Shemie Shark Tank Update

Shemie has caught everyone’s eye on Shark Tank. However, you will be surprised to know how Shemie turned out to be even after an amazing start. Yes, the Sharks didn’t invest but a Kickstarter campaign certainly turned the tables.

So what is the Shemie Shark Tank update? Shemie started a Kickstarter campaign that raised $30,000 for the amazing idea that Shemie delivered. As a result,  they had sold $150,000 worth of slips in 18 months. Nevertheless, Shemie received a decline in the market and has gone bankrupt.

Therefore, if you’re curious to learn more about Shemie and its ascent to fall, we’re here to share. Starting from their net worth, and sales data to their profitability, we will discuss it all. So without wasting any more time, let’s get started.

Shemie Shark Tank Profile

We have decided to provide you with a table that will answer most of your queries in a short read. Here’s the Shemie Shark Tank profile;

Company Name	Shemie
Founder	Shelton Wilder
Founded	2012
Product	Stylish and comfortable women’s slips
Business Status	Not in business
Episode (Shark Tank USA)	Season 4, Episode 7
Asked For	$60,000 for 20% equity
Final Deal	No deal
Shark	No Shark
Net Worth	$0
Air Date	October 26, 2012
Headquarters	N/A
Watch On	Amazon Prime
Website	N/A
Go To Amazon	N/A
Instagram	Visit Instagram

What Is The Company Shemie About?

In case you missed the episode, you might ask, was Shemie on shark tank? What’s the company about? Well, Shemie is a clothing brand made for women. They make stylish women’s slips that are not only comfortable but made for all sizes of women.

The designer Shelton Wilder realized that the market for slips is not that versatile. Moreover, women with larger bodies have trouble finding slips for their size. 

Well, Shelton Wilder already worked in the fashion industry in the company Nordstrom. From the experience, she got the ideas of what their client lacks and needs the most. 

As a result, she came up with the idea of providing slips that are made for all sizes. This product provides a comfortable, airy material that will highlight women’s outlines and give them the required support.

What Happened To Shemie During Shark Tank?

Shemie appeared on Shark Tank in Season 4, episode 7. You will be surprised to know that till the Shemie Shark Tank episode, the brand didn’t exist. Shemie was just an idea until that episode, and now Shelton Wilder wants the Sharks to support her in her journey. 

In this episode, she asked $60,000 for 20% equity in the company, which was evaluated to be $300,000 in the future. Well, none of the Sharks were interested to invest in the brand.

Instead, Mark Cuban claimed that Sheldon Wilder was a copycat of their prior organization. However, that wasn’t the case, as Wilder provided them with sufficient proof. 

Wilder also confessed to her drinking problem in the show and said she has been sober for almost 3 years. Nevertheless, the Sharks confirmed the rejection was not based on personal problems. 

What Happened To Shemie After Shark Tank?

Now, you might be wondering what happened to Shemie after Shark Tank. Well, Sheldon Wilder was not one of those who quit. Even after receiving no offers from the Shark, she didn’t let Shemie die. Rather, she started a Kickstarter campaign to bring the company from dream to real life.

The fame from Shark Tank treated her well as people knew exactly what she was up to. As a result, Shemie gained a donation of $30,000 to start its journey. 

Shemie after Shark Tank was all over famous magazines such as Vogue, Cosmo, and Glamour. Additionally, it had sold $150,000 worth of slips in 18 months. This was certainly a successful project until the customer realized it was pricey. 

As a result, the company Shemie today no longer exists. They shut down their business in 2015 and Wilder has chosen a different pathway to make a living. Now, Wilder is a realtor and has been doing great with her business and her life. 

Shemie Net Worth

You might be wondering how a company that has been shut down has a net worth. A company’s net worth is calculated as its assets minus its liabilities as of a particular date. 

So, even after ceasing operations, a business may still have valuable assets like cash, investments, real estate, intellectual property rights, or inventory.

Nevertheless, regarding Shemie, the net worth is $0. Shelton Wilder needed a way to make a living and chose the real state to be it. Thus, she took all the chances in this career and had to leave everything to the past, resulting in selling everything.

Shemie Sales Data

The company Shemie never felt the need to share its sales data publicly. The only thing we were able to find was that they sold $150,000 worth of slips in 18 months. 

However, one thing is for sure, Shemie faced a huge market decline after doing business for a few months. This must be the reason for their shutdown. 

Is Shemie Profitable Now?

From the Shemie update, you can already tell that there’s no way Shemie is profitable now. The brand no longer exists and has faced a massive market decline. 

However, it may be assumed from Shark Tank’s popularity that they initially made a great deal of money. Potential customers felt excellent about it and bought the merchandise because it met their demands. 

They were somewhat expensive, which the customers disliked. The effect is that the business is no longer around. 

While the Shemie had its own unique journey post ‘Shark Tank’, many other entrepreneurs have graced the show’s stage with their innovative ideas. For instance, if you’re a seafood lover or simply curious about food-business pitches, you’d definitely want to check out the journey of Cousins Maine Lobster after their ‘Shark Tank’ appearance. Similarly, the vegan food enthusiasts or those exploring alternative meat options might find the trajectory of Atlas Monroe after the show particularly intriguing.

Conclusion

To conclude, the Shemie Shark Tank update is that it no longer exists. Even after getting recognition from Shark Tank, Vogue, and Cosmo, Shemie wasn’t able to provide customers with excellent prices. However, one thing we can learn from this story is that you never give up on your dreams.

Even though Sharks didn’t invest in the company, Shelton Wilder didn’t stop there. Instead, she opened a Kickstarter Campaign to help her fund the business.