Line Cutterz Net Worth
During his appearance on Shark Tank, Vance Zahorski revealed that the net worth of Line Cutterz was $363,636.36. This figure represented the total value of the assets that the company owned, minus any liabilities that it had.
At the time, Vance was seeking an investment of $120,000 for a 20% stake in the company. With this investment, he hoped to grow the business and increase its profitability.
Thanks to his successful pitch on Shark Tank, Vance was able to secure an investment from Daymond John. With Daymond’s help, Line Cutterz was able to expand its reach and grow its customer base. The company’s products are now sold in hundreds of stores across the United States, including Walmart.
Over the years, Line Cutterz has continued to innovate and expand its product line. In addition to its original ring cutter, the company now offers a range of other fishing accessories, including rods, reels, and clothing. As of May 2021, the company generates an estimated $1-$2 million in annual revenue.
What Line Cutterz and Who founded Line Cutterz?
Line Cutterz is a ring that simplifies and makes cutting fishing lines safer. The ring has a double-sided blade and an adjustable Velcro strap for cutting monofilament and a braided fishing line.
Additionally, Line Cutterz offers a hook puller ring that keeps hooks in place when tying fishing knots. The website also sells apparel, fish grips, lures, and fishing rods.
Vance Zahorski founded Line Cutterz after an incident in 2014 when he caught a shark that was caught in his fishing line.
While grappling with the catch, he dropped his knife into the sand, almost cutting off one of his toes. This close call inspired him to create the Line Cutterz ring, which allows for quick and safe cutting of fishing lines.
Line Cutterz Shark Tank pitch
After founding Line Cutterz in 2014, Vance Zahorski appeared on Shark Tank in hopes of securing investment in his fishing line-cutting ring. His rings, priced between $12 and $20, had already gained a large following in the fishing community, with $280,000 in sales made in just one year.
During his pitch, Vance offered a 20% stake in the company for $120,000. Despite concerns from the Sharks about competition and retail pricing, Vance accepted Daymond John’s offer of $150,000 for a 33% stake in the company.
Following the Shark Tank appearance, Line Cutterz saw a significant boost in sales and landed a spot in Walmart stores across the country. The product line also expanded to include new versions of the cutters, as well as fishing rods, reels, and clothing.
Vance even received a patent and launched the DBA Thread Cutterz for use in sewing, cross-stitching, knitting, and quilting. Today, Line Cutterz generates $1-$2 million in annual revenue and continues to grow.
Line Cutterz’s net worth
Line Cutterz’s net worth was $363,636.36 at the Shark tank.
Line Cutterz Shark Tank Updates
Line Cutterz is a fishing gear company that appeared on Shark Tank in Season 8 Episode 9. Vance Zahorski, the founder of Line Cutterz, sought $120,000 for 20% equity in his company. Daymond John made a deal with Zahorski, offering $120,000 for 33% equity in Line Cutterz.
The company sells fishing line cutters fitted with a double-sided blade that can cut both mono-filament and braided fishing lines. Line Cutterz also sells other fishing-related products such as cutting armbands.
Line Cutterz is still in business in 202. The company has more than doubled its investment one year after appearing on Shark Tank. The Line Cutterz fishing ring is now officially patented, according to the Amazon product page.
Shark Tank Recap reports that Line Cutterz is still going strong.
Summary Table: Line Cutterz Net Worth 2023
| TOPIC | INFORMATION |
| Company | Line Cutterz |
| Founder | Vance Zahorski |
| Product | Ring for cutting fishing lines, hook puller ring, fishing accessories, apparel, fishing rods |
| Shark Tank Pitch | Sought $120,000 for a 20% stake, accepted $150,000 for a 33% stake from Daymond John |
| Net Worth | $363,636.36 |
| Revenue | $1-$2 million annually (as of May 2021) |
| Success | Expanded reach, products sold in hundreds of stores including Walmart, patented product, still in business in 2023 |
| Update | Doubled investment within a year of Shark Tank appearance |
| FAQ | Line Cutterz is a fishing gear business that appeared on Shark Tank, ring costs $12, equipped with a double-sided blade that can cut both mono-filament and braided fishing lines |
Line Cutterz FAQS
What Is Line Cutterz Shark Tank?
Line Cutterz is a fishing gear business that appeared on Shark Tank in season 8, episode 10. Vance Zahorski, a lifelong fisherman, created the Line Cutters ring, a ring that quickly and safely cuts fishing lines without any other tools.
The ring is fitted with a double-sided blade that can cut both mono-filament and braided fishing lines. The company also sells other fishing-related products such as cutting armbands, flat mount cutters, zipper pulls, and custom products.
In the Shark Tank episode, Vance asked for $120,000 for 20% equity in his business. Daymond John made an offer of $120,000 for 33% equity, which Vance accepted. After the show, Line Cutterz more than doubled its investment within a year.
As of 2023, the company is still in business and selling its products. The LineCutterz is a handy fishing accessory that makes cutting fishing lines super easy and has turned this common hobby’s biggest problem into a successful business.
How Does Line Cutterz Shark Tank Work?
Line Cutterz is a fishing line-cutting ring that appeared on Shark Tank in Season 8 Episode 9. Vance Zahorski, the founder of Line Cutterz, sought $120,000 for 20% equity in his company.
The ring is equipped with a double-sided blade that can cut both mono-filament and braided fishing lines. The ring can be worn like a regular ring, so the fisherman has it on their person at all times. The product costs $12.
On Shark Tank, Vance Zahorski received an offer of $120,000 for 33% equity from Daymond John. After the show, Line Cutterz received a boost in sales and expanded its product line to include cutting armbands and other fishing-related products. As of 2023, Line Cutterz is still in business and has positive reviews from customers.
What Is The Current Valuation Of Line Cutterz Shark Tank?
Line Cutterz is a fishing gear company that appeared on Shark Tank in 2016 and secured a deal with Daymond John. Line Cutterz had a net worth of $600,000 before appearing on Shark Tank, and its net worth in 2021 was $1 million. As of 2022, Line Cutterz’s net worth was $3 million. Some sources speculate that the company collected between $1 million and $2 million in revenue in 2022.
During Vance Zahorski’s appearance on Shark Tank, he revealed that the net worth of Line Cutterz was $363,636.36, which represented the total value of the assets that the company owned, minus any liabilities that it had.
Vance was seeking an investment of $120,000 for a 20% stake in the company, and he was able to secure an investment from Daymond John.
What Happened To Line Cutterz Shark Tank?
Line Cutterz, a fishing gear company, appeared on Shark Tank in Season 8 Episode 9 in 2016. Vance Zahorski, the founder of Line Cutterz, was seeking $120,000 for 20% of his fishing line-cutting ring. Daymond John made a deal with Zahorski, offering $120,000 for 33% equity.
As of 2023, Line Cutterz is still in business and offers multiple line-cutting tools, including mountable and zipper pull cutters. The Line Cutterz fishing ring is now officially patented. Line Cutterz has been successful since appearing on Shark Tank, and Vance Zahorski has turned his hobby’s biggest problem into a business.
In summary, Line Cutterz secured a deal with Daymond John on Shark Tank in 2016 and is still in business as of 2023, offering multiple line-cutting tools and having patented the Line Cutterz fishing ring.
Who Owns Line Cutterz?
Vance Zahorski is the owner of Line Cutterz
What is Line Cutterz?
Line Cutterz is a ring that makes it easy and safe to cut fishing lines.
The ring, which costs $12, is equipped with a double-sided blade and adjustable Velcro strap and can cut mono-filament and braided fishing line.
Did Line Cutterz Get a Deal on Shark Tank?
On Shark Tank Season 8 Episode 9, Vance Zahorski accepted an offer of $120,000 for 33%, from Daymond John.
What episode was Line Cutterz on Shark Tank?
On Shark Tank Season 8 Episode 9.
Is Line cutters still in business?
Yes, it has continued to grow since its appearance on the show.
Which year did Line Cutterz invent?
Line Cutterz was invented in 2014.
How much does a Line cutter cost?
A line cutter costs $12.
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How much money did Vance Zahorski make from Line Cutterz?
In his Shark Tank pitch, Vance Zahorski said that he has made $280,000 in sales in a single year.
What is Line Cutterz’s cost?
A Line Cutterz ring costs around $1.60 to make and is sold for $12 per unit.
Is The Line Cutterz Ring One-Sized Fits All?
Yes. It has an adjustable velcro strap that will fit MOST finger sizes, from children to adults.
Does it have to be worn on a finger?
No, The Line Cutterz ring can be mounted to kayak seat posts, fishing rod handles, boat rails, tackle bags, personal flotation devices, and tackle bags.
Is Line Cutterz dangerous?
No, The Line Cutterz ring blades are recessed which makes it the safest line-cutting solution in the industry. No way to stab, poke or cut yourself like other knives and scissors.
Will Line Cutterz rust?
Even high-grade stainless steel will eventually oxidize or rust, however, the Line Cutterz ring maintains its cutting ability even when exposed to salt water for long periods of time since it doesn’t rely on moving parts.
What is it made out of?
It is made out of ABS Plastic with a high-quality German Stainless steel blade which has been treated with a titanium coating.
