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.
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Stretchlace Net Worth
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 name | The Original Stretchlace |
| Brand | Stretchlace |
| Founder | Jamie Montz |
| Founded | 2015 |
| Industries | Retail Apparel and Fashion |
| Headquarters | Boise, Idaho, United States |
| Products | Shoelace |
| Business Type | PVT. LTD |
| Patent | Zero |
| Net worth | $ 2.59 Million |
| Revenue | $ 400K |
| Company value | $ 3 Million |
| Total Funding | $ 100K |
| Investors | 1 (One) |
| Owner | 2 (Two) |
Also read – Swipensnap Shark Tank Update, Net Worth, Funding, Revenue, Sales, Owner
Stretchlace Shark Tank Funding
| Air Date | 14 May 2021 |
| TV show | Shark Tank Episode 24, Season 12 |
| Asking for | $100,000 for 15% equity |
| Final deal | $100K for 30% equity |
| Shark in | Robert Herjavec |
| Sharks out | Daniel 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.
Also read – FitFighter Net Worth, After Shark Tank, Funding, Revenue, Sales, Owner
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…
| theoriginalstretchlace |
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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