In this blog post, we will be talking about Snactiv – a company that appeared on Shark Tank. If you’re not familiar with Shark Tank, it is a reality TV show where entrepreneurs pitch their business ideas to a panel of investors (the “sharks”). If the sharks like the idea, they may invest in the company. In the case of Snactiv, the sharks didn’t invest in the company but the founder did receive some valuable advice from them.
What is Snactiv?
You can have your favorite snacks without having to give up on being productive! With Snactiv, there’s no need for greasy fingers or dirty hands after finishing a bag of delicious chips. When it comes time do some important work and all you want is some munchies. Simply pull out this cleverly designed device from its slot so that both pieces pop open like magic (no magical spells needed here). Now you can go about your business with clean hands and a delicious snack!
The Snactiv is a device that promises to deliver more snacks into your mouth without interrupting activities or getting covered in grease. The function of the tool, according to its creators on Kickstarter (and our personal experience), works as promised – there’s no need for any other snacking methods after using this ingenious product!
So if you like to eat but hate getting your hands dirty, or just want to try something new, the Snactiv is definitely worth a try.
Who is the Snactiv Founder?
The device was created by two young entrepreneurs, Edwin Cho and Kevin Choi.
Kevin’s career has spanned a wide range of industries, including toy design for some incredibly popular brands. He completed his BFA from the Otis College Of Art And Design before going on to work with Mattel and Disney amongst others!
Edwin is a brilliant and hardworking individual who has overcome many hardships to get where he wants. He studied at the NYU Stern School of Business, worked for Mattel as well in their toy design department before founding Inoobi Incorporated alongside Kevin .
They both had a background in mechanical engineering and product design. Kevin worked in management consulting after college while Edwin worked in various startups before they decided to start their own company together.
The two friends wanted to start something new together so they came up with Inoobi Incorporated. Kevin is currently the CEO, and Edwin is the Chief Product Officer.
They are young and ambitious, and they have a lot of energy.
The duo decided to pursue their dream of starting a business together. They are a group of designers and engineers with extensive experience developing products for large corporations such as Mattel, Disney, etc.
They have previously collaborated on projects together including software design to game development. Their experience in launching products makes them an excellent choice for developing and releasing your new idea as quickly, efficiently, or higher quality than necessary.
Did Snactiv Get a Deal on Shark Tank?
The short answer is yes.
Edwin and Kevin wanted to get $200,000 in return for 10% equity. They knew that this was a high ask, but they were confident in their product.
The sharks were impressed with the product and the brothers’ passion. They decided to work together and offer $200,000 for 20% equity. Edwin and Kevin accepted the offer.
Moreover, it is difficult to get a deal on Shark Tank. Out of the 40,000 businesses that apply, only about 100 make it on the show.
The duo was happy with the deal because they feel like they can really make a difference with the extra money and resources.
Edwin and Kevin’s story is an inspiring one. They took a risk and it paid off. If you have a great product, don’t be afraid to go after your dreams.
Is Snactiv Still in Business?
The short answer is yes. And they are successful. Their product is now sold in over 100 stores across the country, including Amazon and Walmart.
The friends were so excited about the success of their new product that they couldn’t wait to scale up production. However, it didn’t take long before there was a shortage, and demand outpaced supply again!
This time round Snactiv faced some stiff competition from cheap knockoffs who had started making them look like china junk – but these guys managed to rise above all else with help from some key strategic partnerships.
They have partners and distributors in third-party countries such as Taiwan, Canada, and Japan. You can purchase their product on Amazon in these countries as well!
How much does Snactiv cost?
It costs 15 dollars or you can buy a product with a case for 18 dollars. It is not too much for such a useful product.
How many colors does Snactiv come in?
Snactiv comes in black, white, or yellow.
Why Shark Tank is so popular?
Shark Tank is popular because it offers a chance for entrepreneurs to pitch their businesses to a panel of successful investors, who can then choose to invest in the company. This show has helped launch many businesses and has made people very wealthy.
Useful Video: Snactiv: Reviewing A Product I Saw On Shark Tank
So what’s the final verdict on Snactiv? Overall, we think it’s a great product with a lot of potentials. We’re excited to see where the company goes from here and how they continue to grow.
We have seen many great products come out of Shark Tank and we think Snactiv has the potential to be one of them. We’ll definitely be keeping an eye on this company and we suggest you do too!
If you’re interested in trying Snactiv for yourself, you can purchase it on their website or Amazon.
We hope you enjoyed this post and found it informative. Do you have any thoughts on Snactiv or Shark Tank? Have you tried Snactiv? Let us know in the comments below!
Thanks for reading!