Kyle Donovan hopes the Sharks fork over some cash for iFork, his line of utensils and silverware that “hover” above the table, in Shark Tank episode 916. Donovan didn't like it when his utensils touched dirty tables, so he created silverware that keeps forks, knives and spoons “suspended” above the table. The secret is a little ball that lifts the business end of dining utensils off the table. This eliminates germs that might be on a dirty table from getting on the utensils.
He tried getting the business off the ground with an IndieGoGo campaign that raised only $4624 (on a $25,000 goal) back in 2013. Since then, he's created a whole line of utensils, cups and plates that interlock and allow diners to keep their food protected and germ free. There are stainless steel versions that either stack or rest on the iFork ball and there is a complete line of plastic cutlery (including “sporks”). Donovan has patents for his products and they'll begin selling in Wal-Mart soon.
In addition to the cutlery, he sells a complete plasticware “system.” The set comes with a plastic knife, fork, spoon, plate and cup. The pieces interlock to allow diners to hold their entire meal, utensils and all, with one hand. An 8 pack of the combo sets costs $19.99. Stainless steel utensils cost $125 for six settings (fork, salad fork, knife, teaspoon, tablespoon). He hopes to sell to consumers and the restaurant trade. Donovan likely needs a Shark to help with both manufacturing and distribution.
Will a Shark set the table for a deal?
iFork Company Information
Posts about iFork on Shark Tank Blog
iFork Shark Tank Recap
Kyle will pitch the panel of five Sharks on the business and its prospects for growth. He'll need to convince Mark Cuban, Barbara Corcoran, Rohan Oza, Lori Grenier, and Robert Herjavec that the company is worthy of a Shark investment. A good business plan, good financials, and sales data will impress the Sharks, but he’ll need to show them HE is capable of running the company to “Shark standards." A full pitch re-cap on iFork will be available on Shark Tank Blog once this episode airs.
iFork Shark Tank Update
The Shark Tank Blog constantly provides updates and follow-ups about entrepreneurs who have appeared on the Shark Tank TV show. Once an episode has aired, we monitor the progress of the businesses featured, whether they receive funding or not and report on their progress. The Shark Tank Blog will follow-up on iFork & Kyle Donovan as more details become available.