Smartwheel Net Worth 2023 Update (Before & After Shark Tank)
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 | – |
| Investors | Robert Herjavec and Mark Cuban |
| Founders | TJ Evarts, Jaiden Evarts, Bryeton Evarts, Paige Balcom, Emily Balcom, and Kate Balcom |
| Employees | <10 |
Smartwheel Net Worth Timeline
| Net Worth 2023 | Out of business |
| Net Worth 2022 | Out of business |
| Net Worth 2021 | Out of business |
| Net Worth 2020 | Out 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 name | Smartwheel |
| Product | An intelligent steering wheel that helps prevent distracted driving. |
| Episode | Season 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 |
| Sharks | Robert Herjavec and Mark Cuban |
| Location | New 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
| Year | Accomplishment |
| 2012 | The owners demonstrated SmartWheel to president Barak Obama |
| 2013 | Smartwheel 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.
