Martin Dimitrov hopes the Sharks invest in SnapClips, his easy to use weight collars, in Shark Tank episode 918. Dimitrov came up with the idea while he was a senior in high school. He wanted a weight collar (the thing that keeps free weights on the bar bell while lifting) that was lightweight, easy to use and strong. The first prototypes were made out of slap wrist bands.
In the spring of his senior year, he launched a successful Kickstarter campaign that raised $23,040. This amounted to about 600 orders. After graduating in 2016, he started attending the University of Illinois in Chicago where he's pursuing a business degree in entrepreneurial studies. This didn't stop him from continuing to develop the product. He continuously reached out to cross-fit athletes, power lifters and others to refine and perfect his design.
SnapClips snap around the end of a bar bell like a slap bracelet. Once the clip is around the bar, simply tighten it with the velcro strip. Each clip is made from military grade Kevlar and reinforced with a high strength rubber/fabric blend. In 2017, Martin received patents for SnapClips and started shipping them all over the world. They come in black or orange and cost $29.99 for two. Lifters can bring their own to the gym to speed up their workouts, but Martin wants to sell them to gyms, too.
Will a Shark want to give this business a lift?
SnapClips Company Information
Posts About SnapClips on Shark Tank Blog
SnapClips Shark Tank Recap
Martin will pitch the panel of five Sharks on the business and its prospects for growth. He'll need to convince Mark Cuban, Barbara Corcoran, Robert Herjavec, Lori Grenier, and Alex Rodriguez 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 SnapClips will be available on Shark Tank Blog once this episode airs.
SnapClips 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 SnapClips & Martin Dimitrov as more details become available.