Felt App Shark Tank Net Worth 2023
Tomer appeared on Shark Tank Season 7 Episode 29 to seek an investment of $200,000 in exchange for a 6% stake in his company Felt, resulting in a valuation of $3.3 million.
Kevin offered him $225,000 for a 10% stake which brought the valuation down to $2.25 million. According to recent statistics, the net worth of Felt App is currently estimated at around $2 million as of 2022.
What is Felt App? Who is the Founder of the Felt App?
Felt is a unique app that offers a refreshing change from the digital world we live in. The app is exclusively available on Apple devices and allows users to create handwritten cards using their fingers or stylus. Users have the option to personalize their cards by adding their own photographs or choosing from a variety of provided styles.
One of the app’s standout features is its ability to customize the envelope. Users can easily add the ‘to’ and ‘from’ addresses by scribbling them on the envelope using the app. The app also saves users’ addresses, making it easy to use them in the future.
Once the card is created, Felt sends it to a boutique print business in Dallas, where it is printed on high-quality Mohawk paper. The card is then carefully placed in a craft-paper envelope, stamped with first-class postage, and sent via USPS.
The cost of sending a single card is $3. Users also have the option to send up to four cards to one recipient in a single envelope for $6. Felt also offers a subscription service, which allows users to send three cards every month for $5.
Tomer Alpert, a resident of Telluride, Colorado, is the creator of the Felt App. The idea for Felt was born when Alpert, the founder of Felt, was unable to locate an emergency thank-you note after a party.
In 2013, Alpert created the app to cater to our increasingly digital and disconnected lifestyles by offering greater customization. As per their website, Felt is “snail mail reimagined for the modern world.
What Happened to Felt App at the Shark Tank Pitch?
Tomer appeared on Shark Tank’s 29th episode of Season 7 seeking an investment of $200,000 in exchange for a 6% stake in his company, Felt. This puts Felt’s value at $3.3 million. During his pitch, Tomer presented the Sharks with Felt cards, which represent the app’s various capabilities.
Felt has already garnered 60,000 downloads and an impressive 4.5-star rating on the Apple iTunes store. Tomer believes that the wedding industry presents a significant opportunity for Felt, but he also plans to expand his target audience to include professionals who need to send a large number of cards to various recipients.
He believes that Felt’s ability to save recipient addresses in a user’s account will appeal to brides and professionals.
Robert Herjavec, however, declines to invest because he doesn’t believe the technology or the concept is unique. On the other hand, Kevin O’Leary, who owns a wedding firm called HoneyFund, is intrigued by Felt and offers Tomer $225,000 in exchange for a 10% stake in the company.
O’Leary sees potential in Felt and believes that his expertise can significantly reduce user acquisition costs.
The other Sharks, including Mark Cuban, Barbara Corcoran, and Lori Greiner, decide to pass on the opportunity, but they all recommend that Tomer accept O’Leary’s offer.
Felt App Shark Tank Updates
Felt is a personalized, handwritten greeting card app that allows customers to handwrite on the card, all from the app. The app simplifies the process of sending handwritten greeting cards and stores addresses, dealing with the sending hassle for the customer.
Felt had been downloaded over 60,000 times on the App Store at the time of airing and had a rating of 4.5 stars. The app is currently only available for Apple products.
Tomer Alpert, the founder of Felt, appeared on Shark Tank Season 7 seeking a $200,000 investment in exchange for a 6% stake in Felt App. Kevin O’Leary made an offer of $225,000 for 10% equity, which Tomer accepted. However, the deal with Kevin never closed.
Post-Shark Tank, Felt experienced a surge in membership, with around 10,000 new members at one point. The sales of their products rose dramatically in the weeks that followed the broadcast, and their revenue skyrocketed by a factor of ten to twenty.
As of 2023, the Felt App is still going strong, with over 40 employees based out of Telluride, Colorado. They offer Felt Plus, which starts at $4.25 and allows customers to send three cards a month and choose how many panels they want for each card.
Felt App Shark Tank Table Summary:
| CATEGORY | DETAILS |
| Founder | Tomer Alpert |
| Company | Felt App |
| Shark Tank Pitch | Investment of $200,000 in exchange for a 6% stake in Felt resulting in a valuation of $3.3 million |
| Offer from Kevin | $225,000 for a 10% stake in Felt, resulting in a valuation of $2.25 million |
| Net Worth (2022) | Estimated at around $2 million |
| Subscription | Users can send three cards every month for $5 with Felt Plus |
| Competitors | Greetabl, GiftRocket, Giftly, and TouchNote |
| Shark Tank Outcome | Kevin O’Leary offered $225,000 for a 10% stake in the company, but the deal never closed |
| Company Status | Felt App is still in business and has over 40 employees based out of Telluride, Colorado. |
Felt App Net Worth?
Tomer appeared on Shark Tank Season 7 Episode 29 in search of a $200,000 investment in exchange for a 6% stake in Felt. This translates to a $3.3 million valuation.
On accepting an offer from Kevin of $225,000 for 10% stake which brings valuation to be $2.25 million valuation.
Felt App Competitors
Greetabl, GiftRocket, Giftly, and TouchNote are the major rivals in Felt’s competitive set.
Felt App FAQS
What Is Felt App Shark Tank?
Felt App is a mobile greeting card company that appeared on Shark Tank in 2015. The app allows users to create and send personalized, handwritten cards through their mobile devices. Felt App was created in 2013 by Tomer Alpert to bring more personalization to our increasingly digital and detached lives.
The app offers a beautiful set of templates with pictures for every occasion and allows an awesome writing toolkit to send heartfelt messages. If users are not confident in their handwriting, the app allows them to use designer fonts and a writing toolkit to enhance the handwriting experience.
During the Shark Tank pitch, Tomer Alpert asked for a $200,000 investment in exchange for a 6% stake in Felt App. Kevin O’Leary, also known as Mr. Wonderful, made a deal with Tomer for $225,000 for 10% of the company.
After the Shark Tank episode aired, Felt App experienced a surge in membership, with around 10,000 new members at one point. The sales of their products rose dramatically in the weeks that followed the broadcast, and their revenue skyrocketed by a factor of ten to twenty. As of 2022, the net worth of Felt App is $2 million.
How Does Felt App Shark Tank Work?
Felt is a smartphone application that allows users to send handwritten cards from their phones. Users can choose a photo from their phone or use one of the app’s themed designs.
They can then use their finger or a stylus to “write” a short note and address the envelope within the app. For those with poor penmanship, the app offers a variety of fonts to choose from.
During its appearance on Shark Tank, Felt was seeking a $200,000 investment in exchange for a 6% stake in the company. The app had been downloaded 60,000 times and had a 4.5-star rating on the Apple iTunes store. Felt’s founder, Tomer Alpert, explained that there was a large market available if he could break into the wedding market and build appeal for professionals who need to send a large number of cards.
After its appearance on Shark Tank, Felt experienced a surge in membership, with around 10,000 new members at one point. The sales of their products rose dramatically in the weeks following the broadcast, and their revenue increased by a factor of ten to twenty.
Felt’s valuation was $2.5 million when it appeared on Shark Tank, and it has since grown to a net worth of $2 million as of 2022. Today, Felt has over 40 employees based in Telluride, Colorado.
What Happened To Felt App After Shark Tank?
Felt is a smartphone application that allows users to send handwritten cards from their smartphones. Tomer Alpert, the founder of Felt, appeared on Shark Tank in Season 7, seeking a $200,000 investment in exchange for a 6% stake in Felt.
Kevin O’Leary made an offer of $225,000 for 10% equity, which Tomer accepted. However, the deal with Kevin never closed.
Despite the failed deal, Felt has grown significantly since its appearance on Shark Tank. The app received a lot of interest after the episode aired, and sales have been reaching greater heights. Felt had been downloaded over 60,000 times on the App Store at the time of airing and had a rating of 4.5 stars.
The company had an initial funding of $220,000, but post-Shark Tank, the deal grew multi-fold. Today, the company has over 40 employees based out of Telluride, Colorado.
Felt’s social media accounts with Facebook and Twitter are still active, pointing toward a healthy, growing company. The app is currently available through the iTunes Store and online. The net worth of Felt App is $2 million as of 2022.
Is Felt App Shark Tank Still In Business?
Yes, Felt App from Shark Tank is still in business as of 2023. The company is generating an annual revenue of $1.5-$2 million. Felt App is a mobile greeting card company that allows users to create and send personalized, handwritten cards through their app.
The app offers the feature of storing addresses and dealing with the sending hassle for the customer. Its most unique feature allows the customer to handwrite on the card, all from the app.
Felt App appeared on Shark Tank in 2016, where Tomer Alpert made a pitch for $200,000 on a 6% stake in his business. Kevin O’Leary offered $225,000 for 10% equity, and the deal was made.
However, the deal with Kevin never closed. Despite this, Felt has continued to grow since its appearance on Shark Tank, and the company is still active and thriving with over 40 employees based out of Telluride, Colorado.
Felt App experienced a surge in membership after the Shark Tank season ended, with around 10,000 users at one point. The sales of their products rose dramatically in the weeks that followed the broadcast, and their revenue skyrocketed by a factor of ten to twenty.
Felt App is currently available through the iTunes Store and online, and their social media accounts with Facebook and Twitter are still active, pointing toward a healthy, growing company.
What Is The Current Valuation Of Felt App After Shark Tank?
Felt App appeared on Shark Tank in 2016, seeking a $200,000 investment in exchange for a 6% stake in the company. At the time of the Shark Tank appearance, Felt App was valued at around $2.25 million.
However, during the pitch, Tomer presented the Sharks with Felt cards, which represent the app’s various capabilities, and this put Felt’s value at $3.3 million.
After the Shark Tank episode, Felt App received a lot of interest, and their sales have been reaching greater heights. The company had an initial funding of $220,000, but post the Shark Tank deal, it grew multi-fold.
As of November 2021, the company is still operational and has achieved yearly sales of $1.5 to $2 million.
According to different sources, the net worth of Felt App varies. One source states that the net worth of Felt App is $2 million as of 2022.
Another source states that Felt App’s founder, Tomer Alpert, has a net worth of $1.8 million as of 2022. However, a third source states that Felt App’s value is $3.3 million.
How much were they seeking in the Shark Tank?
Tomer appeared on Shark Tank Season 7 Episode 29 in search of a $200,000 investment in exchange for a 6% stake in Felt. This translates to a $3.3 million valuation.
Did he get the deal?
Tomer accepted an offer from Kevin of $225,000 for a 10% stake which brings the valuation to $2.25 million valuation.
What happened to Felt App after the Shark Tank?
The contract with Kevin never came to fruition, but Felt has taken off. The software is presently accessible in the iTunes Store and on the web.
The social media profiles on Facebook and Twitter are still active, indicating that the firm is healthy and expanding.
What is Felt App’s revenue?
They have yearly sales of $1.5-$2 million as of November 2021.
What episode was Felt App featured in?
The episode was shark tank Episode 29 of Season 7.
Who are the competitors of Felt App?
Greetabl, GiftRocket, Giftly, and TouchNote are the major rivals in Felt App’s competitive set.
Can they Track their Order?
They proudly use the dependable US Postal Service’s First Class Ship, and tracking isn’t accessible, just like anything else they’d stamp and mail.
If their order contains a present that is too large to fit in the envelope with their card, they can locate tracking information on the app’s prior orders tab.
Where is the felt app located?
Felt then prints, seals, stamps, and mails the card to its customers within 24 hours via the United States Postal Service.
Provides a variety of pens and inks, as well as a convenient eraser, to help its users tailor their particular message.
Felt was founded in 2012 by Tomer Alpert. It is headquartered in Telluride, Colorado.
How long do felt cards take?
Cards are shipped within 24 hours after being printed on quality Mohawk paper by Indigo printers and packaged in their characteristic, custom-milled Kraft envelopes.
They also hand-apply first-class stamps, giving every card a personal touch.
Is felt a good app?
They may send handwritten notes directly from their phone or PC. They enjoy being able to make personalized photo cards to give to others.
Is felt a free app?
Felt is available for free on iTunes.
Will their iOS account sync with their Android account?
YES! They may access their account from any of their devices (iOS or Android), regardless of the device on which they created their account.
Will it really look like their handwriting?
They print their drawings and notes just as they appear on the app. They may write their customized message using their finger or a stylus.
What is the net worth of Tomer Alpert?
Tomer Alpert’s net worth is unavailable.
