Evrewares manufactures fabric stickers that can be reworn. It gives a new look to the outfit of a person, turning a basic shirt into a formal one. The stickers stick with the help of special glue and do not leave behind any residue that can spoil the clothing item.
The stickers can be effectively used every time and are environmentally friendly too because these are biodegradable. Bacon ties, beer ties, duct tape ties, American flag ties, and pixel ties are some of the designs offered by Evrewares.
EvREwares at a Glance:-
| Idea | Tie shaped accessories |
| Founders | Ellie Brown and Becca Nelson |
| Asked For | $100,000 for 30% |
| Accepted Deal | $200,000 For 100% |
| Sharks | Mark Cuban |
| Business status | Out of Business |
| Episode No. | Season 6, Episode 14 |
| Website | EvREwares |
Index:
Who are the founders of EvREwares?
Ellie Brown and Becca Nelson are the founders of it. The business was started in 2010 and it is a line of wearable fabric stickers- novelty stickers that are designed to be worn on clothing. They converted their thoughts into a great business model.
Did EvREwares get a deal on Shark Tank?
Ellie Brown and Becca Nelson came on Shark Tank and asked for $100,000 in exchange for 30% equity in season 6, episode 14. They explained their product’s story and presented the product and its uses. They also put forth the fact that they were only trying to make $50K till year-end so that they could take some time to reconsider their business decisions.
The sharks disagreed with the price of $7.99. All the other sharks went out but Mark Cuban wanted to buy out the business for $200,000. The founders were hesitant because they did not want to let go of their baby but still agreed and the Mark got the whole business for $200,000.
What happened to EvREwares after the Shark Tank Show?
On the show, Mark Cuban made them accept the deal of selling their business in his hands. After the show, the duo sisters changed their minds and did not close the deal. They had a word with ABC that they took that decision emotionally and now they do not want to sell their whole business.
After the show, they got huge fame and they had a data record of 1000 visitors per minute on their official website. When the duo’s sister revealed their new decision, Mark’s team immediately reached out to them and showed generosity and respect towards their decisions.
During the pitch, they came up with a valuation of $333,333.3 which was later brought down to zero as Mark offered to get 100% equity in Evrewares. After the show, Mark not only made them comfortable but also became their free advisor. Unfortunately, their business did not last for a long period and they flew out of the market.
They got fame and prosperity from the show, but the forecasted sale was unable to meet. Gradually they took their business off. As of 2022, they are completely out of any platforms even if they have removed their website. After December 2015, Evrewares was not able to enjoy business success further. Further updates related to the business will be done when identified.
Competitors of EvREwares are:
- Axlon
- Arendelle
- Finnoy
- Alvaro
- JJR
What is the net worth of EvREwares?
The estimated net worth of the business is null as they are out of the market since 2015. They came up with a valuation of more than $333,000 but finally sold the company at $200,000 to Mark Cuban.
Is EvREwares still in business?
Unfortunately, after December 2015, they went out of the market due to the continuous failure in product selling and inappropriate customer retention. They have deleted their whole media from all the platforms.
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FAQs:
What is EvREwares?
Evrewares manufactures fabric stickers that can be reworn. It gives a new look to the outfit of a person, turning a basic shirt into a formal one. The stickers stick with the help of special glue and do not leave behind any residue that can spoil the clothing item.
What's the net worth of EvREwares?
The estimated net worth of the business is null as they are out of the market since 2015. They came up with a valuation of more than $333,000 but finally sold the company at $200,000 to Mark Cuban.