Samson Martin Shark Tank Net Worth 2023
The given statement describes that at the time of a pitch, Samson Martin, a company, was valued at $333,333.
This means that the company was believed to be worth that amount of money based on various factors such as its assets, revenue, and potential for growth.
However, after the pitch, the company went out of business, which means it was no longer operational. As a result, it’s unclear what the current net worth of the company is since it no longer exists as a functioning business.
What is Samson Martin? Who is the founder of Samson Martin?
Samson Martin is a company that specializes in creating maternity clothing with a humorous twist, including T-shirts and hoodies featuring the pregnant mother’s due date on the front.
These garments offer a solution to the common problem of pregnant mothers being repeatedly asked about their due date. With the due date or delivery season inscribed on the front of the garment, individuals can get the answers they seek without having to ask.
Kimberly Preis, the founder of Samson Martin, is a former Senior Stylist and Custom Sales Manager at Trunk Club who holds a Bachelor of Arts in Advertising from Michigan State University. She has also served as the Senior Sales Accounts Executive at PartySlate.
Preis believes it is important to provide pregnant women with a way to express themselves through their clothing. She recognized that there were not enough style options available for expectant mothers who want to feel confident and attractive in their clothes. As a result, she launched Samson Martin, a novelty brand of maternity clothing that offers unique alternatives for pregnant women.
Initially, Samson Martin did well in the market, with Preis distributing her maternity clothing to premium retailers in her area. However, with the recent economic recession, it has become more challenging to sustain sales.
Preis’s current goal for the company is to begin mass producing the garments to reduce the cost and facilitate wider retail distribution of the Samson Martin brand.
Samson Martin Shark Tank Pitch
Kim Preis made an appearance on episode 208 of Shark Tank to pitch her quirky maternity clothes business called Samson Martin.
She sought a $50,000 investment for a 15% stake in her business, which was valued at $333,333. Despite her impressive sales of $1.4 million to date, the Sharks had mixed reactions to her proposal.
Preis explained that she needed assistance in establishing a lower price point for mass manufacturing and entry into the retail sector. She also shared that her sales had fallen by 3/4 due to the recession.
Her trademark for the phrase “Due in” was a significant selling point, but some Sharks doubted the narrowness of her particular market and the effectiveness of her branding.
After much deliberation, only Kevin O’Leary was interested in making a deal, but he ultimately backed out due to his belief that the market was too small for a profitable investment.
Despite continuing to use her brand, the recession proved to be an insurmountable obstacle for Samson Martin, and the company eventually closed its doors. Kim Preis has since moved on and is currently employed as a Fashion Stylist at Behold as of July 2021.
Net Worth of Samson Martin
The company was valued at $333,333 during and after the pitch. Since then the company went out of the business and hence the company net worth is unknown.
Samson Martin FAQs
What is Samson Martin?
Samson Martin is a feminine maternity clothing brand that offers trendy alternatives to the traditional boring options available in stores.
The company is designed to assuage the needs of pregnant women who want something more out of their apparel.
Who is the founder?
Kimberly Preis founded the company and owns it.
How much was seeking on Shark Tank?
Preis was seeking for $50,000 for 15% equity in the business.
Did she have the deal?
No, Kim did not secure a deal from the Sharks.
Is Samson Martin still in business?
No, Samson Martin is no longer in business.
Where was Samson Martin located?
The company was headquartered in Chicago and it was sold to the Minneapolis firm, Behold.
Was Samson Martin a scam?
No, Samson martin was not a scam.
What is Samson Martin’s phone number?
The company doesn’t have a phone number.
What are Samson Martin’s products?
Samson Martin offers fashionable maternity clothing for women who want something more out of their wardrobe in terms of style and design than what is available in traditional maternity clothing stores. The designs feature a wide variety of colors, prints, and styles.
Why was Samson Martin created?
Preis created her brand to supply pregnant women with better clothing choices that currently are not offered in the marketplace due to their lackluster appearance and features.
Was Samson Martin on Shark Tank?
Yes, the episode was on season 2 episode 208.
What problems does Samson Martin solve?
Many women feel very uncomfortable when they are asked numerous questions surrounding their pregnancy.
Pregnant women frequently get bored wearing clothes that exclusively cover their baby bump, so they put on outfits with large holes in order to show off their reproductive organs, which can be embarrassing and distracting.
Was Samson Martin shipping?
The company was not currently shipping.
Was Samson Martin selling?
Yes, the company was selling through a variety of online retailers including Nordstrom, Amazon and Zippos.
What were the payment methods of Samson Martin?
The company accepted PayPal, credit cards and checks as forms of payment.
Where is Kim Preis now?
Preis is now employed as a fashion stylist for Behold, which is in the same market as Samson Martin.
What is the net worth of Kim Preis?
The net worth of Preis is $1.5 million.