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U-Lace Net Worth 2023 Update (Before & After Shark Tank)

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.

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

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.

What do you think?

Written by GAG Team

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