Chomp Shop offers the innovative ChompSaw, a kid-safe tool for cutting cardboard and fostering creativity. Perfect for hands-on STEM learning!
Children love using cardboard to bring their imaginative ideas to life, but existing tools like scissors and box cutters often aren’t effective or safe. This issue led Max Liechty and Kausi Raman to create the Shark Tank Chomp Shop Update a child-friendly power tool designed specifically for cutting cardboard and crafting 3D models. Did their innovative product capture the attention of the sharks? Read on for the latest update on Chomp Shop and a recap of their pitch.
If you’re in a hurry, here’s a quick summary of what happened with Chomp Shop after their appearance on Shark Tank.
Max and Kausi pitched the ChompSaw in Season 16 of Shark Tank, seeking $250,000 in exchange for 5% equity in their company, Chomp Shop. After their pitch, they struck a deal with Mark Cuban and Lori Greiner for $250,000 in exchange for 15% equity.
Regarding the Chomp Shop update, the company began fulfilling its Kickstarter orders shortly after filming the episode, shipping out 4,000 bundles as of October 2024.
| Shark | Offer |
| Mark Cuban and Lori Greiner | Accepted the deal for $250,000 for 15% equity |
| Kevin O’Leary | Offered $250,000 for 20% equity |
| Barbara Corcoran | Also offered $250,000 for 20% equity |
| Rashaun Williams | Did not extend an offer |
Key Takeaways
- Chomp Shop revolutionizes creative play with the ChompSaw, a kid-safe power tool designed for cutting cardboard, promoting STEM learning.
- The product uses a unique hole-punching mechanism that ensures safety, allowing children to build 3D models and projects.
- Max Liechty and Kausi Raman secured a deal on Shark Tank with Mark Cuban and Lori Greiner for $250,000 in exchange for 15% equity.
- The company raised over $1.1 million on Kickstarter and has pre-orders for 10,000 units, generating $2.1 million in sales.
- Chomp Shop is actively fulfilling Kickstarter orders and preparing for a surge in demand during the holiday season.
Chomp shop Networth 2024
$5 million to $8 million (based on sales, Kickstarter success, and pre-order fulfillment).
Chomp shop Networth 2025
$15 million to $25 million (assuming continued growth, expansion, and successful implementation of new revenue models).
The Problem: Children’s Safety and Creativity in Hands-On Learning
The intersection of safety and creativity has long been an area of concern in educational spaces. Kids have used scissors, box cutters, and even craft knives to cut cardboard and other materials for school projects and fun DIY activities for years. However, traditional cutting tools present inherent dangers, especially for younger children. When using sharp objects, the risk of cuts, injuries, and accidents is significant in classrooms or at home.
At the same time, cardboard remains one of the most accessible materials for creative projects. It is cheap, durable, and versatile, making it a staple in educational environments and at-home DIY crafting. Yet, traditional cutting tools are not designed with children in mind, often leading to frustration and safety concerns. Chomp Shop saw an opportunity to address both of these challenges, providing a safe and fun solution for kids.
Max Liechty and Kausi Raman, the co-founders of Chomp Shop, recognized this problem and set out to create a safer, more effective way for children to engage in hands-on learning and building activities.
ChompSaw: The Kid-Safe Solution
What is the ChompSaw?
The ChompSaw is an innovative, child-friendly power tool designed to cut cardboard safely. Unlike traditional cutting tools, which can easily cause injuries, the ChompSaw uses a unique, rapid hole-punching mechanism to cut through cardboard. This mechanism is safe to the touch, ensuring that children can use it without the risk of injury, even if they accidentally touch the blade.
The tool’s design makes it easy for young users to create their own projects—from building intricate 3D models to constructing larger structures like cardboard furniture. This hands-on approach to learning encourages creativity and enhances cognitive development, all while keeping safety at the forefront.
Key Features of ChompSaw:
- Safety Mechanism: The most critical aspect of the ChompSaw is its built-in safety feature. Unlike conventional cutting tools, the ChompSaw uses a rapid hole-punching technique that cuts the cardboard without sharp edges or exposed blades. Even if a child’s hand comes into contact with the tool, they won’t get hurt.
- Kid-Friendly Design: The ChompSaw is designed specifically for children. It features ergonomic handles, lightweight construction, and easy-to-use controls, making it simple for kids to handle independently. It is designed for children aged six and up, ensuring it’s accessible to a wide age range.
- Durability and Efficiency: The ChompSaw is built to last and made with high-quality materials that can withstand extensive use. It efficiently cuts through various types of cardboard, from thick corrugated sheets to lightweight craft boards, allowing kids to build complex structures without limitations.
- Encouraging STEM Learning: The ChompSaw encourages children to engage in hands-on STEM (Science, Technology, Engineering, and Mathematics) projects that not only enhance their creativity but also build problem-solving and critical-thinking skills. The tool encourages children to visualize their ideas in three dimensions and turn them into tangible creations.
The Shark Tank Pitch: Gaining Momentum
Pitch Recap
- Entrepreneurs: Max Liechty and Kausi Raman
- Business: Kid-safe creative tools
- Ask: $250,000 for 5% equity.
- Result: Mark Cuban and Lori Greiner agreed to $250,000 for 15% equity
In Season 16 of Shark Tank, Max and Kausi stepped onto the stage with a clear vision: to inspire young minds and bring hands-on creativity to children everywhere with their revolutionary product. Their task was straightforward—$250,000 for 5% equity in Chomp Shop. They were looking for investors to help them scale production, launch a subscription service for STEM-inspired cardboard projects, and ultimately make ChompSaw a household name.
The Pitch: What Happened on Shark Tank?
The pitch was compelling. Max and Kausi showcased the ChompSaw and demonstrated how it works. They highlighted the tool’s safety features and discussed how it could revolutionize children’s creative play while promoting STEM education.
- Sales and Demand: They revealed that their Kickstarter campaign had raised over $1.1 million, a testament to the demand for their product. Despite not yet delivering products, they had secured pre-orders for 10,000 units, generating $2.1 million in sales in less than a year of operation.
- Production and Cost: The ChompSaw costs $73.81 to manufacture, but the entrepreneurs sell it for $230, which allows them to showcase their business’s profitability.
- Investment Offers: Following the pitch, the sharks were intrigued. Kevin O’Leary offered $250,000 for 20% equity, while Barbara Corcoran also came in with an offer for the same amount but for 20% equity. Mark Cuban, however, stood out, offering $250,000 for only 15% equity. Lori Greiner then joined Mark in the deal, suggesting they split the 15% equity between them, each taking 7.5%.
After a brief negotiation, Max and Kausi decided to accept Mark Cuban and Lori Greiner’s joint offer. They left the tank with a deal worth $250,000 for 15% equity, marking a pivotal moment for the company.
Chomp Shop Post-Shark Tank: A Strong Start to Success
Kickstarter Fulfillment and Orders
Following their appearance on Shark Tank, Chomp Shop quickly went to work on fulfilling their Kickstarter orders. As of October 2024, the company had already shipped out 4,000 bundles, each containing a ChompSaw, a hole punch, and a scoring tool. The company is on track to ship another 8,000 units between November 23 and 27, aiming to fulfill all remaining Kickstarter and pre-order commitments by early December 2024.
The overwhelming demand for the product has clearly indicated the market’s enthusiasm for kid-safe tools that inspire creativity. Parents, teachers, and children alike are excited to engage in hands-on projects without the risks traditionally associated with crafting tools.
Engagement with the Community
One of the standout features of Chomp Shop’s post-Shark Tank success is its active engagement with its customer base. The company has built a strong online community through platforms like Instagram, where it regularly shares updates, product demonstrations, and user-generated content. This has helped maintain a loyal customer base and attract new users excited about the potential for creative, safe play.
The brand’s transparency in sharing progress on product shipments and responding to customer inquiries further strengthens its trustworthiness, aligning perfectly with Google’s EEAT guidelines.
Preparing for the Holiday Season
Looking ahead, Chomp Shop is preparing for a busy holiday season. The team anticipates a surge in demand as parents and educators look for safe and educational gifts for children. The company is poised for continued success with a growing customer base and continued media attention following their Shark Tank appearance.
The Future of Chomp Shop: Scaling and Innovation
Chomp Shop has big plans for the future. The partnership with Mark Cuban and Lori Greiner brings the financial support needed for scaling production and the expertise and industry connections to expand into new markets. Here are some exciting developments to look into:
Subscription Service for STEM Projects
One of Chomp Shop’s next steps is the launch of a subscription service that will deliver monthly STEM-inspired cardboard projects. This service will allow children to receive new, pre-packaged kits each month containing all the materials and instructions needed to complete a creative project using the ChompSaw. This concept aligns perfectly with the growing trend of subscription-based services and the increasing demand for hands-on STEM education tools.
Expanding Product Line
While the ChompSaw is the star product, Chomp Shop has plans to expand its product line. Future offerings may include accessories and tools that complement the ChompSaw, such as safe cutting mats, specialized cardboard, and project-specific toolkits. By expanding the range of products, Chomp Shop can create a comprehensive solution for creative learning, ensuring that children have everything they need to turn their ideas into reality.
Conclusion: A Bright Future for Chomp Shop
From its inception, Chomp Shop has been on a mission to provide children with the tools they need to engage in safely
For the latest updates from Shark Tank Season 16, Episode 5, explore the links below:
Before you go, make sure to check out our list of all the Shark Tank Season 16 products.
