Lite Netics, a magnetic holiday light, was started by Shawn Genenbacher in August 2009. As of September 2023, Lite Netics’ net worth is $1 million, and they’re pulling in a whopping $1 million in annual revenue
In December 2013, they appeared on Season 05 of Shark Tank USA, seeking $125,000 in exchange for 20% equity, valuing the company at $625K. However, the Sharks were interested in something other than investing in Lite Netics. Offers from the sharks, he disagreed with them, and he left without a deal.
In September 2023, they’re still in business, making over $1 million in yearly sales. You can buy their products online, including on their website and Amazon.
Lite Netics Net Worth
| Net worth | $1 million (2023) |
| Annual Sales Revenue | $1 million (2022) |
| Profits | – |
| Lifetime sales | – |
| Investor | None |
| Founder | Shawn Genenbacher |
| Employees | 10 employees |
Lite Netics Net Worth Timeline
| Net Worth 2023 | $1 million |
| Net Worth 2022 | $1 million |
| Net Worth 2021 | $500K |
| Net worth valuation 2013 before appearing on Shark Tank | $625K |
Lite Netics Pitch on Shark Tank
| Company name | Lite Netics |
| Product | Magnetic holiday lights |
| Episode | Season 05 Episode 12 |
| Founder | Shawn Genenbacher |
| Asked for | $125,000 in exchange for 20% equity |
| Final deal | No Deal |
| Shark | None |
| Location | Texas, USA |
Don’t miss these product from Season 05
Lite Netics Founder
Lite Netics was founded by Shawn Genenbacher in 2009. Shawn Genenbacher owns the company Lite-Netics and graduated from Texas Tech University, Texas. Also, He currently works as a Project Manager in Tigris, LLC. Lite Netics’s founder, Shawn Genenbacher, has a net worth of 1 million USD as of 2023.
Key accomplishments
| Year | Accomplishment |
| 2013 | The company appeared on Shark Tank Season 05 |
| 2022 | The company earned 1 million revenue as of 2022 |
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 Lite Netics and its continued success.