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 Net Worth
|Net worth||$5 Million (2023)|
|Annual Sales Revenue||$2 million (2022)|
|Employees||25 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|
U-Lace Pitch on Shark Tank
|Product||Custom color, no-tie shoelaces|
|Episode||Season 05 Episode 19|
|Asked for||$200,000 in exchange for 25%|
|Final deal||$200,000 in exchange for 35%|
Don’t miss these products from Season 5
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.
|2023||U-Laces become the most affordable shoe laces on the market|
|2016||Appeared on Shark Tank|
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.