Driftline Shark Tank Net Worth-What Happened to Driftline After the Shark Tank Pitch?

What is Driftline Shark Tank Net Worth?

At the time of the shark tank show, Driftline’s business was valued at $1 million based on a $100,000 investment requested for 10% equity. Driftline is a company that appeared on Shark Tank USA in May 2022. The company was founded by Wes Horbatuck and Greg Orfe.

What Is Driftline? Who Is The Founder Of Driftline?

Driftline is an aquatic apparel and lifestyle brand that was founded by two friends, Wes Horbatuck and Greg Orfe, who regularly indulge in surfing. The idea for Driftline began taking shape during a surfing session at one of their spots in San Diego, California, sometime in October 2016.

Driftline’s patent-pending activewear debuted in 2019 and sells directly to consumers through its website. Driftline offers lined boardshorts in various colors and patterns for $89 and non-lined variants for $55. They also sell T-shirts and gift cards.

Driftline’s boardshorts are designed to provide extra cushioning and prevent chafing while surfing. The company strives to deliver fashion with function, and its boardshorts are an accurate example of that.

Driftline has partnered with several athletes and content creators who have had great things to say about the product. People like Jaden Reichl, a professional wakeboarder, and Justin Graham, an avid water sportsman, have been using Driftline for their sporting apparel needs.

For now, Driftline only ships within the United States but looks forward to expanding in the near future.

What Happened To Driftline At The Shark Tank Pitch?

Driftline Boardshorts appeared on Shark Tank Season 13 Episode 23, but they did not get a deal. After the show aired, many athletes started buying the product because they wanted to try it.

Driftline is still in business as of May 2022 and sells its products on its website and at two retail locations: West Coast Paddle Sports in Clairemont and the Alila Marea Beach Resort.

According to Driftline’s website, it took months of paperwork, company analysis, and filming preparation before their actual air date on Shark Tank in early 2021.

The founders were grateful for the opportunity to swim with the sharks in “The Tank” and show the world their patented wetsuit-lined board shorts. They rehearsed their pitch day and night to ensure that they would not look like kooks up on that stage.

Wes and Greg presented their unique and innovative board shorts company, Driftline, to the Sharks in an impressive pitch requesting a $100,000 investment for 10% equity. The Sharks were impressed with the product and the sales figures, as Driftline had generated $125,000 in sales in the year-to-date, despite struggling to keep up with demand.

However, Kevin O’Leary was the first to opt out of the deal, as he didn’t fully grasp the market. Lori Greiner also decided not to invest because she felt the company’s niche was too specific. Daymond John didn’t see any opportunity to add value to the company, so he decided to pass as well.

This left only Mark Cuban and Robert Herjavec interested in the deal. Robert offered $150,000 for a 33.3% stake in the company, which Wes and Greg felt was too much. They tried to negotiate a lower equity share a few times, offering as much as 25%, but Robert refused to budge.

Then, Daymond came back into the deal and offered $100,000 for a 20% stake, but only if they accepted the offer immediately. However, since Wes and Greg were unable to decide on the spot, Daymond withdrew his offer. Robert then reduced his equity demand to 28%, but Wes and Greg still rejected the deal.

Unfortunately, Wes and Greg left the Shark Tank without securing an investment deal. We’ll provide you with a Shark Tank Driftline update to keep you informed on how they’re doing now.

What Happened To Driftline After The Shark Tank Pitch?

Driftline, a company that produces board shorts with wetsuit liners to prevent chafing and stay warm, appeared on Shark Tank Season 13 but did not get a deal.

After being contacted by Shark Tank in early 2021, it took months of paperwork, company analysis, and filming prep before their actual air date. Driftline is still in business as of May 2022 and has seen an increase in sales after appearing on the show.

The brand is not available in online marketplaces like Amazon but can be purchased directly from their website or at two retail locations.

Is Driftline Still In Business?

Yes, Driftline is still in business as of May 2022. The company produces board shorts with wetsuit liners to prevent chafing and stay warm. Driftline’s patent-pending activewear debuted in 2019 and the company manufactures apparel using eco-friendly processes and products.

They partnered with a company from Taiwan and Vietnam that uses energy-efficient machines. For now, the aquatic apparel and lifestyle brand sells directly to its consumers through its website.

They offer lined boardshorts in various colors and patterns for $89 and non-lined variants for $55. Driftline even sells T-shirts and gift cards.

Driftline had $125,000 in year-to-date sales, mostly because they couldn’t keep up with orders. The company is running well, but it needs branding to become successful. It is not necessary for a company to have only a good product; a strong marketing strategy is also needed.

Driftline Shark Tank Updates

Driftline is a company that produces board shorts with wetsuit liners to prevent chafing and stay warm. The company appeared on Shark Tank in season 13, episode 23, and seeking $100,000 for 10% equity.

Although the sharks were impressed with their product and sales, they did not make a deal. Driftline had $125,000 in year-to-date sales, mostly because they couldn’t keep up with orders. Kevin O’Leary was the first to go out.

After appearing on Shark Tank, Driftline’s current worth is estimated at $1 million. The company is based in California and has been running since 2019.

Wes and Greg, the founders of Driftline, did not receive funding from the sharks, but they plan to use their own funding to grow their business’s marketing and production. Their marketing strategy is not widely available on the Internet.

Driftline’s activewear is eco-friendly and manufactured using energy-efficient machines. The company partnered with a company from Taiwan and Vietnam to produce their apparel. Driftline’s patent-pending activewear debuted in 2019.

Driftline Shark Tank Table Summary:

INFORMATION	DETAILS
Company name	Driftline
Business	Aquatic apparel and lifestyle brand
Founders	Wes Horbatuck and Greg Orfe
Shark Tank valuation	$1 million for 10% equity
Shark Tank investment requested	$100,000
Shark Tank outcome	Did not get a deal
Year-to-date sales before Shark Tank	$125,000
Retail locations	West Coast Paddle Sports and Alila Marea Beach Resort
Online marketplaces	Not available on Amazon
International shipping	Not available
Driftline’s boardshorts	Lined boardshorts for $89, non-lined for $55
Partnership	With athletes and content creators
Company’s manufacturing process	Eco-friendly
Driftline’s status	Still in business as of May 2022

How Does Driftline Shark Tank Work?

Driftline Shark Tank is a segment on the TV show Shark Tank where the founders of Driftline, Wes Horbatuck, and Greg Orfe, pitched their product to the Sharks. Driftline is a clothing line that produces board shorts with wetsuit liners to prevent chafing and stay warm.

The shorts are made of a specialized inner liner of wetsuit material and a stylish outer shell of polyester. The neoprene liner keeps the athletes warm and absorbs sweat.

The shorts are designed for watersport athletes, whether they prefer surfing, swimming, wakeboarding, paddleboarding, or kayaking.

During their pitch, Wes and Greg asked for $100,000 for 10% equity in their business. The Sharks were impressed with their product, but none of them made a deal with the founders. Despite not getting a deal, Driftline has been doing well since appearing on Shark Tank.

The company was contacted by Shark Tank in early 2021, and it took months of paperwork, company analysis, and filming prep before their actual air date.

Driftline products are imagined and designed in San Diego by a team focused on technical innovation, bodily comfort, and athletic functionality.

How Has Driftline Grown Since Appearing On Shark Tank?

Driftline is a retail apparel and fashion brand that offers eco-conscious board shorts with wetsuit liners to prevent chafing and stay warm.

Driftline was founded in 2019 by Wes Horbatuck and Greg Orfe, who worked other full-time jobs while bootstrapping the funding of their company. Driftline has operated lean from the start and still has only the two founders as employees.

Driftline appeared on Shark Tank in 2021 and gave a good presentation about its product. Although they did not land an investor, their appearance on the show helped them grow their business’s marketing and production.

After the show, many athletes started buying their product, and Driftline was officially patented in January 2023. As of April 2023, Driftline’s current worth is estimated at $1 million.

It appears that Driftline is doing well since appearing on Shark Tank. After the show, they sold out 80% of their inventory within 24 hours. Driftline is continuing to invest and scale its business.

How Has Driftline’s Revenue Changed Since Appearing On Shark Tank?

Driftline appeared on Shark Tank Season 13 and asked for $100,000 for 10% equity, but they did not get a deal. At the time of their appearance, Driftline had $125,000 in year-to-date sales, mostly because they couldn’t keep up with orders.

After their appearance on Shark Tank, Driftline’s sales increased by 4x in just 2 weeks, but later their sales graphs started decreasing. However, it is unclear how much their revenue has changed since appearing on Shark Tank.

Some companies that appeared on Shark Tank saw huge growth spikes after being on the show, but some of them watched their growth contract just as quickly.

It is possible that Driftline experienced a similar situation. However, there is no information available on the internet about Driftline’s revenue after its appearance on Shark Tank.

What Was The Sharks’ Reaction To Driftline’s Pitch On Shark Tank?

Sharks did not make a deal with Driftline on Shark Tank. The entrepreneurs, Wes Horbatuck and Greg Orfe, asked for $100,000 for 10% equity in their company, which produces board shorts lined with wetsuit material to prevent chafing and stay warm.

The Sharks were impressed with their product and their sales numbers, but they did not make an offer. The update on Driftline’s Shark Tank pitch did not mention the Sharks’ specific reactions to the pitch.

What Is The Current Valuation Of Driftline After Shark Tank?

Driftline is a company that produces board shorts with wetsuit liners to prevent chafing and stay warm. The company appeared on Shark Tank USA in May 2022. Wes Horbatuck and Greg Orfe founded Driftline.

During their pitch on Shark Tank, they asked for $100,000 for 10% equity. However, they left the show without securing an investment deal.

At the time of the Shark Tank show, Driftline’s business was valued at $1 million based on the $100,000 investment requested for 10% equity.

Driftline’s current worth is estimated at $1 million. Wes Horbatuck and Greg Orfe, the founders of Driftline, have a net worth of $100,000 as of 2022.

Driftline is still in business as of May 2022 and has seen an increase in sales after appearing on Shark Tank. The company had $125,000 in year-to-date sales at the time of its pitch on Shark Tank.