Myself Belts Shark Tank Net Worth 2023

Talia Goldfarb, the founder of Myself Belts, has a net worth of $750,000 as of 2022. The company’s estimated net worth is over $1 million.

Myself Belts appeared on Shark Tank Season 6 and made a deal with Daymond John for $75,000 in exchange for 25% equity.

What is Myself Belts? Who is the Founder of Myself Belts?

Myself Belts is a brand that produces belts designed specifically for children, allowing them to fasten their belts with one hand.

The belts feature colorful graphics and personalization options and were initially created for children aged 2 to 12.

After realizing that individuals with dexterity impairments could benefit from their products, Myself Belts also developed a line of belts for adults made of leather and available in various patterns.

Myself Belts offers belts made of different materials such as leather, webbing, canvas, and nylon, and they are both stylish and practical.

The belts are priced between $16.95 for children’s sizes and $28.95 for adult sizes and can be purchased on Amazon.

The concept for Myself Belts originated when Talia Goldfarb was toilet training her son and found that he needed a belt that he could fasten himself.

Unable to find a suitable product on the market, Talia worked with her sister Danielle to create Myself Belts, a patented invention that allows children to buckle and unbuckle their belts independently.

Since its establishment in 2004, the company’s mission has been to promote independence and self-esteem by enabling children to fasten and unfasten their belts on their own.

Myself Belts Shark Tank Pitch

In Season 6, Episode 7 of Shark Tank, Talia and her teenage assistant Tegan pitched their company Myself Belts to the Sharks, seeking a $60,000 investment for a 10% stake in the business, which would value the company at $600,000.

During the pitch, Talia explained how she came up with the idea for Myself Belts and outlined her plans for licensing and expanding into foreign sales. Tegan also demonstrated the product by distributing samples to the Sharks.

Mr. Wonderful raised the issue of the company having too many SKUs due to the various sizes of the product.

Talia revealed that she had sales of $205,000 the previous year, which had decreased slightly due to a focus on internet sales rather than retail.

The Sharks were critical of Talia’s lack of passion and her blaming of the economy for her sales struggles. Mr. Wonderful and Lori both decided not to invest, while Robert suggested that Talia needed to be more proactive in promoting her business.

Mark liked the product but felt that Talia lacked the drive to succeed, while Daymond saw potential in the business and offered $75,000 for a 25% stake, which Talia countered with a 20% offer. Eventually, Daymond accepted Talia’s counteroffer.

Since appearing on Shark Tank, Myself Belts has grown significantly and reportedly achieved licensing agreements with a major clothing accessory company, as well as achieving $5 million in yearly sales as of November 2021.

Daymond also hosted Talia’s company in an entrepreneur workshop on increasing internet sales, alongside other successful businesses that have appeared on Shark Tank.

What is the Net Worth of MySelf Belts?

The company has an estimated net worth of over $1 million.

Who are the Competitors of MySelf Belts?

There are no competitors identified for MySelf Belts.

MySelf Belts Shark Tank Episode Summary

Company/Product	Myself Belts
Shark Tank Episode	Shark Tank Season 6 Episode 7
Founder & Entrepreneur	Talia Goldfarb
Amount Asked For	$60,000 for a 10% stake in her business
Deal: Accepted Offer	$75,000 for 25% equity of the company.
The Shark Investor	Sharks Daymond John
Business Net Worth	$0.6 million  valuation
Business Status	The business is still in operations

Myself Belts Shark Tank Updates

Myself Belts is a line of belts for kids and adults that uses Velcro for a belt buckle, making it easy to fasten with one hand. The company was founded by Talia Goldfarb, who came up with the idea when her son was being potty trained and kept stretching his pants out when going to the bathroom.

She appeared on Shark Tank in season 6, seeking $60,000 for 10% of the business. Daymond John made a deal with her for $75,000 in exchange for 25% equity.

Since appearing on Shark Tank, Myself Belts has grown significantly and reportedly achieved licensing agreements with a major clothing accessory company, as well as achieving $5 million in yearly sales as of November 2021.

As of 2022, Talia Goldfarb has a net worth of $750,000, and the company’s estimated net worth is over $1 million. Myself Belts are currently on sale on Amazon. In an update segment in season 7, Daymond John hosted Myself Belts at an entrepreneurs workshop about increasing sales.

MySelf Belts FAQS

What Is Myself Belts And How Does It Work?

Myself Belts is a line of belts for kids and adults that uses Velcro for a belt buckle. It is a patented product that is the only one-handed belt on the market.

The founder, Talia Goldfarb, created Myself Belts when she found a need for a good kids belt when her son was being potty trained and kept stretching his pants out when going to the bathroom.

She couldn’t find a belt that he could use himself, so she collaborated with her sister, Danielle, to come up with a solution. The solution the sisters came up with was Myself Belts, a patented innovation in belts for kids. Anyone can fasten a Myself Belt with one hand.

Myself Belts has a one-handed patented closure that not only makes it easy to keep pants up, but also teaches and encourages your child’s independence. It helps make the school day easier for kids, parents, and teachers.

Myself Belts provide children with an “I did it by myself!” moment and parents with peace of mind. It is available in canvas with dozens of designs for kids and in leather for adults; they cost anywhere from $16.95 for the kid’s sizes to $28.95 for adult sizes.

Myself Belts are helpful for physical challenges, cognitive issues, and rehabilitation patients. It is also great for persons with dexterity issues or limited hand functions.

Who are the founders of MySelf Belts?

MySelf Belts was founded by Talia Goldfarb.

What Inspired The Creation Of Myself Belts?

Myself Belts was created out of necessity when Talia Goldfarb’s toddler needed a belt to keep his pants up after he was potty trained and wanted to be independent. Talia couldn’t find a belt that her son could use himself, so she collaborated with her sister, Danielle, to come up with a solution.

The sisters finalized the design and produced a patented, innovative belt for kids that is child-friendly and promotes independence. The belt has a one-handed patented closure that makes it easy to keep pants up and also teaches and encourages a child’s independence.

The first Myself Belts were geared towards kids with fun designs and personalized options, but they later came out with an adult line too.

What Was The Outcome Of The Myself Belts Shark Tank Pitch?

Myself Belts appeared on Shark Tank Season 6 and made a deal with Daymond John. Talia Goldfarb, the founder of Myself Belts, asked for $60,000 for 10% equity and received a deal of $75,000 for 25% equity with Daymond John.

The sharks were impressed with the product and its potential to help kids be more independent. Since appearing on Shark Tank, Myself Belts has built an estimated net worth of over $1 million and is doing $5 million in annual revenue.

Daymond John is even selling Myself Belts as part of his Shop.com collection, along with his other Shark Tank ventures. Myself Belts has been in business for 11 years and has seen success with revenue continuing to increase.

What Happened To Myself Belts After Its Appearance At The Shark Tank?

After appearing on Shark Tank, Myself Belts experienced a significant increase in website sales, with a 50% increase in sales.

Daymond John and his team helped the company secure a licensing deal with a large accessories manufacturer, and the company has new international distribution as well.

The exposure from Shark Tank has had a significant impact on the company’s growth, and it has an estimated net worth of over $1 million. The company has expanded its product line to include belts for adults and has continued to innovate with new products, such as a slide-on pouch to put masks in.

Myself Belts has been in business for 11 years, and while it only employs a few people, the company has seen success with revenue continuing to increase.

How are the belts made?

The belts are made of various materials such as leather, webbing, canvas, and nylon.

How much was she seeking in the Shark Tank?

She was seeking $60,000 for 10% of the company.

How did she do in the Shark Tank?

She landed a deal with Daymond John.

How much was the deal?

Daymond offered $75,000 for a 25% stake in MySelf Belts.

Did they closed the deal?

The transaction with Daymond was completed.

What is the official website of MySelf Belts?

The website of MySelf Belts is www.MySelfBelts.com

Where is MySelf Belts located?

MySelf Belts are located in Saint Louis, Missouri, United States of America.

When was MySelf Belts founded?

Myself Belts was founded in 2004.

When was MySelf Belts aired on Shark Tank?

Myself Belts was aired on October 31st, 2014.

How much does MySelf Belts costs to buy?

The cost of MySelf Belts is $24.95.

What is the business model of Myself Belts? How does Myself Belts make money?

My belts are sold at their physical store. They make money by making one-time sales. Customers of Myself Belts are B2C.

What Makes Myself Belts Unique?

Myself Belts sells the only one-handed belt on the market, which is patented. This mom-invented device is the easiest belt to tighten on the market and makes dressing a breeze! Their belts foster independence and help the day go more smoothly.

How do they decide which size to order?

When measuring their child’s waist, parents should measure where the pants lay on his or her body rather than the exact waist.

How are the Belts shipped and when can they expect their order?

However, if a belt is customized, it may take 7-10 days to delivery.

When they buy two or more belts, they get free shipment by first class mail (shipping in the USA only).

Their standard shipping method is US Mail (First Class).

First class postage (5-10 business days) costs $5.95, and Fedex (2-3 business days) costs $10.00. $1.00 for first-class mail

What is the net worth of Talia Goldfarb?

Talia Goldfarb’s net worth is unavailable.

Do Myself Belts shipped internationally?

Yes, MySelf Belts ships internationally.

Myself Belts Shark Tank Pitch Episode