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Throx Net Worth 2023 Update (Before & After Shark Tank)

"Throx" Net Worth 2023 Update

Throx is a pair of socks with an extra one. This company was started by Edwin Heaven in 2003. As of October 2023, Throx net worth is $2 million and they’re pulling in a whopping $1 million in annual revenue. 

In October 2009 they appeared on Season 1 of Shark Tank USAseeking $50,000 for 25% of equity valuing the company at $200,000. But the Sharks were not interested in investing in Throx. 

The Shark Tank pitch didn’t bring any luck to Throx. Nevertheless, the company has thrived over the past years. As of October 2023, Throx is still actively running operations. Products are available on the company website, Amazon, and selected retail stores.

Throx Net Worth

Net worth$2 million (2023)
Annual Sales Revenue$1 million (2023)
Profits
Lifetime sales
Investor
FounderEdwin Heaven
Employees<25

Throx Net Worth Timeline

Net Worth 2023$2 million
Net Worth 2022$2 million 
Net Worth 2021$1 million 
Net Worth 2020
Net worth valuation in 2009 before appearing on Shark Tank  $200,000 (business valuation)

Throx Pitch on Shark Tank

Company nameThrox
ProductPair of socks with an extra one
EpisodeSeason 01 Episode 08
FounderEdwin Heaven
Asked for$50,000 for 25% equity
Final dealNo deal
Shark None
LocationSan Francisco, California

Don’t miss these products from Season 1

Throx Founder

Edwin Heaven founded Throx in 2009. Edwin is a professional screenplay writer with years of experience in writing and directing. His entrepreneurial journey was an unexpected one. He found it exhausting to find socks when he lost one, so he came up with Throx. His random idea and the work put into it created a unique and successful business. Throx’s founder, Edwin Heaven, has a net worth of 2 Million USD as of 2023.

Key accomplishments

YearAccomplishment
2007The company won a Stevie Award for Best New Product/ Service
2009The company got featured on Shark Tank season 1

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 Throx and its continued success.

What do you think?

Written by GAG Team

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