Titin Shark Tank Update – Titin Net Worth 2024

The creative concept was created by mechanical engineer Patrick Whaley. During his time at Georgia Tech, he designed the unique Titin workout shirt. There was nothing average about these workout clothes. The shirt was heavier because of the gel inside of it.

According to Patrick, the gel has the same density as muscle, therefore wearing it could make one feel stronger and lighter. In addition, he asserted that it may make people stronger and faster following an exercise. During Season 6, Patrick presented his proposal to Shark Tank.

His goal was to win over the sharks and secure their investment in his company. He requested $500,000 in return for 5% ownership of his business. Will the entrepreneur get a deal on Shark Tank? Check out our Titin update to find out!

titin Net Worth 2024

Patrick Whaley asked for a $500k investment in exchange for 5% equity in Titin. This meant he valued his company at $10 million. He made a deal with Daymond John for $500k in exchange for 20% of his company. This new deal valued his company at $2.5 million. After the show aired, Titin saw strong sales initially but later ceased operations in 2024. The current net worth of Titin in 2024 is $0, as the company is no longer in business.

Titin Shark Tank Update

Things didn’t go well for Titin after Shark Tank. Even while the concept appeared promising, the company ceased operations in 2024. The social media pages and website for Titin have been shut down. Although the precise reason for the company’s demise is unknown, it seems that Titin was unable to handle the demands of managing a profitable enterprise.

Something went wrong with Titin after the show, even though it looked like it was going to do very well and had fantastic sales before the broadcast. By 2024, Titin appears to have ceased operations and its item is no longer available. While it is unfortunate to witness a business with such promise fail, this occasionally even happens to the most successful business

In terms of a Titin update, It’s true that Titin closed the deal on Shark Tank. Patrick Whaley requested $500,000 in exchange for a five percent stake in his business. Following his product presentation and questions answered, two sharks made offers. Daymond John made an offer of $500,000 for 20% stock, while Kevin O’Leary offered $500,000 for 15%.

After giving it some thought, Patrick agreed to take Daymond John’s offer of $500,000 in exchange for 20% of the company. As a result, Patrick ended up giving away a larger portion of his company than he had anticipated, but he still managed to secure the funding required to expand it. Reaching an agreement with Daymond John appeared to be a positive beginning for Titin’s career, and it was a significant accomplishment for Patrick.

Shark Names	Demand & Offer	Counter Offer	Accepted?
Mark Cuban	Out	N/A	N/A
Robert Herjavec	Out	N/A	N/A
Lori Greiner	Out	N/A	N/A
Kevin O’Leary	$500,000 for 15% equity.	N/A	N/A
Daymond John	$500,000 for 20% equity.	#1 $500,000 for 10% equity #2 $750,000 for 15% equity	Yes to Daymond original offer

Titin Shark Tank Pitch

Patrick Whaley was interested in fitness and weight training, which is how he came up with the concept for Titin. He thought that including weight in exercise attire could improve performance and speed up recovery. His experience as a mechanical engineer enabled him to create a garment that fits the body naturally.

One distinctive element that distinguished Titin from conventional training apparel was the gel inside the shirt, which matched the density of muscle. When Patrick first began working on Titin, he encountered numerous difficulties. He needed to find a way to add weight without sacrificing comfort in the shirt.

In addition, he needed to confirm that wearing the garment while working out was safe. In order to sell the garment at a fair price. He also needed to figure out how to make it cheaply. Despite these obstacles, Patrick was adamant about his concept and put a lot of effort into making it a reality.

In our Titin update research, Patrick wore a suit as he made his Shark Tank pitch, but he quickly tore it off to show off the Titin weighted shirt below. He described how the shirt was made according to the human body and how it might improve performance and recuperation after exercise. Patrick gave the sharks his fantastic sales figures. Prior to the presentation, he had made nearly $1 million in sales in a single month and $600,000 the year before.

Although Patrick had intentions to get the garment into physical stores, he disclosed that the majority of his sales were from Internet merchants. Additionally, he revealed that the entire Titin kit could be marketed for $250 and that the manufacturing costs were minimal. Although the profit margins and sales figures pleased the sharks, they remained skeptical.

The product and business were the subject of numerous queries from the sharks. They were curious about the shirt’s functionality, its unique features, and why it outperformed other training apparel. One of the sharks, Mark Cuban, questioned if Patrick was telling the truth about the product and its performance. He was doubtful that the product could actually live up to Patrick’s claims.

Robert Herjavec was also uneasy. Patrick’s lack of clarity in his presentation, in his opinion, made it difficult for him to have faith in the company. While some of the other sharks were more intrigued by the company’s financials than the product itself, others were less interested in it. They were curious as to whether Patrick could genuinely make his concept a profitable venture.

The sharks had differing opinions. Mark Cuban swiftly pulled out of the agreement because he did not think the product would work. Additionally, Robert Herjavec opted not to invest due to his perception that the presentation lacked clarity. Lori Greiner left the company as well, failing to understand the product’s potential.

But Kevin O’Leary made a proposal. He made Patrick an offer of $500,000 for 15% of the business. Daymond John extended an offer as well. His offer was $500,000 with 20% ownership. Patrick considered the two proposals for a while. Ultimately, he chose to accept Daymond John’s $500,000 offer in exchange for 20% stock.

What Went Wrong With Titin On Shark Tank?

In regard to a Titin update, Even if Patrick was able to close a deal with Daymond John, the company’s chances may have been harmed by some issues that arose during the Shark Tank show. Robert Herjavec and Mark Cuban believed that Patrick was not being entirely honest about the possibilities of the business and his product.

Mark didn’t think the product would function as effectively as Patrick had claimed. Robert found it difficult to believe Patrick because of his unclear presentation. Even though Patrick and Daymond struck a contract, the business had difficulties following the show. Although the exact causes of the company’s demise remain unknown, some of the sharks’ unfavorable comments may have served as a red flag.

Product Availability

Patrick thought the shirt’s distinctive design would help it stand out in the fitness industry. The Titin shirts were offered online while the company was still operating. Patrick also intended to get the goods sold in actual brick-and-mortar locations. The cost of the entire Titin set was $250. Regretfully, the product is no longer accessible for purchase as of 2024. The product appears to be out of stock as the company’s social media and website have been shut down.

Conclusion

Patrick closed a $500,000 deal with Daymond John in exchange for 20% shares after impressing the sharks with his sales figures. But in 2024, Titin ceased operations, even with its early success on Shark Tank. The product is no longer offered for sale, and the company’s social media pages and website have been inactive. The reason behind the company’s demise remains unknown but it serves as a warning that managing a profitable firm may be extremely difficult, even if you have a strong product and a successful Shark Tank deal.