Tie-Not-Shark-Tank-US-Net-Worth-2023-UpdateTie

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 The company’s website is no longer active, and its social media accounts have been inactive for several years.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–
InvestorNone
FounderWayne 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

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
SharkNone
LocationUSA

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

YearAccomplishment
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

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.

ABOUT KESARA BANDARAGODA
Kesara Bandaragoda is a Sri Lankan-born media entrepreneur currently based in Dubai, with a lifelong passion for storytelling, innovation, and all things screen-worthy. Whether it's a mind-bending sci-fi epic or the latest startup pitch on Shark Tank, Kesara is all in. In fact, he was one of the earliest content creators to cover Shark Tank Australia online and has been tracking its businesses, products, and founders since 2019 — long before it was cool.

Kesara is the visionary CEO behind BrandFactory, a digital media company powering multiple content platforms that reach millions. When he’s not leading a team of creatives, he’s often geeking out over Marvel and DC universes, decoding Spielberg's directorial magic, or revisiting classics like The Shawshank Redemption, Interstellar, and Pirates of the Caribbean (yes, he's a Johnny Depp loyalist).

INDUSTRY FOCUS
Kesara’s writing and content leadership often focus on the intersection of entrepreneurship, entertainment, and emerging digital cultures. He’s particularly passionate about telling stories that celebrate founders, dissect business blueprints from media narratives, and spark curiosity in audiences across the globe.

FAVORITE MEDIA
A sci-fi enthusiast with a taste for high-stakes storytelling, Kesara’s favorite titles range from cerebral time-space odysseys to charismatic pirate adventures. He thrives in content that mixes real-world business insight with the spectacle of entertainment — think Shark Tank meets Black Mirror, with a touch of Marvel heroics.

Similar Posts