The Heat Helper is a device that recycles the warm air of a clothes dryer, redirecting it back to the home. This was invented by Lyle Schuette. The net worth was $2 million at the time of their pitch in 2012 based on the $1 million offer for a 50%of equity of the company.
The Heat Helper appeared on Season 3 of Shark Tank USA in 2012. But, the Sharks were not interested in investing in The Heat Helper.
The Heat Helper could not get an offer from the sharks, but the appearance in the show made his product demanding. Unfortunately, The Heat Helper is no longer in business. The company ceased operations in 2019.
The Heat Helper Net Worth
|Net worth||2 million (business valuation)|
|Annual Sales Revenue||–|
The Heat Helper 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 2012 before appearing on Shark Tank||$2 million (business valuation)|
The Heat Helper Pitch on Shark Tank
|Company name||The Heat Helper|
|Product||A device that recycles the warm air of a clothes dryer|
|Episode||Season 03 Episode 07|
|Founder / Founders||Lyle Schuette|
|Asked for||$1 million for 50% Equity|
|Final deal||No deal|
Don’t miss these product from Season 3
The Heat Helper Founder
Lyle Schuette founded The Heat Helper and the product appeared on Shark Tank in 2012. Lyle is an ambitious entrepreneur and he currently focuses on his other business, Schuette’s Dirt Work. The Heat Helper’s founder, Lyle Schuette’s net worth is unknown as of 2023.
|2012||Shark Tank appearance/ After the show there was a huge surge in the company website and got many inquiries on the product|
Some companies that appear on the show have not achieved great success, and the The Heat Helper 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 Heat Helper went out of business in 2019. And the product is no longer available in the market.