Chomp Shop, a kid-safe power tool founded by Kausi Raman and Max Liechty, aired on the 16th season of Shark Tank USA in 2024. The founders were seeking $250,000 for 5% equity for their business. However, they secured a deal with Mark Cuban and Lori Greiner, which was $250,000 for 15% equity, valuing the company at $1.66 million. In this article, we will explore Chomp Shop Net Worth in 2024, details of the Shark Tank pitch, and more.
Chomp Shop Net Worth 2025 & Financial Overview
After the show aired, the company experienced significant sales, with an estimated growth rate of 10% per year. Based on the company’s growth rate and valuation after the Shark Tank show, Chomp Shop Net Worth is estimated at $4 million in 2025.
| Annual Sales Revenue | $2.3 million *estimated |
| Profits | Not Available |
| Lifetime sales | Not Available |
Chomp Shop Shark Tank Pitch
Kausi and Max appeared on Shark Tank and asked, $250,000 investment for a 5% share in their company, Chomp Shop. There, they explained that existing cardboard-cutting machines for kids had problems, and instead, they introduced their new tool, the Chomp Shop.
The Chomp Shop works like a quick hole punch that cuts through cardboard. It lets kids easily create shapes for art projects and is designed with safety in mind. Kausi and Max demonstrated the device and even let the Sharks try a sample, which sparked many questions about its safety and the appropriate age range. They said the tool is recommended for children eight years and older.
During their Shark Tank appearance, Mark Cuban raised a concern about the Chomp Shop’s safety, specifically asking what would happen if a child touched the blade. To address this concern, Kausi confidently demonstrated the tool’s safety by pressing her finger into the cutting area. As a result, she successfully showed that it wouldn’t cause harm.
Barbara Corcoran asked about the price of the Chomp Shop, and Kausi mentioned that it sells for $230. Mark followed up by asking about the production cost, which Kausi revealed to be $73.81 per unit.
In the tank Kausi also shared their sales achievements. The founders said that in October 2023, they launched a Kickstarter campaign that raised $1,175,102. Afterward, they secured an additional $1 million in funding. Additionally, Kausi mentioned that a family member contributed $5,000 through a Simple Agreement for Future Equity (SAFE).
When appearing at the Shark Tank show, they haven’t delivered the product to customers, but they have received pre-orders for 10,000 units, totaling $2.1 million in sales within a year. In February 2024, they relocated to China for four months to enhance their production process. Max shared that they expect to deliver pre-order products in the coming months, as manufacturing in China is almost complete.
Kevin asked if they planned to sell the product in retail stores. In response it, Kausi explained that they sell directly to customers but would explore retail options once they had enough inventory. Although the Sharks were impressed with the product, the founders voiced concern about the challenges of scaling the business. In response, they presented different offers to the entrepreneurs.
Kevin O’Leary offered $250,000 in exchange for 20% equity. Guest shark Rashaun Williams decided not to invest, saying it was too early for him. Barbara Corcoran matched Kevin’s offer, proposing $250,000 for 20% equity. Mark Cuban joined the competition with a better offer of $250,000 for 15% equity.
Lori Greiner quickly suggested teaming up with Mark. She proposed splitting the 15% equity, taking 7.5% each. Max and Kausi accepted that offer without hesitation. They left the show with a deal from Mark and Lori for $250,000 in exchange for 15% equity.
| Company Name | Chomp Shop |
| Founders | Kausi Raman and Max Liechty |
| Business | Creative Kid-Safe Tooling |
| Episode | Season 16, Episode 05 |
| Asked Deal | $250,000 for 5% equity |
| Final Deal | $250,000 for 15% equity |
| Sharks | Mark Cuban and Lori Greiner |
Summary of the Sharks’ Deal
| Shark | Offer | Counteroffer |
| Mark Cuban & Lori Greiner | $250,000 for 15% equity (Accepted Deal) | No |
| Barbara Corcoran | $250,000 for 20% equity | N/A |
| Kevin O’Leary | $250,000 for 20% equity | N/A |
| Rashaun Williams | No | N/A |
What Happened to Chomp Shop after Shark Tank?
As of February 2025, Chomp Shop is still in business. Chomp Shop saw a sudden rise in sales and website traffic after appearing on Shark Tank. The founders shared that the exposure immediately brought visitors to their site.
The company focused on improving its manufacturing process and expanding its product range. One of their upcoming innovations is the inventTABLE, a versatile crafting table designed for young creators. They also partnered with schools and educators to promote the Chomp Shop as a tool for teaching STEM concepts. Max emphasized that their goal is to spark creativity and encourage hands-on learning.
They launched a subscription service that provides monthly cardboard projects for kids to enhance customer engagement. They are dedicated to creating a well-rounded learning environment that inspires children to be curious, creative, and environmentally conscious.
Chomp Shop Founders
Kausi Raman and Max Liechty are the founders of Chomp Shop. In March 2022, while working as a teaching assistant in a course on Integrated Product Design at the University of Pennsylvania, Kausi Raman came up with an innovative idea. As she immersed herself in the course content, the inspiration naturally emerged from her hands-on experience. She shared it with Max Liechty, a university lab engineer and colleague, who was excited to help turn her idea into a business and explore more possibilities.
Max’s 2-year-old son, Milo, unexpectedly helped improve the design of the Chomp Shop prototype. His interactions with the tool provided valuable insights that led to design refinements, making it more functional. In April 2022, Kausi officially started Chomp Shop, and by May, Max joined her as a co-founder. Over the next few months, they presented their designs to parents and teachers, gathering useful feedback.
After perfecting the product, they launched a Kickstarter campaign and quickly raised nearly $1 million in funding. By October 2023, they showcased their products at events like the Bay Area Maker Faire, The Franklin Institute, and The Please Touch Museum. In February 2024, they moved to China for four months to improve and refine their production process.
During this time, Kausi balanced her role as a Designer in Residence at Penn Engineering while also becoming the Program Coordinator at the Wharton School. Max also advanced in his career, earning a promotion to Lecturer at University of Pennsylvania. Both knew that standing out in a competitive market required focusing on product quality. Kausi Raman and Max Liechty’s net worth is unknown as of 2025.
Conclusion
Shark Tank is a TV show showcasing different business ideas, helping them succeed. Chomp Shop was one of the ventures featured on the show. They made a deal with Mark Cuban and Lori Greiner, showing that success is possible with the right idea and execution. Now, we eagerly await to see how their success story unfolds in the future.
