What Happened to KissTixx After the Shark Tank Pitch?
What is KissTixx?
KissTixx lip balm is a high-quality product available in two complementing flavours for you and your partner. When the two flavours combine, a chemical reaction happens, resulting in a lovely tingling sensation.
Lip balms come in a range of flavours, including Sweet & Sour, Strawberry & Chocolate, and Peaches & Cream.
Who is the Founder of KissTixx?
The KissTixx is owned by Dallas Robinson and Mike Buonomo, who met as Utah Valley University students. They design, manufacture, and sell lip balm and cosmetic products for distribution through major retailers, e-commerce, and private label channels.
Additionally, they manage and hire employees and supervise business operations, which includes marketing.
The creators of KissTixx, Dallas Robinson and Mike Buonomo, began by making gorgeous MySpace profiles for people.
When that proved unproductive, the young entrepreneurs transformed a dorm room in their institution into a makeshift chemical laboratory.
According to them, part of their drive sprang from their want to kiss all the stunning girls.
Thus, the product’s goal was to provoke chemistry between couples and to provide a pleasant experience when two flavours were combined.
Later in life, Dallas and Mike co-founded KissTixx, a technology that revolutionized kissing.
This is expected, given that KissTixx was created with kissing in mind. Dallas and Mike, unsurprisingly, have attracted more female admirers.
They’ve invented some great flavours, like Strawberry and Chocolate and Fire and Ice.
What Happened to KissTixx at the Shark Tank Pitch?
Dallas and Mike appeared on Shark Tank season 3 episode 7 seeking $200,000 in return for a 20% share in their business. This represents a $1 million valuation.
They described the product and reported that over the course of a year, they made $80,000 in revenue.
Mark enquired about the manufacturing cost of one of the lip balms. According to Dallas, the cost varied from $0.85 and $2, depending on the quantity.
When Mark queried whether the price was for a single lip balm, the Dallas informed him that the price included both the lip balms and the box.
Mark then questioned about the wholesale pricing of the four, to which Dallas replied that it was $3 per unit. Following that, the sellers resold the item at a cost of $5.95 per unit.
Kevin enquired about the profit margin on the Walgreens order, to which Dallas replied that it would be $337,000. Daymond looked to be content.
Barbara, still suffering from Mr. Wonderful’s lip lock, is unhappy with the product and opts out.
Kevin concludes that the value is erroneous and hence departs.
Dallas and Mike reveal that they have got a $540,000 purchase order from Walgreens and are seeking money to boost production.
Mike noted that they sold mostly through their website, but KissTixx was also accessible in over a hundred locations at the time.
Mark says the pricing is inappropriate, but he like the service provided by KissTixx. Additionally, he favours the provision of breathalyzers and gum. He makes a cash offer of $200,000 in return for a 40% ownership in the firm.
Daymond informed the two that Mark had successfully negotiated a better deal than he had anticipated. He walked away.
Robert lifted his eyes and said how much he liked battling against and defeating Mark Cuban. Robert considered the offer but remarked that it was still more than he would have offered. Robert also departed.
Dallas and Mike agree to join Mark, and they depart the Tank confident that they have closed a transaction and created one of the most memorable Shark Tank experiences.
What Happened to KissTixx After the Shark Tank Pitch?
KissTixx had an influx of orders soon following the episode’s telecast. Their website was even brought to a standstill as a result of the increased load.
Their appearance on Shark Tank considerably enhanced their sales and marketing efforts.
Following the episode’s broadcast, the company sold well over 5,000 copies. The guys then distributed thousands of samples across seven nations in the months that followed.
They enlisted the assistance of Shark Tank in order to help promote KissTixx as a worldwide brand! KissTixx has consistently been one of Mark Cuban’s best picks on Shark Tank.
Dallas and Mike are thriving in their business, and they’re even developing a KissTixx mobile application!
KissTixx receives an update segment in episode 517. Danielle Peck, a country music star, assists them in launching their new website.
Dallas and Mike will show the world their kissing prowess!
Mike Buonomo departed the organization in January 2016 and is now the founder and CEO of E Simplified, a provider of strategic information to budding entrepreneurs.
Robinson’s operations stopped in 2018.
He is currently the Executive Vice President of The Kokua Project, a 501(c)(3) non-profit organization committed to generating “awareness and finances to assist programs that care for and protect children in order to provide them with a chance at a brighter future.”
What is the Net Worth of KissTixx?
Dallas and Mike appeared on Shark Tank season 3 episode 7 seeking $200,000 in return for a 20% share in their business. This represents a $1 million valuation.
They accepted Mark’s offer of $200,000 for 40%, raising the worth to $500,000.
Who are the Competitors of KissTixx?
There is no competitor identified for KissTixx.
What Happened to HangEase After Shark Tank?
What Happened to The Sleep Styler After the Shark Tank Pitch?
KissTixx FAQS
What was the KissTixx?
KissTixx was a product that featured two flavours of lip balm in one tube. It was created to encourage couples to kiss in a pleasant manner.
Who founded KissTixx?
Dallas Robinson and Mike Buonomo were the entrepreneur behind KissTixx.
What motivated them to start KissTixx?
The founders began by making gorgeous MySpace profiles for people.
When that proved unproductive, the young entrepreneurs transformed a dorm room in their institution into a makeshift chemical laboratory.
According to them, part of their drive sprang from their want to kiss all the stunning girls.
Thus, the product’s goal was to provoke chemistry between couples and to provide a pleasant experience when two flavours were combined. Later in life, Dallas and Mike co-founded KissTixx,
What is the worth of KissTixx?
They are no longer in business.
How much was Dallas Robinson and Mike Buonomo seeking in the Tank?
They were seeking $200,000 for a 20% share of the business.
Did Dallas Robinson and Mike Buonomo secure funding from the Sharks?
Dallas and Mike secured an offer from Mark Cuban who gave them $200,000 for 40% of the business.
What happened to KissTixx after the Shark Tank?
KissTixx had an influx of orders soon following the episode’s telecast. Their website was even brought to a standstill as a result of the increased load.
Their appearance on Shark Tank considerably enhanced their sales and marketing efforts.
Who are the competitors of KissTixx?
There is no competitor identified for KissTixx.
Is KissTixx still in business?
This business has been shut down.
When was KissTixx aired on Shark Tank?
KissTixx made their appearance on the episode which aired on, March 2, 2012.
