Chubby Buttons, the wearable Bluetooth remote, sprung into the public eye following its feature on the hit show “Shark Tank.” This nifty gadget is designed for those who find themselves in winter gloves or other situations where traditional touch controls are a nuisance. Its ability to control smartphones and other devices has drawn attention from both tech enthusiasts and outdoor adventurers alike.
The product’s appearance on “Shark Tank” has been monumental in terms of exposure, despite the founders not securing a deal with the sharks. Post-“Shark Tank,” Chubby Buttons has continued to cultivate a customer base impressed by its simplicity and functionality, which the sales figures reflect. In an era where convenience is king, Chubby Buttons aims to make the interaction with technology seamless, even in the coldest and most cumbersome of environments.
Key Takeaways
- Chubby Buttons gained exposure through “Shark Tank.”
- It’s designed for ease of use with gloves.
- The product has shown significant market performance post-show.
Origins and Launch on Shark Tank
https://www.youtube.com/watch?v=Cr2rLYjrQ7U&embed=true
Chubby Buttons found its moment in the spotlight when it was featured on the renowned business reality show, Shark Tank. This moment was crucial as it introduced the innovative wearable Bluetooth remote to a national audience, drawing attention to its practical design for outdoor enthusiasts.
Airing of the Episode
The Chubby Buttons episode aired during Season 14, Episode 17, making a significant impact on viewers and potential customers. The product, designed in 2017, made its debut to the sharks showcasing its ease of use for skiers, cyclists, and anyone needing to control their phone without removing their gloves.
Founder’s Background
The minds behind Chubby Buttons, Mike Cherkezian and Justin Barad, entered the tank as seasoned entrepreneurs. Their backgrounds in design and medical industry entrepreneurship respectively brought a unique perspective to the product’s development and pitch to the sharks.
Product Features and Design
https://www.youtube.com/watch?v=9_6fXlOSNDQ&embed=true
Chubby Buttons has carved a niche for itself as a practical wearable Bluetooth remote, perfect for smartphone users who lead an active lifestyle. Its design emphasizes accessibility and durability, making it a dependable gadget for various environments and situations.
Bluetooth Compatibility
Chubby Buttons is designed to work seamlessly with both iOS and Android devices, ensuring wide-ranging compatibility. It utilizes a Bluetooth connection to allow users to control their smartphone from a distance, making it convenient for activities where direct handling of the phone is impractical.
Ease of Use with Gloves
One of the standout features of Chubby Buttons is its ease of use with gloves. The oversized and large buttons are specifically made to be glove-friendly, so users don’t have to remove their gloves to change the song, volume, or other commands, which is especially handy in cold weather.
Water Resistant and Durable
Durability is a key aspect of Chubby Buttons, which is designed to be both water resistant and robust. It can withstand exposure to elements, making it suitable for users who are often outdoors or engaged in action sports. The water resistant nature of this device ensures that it remains functional even in less-than-ideal weather conditions.
Performance in the Market
https://www.youtube.com/watch?v=Sv63LzxPiL8&embed=true
After appearing on Shark Tank, Chubby Buttons has experienced notable market performance, evidenced by sales and revenue growth, customer feedback, and updates from the show’s interactions.
Sales and Revenue
Chubby Buttons has recorded significant sales post their Shark Tank appearance. While specific figures are not publicly disclosed, the company’s valuation was mentioned to be around $2.5 million. This suggests healthy revenue that aligns with the continued consumer interest in wearable technology. Their presence on platforms like Amazon likely contributes to their broad market reach and sustained sales momentum.
Customer Feedback
Their product has garnered positive customer feedback, indicative of successful customer acquisition strategies. The reviews highlight the functionality of Chubby Buttons’ wearable Bluetooth remote, emphasizing its convenience for active and outdoor lifestyles. User testimonials found on their main website and third-party retail platforms speak to the product’s design and ease of use, two key factors that resonate with their target audience.
Shark Tank Update
The latest Shark Tank update reveals that Chubby Buttons did not accept an investment during their pitch, however, their net worth stands strong. The update from Shark Tank showcases the brand’s resilience and potential for growth. Despite not securing a deal, the company’s strategic marketing and customer engagement have positioned them well in the competitive wearable device market.
Shark Tank Deal Analysis
In this section, we scrutinize the offers presented on Shark Tank for Chubby Buttons, a smartphone accessory brand, focusing especially on the terms and the eventual agreement reached with the sharks.
Terms of the Offers
When Chubby Buttons made their pitch in the Tank, they came with a proposition seeking a $250,000 investment in exchange for an 8% equity stake in their company. This startup, known for its handy wearable remote designed for outdoor enthusiasts, naturally piqued the interest of several Sharks. Mark Cuban, Barbara Corcoran, Kevin O’Leary, and Robert Herjavec weighed the potential and value of the venture, mulling over the worthiness of the investment based on the equity offered.
Negotiations and Outcome
Negotiations were intense, as multiple Sharks showed interest. Mark Cuban saw the potential growth in the outdoor and sports accessory market and considered adding Chubby Buttons to his portfolio. Barbara Corcoran was keen on the design and user-friendly aspect of the product, while Kevin O’Leary brought up the idea of a royalty deal. However, it was Robert Herjavec, with his substantial experience in technology and consumer goods, who found a common wavelength with the Chubby Buttons team.
After rounds of offers and counteroffers, Chubby Buttons navigated through the waters of negotiation and clinched a deal. The agreement reflected not just the monetary investment but a strategic partnership that promised to leverage the Sharks’ business acumen for future growth. The final terms of the agreement and the Shark who sealed the deal remain a highlight in the Chubby Buttons journey post Shark Tank appearance.
