Shark-Tank-US-Net-worth-Update-s05e19ULace

U-Lace, a Custom color, no-tie shoelaces, was started by Tim Talley in 2011. As of October 2023, U-Lace net worth is $5 Million and they’re pulling in a whopping $2 million. in annual revenue.

On March 7, 2014, they appeared on Season 5 of Shark Tank USA and made a deal with Mark Cuban for $200,000 in exchange for 35%. The final valuation was $571,428, down from the founder’s initial estimate of $800,000.

U-Lace is still in business. Their products are available on the official website and Amazon.

RELATED: MARK CUBAN REVEALS HIS FAVOURITE SHARK

U-Lace Net Worth

Net worth$5 Million (2023)
Annual Sales Revenue$2 million (2022)
Profits–
Lifetime sales–
InvestorMark Cuban
FounderTim Talley
Employees25 to 50

U-Lace Net Worth Timeline

Net Worth 2023$5 Million
Net Worth 2022$4 Million
Net Worth 2021$3.5 Million
Net Worth 2020$3 Million
Net worth valuation in 2014 after appearing on Shark Tank  $571,428
Net worth valuation in 2014 before appearing on Shark Tank  $800,000

RELATED: MARK CUBAN’S MOST SUCCESSFUL SHARK TANK DEALS

U-Lace Pitch on Shark Tank

Company nameU-Lace
ProductCustom color, no-tie shoelaces
EpisodeSeason 05 Episode 19
Founder Tim Talley
Asked for$200,000 in exchange for 25%
Final deal$200,000 in exchange for 35%
SharkMark Cuban
LocationQuebec, Canada

Don’t miss these products from Season 5

U-Lace Founder

U-Lace was founded by Tim Talley in 2011. Tim Talley was a shoe lover. He wants his shoes to look different than others so that’s why he started a business. U-Lace’s founder, Tim Talley, has a net worth of USD 5 Million as of 2023.

Key accomplishments

YearAccomplishment
2023U-Laces become the most affordable shoe laces on the market
2016Appeared on Shark Tank

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 U-Lace and its continued success.

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.

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