Stretchlace Net worth 2024, After Shark Tank Update Revenue Funding Sales Owner

Stretchlace is a stretchable, comfortable, and hassle-free shoelace-making company located in Boise, Idaho. The company was founded by a female entrepreneur Jamie Montz who went to shark tank seeking $100,000 for 15% equity. As of 2024, Stretchlace’s net worth is $2.59 million.

Stretchlace Net Worth

Stretchlace Net worth, After Shark Tank Update, Revenue, Owner

Stretchlace sells its products only on online platforms like Amazon and also sells on its own website. They have multiple varieties of Stretchlace, which selling prices ranging from $5.99 to 12.99.

Boise, Idaho-based company The Original Stretchlace has an estimated net worth of $2.59 million including brand value.

In 2019, they sold $221,000 worth of products, and the following year they sold $165,000 worth of shoelaces.

Company nameThe Original Stretchlace
BrandStretchlace
FounderJamie Montz
Founded2015
IndustriesRetail Apparel and Fashion
HeadquartersBoise, Idaho, United States
ProductsShoelace
Business TypePVT. LTD
PatentZero
Net worth$ 2.59 Million
Revenue$ 400K
Company value$ 3 Million
Total Funding$ 100K
Investors1 (One)
Owner2 (Two)

Also read – Swipensnap Shark Tank Update, Net Worth, Funding, Revenue, Sales, Owner

Stretchlace Shark Tank Funding

Air Date14 May 2021
TV showShark Tank Episode 24, Season 12
Asking for$100,000 for 15% equity
Final deal$100K for 30% equity
Shark inRobert Herjavec
Sharks outDaniel Lubetzky, Mark Cuban, Lori Greiner, and Kevin O’Leary

Shark Tank Pitch, Offer, and Video

Jamie Montz (Founder): Seeking $100,000 for 15% equity

Robert Herjavec: Robert initially left the deal by saying “You are 20 years Amazon goddess selling a 13$ shoelace I’m out”.

Kevin O’Leary: Kevin didn’t invest in this business.

Daniel Lubetzky: Daniel was a little bit interested in this business but he didn’t see the entrepreneurial zeal of the founder Jamie, and that’s why he didn’t invest in this business.

Lori Greiner: Lori trusted the founder but Lori said that this is not the right business for her to invest in.

Mark Cuban: Mark also decided to not invest by saying “You are better right now without an investor”.

After all the sharks decided not to invest in the Stretchlace, Robert made an offer only for the skilled founder.

Robert Herjavec: Robert made an offer of $100,000 for a 33% stake.

Jamie Montz (Founder): Jamie countered with 25% for $100,000.

Robert Herjavec: Robert was stuck with his offer.

Jamie Montz (Founder): Jamie again countered with 30% for $100,000

Robert Herjavec: Robert accepted the offer of $100K in exchange for 30% equity in her company.

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How is Stretch Lace doing after Shark Tank?

After Shark Tank, Stretchlace has seen a spike in traffic to its online store, which has increased its sales and revenue. Also, the Amazon store’s sales have grown and many potential customers got familiar with the product through the Shark Tank TV show.

After getting funding from sharks their net worth and brand value have increased tremendously.

Social media account…

Instagramtheoriginalstretchlace

FAQs

Is StretchLace still in business?

Yes, As of 2024, StretchLace is still in the business and the company sells the product on Amazon as well as on its own website.

Who is the CEO of StretchLace?

StretchLace’s CEO is Jamie Montz.

What is the net worth of Stretchlace?

The Original Stretchlace’s net worth is $ 2.59 million.

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