Ta-Ta Towel Shark Tank Ney Worth 2023
Since its appearance on Shark Tank, the company has experienced significant growth and success, resulting in increased sales and a rise in its valuation in 2021.
During its pitch on Shark Tank America on October 14, 2018, Ta Ta Towel was valued at $2 million. As of 2023, the company’s net worth is around $2 million.
Ta Ta Towel has secured additional funding and partnerships, contributing to its estimated net worth of $2 million.
What is Ta-Ta Towel?
The Ta-Ta Towel is a clever solution created by female entrepreneur and fashion industry veteran Erin Robertson to address the issue of public nudity concerns while breastfeeding.
The product features discreet pockets to hold essential items such as a smartphone, keys, and credit cards, which can be accessed easily while breastfeeding. Additionally, the towel is machine washable and available for purchase at $45, including shipping and handling.
In 2015, Erin Robertson founded the company to provide a practical and fashionable solution for thousands of women who want to breastfeed in public without worrying about flashing others.
The Ta-Ta Towel has been designed to meet this need, along with the added benefit of pockets for holding essential items.
Erin Robertson’s inspiration for creating the Ta-Ta Towel came from personal experience with breast perspiration. One hot LA evening, while getting ready for a date, her air conditioner was broken, and her breasts were sweating profusely. She tried various strategies to dry herself off, but nothing worked.
During her date, she couldn’t stop thinking about her sweaty breasts, and later that night, she came up with the idea for the Ta-Ta Towel.
After creating prototypes and distributing them to her colleagues, Erin Robertson copyrighted her design and began selling the Ta-Ta Towel for use at the spa, gym, or for everyday wear.
Each towel is handcrafted using the softest cloth available and comes in a range of colors and designs, with prices ranging from $35 to $45. Quantities are limited due to the handmade nature of each towel.
What Happened to Ta-Ta Towel at Shark Tank pitch?
Erin Robertson needed to expand her production to meet the demands of a larger market after inventing the Ta-Ta Towel, and she turned to Shark investors for help.
Appearing on Shark Tank, Erin pitched her $2 million company and asked for $200,000 in exchange for 10% ownership. Her product was designed to keep women’s breasts high and dry, and she demonstrated it on three models on stage while passing out samples.
The Sharks were intrigued by her design patents and trademarks, but were concerned about her stock of 10,000 handmade towels. Lori offered $200,000 for 50% ownership, but Erin countered with $200,000 for 40% ownership at a $500,000 valuation. Eventually, Lori and Erin reached a deal.
However, after the show, the deal with Lori fell through. Nevertheless, the company sold 10,000 units and continued to produce towels in Los Angeles. The product’s popularity resulted in increasing sales, which reached $1 million in 2021.
Today, Ta-Ta Towel is available for purchase on their website and Amazon, and the company continues to grow.
Net Worth of Ta-Ta Towel
The company was valued at $2 million during the pitch, currently the company have made a lot of sales which makes the company valuation to increase in 2021.
Ta-Ta Towel FAQs
What is Ta-Ta Towel?
Ta-Ta Towel is a product designed to keep breasts dry. The product was designed by female entrepreneurs and veterans, Erin Robertson.
Who is the founder?
The founders of Ta-Ta Towel are Erin Robertson, the company was founded in 2015 and has design experience and both of them own a fashion company.
What is her offer on Shark Tank?
Erin Robertson appears on Shark Tank, seeking $200,000 in exchange for 10% ownership of a $2 million valuation.
Did she get the offer?
Yes, she received $200,000 in exchange for 40% ownership of the firm valued at $500,000.
What happened to Ta-Ta Towel after Shark Tank?
The transaction with Lori never finalized after Erin Robertson’s celebration on the pitch.
Is still in business?
Yes, the company is still in business and they sold 10,000 units, and some of the goods are now available on Amazon as well as on their website.
How much her company value after Shark Tank?
The company was valued at $2 million during the pitch, currently the company have made a lot of sales which makes the company valuation to increase in 2021.
Can you work for Ta-Ta Towel?
Yes, one can apply for a job at Ta-Ta Towel.
Where is the headquarters?
The headquarters is located in Los Angeles, California.
Where can I order Ta-Ta Towel?
The company offers the towels direct from their website and amazon.com, and they can be purchased online.
Is safe to buy online?
Yes, the sale is safe since they sell directly from their website and amazon.com.
How can I get Ta-Ta Towel?
One can buy the towels on the official website, or one can order it by clicking on the amazon link.
What is Ta-Ta Towel made of?
The company sells different towels; each one is made of cotton and designed in Los Angeles. The different colors are available including pink, purple, green, grey etc.
Is it profitable?
The company is growing in sales and expected to be profitable by 2021.
How can I contact them?
Contact for customer service or support at [email protected]tata-towel.com
Can I make money with Ta-Ta Towel?
Yes, one can make money with Ta-Ta Towel through different methods including affiliate program, reselling the product and joining the business opportunity.
How do I pay?
The company accepts credit card, debit card, eCheck, PayPal etc.
Is it available offline?
No, the product is available online only.
Is it cheaper online?
The price of the product will depend on the sales and where customer is buying from.
How is the business model?
The business model is a cash-flow based model. The company intends to generate positive cash flow from sales and increase in sales.
Why should I buy from Ta-Ta Towel?
One should buy the product because the company offers different things like towels, body oils, scrubbing gloves and creams.
Is it an MLM?
The business opportunity is an MLM since it intends to make money for people by selling their products online.
The product can be sold through different methods including website advertisement, affiliate program, reselling the product and joining the business opportunity.
What is the net worth of Erin Robertson?
The net worth of Erin Robertson as an individual is unknown.
What was Erin Robertson’s salary on Shark Tank?
The salary of Erin Robertson is not known.
