Outer, Outdoor Furniture Company, was started by Jiake Liu and Terry Lin in 2017. As of November 2023, Outer net worth is $100 million. And they’re pulling in a whopping $18.5 million in annual revenue.
In November 2019, they appeared on season 11 of Shark Tank USA and made a deal with Lori Greiner, for $300,000 for 22.5% of equity. The final valuation was $1.3 million, down from the founder’s initial estimate of $18.75 million.
Outer is still in business. The company was founded in 2017 and has since become one of the leading outdoor furniture brands in the United States. Outer is known for its high-quality, durable furniture that is designed to withstand the elements. Visit their official website for more details.
Outer Net Worth
| Net worth | $100 million (2023) |
| Annual Sales Revenue | $18.5 million (2023) |
| Profits | Not publicly available |
| Lifetime sales | Not publicly available |
| Investor | Lori Greiner |
| Founder | Jiake Liu and Terry Lin |
| Employees | Not publicly available |
Outer Net Worth Timeline
| Net Worth 2023 | $100 million |
| Net Worth 2022 | $24.6 million |
| Net worth valuation 2019 after appearing on Shark Tank | $1.3 million |
| Net worth valuation 2019 before appearing on Shark Tank | $18.75 million |
Outer Pitch on Shark Tank
| Company name | Outer |
| Product | Outdoor Furniture Company |
| Episode | Season 11 Episode 08 |
| Founders | Jiake Liu and Terry Lin |
| Asked for | $750,000 for 4% equity |
| Final deal | $300,000 for 22.5% equity |
| Shark | Lori Greiner |
| Location | Santa Monica, California, US |
Don’t miss these product from Season 11
Outer Founders
Outer was founded by Jiake Liu and Terry Lin in 2017. Jiake Liu serves as the Co-Founder and CEO of Outer. Terry Lin serves as the Co-Founder and Chief Design Officer of Outer. Outer’s founders, Jiake Liu and Terry Lin, have a net worth of $23 million as of 2023.
Key accomplishments
| Year | Accomplishment |
| 2019 | Appeared on Shark Tank season 11 and Lori Greiner invested $300,000 for 22.5% equity |
| 2020 | Received positive reviews from customers and critics alike. |
| 2021 | Expanded its distribution network to include major retailers such as West Elm and Pottery Barn. |
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 Outer and its continued success.
