Umano Shark Tank Net Worth (Before and After Shark Tank)

Umano, a t-shirt company founded by brothers Alex and Jonathan Torrey, made waves on the popular TV show Shark Tank. With their unique business model and commitment to social entrepreneurship, Umano caught the attention of investors and viewers alike.

Before their appearance on Shark Tank, Umano had a net worth of $1 million. However, their journey on the show propelled their success even further. Let’s take a closer look at the impact Shark Tank had on Umano’s net worth, their founders, and the future of the brand.

Key Takeaways:

• Umano’s net worth before Shark Tank was $1 million.
• The founders, Alex and Jonathan Torrey, aimed to empower children through their t-shirt company.
• During their Shark Tank pitch, they received a $150,000 investment from Mark Cuban and Lori Greiner.
• Umano’s popularity grew after their appearance on the show.
• In March 2017, the founders decided to leave the brand and pursue new ventures.

Umano Clothing and the Founders

Umano Clothing is a company founded by brothers Jonathan and Alex Torrey in 2011. Their mission was to empower and assist children through the production of t-shirts featuring children’s artwork. Despite having no prior experience in the fashion industry, the Torrey brothers successfully launched their business and gained recognition for their commitment to social entrepreneurship.

The shirts produced by Umano Clothing are made from sustainably sourced materials, aligning with the company’s dedication to ethical production practices. However, what sets Umano apart is their commitment to giving back to the community. With every purchase of a Umano t-shirt, the company donates a bag of art supplies to a child in need, promoting creativity and self-expression.

Through their innovative approach and dedication to their cause, the Torrey brothers were able to grow their business rapidly. They achieved this by leveraging a successful Kickstarter campaign, which allowed them to expand their reach and get their products into major retailers like Bloomingdales. Today, Umano Clothing can be found in niche shops across the country, spreading their message of social entrepreneurship.

The Founders

The founders, Jonathan and Alex Torrey, have demonstrated their entrepreneurial spirit and commitment to making a positive impact on society. While Umano Clothing is no longer in operation, the Torrey brothers have continued to pursue their passions in other ventures. Alex has ventured into the world of local delivery with his business called Mlkmn. Jonathan, on the other hand, has founded AMHC, a property management firm specializing in factory-built housing projects.

Although Umano Clothing may no longer be active, its legacy lives on as an example of how a social entrepreneurship endeavor can make a significant impact. The dedication of the Torrey brothers to empowering children and giving back to the community serves as an inspiration to aspiring entrepreneurs who seek to create businesses that make a positive difference.

Umano Shark Tank Pitch and Investment

During their pitch on Shark Tank, Jonathan and Alex Torrey presented their t-shirt company, Umano, with a unique mission to connect people to a cause. Seeking a $150,000 investment for a 15% stake in their company, they valued Umano at $1 million. Their pitch focused on their upgraded fashion staple products and their commitment to social entrepreneurship.

The Shark Tank investors had mixed reactions to the Umano pitch. Robert and Kevin did not see the potential and chose not to invest. However, Lori Greiner was impressed by the Torrey brothers’ mission and offered $150,000 for a 25% stake in the company. Mark Cuban, seeing the potential as well, matched Lori’s offer. After carefully considering the offers, Jonathan and Alex accepted Lori and Mark’s joint investment.

This investment from Lori Greiner and Mark Cuban enabled Umano to expand their reach and impact. With the additional funding, the company was able to increase production and distribution of their t-shirts featuring children’s artwork. This furthered their mission of empowering children and supporting communities in need. Umano’s appearance on Shark Tank not only brought financial success but also provided them with valuable exposure and credibility in the fashion industry.

Umano Shark Tank Pitch Details:

Investor	Offer	Equity Stake
Lori Greiner	$150,000	25%
Mark Cuban	$150,000	25%

Umano’s Current Status and Future Endeavors

Since their appearance on Shark Tank, Umano experienced a significant surge in popularity. However, the founders, Jonathan and Alex, made the difficult decision to discontinue the Umano brand in March 2017. Despite this, the Torrey brothers have not let their entrepreneurial spirit waver, and they have since embarked on new ventures.

Alex, one of the co-founders, ventured into the local delivery business with the launch of Mlkmn. This innovative venture aims to provide streamlined and efficient delivery services to the community. Jonathan, on the other hand, has founded AMHC, a property management firm specializing in factory-built housing projects. Through AMHC, he aims to make a positive impact in the housing industry.

As of now, the current net worth of Umano and its founders remains undisclosed. However, it is evident that Jonathan and Alex are determined to continue making a difference through their new endeavors. Although the Umano brand has been discontinued, their entrepreneurial spirit lives on as they actively pursue their respective passions.