The Hype Company Net Worth 2024 Update (Before & After Shark Tank)
The Hype Company’s net worth is $1.5 million as of January 2024. They’re pulling in a whopping $200,000 in annual revenue. The Hype Company, a custom footwear company, was started by Cheng Kue and Marc Herzberger in 2018.
In April 2024, they appeared on season 15 of Shark Tank USA and made a deal with Barbara Corcoran, for $100,000 cash, a $250,000 line of credit for 25% equity. The final valuation was $1 million, down from the founder’s initial estimate of $2.5 million.
The business had significant growth immediately after its appearance on the show. Currently, the company offers a wide range of a collection including NCAA collections, Pixelate Slyder Pro CS, Palms Slyder Pro CS, Memphis Slyder Pro CS, Jungle Slyder Pro CS, and Jazzy Slyder Pro CS. You can place your orders through the company website.
The Hype Company Net Worth
| Net worth | $1.5 million (2024) |
| Annual Sales Revenue | $200,000 (2023) |
| Profits | Not available |
| Lifetime sales | $500,000 (2023) |
| Investor | Barbara Corcoran |
| Investment | $100,000 cash, $250,000 line of credit for 25% equity |
| Founders | Cheng Kue and Marc Herzberger |
| Employees | <10 |
The Hype Company Net Worth Timeline
| Net Worth 2024 | $1.5 million |
| Net worth valuation in 2024 after appearing on Shark Tank | $1 million |
| Net worth valuation in 2024 before appearing on Shark Tank | $2.5 million |
The Hype Company Pitch on Shark Tank
| Product | A custom footwear company |
| Episode | Season 15 Episode 21 |
| Founders | Cheng Kue and Marc Herzberger |
| Asked for | $125,000 for 5% equity |
| Company name | The Hype Company |
| Final deal | $100,000 cash, $250,000 line of credit for 25% equity |
| Shark | Barbara Corcoran |
| Location | Denver, Colorado |
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The Hype Company Founders
Cheng Kue and Marc Herzberger founded The Hype Company in 2018. Cheng is a graduate of the Georgia Institute of Technology holding a degree in Industrial and Product Design. Marc the co-founder is a graduate of Colorado University and he has previous work experience in the Logistics and Supply Management sectors. The Hype Company’s founders Cheng Kue and Marc Herzberger’s net worth is unknown as of 2024. However, based on the Shark Tank deal, the duo has 75% of ownership of the business. Therefore, they should have an approximate net worth of $750,000.
Key accomplishments
| Year | Accomplishment |
| 2024 | The company appeared on Shark Tank USA and secured a deal. The company has an NCAA series for over 15 Universities in the USA. |
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 The Hype Company and its continued success.
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