Betswaps.com Net Worth 2024 Update (Before & After Shark Tank)
Betswaps.com is an online sports tipping marketplace. This was started by Michael Timbs in 2016. As of January 2024, Betswaps.com’s net worth is over $10 million. They’re pulling in a whopping $10 million in annual revenue.
In May 2016, they appeared on season 02 of Shark Tank Australia and made a deal with Glen Richards and Steve Baxter for $200,000 for 15% of equity. The final valuation was $1.3 million, down from the founder’s initial estimate of $2 million.
The appearance on the show and securing a deal allowed Betswaps.com to boost its sales and expand the business. As of January 2024, Betswaps.com is performing well in the market. You can get Betswaps.com services through the company website.
Betswaps.com Net Worth
| Net worth | $10 million (2024) |
| Annual Sales Revenue | $10 million (2024) |
| Profits | – |
| Lifetime sales | – |
| Investors | Glen Richards and Steve Baxter |
| Founder | Michael Timbs |
| Employees | <10 |
Betswaps.com Net Worth Timeline
| Net Worth 2024 | $10 million |
| Net Worth 2023 | $10 million |
| Net worth valuation in 2016 after appearing on Shark Tank | $1.3 million |
| Net worth valuation in 2016 before appearing on Shark Tank | $2 million |
Betswaps.com Pitch on Shark Tank
| Product | An online sports tipping marketplace |
| Episode | Season 02 Episode 03 |
| Founder | Michael Timbs |
| Asked for | $200,000 for 10% equity |
| Company name | Betswaps.com |
| Final deal | $200,000 for 15% equity |
| Sharks | Glen Richards and Steve Baxter |
| Location | Adelaide, South Australia |
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Betswaps.com Founder
Michael Timbs founded Betswaps.com in 2016. Michael graduated from the University of Adelaide, completing his Civil Engineering degree. Michael is a tech enthusiast. He is an entrepreneur as well as a Software Engineer. He has been working as a Software Engineer for years in various companies. Betswaps.com’s founder, Michael Timbs’s net worth is unknown as of 2024.
Key accomplishments
| Year | Accomplishment |
| 2016 | Betswaps.com was featured on Shark Tank and secured a deal. |
Conclusion
From their beginnings on Shark Tank to their current status as a thriving business, they have proven that with the right idea and execution, anything is possible. We can’t wait to see the future for Betswaps.com and its continued success.
