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 The company’s website is no longer active, and its social media accounts have been inactive for several years.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 | – |
| Profits | – |
| Lifetime sales | – |
| Investor | None |
| Founder | Wayne Sikorcin and Scott Smith |
| Employees | – |
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
| Product | Water balloon filler and tying tool |
| Episode | Season 05 Episode 29 |
| Founders | Wayne Sikorcin and Scott Smith |
| Asked for | $125,000 for 10% Equity |
| Company name | Tie Not |
| Final deal | None |
| Shark | None |
| Location | USA |
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
| Year | Accomplishment |
| 2014 | Appeared on Shark Tank season 5 |
| 2015 | Introduced a new design for the Tie Not |
| 2016 | Featured in numerous publications, including The Wall Street Journal, The New York Times, and Forbes |
Conclusion
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.