Candi Celebrity Video Chat On Shark Tank Update – Shark Tank Season 13
Featured on Shark Tank
Candi Celebrity Video Chat On Shark Tank Season 13
Candi is a subscription-based platform that allows fans to receive personalized video messages from their favorite celebrities. Founders Pete Malpiedi and John David showcased the platform’s potential, but the sharks were not convinced to invest in their $200,000 for 5% equity offer. Summary:
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- Company Name: Candi
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- Founders: Pete Malpiedi, John David
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- Founded: 2018
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- Product: Subscription platform for personalized celebrity video messages
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- Asked For: $200,000 for 5% equity
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- Final Deal: No deal
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- Season/Episode (Shark Tank USA): Season 13, Episode 10
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- Business Status: In Business
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- Headquarters: Atlanta, Georgia, USA
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- Lifetime Worth (Sales): Estimated $500K
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- Watch On: Amazon Prime
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Description
Candi Celebrity Video Chat On Shark Tank Update – Shark Tank Season 13
Candi, a platform that facilitates personal video chats with celebrities, appeared on Shark Tank Season 13 but did not secure a deal. Here are the updates on the company since its appearance:
Candi Shark Tank Appearance
- Entrepreneurs: Keithan and Quiante Hendrick
- Business: Candi allows fans to connect with celebrities for five-minute video chats, with each celebrity setting their own rates. Candi retains 25% of the profits from each call.
- Ask: $500,000 for 15% equity
- Result: No deal; all sharks expressed concerns over the business model and valuation.
Key Points from the Candi Pitch
- The platform launched in April 2020 and generated $100,000 in sales shortly after.
- Celebrities available for chats include Mya, Chaka Khan, and Tori Spelling, with prices ranging from $30 to over $400 depending on the celebrity’s popularity.
- The sharks were skeptical about the sustainability of the business model, leading to their decision not to invest.
Candi Post-Shark Tank Developments
- Business Growth: Despite not getting a deal, Candi has continued to operate and expand its offerings. The platform now features hundreds of celebrities across various categories, including actors, musicians, chefs, and athletes.
- Celebrity Engagement: The Hendricks have successfully recruited numerous celebrities to the platform, enhancing its appeal to fans.
- New Features: Candi has added a feature that allows business owners to connect with influencers for promotional purposes, further diversifying its service offerings.
- Current Operations: As of now, Candi remains active, and while there is no dedicated app yet, the website is functional and continues to facilitate celebrity interactions.
Candi Current Status
Candi is still in business and has made strides in expanding its celebrity roster and user engagement. The founders are actively involved in promoting the platform, with Keithan also offering business consulting services and Quiante hosting a podcast. The company continues to explore ways to enhance its platform and potentially develop a mobile app in the future.
