Highlights
- DeskView is a 25″ by 12″ standing desk mounted with industrial-strength suction cups, supporting up to 40 pounds.
- Successfully raised $65,715 through Kickstarter in 2017 to launch their second version.
- Closed a deal with Kevin O’Leary for $150,000 for 20% equity, aiming to expand B2B sales and introduce new products.
Overview
| Category | Details |
|---|---|
| Name | DeskView |
| Founders | Jason Grohoski and Michael Bolos |
| Industry | Office Furniture |
| Product | Portable standing desk with suction-cup mounting |
| Funding | Kickstarter, Shark Tank |
| Investment Ask | $150,000 |
| Equity Offered | 7.5% |
| Valuation | $2 million |
Jason Grohoski and Michael Bolos seek an investor for DeskView, their suction-cup mounted standing desk, in Shark Tank episode 1021. Standing desks are becoming very popular as people don’t want to sit in front of a computer all day. Most standing desks are very expensive and can get cluttered. DeskView offers a relatively inexpensive and sleek solution.
DeskView is a 25″ by 12″ desk that mounts to any non porous surface – like a window. It mounts to the window with vacuum pressured, industrial strength suction cups. When it’s set up, it holds up to 40 pounds and it’s big enough for a laptop. It lets you work virtually anywhere.
They got their second version off the ground with a successful Kickstarter campaign that raised $65,715 back in 2017. The guys partnered with product design firm Minimal to get it built. At just $235, it’s a fraction of bulky standing desks that take up a lot of space. DeskView comes in white, wood or clear and it’s available with free shipping on Amazon. The guys likely want a Shark to help with manufacturing and inventory. Will a Shark stand up and invest?
DeskView Company Information
Video
Posts about DeskView on Shark Tank Blog
Desk View – Portable Stand Up Desk
DeskView Shark Tank Recap
Jason and Michael enter seeking $150,000 for 7.5% of their business. They explain and demonstrate the product and say minimalist offices are the future. Their Desk View desk is perfect for such an environment. The company sold about 800 desks for a total of $162,000 in sales. These sales were from their Kickstarter and direct sales on their website. They think the future is focusing on B2B sales.
Did Shark Tank Invest In DeskView?
The Sharks like the margins, but think the price is a bit high. Jason and Michael believe they can cut manufacturing costs 20-30% and either increase margins or lower their prices. Robert, Barbara and Mark go out. Kevin initially offers $150,000 for 15%. Lori jumps in with an admittedly Sharky offer of $150,000 for 33.3%. She thinks she’ll have to do a lot of work.
After listening to Lori, Kevin modifies his offer to $150,000 for 20%. The guys counter Lori with $150,000 for 20%. When Lori declines their counter offer, they accept Kevi’s offer for 20%.
DeskView Shark Tank Update
The Shark Tank Blog constantly provides updates and follow-ups about entrepreneurs who have appeared on the Shark Tank TV show. The guys closed their deal with Kevin. While pricing hasn’t changed much in the four months between their original air date and an August, 2019 re-run, they do have 2 new products in development: the Motis – a portable stand up desk, and the Two Tier – a Desk View attachment for holding a wireless keyboard, notebook or whatever you need it for.
The 2020 global Covid-19 pandemic was a bit of a boon for the business. With half of the US workforce working from home, sales of new home office furniture rose, as did the company’s sales. In October, 2020, the company raised $64,122 on Kickstarter for their portable folding desk, the aforementioned Motis.
As of June, 2022, the company is doing well with $2 million in annual revenue.
See what else is new! View other businesses featured in this episode.
