The Original Stretchlace, Shoelaces that switch your shoes from laced to slip-ons, was started by Jamie Montz and David Montz in 2015. As of September 2023, The Original Stretchlace net worth is $1 million. And they’re pulling in a whopping $165,000 in annual revenue.
In May 2021, they appeared on season 12 of Shark Tank USA. And made a deal with Robert Herjavec, for $100,000 for 30% of equity. The final valuation was $333,3333, down from the founder’s initial estimate of $666,666.
The Original Stretchlace is still in business in 2023. The company’s website is active and it is selling its products on Amazon, Walmart, and Target. If you are also interested in buying their products, visit their official website.
The Original Stretchlace Net Worth Timeline
|Net Worth 2023||$1 million|
|Net Worth 2022||$1 million|
|Net worth valuation 2021 after appearing on Shark Tank||$333,333|
|Net worth valuation 2021 before appearing on Shark Tank||$666,666|
The Original Stretchlace Pitch on Shark Tank
|Company name||The Original Stretchlace|
|Product||Shoelaces that switch your shoes from laced to slip-ons|
|Episode||Season 12 Episode 24|
|Asked for||$100,000 for 15% equity|
|Final deal||$100,000 for 30% equity|
|Shark / Sharks||Robert Herjavec|
|Location||Boise, Idaho, US|
Don’t miss these product from Season 12
The Original Stretchlace Founders
The Original Stretchlace was founded by Jamie Montz and David Montz in 2015. Jamie and David Montz are passionate about making their product accessible to everyone. They offer a variety of shoelace colors and styles to choose from, and they also offer a discount program for people with disabilities. The Original Stretch Laces founders, Jamie Montz and David Montz, have a net worth of $900,000 as of 2023.
|2021||Appeared on Shark Tank season 12 and Robert Herjavec invested $100,000 for 30% equity|
|2022||The Original Stretchlace expands its product line to include new shoelace colors and styles.|
|2023||The Original Stretchlace continues to grow its customer base and expand its reach into new markets.|
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 Original Stretchlace and its continued success.