Splikity Shark Tank Summary
|Episode||Season 7 Episode 2|
|Business||password manager app|
|Entrepreneur||Doug Clark and Chad Clark|
|Asked For||$200,000 for 10%|
What is Splikity?
Do you often forget your passwords, or do you use one password across all platforms? If so, you are a soft target to hackers. You might think saving your password on the browser is safe, no it’s not. Luckily, through Splikity software, you will not have to worry about remembering your passwords. You can use the application to store your passwords, and you can access these passwords on demand.
Who Owns Splikity?
Chad Clark and Doug Clark are the founders of Splikity. The brothers quit their jobs to pursue entrepreneurship fully. Interestingly, both brothers have always done things together. They went to the same university (Arizona) and studied the same discipline (B.Sc. Finance). The brothers are still co-directors of Splikity company.
The brothers, being aware that they were not techno-savvy, were motivated to build an intuitive software that cut down the need to remember passwords while not compromising security. Most importantly, they ensured that anyone, even old ladies, could use the app.
As the brothers had no background in engineering, they hired a team to implement their program. After the development of Splikity, there was palpable interest in the software. One of these interests led to a company paying $50,000 to use their program.