Musicians, entrepreneurs, and friends Nicholas George and Kevin MaC showcased their innovative guitar pick business on Shark Tank Season 15.
Their company, Tik Pik, offers guitar picks designed to stick to the guitar, solving the common problem of losing picks during or between performances.
Did Tik Pik get a deal on Shark Tank?
Find out all the details in our in-depth analysis on Tik Pik shark tank update and pitch recap…
If you’re short on time, here’s a quick overview of what happened to Tik Pik after Shark Tank:
Quick Summary
Nicholas George and Kevin MaC presented their pitch on Season 15 of Shark Tank, securing a deal with Mark Cuban for $75,000 in exchange for 16% equity. In terms of the latest Tik Pik Shark Tank update, the company is still in business and has experienced a significant increase in sales following their appearance on the show. Additionally, their website and social media platforms feature numerous endorsements from professional musicians who praise the product.
Table of Contents
Tik Pik On Shark Tank
| Shark | Result |
| Mark Cuban | Accepted deal of $75,000 for 16% equity |
| Kevin O’Leary | No Offer |
| Robert Herjavec | No Offer |
| Daymond John | No Offer |
| Lori Greiner | No Offer |
Tik Pik Shark Tank Deal
- Business: Guitar Picks that stick to the guitar
- Entrepreneurs: Nicholas George and Kevin MaC
- Asked For: $75,000 for 10% equity
- Shark Tank Deal: $75,000 for 16% equity
- Shark: Mark Cuban
What Is Tik Pik?
Tik Pik is no ordinary guitar pick—it’s a game-changer for guitarists. Designed with a unique silicone grip, Tik Pik ensures a secure hold, making it less likely to slip during a performance.
But that’s not all. The same innovative grip allows the picks to stick directly to the guitar, solving the age-old issue of misplaced picks.
This simple yet effective idea is why Tik Pik resonated with musicians, especially beginners who often lose picks. Easy to clean and reusable, Tik Pik is not just a tool but a reliable companion for musicians.
Tik Pik Founders: Nicholas George and Kevin MaC
Tik Pik was created by musicians who truly understood the struggles of guitar players. The idea originated when Kevin MaC, a professional musician and Tik Pik’s COO, collaborated with singer-songwriter Jacob Lyda to address the common issue of losing guitar picks. Their solution was innovative and practical, leading to the creation of Tik Pik.
The Tik Pik team grew to include CEO Nicholas George, widely known by his stage name, Nick Nowak. Together with partners Mike Stalnaker and Nicholas Wolfs, they expanded Tik Pik into a promising business.
With glowing endorsements from users, including professional musicians, Tik Pik continues to prove its value in the music world.
Tik Pik Shark Tank Pitch Recap
Tik Pik founders Nicholas George and Kevin MaC began their pitch in Shark Tank Season 15 with a lively performance, singing about their innovative guitar picks that stick to guitars.
Their pitch immediately caught the Sharks’ attention, especially when Kevin O’Leary joined in for a jam session on an electric guitar, adding an exciting dynamic to the presentation.
The Tik Pik guitar picks stood out for their unique silicone grip, which never loses its stickiness. Kevin MaC explained that this design is a game-changer for professional musicians like himself, as it provides a reliable grip even during intense performances. If the grip gets dirty, it can simply be washed and reused.
Additionally, the picks adhere directly to the guitar, making them harder to misplace than traditional picks.
Personal Stories That Resonate
Daymond John was curious about Kevin MaC’s background. Kevin shared his remarkable journey from Virginia Beach, where he worked with prominent hip-hop artists like Timbaland and Missy Elliot, to Nashville, where a producer discovered him and launched his career.
Nicholas followed with his own story, revealing that he grew up in the Cayman Islands as the son of “The Barefoot Man,” a famous musician. Mark Cuban was especially impressed, noting that his wife is a big fan of Nicholas’s father.
Nicholas, a talented songwriter, mentioned his recent collaboration with his daughter on an album, further highlighting the deep musical roots behind Tik Pik.
Tik Pik Guitar Picks Sales and Business Model
When asked about sales, Nicholas and Kevin reported $60,000 in lifetime revenue over eight months.
A pack of six Tik Piks retails for $29.95, with a production cost of $2.44 per unit. They projected to close the year with $120,000 in sales, yielding an estimated profit of $20,000.
Their distribution strategy primarily involves direct-to-consumer sales through their website and Amazon, along with placement in six music shops. Additionally, they wholesale the product to retailers at $15 per pack, with wholesale accounting for about 15% of their sales.
Sharks’ Reactions On Tik Pik Shark Tank Pitch
The Sharks expressed mixed reactions. Robert Herjavec acknowledged the product’s superiority but questioned the modest sales figures.
Lori Greiner appreciated the catchy name “Tik Pik” but didn’t make an offer. Some Sharks raised concerns about the price point, but Kevin MaC countered by emphasizing the product’s appeal to beginner guitarists who often lose their picks.
Mark Cuban’s Offer and Negotiation
Mark Cuban took a decisive approach, interrupting the discussions to offer $75,000 for 16% equity, positioning himself as the company’s sixth partner.
Nicholas and Kevin showed appreciation for Mark’s offer but paused to see if any other Sharks would step in. Sensing hesitation, Mark began a countdown, urging the entrepreneurs to act quickly.
The founders, recognizing the strategic value of having Mark Cuban on board, ultimately accepted the offer without further negotiation.
Tik Pik Shark Tank Deal
Nicholas and Kevin walked away with a $75,000 deal for 16% equity, securing a partnership with Mark Cuban. The Sharks commended their innovative product and compelling stories, while the deal marked a significant step forward for Tik Pik’s growth.
What happened to TIK PIK following Shark Tank? Keep reading our TIK PIK Update to find out!
Tik Pik Shark Tank Update
So, what happened to TIK PIK after Shark Tank?
Well, Tik Pik has experienced a surge in popularity Since their appearance on Shark Tank. The exposure introduced their product to millions of viewers, resulting in a significant boost in sales.
Increased Visibility and Sales
The company’s website saw a spike in traffic, and their social media following grew as fans praised the product. Tik Pik’s ability to address a common issue for musicians made it a favorite among professional and amateur guitarists alike.
Expansion and Future Plans
While Tik Pik primarily sells online, there’s growing anticipation that the product will soon be available in major music stores. The deal with Mark Cuban has likely provided the resources and guidance needed to scale their business, including expanding into wholesale and retail markets.
Tik Pik Shark Tank Net Worth
At the time of their Shark Tank appearance, Tik Pik reported lifetime sales of $60,000 in just eight months and projected annual revenue of $120,000 by year-end.
With their product retailing at $29.95 for a pack of six and a low production cost of $2.44 per unit, the company demonstrated strong profit margins despite its early-stage growth.
After securing a $75,000 deal from Mark Cuban for 16% equity, the implied valuation of Tik Pik stood at approximately $468,750.
The Shark Tank exposure significantly boosted Tik Pik’s visibility, likely increasing demand and positioning the company for higher revenues post-show.
While its current net worth is tied to its projected growth and market expansion, the deal with Mark Cuban has undoubtedly added value by opening doors to larger retail opportunities and improving their overall brand appeal.
Did Tik Pik Get A Deal On Shark Tank?
Yes, Tik Pik successfully secured a deal on Shark Tank!
After presenting their innovative guitar picks and sharing their compelling stories, the founders caught the interest of Mark Cuban. He offered $75,000 for 16% equity in the company, positioning himself as a strategic sixth partner.
The founders initially hesitated, hoping for additional offers, but Mark’s assertive countdown prompted them to accept the deal quickly. With Mark Cuban on board, Tik Pik gained not only funding but also access to valuable resources and expertise, setting the stage for its future growth.
Tik Pik Guitar Picks Reviews
Tik Pik guitar picks have received glowing reviews from both amateur and professional musicians. Users praise the innovative silicone grip, which ensures the pick stays firmly in hand during intense performances.
The ability to wash and reuse the grip is a standout feature, offering exceptional durability and value. Many guitarists appreciate the picks’ adherence to the guitar, making them virtually impossible to lose—a common frustration among musicians.
Professional musicians, in particular, have highlighted Tik Pik as a game-changer in their performances. The picks are not only practical but also enhance the overall playing experience by providing a secure and reliable grip.
With numerous positive testimonials and growing popularity, Tik Pik is quickly becoming a must-have accessory for guitarists of all skill levels.
Where To Buy Tik Pik Guitar Picks?
Tik Pik guitar picks are currently available for purchase on the company’s official website, offering a convenient way for musicians to explore their innovative product lineup.
Additionally, Tik Pik is listed on Amazon, making it accessible to a broader audience with the added benefits of fast shipping and customer reviews to guide purchasing decisions.
For those who prefer to shop in person, Tik Pik has also secured placement in select music stores. Although the product is not yet widely available in major retail chains, the company is actively working to expand its distribution network.
Is Tik Pik Still in Business?
As of now, Tik Pik is very much in business and thriving. Reviews on their website highlight the product’s quality and usefulness, with many professional musicians endorsing its innovative design. The founders continue to leverage the Shark Tank exposure to explore new opportunities and expand their reach.
Lessons Entrepreneurs Can Learn From Tik Pik
Tik Pik’s journey offers valuable lessons for entrepreneurs:
- Solve a Real Problem: Tik Pik addresses a genuine pain point for guitarists, making their product instantly relatable.
- Tell Your Story: The founders’ personal stories added depth and emotion to their pitch, creating a connection with the Sharks and the audience.
- Seize Opportunities: The quick decision to partner with Mark Cuban reflects their readiness to take bold steps for growth.
FAQs On Tik Pik Guitar Picks Shark Tank Update
Who Is The Owner Of Tik Pik?
Tik Pik is owned by a team of five partners, including Nicholas George, also known as CEO Nick Nowak, and COO Kevin MaC. The other partners are singer-songwriter Jacob Lyda, Mike Stalnaker, and Nicholas Wolfs.
Together, they bring diverse expertise to the innovative guitar pick company.
Where Is Tik Pik Now?
Tik Pik is thriving after its appearance on Shark Tank, with increased sales and positive feedback from professional musicians and guitar enthusiasts. The product is primarily available online through its website and Amazon, with plans to expand its presence in retail music stores.
Tik Pik continues to grow, leveraging its Shark Tank exposure to reach a broader audience.
Did TickPick Get A Deal On Shark Tank?
Yes, Tik Pik secured a deal on Shark Tank. Mark Cuban offered $75,000 for 16% equity, positioning himself as their sixth partner. The founders accepted his offer after a brief negotiation, leaving the tank with a new investor.
Is Tik Pik Successful?
Yes, Tik Pik has achieved notable success, particularly after its Shark Tank appearance, where it secured a deal with Mark Cuban. The company experienced a significant boost in sales and gained widespread recognition among musicians for its innovative guitar picks.
With positive reviews and expanding distribution, Tik Pik is on a promising growth trajectory.
Is Tik Pik Still In Business?
Yes, Tik Pik is still in business and continues to sell its innovative guitar picks. The company has seen increased visibility and sales following its appearance on Shark Tank. Their products are available online through their official website and Amazon, as well as in select music stores.
What Happened To Tik Pik After Shark Tank?
After appearing on Shark Tank, Tik Pik experienced a boost in sales and visibility, thanks to the exposure to millions of viewers. With Mark Cuban’s investment of $75,000 for 16% equity, the company gained a strategic partner to help expand its reach. Tik Pik continues to receive positive reviews from musicians and is working to grow its presence both online and in retail.
Conclusion: Tik Pik After Shark Tank
Tik Pik’s appearance on Shark Tank has transformed their business, providing them with the exposure and support needed to reach new heights.
Their innovative guitar picks continue to gain traction among musicians, proving that even small innovations can make a big impact.
Stay tuned for future Tik Pik Shark Tank update as the company continues to grow and expand its reach.
In the meantime, you can check out more Company Updates on Shark Tank Season 15 Episode 6 by clicking on the links below:
- Supermix Studio After Shark Tank Update
- Krapp Strapp After Shark Tank Update
- Mini Materials After Shark Tank Update
Before you go, make sure to visit our Season 15 Company Updates Page, All Company Updates Page and Shark Tank All Products Page for more information on various companies and products featured in the Show.
At the same time, you can FOLLOW our blog to get the latest updates on businesses featured in Shark Tank Show. And, if you have any questions, you can send us message at your convenience.
Lastly, you can check out more Company Updates for the businesses featured in Shark Tank Season 14 by visiting our Season 14 Company Updates Page.
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