Drumpants Net Worth 2024 Update (Before & After Shark Tank)
As of 2024, Drumpants is out of business with a final valuation of $3 million.
DrumPants, a wearable tech startup founded by Tyler Freeman and Lei Yu, appeared on Shark Tank in 2015, offering a product that turns any surface into a musical instrument. Despite not securing a deal, the company raised over $75,000 through crowdfunding on Kickstarter and Indiegogo.
However, DrumPants had some struggles to gain traction in the market. As of 2024, the company is no longer in operation, with its website inactive and no recent updates. The business is believed to be defunct, with no disclosed acquisition or significant investor backing post-Shark Tank.
Drumpants Net Worth
| Estimated Net worth | $3 million (2014) Business Valuation |
| Annual Sales Revenue | Not available |
| Lifetime sales | Not available |
| Investor | None |
| Founder | Lei Yu and Tyler Freeman |
| Employees | Not available |
Drumpants Pitch on Shark Tank
| Company name | Drumpants |
| Product | Wearable drum machine technology and app that lets you make beats on your pants |
| Episode | Season 6 Episode 03 |
| Founders | Lei Yu and Tyler Freeman |
| Asked for | $150,000 for 5% Equity |
| Final deal | None |
| Shark | None |
| Location | San Francisco, California |
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Drumpants Founders
Lei Yu and Tyler Freeman found Drumpants in 2013. Lei Yu is a serial entrepreneur with experience in user experience, marketing, and operations. He is passionate about creating products that make music more accessible and fun for everyone. Tyler Freeman is an inventor, artist, and software architect. He is the brains behind Drumpants’ innovative design and technology. The net worth of Drumpants’s founders, Lei Yu and Tyler Freeman, is unknown as of 2024, since the business is no longer operational.
Key accomplishments
| Year | Accomplishment |
| 2016 | Appeared on Shark Tank season 06. |
Conclusion
Some companies that appear on the show have not achieved great success, and the Drumpants was one of them. Sometimes businesses don’t succeed because of many reasons. Sometimes, the deal falls through after the founders say yes on camera. Or, as you’ll see, sometimes things happen to the founders themselves, and they choose to abandon the business. Anything is possible. However, Drumpants went out of business in 2016. And the product is no longer available in the market.
