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 dates. 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 business and hence the company’s net worth is unknown.
Samson Martin Shark Tank Updates
Kim Preis appeared on episode 208 of Shark Tank to pitch her novelty maternity clothing line, Samson Martin. The line includes tee shirts and other apparel customized with the proud mother’s due date emblazoned across the chest.
Preis asked the Sharks for $50,000 in exchange for a 15% stake in her company. Her sales, to date, had been $1.4 million while working out of her basement. However, none of the Sharks made a deal with her.
Samson Martin has closed its doors. The company’s website and social media platforms lack reviews, suggesting that the company failed to achieve the breakthrough Kim hoped for.
After appearing on Shark Tank, Kim tried to revive her Samson Martin business, but it eventually folded.
Samson Martin Shark Tank Summary:
|Maternity clothing with humorous designs
|Appeared in Season 2, Episode 8
|$50,000 for 15% equity
|$1.4 million to date
|Company went out of business after Shark Tank
It is worth noting that the net worth of the company is unknown since it is no longer operational.
Samson Martin FAQs
What Is Samson Martin And How It Works?
Samson Martin is a maternity clothing line that creates humorous T-shirts and hoodies with the expectant mother’s due date emblazoned over the chest.
The founder of Samson Martin is Kimberly Preis, who appeared on Shark Tank in Season 2 Episode 9 seeking $50,000 for 15% of her due date maternity clothing.
Samson Martin’s sales peaked at $400,000 in a year, but they dropped by 3/4 due to the recession. The company declared bankruptcy in 2013 after seeing a significant drop in sales.
Kim Preis owns a trademark on the words “Due in,” which appears on most of her designs. Her current goal is to mass-produce the garments to reduce their sales price significantly and make them easier for her to market on a retail scale.
However, Kim is well aware that this is not a task she can easily perform independently.
Samson Martin’s unique idea made it a big brand in the maternity clothing market and made a total of $1.4 million.
Despite being out of business as of 2022, customers appreciated the business and its products. The clothing pieces weren’t the cheapest option on the market, and many customers found the T-shirts, tops, and hoodies unreasonably pricey.
Samson Martin was created to provide pregnant women with an excellent way of self-expression via clothing.
What Happened To Samson Martin After Shark Tank?
Kim Preis appeared on Shark Tank in 2013 to pitch her maternity clothing brand, Samson Martin. She asked for a $50,000 investment in exchange for a 15% stake in her company.
Although her sales to date had been $1.4 million, only Kevin O’Leary was interested in investing, but he ultimately declined after the show, Preis tried to revive her business, but ultimately Samson Martin went bankrupt.
The company’s website and social media accounts have been outdated since 2013, and it appears that the business has closed its doors.
It is unclear what happened to Kim Preis after Samson Martin went out of business. There is no information available on her current endeavors or net worth.
What Is the Net Worth of Samson Martin after Shark Tank
The net worth of Samson Martin after Shark Tank is unknown because the company appears to have gone out of business. During the pitch on Shark Tank, the company was valued at $333,333 based on various factors such as its assets, revenue, and potential for growth.
The founder, Kim Preis, was seeking a $50,000 investment in exchange for a 15% equity stake in the company. However, she did not secure a deal from the Sharks. The company made around $1.4 million in sales, but its sales had gone down due to the recession.
After the episode aired, Preis admitted to being disappointed in not being able to make a deal with the Sharks. As of 2022, the company appears to have closed its doors.
Is Samson Martin Still In Business?
No, Samson Martin is no longer in business. The company was headquartered in Chicago and was sold to a Minneapolis firm. Kim Preis founded the company and appeared on Shark Tank in episode 208 to pitch her quirky maternity clothes business.
She was seeking $50,000 for 15% equity in the business but did not secure a deal from the Sharks. After appearing on Shark Tank, Preis tried to revive her Samson Martin business, but it eventually folded.
Samson Martin’s official website and social media accounts have been outdated since 2013.
How much was seeking on Shark Tank?
Preis was seeking $50,000 for 15% equity in the business.
Did she have the deal?
No, Kim did not secure a deal from the Sharks.
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.