FiberFix, a Repair tape, was started by Eric Child and Spencer Quinn in 2012. As of October 2023, FiberFix’s net worth is $1 Million. Their sales have increased rapidly in 2023.
On October 25, 2013, they appeared on Season 5 of Shark Tank USA and made a deal with Lori Greiner, for $120,000 in exchange for 12% of equity. The final valuation was $1 Million, up from the founder’s initial estimate of $900,000.
In 2018 J-B Weld acquired FiberFix. Also, FiberFix is still in business as of 2023. Products are available in over 20,000 retail stores and on the website.
FiberFix Net Worth
| Net worth | $1 Million (Business Valuation) |
| Annual Sales Revenue | – |
| Profits | – |
| Lifetime sales | – |
| Investor | Lori Greiner |
| Founders | Eric Child and Spencer Quinn |
| Employees | 25 |
FiberFix Net Worth Timeline
| Net Worth 2023 | $1 Million |
| Net Worth 2022 | $900,000 |
| Net Worth 2021 | $800,000 |
| Net Worth 2020 | $700,000 |
| Net worth valuation in 2013 after appearing on Shark Tank | $1 Million |
| Net worth valuation in 2013 before appearing on Shark Tank | $900,000 |
FiberFix Pitch on Shark Tank
| Company name | FiberFix |
| Product | Repair tape |
| Episode | Season 05 Episode 06 |
| Founders | Eric Child and Spencer Quinn |
| Asked for | $90,000 in exchange for 10% |
| Final deal | $120,000 in exchange for 12% equity |
| Shark | Lori Greiner |
| Location | North State Street Orem, UT |
FiberFix Founders
The company was founded by Eric Child and Spencer Quinn in 2012. FiberFix is a company that offers repair tape. Eric Child is an entrepreneur and founder of multiple high-growth consumer products companies. FiberFix’s founders, Eric Child and Spencer Quinn, have a net worth of USD 5 Million as of 2023.
Key accomplishments:
| Year | Accomplishment |
| 2018 | Reached $50 Million in retail sales. |
| 2013 | Appearing on the popular TV show Shark Tank in 2013 |
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 Spretz and its continued success.
