The Shemie Shark Tank Update | The Shemie Net Worth

The Shemie is a versatile clothing line presented in Episode 7 Season 04 of Shark Tank. Introduced by founder Shelton Wilder, this unique product is designed to bring convenience, comfort, and style to women’s wardrobes. 

The Shemie is a modern reinterpretation of the classic chemise, a type of women’s undergarment. It is made of soft, breathable materials and comes in various styles, including a slip, a tunic, and a crop top.

Each style is available in various sizes, colors, and materials, offering a broad selection for customers with varying needs and tastes. Its versatility and ability to layer outfits are its standout features.

It can be worn underneath clothing to add an extra layer of warmth, to enhance comfort, or to add a touch of elegance and sophistication. Moreover, it can also be worn as standalone clothing, for instance, a tunic paired with jeans for a casual look or a slip dress for a night out. 

The Shemie is a great choice for several reasons. Firstly, its versatile nature enables it to serve multiple functions, from being an undergarment to a stylish top or dress. This reduces the need for packing multiple clothing items, especially while traveling, making it a practical choice for the modern woman.

The quality of the materials used in the Shemie ensures durability and longevity. Its design combines both comfort and style, a combination that is often difficult to achieve in women’s clothing.

The Shemie is a product that truly encapsulates the idea of “less is more,” offering a chic and convenient solution to women’s fashion needs.

Company NameThe Shemie
EntrepreneurShelton Wilder
ProductA new line of slips designed to fit every woman’s body type
Investment Asking For$60,000 for 20% equity in The Shemie
Final DealNo Deal
SharkNo Shark
The Shemie Episode Season 4, Episode 7
The Shemie Business StatusOut Of Business
The Shemie WebsiteVisit Website
The Shemie Net Worth$0

What Is The Shemie?

The Shemie is a clothing item with different styles, such as the Paparazzi Protector, the Hoppy Top, and the Meet The Parents, each serving a distinct purpose.

The Shemie is a versatile clothing item designed by Shelton Wilder. It comes in different styles, including the Paparazzi Protector, the Hoppy Top, and the Meet The Parents.

Each style serves a specific purpose, providing coverage and comfort in different situations. The Shemie gained attention when Shelton appeared on the TV show Shark Tank to pitch her invention.

The Shemie Shark Tank Update | The Shemie Net Worth

The Shemie has garnered interest from various customers, including those who may not be the target market.

The Shemie had a Kickstarter campaign to raise funds and has already exceeded its financial goal. It is described as a success story and will soon be brought to market.

Who Is The Founder Of The Shemie?

Shelton Wilder, a woman with an impressive background in the fashion industry, founded the Shemie. Before launching her clothing line, Shelton was a successful stylist in Los Angeles, working with a diverse clientele of celebrities, influencers, and everyday people.

Her rich experience in the industry and her keen understanding of fashion trends and customer needs played a significant role in shaping her entrepreneurial journey.

Shelton conceived the idea of creating The Shemie from her personal needs and her professional observations. She recognized a gap in the market for a garment that could offer the benefits of a chemise but with a contemporary, fashionable twist.

She saw the need for a versatile, comfortable, stylish undergarment that could transform into standalone clothing. Thus, she created The Shemie to reinvent and modernize traditional chemise.

Before appearing on Shark Tank, The Shemie had started making its mark in the industry. Shelton utilized her connections and experience in the fashion world to launch and promote the product.

She got her products into boutiques and marketed them online and offline. The Shemie garnered positive customer reviews for its comfort, style, and versatility, providing a strong foundation. 

However, like many startups, The Shemie faced challenges scaling up and expanding its reach. This led Shelton to pitch her business on Shark Tank, seeking the investment and mentorship that could take her business to the next level.

Despite the successes she had achieved, the appearance on Shark Tank marked a significant turning point for The Shemie, opening new avenues of growth and recognition for the brand.

How Was The Shark Tank Pitch Of The Shemie?

The Shemie is a woman’s slip designed to be a modern and sophisticated twist on the traditional slip. Shelton Wilder, the founder, appeared on Shark Tank seeking a $60,000 investment in exchange for a 20% stake in her brand. 

She presented the Shemie as a comfortable and stylish alternative to other products that aim to change a woman’s body shape.

During the presentation, Wilder showcased two models wearing different variations of the Shemie slip. The Sharks had various questions and concerns regarding the product.

Kevin O’Leary questioned whether curvier women would find the Shemie appealing, to which Wilder emphasized that it is meant to make all women feel comfortable and confident in their skin.

One concern raised by Lori Greiner was the lack of sales at that point. Wilder explained that she had verbal agreements with some locations and had soft orders, meaning they would place orders once she was ready. 

However, O’Leary dismissed this as having no sales, which affected his perception of the company’s valuation.

O’Leary was dissatisfied with Wilder’s valuation of $300,000 for the Shemie and refused to invest. 

Wilder shared that she had previously been part of a similar brand that closed down due to her partner’s family emergency and her struggles with addiction. She wanted a fresh start and considered her former brand full of bad memories.

Despite O’Leary’s negative response, the other Sharks appreciated Wilder’s honesty and respected her story. 

However, they ultimately declined to invest due to the early stage of the business and lack of sales. They wished her luck and praised her for deserving a second chance.

After failing to secure a deal on Shark Tank, Wilder strategically launched a Kickstarter campaign following the show’s airing. This generated $30,000 in funding, enabling her to kickstart production and appear at various fashion shows. 

The attention garnered from these shows led to features in top fashion magazines like Vogue, Glamour, and Cosmo.

Eventually, Wilder successfully launched The Shemie, making it available through specific locations in Georgia, Florida, North Carolina, and California. 

Customers can also purchase The Shemie online through its website. Although the product is priced higher, it has received positive feedback for its quality. 

Overall, Wilder managed to turn her business into a success despite not striking a deal with the Sharks on Shark Tank.

Did The Shemie Get a Deal on Shark Tank?

No, the Shemie did not get a deal on Shark Tank. Shelton Wilder, the entrepreneur behind the Shemie, entered the tank seeking a $60,000 investment for a 20% equity stake in her women’s fashion accessory business. However, none of the sharks were convinced to invest in her product.

During her pitch, Shelton talked about her background in the fashion industry and presented the Shemie as a modern take on a slip. However, Robert Herjavec and Kevin O’Leary were perplexed by the undergarment and its use. 

Mark Cuban showed more interest in Shelton’s fashion background but ultimately decided not to invest.

Confusion arose when Shelton mentioned having a “verbal agreement” with Nordstrom but failed to provide more substantial sales evidence. 

Kevin O’Leary bluntly said she had no sales and questioned the $300,000 valuation. 

Shelton tried to highlight her sales skills and commitment to the product, but Kevin ultimately went out because he didn’t believe he would get a return on his investment.

Lori Greiner asked if Shelton had sold Shemie to her customers while working for other stores, as Shelton had mentioned making Shemie for clients who needed the accessory.

Shelton stammered through her response but confirmed that she had sold a few here and there. The sharks became increasingly bewildered as they prodded Shelton for answers.

Ultimately, no sharks felt confident enough to invest in Shelton’s business. Lori cited the presence of similar products on the market as a reason for not investing, while Robert believed it was too early to invest. 

Mark stated that he was uninterested in women’s fashion and didn’t understand the space, while Daymond felt he couldn’t provide value or reconcile the valuation.

Despite not securing a deal on Shark Tank, Shelton earned $30,000 from a Kickstarter campaign after the episode aired. The Shemie received recognition in various fashion publications between 2012 and 2015. 

However, production of the Shemie ceased in 2015, and the business eventually closed. Shelton later pivoted and became a realtor in Los Angeles, founding the Shelton Wilder Group of real estate agents, where she serves as CEO.

What Happened To The Shemie After Shark Tank?

After appearing on Shark Tank and being unable to secure a deal with the Sharks, Shelton Wilder took advantage of the publicity by launching a Kickstarter campaign for the Shemie.

The campaign aimed to raise $29,000.00 to kick the Shemie into production and bring it to market.

Fortunately, the Kickstarter campaign has succeeded, and Shelton has not only met but exceeded her financial goal. She will receive the necessary funding to move forward with the Shemie.

In terms of Shemie’s business after Shark Tank, it appears to be on its way to becoming a huge financial success.

With the Kickstarter campaign ending in three days from the time of writing, Shelton has already achieved her funding objective. This suggests that consumers have significant interest and demand for the Shemie.

Despite not securing a deal on Shark Tank, the Shemie has gained significant attention and support through its Kickstarter campaign, indicating a promising future for the product.

However, the success didn’t last long. As a result, The Shemie went out of business in 2015.

The Shemie Shark Tank Update

After the Shark Tank episode aired, Shelton Wilder launched a Kickstarter campaign to raise funds for The Shemie. The campaign successfully raised $30,000, which enabled Wilder to start production and bring The Shemie to market.

The product appeared at various fashion events, gaining exposure and generating interest.

The Shemie also received recognition from top fashion magazines such as Vogue, Glamour, and Cosmo, increasing its visibility and appeal.

However, despite the success and positive publicity, The Shemie eventually ceased production in 2015.

The Shemie Shark Tank Update | The Shemie Net Worth

Following the closure of The Shemie, Shelton Wilder transitioned into a new career as a realtor in the Los Angeles area. Leveraging the experience and skills she gained from her time with The Shemie, Wilder has become a successful real estate agent.

The exposure and lessons learned from her Shark Tank appearance have undoubtedly contributed to her success in the real estate industry.

Is The Shemie Still In Business?

Our research shows that The Shemie is no longer in business. After appearing on Shark Tank and receiving attention from high-profile retailers such as Nordstrom, Saks Fifth Avenue, Macy’s, and Target, the Shemie faced challenges that led to its discontinuation.

While it had a successful Kickstarter campaign and garnered media coverage in popular fashion magazines like Vogue, Glamour, and Cosmo, the company ultimately closed its doors in 2015.

The exact reasons for Shemie’s closure are not specified, but it is common for startups and small businesses to face various challenges, such as financial difficulties, production issues, competition, or changes in market demand.

Despite its initial aspirations and early achievements, the Shemie could not sustain its operations and opted to cease manufacturing.

What Is the Net Worth Of The Shemie?

According to our research, The Shemie’s net worth is estimated to be $0 since the company is out of business. The valuation of The Shemie was $300,000 when it appeared on Shark Tank.

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