Chubby Buttons are an add-on for smartphones that make it easier to use the phone. With this, you can use your smartphone without taking it out of your pocket to do things like answer calls, change music, and more.
Mike Cherkezian and Justin Barad started this business in 2017. Justin had the idea for this business while one of his friends was having trouble changing the music. The phone was inside the jacket, and gloves were on the hand.
Following some study, Justin and Mike came up with these Chubby Buttons. A lot of bikers travel in their riding clothes, which makes it impossible for them to use their phones at the same time. We will discuss Chubby Buttons’ Net Worth further, so connected with us until the end.
Chubby Buttons’ Net Worth
In March 2023, “Chubby Buttons” was on Shark Tank America. As of October 2023, it’s worth about $2.5 million. Since appearing on Shark Tank, Chubby Buttons has experienced tremendous growth and success.
They have secured additional funding and partnerships, leading to an estimated net worth of $2.5 Million.
What Is Chubby Buttons?
Chubby Buttons is the first Bluetooth remote that you can wear. This gadget is made with wearable tech, and it works with a lot of different devices.
This means that you can connect earphones as well as this gadget to your phone via Bluetooth 5.1. The enormous buttons on this gadget make it easy to control the phone.
This gadget will make it easy for you to use Google Assistant, make calls, use the camera, and listen to music. Besides all of that, this device can work at any temperature and has a battery life of 4 months. The company website says that this tool is great for people who ride, ski, or go to the gym.
This device comes in three styles: Patriot, Tron, and Hunter. It costs $74.99.
Who Is The Founder of Chubby Buttons?
Three friends had an idea that led them to start Chubby Buttons Company. Justin Barad and Michael Cherkezian started this business together.
Justin Barad
As of right now, Justin works full-time for this company as the Co-Founder and Head of Operations. As a Senior Business Development Manager at Fooda for seven years after getting his Doctor of Medicine from Tel Aviv University, he worked in the field.
Michael Cherkezian
Michael is one of the other people who started this business. He has been on the board of directors of several businesses, such as Norex International, Expand Research, and Thinknum Alternative Data.
In December 2022, Michele started working as an Investment Research Salesperson for Envestnet | Yodlee.
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How Was The Shark Tank Pitch of Chubby Buttons?
They ask the sharks for $250,000 in exchange for an 8% equity in their business. They told Shark about their Chubby Buttons product and how these easy buttons could be used to control a smartphone.
Their sales each year in 2021 were $500,000, but in 2022, they were $600,000. The item costs between $11.57 and $13.37 to land, but it sells for $79.99.
It costs them $12,000 to $15,000 a month to sell. It costs them $27 to get a new customer. A single backer has given them $250,000 in money.
Mark Cuban, Lori Greiner, Barbara Corcoran, and Robert Herjavec all turned down the opportunity to invest in this company. Kevin O’Leary is interested and has offered to invest $250,000 in this business in exchange for a 10% stake. He will also take $20 from each unit sold until $1 million is reached.
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