Most individuals have had back pain at some point in their lives, and managing it may be very stressful. Back pain can interfere with day-to-day activities and be caused by heavy lifting, prolonged desk use, bad posture, or other factors.
Tate Stock created Chirp, an easy-to-use instrument that effectively relieves back discomfort, in response to this very issue. Tate came up with the concept of creating a wheeled roller that would help target the muscles surrounding the spine, relieving stress and helping those who most needed it.
Tate Stock brought Chirp to the Sharks in Shark Tank in an attempt to secure the funding he required to expand his company. In his pitch, he requested $900,000 for 2% equity. Did the entrepreneur get a deal on Shark Tank? Check out our Chirp update to find out!
chirp Net Worth Shark Tank Update 2025
Tate Stock asked for a $900,000 investment in exchange for 2% equity in his company. This meant he valued his company at $45 million. He made a deal with Lori for $900,000 in exchange for 2.5% of his company, with the condition that the funds be repaid in 18 months. This new deal valued his company at $36 million. After the show aired, Chirp saw a big increase in website traffic, sales, and social media exposure. With an estimated 10% yearly growth rate (typical business growth), the current net worth of Chirp is about $52.63 million.
Chirp took off after Tate’s appearance on Shark Tank, and the company is still going strong in 2024. They have managed to grow and satisfy more customer needs by expanding their product line, which now includes muscle rollers, posture correctors, and more Chirp accessories.
Their products have reached over a million satisfied customers, and they have made over $5 million in sales annually. Chirp has continued to be present online, with its products easily accessible to customers through both the website and Amazon.
Yes, Chirp succeeded in landing a contract on Shark Tank. Tate Stock ultimately decided to accept Lori Greiner’s offer after receiving three offers from the Sharks. Under the terms of the agreement, Lori invested $900,000 for a 2.5% share and was required to repay the funds in 18 months.
Tate was able to obtain the capital required for his expanding purchase orders through this transaction, and Chirp’s ongoing success is probably due in part to Lori’s proficiency in product distribution and marketing.
| 1# $900k, to be paid back by the end of next year, for a 2% stake 2# $900k for a 2.5% stake, with $1M to be paid back in two installments of $500k | Offer & Demand | Counteroffer | Accepted? |
| Lori Greiner | 1# $900k, to be paid back by the end or next year, for a 2% stake 2# $900k for a 2.5% stake, with $1M to be paid back in two installments of $500k | $900k, to be paid back in 18 months, for a 2% stake | Yes |
| Robert Herjavec | $900k for a 3% stake + a royalty of $1.50 per unit until $1.2M is paid | N/A | No |
| Kevin O’Leary | $900k for a 2.5% stake + a royalty of $3 per unit until $2.7M is paid | N/A | No |
| Daymond John | Out | N/A | N/A |
| Mark Cuban | Out | N/A | N/A |
Chirp Shark Tank pitch
Tate Stock founded Chirp as a solution to his own back discomfort. He was motivated, like many entrepreneurs, to discover a way to address a widespread problem that millions of people face. Although there were already some back pain relief solutions on the market, Tate believed that most of them didn’t deal with the issue in a way that offered effective, focused relief.
Tate, who has a knack for problem-solving and a history in sales, had an idea for a basic wheeled roller that could be used to extend the spine and loosen up the surrounding muscles. Tate had difficulties in the beginning, just like any new company does, particularly with production and huge order fulfillment. He went to Shark Tank in order to receive assistance in scaling their business.
Tate made a simple pitch on Shark Tank. He asked Robert Herjavec to try the Chirp wheel in order to see how it operates. Evidently impressed, Robert remarked that it felt wonderful on his back. Tate clarified that by exerting pressure on the muscles surrounding the spine, the Chirp wheel helps to relieve pain and release tension.
He arrived and requested $900,000 for 2% stock, stating that he needed the funds to expand his company and finance significant purchase orders. The product’s simplicity and efficacy instantly won over the Sharks, although they expressed doubts about its $45 million valuation.
Robert was given the opportunity to test the product out for himself, and he reported that it felt fantastic on his back.
Kevin questioned why his business was worth 45 million dollars. The founders revealed that they did $12 million this year with a $4 million profit.
Daymond John thinks that the entrepreneurs are here just for a promotion. Daymond thought Tate might be utilizing the show more for exposure than for investment, which made him dubious of the high valuation.
Lori Greiner asked why you would need the help of a shark. Tate indicated that while sales were excellent, he needed help fulfilling huge buy orders and developing his firm.
Lori Greiner expressed interest in the concept and made an offer of $900,000 for 2.5% equity, subject to an 18-month repayment period. She saw promise for mass-market appeal and was impressed by the product’s efficacy.
Kevin O’Leary also made an offer of 900k for a 2.5% stake plus a royalty of $3 per unit until $2.7M is paid. But Tate wasn’t as fond of it because it contained a $3 royalty.
Robert Herjavec offered $900k for a 3% stake and a royalty of $1.50 per unit until $1.2M is paid.
Daymond John and Mark Cuban decided against making an offer because they thought Tate was mostly there for promotion and because they thought the valuation was too high.
Tate ultimately agreed to Lori’s offer.
Product Availability
The product comes in a variety of sizes, and Chirp has since added more pain-relieving accessories to its lineup, such as muscle rollers and posture correctors. Chirp items are easily accessible to consumers by means of the company’s website Chirp or Amazon, thereby offering an inventive remedy for back pain. The prices are fair, and Shark Tank watchers frequently qualify for special offers.
Conclusion
Chirp had a prosperous time on Shark Tank. Tate Stock was able to close a contract with Lori Greiner, which helped him grow his company, in spite of the Sharks’ initial reservations. Chirp has over a million happy consumers and is expanding its product portfolio as of right now.
People all throughout the world have responded favorably to the company’s emphasis on treating back pain, and they don’t appear to be slowing down. Tate’s modest concept has evolved into a huge success story, as Chirp’s growth and innovation demonstrate.
Hey, I’m Amna Habib an undergraduate student of Bachelors in Business Administration. Shark Tank is one of my favorite TV shows of all time. The show provides a fascinating insight into the world of entrepreneurship by presenting creative solutions to common problems, which strongly connects to my academic interests. I’m interested in learning more about the strategic thinking and creativity that lead these companies as each pitch provides insightful information. I’ve found that watching Shark Tank has inspired my enthusiasm for business and entrepreneurship and has been a very enlightening and motivating experience. Apart from business and writing, I love food, shopping, and hanging out with friends and family. Read more About me.
