Tie Try, a tie subscription service, made its appearance on Shark Tank in 2012. Founded by David Powers and Scott Tindle in 2010, Tie Try aimed to revolutionize the way men accessorize with their extensive collection of designer ties.
Unfortunately, despite their innovative approach, Tie Try did not succeed in securing an investment from the Sharks. The lack of perceived passion for the business ultimately led to their downfall, and the company went out of business in 2013.
While Tie Try may no longer be in operation, their unique concept of a tie borrowing service left a lasting impression in the fashion industry. Let’s explore the details of Tie Try’s journey and their appearance on Shark Tank.
Key Takeaways:
- Tie Try was a tie subscription service offering a wide variety of designer ties.
- Founded by David Powers and Scott Tindle, the company appeared on Shark Tank in 2012.
- Tie Try did not receive an investment from the Sharks and eventually went out of business in 2013.
- Their unique tie borrowing service aimed to provide convenience and variety in men’s fashion accessories.
- Despite its short-lived existence, Tie Try left a lasting impact on the fashion industry.
Tie Try Net Worth
Tie Try, a tie subscription service founded by David Powers and Scott Tindle, had a net worth of $400,000 in 2012. This valuation was based on the overall value of the business at that time. Unfortunately, the lifetime sales figures and investor information for Tie Try are not available.
With a focus on providing high-quality neckties to subscribers, Tie Try aimed to revolutionize men’s fashion accessories with their unique concept. However, despite initial success, the company eventually went out of business in 2013.
David Powers and Scott Tindle, the founders of Tie Try, are individuals who recognized the potential of a tie borrowing service and sought to create a convenient and stylish solution for customers.
Tie Try Net Worth Timeline
As of 2023, Tie Try is out of business and no longer has a net worth. In 2012, before appearing on Shark Tank, Tie Try had a net worth of $400,000.
Tie Try Pitch on Shark Tank
Tie Try, the tie subscription service, made its pitch on Season 4, Episode 10 of Shark Tank. The founders, David Powers and Scott Tindle, presented their innovative business model offering a wide range of ties to subscribers. They requested a $100,000 investment in exchange for 25% equity in the company.
Despite their passionate presentation and unique concept, Tie Try did not manage to secure a deal with the Sharks. None of the investors were interested in making an investment, resulting in a “no deal” outcome for Tie Try.
This Shark Tank episode served as a valuable platform for Tie Try to showcase their tie subscription service to a larger audience. Although the founders did not receive the desired investment, their appearance on the show provided exposure and recognition for their brand.
While the Sharks may have passed on Tie Try’s investment offer, the founders persevered in their entrepreneurial journey, seeking opportunities to grow and evolve their business.
Why the Sharks didn’t make a deal?
“The Sharks may have been hesitant to invest in Tie Try due to concerns about market demand and the sustainability of a tie subscription service. Additionally, they may have felt that the founders lacked the necessary passion and commitment to drive the business forward.”
| Founder | Investment Offer | Equity Offered | Sharks’ Response |
|---|---|---|---|
| David Powers | $100,000 | 25% | No deal |
| Scott Tindle |
Despite the outcome on Shark Tank, Tie Try’s founders continued their entrepreneurial journey, striving to learn from the experience and adapt their business strategy accordingly.
Tie Try Founders
Tie Try was founded in 2010 by David Powers and Scott Tindle. As the founders of the company, Powers and Tindle played a pivotal role in the establishment and early success of Tie Try as a tie subscription service. Although information about the founders is limited, their entrepreneurial spirit and dedication to providing men with fashionable accessories led them to create a unique platform.
With their expertise and passion for menswear, Powers and Tindle sought to offer an innovative solution for individuals in need of stylish neckties. Their vision for Tie Try aimed to provide subscribers with convenient access to a variety of designer ties, allowing men to enhance their fashion sense without the hassle of purchasing expensive accessories.
“We wanted to create a platform that would not only provide men with a vast selection of ties but also redefine the way they approached accessorizing their outfits,” said David Powers, one of the founders of Tie Try.
David Powers and Scott Tindle’s commitment to their business venture led them to appear on the popular television show Shark Tank in 2012, where they pitched their unique tie subscription service. Despite their passion for the business, they did not receive an investment offer from the Sharks.
As of 2023, David Powers and Scott Tindle, the founders of Tie Try, have a net worth of $400,000, showcasing their dedication to entrepreneurship and their ability to create a successful venture within the fashion industry.
Key Accomplishments
One of the key accomplishments of Tie Try was their appearance on Shark Tank in 2012. It provided them with valuable exposure and an opportunity to pitch their unique tie subscription service to a nationwide audience. Although they did not secure a deal on the show, the appearance boosted the brand’s visibility and generated significant interest from potential customers.
Despite the initial setback, Tie Try was able to achieve another significant milestone when they were acquired by Freshneck, a prominent tie subscription service. The acquisition allowed Tie Try to continue operating under a new platform and tap into a larger customer base.
The acquisition of Tie Try by Freshneck is a testament to the value and potential of the tie subscription service model. It provided Tie Try with the opportunity to further develop and expand their business while benefiting from the resources and expertise of Freshneck.
Although Tie Try ultimately went out of business in 2013, their appearance on Shark Tank and subsequent acquisition by Freshneck highlight the innovative approach the company took to disrupt the traditional ties market. These key accomplishments positioned Tie Try as a trailblazer in the fashion industry, showcasing their dedication to providing unique and convenient solutions for customers seeking variety and style in their tie choices.
Tie Try’s Unique Tie Subscription Service
Tie Try offered a unique tie subscription service that aimed to provide professionals with a convenient and fashionable way to enhance their wardrobe. With a monthly fee of $15.99, subscribers could enjoy a variety of ties without the commitment of purchasing them.
The service allowed users to receive two new ties per month, carefully curated to meet the diverse fashion sense of each individual. From classic solids to bold patterns, Tie Try ensured that subscribers had access to a wide selection of ties to complement any outfit or occasion.
By using Tie Try’s tie subscription service, users had the flexibility to try out different tie styles and experiment with their fashion sense. Whether they needed a tie for a formal event or a stylish accessory for a casual look, Tie Try provided the convenience of a hassle-free monthly subscription.
With Tie Try, users could elevate their fashion game without breaking the bank. The service simplified the process of finding the perfect tie, ensuring that subscribers always had a fresh and fashionable accessory at their disposal.
Tie Try’s Convenience and Sustainability
Tie Try’s subscription-based model offers unparalleled convenience and promotes sustainability in the world of tie fashion. With Tie Try, users can experience the freedom of trying on different ties in the comfort of their own homes, eliminating the hassle of visiting multiple stores or dealing with long checkout lines.
By providing the opportunity to “try before you buy,” Tie Try empowers individuals to make informed decisions about their tie choices. This not only saves valuable time and effort, but also helps in conscious consumption by minimizing unnecessary purchases and reducing waste. With Tie Try, users can explore a wide range of tie styles and patterns, finding the perfect look for any occasion without cluttering their wardrobes.
Moreover, the sustainability aspect of Tie Try’s model cannot be overlooked. By renting ties instead of purchasing them, users contribute to a more eco-friendly fashion industry. This conscious approach to consumption plays a crucial role in reducing the environmental impact caused by excessive production and disposal of items that often go unused.
Tie Try’s subscription service allows users to make more sustainable choices, contributing to a greener and more environmentally conscious future.
Overall, Tie Try’s commitment to convenience and sustainability sets it apart in the world of tie fashion. By offering a convenient try-before-you-buy experience and encouraging conscious consumption, Tie Try is revolutionizing the way individuals approach their tie selections, making fashion more accessible and environmentally friendly.
Tie Try’s Founder Journey and Shark Tank Pitch
Tie Try was founded by David Powers and Scott Tindle, two attorneys who recognized the need for a broader and more diverse selection of ties in the market. They embarked on a mission to revolutionize the way people access and experience luxury neckwear.
In 2010, Powers and Tindle launched Tie Try, introducing a subscription-based business model that allowed customers to borrow ties and rotate their collection on a regular basis. They envisioned a service that provided convenience, variety, and style to individuals seeking to elevate their fashion sense.
Powers and Tindle took their innovative concept to the reality television show Shark Tank in hopes of securing an investment that would propel their business to new heights.
Their Shark Tank pitch captivated the audience and the Sharks with their unique subscription-based tie borrowing service. They described it as the “Netflix for neckties,” highlighting the convenience and affordability that their business model offered.
“We want to give professionals and tie enthusiasts the ability to have a new tie every month without breaking the bank.”
– David Powers, Co-founder of Tie Try
Despite their passion, creativity, and thoughtful presentation, Powers and Tindle did not receive a deal from the Sharks. However, their appearance on Shark Tank allowed them to showcase their business to a wider audience and gain valuable exposure.
Their entrepreneurial journey with Tie Try paved the way for other innovative ventures in the tie subscription service industry, highlighting the growing demand for unique and convenient solutions in the world of fashion.
Tie Try’s Unsuccessful Deal and Acquisition
Despite appearing on Shark Tank, Tie Try was unable to secure a deal with any of the Sharks. As a result, the company faced numerous challenges and ultimately went out of business in 2013.
However, Tie Try’s story did not end there. The company was later acquired by Freshneck, a successful tie subscription service, which provided a second chance for Tie Try to continue its mission of offering a unique and convenient tie borrowing experience.
While Tie Try’s initial attempt to secure investment on Shark Tank was unsuccessful, the acquisition by Freshneck speaks to the potential and value that the tie subscription service brought to the market.
The Freshneck acquisition enabled Tie Try to leverage the resources and expertise of an established player in the industry, allowing them to continue serving their customers and refining their tie borrowing offerings.
By joining forces with Freshneck, Tie Try was able to benefit from the market knowledge and operational capabilities of a company that had already proven its success in the tie subscription service sector.
The decision to be acquired by Freshneck not only provided Tie Try with a new path for growth and sustainability but also showcased the resilience and adaptability of the founders in the face of adversity.
Through the acquisition, Tie Try was given the opportunity to regroup, learn from past experiences, and continue its commitment to providing men with convenient access to a variety of stylish ties for any occasion.
Richest Sharks on Shark Tank
Shark Tank, the popular entrepreneurial reality show, has introduced viewers to a diverse group of successful investors. Among them, Mark Cuban stands out as the richest Shark with a staggering net worth of $4.3 billion. With his shrewd business acumen and vast experience, Cuban has made numerous strategic investments on the show, propelling entrepreneurs to success.
Barbara Corcoran, known for her keen eye for real estate opportunities, has also built an impressive net worth from her ventures. Lori Greiner, known as the “Queen of QVC,” has leveraged her expertise in product development and marketing to become one of the wealthiest Sharks. Robert Herjavec, known for his tech background, has made lucrative investments and amassed substantial wealth.
Kevin O’Leary, famously referred to as “Mr. Wonderful,” has made a fortune through his astute investment decisions and businesses. Kevin Harrington, one of the original Sharks on the show, has a wealth of experience in marketing and has successfully invested in various industries. These Sharks have not only achieved success on Shark Tank but have also built successful businesses outside of the show, solidifying their positions as some of the wealthiest entrepreneurs in the world.
FAQ
What is Tie Try?
Tie Try was a tie subscription service that offered a variety of mens neckties through a monthly membership.
Who were the founders of Tie Try?
The founders of Tie Try were David Powers and Scott Tindle.
When was Tie Try founded?
Tie Try was founded in 2010.
What was the net worth of Tie Try?
In 2012, Tie Try had a net worth of 0,000.
Did Tie Try receive any investment on Shark Tank?
No, Tie Try did not receive any investment on Shark Tank.
Did Tie Try go out of business?
Yes, Tie Try went out of business in 2013 and their products are no longer available in the market.
What happened to Tie Try after going out of business?
Tie Try was acquired by Freshneck, another tie subscription service.
What made Tie Try’s tie subscription service unique?
Tie Try’s subscription service allowed users to try on different ties without the commitment of purchasing them, providing convenience and variety to enhance their fashion sense.
How did Tie Try’s subscription-based model promote sustainability?
Tie Try’s model promoted sustainability by reducing waste, as users could make more informed decisions about their tie choices, minimizing unnecessary purchases and contributing to a more sustainable fashion industry.
What was the outcome of Tie Try’s pitch on Shark Tank?
Tie Try did not secure a deal on Shark Tank and ultimately went out of business.
Who are some of the richest Sharks on Shark Tank?
Some of the richest Sharks on Shark Tank are Mark Cuban, Barbara Corcoran, Lori Greiner, Robert Herjavec, Kevin O’Leary, and Kevin Harrington.
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