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

Stryx, a cosmetic and skincare product, was started by Devir Kahan and Jon Shanahan in 2018. As of December 2023, Stryx’s net worth is $6 million and they’re pulling in a whopping $6.4 million in annual revenue. 

In November 2021, they appeared on season 13 of Shark Tank USA and made a deal with Robert Herjavec, $600,000 for 10% equity. The final valuation was $6 million, down from the founder’s initial estimate of $12 million.

As of 2023 December, the company is still in business. You can purchase products through e-commerce channels such as their website and Amazon.

Stryx Net Worth

Net worth$6 million
Annual Sales Revenue$6.4 million
Profits
Lifetime sales$1.5 million (As of 2021)
InvestorRobert Herjavec
FoundersDevir Kahan and Jon Shanahan
Employees1-25 employees

Stryx Net Worth Timeline

Net Worth 2023$6 million
Net Worth 2022$5.5 million
Net worth valuation 2021 after appearing on Shark Tank  $6 million
Net worth valuation 2021 before appearing on Shark Tank  $12 million

Stryx Pitch on Shark Tank

Company nameStryx
ProductCosmetics and skincare for men
EpisodeSeason 13 Episode 23
Founders Devir Kahan and Jon Shanahan
Asked for$600,000 for 5% equity
Final deal$600,000 for 10% equity
Shark Robert Herjavec
LocationNew York Area, East Coast, Northeastern US

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Stryx Founders

Stryx was founded by Devir Kahan and Jon Shanahan in 2018. Devir is the founder, and Jon serves as the Chief Marketing Officer. Jon, with his excellent marketing knowledge, promoted the products on TikTok, making them an instant hit. Stryx’s founders, Devir Kahan and Jon Shanahan, have a net worth of 1.9 million USD as of 2023.

Key accomplishments

YearAccomplishment
2021The company appeared on Shark Tank Season 13 and got the deal from Robert Herjavec.
2020The company had a successful Kickstarter Campaign and raised $11,834 funding. 

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 Stryx and its continued success.

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