Qeepsake Net Worth: QeepSake is a Newton, MA company that produces photo and text journals about children documented through texts. The service will apply what has been submitted to an online journal recording the child’s existence. All users have to do is text an image, or a message to the telephone number.
The articles can then be collected into printable books priced between $29.99 and $44.99 depending on the book’s length. Sadly, only four such printed journals have been sold by QeepSake.
The rest of the company is a year standard membership, up to $95/year. They have 40,000 users at a 16 percent pay-as-you-go rate. They earned $255,000 “in revenue” in four months. Although Chris Sacca and Mr. Wonderful both made bids on 20% equity, it declined and left without a contract.
Qeepsake Net Worth
QeepSake was overestimated in the tank. In the four-monthing cycle, $255,000 is $765,000 in the fiscal year, which would still take several years to earn, even though growth would continue rapidly (which was impossible due to the extremely high payment conversion rate for paying subscribers).
As he was unable to go above Mr. Wonderful at 12 percent and Chris at 14 percent, this is more of a case of using the tank to convince people of his product without a genuine intention to make a real sale. In other words, the use of the Shark Tank Bump.