Trimi Tank, founded by Lindsay Johnson and Nicole Bilsky, appeared on Shark Tank Season 3, Episode 12. They pitched a line of tank tops featuring interchangeable straps, allowing customers to customize their look with different strap styles. The entrepreneurs sought $57,000 for 30% equity but ultimately left the Tank without a deal.
Company Name | Trimi Tank | |
Founder/Co-Founder | Lindsay Johnson & Nicole Bilsky | |
Founded | 2010 | |
Product | Tank tops with interchangeable straps | |
Asked For | $57,000 for 30% equity | |
Final Deal | No Deal | |
Shark | No Shark | |
Episode | S3 E12 | |
Air Date | April 27, 2012 | |
Business Status | In Business | |
Website | Visit Website | |
Headquarters | California, United States | |
Annual (Revenue) | Approximately $0.2 million (as of 2013) | |
Worth / Valuation | $190,000 | |
Buy and Watch | Buy Now | Amazon Prime |
Business Pitch Episode Recap
Lindsay and Nicole introduced the sharks to Trimi Tank, a line of tank tops that come with three interchangeable strap sets, offering customers versatility and customization. They also planned to expand into dresses with interchangeable straps.
During the pitch, Lori Greiner asked about sales; the founders had sold only about 100 units at $35 each, which did not impress the sharks. Although women at craft fairs and flea markets loved the product, the entrepreneurs had no credit card processing capability at the time, limiting sales. Lori exited early, unconvinced by the concept’s appeal and market readiness.
Mark Cuban liked the founders’ personalities but did not feel knowledgeable enough about the niche to invest and exited. Daymond John and Robert Herjavec both felt the business was too early-stage and lacked sufficient market research, so they also left.
Kevin O’Leary was the last remaining shark but was strongly against the idea and declined to invest, jokingly offering to take the founders to dinner if they agreed to shut down the business.
The entrepreneurs left the Tank undeterred, believing in their brand’s potential.
Sharks Offers List
Sharks | Offers |
---|---|
Lori Greiner | No Offer |
Mark Cuban | No Offer |
Daymond John | No Offer |
Robert Herjavec | No Offer |
Kevin O’Leary | No Offer |
Founder’s Counter | No Counter |
Final Deals | No Deal |
Trimi Tank Shark Tank Update
Despite the exposure, Trimi Tank was unable to sustain the business and closed around 2013. The founders moved on from the venture, and the product line was discontinued.
What is Trimi Tank’s Net Worth?
At the time of the Shark Tank pitch, Trimi Tank’s worth was approximately $190,000, based on the ask of $57,000 for 30% equity. With limited sales and no investment, the company’s net worth remained modest and ultimately did not grow, leading to the business’s closure.