 is about $5 million.
Candi Shark Tank Update
As for Candi update, even though Keithan and Quiante didn’t get a deal after appearing on Shark Tank, their business, Candi, was still operating. Candi is still operating today, giving fans the opportunity to have private video conversations with hundreds of superstars. The network now features a wider range of celebrities on its roster, including actors, musicians, chefs, and athletes.
Chris Kattan, Mya, Sisqo, and Chaka Khan are a few well-known names. Depending on the celebrity, chat fees might range from $25 to several hundred dollars. The business has kept up the momentum after its Shark Tank debut, and both of the founders have pursued other projects. Keithan provides business consulting services, while Quiante is the creator of the “Go Best Friend” podcast.
No, Candi could not close a deal on Shark Tank. Originally, Keithan and Quiante wanted $500,000 in exchange for 15% stock. None of the sharks will invest, even after they made a lot of effort to convey the platform’s potential.
| Shark(s) name | Offer & Demand | Counteroffer | Accepted? |
| Kevin Hart | Out | N/A | N/A |
| Lori Greiner | Out | N/A | N/A |
| Kevin O’Leary | Out | N/A | N/A |
| Barbara Corcoran | Out | N/A | N/A |
| Mark Cuban | Out | N/A | N/A |
Candi Shark Tank Pitch
That Keithan and Quiante Hendrick had no Hollywood contacts when they founded Candi added to the success of their quest. They supported fostering a more intimate and approachable relationship between fans and celebrities.
Even if the idea of celebrity meet-and-greets is not new, video chats with celebrities are an ideal option because the pandemic forced everything online. Within a week of the platform’s introduction, they signed up for celebrities despite their lack of experience in the entertainment sector. The company grew because of their dedication and fortitude, although they initially had to overcome the difficulty of being unique in a competitive market.
Keithan and Quiante introduced Candi as a platform that allowed fans to have private, five-minute video conversations with their favorite celebrities during their Shark Tank pitch. They clarified Candi would receive a 25% part of the sales and that celebrities choose their own fees. They intended to enhance marketing efforts and create a mobile application with a $500,000 investment.
They highlighted the growing popularity of app-based services and described how the app might expand their company’s market share. Even though the company has made $100,000 in sales since its 2020 launch, the sharks remained unconvinced of its ability to grow. Keep reading our Candi update to see what happens next!
The goods and business plan was the subject of many questions from the sharks.
Barbara inquired about the price. The founders explained it depends on the celebrities and their popularity. The lowest price is $5 to $10, and the highest is $400.
Kevin Hart wanted to know about their engagement with their customers and how big their platform was. The founders revealed that they have over 350 celebrities and influencers and they have done over 2000 meets.
Kevin Hart voiced his concerns about the company’s over-reliance on celebrity endorsements, pointing out that similar initiatives have failed in the past.
Kevin Hart further inquired about what they would do with the investment. Founders told the sharks that they wanted to improve the technology for an app, and also they want a talent acquisition team. They also want to increase their marketing strategies.
Kevin Hart left because he believed the company was still in its infancy and that depending solely on celebrities, for promotion would not be sustainable.
Mark Cuban chose not to submit a bid because he didn’t think the company was investable given its high valuation.
Kevin O’Leary declined as well, seeing no benefit in investing $500,000 in an unproven company.
Lori Greiner and Barbara Corcoran decided not to invest because they felt the request was excessive, given what the firm could provide.
Ultimately, Candi departed the tank without a deal, since none of the sharks made an offer.
What Went Wrong With Candi On Shark Tank?
Candi didn’t get a deal for a few main reasons. Initially, the sharks believed it wasn’t worth the risk because the valuation was too high for the stage the company was at. The notion of celebrity video chats was perceived as a specialized industry, and some investors complained about its potential to develop into a viable enterprise.
The sharks also didn’t think Keithan and Quiante had a well-defined strategy to carry out their idea and expose Candi to a wider audience. The sharks withdrew because of all these reasons, leaving Candi without an investment.
Product Availability
From our Candi update research, a five-minute video chat with celebrities from a variety of fields, such as actors, artists, athletes, chefs, and more, is a unique opportunity that Candi provides her audience with. Chris Kattan, Chaka Khan, and Mya are a few well-known figures that may be found on the platform.
Prices on the platform vary from $25 to several hundred dollars, and celebrities are free to determine their own pricing. Although Candi does not currently have an app, their website Candi is up and running. Through their platform, you may immediately schedule sessions. Candi is only accessible online at this time; meet-and-greet locations are not available.
Conclusion
Despite Candi’s failure to close the deal on Shark Tank, the firm is still operating and expanding. The idea of Keithan and Quiante Hendrick to facilitate video chats between fans and celebrities is still going strong, and they have added a broad range of prominent personalities to their list of celebrities.
The business idea and hefty valuation alarmed the sharks, but Candi has shown that there is a market for intimate celebrity encounters. The founders are extending their brand by launching additional businesses such as Quiante’s podcast and Keithan’s consulting services. Candi appears to have a bright future ahead of it, and as the business expands and changes, we can expect more fascinating updates.
Hey, I’m Amna Habib an undergraduate student of Bachelors in Business Administration. Shark Tank is one of my favorite TV shows of all time. The show provides a fascinating insight into the world of entrepreneurship by presenting creative solutions to common problems, which strongly connects to my academic interests. I’m interested in learning more about the strategic thinking and creativity that lead these companies as each pitch provides insightful information. I’ve found that watching Shark Tank has inspired my enthusiasm for business and entrepreneurship and has been a very enlightening and motivating experience. Apart from business and writing, I love food, shopping, and hanging out with friends and family. Read more About me.
