The Swilt Net Worth
The Swilt is a hooded sweatshirt/blanket combo that was pitched on Shark Tank. The company’s estimated net worth as of 2022 is zero. The product was offered $35,000 in exchange for a 35% equity stake in the company during its Shark Tank appearance.
What is The Swilt and Who Founded The Swilt?
The Swilt is a unique sweatshirt blanket that doubles as a portable, wearable blanket. The blanket section can be unsnapped to keep you warm and snug, and the sweater also features a foot pocket that is lined for water resistance and easy cleaning.
The Swilt is similar in concept to the popular Snuggie, but it has a hooded sweatshirt design instead of the traditional blanket-with-sleeves style.
The quilted section of the Swilt can be rolled up and discreetly stored within the sweater, making it a great choice for busy moms, sports fans, and anyone who wants the convenience of a wearable blanket.
The founder of The Swilt is Tennelle Flowers, who has sold approximately 100 units of the product at local flea markets and other events. Tennelle is confident that people would love The Swilt if only they knew about it.
The Swilt Shark Tank Pitch
During the pitch, Tennelle offered $35,000 in exchange for a 35% stake in the company, valuing it at $85,714.29. She demonstrated the product’s features, including a water-resistant foot compartment and a pocket for easy storage.
The Sharks seemed impressed by her presentation and upbeat personality, but they quickly began asking tough questions. Robert Herjavec asked about the poor sales, and Mark Cuban criticized the product’s design, comparing it to medieval clothing.
Despite Tennelle’s attempts to make a deal, none of the Sharks were interested in investing. The website for The Swilt has since gone inactive, and social media has not been updated in several years.
To succeed in the Shark Tank, Tennelle needed to demonstrate proof of concept, such as successful retail sales and partnerships, and secure a patent for the product. Without these, entering the Shark Tank with an unproven product, poor sales, and a weak marketing plan was a recipe for failure.
Sadly, The Swilt did not survive the Shark Tank’s sink-or-swim proposition.
The Swilt Net Worth
Tennelle enters the Tank and offers $35,000 in return for 35% of the company. This shows a valuation of 85,714.29.
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The Swilt Competitors
There is no competitor.
The Swilt FAQS
Who founded The Swilt?
Ivori Tennelle.
What is The Swilt?
The Swilt is a combination sweatshirt blanket that can accompany them wherever they go. Unsnap the blanket section and they’ll be completely toasty and comfortable.
Did The Swilt secure an investment from the Sharks?
Ivori came to the Tank seeking $30,000 for 35% stake but she didn’t make a deal with any of the Sharks.
What happen to The Swilt after the Shark Tank Pitch?
The Swilt’s website went inactive after appearing on Shark Tank Pitch and social media has not been updated in several years.
What were the weaknesses of The Swilt?
There was no sales and it had poor visibility.
How much is The Swilt worth?
She came to the Tank seeking $30,000 for 35% stake meaning $85,714.29.
What was the profitability of The Swilt?
There were no profit margins mentioned.
What are the features of The Swilt?
It was a comfortable blanket that they can wear like a jacket.
How will The Swilt improve life of people?
The Swilt could help people stay warm during sporting events or while they’re out and about.
What is the target market for The Swilt?
It could be marketed to those who enjoy sports, individuals who tend to get cold easily and people who need a blanket that they can carry with them.
What was the best moment during The Swilt pitch?
She gave a demonstration of how it works on her. It was very appealing and took the judges by surprise.
What was the worst moment during The Swilt pitch?
She got questions from the Sharks that she couldn’t answer.
How were The Swilt’s sales?
She didn’t have any sales to show the Sharks.
What is the gender of The Swilt?
It’s not a specific gender, it’s a gender-neutral product.
Are they searching for The Swilt available for sale?
No, sadly, they cannot buy one right now. They can only purchase it from their website which has been inactive since appearing on Shark Tank Pitch.
Is The Swilt design patent pending?
No, it doesn’t have a patent pending.
Which sharks have an interest in The Swilt?
No. Sharks were interested with The Swill.
What did the advisors say about The Swilt?
They thought that Tennelle should have a marketing plan and sales strategy in place if she’s going to keep the product on its feet.
Is The Swilt an amazing product?
Its design is not amazing, it looks like a normal blanket.
When was The Swilt aired on the Shark Tank Pitch?
It aired on February 10th, 2012.
Did they like The Swilt Shark Tank pitch?
No, it was a failure. Sharks didn’t think that the product was interesting.
