Window screens were a concern for Joe Altieri. They break and bend easily. People grow weary of changing them out. Joe sought to find a solution. Flexscreen was his creation. One unique kind of window screen is the flexscreen. It can bend without cracking. Popping in and out of windows is made simple by this. Joe made an appearance on Season 11 of Shark Tank.
He requested $800,000 from the sharks in exchange for 6% of his business. Joe showed Flexscreen’s operation to the sharks. The product was favored by the sharks. They recognized the possibilities. Numerous sharks made offers. Will the entrepreneur get a deal on Shark Tank? Check out the FlexScreen update to find out!
FlexScreen Net Worth Shark Tank Update 2025
Joe Altieri asked for an $800,000 investment in exchange for 6% equity in his company. This meant he valued his company at $13.3 million. He made a deal with Lori Greiner for $400,000 in cash and a $400,000 line of credit in exchange for 50% equity in a new retail venture focused on Flexscreen. This new deal valued his retail-focused company venture at $800,000. After the show aired, Flexscreen 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 Flexscreen is about $21.4 million.
Following its appearance on Shark Tank, Flexscreen’s growth continues. As of 2024, the corporation is still operating. Flexscreen has performed wonderfully. Their yearly income has grown to more than $30 million. Joe and Lori collaborated to grow the business. They started granting other businesses licenses to use Flexscreen products. Flexscreen was able to contact more clients as a result.
The business began licensing its goods in July 2022. These days, Flexscreen is widely available. Large retailers like Home Depot sell it. Flexscreen has gained popularity due to the fact that it addresses a genuine issue. The product is loved by many customers. They value Flexscreen’s resistance to bending and breaking. Flexscreen has the potential to become the new window screen standard.
Flexscreen did indeed land a Shark Tank deal. When Joe Altieri made his business pitch he requested $800,000 for 6% ownership. A number of sharks are offered. Barbara Corcoran offered 50% equity in exchange for $400,000 in cash and a $400,000 line of credit. Kevin O’Leary proposed a loan of $800,000 with 6% equity and 9% interest.
A last offer of $400,000 in cash and a $400,000 line of credit for 50% of a new retail business was offered by Lori Greiner. Joe chose to accept Lori’s invitation. He believed her retail sector experience would be beneficial to the expansion of his business. Flexscreen was able to expand its client base and boost revenues thanks to this agreement.
| Shark(s) name | Offer & Demand | Counteroffer | Accepted? |
| Robert Herjavec | Out | N/A | N/A |
| Lori Greiner | $400,000 in cash and $400,000 as a 36-month loan with 6% interest for 10% equity | $400,000 in cash and a $400,000 line of credit for 50% of new retail (same terms as Barbara’s, targeting retail specifically) | Yes |
| Kevin O’Leary | #1 $800,000 for 20% equity contingent on a deal with a big window manufacturer | N/A | |
| Barbara Corcoran | $400,000 in cash and a $400,000 line of credit for 50% equity | N/A | N/A |
| Mark Cuban | Out | N/A | N/A |
FlexScreen Shark Tank pitch
Joe Altieri has been in the window industry for a long time. He spent 20 years in the field. He observed numerous issues with common window screens. Ordinary screens were frequently stiff and fragile. Joe’s goal was to create an improved screen. He started doing experiments in his garage. Joe desired a screen that was unbreakable and non-binding.
The flexscreen was made flexible by him. It makes use of a unique bending frame. This facilitates popping in and out. To safeguard his creation, Joe obtained a patent for Flexscreen. Joe encountered difficulties early on. He needed to convince window producers to employ his invention. He also needed to figure out how to do it cheaply. These challenges made it hard for him at first. But he never gave up. Joe knew he had a great product.
He was thrilled to see Joe Altieri on Shark Tank. He intended to demonstrate Flexscreen’s superiority to the sharks. He began his pitch by introducing himself. Joe described the drawbacks of conventional window screens. They bend and break easily, he added. He demonstrated Flexscreen’s operation to the sharks. Joe gave an example of how it bends without breaking. The sharks were impressed.
They were able to observe the product’s advantages. Joe gave some numbers. He informed the sharks that his sales for the previous year totaled $5.1 million. But he only generated a $40,000 profit. The sharks wanted to know why his profits were so low. Joe clarified that each screen only brought in $1.50 for him. The window producers were unwilling to pay more. This upset some of the sharks. They wondered if Flexscreen could be a successful business.
The sharks had a lot of questions. They were curious as to how Joe could turn a profit. Robert Herjavec feared window makers would not charge more for Flexscreen. That would impact sales he believed. He made the decision to leave school. It caught Barbara Corcoran’s attention. Flexscreen appealed to her. She believed it might work. She offered. Her goal was to start a new company. Only twelve traditional window sizes would be produced by this company.
Kevin O’Leary thought of something else. He had one major licensing offer in mind with a major window manufacturer. This might be a better choice for Flexscreen, he believed. The sharks talked about the benefits and drawbacks. They discussed the market and pricing. Flexscreen’s place in the existing market has to be clarified by Joe. He wanted to give the sharks confidence that his product would be successful.
The sharks were split up. Some thought Flexscreen had a lot of potential. Others weren’t sure. In his new offer, Kevin O’Leary offered $800,000 as a loan with 6% equity and 9% interest. His desire was for a sizable portion but with a guarantee. Barbara Corcoran attempted to persuade Joe to accept her offer. She believed her brother could assist with the company.
Lori Greiner also wanted to participate. She thought she could sell Flexscreen to customers directly. Joe ultimately made a decision during a bidding war. Lori offered him 50% ownership in a new retail business in exchange for $400,000 in cash and a $400,000 line of credit. Joe was pleased by this offer since he trusted Lori’s background. He believed she would support Flexscreen’s expansion. He was thrilled about the opportunity and accepted her offer.
What Went Wrong With FlexScreen On Shark Tank?
Joe was able to close a deal but not all of the sharks were thrilled. The business model worried some people. Robert Herjavec believed there was a little window screen market. He was concerned that producers wouldn’t want to charge more for Flexscreen. Kevin O’Leary desired a more secure agreement.
He concentrated on licensing since he saw it as a means of growth. But Joe wanted to maintain his company. He was cautious about giving away too much equity. Joe had to handle these conversations with caution. He had to prove to the sharks that Flexscreen could make it in spite of their doubts.
Product Availability
The product Flexscreen is distinct. It resolves a typical issue. Traditional window screens are frequently rigid and fragile. The flexscreen bends but doesn’t shatter. It is simple to install and remove because of its adaptability. Customers adore Flexscreen’s window-fitting design. Joe created it specifically for every window.
Flexscreen differs from conventional window screens in this regard. Flexscreen is available to customers in numerous stores. Home Depot and numerous other stores carry it. It is also available for purchase on a number of websites. Flexscreen is reasonably priced. Customers should budget between $30 to $60, depending on the type and size. Joe and his group continually strive to make their product better and expand their customer base.
Conclusion
Flexscreen’s experience on Shark Tank was amazing. Joe Altieri came up with a brilliant solution to a typical issue. He created a bending window screen that doesn’t shatter. He struck a deal with Lori Greiner for a line of credit of $400,000 and $400,000 in cash. Joe was thrilled to work with Lori as a partner. Flexscreen has expanded greatly since then.
The company’s yearly revenue currently exceeds $30 million. In 2024 Flexscreen remained an operating company. It is now a common option for homeowners. The product can be found online and at a lot of retailers. Customers value its versatility and longevity. Flexscreen is growing and still innovating. Stay tuned for more information on this incredible business.
Hi, I’m Laiba Khurram, a BBA student specializing in Marketing at FAST NUCES ISB. My background includes experience in finance, marketing, and event coordination. My skills include teamwork, time management, and Microsoft tools. Watching Shark Tank has always inspired me, as I admire the innovative pitches and entrepreneurial spirit showcased on the show. This passion drives my approach to finding creative solutions and understanding market dynamics. Read more About me.
