Toilet Timer Shark Tank Net Worth (Before and After Shark Tank)

Have you ever found yourself spending too much time in the bathroom? Well, Adam Stephey has come up with a solution – the Toilet Timer. This 5-minute sand timer is designed to remind people to get out of the toilet and avoid excessive time-wasting.

Adam and his wife, Katie, founded Katamco, LLC, and launched the Toilet Timer as their first product. With its unique and humorous concept, the Toilet Timer quickly caught the attention of the Shark Tank investors.

Mark Cuban, the billionaire investor, saw potential in the Toilet Timer and offered $200,000 for 25% equity in the company. Despite initial skepticism from the other sharks, Adam and Katie accepted Mark Cuban’s offer.

The initial valuation of the Toilet Timer was $2 million, but after the deal with Mark Cuban, its net worth stood at $800,000. The appearance on Shark Tank proved to be a game-changer for the Toilet Timer, as it experienced a surge in sales and gained significant media coverage.

Today, the Toilet Timer is still in business, with Adam and Katie expanding their product line to include additional designs and accessories. They aim to achieve $1 million in total sales by the end of 2020.

Key Takeaways:

• The Toilet Timer is a 5-minute sand timer created to remind people to limit their time in the bathroom.
• Adam and Katie Stephey, the founders of Katamco, LLC, pitched the Toilet Timer on Shark Tank and received an investment from Mark Cuban.
• The original valuation of the Toilet Timer was $2 million, but after the deal, its net worth was $800,000.
• The appearance on Shark Tank resulted in a surge in sales and increased media coverage for the Toilet Timer.
• Adam and Katie aim to reach $1 million in total sales by the end of 2020.

What is the Toilet Timer and its Shark Tank Pitch?

The Toilet Timer is a unique sand-based timer designed to help people limit their time in the bathroom. Created by Adam and Katie Stephey, the founders of Katamco, LLC, this 5-minute timer serves as a playful reminder for individuals to be mindful of their time spent in the toilet.

When the Toilet Timer was pitched on Shark Tank, Adam and Katie sought a $200,000 investment in exchange for 10% equity in their company. However, it was Mark Cuban who recognized the potential of the product and made the only offer on the show. Cuban proposed a $200,000 investment for 25% equity, which Adam and Katie gladly accepted despite the skepticism from the other sharks.

Following its appearance on Shark Tank, the Toilet Timer gained significant attention and experienced a surge in sales. The episode, which aired on December 4th, 2020, not only boosted product sales but also garnered media coverage. As a result, the founders continued selling the Toilet Timer on their website and Amazon, expanding their product line to include multiple designs to cater to different customer preferences.

Shark	Investment Offer	Equity Stake
Mark Cuban	$200,000	25%

Despite the niche nature of the Toilet Timer, it has been successful in generating revenue without extensive marketing efforts. The founders aim to reach $1 million in total sales by the end of 2020 and have plans to expand their business to China and other parts of the world. With its humorous concept and growing popularity, the Toilet Timer remains a beloved product for those who struggle with time management in the bathroom.

The Impact of Shark Tank on the Katamco Toilet Timer

When the Katamco Toilet Timer appeared on Shark Tank, it experienced a remarkable boost in sales and gained significant recognition. Following its airing on the show, the product sold over 5,000 units in just one week. This surge in sales propelled the Toilet Timer into the spotlight, generating extensive media coverage and even landing features in popular magazines.

What’s impressive is that the Toilet Timer achieved this success without relying heavily on marketing efforts. With its unique concept and humorous appeal, it captured the attention of consumers who struggle with time management in the bathroom. As a result, the Katamco Toilet Timer continues to generate revenue and attract customers, proving that niche products can still thrive in the market.

The founders of Katamco, Adam and Katie Stephey, have set ambitious goals for their company. They aim to reach a total sales figure of $1 million by the end of 2020. With a valuation of $800,000 after securing a deal with Mark Cuban on Shark Tank, they are well on their way to achieving this milestone. Additionally, they have plans to expand their business to China and other parts of the world, capitalizing on the Toilet Timer’s popularity and unique appeal.

In conclusion, the success of the Katamco Toilet Timer on Shark Tank resulted in increased sales, media coverage, and recognition for the company. Its niche nature and humorous concept continue to resonate with customers, driving revenue and attracting new buyers. As the founders push towards their goal of $1 million in total sales, the Toilet Timer remains a popular and unique product for individuals seeking a lighthearted reminder to manage their time in the bathroom.