What Happened To Candi From Shark Tank Season 13? Candi, the social media platform for virtual celebrity meet-and-greets, appeared on Shark Tank Season 13. Let’s find out what transpired after their pitch on the show.
Keithan and Quiante Hendrick, the entrepreneurs behind Candi, sought a $500,000 investment for 15% equity on the show. However, they left without a deal as none of the sharks were willing to invest.
The Candi Pitch and Update
Candi is a unique social media platform that offers users the opportunity to have personal conversations with their favorite celebrities for five minutes. The company keeps 25% of the profits, and the stars set their own rates. Despite not securing a deal, Candi is still in business, with an expanded roster of celebrities across various categories available for fan interactions.
After its launch in 2020, Candi made $100,000 in total sales. The entrepreneurs aimed to use the $500,000 investment to develop an app and enhance marketing, believing that a mobile app would fuel rapid growth.
Shark Tank Outcome and Post-Appearance
During the pitch, concerns were raised about the business’s investability and reliance on celebrity personalities for marketing. Ultimately, none of the sharks found the deal appealing, and Candi left without an investment.
Despite the setback, Candi has continued to thrive, expanding its celebrity lineup to include actors, musicians, entrepreneurs, athletes, chefs, and models. Prices for interactions start at around $25 and go up to hundreds of dollars.
Current Status and Future Prospects
While specific user numbers and updated revenue figures are not available, Candi appears to be working diligently to fulfill fan dreams. Additionally, the founders, Keithan and Quiante Hendrick, are leveraging their entrepreneurial expertise, with Keithan offering consulting services and Quiante hosting a podcast called Go Best Friend.
The buzz from the Shark Tank appearance is expected to attract more celebrities to join the platform, potentially leading to even better news in the future.
For more company updates from Shark Tank Season 13, check out our Season 13 products page.
Q: Can fans still interact with celebrities on Candi?
A: Yes, Candi is still operational, offering fans the chance to connect with a wide range of celebrities.
Q: What was the initial sales figure for Candi after its launch?
A: Candi made $100,000 in total sales after its launch in 2020.
Q: What are the founders, Keithan and Quiante Hendrick, currently focusing on?
A: Keithan is offering consulting services, while Quiante is hosting a podcast called Go Best Friend.
Q: What was the sharks’ primary concern during the Candi pitch?
A: The sharks expressed concerns about the business’s investability and its reliance on celebrity personalities for marketing.
Q: How can fans access Candi’s services?
A: Interested individuals can visit the company’s website and select their favorite celebrity to arrange a ‘meet and greet’ session via Zoom call.