Flipoutz Net Worth 2023 Update (Before & After Shark Tank)

"Flipoutz" Net Worth 2023 Update

Flipoutz is a toy bracelet with collectible, tradeable flipout coins. This business was started by Jake, Lachland, and Erin Johnson in 2010. Flipoutz’s net worth was $303,000 in 2011 based on the Shark Tank deal.

In 2011 they appeared on Season 2 of Shark Tank USA and made a deal with Daymond John, Kevin O’Leary, and Robert Herjavec, $100,000 for 33% of equity.

Flipoutz gained considerable popularity after the Shark Tank pitch. However, the company thrived only a couple of years after the show. Flipoutz was sold to Wild Craze Inc around 2013. By 2015, Flipoutz went out of business. As of October 2023, Flipoutz is no longer available in the market.

Flipoutz Net Worth

Net worth$303,000 (2011)
Annual Sales Revenue$20,000 (2010)
Profits
Lifetime sales
InvestorsDaymond John, Kevin O’Leary, and Robert Herjavec
FoundersJake, Lachland, and Erin Johnson
Employees

Flipoutz Net Worth Timeline

Net Worth 2023Out of business 
Net Worth 2022Out of business
Net Worth 2021Out of business 
Net Worth 2020Out of business 
Net worth valuation in 2011 after appearing on Shark Tank  $303,000
Net worth valuation in 2011 before appearing on Shark Tank  $500,000

Flipoutz Pitch on Shark Tank

Company nameFlipoutz
ProductToy bracelets with collectible, tradeable flipout coins
EpisodeSeason 02 Episode 03
Founders Jake, Lachland, and Erin Johnson
Asked for$100,000 for 20% equity
Final deal$100,000 for 33% equity
SharksDaymond John, Kevin O’Leary, and Robert Herjavec
LocationDavidson, North Carolina 

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Flipoutz Founders

Jake, Lachland, and Erin Johnson founded Flipoutz in 2010. Johnsons are siblings, and they came up with the idea of Flipoutz randomly while they were stuck in a traffic jam. Little did the Johnsons know the random idea turned into a successful small-scale business. Flipoutz is no longer a functioning business. Nevertheless, the Jhonson siblings, who became entrepreneurs at a young age, are now exploring their other career paths. Flipoutz’s founders, Jake, Lachland, and Erin Johnson, net worth is unknown.

Key accomplishments

YearAccomplishment
2011Flipoutz appeared on Shark Tank Season 2 and managed to secure a deal

Conclusion

Some companies that appear on the show have not achieved great success, and the 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 2015. And the product is no longer available in the market.