What Happened to iFork After Shark Tank?
What is iFork?
The iFork is a unique and innovative design that prevents utensils from ever touching the table. This not only helps to keep tables and counters clean of food residue, but it also helps to prevent the spread of surface germs.
To make things even easier, the forks, spoons, and knives are equipped with an interlocking mechanism that allows everything to be assembled and carried with one hand.
Kyle Donovan is the developer of iFork, a one-of-a-kind tableware company that launched in 2014. Kyle, who resides in Brooklyn, New York, started his own picture studio after working at a photo lab.
He then began dabbling in the stock market, and the money he made allowed him to start his own magazine. Klye is now the CEO of The Incubator, a media and social networking platform for fresh talent with two C’s.
Who is the creator of iFork?
Kyle Donovan is the creator of iFork, a one-of-a-kind tableware company that launched in 2014. Kyle, who resides in Brooklyn, New York, started his own picture studio after working at a photo lab.
The iFork is unique in that its clever design prevents the utensils from ever coming into contact with the table. According to their website, this not only keeps tables and counters clean of food residue, but it also helps to reduce surface germ transmission.
To make things even easier, the forks, spoons, and knives are equipped with an interlocking mechanism that allows everything to be assembled and carried with one hand. Kyle Donovan is the developer of iFork, a one-of-a-kind tableware company that launched in 2014.
Kyle, who resides in Brooklyn, New York, started his own picture studio after working at a photo lab. He then began dabbling in the stock market, and the money he made allowed him to start his own magazine.
Klye is now the CEO of The Incubator, a media and social networking platform for fresh talent with two C’s.
Donovan detested having his utensils come into contact with dirty surfaces, so he designed silverware that keeps forks, knives, and spoons “suspended” above the table.
The key is a little ball that lifts the business end of dining utensils off the table. This keeps germs from spreading on utensils from a dirty table.
He attempted to establish the firm in 2013 with an IndieGoGo campaign that raised only $4624 (on a $25,000 goal).
He’s since created a complete range of interlocking utensils, cups, and plates that allow diners to keep their food secure and germ-free.
Stainless steel silverware that stacks or rests on the iFork ball is available, as is plastic cutlery (including “sporks”). Patents safeguard Donovan’s products. In addition to cutlery, he provides a whole “system” of plasticware.
The set comprises a plastic knife, fork, spoon, plate, and cup. Customers can handle their whole meal, including silverware, in one hand because to the interlocking pieces.
The combo sets are available in an 8-pack for $19.99. The price of a set of six stainless steel flatware is $125. (A fork, a salad fork, a knife, a teaspoon, and a tablespoon)
What Happened to iFork’s Shark Tank Pitch?
Kyle opted to propose his proposal to the Sharks in episode 15 of season 9 of iFork on Shark Tank in order to receive assistance with both production and distribution.
Kyle entered the Shark Tank seeking $100,000 in return for a 5% ownership in his company, which worth $2 million.
He tells his story and makes his pitch, then does a little dance while holding the interconnected plate, cup, and silverware.
He provides the Sharks some interlocking set up examples as well as some snacks.
He admits to running a 500-store test with Walmart. It sold, but he wants a Shark to help him promote his company.
Barbara comes in with a $100,000 offer for a 20% ownership in the company in exchange for redesigning both the plates and the packaging.
Mark exits because he dislikes the packing. Lori feels it will be tough to sell, therefore she has chosen to quits. Rohan is not far behind. Robert thinks Barbara would be a great partner, therefore he’s out.
Kyle counters Barbara’s $100,000 offer for a 15% stake in the company; Barbara accepts, and Kyle exits the pitch with a deal.
What Happened to iFork Following Shark Tank?
The deal with Barbara did not go through after the Shark episode in which Klye negotiated a deal with her. Donovan, in an uncommon turn of events, sued a coop member for defamation.
Donovan was running a whorehouse out of his basement unit, the lady alerted coop residents through email. After observing visitors at his Shark Tank viewing party, the woman evidently made conclusions.
As of June 2021, the website is still operational, while social media hasn’t been updated since April 2018, two months after the scheduled air date.
Donovan’s ownership in the company is not reflected on his LinkedIn profile, and the products are no longer accessible on Amazon.
The company is still in existence, according to the iFork LinkedIn Page, and a respectable business source estimates that they make roughly $93,000 per year.
Since June of 2019, Donovan has been working on The Incubator (The Inc.), a Multicultural Media & Social Networking Platform set to launch in the fall of 2021.
iFork’s Net Worth
During the pitch, the firm was valued at $2 million; however, the company has since sold its goods, therefore the company net worth might have been higher than that of pitch.
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iFork FAQs
What is iFork?
iFork is a one-of-a-kind tableware company that offers an innovative take on classic silverware. The patented design keeps utensils from coming into contact with the table surface.
How does iFork work?
IFork features interchangeable interlocking pieces that create a completely portable tabletop, whether at home or at the office.
Where can I buy iFork?
Customers can purchase iFork products on their website, as well as on Amazon.com.
Who is Kyle Donovan?
Kyle Donovan is the founder and CEO of iFork, a unique tableware company that developed a line of interlocking utensils, cups, and plates that fit together to form a complete tabletop set in one hand.
How did iFork start?
iFork started as a side-hustle in 2013. Founder Kyle Donovan began experimenting with silverware after working for a photo lab. The money he made from trading stocks allowed him to start his own magazine, The Incubator, and make iFork into a profitable business.
Why Fork?
Most people have to use dirty spoon or fork and go through 10-12 of them before finishing the meal.
What is iFork doing?
iFork teamed up with Walmart to test out their theory. The results were astounding because they sold over 500 units of their sporks.
What is the return policy?
Customers can return items within 30 days of purchase, but the company will not be responsible for damage done during return shipping.
Are there low-cost shipping?
Customers can get their items for $5.99 shipping and handling, but the company will not be responsible for any lost or damaged mail.
Will iFork fold up in my purse?
Yes, all of the components of the set fold up into a compact size, creating a truly portable tabletop. The set is made from high-quality plastic that is resistant to sharp edges and bumps on tables, ensuring a spill-free meal.
Where can I read about how iFork got started?
Visit their website at iFork.com for more information on the history of this innovative company.
What are the dimensions of the dinner set?
The dinner set consists of a fork, a salad fork, a knife, a teaspoon and a tablespoon in high-quality plastic that is resistant to sharp edges and bumps on tables. The plates measure 8-inches long and 6-inches wide.
What is the material of iFork?
iFork utensils, cups, and plates are made from high-quality plastic that is resistant to sharp edges and bumps on tables, ensuring a spill-free meal.
