Trimi Tank Shark Tank Update (Season 3)

Highlights

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 NameTrimi Tank
Founder/Co-FounderLindsay Johnson & Nicole Bilsky
Founded2010
ProductTank tops with interchangeable straps
Asked For$57,000 for 30% equity
Final DealNo Deal
SharkNo Shark
EpisodeS3 E12
Air DateApril 27, 2012
Business StatusIn Business
WebsiteVisit Website
HeadquartersCalifornia, United States
Annual (Revenue)Approximately $0.2 million (as of 2013)
Worth / Valuation$190,000
Buy and WatchBuy NowAmazon 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

SharksOffers
Lori GreinerNo Offer
Mark CubanNo Offer
Daymond JohnNo Offer
Robert HerjavecNo Offer
Kevin O’LearyNo Offer
Founder’s CounterNo Counter
Final DealsNo 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.

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Biswajit Nayak

Biswajit Nayak is the Founder and Owner of the Shark Tank Products Website. His journey with ABC's Shark Tank TV Show began in 2019, and since then, he has become an expert in predicting which deals will be secured and which ones will not. My Reddit Profile

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