Posture Now, a Simple device for posture improvement, was started by Mike Lane and Matt Franklin. The company founded date is unknown. As of October 2023, Posture Now net worth is $666,666 and they’re pulling in a whopping $6 million in annual revenue.
On September 28, 2012, they appeared on Season 4 of Shark Tank USA and made a deal with Mark Cuban, for $100,000 for 30% and a $5 royalty until the initial investment was paid. The final valuation was $333,333, down from the founder’s initial estimate of $666,666.
Posture Now is still in business. Their products are available on the official website.
See also: Similar products on Amazon.
Posture Now Net Worth
| Net worth | $666,666 (Business valuation) |
| Annual Sales Revenue | $6 million (2022) |
| Profits | – |
| Lifetime sales | $330,000 |
| Investor | Mark Cuban |
| Founders | Mike Lane and Matt Franklin |
| Employees | – |
Posture Now Net Worth Timeline
| Net Worth 2023 | $666,666 |
| Net Worth 2022 | $600,000 |
| Net Worth 2021 | $500,000 |
| Net Worth 2020 | $400,000 |
| Net worth valuation in 2012 after appearing on Shark Tank | $333,333 |
| Net worth valuation in 2012 before appearing on Shark Tank | $666,666 |
Posture Now Pitch on Shark Tank
| Company name | Posture Now |
| Product | A simple device for posture improvement |
| Episode | Season 04 Episode 03 |
| Founders | Mike Lane and Matt Franklin |
| Asked for | $100,000 for 15% equity |
| Final deal | $100,000 for 30% and $5 royalty until the initial investment is paid |
| Shark | Mark Cuban |
| Location | West Linn, Oregon |
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Posture Now Founders
Posture Now was founded by Mike Lane and Matt Franklin. The company founded date is unknown. Mike Lane and Matt duo are co-developers. They are very passionate inventors and entrepreneurs. Posture Now’s founders, Mike Lane and Matt Franklin, net worth is unknown as of 2023.
Key accomplishments
| Year | Accomplishment |
| 2012 | Posture Now appeared on Shark Tank |
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 Posture Now and its continued success.
