What happened to the Popslate after the Shark Tank Pitch?
What was Popslate?
PopSlate was a smartphone case that provided an always-on second screen for iPhones.
Without the need to swipe and unlock the phone’s front screen, the second screen, an E Ink display, provided fast access to frequently used information such as maps, news feeds, and ticket scanning codes.
Consider it an always-on secondary screen for the iPhone. Behzadi first created it to show images on the back of the iPhone in order to swiftly refresh its appearance, but quickly realized it could be used for much more.
The e-reader capability is derived from the original Kindle technology, which utilizes a low-power, ambient lighting screen.
Additionally, users may customize what shows on the PopSlate’s “screen.” The gadget charges via the iPhone’s charging port and features a rugged housing that can withstand damage while remaining functional.
It is priced similarly to premium cases, at roughly $89 (depending on your iPhone model).
Who Founded PopSlate?
Yashar Behzadi and Greg Moon designed Popslate, a phone cover that serves as an E ink display.
Yashar Behzadi has become tired of unlocking his phone over 150 times every day.
He thought that obtaining information would be lot more efficient if done via smartphone.
He reasoned that by performing the task directly for the user, they might expedite the process.
Additionally, he observed that the backs of cellphones are frequently ignored. Yashar combined the two concepts to create the PopSlate.
Yashar and Greg raised $1,091,204.00 on Indiegogo in March 2016 to fund the construction of the next model.
What became of Popslate during the Shark Tank Pitch?
Yashar appeared on Shark Tank season 7 episode 24 in search of a $500,000 investment and a 5% share in his business. This translates to a valuation of $10 million.
It’s a lofty goal, and he’ll need to sell the Sharks to do it. He presents his product by showing the foundations of the Popslate. The Sharks make a few clarifying inquiries.
Robert Herjavec is inquisitive about the perceived worth of a consumer. The Popslate, according to Yashar, saves clients time by allowing them to customize their screens.
Mark Cuban is interested in gaining a better understanding of cost and pricing. The Popslate retails for $129 and is made for $80. He may be able to lower the cost to $41 by placing more orders.
Lori Greiner is curious about the cost of producing each batch of Popslate covers for all of the various phones on the market.
Due to the $50,000 cost of developing a product for each model of phone, Yashar has concentrated on the iPhone6 and iPhone6 Plus.
Kevin O’Leary is intrigued as to how much money Yashar has lost and when he hopes to recover it. Yashar has invested $1.9 million in development thus far and anticipates reaching “cash flow positive” status in less than a year.
Robert departed, noting that he remained certain that a wearable could perform all of the PopSlate’s functions.
Mark Cuban believes the technology is quite promising.
According to Kevin, the Sharks did not agree, making the venture perilous. He got out because he believed the risk-reward ratio was not in his favour.
Lori Greiner believes that maintaining a consistent technical edge in an ever-changing cell phone industry will be excessively expensive. She has departed from us.
Ashton Kutcher finds the software “compelling,” but he is concerned about the product’s dependency on Apple and its price. He considers himself unable of overcoming these impediments and departs.
Mark noted that Apple would continue to improve the design of iOS, including the implementation of a smarter lock screen and multi-window capabilities.
PopSlate, he concluded, did not develop the same level of criticality or persuasiveness. Yashar is no longer a member of the Tank and does not have a Shark agreement.
What became of Popslate following the Shark Tank Pitch?
Despite the fact that Popslate did not score a Shark deal, the product experienced an increase in sales following the show’s airing, a phenomenon dubbed the “Shark Tank Effect.”
Although the iPhone 6 and 6S models are “sold out” on the website, the creators have high hopes for the iPhone7, stating that the introduction of a new phone allows them to enhance their product in response to user feedback and maybe add new features that users want.
Although the Sharks expressed legitimate concerns about the technology’s long-term viability, customers’ proclivity for purchasing the latest phones as soon as they are announced may indicate that the market is robust enough to support a new Popslate model with each new iPhone release. We’re going to have to wait and see.
In March 2017, a year after the Shark Tank episode aired, PopSlate stated on IndieGoGo that it had “commenced the legal procedure for the firm’s liquidation” and would be unable to reimburse its 12,000+ supporters.
Yashar was compelled to close the firm in December 2016 owing to the passage of time. Synthesis AI is currently the CEO and Founder of his firm.
What was Popslate’s Net Worth?
Yashar participated in Shark Tank season 7 episode 24 in search of a $500,000 investment and a 5% share in his business. This translates to a valuation of $10 million.
Who were Popslate’s Competitors?
Popslate has no known Competitors.
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Popslate FAQS
1. What was Popslate?
PopSlate was a technology company that developed smartphone case that provided an always-on second screen for iPhones.
Without the need to swipe and unlock the phone’s front screen, the second screen, an E Ink display, provided fast access to frequently used information such as maps, news feeds, and ticket scanning codes.
2. Who is the Founder of Popslate?
Yashar Behzadi and Greg Moon designed the PopSlate, a phone cover that served as an E ink display.
3. How much money Popslate did raised?
Yashar and Greg raised $1,091,204.00 on IndieGoGo in March 2016 to fund the construction of the next model.
4. How Yashar Behzadi did came up with the idea?
Yashar Behzadi has become tired of unlocking his phone over 150 times every day.
He thought that obtaining information would be a lot more efficient if done via smartphone.
He reasoned that by performing the task directly for the user, they might expedite the process.
Additionally, he observed that the backs of cellphones are frequently ignored. Yashar combined the two concepts to create the PopSlate.
5. What was the price of Popslate?
The price of PopSlate was $129.
6. When did the PopSlate start?
PopSlate started in 2013.
7. Where was Popslate based?
Popslate is based in San Francisco, California, United States of America.
8. Where is Yashar Behzadi now?
Yashar Behzadi now is the CEO and Founder of Synthesis AI.
9. What iPhone was compatible with PopSlate?
PopSlate was compatible with the iPhone 6 and iPhone 6S models only.
10. How much were they seeking in the Tank?
They were seeking $500,000 for a 5% equity stake.
11. What was the result of their Pitch?
None of the Sharks was willing to invest in PopSlate.
12. Is PopSlate still in business?
In March 2017, a year after the Shark Tank episode aired, PopSlate stated on IndieGoGo that it had “commenced the legal procedure for the firm’s liquidation” and would be unable to reimburse its 12,000+ supporters.
Yashar was compelled to close the firm in December 2016 owing to the passage of time.
