Smartwheel Net Worth 2023 Update (Before & After Shark Tank)

"Smartwheel " Net Worth 2023 Update

Smartwheel is an intelligent steering wheel that helps prevent distracted driving. This was started by TJ Evarts, Jaiden Evarts, Bryeton Evarts, Paige Balcom, Emily Balcom, and Kate Balcom. Smartwheel’s net worth was $333,000 in 2013 based on the Shark Tank deal.

In 2013 they appeared on Season 4 of Shark Tank USA and made a deal with Robert Herjavec and Mark Cuban, $100,000 for 30% of equity.

Smartwheel was still a prototype when it was featured on Shark Tank. Despite securing a deal, the Shark investors and owners of  Smartwheel could not agree on licensing the product; therefore, the deal did not come into effect. The owners launched a kickstart campaign and also searched for other funders. However, they did not have much luck and the company became inactive in 2019. The company’s FaceBook account is still up, but the product is not available in the market. 

See also: Similar products on Amazon.

Smartwheel Net Worth

Net worth$333,000 (2013)
Annual Sales Revenue
Profits
Lifetime sales
InvestorsRobert Herjavec and Mark Cuban
FoundersTJ Evarts, Jaiden Evarts, Bryeton Evarts, Paige Balcom, Emily Balcom, and Kate Balcom
Employees<10

Smartwheel Net Worth Timeline

Net Worth 2023Out of business 
Net Worth 2022Out of business
Net Worth 2021Out of business 
Net Worth 2020Out of business 
Net worth valuation in 2013 after appearing on Shark Tank  $333,000
Net worth valuation in 2013 before appearing on Shark Tank  $666,000

Smartwheel Pitch on Shark Tank

Company nameSmartwheel
ProductAn intelligent steering wheel that helps prevent distracted driving.
EpisodeSeason 04 Episode 16
Founders TJ Evarts, Jaiden Evarts, Bryeton Evarts, Paige Balcom, Emily Balcom, and Kate Balcom
Asked for$100,000 for 15% equity
Final deal$100,000 for 30% equity
SharksRobert Herjavec and Mark Cuban
LocationNew Hampshire

Don’t miss these products from Season 4

Smartwheel Founders

Smartwheel was founded by TJ Evarts, Jaiden Evarts, Bryeton Evarts, Paige Balcom, Emily Balcom, and Kate Balcom. This young group of ambitious entrepreneurs was led by TJ Everts. By the time of the pitch, they all were school students. They wanted to find an innovative solution to avoid distracted driving. Smartwheel’s founders TJ Evarts, Jaiden Evarts, Bryeton Evarts, Paige Balcom, Emily Balcom, and Kate Balcom net worth is unknown as of 2023.

Key accomplishments

YearAccomplishment
2012The owners demonstrated SmartWheel to president Barak Obama 
2013Smartwheel appeared on Shark Tank and secured a deal 

Conclusion

Some companies that appear on the show have not achieved great success, and the Smartwheel was one of them. Sometimes businesses don’t succeed because of many reasons. Sometimes, the deal falls through after the founders say yes on camera. Or, as you’ll see, sometimes things happen to the founders themselves, and they choose to abandon the business. Anything is possible. However,  Smartwheel went out of business in 2019. And the product is no longer available in the market.