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 | – |
| Investor | Mark Cuban |
| Founder | Tim Talley |
| 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
| Company name | U-Lace |
| Product | Custom color, no-tie shoelaces |
| Episode | Season 05 Episode 19 |
| Founder | Tim Talley |
| Asked for | $200,000 in exchange for 25% |
| Final deal | $200,000 in exchange for 35% |
| Shark | Mark Cuban |
| Location | Quebec, 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
| Year | Accomplishment |
| 2023 | U-Laces become the most affordable shoe laces on the market |
| 2016 | Appeared 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.