Many people have difficulties finding the right clothes. It can be difficult for amputees, wheelchair users, and those with sensory processing problems to find clothing that fits and feels comfortable. Erica Cole founded No Limbits for this reason. Her goal was to design apparel that is functional for those with impairments.
Being an amputee herself Erica has personal experience with the challenges of finding appropriate clothing. When she made an appearance on Shark Tank Season 13 she demanded $100,000 in exchange for 6% of the business Grede. Will the entrepreneur get a deal on Shark Tank? Check out our No Limbits Update to find out!
no limbits net worth 2024
Erica Cole asked for a $100k investment in exchange for 6% equity in her company. This meant she valued her company at $1.67 million. She made a deal with Emma Grede and Mark Cuban for $100k in exchange for 10% of her company. This new deal valued her company at $1 million.
After the show aired, No Limbits 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 No Limbits in 2024 is about $1.46 million.
No Limbits Shark Tank Update
In terms of a No Limbits update, ever since Erica made her Shark Tank debut, her business has flourished and had a positive impact. No Limbits is thriving and continues to do business. The business has obtained startup capital totaling more than $1.7 million. This money has allowed them to reach more individuals and increase the range of products they sell.
To further demonstrate their dedication to adaptive fashion they even walked the runway during New York Fashion Week. No Limbits is well-known in 2024 for its inclusive apparel collections. They provide a range of goods to meet various demands. The organization is still working to increase the visibility and acceptance of those with disabilities. Their story is motivational and demonstrates the power of adaptable apparel to transform lives.
On Shark Tank, Limbits did, in fact, secure a deal. In exchange for 6% of the company’s shares, Erica Cole claimed $100,000. Following a compelling presentation to the sharks, Emma Grede and Mark Cuban extended an offer of $100,000 in exchange for a 10% stock stake.
Erica won the negotiation since she was able to get the deal lowered to 10%. Through this arrangement, Erica was able to expand her business and get support. The sharks desired to accompany her on her adventure after realizing the potential in her vision.
| Shark(s) name | Offer & Demand | Counteroffer | Accepted? |
| Emma Grede (Guest Shark) | $100,000 for 12% equity | 100,000 for 10% equity | yes |
| Lori Greiner | out | N/A | N/A |
| Kevin O’Leary | Out | N/A | N/A |
| Robert Herjavec | Out | N/A | N/A |
| Mark Cuban | $100,000 for 12% equity | 100,000 for 10% equity | yes |
No Limbits Shark Tank pitch
In our No Limbits update research, following an accident that cost her her leg, Erica Cole founded No Limbits. When attempting to dress with the big prosthetic she had numerous difficulties. Finding clothes that fit well and look beautiful was difficult for her. This inspired her to design apparel that would boost the self-esteem and comfort of those with impairments. Erica was inspired by her personal encounters.
She aspired to transform the fashion industry. Product development was not easy in the beginning. Finding the ideal materials and designs was a hurdle for Erica. She wanted to make sure her wardrobe would be fashionable as well as practical. She persisted in the face of these obstacles. Erica was aware that her items were needed.
During her Shark Tank pitch, Erica described how No Limbits assists those with disabilities. She gave an explanation of how her clothes are made to be more accessible as well as her personal narrative.
Erica described her business plan highlighting how her clothing may help people in need of them on a regular basis. She requested $100,000 in order to expand her business. The sharks were fascinated with her pitch and the problem she was trying to tackle. They could see the potential influence of her items.
Throughout Erica’s pitch, the sharks had questions concerning the product. They were curious as to what made her outfit special. Robert Herjavec enquired about the zipper that is awaiting a patent. According to Erica people with impairments can dress more easily because the zip is hidden. Kevin O’Leary asked Erica how she was promoting her goods.
Erica disclosed that her Facebook client acquisition cost was $14. The sharks were impressed by this. Emma Grede was especially curious about Erica’s planned outreach to consumers and the market possibilities. The conversation between the sharks and businesspeople demonstrated No Limbits’ potential.
The sharks gave mostly good responses. Emma Grede and Mark Cuban expressed a strong passion for the product and its purpose. They desired to be a member of No Limbits after realizing the market possibilities. The bargaining process went smoothly and quickly.
In the beginning, Erica asked for $100,000 with 6% ownership. Following some debate, Emma and Mark made an offer of $100,000 with 12% equity. 10% was Erica’s counteroffer, which they accepted. For Erica and her business, this deal was a major victory.
What Went Wrong With The No Limbits On Shark Tank?
Erica’s pitch impressed every shark, but not all of them extended an offer. Lori Greiner Robert Herjavec and Kevin O’Leary opted not to invest. They believed that the product needed more to stand out than its soon-to-be-patented zipper.
Concerns were also raised regarding the market’s size and Erica’s ability to reach a sufficient number of clients. Their justifications for not making an investment demonstrated that despite the idea’s strength there remained uncertainties in the business plan.
Product Availability
A selection of flexible clothing with an emphasis on unique characteristics is provided by No Limbits. Among their offerings are wheelchair-accessible apparel and trousers for amputees and people with sensory processing issues. They also feature comfortable, soft clothing that is sensory-friendly.
No Limbits has the apparel for sale on their website. The website features a variety of product lines such as Limited Dexterity and Wheelchair Unlimbited Sensory Friendly. Additionally, fans can purchase branded shirts and hats in their merchandise department. The prices vary according to the products but they are meant to be within everyone’s reach.
Conclusion
From its Shark Tank debut, No Limbits has had an interesting ride. The idea of Erica Cole to design apparel that is adaptive has acquired acceptance and backing. The business is still expanding and improving the lives of those who are disabled.
They are set up for more success with Mark Cuban and Emma Grede’s assistance. We’re interested in watching No Limbits develop and grow in the future. Keep checking back for updates on their development and upcoming products.
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.
