in , ,

The Factionist Net Worth 2023 Update (Before & After Shark Tank)

"The Factionist" Net Worth 2023 Update

The Factionist is a T-shirt range that shows social awareness messages. This was started by Nate Berkopec in 2010. The Factionist’s net worth was $150,000 at the time of their pitch in 2010, based on the $30,000 offer for 20% of the equity of the company. 

They appeared in Season 01 of Shark Tank USA in 2010. But the Sharks were not interested in investing in The Factionist.

Nate had to leave the show without securing a deal for The Factionsit. The business did not indicate much growth after the show. Thus, it went out of business in the same year. The Factionist is no longer available in the market.

The Factionist Net Worth

Net worth$150,000 (2010)
Annual Sales Revenue$3,000 (2010)
Profits
Lifetime sales
Investor
FounderNate Berkopec
Employees

The Factionist 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 2010 before appearing on Shark Tank  $150,000 (business valuation)

The Factionist Pitch on Shark Tank

Company nameThe Factionist
ProductT-shirt range that shows social awareness messages
EpisodeSeason 01 Episode 12
FounderNate Berkopec
Asked for$30,000 for 20% equity
Final dealNo deal
SharkNo shark
LocationUSA

Don’t miss these products from Season 1

The Factionist Founder

Nate Berkopec founded The Factionist in 2010. Nate was an undergraduate at the University of New York when he came up with the idea of The Fcationist. He completed his degree, majoring in Business and Managerial Economics. Nate is currently based in Tokyo, Japan, and he is the owner of Speedshop. The Factionist’s founder, Nate Berkopec’s net worth is unknown as of 2023.

Key accomplishments

YearAccomplishment
2010The Factionist was featured on Shark Tank.

Conclusion

Some companies that appear on the show have not achieved great success, and the The Factionist 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,  The Factionist went out of business in 2010. And the product is no longer available in the market.

What do you think?

Written by GAG Team

"Boogie Box Fitness" Net Worth 2023 Update

Boogie Box Fitness Net Worth 2023 Update (Before & After Shark Tank)

Why do companies mostly choose to outsource their IT support

Why do companies mostly choose to outsource their IT support?