Katamco Toilet Timer Net Worth
Katamco Toilet Timer is available on their website and Amazon for $14.99, and the company also sells smartphone wall docks for the bathroom and greeting cards.
What is Katamco Toilet Timer and Who is the founder of Katamco Toilet Timer?
The Katamco Toilet Timer is a unique product created by Adam Stephey, the founder of Katamco, a limited liability company based in Greater Bloomington, Illinois. This timer produces a sound called the “poo-castigator” in the toilet to discourage people from wasting time on the toilet.
Adam has always been a maker and designer, having started as a child playing with Lego blocks. He honed his skills by helping his grandfather build furniture when he was a teenager, and he taught himself 3D drafting.
Adam is a serial inventor, tinkerer, and entrepreneur who has created an app for recovering alcoholics, cleaning tools for video game consoles, and now the Toilet Timer.
His wife, Katie, suggested the idea after telling Adam that he spent too much time on the toilet browsing his phone. He designed a five-minute sand timer using a 3D printer to limit his toilet time.
The timer works like a traditional hourglass, with sand flowing from the top representing the person’s abdomen, and flowing down to the bottom representing the toilet. The timer comes in male and female versions.
Adam launched the company with a Kickstarter campaign in July 2017, which raised $23,868. The timer costs $14.99 each, and the book of poems called “When Dad Goes Poo” costs $19.99 and is now available on Amazon.
Katamco is Adam’s “parent business,” and he is likely to release more products in the future, given his expertise in 3D printing.
Katamco Toilet Timer Tank pitch
Adam and his wife decided to pitch their unique invention, the Katamco Toilet Timer, to Shark Tank investors to help their business succeed. During the pitch, they were seeking $200,000 for a 10% stake in their company, which was valued at $2 million.
The Sharks were not impressed with the pitch and rolled their eyes. Andy explained that the Toilet Timer was a gag gift, and they had a video of a gastroenterologist discussing the negative health effects of spending too much time in the bathroom.
Despite the skepticism from the Sharks, the Katamco Toilet Timer had great sales during the Christmas season of 2019, earning $250,000 in sales. Each timer costs less than $3 to make and retails for $14.95, with most sales coming from Amazon.
Lori loved the product but decided to pass on investing. Kevin also declined, feeling that the product was too expensive. Daymond wasn’t interested either. However, Mark was impressed and offered $200,000 for 20% equity in the company, which Andy accepted.
Although the deal with Mark fell through, the Katamco Toilet Timer continued to sell well, with over 5,000 units sold within a week of the intended show date.
The company still operates today, offering a variety of amusing designs with a sand timer. They also sell additional items such as children’s books and greeting cards as part of gift sets.
Adam Stephey, the founder, is still with the company, and the Katamco Toilet Timer is available on Amazon. As of November 2021, they had around $1 million in sales for the year.
Net Worth of Katamco Toilet Timer
The firm was valued at $2 million during the pitch, in 2021 the company has a net worth of $650,000.
Katamco Toilet Timer Shark Tank Updates
Adam and Katie Stephey, a husband-and-wife duo from Normal, Illinois, appeared on Season 12 Episode 7 of Shark Tank with their company, Katamco, and their product, the Toilet Timer.
The Toilet Timer is a sand timer that runs for approximately five minutes, designed to send a clear message to bathroom users that they should finish their business and vacate the bathroom.
The Sharks initially thought the product was a joke, but Mark Cuban ended up investing $200,000 for 25% equity in the company.
As of April 2023, there are no updates on the Katamco Toilet Timer since its appearance on Shark Tank in 2020. However, the product is still available for purchase on the Katamco website and on Amazon.
The product has received mixed reviews, with some customers finding it to be a fun and useful tool for managing bathroom time, while others find it to be unnecessary or ineffective.
Despite the lack of updates, the Katamco Toilet Timer remains a memorable product from Shark Tank Season 12 and a successful investment for Mark Cuban.
Katamco Toilet Timer Shark Tank Table Summary:
| INFORMATION | DETAILS |
| Net Worth | Katamco Toilet Timer’s net worth is estimated to be around $1.1 million as of May 2022. This is significantly different from when they appeared on Shark Tank in 2021 when the company was valued at $2 million. The firm was valued at $2 million during the pitch, in 2021 the company has a net worth of $650,000. |
| Founders | The founder of Katamco Toilet Timer is Adam Stephey, a serial inventor, tinkerer, and entrepreneur who created the timer after his wife, Katie, suggested the idea after telling Adam that he spent too much time on the toilet browsing his phone. |
| Product Description | The Katamco Toilet Timer is a unique product designed to discourage people from wasting time on the toilet. The timer produces a sound called the “poo-castigator” in the toilet, and it works like a traditional hourglass, with sand flowing from the top representing the person’s abdomen and flowing down to the bottom representing the toilet. The timer comes in male and female versions and costs $14.99 each. |
| Availability | The Katamco Toilet Timer is available on their website and Amazon for $14.99. The company also sells smartphone wall docks for the bathroom and greeting cards. The book of poems called “When Dad Goes Poo” costs $19.99 and is now available on Amazon. |
| Kickstarter Campaign | Adam launched the company with a Kickstarter campaign in July 2017, which raised $23,868. |
| Shark Tank Pitch | Adam and his wife pitched their unique invention, the Katamco Toilet Timer, to Shark Tank investors in 2020. The Sharks were initially not impressed with the pitch, but Mark Cuban ended up investing $200,000 for 25% equity in the company. The company had great sales during the Christmas season of 2019, earning $250,000 in sales. |
| Updates | As of April 2023, there are no updates on the Katamco Toilet Timer since its appearance on Shark Tank in 2020. However, the product is still available for purchase on the Katamco website and on Amazon. The product has received mixed reviews, with some customers finding it to be a fun and useful tool for managing bathroom time, while others find it to be unnecessary or ineffective. |
Katamco Toilet Timer FAQs
What Is Katamco Toilet Timer And How Does It Work?
The Katamco Toilet Timer is a sand timer that runs for approximately five minutes and reminds users not to spend too much time in the bathroom.
It is a unique and functional sand timer that can be used as a gag gift for men, husband, dad, and fathers day gag. The timer is designed to send a clear message to bathroom users and help them get back to the people they are trying to avoid.
The timer runs for about five minutes, and if someone wants to sit for ten minutes, they can rotate it again.
The Katamco Toilet Timer is a simple device that works by rotating the timer to set it for five minutes. Once the timer is set, it will run for approximately five minutes, reminding the user not to spend too much time in the bathroom.
The timer is designed to be a fun and unique way to help people manage their time in the bathroom and avoid wasting time. The timer is sturdy and well-constructed, making it a perfect gift for Christmas, Father’s Day, stocking stuffers, white elephant, and birthdays.
In conclusion, the Katamco Toilet Timer is a sand timer that runs for approximately five minutes and reminds users not to spend too much time in the bathroom.
It is a unique and functional sand timer that can be used as a gag gift for men, husband, dad, and fathers day gag. The timer is designed to send a clear message to bathroom users and help them get back to the people they are trying to avoid.
The timer runs for about five minutes, and if someone wants to sit for ten minutes, they can rotate it again.
Who is the founder of Katamco Toilet Timer?
Katamco, the limited liability company founded by Adam Stephey, is owned by him. He confesses that he has been a maker and designer since he was a child playing with Lego pieces.
What Was The Outcome Of The Katamco Toilet Timer Shark Tank Pitch?
Katamco Toilet Timer appeared on Shark Tank Season 12 Episode 7 and caught the interest of Mark Cuban.
The founders of Katamco Toilet Timers, Adam and Katie Stephey, demanded $200,000 in exchange for 10% equity in the company.
In the end, Mark Cuban invested in the company, but the exact amount of the investment is not disclosed. As of 2023, there is no recent update on the company’s progress after Shark Tank.
Did The Sharks Invest In Katamco Toilet Timer?
Yes, the sharks invested in Katamco Toilet Timer. Mark Cuban invested $200,000 for 25% equity in the company during the pitch on Shark Tank.
The founders of Katamco Toilet Timers demanded $200,000 in exchange for 10% equity in the company, and it is not clear if they accepted Mark Cuban’s offer or if he made a different offer.
However, the fact that Mark Cuban invested in the company suggests that the sharks did invest in Katamco Toilet Timer during the pitch on Shark Tank.
What Happened To Katamco Toilet Timer After Its Appearance At The Shark Tank?
After appearing on Shark Tank, Katamco Toilet Timer received a six-figure investment from Mark Cuban for 25% equity in the company.
The product gained popularity and sales began to pick up in 2019 during the holiday season. As of 2023, there is no recent update on the company’s progress after Shark Tank. However, the product is still available for purchase on the company’s website and on Amazon.
The Katamco Toilet Timer is a popular gift item for occasions such as Christmas, Father’s Day, stocking stuffers, white elephant, and birthdays.
How much were they asking on Shark Tank?
They were looking for $200,000 for a 10% stake in their company, which was valued at $2 million.
How much was the deal?
Mark offers $200,000 for 25% ownership of the business, but they never finalized.
Is Katamco Toilet Timer still in business?
Katamco Toilet Timer is still in business as of November of 2021. They’re running a successful website with various toilet accessories, including sand timers.
Does it work?
Yes, it works.
What is the price of Katamco Toilet Timer?
It cost $14.95 each and $19.99 for their book.
Is the Katamco Toilet Timer available in stores?
If customers want, they can go to their official website.
How is the business model of Katamco Toilet Timer?
Katamco Toilet Timer sells toilet accessories. They sell one timer for $14.99 and another for $19.99, which includes a tote bag, book, card, and a sand timer.
If a customer doesn’t want the pouch or wants more than one timer, he can purchase extra items separately for another $9.99 each.
Is Katamco Toilet Timer safe for investment?
The company has been successful, so it’s safe for investment.
Where does Katamco Toilet Timer source engine?
They source their printers from the United States and Canada.
Is Katamco Toilet Timer a profitable business?
As of November of 2021, the firm is running at a profit of $1 million in sales. They made that during the Christmas season of 2019 alone.
Does Katamco Toilet Timer accept PayPal?
Yes, they accept PayPal.
What is the warranty of Katamco Toilet Timer?
They offer a “30-day money back guarantee” and their product is covered by the “12-month manufacturer limited warranty.”
Is there any opportunity of Katamco Toilet Timer?
It’s a profitable business that is not dependent on the market, so there is an opportunity for investment.
Why was Katamco Toilet Timer rejected?
Katamco Toilet Timer was rejected by Daymond John for being too expensive for the potential return.
How many total copies does Katamco Toilet Timer make?
They sell around 5000 copies per week in 2021.
What are the total sales of Katamco?
They estimated that they made $1 million in the Christmas season of 2019 alone and have a net worth of $650,000 by the end of 2021.
What is the net worth of Adam Stephey?
The net worth of Adam Stephey is unknown.
