NicePipes Shark Tank Net Worth
Nicepipes is a brand that sells stylish leg and arm warmers. The company was valued at $1 million when it appeared on Shark Tank in 2016, but its net worth has since grown to an estimated $5 million.
According to Owler, the company made about $4.4 million in the previous year.
What is NicePipes and Who is the Founder of NicePipes?
NicePipes is a company that offers various high-leg and arm warmers in a wide range of colors and designs, including thigh-high and knee-high leg warmers. These products are particularly useful for women’s workout routines due to their moisture-wicking properties and UV protection.
Lisa Binderow, a mother, wife, and dedicated yoga practitioner founded NicePipes in 2014. She received numerous inquiries about her clothing from students and instructors at her yoga school, prompting her to create her own business.
Binderow spent seven years in New York City as a fitness trainer and program manager at a national chain yoga studio. During this time, she realized that conventional wool and acrylic leg warmers were inconvenient on her skin and that her yoga attire did not provide adequate protection from the elements.
Binderow frequently wore her yoga clothing while running errands in the city and didn’t want to invest in new training clothes. To solve this issue, she molded and cut her yoga bottoms into leg and arm warmers.
After receiving numerous requests from interested buyers, Binderow quit her job and founded NicePipes. Her products have performed well on Amazon, with arm warmers costing $32, knee-high leg warmers costing $42, and thigh-high leg warmers costing $46. They come in a variety of colors and designs and offer slight compression.
NicePipes Shark Tank Pitch
In season 8, episode 13 of Shark Tank, Lisa Binderow pitched NicePipes and requested a $100,000 investment in exchange for a 10% ownership stake, which would value the company at $1 million.
She showcased her leg and arm warmers, which offer several benefits for women’s exercise routines, such as moisture-wicking and UV protection.
The items come in a range of colors and designs, with thigh-high and knee-high options available. Lisa explained that she sells them for $42 and creates them for between $7.50 and $10. She also revealed that they were handmade in Los Angeles and sold both online and through retail outlets.
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During the pitch, Robert questioned Lisa about her sales figures, and she revealed that she had made around $80,000 in sales during the previous winter. However, Kevin did not believe the product was proprietary, and Mark and Robert expressed doubts about the company’s valuation.
Lori admired Lisa and her business but decided not to invest. Barbara offered $100,000 in exchange for 40% of the company, but Lisa declined the offer, stating that she could not give up such a large portion of her business.
Despite not receiving an investment from the Sharks, NicePipes has continued to grow and sell its products online and in yoga classrooms.
As of November 2021, the company’s yearly sales were reported to be $4 million. Lisa remains content with her balanced life of operating her company and teaching yoga, and she reflects that it was not worth it for her to give up 40% of something she had worked so hard on.
NicePipes Shark Tank Updates
NicePipes Apparel is a company that makes yoga-inspired leg and arm warmers. The founder and CEO, Lisa Binderow, appeared on Shark Tank in Season 8 Episode 13 seeking $100,000 for 10% of her company.
She explained how and why she invented the leg and arm warmers and handed out samples to the Sharks. She revealed that the company had done $80,000 in sales and was available online and in 14 different stores. However, none of the Sharks made an investment in NicePipes Apparel.
As of January 2023, NicePipes Apparel is still in business with annual revenue of $4 million. The company directs its customers to online marketplaces. However, it is unclear whether the company is still actively trying to expand as none of its social media pages have been updated since 2018.
Lisa Binderow has claimed that her experience on Shark Tank taught her that she was braver than she had previously believed and that the life of an entrepreneur is not for the faint of heart. She also claimed that she is content with the existing setup and market standing of NicePipes.
Nicepipes Shark Tank Net Worth
| INFORMATION | DETAILS |
| Company Name | NicePipes |
| Product | Leg and arm warmers |
| Founder | Lisa Binderow |
| Shark Tank Pitch | $100,000 for 10% |
| Valuation | $1 million in 2016 |
| Net Worth | $5 million |
| Annual Revenue | $4 million (as of Nov 2021) |
| Competitors | None identified |
NicePipes Net Worth
Sites such as Owler state that the company’s net worth is around $5 million.
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NicePipes Competitors
There is no competitor identified for NicePipes.
NicePipes FAQS
What Is Nicepipes Shark Tank?
NicePipes is a line of the yoga-inspired leg and arm warmers created by Lisa Binderow. The warmers are designed to keep you warm before, during, and after every workout. They are made in the USA and offer mild compression, sweat-wicking, and no slippage.
NicePipes appeared on Shark Tank in 2016, with Lisa seeking $100,000 for 10% of the company. She explained how and why she invented them and handed out samples as the Sharks asked questions.
Lisa revealed that she sells them for $7.50-$10 and that all products are made in the USA.
According to a Shark Tank update in 2023, NicePipes was available online and in 14 different stores.
The company had done $80,000 in sales, and Lisa had invested $300,000 of her own money into the business. However, the update also revealed that the company has since folded, and none of its social media pages have been updated since 2018.
How Does Nicepipes Shark Tank Work?
NicePipes is a company that produces leg and arm warmers made from sweat-wicking fabric, similar to yoga pants. The founder, Lisa Binderow, created the product to keep warm after yoga classes during the cold winter months.
In 2016, Lisa appeared on Shark Tank seeking $100,000 for 10% equity in her company. She explained that NicePipes were available online and in 14 different stores, and the company had generated $80,000 in sales. However, none of the Sharks made a deal with her.
Despite not receiving an investment from the Sharks, NicePipes is still in business and generates around $4.4 million in revenue annually.
The company directs its customers to online marketplaces. NicePipes come in a variety of colors and patterns and offer mild compression. The product is made in the USA and costs between $7.50 and $10 to produce.
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What Happened To Nicepipes After Shark Tank?
NicePipes is a yoga and comfort apparel brand that was founded by fitness and yoga instructor Lisa Binderow. The company appeared on Shark Tank in 2016, seeking $100,000 for 10% equity. However, none of the Sharks made a deal with Lisa.
Despite this setback, NicePipes is still in business and selling its products. As of January 2023, the company has an annual revenue of $4 million.
Lisa Binderow is happy with her balanced life of running the business and teaching her yoga classes. She declined Barbara Corcoran’s offer of $100,000 for 40% equity, contingent on a partnership with Grace and Lace. Lisa did not want to give up 40% of something she worked so hard on.
There are conflicting reports on the current net worth of NicePipes. The company’s net worth is around $5 million.
However, Republic World reports that the details regarding NicePipes’ net worth in 2021 have not been revealed by the officials, nor do any financial sites of reput have an estimation of the same as of this writing.
Despite not making a deal on Shark Tank, NicePipes is still selling its products online and in stores. The company’s website is still up, and it has steady sales on Amazon and in yoga studios.
Is The Nicepipes Shark Tank Still In Business?
NicePipes Apparel is a company that appeared on Shark Tank in 2016, is still in business as of January 2023. The company generates around $4 million to $4.4 million in revenue annually and directs its customers to online marketplaces.
However, one source suggests that the company may have folded since its appearance on Shark Tank. The company’s social media pages have not been updated since 2018, and there is no recent news about the company’s activities.
During its appearance on Shark Tank, NicePipes Apparel sought $100,000 for 10% equity in the company. The Sharks were disappointed with the company’s sales and valuation, causing Kevin O’Leary and Robert Herjavec to go out.
Mark Cuban advised the founder to focus on increasing sales numbers, while Lori Greiner offered some words of encouragement.
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Barbara Corcoran offered $100,000 for 40% of the company, contingent on NicePipes partnering with Grace and Lace, but the founder declined the offer. As of January 2023, the founder of NicePipes Apparel, Lisa Binderow, still owns 100% of the company.
What Is The Current Valuation Of Nicepipes After Shark Tank?
NicePipes is a company that makes clothing with a yoga theme, including leg and arm warmers that are designed to stay in place while working out and wick away sweat.
The founder of NicePipes, Lisa Binderow, appeared on Shark Tank in 2016 seeking an investment of $100,000 for 10% equity in the company.
At the time of the show, NicePipes had only made $80,000 in sales, but Binderow valued the company at $1 million. None of the Sharks made a deal with NicePipes.
Since appearing on Shark Tank, NicePipes has continued to grow and sell its products online and in yoga classrooms.
As of 2022, the net worth of NicePipes is estimated to be above $4 million. A business insights platform, the company’s net worth is around $5 million. In November 2021, the company’s yearly sales were reported to be $4 million.
Despite not receiving an investment from the Sharks, Lisa Binderow remains content with her balanced life of operating her company and teaching yoga.
How much was she asking in the Shark?
She was seeking $100,000 for 10% of the company.
How much did get from the Sharks?
Lisa Binderow declined to give 40% of the company in return for $100,000 from Barbara and leaves the Tank without a deal.
Can they work out in their NicePipes?
Yes! And when they warm up, it’s extremely simple to peel them off and place them in their NicePipes pouch.
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What does one size fit most mean?
NicePipes are designed to fit a range of leg and arm sizes.
Due to the Supplex fabric’s ability to expand beyond its real proportions, one size fits most legs and arms.
What is the washing situation?
Cold machine wash. Tumble dry on low heat and avoid fabric softeners, which can degrade the fabric’s ability to wick away moisture.
Do not iron, and they emphasize this point.
What is this magical fabric they call Supplex?
Supplex mixes the feel of cotton with current technology to create a breathable, moisture-wicking, durable fabric that maintains its shape and color and dries quickly.
What is their return policy?
They are overjoyed that they have chosen to incorporate NicePipes clothing into their training regimen.
They stand 100% behind their stuff. If customers are not totally pleased, they will gladly exchange it for something else they adore or receive a refund in the form of the product’s worth.
They must initiate their return or exchange by contacting help@nicepipesapparel.com.
Where can they find NicePipes?
They can find them on their website, Facebook, Twitter
How much is the net worth of NicePipes?
According to Owler, the net worth of NicePipes is approximately $5 million.
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Where are NicePipes located?
NicePipes is manufactured in Los Angeles, California.
How are NicePipes rated?
NicePipes is rated 4.5 out of 5 on Amazon.
What made materials is NicePipes made of?
The products are made of Supplex, a water-repellent, stretchable fabric that dries quickly and resists odor.
What is the net worth of Lisa Binderow?
Lisa Binderow’s projected net worth as of 2021 is $1 million.
Is NicePipes successful?
NicePipes has been in existence for about five years, and the company has purportedly made millions of dollars since its creator debuted on Shark Tank.
What is the net worth of NicePipes Apparel?
NicePipes Apparel’s net worth is approximately $5 million.
