What Happened to Katamco Toilet Timer After Shark Tank?
What is the Katamco Toilet Timer?
Katamco Toilet Timer is a one-of-a-kind brand in the creative sector of Greater Bloomington, Illinois. This is a one-of-a-kind timer that makes a “poo-castigator” sound in the toilet to make people think they’re squandering time.
Adam Stephey owns Katamco, the limited liability business he formed. He admits to being a creator and designer since he was a toddler playing with Lego pieces
When Adam was in his twenties, he used to help his grandfather make furniture. Adam is also a self-taught 3D drafter.
This was the beginning of his design business. Adam shares a home with his wife, Katie, and their three children. And he’s still creating new goods for sale on his website.
Who is the founder of the Katamco Toilet Timer?
Adam Stephey owns Katamco, the limited liability business he formed. He admits to being a creator and designer since he was a toddler playing with Lego pieces.
Adam is a serial entrepreneur, inventor, and tinkerer. As a child, he began learning about 3D drawing by assisting his grandfather in the creation of furniture.
He’s made an app for alcoholics in recovery, cleaning tools for video gaming consoles, and now The Toilet Timer.
Katie came up with the idea after warning Adam that he was spending too much time on the web, mostly surfing on his phone.
Adam designed a five-minute sand timer to limit restroom time. The original prototype was created using a 3D printer.
The timer works in the same way as an hourglass sand timer, only the sand at the top is within a man’s belly and the sand at the bottom is a toilet. There is also a feminine variation.
After considerable thought, he decided to manufacture and commercialize the device. He began the firm in July 2017 with a successful Kickstarter campaign that raised $23,868.
They failed to sponsor when Dad Goes Poo, a book of “poems to delight poo-castigators” that is now available on Amazon, a year later.
Each timer costs $14.99, while the book costs $19.99. Katamco’s first product is his “parent company.” Adam is expected to release more things in the future, given his competence in 3D printing.
What Happened to Katamco Toilet Timer During Shark Tank Pitch?
In order to make their business grow, Adam and his wife decided to present their innovation to Shark Tank investors.
Katie enters the Tank and informs Andy that he is in the restroom with his phone. She claims she’s been there for forty minutes! He takes a step forward and reveals the Toilet Timer.
They entered the Shark Tank seeking $200,000 in exchange for a 10% stake in their firm, which was worth $2 million.
The Sharks are rolling their eyes as they watch the game. It’s a good joke gift, according to Andy. They have a video of a gastroenterologist discussing the harmful health effects of going to the bathroom for a lengthy amount of time.
During the 2019 Christmas season, they generated $250,000 in sales. Each item costs about $3 and retails for $14.95.
The vast bulk of sales is handled through Amazon. If he doesn’t get a contract, his projections for 2020 are $1 million since he only has enough money to buy those goods.
He plans to invest $70,000 on a higher-volume production line and the remainder in inventory.
Lori cautions against making a donation to the factory. Lori thinks they’re amazing and thinks a lot of people would purchase them, but it’s not something she can blow up, so she’s out.
Kevin considers that $200,000 is excessively much for this commodity and has opted to withdraw from the transaction. Daymond is happy, but it doesn’t resonate with him, so he’s out.
Mark likes it. He makes an offer of $200,000 for 20% equity in the company, which Andy instantly accepts, and the presentation ends with a deal.
What Became to Katamco Toilet Timer After Shark Tank?
Despite Adam and Katie’s excitement during the pitch, the contract with Mark was never consummated, and they sold over 5000 copies in a week after the scheduled performance date.
Katamco’s Toilet Timer is still in use and has a functional website.
They have a variety of humorous designs to choose from, all of which include a sand counter. They also sell other things, such as a children’s book and greeting cards, which are typically included in a gift package.
Adam Stephey, the company’s founder, is still on the job, and the Toilet Timer is available on Amazon. As of November 2021, they had around $1 million in sales for the year.
Katamco Toilet Timer’s Net Worth
During the pitch, the company was valued at $2 million; in 2021, the company has a net worth of $650,000.
Katamco Toilet Timer FAQs
What are the ingredients in Toilet Timer?
The sand component is made of pure titanium dioxide and is intended to be bio-degradable. The colorant is titanium dioxide.
What’s the origin of the name Katamco?
Katamco can be translated as “catana” in Spanish and refers to a circular shape of a stone.
What is the pricing of Toilet Timer?
The Toilet Timer sells for $14.99, while the book retails for $19.99. Katamco’s first product is his “parent company.” Adam is expected to release more things in the future, given his competence in 3D printing.
Who is Katamco Toilet Timer’s target consumer?
The Toilet Timer is geared towards males and females who are looking to reduce their restroom-related expenditures.
What retail outlets do they sell their product?
Katamco Toilet Timer is available exclusively on Amazon.
What are the potential applications of Katamco Toilet Timer?
Katamco Toilet Timer can be utilized wherever people go frequently to the restroom, such as hospitals, offices, child care facilities, and other places. It’s a novelty item but also serves the dual purpose of keeping people from using the toilet for too long.
How is it manufactured?
The sand component of the Toilet Timer is made of titanium dioxide, and the hourglass-shaped body is a plastic shell that fits snugly around the waist. The sand at the top of the counter represents how many minutes have passed, while the sand at the bottom represents how much time has elapsed.
What benefits come with using Katamco Toilet Timer?
It’s perfect for times when they’re waiting and going to be away from the phone to do something else. It also serves a dual purpose of keeping people from going to the toilet too long.
How is Katamco Toilet Timer made?
Katamco 3D printers can be used to make various shapes using different materials. The sand is then poured into the hourglass body, and it takes about two hours for printing to complete.
What happens to all the sand?
When the sand in the hourglass runs out, it’s emptied into a bucket.
What is the target market for Katamco Toilet Timer?
The target markets are individuals who are looking to reduce their restroom-related expenditures. The company’s top seller is the book, which has sold more than 500 copies in just three months since its release.