Lisa Binderow founded Nice Pipes Apparel to address an issue. She enjoyed yoga but despised the chill while jogging. Sweaters felt scratchy and uneasy. She sought a superior alternative. She envisioned creating leg and arm warmers using the same soft fabric as yoga pants. They would be cozy, flexible and fashionable. Lisa showed up on Shark Tank seeking assistance.
She sought $100,000 in exchange for 10% ownership of her company. Will the entrepreneur get a deal on Shark Tank? Check out the NicePipes Apparel update!
NicePipes Apparel Net Worth Shark Tank Update 2025
Lisa Binderow asked for a $100k investment in exchange for 10% equity in her company. This meant she valued Nice Pipes Apparel at $1 million. She did not make a deal with any of the Sharks. After the show aired, Nice Pipes Apparel 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 Nice Pipes Apparel is about $1.61 million.
What Became of Nice Pipes Apparel After Shark Tank? Nice Pipes Apparel experienced some success following the episode. It grew to include 40 retail outlets. The company’s social media was engaged for a period. Customers were able to locate the products online and at certain retail locations. However, by 2018, the company had ceased online postings.
Items became difficult to locate. In November 2018 the company discreetly ceased operations. Lisa concentrated on her family and trained to be a lactation consultant. She documented her experience on Instagram. In an unexpected development, Nice Pipes Apparel made a comeback in the market. The total revenue of the company to date is $4.2 million.
No Nice Pipes Apparel did not get a deal on Shark Tank. Lisa asked for $100,000 for 10% equity. The sharks liked her idea but had concerns. They thought her sales were too low. They also thought her business was overvalued. Barbara Corcoran made an offer. She wanted 40% equity for $100,000. Lisa countered with 25%, but Barbara did not agree. Lisa declined the offer and left without a deal.
| Shark(s) Name | Offer & Demand | Counter Offer | Accepted? |
| Lori Greiner | Out | N/A | N/A |
| Barbara Corcoran | $100,000 for 40% equity | N/A | N/A |
| Kevin O’Leary | Out | N/A | N/A |
| Mark Cuban | Out | N/A | N/A |
| Robert Herjavec | Out | N/A | N/A |
NicePipes Apparel Shark Tank pitch
Lisa Binderow enjoyed yoga and jogging. She frequently experienced chills while exercising. Standard sweaters did not assist. They felt uncomfortable and wouldn’t remain in position. Lisa was looking for a more effective solution. She founded Nice Pipes Apparel to address her issue. The warmers were gentle and flexible. They utilized the same fabric as yoga pants. Lisa aimed to make exercise more enjoyable.
In the initial phases, Lisa encountered numerous difficulties. She invested $300,000 of her funds to launch the business. This comprised $65,000 allocated for inventory. She put in great effort to create and manufacture her products. Promoting the product was an additional hurdle. Lisa needed to promote her brand. She collaborated with yoga studios and fitness centers to market her products.
Despite her efforts, sales remained low. However, Lisa had faith in her concept and persisted.
Lisa stepped into the Shark Tank with assurance. She displayed her leg and arm warmers to the sharks. She described the process of their creation using Supplex material. This material was smooth, flexible, and long-lasting. It additionally provided UV shielding and moisture management. Lisa outlined the advantages of her product. It was ideal for those who love fitness. The warmers remained positioned and offered soft compression.
They were fashionable and available in various colors. Lisa requested $100,000 in exchange for 10% equity. She disclosed her sales figures. Within a year and a half, the firm generated $80,000. Her items were available for purchase online and in 14 different fitness centers. The sharks paid close attention. However, they expressed worries. Kevin O’Leary believed her product could be easily replicated.
Mark Cuban expressed concern regarding the declining sales. Barbara Corcoran appreciated the concept but desired a greater share of equity. Lisa remained steadfast in her assessment. Ultimately, the sharks chose not to invest.
The sharks posed numerous inquiries to Lisa. They sought to gain a clearer insight into her product. Kevin O’Leary inquired about what made her warmers special. He believed rivals might replicate her concept. Lisa stated that her warmers were crafted from a unique material. They provided advantages such as moisture-wicking and UV shielding. Lori Greiner inquired about the sales figures.
Lisa revealed that she earned $80,000 over 18 months. She marketed her products online and in 14 fitness centers. Mark Cuban inquired about her expenses. Lisa mentioned that the cost to produce each warmer was $7.50. They were purchased for $42. Barbara Corcoran inquired about her investment. Lisa disclosed that she utilized $300,000 from her funds. This consisted of $65,000 worth of inventory.
The sharks expressed worry about her business strategy. They believed her assessment was excessive. Lisa appraised her business at $1 million. The sharks believed her sales were insufficient to back this up. Despite the inquiries, Lisa maintained her confidence in her product.
The sharks reacted differently to Lisa’s proposal. Kevin O’Leary believed her product lacked uniqueness. He mentioned that rivals could readily replicate it. He chose not to put in money. Mark Cuban was concerned about the poor sales. He believed the company was not expanding quickly enough. He also stepped back. Lori Greiner appreciated the product. However, she did not view it as a solid investment.
She opted against investing. Barbara Corcoran appreciated Lisa’s concept. She proposed a $100,000 investment for a 40% stake. Barbara had faith in Lisa’s vision but sought greater control. Lisa responded with a 25% share. Barbara disagreed. The talks concluded without reaching an agreement. Lisa exited the tank without financial support but stayed resolute.
What Went Wrong With NicePipes Apparel On Shark Tank?
The primary problem was the poor sales. In a year and a half Nice Pipes Apparel generated merely $80,000. The sharks believed this was insufficient for an expanding business. They believed that Lisa’s valuation was excessive. She assessed her business at $1 million. The sharks were not in agreement with this figure. Kevin O’Leary believed the product was simple to replicate.
Mark Cuban is concerned about the absence of progress. Lori Greiner did not perceive a robust market for the product. Barbara Corcoran proposed a deal but requested 40% equity. Lisa was reluctant to relinquish so much control. These elements influenced the sharks’ choice to refrain from investing.
Product Availability
Nice Pipes Apparel provides warmers for arms and legs. They are constructed using Supplex fabric. This material is smooth, flexible, and long-lasting. It additionally includes moisture-wicking properties and UV protection. The warmers are ideal for fitness enthusiasts. They remain stationary and offer soft pressure. They are available in various colors and designs. Customers have the option to purchase them online.
The company’s website serves as the primary shopping destination. Prices begin at $42. Nice Pipes Apparel boasts a robust presence online. The warmers can also be found in certain fitness studios. The brand emphasizes comfort and quality. Customers appreciate the distinctive qualities of the product. The warmers are sturdy and fashionable. They are an excellent enhancement to any exercise regimen.
Conclusion
Nice Pipes Apparel had a unique idea. Lisa Binderow created a product that solved a real problem. The journey on Shark Tank was challenging. The sharks liked the idea but did not invest. Lisa faced many obstacles but stayed determined. The company grew after the show and expanded into 40 stores. It later closed but made a comeback. Today Nice Pipes Apparel is back in business. It has earned $4.2 million in lifetime revenue.
Hey there, I’m Fatima Muhammad, an International Relations student, with a focus on the strategic dynamics of global relations, One of my favorite shows is Shark Tank. I love it because it showcases the creativity, determination, and strategic thinking of entrepreneurs, which I find inspiring. The show also teaches valuable lessons about innovation, business dynamics, and the importance of perseverance in the face of challenges. Read more About me.
