Stryda’s net worth is $1 million as of March 2024. In 2023, the company made $20,000 in sales. Stryda is a company manufacturing Cork insoles. Thien Trinh started this company in 2014.
In August 2023, they appeared on season 5 of Shark Tank Australia and made a deal with Robert Herjavec, Jane Lu, Sabri Suby, and Davie Fogarty for $50,000 in funding with 10% equity to each Shark + $2 royalty on each sale until the funding is paid back. The final valuation was $125,000, down from the founder’s initial estimate of $500,000.
After an impressive pitch, Thien managed to get offers from all five sharks. Thien decided to accept a group deal with four sharks. The appearance on the show and winning a deal gave significant exposure to his business. As of March 2024, the company keeps performing well in the market. Their products are available on the company website and selected medical supply stores.
Stryda Net Worth
| Net worth | $1 million (2024) |
| Annual Sales Revenue | Not available |
| Profits | Not available |
| Lifetime sales | Not available |
| Investors | Robert Herjavec, Jane Lu, Sabri Suby, and Davie Fogarty |
| Investment | $50,000 in funding with 10% equity to each Shark + $2 royalty on each sale until the funding is paid back |
| Founder | Thien Trinh |
| Employees | <10 |
Stryda Net Worth Timeline
| Net Worth 2024 | $1 million |
| Net worth valuation in 2023 after appearing on Shark Tank | $125,000 |
| Net worth valuation in 2023 before appearing on Shark Tank | $500,000 |
Stryda Pitch on Shark Tank
| Product | Cork insoles |
| Episode | Season 5 Episode 01 |
| Founder | Thien Trinh |
| Asked for | $50,000 for 10% equity |
| Company name | Stryda |
| Final deal | $50,000 in funding with 10% equity to each Shark + $2 royalty on each sale until the funding is paid back |
| Sharks | Robert Herjavec, Jane Lu, Sabri Suby, and Davie Fogarty |
| Location | Greater Melbourne Area |
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Stryda Founder
Thien Trinh founded Stryda in 2019. Thien is originally Vietnamese and grew up in the United States. He completed his Bachelor’s degree at La Trobe University. Thien is a podiatrist by profession. He wanted to use his professional knowledge in the field to start his own business. Stryda’s founder, Thien Trinh, has an unknown net worth as of 2024.
Key accomplishments
| Year | Accomplishment |
| 2023 | The company appeared on Shark Tank and secured a deal. |
| 2024 | The company has partnered with Sendle for shipping, Australia’s first 100% carbon-neutral delivery service. |
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 Stryda and its continued success.
