SnapClips Shark Tank Update

SnapClips Shark Tank Pitch

Martin Dimitrov appeared on Shark Tank Season 9, Episode 20, which aired on January 27, 2018, with Silicone and velcro lock for securing gym weights.

SnapClips is listed in the Fitness Outdoors category. In plain terms, the business is described as Silicone and velcro lock for securing gym weights.

SnapClips asked the Sharks for $150,000 for 15%, implying a valuation of about $1 million.

On the show, SnapClips made a listed deal with Mark Cuban and Lori Greiner for $150,000 for 20% + extra $50,000 for parents.

If treated as straight equity, the listed deal works out to about $1 million implied valuation, roughly the same implied valuation as the ask.

This pitch is included as context for the more important question: what happened after Shark Tank.

SnapClips After Shark Tank

SnapClips closed its on-air deal and grew quickly from the teen-founder weight-clip pitch. (SnapClips Shark Tank Update

By the end of 2018, Martin Dimitrov was selling SnapClips in more than 30 countries, a fast international expansion for a gym accessory. (SnapClips Shark Tank Update

By April 2024, outside updates put lifetime sales above $6 million, and the official store continued selling the product. (SnapClips Shark Tank Update

Sources

Sources used for this page: Shark Tank API pitches