Lovesync, a device designed to help couples communicate their desire for intimacy discreetly, appeared on Shark Tank in 2020 but failed to secure a deal. Despite this, the company garnered significant attention and raised over $21,000 on Kickstarter.
As of 2024, Lovesync is still in business, focusing on direct-to-consumer sales through its website. The company has not undergone any acquisitions, and there are no major investors disclosed.
While the initial buzz has quieted, Lovesync continues to serve its niche market, with a current estimated net worth of $300,000.
Lovesync Net Worth
| Estimated Net worth | $300,000 (2024) |
| Annual Sales Revenue | Not available |
| Lifetime sales | $1.3 million |
| Investor | None |
| Founder | Jenn and Ryan Cmich |
| Employees | 10 employees |
Lovesync Pitch on Shark Tank
| Company name | Lovesync |
| Product | Couples’ buttons to help initiate sex |
| Episode | Season 11 Episode 11 |
| Founders | Jenn and Ryan Cmich |
| Asked for | $100,000 for 10% equity |
| Final deal | None |
| Shark | None |
| Location | San Francisco, California |
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Lovesync Founders
Lovesync was founded by Jenn and Ryan Cmich in 2016. The couple was inspired to create the product after struggling to communicate their sexual desires to each other openly. They wanted to find a way to make it easier for couples to initiate sex without having to have a potentially awkward conversation. Lovesync’s founders, Jenn and Ryan Cmich’s net worth is unknown as of 2024. However, based on business valuation, it should be approximately $1 million.
Key accomplishments
| Year | Accomplishment |
| 2020 | Appeared on Shark Tank season 11. |
| 2021 | Expanded its product line to include a variety of sex toys and accessories. |
| 2022 | Launched its app for Android devices. |
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 Lovesync and its continued success.