Snactiv Shark Tank – Founder, Net Worth, and Investment

Snactiv, the innovative snacking tool, made its appearance on Shark Tank and attracted investment from the Sharks. The founders, Kevin Choi and Edwin Cho, pitched their product and ultimately accepted a deal. Let’s dive into the details of Snactiv’s journey on Shark Tank, its founders, net worth, and the investment it received.

Key Takeaways:

Snactiv appeared on Shark Tank and received investment from the Sharks.
The founders of Snactiv are Kevin Choi and Edwin Cho.
Snactiv’s net worth is estimated to be $2 million.
Snactiv’s appearance on Shark Tank led to increased demand and popularity.
Customers have left positive reviews and feedback for Snactiv.

The Creation of Snactiv

Snactiv, the innovative snacking tool that has taken the market by storm, was founded by Kevin Choi and Edwin Cho, two visionary entrepreneurs. Kevin Choi, the president and founder of Inoobi, Inc., came up with the brilliant idea of solving the age-old problem of messy snacking while working or gaming. Recognizing the need for a cleaner and more convenient snacking experience, Kevin and Edwin joined forces to bring Snactiv to life.

“Our goal was to create a snacking tool that would revolutionize the way people enjoy their favorite snacks, without the hassle of dirty hands or messy crumbs,” said Kevin Choi, Snactiv’s founder.

With their combined expertise in product development and a passion for innovation, Kevin and Edwin meticulously designed and engineered Snactiv to be the ultimate snacking accessory. Their dedication to delivering a high-quality and functional product has set Snactiv apart in the industry.

By blending the ergonomic design of chopsticks with the precision of tweezers, Snactiv allows users to effortlessly pick up snacks without any mess. The sleek and intuitive design of the snacking tool fits comfortably on the index and middle finger, making it ideal for snack enthusiasts who frequently use electronic devices.

Snactiv is made from BPA-free, food-safe materials, ensuring the highest standards of safety and hygiene. It is also dishwasher safe, making it easy to clean and maintain.

The creation of Snactiv is a testament to the entrepreneurial spirit of Kevin Choi and Edwin Cho. Their passion for solving everyday problems with innovative solutions has made Snactiv a game-changer in the snacking industry.

Introducing the Founders:

Kevin Choi, the mastermind behind Snactiv, is not only the founder of Inoobi, Inc., but also a successful entrepreneur with a proven track record of turning ideas into reality. With his forward-thinking mindset and expertise in business strategy, Kevin has played a pivotal role in the growth and success of Snactiv.

Edwin Cho

A co-founder of Inoobi, Inc., Edwin Cho brings a wealth of knowledge and experience to the Snactiv team. His technical expertise and attention to detail have been instrumental in shaping Snactiv’s design and functionality, allowing it to meet the highest standards of quality and performance.

Together, Kevin Choi and Edwin Cho have brought Snactiv to life, empowering snack enthusiasts around the world to enjoy their favorite treats without worrying about the mess. Their dedication to innovation and commitment to customer satisfaction have propelled Snactiv’s success and cemented its position as a leader in the snacking accessory market.

How Snactiv Works

Snactiv is a snacking accessory designed to revolutionize how you enjoy your favorite snacks. Its innovative functionality, features, and design make it the perfect tool for mess-free snacking.

The ergonomic design of Snactiv combines the convenience of chopsticks with the precision of tweezers, allowing you to effortlessly pick up snacks without dirtying your hands. The snacking tool features two prongs that can be comfortably worn on your index and middle finger, providing a clean and convenient way to snack while using electronic devices, such as gaming controllers or keyboards.

Snactiv is made from BPA-free, food-safe material, ensuring that your snacks are safe to enjoy. It is also dishwasher safe, making it easy to clean after each use. The sleek and compact design of Snactiv makes it portable and travel-friendly, allowing you to satisfy your snack cravings anytime, anywhere.

Whether you’re enjoying chips, nuts, fruit, or any other snack, Snactiv’s design ensures that your fingers stay clean and your devices remain free from smudges or crumbs. It’s the ultimate snacking accessory for those who value cleanliness and convenience.

Feature
Description

Ergonomic Design
Resembles a cross between chopsticks and tweezers for easy snack picking

Wearable Prongs
Fits on index and middle finger, providing a clean and convenient snacking experience

BPA-free Material
Made from safe, food-grade materials

Dishwasher Safe
Easy to clean for hassle-free maintenance

Compact and Portable
Designed to be travel-friendly, perfect for snacking on the go

Snactiv’s functionality and design make it a must-have accessory for snack enthusiasts. Say goodbye to messy fingers and hello to a cleaner snacking experience with Snactiv.

Snactiv on Shark Tank

Season 13 of Shark Tank showcased the Snactiv snacking tool as founders Kevin Choi and Edwin Cho pitched their innovative product to the Sharks. Their goal was to secure an investment that would help take their business to new heights. While the Sharks initially saw the product as a gimmick, they were quickly impressed by its functionality and potential in the market.

The Snactiv Shark Tank pitch caught the attention of Kevin O’Leary and Lori Greiner, who saw the value in this unique snacking tool.

Kevin O’Leary and Lori Greiner made an offer of $200,000 for 20% ownership of Snactiv. Recognizing the opportunity to partner with experienced entrepreneurs, Kevin and Edwin accepted the deal. This marked a significant milestone in Snactiv’s journey, solidifying their position as a promising player in the snacking accessory industry.

Snactiv on Shark Tank in Numbers

Shark
Offer
Equity

Kevin O’Leary
$200,000
20%

Lori Greiner
–
–

Shark Tank provided Snactiv with the platform to showcase its innovation to a broad audience, attracting the attention of prominent investors. With the backing of Kevin O’Leary and Lori Greiner, Snactiv gained not only financial support but also valuable expertise and connections. This exciting partnership has set the stage for Snactiv’s future growth and success.

Snactiv’s Net Worth

During their Shark Tank appearance, Snactiv sought $2 million in funding but settled for a valuation of $1 million. The company has ambitious revenue projections, with an anticipated earning of approximately $1 million in 2023. As of 2023, Snactiv’s net worth is estimated to be $2 million.

“Snactiv has shown impressive potential, securing a valuation of $1 million on Shark Tank and projecting significant revenue for the coming year.”

– Industry Expert

Snactiv’s Funding and Valuation

Snactiv managed to attract attention and investment on Shark Tank, achieving a substantial valuation despite not meeting their initial funding goal. The Sharks recognized the potential of Snactiv’s innovative snacking tool, leading to a valuation that reflects its market value. While the company settles for a $1 million valuation, its projected revenue surpasses expectations.

Funding Sought
Valuation
Projected Revenue (2023)

$2 million
$1 million
$1 million

Despite not reaching their desired funding amount, Snactiv’s valuation of $1 million demonstrates investor confidence in its growth potential and market viability. The projected revenue aligns with the company’s ambitious goals and showcases their commitment to success in the snacking accessory industry.

Snactiv’s Impact and Demand

Since its appearance on Shark Tank, Snactiv has experienced a significant impact and a surge in demand for its innovative snacking tool. The product’s unique design and functionality have made it a favorite among gamers and professionals who snack while using electronic devices.

The convenience and cleanliness offered by Snactiv have resonated with users, leading to its growing popularity in the market. Users appreciate the ability to enjoy their favorite snacks without making a mess, keeping their hands clean and their devices free from crumbs and residue.

The positive reception of Snactiv has resulted in its expansion into major retail stores. Customers can now find Snactiv available for purchase at well-known retailers such as Walmart and Target, further fueling its popularity and availability to a wider audience. Additionally, Snactiv can be conveniently purchased online through their official website and on Amazon.

Overall, the impact of Snactiv on the snacking industry cannot be underestimated. Its demand continues to grow as more people recognize the benefits of this innovative snacking tool. Snactiv’s availability in retail stores and online platforms facilitates easy access for those wishing to elevate their snacking experience.

Snactiv Customer Reviews

Customers who have tried Snactiv have left positive reviews and feedback. Many customers appreciate the convenience and functionality of the snacking tool, as it helps keep their hands and devices clean while snacking. Some customers have mentioned that it has helped them reduce their snacking habits by encouraging them to eat one piece at a time. Overall, Snactiv has received favorable customer reviews and testimonials.

“I absolutely love my Snactiv! It’s such a simple yet ingenious invention. It makes snacking on the go so much easier, and I don’t have to worry about getting my hands dirty. It has become an essential accessory for me!” – Sarah

Snactiv’s customers are impressed with how the snacking tool enhances their snacking experience. The innovative design of Snactiv allows for effortless and mess-free snacking, making it a favorite among users. Snactiv reviews highlight the tool’s durability, ease of use, and versatility in various snacking scenarios.

Convenience: Users appreciate how Snactiv simplifies their snacking routine. With the ability to pick up snacks easily, users can enjoy their favorite treats hassle-free, whether they are working, gaming, or on-the-go.

Cleanliness: Snactiv eliminates the need to touch snacks directly, keeping hands clean and preventing messy residue from accumulating on electronic devices or surfaces.

Portion Control: Users have found that Snactiv helps them practice portion control by encouraging them to take one piece at a time, leading to healthier snacking habits.

Snactiv’s positive customer feedback and testimonials reflect the satisfaction and delight experienced by users. These reviews are a testament to the product’s effectiveness in providing a convenient and hygienic snacking solution.

As shown in the image above, Snactiv’s ergonomic design makes it comfortable to use and ensures a secure grip. The prongs of the snacking tool fit perfectly on the index and middle finger, allowing for precise and controlled snacking.

Where to Buy Snactiv

If you’re looking to snag Snactiv, you’re in luck! This innovative snacking tool can be purchased through multiple channels, ensuring its availability to a wide range of customers.

Official Website and Amazon

Snactiv is conveniently available for purchase on their official website. Simply visit their website, browse through their selection, and add Snactiv to your cart. With just a few clicks, you’ll be on your way to enjoying mess-free snacking.

Additionally, Snactiv is also sold on Amazon, a popular online marketplace. If you’re a frequent Amazon shopper, you can easily find Snactiv and have it delivered right to your doorstep.

Major Retailers

For those who prefer to shop in-store, Snactiv can be found at major retailers such as Walmart and Target. Simply visit your nearest Walmart or Target location and look for Snactiv in the kitchenware or snack aisle.

International Availability

Snactiv has expanded its market presence beyond the United States. Residents of affluent regions like South Korea, Hong Kong, and Taiwan can also find Snactiv at select retail stores and online platforms.

Whether you’re shopping online or visiting your favorite retail store, Snactiv is readily accessible, ensuring that you can acquire this game-changing snacking tool with ease.

Snactiv Price and Options

One of the key factors that potential customers consider before purchasing a product is its price. The Snactiv snacking tool is available for purchase at just $16 on their official website. This competitive price allows customers to experience the convenience and cleanliness of Snactiv without breaking the bank.

Additionally, customers have the option to purchase a case for an additional $3 to store their Snactiv snacking tool. This accessory ensures that the snacking tool remains clean and protected when not in use, further enhancing its functionality and durability.

When it comes to personal preference and style, Snactiv offers different color variations to suit individual tastes. Customers can choose from a range of colors, allowing them to express their personality while enjoying their favorite snacks with Snactiv.

For those who wish to take advantage of bundle options, Snactiv provides attractive choices. Customers can explore bundle packs that may include multiple Snactiv snacking tools or combined offers with other complementary products. These bundle options give customers the opportunity to save on their purchase and even share the convenience of Snactiv with their loved ones.

As with any product, the price of Snactiv may vary slightly on different platforms or retailers. It is recommended to check the official website for the most accurate and up-to-date pricing information.

Snactiv’s Success and Expansion

Since its appearance on Shark Tank, Snactiv has experienced tremendous success and remarkable growth in the market. The innovative snacking tool has captured the attention of snack enthusiasts and garnered a loyal customer base.

The company’s commitment to meeting customer preferences and evolving demands has resulted in the introduction of new colors and variations of the snacking tool. By continuously expanding its product line, Snactiv ensures that customers have a wide range of options to choose from.

One such addition is the Snactiv Lite, a lighter version of the original snacking tool. It offers the same convenience and functionality while catering to individuals who prefer a sleeker design.

Snactiv maintains a strong online presence and actively engages with customers on various social media platforms. Through interactive campaigns and promotions, the company strives to create a sense of community and further promote the Snactiv brand.

Customer Reviews

“Snactiv has been a game-changer for me! I love the variety of colors they offer and how easy it is to use. Snacking has never been so hassle-free!” – Emily

“I can’t imagine snacking without Snactiv anymore. It’s such a simple yet ingenious product. I highly recommend it to anyone who wants to keep their hands clean while enjoying their favorite snacks!” – Mark

Snactiv’s Future Plans

Looking ahead, Snactiv is committed to continuous innovation and meeting the changing needs of snack enthusiasts. The company aims to further expand its product offerings and solidify its position as a leading brand in the snacking accessory market.

Snactiv Highlights
Snactiv Lite Features

Wide range of colors and variations
Lightweight and sleek design

Positive customer reviews and testimonials
Easy to use and maintain

Expansion into major retailers and online platforms
Food-safe material and dishwasher safe

Active engagement with customers on social media
Continued commitment to innovation

Snactiv After Shark Tank

After their appearance on Shark Tank, Snactiv did not secure a deal with Lori Greiner and Kevin Hart. However, this setback did not hinder the company’s growth and innovation. Snactiv has continued to expand its product line, cater to customer needs, and maintain a strong online presence. While the specific details of their post-Shark Tank journey are undisclosed, Snactiv remains a thriving business, committed to enhancing the snacking experience for its customers.

Snactiv’s Future Outlook

Looking ahead, Snactiv has a bright future in the market of innovative snacking solutions. The demand for convenient and mess-free snacking options continues to grow, and Snactiv is well-positioned to meet this need.

One of the key strengths of Snactiv is its ability to adapt and evolve based on customer feedback. By actively listening to the voices of snack enthusiasts, the company can consistently introduce new products and enhancements to improve the snacking experience.

With a rapidly expanding customer base and positive reviews, Snactiv has the potential to become a leading brand in the snacking accessory market. The dedication and passion of the founders, Kevin Choi and Edwin Cho, in driving innovation forward, ensure that Snactiv will continue to meet the evolving needs of snack enthusiasts.

FAQ

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