Tie Not, a water balloon filler and tying tool, was started by Wayne Sikorcin and Scott Smith in 2014. Tie Not net worth was $1.25 million at the time of their pitch in 2014 based on the $125,000 offer for an 10% of equity of the company. 

They appeared on season 5 of Shark Tank USA  in 2014. But the Sharks were not interested in investing in Tie Not. The market for a device that helps people tie knots in water balloons is relatively small. 

Tie Not is no longer in business. The company’s website is no longer active, and its social media accounts have been inactive for several years. 

Tie Not Net Worth

Net worth$1.25 million (2014)
Annual Sales Revenue
Lifetime sales
FounderWayne Sikorcin and Scott Smith

Tie Not Net Worth Timeline

Net Worth 2023
Net Worth 2022
Net worth valuation 2014 after appearing on Shark Tank  $1.25 million
Net worth valuation 2014 before appearing on Shark Tank  $1.25 million

Tie Not Pitch on Shark Tank

ProductWater balloon filler and tying tool
EpisodeSeason 05 Episode 29
Founders Wayne Sikorcin and Scott Smith
Asked for$125,000 for 10% Equity
Company nameTie Not
Final dealNone

Don’t miss these product from Season 05

Tie Not Founders

Wayne Sikorcin and Scott SmithWayne Sikorcin and Scott Smith found Tie Not in 2014. The net worth of Tie Not’s founders, Wayne Sikorcin and Scott Smith, is unknown as of 2023.

Key accomplishments

2014Appeared on Shark Tank season 5
2015Introduced a new design for the Tie Not
2016Featured in numerous publications, including The Wall Street Journal, The New York Times, and Forbes


Some companies that appear on the show have not achieved great success, and the Tie Not was one of them. Sometimes businesses don’t succeed because of many reasons. Sometimes, the deal falls through after the founders say yes on camera. Or, as you’ll see, sometimes things happen to the founders themselves, and they choose to abandon the business. Anything is possible. However,  Tie Not went out of business in 2016. And the product is no longer available in the market.

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