EvRewares Shark Tank Net Worth 2023

Ellie and Becca had a great offer for the Tank when they joined: they proposed to invest $100,000 in exchange for a 30% stake in the company which valued the company at $333,333.33.

This was a great deal for the Tank since it was more than double what Ellie and Becca sold their own business for – they sold it at a value of only $200,000.

What is EvRewares?

EvRewares are fabric stickers that can be reused and worn as ties to add a fun touch to any event. These stickers use a patented adhesive that sticks to surfaces without leaving any residue. They can be easily applied by peeling off the backing and sticking them onto clothing.

The stickers are biodegradable and can be reused multiple times while retaining their adhesive qualities. They come in a variety of designs, including bacon, beer, duct tape, American flag, and pixel patterns.

Ellie Brown and Becca Nelson, business sisters from North Carolina, founded the company in 2011 to provide a fun, affordable, and easy way to customize their children’s clothing.

The company has had success getting their product into stores such as Party City, the Container Store, and many independent retailers. Since the company’s inception, they have made around $500,000 in sales.

EvRewares can be purchased at the above-mentioned retailers as well as online at Amazon. In addition to Sticky Ties, the company also offers fabric stickers for newborns, Sticky Bow Ties, Sticky Sashes, Sticky Words, and Sticky Drink Labels. They also offer collegiate licensing for certain products.

What happen to EvRewares at the Shark Tank Pitch?

Two women are searching for a Shark investor to assist them in developing their internet company, increasing retail presence, and obtaining capital for expansion.

The episode opens with Ellie and Becca spending time with their children during an “at-home” segment.

They disclose that they have invested $185,000 of their own funds into the company.

Ellie and Becca enter the Shark Tank with an offer of $100,000 for a 30% stake in the company, resulting in a valuation of $333,333.33.

They showcase and demonstrate the product before handing out samples of Sticky Ties.

Kevin predicts that his Sticky Tie, featuring a $100 bill with his picture on it, will be their top seller.

They have made $600,000 in sales since 2011, with $300,000 of that amount generated in 2014, and are projected to generate around $50,000 in sales for the current year.

They claim that this slowdown was intentional and strategic, as sales were declining to a point where retailers were not pulling the product, but enough for them to step back and reassess before moving forward.

The product is sold for prices ranging from $4.99 to $11.99, and they believe they can lower production costs to 50 cents each, but they must pay for a patented substance to maintain the product’s position as a reusable item that can be wiped clean of spills.

Lori discloses that she invested in a similar product that failed to sell, and therefore she declines to invest.

Kevin considers the product to be the most expensive sticker in the store, and dismisses it as a “howling dog from hell that sucks,” and walks away.

Barbara Corcoran informs the sisters that they enjoy creating but their focus is not on the business, and therefore she declines to invest. “I’m leaving,” she says.

Robert Herjavec laughs and declines to invest, stating that the product is “reusable and re-wearable, but nobody cares.” “I’m leaving,” he adds.

Mark Cuban tells the sisters that their brand name is not doing well in internet sales, but he still makes an offer. Instead of investing, he offers to buy the entire company for $200,000.

“You have no clue what you’re doing,” he tells them, and insists that he can manage the company properly and make it successful.

While Becca and Ellie consider the offer, Kevin scolds Mark, telling him that he should just take the concept and start his own business.

The sisters approach, tearfully recalling the effort they put into the company, ready to let it go but hesitant.

“It’s your baby, and I respect that,” Mark says, and when they agree that it is time to let it go, he promises to take excellent care of it and hugs the two.

Mark Cuban paid Ellie Brown and Becca Nelson $200,000 for EvRewares.

EvRewares after Shark Tank Pitch

After Mark’s offer was presented, Ellie and Becca declined it soon after. Mark fully respected their decision and offered them advice. However, they did benefit from Mark’s team who assisted them in preparing for the broadcast online. Ellie spoke highly of Mark and was grateful for the opportunity.

The “Shark Tank Effect” did result in a surge of traffic to EvRewares’ website, with over 1000 views per minute on the night of the show. Nevertheless, the company only made approximately $10,000 in sales as a result of this exposure.

Unfortunately, EvRewares shut down in December 2015. The sisters sold off their remaining stock and announced that they would no longer be selling EvRewares products, according to their website.

EvRewares Net Worth

Ellie and Becca join the Tank with a $100,000 offer for a 30% stake in the company. This results in a value of $333,333.33. They sold their business at $ 200,000 value.

EvRewares Competitors

Unknown.

EvREwares Shark Tank Updates

evREwares is a company that was featured on Shark Tank during Season 6 in 2014. The company was founded by Ellie Brown and Becca Nelson, who pitched their product line of reusable and adhesive fabric stickers called “Sticky Ties” and other related products.

The Sticky Ties are fabric accessories that can be stuck onto clothing without causing any damage, making them a fun and versatile accessory for parties, events, or daily wear. The adhesive backing on the fabric stickers is re-wearable, allowing them to be used multiple times.

During their appearance on Shark Tank, Ellie and Becca asked for $100,000 in exchange for a 30% equity stake in their business. However, they ultimately accepted a deal from Mark Cuban for $200,000 in exchange for 100% equity.

Despite the investment, evREwares struggled to stay afloat and ultimately shut down in late 2015. The company’s website and social media accounts were also shut down.

In 2023, there have been no updates on evREwares since its closure in 2015. It appears that the company was not able to sustain its business despite the investment from Mark Cuban.

EvRewares Shark Tank Table Summary:

CATEGORY	INFORMATION
Product	Fabric stickers that can be reused and worn as ties
Founders	Ellie Brown and Becca Nelson
Offer at Shark Tank	$100,000 for a 30% stake in the company
Valuation	$333,333.33
Sales	Approximately $500,000 since the company’s inception
Competitors	Unknown
Shark Tank Investment Outcome	Mark Cuban offered to buy the entire company for $200,000, but the offer was declined
Company Status	Shut down in December 2015
Net Worth	Valued at $333,333.33 during the Shark Tank pitch; sold for $200,000

EvRewares FAQS

What Is EvREwares And How Does It Work?

EvREwares is a company that appeared on Shark Tank in Season 4 in 2013. The company was founded by Ellie Brown and Becca Nelson, who pitched their product line to the Sharks. EvREwares specializes in reusable and adhesive fabric stickers called “Sticky Ties” and other related products.

The Sticky Ties are fabric accessories that can be stuck onto clothing without causing any damage, making them a fun and versatile accessory for parties, events, or daily wear.

The adhesive backing on the fabric stickers is strong enough to stay in place but gentle enough to be removed without leaving any residue or damaging the clothing.

According to updates, the company ultimately went out of business in late 2015. However, there are still some websites that sell their products.

Who founded EvRewares?

Ellie Brown and Becca are the founders of EvRewares.

What Was The Outcome Of The EvREwares Shark Tank Pitch?

During their Shark Tank pitch in Season 4 in 2013, Ellie Brown and Becca Nelson asked for $100,000 in exchange for a 30% equity stake in their business, EvREwares.

The sisters introduced their product line of reusable and adhesive fabric stickers called “Sticky Ties” and other related products. The Sticky Ties are fabric accessories that can be stuck onto clothing without causing any damage, making them a fun and versatile accessory for parties, events, or daily wear.

However, the outcome of their pitch was not successful as they did not receive an investment from the Sharks. According to updates, the company ultimately went out of business.

What Happened To EvREwares After Its Appearance At The Shark Tank?

After their appearance on Shark Tank, EvREwares experienced some success, but ultimately went out of business in late 2015. According to updates, the sisters were left with very few options and were sort of stranded.

The company’s website and social media accounts were shut down. Despite their initial success, the sisters were unable to sustain the business and it ultimately failed.

What are sticky ties?

The Big Man Sticky Ties was created in 2010 by two sisters from Zionsville, Indiana, Becca Nelson and Ellie Brown.

In comparison to typical stickers, the reusable stickers are constructed of woven cloth and may be reused and repositioned up to 10 times each Sticky Tie.

How much is sticky ties worth?

The proprietors of evREwares, which manufactures reusable party accessories such as ‘sticky ties,’ decided to sell their company to Mark Cuban for $200,000.

What is EvRewares?

EvRewares was business that was selling reusable sticky ties.

When was EvRewares aired on Shark Tank Pitch?

January 13, 2015

How much does EvRewares costs?

The product sells for between $4.99 and $11.99,

Were EvRewares patent?

EvRewares ties were patented.

What was weaknesses of EvRewares?

The ability to keep the product in stock. The product has over 1,000 different designs.

What did EvRewares wanted from the Sharks?

Becca and Ellie wanted $100,000 for a 30% stake in EvRewares. They also needed help getting the item back into stores.

Who purchased EvRewares from Becca Nelson and Ellie Brown?

Mark Cuban is a sponsor of Mark Cuban’s – Originally airing January 13, 2015 on ABC. Mark Cuban wanted to purchase the entire business for $200,000.

What were strengths of EvRewares?

The elastic and reusable material. The product is more functional than most of their competitors.