In the realm of entrepreneurship, going from poverty to prosperity frequently requires spurts of creativity, tenacity, and good fortune. The creator of Tenikle, Hans Dose, is the ideal representation of this story.
Hans’s journey from living in an RV and having $270,000 in debt to landing a million-dollar retail contract is quite inspiring. This page explores Tenikle’s journey, Hans Dose’s biography, and its estimated net worth in 2024.
Founding and Establishment of Tenikle
Hans Dose is the founder of Tenikle, which he established in 2017. The idea for Tenikle originated from a personal experience when he attempted to secure his broken phone using a suction cup phone holder in his car.
This led him to innovate a new type of tripod that features suction cups, allowing it to attach securely to various surfaces, mimicking the flexibility of an octopus’s tentacles.
Founding Journey
- Initial Concept: Hans Dose, a designer with experience working for brands like Billabong and Hurley, was inspired to create Tenikle after a hiking incident where his phone fell while he was trying to take a photo. He envisioned a more versatile and secure mounting solution for devices.
- Prototyping and Crowdfunding: After several iterations and failures in developing prototypes, he launched a Kickstarter campaign on August 22, 2017, raising $107,283 from 2,168 backers within 39 days. He later sought additional funding through Indiegogo, where he raised $126,922.
- Product Features: The Tenikle tripod is designed to hold devices like cameras and smartphones, with the ability to support up to 30 pounds. Its unique design allows for 360-degree movement and secure attachment to flat surfaces.
Challenges and Growth
Despite initial success, the company faced challenges, including delays in product delivery to backers. However, the exposure from its appearance on Shark Tank in December 2021 significantly boosted its visibility and sales.
Hans pitched for $200,000 for 10% equity and ultimately secured a deal with Daymond John for $200,000 for 30% equity. Since then, Tenikle has continued to grow, launching new products and expanding its market presence, including partnerships with retail outlets.
The company has become recognized for its innovative approach to mobile accessories, reflecting Hans Dose’s journey from financial struggle to entrepreneurial success.
Tenikle Shark Tank Update
Tenikle, a flexible tripod with suction cups for phones and cameras, appeared on Shark Tank in December 2021. Founder Hans Dose pitched the product, seeking $200,000 for 10% equity.
Shark Tank Appearance
- Hans Dose was $270,000 in debt and living in an RV with his wife due to Tenikle’s financial troubles
- Kevin O’Leary and Lori Greiner went out, feeling the proposition was too risky
- Robert Herjavec offered $270,000 to pay off the debt plus $100,000 for 60% equity, with the condition of bringing in new partners
- Daymond John offered $200,000 for 30% equity, which Hans accepted after declining Robert’s deal
Post-Shark Tank Success
- The Tenikle completely sold out on Amazon within 5 minutes of the episode airing, reaching #1 in its category
- In the 6 weeks after the episode, Tenikle generated $375,000 in revenue
- The company is on track to hit $5 million in revenue in 2023 but was limited by 4 months of being out of stock
- Tenikle expanded to over 1300 Lowes stores and added new products like the Tenikle 360 with a 4th swivel arm
- As of July 2024, Tenikle has over $5 million in lifetime sales.
Tenikle’s appearance on Shark Tank was a major turning point, providing the funding and exposure to drive the company’s rapid growth and expansion. Hans Dose’s vulnerability and candor during the pitch resonated with viewers and the sharks, leading to a successful deal with Daymond John.
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Tenikle’s Net Worth in 2024
As of 2024, Tenikle’s estimated net worth is around $2 million, according to SharkTankTalks. This valuation reflects the company’s significant growth and success in the market since its appearance on Shark Tank, where it initially valued the company at $2 million as well.
Tenikle has achieved substantial sales, reportedly generating over $5 million in total sales since its launch, with annual sales reaching approximately $2 million in 2022 alone.
The company has expanded its retail presence, including partnerships that have led to commitments worth millions, further enhancing its market position and financial stability.
Overall, Tenikle’s innovative product design and strategic business moves have contributed to its strong financial standing in 2024.
Is the Company Still in business?
Yes, Tenikle is still in business as of 2024. The company has continued to thrive following its appearance on Shark Tank, where it secured a deal with Daymond John.
Since then, Tenikle has reported impressive sales figures, generating approximately $1.3 million in revenue in 2022 and maintaining a strong market presence with ongoing product innovations and retail partnerships.
Despite some challenges, including customer complaints and a recent inquiry from the Better Business Bureau regarding its business practices, Tenikle remains operational and is focused on growth and customer satisfaction.
The company has also been featured on various media platforms, further enhancing its visibility and appeal in the mobile accessory market.
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