Katamco Toilet Timer Shark Tank Update | Katamco Toilet Timer after Shark Tank
What is Katamco Toilet Timer?
Katamco Toilet Timer is a one-of-a-kind brand in the Greater Bloomington, Illinois creative sector. This is a one-of-a-kind timer that generates a “poo-castigator” sound in the toilet to make people feel like they’re wasting time.
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.
When Adam was in his teens, he used to assist his grandfather manufacture furniture. Adam is a self-taught 3D drafter as well.
This was the start of his design entrepreneurial venture. Adam lives in the same house with his wife, Katie, and their three children. And he’s still coming up with new products to sell on his website.
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.
Adam is a serial inventor, tinkerer, and business owner. As a kid, he began learning about 3D drafting by helping his grandpa create furniture.
He’s created an app for recovering alcoholics, cleaning items for video game consoles, and now The Toilet Timer.
Katie suggested the idea after telling Adam that he spent too much time on the pot, generally browsing on his phone. To restrict toilet time, Adam devised a five-minute sand timer. A 3D printer was used to create the initial prototype.
The timer functions similarly to an hourglass sand timer, except that the sand at the top is within a man’s abdomen and the sand at the bottom is a toilet. There is a female variant as well.
After some deliberation, he decided to produce and market the product. Back in July of 2017, he launched the company with a successful Kickstarter campaign that raised $23,868.
A year later, they failed to fund when Dad Goes Poo, a book of “poems to excite poo-castigators” that is now available on Amazon.
The timers are $14.99 each, and the book is $19.99. This is his “parent business,” Katamco, first product. Given Adam’s expertise in 3D printing, he is likely to release additional goods in the future.
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What Happened to Katamco Toilet Timer at Shark Tank pitch?
Adam and his wife decided to pitch their invention to Shark Tank investors in order to help their business succeeds.
Katie walks into the Tank and informs Andy that he is in the bathroom with his phone. She claims it’s been forty minutes.
He steps up and unveils the Toilet Timer. They were looking for $200,000 for a 10% stake in their company, which was valued at $2 million.
The Sharks are rolling their eyes at the pitch. According to Andy, it’s a useful gag present. They have a video of a gastroenterologist talking about the negative health repercussions of going to the bathroom for an extended period of time.
They made $250,000 in sales during the Christmas season of 2019. Each item costs little less than $3 and retails for $14.95.
Amazon accounts for the vast majority of sales. If he doesn’t obtain a contract, his estimates for 2020 are $1 million since he only has the money to acquire that much stuff.
He intends to spend $70,000 on a higher-volume production line and the remaining funds on inventory. Lori advises against giving money to the factory.
Lori thinks they’re fantastic and believes that many people will buy them, but it’s not something she can blow up; she’s out.
Kevin believes that $200,000 is too expensive for this product and has decided to quit from the deal. Daymond is pleased, but it doesn’t strike a chord with him; he’s out.
Mark enjoys it. He makes an offer of $200,000 for 20% equity in the firm, which Andy promptly accepts, and they exits pitch with a deal.
What Happened to Katamco Toilet Timer after Shark Tank?
Adam and Katie despite celebrating of the deal during the pitch, the deal with Mark never completed, and they sold over 5000 copies in a week after the intended show date. The Toilet Timer from Katamco is still in operation and has a working website.
They offer various amusing designs to pick from, all of which have a sand counter. They also sell extra items, such as a children’s book and greeting cards, which are usually offered as part of a gift set.
Founder Adam Stephey is still with the firm, and the Toilet Timer is available on Amazon. They have around $1 million in sales for the year as of November 2021.
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 FAQs
What is Katamco Toilet Timer?
Katamco Toilet Timer is a one-of-a-kind timer that generates a “poo-castigator” sound in the toilet to make people feel like they’re wasting time.
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.
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.
Did they get the deal?
Yes, they got a deal from Mark.
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.
