The Hype Company Net Worth 2024 Update (Before & After Shark Tank)

The Hype Company Net Worth 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)
ProfitsNot available 
Lifetime sales$500,000 (2023)
InvestorBarbara Corcoran
Investment$100,000 cash, $250,000 line of credit for 25% equity
FoundersCheng 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

ProductA custom footwear company
EpisodeSeason 15 Episode 21
Founders Cheng Kue and Marc Herzberger 
Asked for$125,000 for 5% equity
Company nameThe Hype Company
Final deal$100,000 cash, $250,000 line of credit for 25% equity
SharkBarbara Corcoran
LocationDenver, Colorado 

Don’t miss these products from Season 15

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

YearAccomplishment
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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