Fitness Stride Shark Tank Update | What Happened to Fitness Stride after Shark Tank?
What is Fitness Stride?
Fitness Stride was a firm that manufactured exercise bands that allowed for the incorporation of training and exercises into regular tasks such as housework or lawn mowing.
Two straps are linked to the band around each leg utilizing hook and eye technology. After stretching the bands between the straps, they provide resistance while the user walks.
Stacy Erwin established Fitness Stride. While in college, he sought a method to include his fitness routine into his schedule, despite the fact that it was rather costly and time-consuming.
As a result, he developed a device that does not compel the user to sacrifice exercise time but rather allows them to perform other tasks while still meeting their fitness goals.
Who is the founder of Fitness Stride?
Stacy Erwin founded Fitness Stride. Stacy Erwin has always been interested in exercise, but he struggled to fit it into his college schedule. He’s seeking for a simple and economical approach to organize fitness programs while maintaining a hectic schedule.
He came up with the concept of adding resistance to his daily duties by attaching two rubber bands to each leg. This was the inspiration for the Fitness Stride, which would allow users to obtain resistance while sitting at a desk or performing chores.
What Happened to Fitness Stride at Shark Tank pitch?
Stacy Erwin offers her Fitness Stride workout bands on Shark Tank episode 203 in the goal of landing a deal.
Erwin entered the Shark Tank pitch seeking $140,000 in exchange for a 15% stake in his firm, which was valued at $933,333.
He entered the Shark Tank brimming with machismo and confidence. He asserts that his product would end childhood obesity, alleviate lower back discomfort, tone and firm various muscle groups.
A couple of models show how the product works, and Erwin distributes samples to the Sharks. “I have something unique for you, Baby girl,” he says Barbara Corcoran, eliciting chuckles from the Sharks.
He solicits the assistance of Kevin O’Leary, Robert Herjavec, and Daymond John in testing the product. Barbara Corcoran and Kevin Harrington yell in delight as they observe Herjavec and John wobble slightly as they attempt to regain their equilibrium with the bands.
The Sharks get to work. Daymond John is inquiring as to the company’s growth. Erwin explains that his primary obstacle is marketing.
He must spread the word about his goods in order to increase sales. He earned $60,000 last year after selling $150,000 worth of merchandise.
Daymond John casts doubt on his $900,000 assessment. Robert Herjavec is curious as to how he will move from $150,000 to over a million.
Kevin Harrington was soliciting testimonies. Erwin claims that one guy has dropped 150 pounds using the bands.
According to Kevin O’Leary, the product is a “marketing disaster.” He has departed. Robert Herjavec exits, citing the expense of marketing.
Kevin Harrington, the infomercial man, believes that the absence of testimonials is an undeniable flaw. He exits alongside the other two Sharks.
There were just two survivors: Daymond John and Barbara Corcoran. John believes the price is too expensive and the product is “too rich an investment.” He exits.
Barbara Corcoran was a believer in Erwin’s hustle, but not in the goods. The final Shark exited, and Erwin exited the stage without a deal.
What Happened to Fitness Stride after Shark Tank?
Failure in the Shark Tank isn’t necessarily a death knell to a product, but in this case, it seems that the lack of finance kept Erwin’s product off the stores.
There are a variety of comparable items on the market, and without a patent in hand, or confirmation of the feasibility of his claims, Erwin wasn’t able to sell the Sharks or keep Fitness Stride afloat.
The website and social media sites are locked and dark, Fitness Stride went out of business.
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 company valuation was $933,333 during and after the pitch, since then the company went out of business and hence the company net worth is not available.
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.