Man Medals Shark Tank Net Worth

Man Medals is a novelty product pitched on Season 5 of the popular television show Shark Tank. The product was created to acknowledge and reward the male members of a family for their participation in household chores.

Man Medals are small badges worn on shirts or displayed on boards. The badges come in six different types, each corresponding to a particular household task.

These tasks include putting the toilet seat down, picking up clothes, emptying the trash can, asking for directions, and changing the toilet paper roll.

There is even a special military-themed badge to honor returning soldiers transitioning back into family life. Each badge has a “To” and “From” space, allowing the giver to personalize the award.

Man Medals promote collaboration within the family unit, helping to break down stereotypical gender roles. It’s a gentle way of reminding everyone that all family members can contribute to the upkeep of the home.

Man Medals might not be available currently, but the concept behind it is enduring and could inspire similar products in the future. These products could encourage household cooperation and shared responsibility by providing better quality and more diverse design options.

What Are Man Medals?

Man Medals are a novelty gift item created as a humorous way to “reward” men for performing ordinary household tasks or chores. These medals are often given to husbands, boyfriends, and fathers as a joke to celebrate them for doing things like washing dishes, changing diapers, or taking out the trash.

Man Medals are typically accompanied by ribbons designed to look like legitimate awards. Man Medals are a fun and humorous gift product created by Jim O’Brien in 2012.

The idea came to him after his wife jokingly suggested he should get a medal for killing a spider in their house. The concept is to celebrate and acknowledge men’s everyday tasks and chores in a funny and light-hearted way.

Here are some examples of the medals:

• “Killed a Spider” Medal
• “Put Down the Toilet Seat” Medal
• “Changed a Diaper” Medal
• “Took Out the Trash” Medal
• “Unloaded the Dishwasher,” Medal

This set has six medals, each designed to look like traditional awards but with a comedic twist. They come with a ribbon to wear around the neck and an embossed symbol representing the task on the medal. The medals are typically made of metal, giving them an authentic feel.

Man Medals’ purpose is to bring laughter and promote appreciation for the small, often overlooked tasks in everyday life. They can be a fun gift for birthdays, anniversaries, Father’s Day, or just because.

Who Is The Founder Of Man Medals?

Jim O’Brien is the creative mind behind Man Medals. The idea for this novelty product stemmed from a humorous interaction with his wife. One day, after informing his wife that he had taken out the garbage, her sarcastic response was, “What do you want, a medal?” To which Jim replied, “Yes, I do.” Thus, the concept of Man Medals was born.

The concept behind Man Medals was straightforward yet eminently practical: men who performed household chores were rewarded with small pins or badges.

The six different medals represented various tasks, including taking out the trash, vacuuming, asking for directions, picking up dirty clothes, changing the toilet paper roll, and putting down the toilet seat.

One of the medals, a “coming home to be a father” medal, was also tied to a charitable cause, with 10% of the sales proceeds donated to The Fallen and Wounded Soldiers Fund.

Before presenting his idea on Shark Tank, Jim was already selling Man Medals globally, with his business primarily being online.

However, despite the global reach, the business had modest sales, amounting to around $2500 before his appearance on the show. Small souvenir shops had picked up the product but had yet to break into larger retail outlets.

Despite the modest success, O’Brien saw the potential in his product and believed the Sharks would be interested in his approach to rewarding everyday household chores.

How Was The Shark Tank Pitch Of Man Medals?

Jim O’Brien, the founder of Man Medals, took his product to Shark Tank Season 5 to seek investment. His business revolved around novelty medals for men, designed as a light-hearted reward for completing domestic tasks.

In his presentation, Jim was seeking an investment of $10,000 in exchange for a 10% stake in his company, valuing Man Medals at $100,000.

To present his idea, Jim came up with an unusual and memorable pitch. He enlisted the help of a shirtless male model to demonstrate the various ways men could earn these medals from their partners.

The product line included six categories of medals, each corresponding to specific household chores.

In terms of sales, Jim reported that he had sold $2,500 worth of medals the year before his appearance on Shark Tank. He further explained the economics behind his product: each medal cost $0.65 to make, wholesaled for $2.50, and retailed for around $5.00.

Despite his enthusiastic presentation, the Sharks were unsatisfied with Jim’s product or sales. Lori Greiner advised Jim to boost his sales by courting retailers at trade shows before she opted out of the deal.

Robert Herjavec admitted that while he liked the medals, it wasn’t a business that interested him.

Mark Cuban was more direct, asserting that Jim didn’t have a business at all, so he withdrew from the potential deal. Kevin O’Leary was of the same mindset and decided to step out next.

Daymond John, the last remaining Shark, echoed Lori’s sentiments, suggesting that it was premature for Jim to seek funding with his current low sales figures.

Ultimately, John also decided not to invest, leaving Jim without a deal and ending his presentation in the Shark Tank.

Post Shark Tank, Jim expanded his recognition products to include refrigerator magnets, coffee cups, can koozies, and miniature trophies, selling them in small gift shops and on Amazon.

Jim announced in a social media post dated September 30, 2018, that Man Medals would be closing its doors.

Final Deal: No deal between Man Medals and Sharks.

What Happened To Man Medals After Shark Tank?

After the Man Medals presentation on Shark Tank, despite not securing a deal, Jim O’Brien took the feedback and publicity from the show and continued to push his business forward.

He expanded the product line beyond medals to include novelty items such as refrigerator magnets, coffee cups, can koozies, and miniature trophies. These additional items were sold in small gift shops and available on Amazon.

In an unexpected turn of events, the publicity from Shark Tank also attracted a significant investor – Kevin Brown, known for hosting the television show 3rd Rock.

Kevin Brown saw potential in Man Medals and invested in the idea. With Brown’s promotion and encouragement, the novelty medals increased in popularity.

Moreover, a new medal pack was introduced, and the total number of medals increased from six to nine, which led to a surge in online sales. A portion of the proceeds from selling a special “coming home to be a father” medal was donated to the Fallen and Wounded Soldiers Fund, further enhancing the company’s image and reach.

However, despite these advancements, Man Medals struggled to achieve widespread adoption and failed to secure a deal with a large retailer. Eventually, the business started to show signs of struggle. The company’s website became inactive in February 2020, and social media accounts stopped updating in August 2021.

In a social media post dated September 30, 2018, Jim announced that his business was “closing up shop.” He thanked his fans and followers for their support, marking the end of the Man Medals enterprise.

Based on these indicators and the lack of recent activity, it appears that Man Medals ceased operations and is no longer in business.

Man Medals Shark Tank Update

After the Shark Tank pitch, Man Medals, a company founded by Jim O’Brien, sought investment for novelty medals meant to humorously reward men for completing household tasks.

Although the Sharks did not invest in the company during the show, comedian Kevin Brown later sponsored the product, leading to increased popularity with the novelty medals.

The company experienced some profitable runs but closed its operations in 2018, and details about the product’s net worth and Jim O’Brien’s net worth remain undisclosed. The company was headquartered in Detroit, Michigan.

Despite the initial publicity from the Shark Tank appearance, Man Medals faced challenges securing partnerships with major retailers. They did have some online sales but couldn’t establish a sustainable presence with major retailers.

The Sharks expressed doubts about the product’s long-term viability as a novelty item, which might have contributed to their decision not to invest during the show. The company’s website and social media accounts became inactive, suggesting the business had closed.

After his appearance on Shark Tank, Jim O’Brien expanded the product line to include various recognition products. However, despite these efforts, the company eventually closed in 2018.

The lack of updates on their website and social media and the absence of major retail partnerships likely contributed to the business’s decision to close down.

In summary, despite initial recognition and some profitable periods, Man Medals faced challenges with retail partnerships and long-term viability as a novelty item. These difficulties and the absence of updates on their website and social media accounts led to the decision to close the business in 2018.

Is Man Medals Still In Business?

Our research shows that Man Medals appears to have ceased operations and is out of business. The company’s website has been inactive since February 2020, and there has been no activity on its social media accounts since August 2021. This suggests that the company is no longer in business.

What Is the Net Worth Of Man Medals?

According to our research, the net worth of Man Medals is estimated to be $0 since the company went out of business in 2018. The valuation of Man Medals was $100,000 when it appeared on Shark Tank.