We’ve all experienced the difficulty of trying to take the ideal picture or video without using our hands. Setting up your phone or camera can be a pain, whether you’re taking a selfie, a time-lapse, or shooting a video. Many tripods just don’t function on all surfaces, aren’t flexible, or don’t support objects firmly.
Tenikle, a brainchild of Hans Dose, comes into play here. Tenikle is a pliable, suction-based tripod and mount that was inspired by an octopus’s suction cups. It is made to adhere to various surfaces and hold your phone, camera, or other devices firmly in place.
Hans made an unusual presentation for Tenikle when he appeared on Shark Tank. His aim was to pay off his debt and secure an investment to aid with marketing. He asked for $200,000 in exchange for 10% equity in Tinkle. Did the entrepreneur get a deal on Shark Tank? Check out our Tenikle update to find out!
tenikle net worth 2024
Hans Dose asked for a $200k investment in exchange for 10% equity in Tenikle. This meant he valued Tenikle at $2 million. He made a deal with Daymond John for $200k in exchange for 30% of the company. This new deal valued Tenikle at approximately $666,667. After the show aired, Tenikle saw a big increase in website traffic, sales, and social media exposure. With an estimated 20% yearly growth rate since then, the current net worth of Tenikle in 2024 is about $1.5 million.
Tenikle Shark Tank Update
As for Tenikle update, After Hans’s Shark Tank debut, Tenikle’s business flourished. Even though he had difficulties before at the exhibition, such as debt, the publicity from it increased sales. Within five minutes of the episode broadcasting, Tenikle items were sold out, and they quickly rose to the top of their category on Amazon.
The business reached $5 million in revenue in 2023 and is still expanding. In order to build an entire ecosystem around the Tenikle brand, Hans is working on growing the product line. His partnership with Daymond John, who joined as an investor, has also contributed to the company’s success. New products from Tenikle are in the works and can currently be found on its website and on Amazon.
Yes, Hans had made a deal and left. At first, he requested $200,000 in exchange for a 10% stake in Tenikle. A few Sharks rejected the offer, but Daymond John gave him $200,000 in exchange for 30% ownership. Daymond refused to back down, despite Hans’s best efforts to reduce the stake down to 25%, and in the end, Hans approved the agreement.
| Shark(s) name | Offer & Demand | Counteroffer | Accepted? |
| Daymond John | $200,000 for 30% equity | $200,000 for 25% equity | Yes |
| Lori Greiner | Out | N/A | N/A |
| Kevin O’Leary | Out | N/A | N/A |
| Robert Herjavec | $270,000 to pay off his debt + $100,000 for 60% equity | N/A | No |
| Mark Cuban | Out | N/A | N/A |
Tenikle Shark Tank Pitch
Tenikle was founded by Hans Dose out of need. He enjoyed producing content and was constantly trying to figure out how to steady his phone or camera so he could take pictures without using his hands. Conventional tripods were too big and challenging to operate on uneven ground or they didn’t suit his demands.
His idea for a flexible, suction-based tripod that could adhere to many surfaces and safe support devices came from octopus suction cups. It wasn’t simply to get the product to market, though. To finance his goal, Hans sold his house and incurred $270,000 in debt in order to live in an RV. Despite the challenges, he persisted because of his intense desire and willpower.
Hans introduced Tenikle to Shark Tank, outlining the product’s usefulness and adaptability. He gave an example of how Tenikle could cling to nearly any surface using suction cups and grip various gadgets. He also emphasized how the product’s waterproof design makes it perfect for outdoor activities. Hans requested $200,000 in order to settle his debt and finance his marketing initiatives for 10% equity.
His aim was to increase Tenikle’s market share and revenue. Through a Kickstarter effort, the product had already achieved success and had sold nearly half a million units. But for Hans to keep expanding, he needed additional funding. Keep reading our Tenikle update to see what happens next!
Mark Cuban appreciated the product and questioned the price and the cost of the product.
The founder replied he sells it for $45 and costs $6.8 to make.
Lori Greiner inquired about the number of sales. Hans revealed they sold over 40,000 units worth $1.3 million to date.
Hans also revealed that he has a 3.7 rating on Amazon and $270,000 debt.
Daymond John asked about his sales last year. Hans answered he did $478,000 in sales last year.
Mark Cuban asked about the inventory Hans had. Hans replied he had about $891,000 in inventory.
Kevin O’Leary was worried about the work required to support the expansion of the company, even though he liked Hans and the product.
Daymond John liked the product and saw potential in Hans. He could empathize with Hans’s hardships because he had gone through a similar experience starting his own company.
Despite his admiration for Hans as an entrepreneur and the idea, Kevin O’Leary was unwilling to invest the time necessary to see the company through to expansion. He did not accept the offer.
Lori Greiner declined the opportunity because she didn’t want to join the congested market for tech accessories.
Robert Herjavec offered to pay off Hans’s debt, but he also demanded a substantial 60% equity with a $100,000 investment. Not willing to cede that much influence over his business, Hans declined.
In the end, it was Daymond who sealed the deal. He made Hans an offer of $200,000 in exchange for 30% equity, stressing his own background in growing and struggling businesses.
Product Availability
From our Tenikle update research, the bending, flexible Tenikle suction tripod and mount can firmly hold devices on nearly any surface. Its distinctive design, modeled after the extensions of octopuses, enables users to take pictures and films without using their hands.
The product can be bought on Amazon and the Tenikle website Tenikle. The cost varies according to the model, and because of its popularity, the product usually sells out. Tenikle generated $5 million in revenue and the business is aiming to build an ecosystem around the brand by extending its range of products.
Conclusion
Hans Dose’s career on Shark Tank revealed the hardships and achievements of entrepreneurship. Despite obstacles, such as debt and unsold merchandise, Hans’ perseverance and enthusiasm paid off. Tenikle is a growing firm with additional items on the horizon thanks to its partnership with Daymond John.
With projected sales of $5 million and intentions to grow, Tenikle appears to have a promising future. Fans and buyers may expect even more innovative merchandise from this business with octopus inspiration.
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.
