LIFTiD’s Net Worth in 2024: Ken and Allyson Davidov made something that they say will help people be more focused, productive, and perform better. They say that coffee is what most people depend on, but they think their product works even better. Will they make a deal on Season 12 of Shark Tank? Check out our LIFTiD update to find out!
LIFTiD’s Net Worth in 2024
Liftid’s wealthy people have used sugar and coffee to focus their minds for a very long time. Ken and Allyson Davidov came up with a new way to get the same results without using drugs.
Liftid is a neurostimulation headgear that makes the brain work better. They were on Shark Tank, but no deal came their way. Techie Gamers says that Liftid is worth $20 million right now, in 2024.
The People Who Started Liftid
They live in New York City with their daughter Allyson. Ken went to Tulane University and got his bachelor’s degree in marketing. He was 23 years old when Hasbro named him National Seller of the Year. In 1987, he was the COO of Coda International, a business that made things.
He didn’t start his first business, Global Ionics, until 2008. The business is still going, and in 2020, he helped start a new business called Taste Boosters. Ken and Allyson did not come up with the idea for the product themselves, even though they pitched it on Shark Tank.
The product was created by Dr. Theodore Schwartz, a graduate of Harvard University and one of the best brain surgeons in the United States. Liftid Takes OffDr.
Schwartz knows a lot about surgeries that are led by computers. Through his work, he came up with transcranial direct current stimulation (tDCS), a way to stimulate certain parts of the brain without damaging them.
More than 5,000 medical studies have shown that it works to boost efficiency. Still, these kinds of brain stimulation can cause side effects like feeling sick, getting headaches, and being tired. The two people, Ken and Allyson, worked together to get people to buy into the plan.
Liftid was released in 2018 by RPW Technology. The Davidovs advertised the creation on Gadgetflor, where it got good reviews. In two years, they sold over 1,240 pieces and made $126,000.
Putting Liftid forward on Shark Tank
Ken and Allyson Davidov thought that Liftid could reach more people in 2020, and they thought that Shark Tank was the best place to do it.
They asked for $200,000 in return for a 10% stake in the company on season 12 of Shark Tank. During the pitch, Ken wore a headset that looked weird.
The lively pair gave an enthusiastic performance, which the Sharks put to the test. The Sharks didn’t seem interested, and Cuban’s reading of the medical statement was the last straw.
Ken wouldn’t stop talking, which made things even worse. The Sharks didn’t want to be linked to this kind of offering.
The look on Allyson’s face at the end of the pitch said it all! They might have been able to get a deal if they had been more scientific.
Liftid’s Update After Shark Tank
Kevin called them one of the weirdest pitches on the show, but the attention they got was very helpful. Buys on GetLiftid.com went through the roof after their show aired.
The large number of people visiting their website made them want to start selling on Amazon and reach more of their users.
Five stars out of five for Liftid headbands on Amazon, from more than 205 buyers. 42% of buyers gave it five stars, and the bad reviews show that there are problems with the battery.
The company Liftid is worth about $20 million and makes about $5 million a year. Since it is a private company, the company hasn’t released any current sales numbers yet.
Does LIFTiD still exist?
You could buy LIFTiD on Caputron, Amazon, and the LIFTid website in the past. As of September 2024, though, all of these places say the item is sold out.
The LIFTiD website says the device is out of stock because they are “doing a full redesign and repackaging for this popular tDCS headset.”
Now you know why. We don’t know when it will be back in stock again. We’re not sure what that means for the future of LIFTiD. Or is the company having trouble? Do they have a new idea for their electric device? Some people have liked the gadget, some haven’t.
LIFTiD has a score of 4.7 out of 5 stars on Caputron from just 45 people, but more than 200 buyers have given it a score of 3.5 out of 5.
Many people seem to like and recommend the product, but some have had problems with its battery life and others didn’t notice a change in how well it worked.
And, of course, many people will be as confused by LIFTiD as the sharks were because it is such new technology. To help calm people down, the company has a page on its website that answers questions and addresses worries about the technology and tDCS.
Along with a list of sources, the page has several movies with neurosurgeon Dr. Theodore H. Schwartz that go into detail about how tDCS affects the brain.
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