|SEASON 2 EPISODE 3|
|Pitch||Toy bracelets with collectible, tradeable flipout coins|
|Entrepreneur||Jake, Lachland, and Erin Johnson|
|Asked For||$100,000 for 20%|
|Deal||$100,000 for 33%|
|Shark||Daymond John, Kevin O’Leary and Robert Herjavec|
|Status||ACQUIRED, OUT OF BUSINESS|
What is FlipOutz?
FlipOutz is a trackable and customizable bracelet that allows kids to trade personalized coins with each other and track the movement of those coins via an online community. The bracelet is made out of silicone rubber with compartments that hold up to 5 different coins. The coins have favorite quotes, interests, and hobbies printed on them as well as fun designs.
Who are the Founders of FlipOutz?
FlipOutz was created teen siblings, Lachlan, Erin, and Jake Johnson, with the help of their parents Emily and Robin.
Today, the siblings have moved on to various pursuits.
At around 12 years old, Lachlan Johnson and her 2 siblings, who were a long time away from university, were siblings that would often bicker. One day, on a drive back from the beach, Lachlan and her siblings were in the middle of a bickering session when their mother, in an attempt to quiet them down, suggested that they come up with a new toy that they would like to see available. The siblings put their brains together and came up with FlipOutz.
What Happened After Shark Tank Update
Is Still in Business?
After Shark Tank, FlipOutz went on to be sold in 5 continents including in major stores such as Toys ‘R’ Us and Hallmark, as well as got licensed with a reputable online toy retailer, Wild Creations. Unfortunately, even after success, FlipOutz has had no movement as of late. The company’s website is down and their social media pages have not had any activity since 2015.