SilkRoll, a digital clothing exchange platform, was started by Janet Wu and Erin Wold-Fettner in 2016. As of August 2023, SilkRoll net worth is $4 million, and they’re pulling in a whopping $1 million in annual revenue.
In March 2019, they appeared on Season 10 of Shark Tank USA, seeking $250,000 for 3% equity, valuing the company at $8.3 million. The Sharks quickly started asking many questions because they needed to understand how the business worked. Unfortunately, the presenters couldn’t provide good answers about how they make money.
As of August 2023 SilkRoll is still in business. You can purchase SilkRoll products online through their ecommerce channels such as their website and Amazon.
SilkRoll Net Worth
| Net worth | $4 millon |
| Annual Sales Revenue | $1 million |
| Profits | – |
| Lifetime Sales | $20 million |
| Shark Tank Investor | N/A |
| Founders | Janet Wu and Erin Wold-Fettner |
| Employees | 9 employees |
SilkRoll Net Worth Timeline
| Net Worth 2023 | $4 million |
| Net Worth 2022 | $3 million |
| Net Worth 2021 | $1 million |
| Net Worth 2020 | $1 million |
| Net worth valuation 2019 before appearing on Shark Tank | $8.3 million |
SilkRoll Pitch on Shark Tank
| Company name | SilkRoll |
| Product | Fashion and Clothing |
| Episode | Season 10 Episode 17 |
| Founders | Janet Wu and Erin Wold-Fettner |
| Asked for | $250,000 for 3% equity |
| Final deal | No Deal |
| Shark | N/A |
| Location | California, USA |
SilkRoll Founders
SilkRoll was founded by Janet Wu and Erin Wold-Fettner in 2016. Janet Wu, who worked as an investment banker in different places for a decade, founded SilkRoll. She then told Erin Wold about her idea. Erin had always wanted to own fashionable clothes like these. SilkRoll’s founders, Janet Wu and Erin Wold-Fettner, have a net worth of 3 Million USD as of 2023.
Key accomplishments
| Year | Accomplishment |
| 2018 | In 2018, the two women launched their business with $104,773 they received from people who supported their idea on the crowdfunding website Republic. |
| 2019 | SilkRoll appeared Shark Tank Season 10 |
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 SilkRoll and its continued success.