Fitness Stride Shark Tank Update | What Happened to Fitness Stride after Shark Tank?
What is Fitness Stride? Who is the founder of Fitness Stride?
Fitness Stride was a company that produced exercise bands for incorporating physical activity into everyday routines such as chores or yard work.
The bands work by attaching two straps to each leg with hook and eye technology and adding resistance as the user walks.
The founder of Fitness Stride is Stacy Erwin. He created the product while in college, as he wanted an efficient and affordable way to fit exercise into his busy schedule.
He came up with the idea of adding resistance to his daily movements by attaching two rubber bands to each leg, leading to the creation of Fitness Stride, which allows users to exercise while doing tasks like sitting at a desk or doing chores.
What Happened to Fitness Stride at Shark Tank pitch?
Stacy Erwin presented his Fitness Stride workout bands on episode 203 of Shark Tank, hoping to secure a deal. He sought $140,000 in exchange for a 15% stake in the company, which was valued at $933,333.
Erwin entered the pitch with confidence, claiming that his product could address childhood obesity, relieve lower back pain, and tone various muscle groups. He demonstrated the product with the help of models and gave samples to the Sharks.
The Sharks tested the product and asked questions about the company’s growth and marketing. Erwin explained that his biggest challenge was spreading awareness of the product. He reported earning $60,000 last year from $150,000 in sales.
However, several Sharks expressed skepticism about the product’s value and marketability. Kevin O’Leary called it a “marketing disaster,” Robert Herjavec questioned how the company would grow from $150,000 to over a million, and Kevin Harrington noted the lack of testimonials.
Only two Sharks remained interested: Daymond John and Barbara Corcoran. However, John ultimately found the product too expensive and Corcoran was not convinced by the product itself. Erwin left the pitch without a deal.
What Happened to Fitness Stride after Shark Tank?
After being rejected on Shark Tank, Fitness Stride failed to find success and eventually went out of business. The lack of funding from the Sharks and absence of a patent and substantiation of its claims made it difficult for the product to compete in the market. The company’s website and social media pages are no longer active.
Competitors of Fitness Stride
Many companies produce resistance bands, though in most cases they are designed for yoga or other forms of exercise, these are; Bellicon and Tone Fitness Trainer.
Net Worth of Fitness Stride
The net worth of Fitness Stride is unavailable as the company went out of business after being valued at $933,333 during its pitch on Shark Tank.
Fitness Stride FAQs
What is Fitness Stride?
Fitness Stride was a company that allows its users to perform a variety of exercises while performing other everyday tasks. It can be portable and can be used by anyone from children to senior citizens.
Who was the founder?
Stacy Erwin, the founder of Fitness Stride is an entrepreneur. He tried to include fitness routine in his regular schedule and that’s when he thought of adding resistance to his chores by using two rubber bands. It soon became one of the most wanted fitness bands.
How much was Stacy seeking on Shark Tank?
Stacy was seeking for $140,000 for a 15% stake in his company valued at $933,333.
Did Stacy have the deal during the pitch?
No, unfortunately Stacy didn’t have the deal during the Shark Tank Pitch.
Is Fitness Stride still in business?
Fitness Stride unfortunately is no longer in business.
Where was Fitness Stride located?
The company is located in San Jose, CA.
How was Fitness Stride work?
Two resistance bands are attached to each leg, these help in providing resistance as the user does other tasks at work or at home.
Was Fitness Stride a scam?
No, Fitness Stride wasn’t a scam. It was an amazing concept but it failed during the Shark Tank pitch and hence the company went out of business due to lack of funding.
What was the valuation at which they pitched on Shark Tank?
The valuation at which they pitched on Shark Tank was $933,333.
How Fitness Stride did make money?
Fitness Stride makes money by selling the products and through advertisements.
What were the payment methods accepted by Fitness Stride?
Fitness Stride accepted cash and credit card payments.
What was the fitness bands made of?
The bands used to strengthen and tone the muscles were made out of rubber and included a battery pack that powered the band when it was not being used. If user had a short case, the bands ran on batteries.
Was Fitness Stride safe to use?
They claimed that their product was safe to use, it was safe to use under supervision.
Did Fitness Stride have an app?
No, they had no app.
What was the targeted audience of Fitness Stride?
The targeted audience of the Fitness Stride was people who wanted to stay fit and healthy.
How many reviews has Fitness Stride received on Amazon?
Fitness Stride has not received any reviews on Amazon.
What was the business model of Fitness Stride?
The business model of Fitness Stride was to market a product that could be used by anyone at any fitness level.
How long did Fitness Stride take to get the right price?
The right price was achieved during a year and the company went out of business after the start of shark tank.
What is the price of Fitness Stride?
There is no information available about the price of Fitness Stride.
Can I still get Fitness Stride?
No, unfortunately you can’t get this amazing product or company anymore since they went out of business after shark tank.
What is the net worth of Stacy Erwin?
Stacy Erwin’s net worth is not available.
