“Flipoutz” got featured on Shark Tank America in April 2011. The current net worth of Flipoutz is unknown, as the business is not in operation since 2016. And the product is no longer available in the market. According to our online research, Flipoutz went out of business in 2016.
|Flipoutz’s Net worth before appearing on Shark Tank||500,000 USD (business valuation)|
|Flipoutz’s Current Net worth (2023)||Out of Business|
|Episode||Season 02 Episode 03|
|Product||Toy bracelets with collectible, tradeable flipout coins|
|Founder||Jake, Lachland, and Erin Johnson|
|Asked for||$100,000 for 20% Equity|
|Final deal||$100,000 for 33% Equity|
|Shark||Daymond John, Kevin O’Leary and Robert Herjavec|
|Business status||Acquired, Out of Business|
Flipoutz’s founders, Jake, Lachland, and Erin Johnson’s net worth are unknown as of 2023.
Some companies that appear on the show have not achieved great success, and Flipoutz 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, Flipoutz went out of business in 2016. And the product is no longer available in the market.