Since Titin appeared on Shark Tank, there have been a lot of questions about what happened to the company after the show. Well, we have good news and bad news. The good news is that Titan has continued to grow since appearing on the show. The bad news is that that growth didn’t last. In this article, we will answer some common questions about what happened to Titin after Shark Tank and give you some tips on how you can improve your own business!
History of Titin and Its Founder
As a young lad, Patrick Whaley wasn’t content with his slim frame and chose to take matters into his own hands by adding books to the weight of his backpack in elementary school. This unusual way of strengthening himself proved effective as he could see tangible results from this unique approach. It didn’t take him long to realize that lugging around heavyweights was one of the most effective ways of training. Titin offers an innovative line of weighted shirts and shorts, perfect for athletes who want to maximize their strength and aerobic performance while exercising. This unique apparel helps improve competition results by providing additional weight that challenges muscles in different ways during physical activity.
His patented hydrogel inserts are constructed from moisture-wicking material and strategically placed around the key muscle groups to ensure no displacement during vigorous exercise. Not only that but they can be removed to apply heat or cold therapy for fast recovery after a workout session. With these inserts, you’ll boost your muscle growth while also taking care of your body post-workout!
Titin stands apart from the rest when it comes to compression gear, offering exclusive solutions for experts and novices alike. Whether you’re a professional athlete, an average gym-goer, or even part of military personnel or law enforcement forces – Titin has you covered! With their advanced technology and innovative designs, they are quickly becoming the go-to provider in the industry today.
Inspired by real-life results, he raised an impressive $ 100,000 from Kickstarter and a whopping $ 1 million on Fundable to get his business up and running. His prototypes were backed by elite athletes who even made cameos in the blockbuster movie Expendables 3 starring Sylvester Stallone.
And the popularity of Titin was very much understandable as the product has so many benefits!
Not only is Titin beneficial for athletes, but it also helps reduce back pain in everyday people. The weighted apparel evenly distributes weight along the body to ensure good posture and help with chronic aches or pains. It even reduces any discomfort caused by carrying a heavy bag around which is great for those who love traveling!
It’s also very comfortable to wear! Titin’s compression fabric is lightweight and breathable, allowing you to move freely as it molds to your body. It also features a low-profile design that doesn’t feel bulky or constricting when worn underneath clothes.
And if you’re looking to improve posture, the Titin compression apparel is perfect for you! The weighted inserts help to increase muscle tension, providing resistance and helping your body stay in alignment. In addition, it also helps improve core strength by creating a stronger base of support in your lower back and abdominal region.
You can also either heat or chill the gel insert for a therapeutic effect before or after your workout. This allows for better recovery and improved performance, which is great for those who want to get the most out of their training sessions.
So it’s no surprise that as soon as the production started and sales online soared, Patrick’s business swiftly gained traction. Before too long, his monthly profits had surpassed one million dollars enabling him to attract some key investors. Looking for more help, Patrick sought out investors with experience in apparel merchandise to assist him in accelerating production, fulfilling backorders, and ultimately ameliorating the cash deficiency. And Sharks looked like an ideal match for him! [1] [2] [3] [4]
Titin on Shark Tank
Patrick went on Shark Tank looking for investors to give him $ 500,000 in exchange for 5% of Titin. He began by telling the sharks his story and presenting them with his weighted shirt.
Mark wants Patrick to talk more about science, so Patrick explains how the shirt works and tells them about the results it has had for elite athletes.
In addition, his shirts distribute the weights evenly, which helps reduce potential injuries. He then provides the sharks with an impressive fact – in the previous month he managed to achieve a revenue of close to $ 1 million.
Titin also got a boost in venture capital funding and investments, which impressed the Sharks. In fact, he bought them out at the end for a cool 10 million dollars.
The manufacturing costs of Titin were drastically low, allowing Patrick to sell the complete kit for only $ 250. This impressive margin was recognized by the Sharks, who were even more so admired when they heard that Patrick anticipated reaching a staggering $ 10 million milestone at the end of his current year during his company’s pitch.
Patrick sells his shirts mainly through online retailers and direct to the customer, he still has more than $ 1 million worth of orders to fulfill and would like a shark to help him with that.
Mark questions the science behind the shirt so he decides to go out. Robert too doesn’t believe in the research presented, he also drops out. Lori quickly follows.
Kevin however, is intrigued and explains he can envision a lot of people wearing the shirt. He is willing to invest $ 500,000 for 15% equity in the company. He also calls Patrick’s style quite arrogant, however.
Daymond liked the business idea and offered Patrick $ 500,000 for 20% worth of shares in Titin and said he would help him with the inventory. Patrick tells Daymond that he actually needs the money for inventory and decides to counter Daymond’s offer with 10% of Titin’s equity.
After a lot of back and forth, Patrick eventually accepts Daymond’s initial offer – $ 500,000 for 20%. In the end, the deal is sealed and Patrick has an investor to help him expand his business. [2] [3] [4]
What Happened to Titin After Shark Tank
Since appearing on Shark Tank, Titin has gone on to become a global success. Patrick was able to use the funds he received from investors to expand his business and meet the demand for his products.
While the Shark Tank effect was undeniably present, Titin’s sales took a quiet hit because of Mark’s public disdain for the product. As soon as Cuban divulged his investment decisions, investors decided to take their money elsewhere.
Daymond discerned that the ideal solution for Patrick’s inventory issues was to invest in and manage his stock. After much consideration, Patrick accepted Daymond’s proposal as it included comprehensive management of his holdings.
However, Patrick has managed to keep his business afloat and is now in a much better position than before. He’s reinvested in research and development, as well as marketing initiatives, which have all helped contribute to Titin’s continued success.
TITIN has soon begun to make waves in the sports world, with notable athletes like Paul Millsap of the Atlanta Hawks and Dustin Pedroia of the Boston Red Sox proudly displaying it. Even Japan’s Tokyo Golden Eagles player Jonny Gomes is a fan! Ever since its announcement on television, TITIN has gone from strength to strength as more people embrace this revolutionary new product.
Daymond astounded the world when he offered to purchase Titin for an astonishing $ 1 million, granting himself half of the company’s shares in exchange. To everyone’s surprise, Whaley accepted this offer- one of his most costly investments yet on Shark Tank! Astonishingly enough, it was revealed that Daymond paid a total sum of $ 1.1 million for those 50% stakes in Titin Co., making it all worth every penny spent!
Following that, the business flourished. Not only were there countless customer reviews on their website and Instagram account, but they also sold their product via Walmart and Amazon! Customers applauded both its design and quality – it was favorably received by all. Plus, he now counts some of the world’s most elite athletes as customers including NBA stars LeBron James and Kobe Bryant.
Mark Cuban even used the logo of Titin on the Mavericks jerseys, demonstrating his commitment to the brand and its continued success.
However, that happiness didn’t last for long. In late 2021, Patrick announced that he had to shutter the business. But what happened? Well, a court was involved.
One of Titin’s customers, Sarah Zabian, alleged that the technology used to produce the compression vests was pilfered from him.
Sarah Zabian attempted to take legal action against Titin, only to be met with silence. In the aftermath of this incident, he created a comprehensive webpage regarding the details – and it is easily accessible through a simple web search.
He sent Mark Cuban an email inquiring about the accusations of fraud they had leveled against him and then posted his responses to said mail on his website. But that wasn’t all; he even emailed President Obama, which was rather strange considering it had nothing to do with what he was offering.
Despite prevailing in the lawsuit, Titin Compression Shirts faced dire consequences: their website was permanently shut down and they ultimately had to close up shop. Unfortunately, no stores appear to carry Titin’s gel-stuffed compression gear anymore. What is more concerning is that the company has become inactive on social networking sites – for example, its Instagram account hasn’t been updated for a long while.
Despite Titin’s failure in the end, Patrick Whaley can still be proud of what he achieved – creating a revolutionary product that changed the way athletes approach training and performance. Today, Titin remains an iconic brand in many countries with its products available online and at select retailers across the world. [2] [3] [4] [5]
Titin Competitors
Even though Titin has closed its business, there are still many other companies that offer similar products. Let’s take a look at some of them!
Rogue Fitness
Rogue Fitness, a company based in Ohio, produces strength training equipment and apparel. They offer power racks, barbells, kettlebells, plates, benches, and more. Rogue’s products are designed to be extremely durable and they offer a variety of customization options to meet your specific needs.
Besides your common fitness equipment, the company also offers weighted vests including GORUCK Ruck Plate Carrier which is designed to provide a high-intensity workout while challenging you with additional weight. Unlike the other vests we covered, this one resembles a backpack and offers three separate sizes along with adjustability options!
What’s more, the padded design will ensure that you stay comfortable no matter how hard you’re pushing yourself.
Hyperwear
Hyper Vest Pro by Hyperwear is also a great alternative to Titin. Providing comfortable compression clothing constructed from high-quality technical fabrics, Hyper Vest Pro specializes in creating apparel to improve your fitness regime and boost your workouts’ intensity levels – suitable even for high-intensity activities like running or combat sports.
While it provides enough weight, it doesn’t feel too bulky or cumbersome to wear. Moreover, the adjustable weights create a personalized fit tailored to your body type and needs.
Fringe Sport
Fringe Sport is an online retailer that offers a wide range of products for strength and conditioning, including barbells, weight plates, lifting platforms, gym accessories, mobility tools, and more. Their WODMaster Weight Vest is a popular weight vest that is designed for comfort and durability.
Instead of removable weights, Fringe Sport features a sand-filled weight vest, which allows for a greater range of movement but removes the freedom of adjustability. The vest also comes in several sizes and with adjustable straps to customize the fit. [6]
FAQ
Who owns Titin?
Patrick Whaley and his team of engineers and scientists own Titin, the world’s first wearable weight technology using gel. After appearing on Shark Tank, Patrick was able to raise a seed round of funding that allowed him to launch the product into production and take it to market.
Did Titin receive the deal from Shark Tank?
Yes, Titin received a deal from Shark Tank from Daymon John!
He was very impressed with the product and after a few back-and-forths, John made an offer for $ 500,000 for 20% equity in Titin. The deal was eventually closed after mutual agreement and all five Sharks agreed to invest a total of $ 1,250,000 in the company.
Is titin still in business?
No, Titin is no longer in business. After appearing on Shark Tank, the company had a successful crowdfunding launch that raised nearly $ 1 million from 10,000 backers. Despite this success, the founders decided to end production of their weighted shirts and ceased operations in 2021.
The unfortunate departure was not due to a lack of demand or customer interest; rather, it was due to the negative exposure they received from the lawsuit filed by a customer This lawsuit caused the company to lose credibility in the eyes of potential investors and partners, leading to their ultimate closure.
What is the update on Titin?
Since appearing on Shark Tank, Titin has experienced great success. In the years following its appearance, Titin has developed new products and distribution methods while expanding its reach to over 60 countries worldwide.
In addition to physical products, Titin has also invested in digital resources like videos and instructional guides to help customers get the most out of their workouts.
However, in 2021 the company had to shut down its operations for good because of a lawsuit from an individual who had similar products.
Useful Video: Titin Short Sleeve Weighted Shirt Set Review
Conclusion
While Titin’s journey had a strong start with its appearance on Shark Tank, the company experienced a lot of ups and downs after the show. Despite initially being offered an investment by Daymond John, Titin had a lot of struggles. The biggest one of them was a lawsuit about the stolen idea that was brought against the company. The lawsuit was won by Titin but they lost their initial momentum, and the company has struggled to recreate the success they experienced on Shark Tank.
This ultimately resulted in the company shutting down in 2021. Despite the setback, Titin’s team helped to promote the importance of health, proper weightlifting techniques, and safety that comes with proper weighted clothing. Today, Titin is remembered as a company that showed the world how to use technology to create innovative products that make exercise safer for people all over the world.
All in all, the legacy of Titin’s story can be seen in its journey from Shark Tank to today. The team’s dedication and perseverance have made them an example of how anything is possible if you believe in yourself. While it may not have ended exactly as planned, they left a lasting impression on their fans and countless others by inspiring them to pursue their dreams no matter what obstacles come their way.
Thank you for taking the time to read our epic guide on what happened after Titin’s appearance on Shark Tank. We hope it provided you with more insight into the company and its inspiring journey!
References:
- https://www.sharktankblog.com/weighted-compression-gear-titin/
- https://www.sharktankblog.com/business/titin/
- https://seoaves.com/titin-after-shark-tank/
- https://www.looper.com/89747/things-may-know-shark-tank/
- http://www.daymondjohntheft.com/
- https://www.si.com/showcase/fitness/best-weighted-vest