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Drumpants Net Worth 2024 Update (Before & After Shark Tank)

Drumpants

Drumpants, Wearable drum machine technology and app that lets you make beats on your pants, was started by Lei Yu and Tyler Freeman in 2013. Drumpants Net worth was $3 million at the time of their pitch in 2014 based on the $150,000  offer for an 5% of equity of the company. 

They appeared on season 6 of Shark Tank USA in 2014. But the Sharks were not interested in investing in Drumpants. The Sharks thought that the product wouldn’t have a broad appeal, and they also felt that the Drumpants team didn’t have a clear vision for the product or a strong marketing plan.

Unfortunately, Drumpants is out of business in 2016.

Drumpants Net Worth

Net worth$3 million (2014)
Annual Sales Revenue
Profits
Lifetime sales
InvestorNone
FounderLei Yu and Tyler Freeman
Employees

Drumpants Net Worth Timeline

Net worth valuation 2014 after appearing on Shark Tank  $3 million
Net worth valuation 2014 before appearing on Shark Tank  $3 million

Drumpants Pitch on Shark Tank

Company nameDrumpants
ProductWearable drum machine technology and app that lets you make beats on your pants
EpisodeSeason 6 Episode 03
Founders Lei Yu and Tyler Freeman
Asked for$150,000 for 5% Equity
Final dealNone
SharkNone
LocationSan Francisco, California

Don’t miss these product from Season 06

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 USD as of 2024.

Key accomplishments

YearAccomplishment
2016Appeared 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.

What do you think?

Written by GAG Team

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