As per the latest update from Shark Tank, Yono Clip has a net worth of $10,000. Daymond John invested $150k for a 30% equity in the company. Yono Clip is considered a loss venture.
When founders of Yono appeared on Season 12 of Shark Tank, they just launched the product and generated $4,500 in sales. After the episode aired on TV, they got the usual ‘Shark Tank bump’.
During the next 12 months after the episode aired on television, Yono Clip generated a sales of $180,000. But since then, the growth has gone into a downward spiral.
Due to much cheaper and better quality alternatives available on Amazon, Yono Clip ‘s sales has kept declining at 70% annually. As on today, they generate just under $690 in monthly revenues.
Loss for Daymond
Daymond is a calculated investor, but he took an emotional decision to invest in Yono, since both the founders are Black and he wanted to help the community.
Of the $150k investment he put in the company, he could only recover $60k of it. This means, Daymond John has lost $90k in total.
Yono Clip Net Worth
| Net Worth | $10,000 |
| Annual Sales | $7,400 |
| Lifetime Sales | $390,000 |
| Investor | Daymond John |
| Shark Tank Deal | $150k for 30% |
| Verdict | Disaster |
Shark Tank Pitch
As per Shark Tank episode, Michael Green and Bob Mackey created Yono Clip that suctions to any surface. The clip is a solution to keep your personal belongings off of the floor, and also free from germs.
During their pitch, YoNo Clip had been in the market for two months, generating sales of just $4,500. Presently, the clip is sold at $20, while its production cost is $10.