Flipoutz

Collectible silicone bracelets with tradeable trackable coins for kids

FlipoutzDidn't CloseChildren & EducationWebsiteCharlotte, NCby Jake Johnson, Lachlan Johnson, Erin JohnsonS2E3

Pitch Details

Season / Episode

S2E3

Apr 1, 2011

Ask

$100,000

for 20%

Ask Valuation

$500,000

Deal

$100,000

for 33%

Watch the Pitch

Deal Terms

Amount$100,000
Equity33%
Valuation$400,000
Kevin O'LearyKevin O'LearyRobert HerjavecRobert HerjavecDaymond JohnDaymond John

What Happened Next

Operating
0
  • On-air deal with Kevin O'Leary, Robert Herjavec, and Daymond John for $100K/33%
  • Collectible silicone bracelets with tradeable trackable coins for kids
  • Expanded to five continents; sold at Toys R Us, Hallmark, and Walmart
  • Sold to Wild Craze in 2013 for undisclosed amount; rebranded as Snap Tagz in 2015
  • Snap Tagz product line eventually discontinued; no longer available

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