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 | – |
| Founder | Edwin 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 name | Throx |
| Product | Pair of socks with an extra one |
| Episode | Season 01 Episode 08 |
| Founder | Edwin Heaven |
| Asked for | $50,000 for 25% equity |
| Final deal | No deal |
| Shark | None |
| Location | San Francisco, California |
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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
| Year | Accomplishment |
| 2007 | The company won a Stevie Award for Best New Product/ Service |
| 2009 | The 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.
