TV - Movies
Whatever
Happened To
SnapClips After
Shark Tank?
By JIM ROWLEY
Countless products that have shown up on “Shark Tank” either go on to make millions or go out of business, and SnapClips, pitched by Martin Dimitrov in January 2018 during Season 9, has done very well. It is a snap-on weight collar used to fasten weights to a weight bar for a safer workout that resembles the popular 90’s slap bracelets.
A young Dimitrov asked for $150,000 in exchange for a 15% equity stake in SnapClips, but in the end, three judges collectively offered him $150,000 for a 30% equity stake with the condition that he stay in school. By the end of 2018, the product was being sold in 30 countries, had its own storefront, and was working on a deal to do a private label version with CrossFit.
As of 2021, the company recorded $4 million in lifetime sales and might experiment with other applications like securing cables or garden hoses as suggested by judge Lori Greiner. At this point, SnapClips still mainly focuses on securing weights, but the company did update its design and is available in more than 30 varieties.