What Happened to NicePipes After the Shark Tank Pitch?

What is NicePipes?

NicePipes is a firm that sells high leg and arm warmers in a variety of colours and styles. Leg warmers in the thigh and knee lengths are offered.

Because of their numerous advantages, the goods are ideal for women’s fitness regimens. NicePipes, for example, are moisture-wicking and UV-protective.

Who is the Founder of NicePipes?

Lisa Binderow established the business in 2014. Lisa Binderow is a mother, wife, and yoga enthusiast. NicePipes was developed in 2014 in response to enquiries about her attire from students and teachers at her yoga studio.

Binderow worked for a national chain yoga studio in New York for seven years, first as a fitness trainer and then as a program manager.

The best inventions are typically the result of a need.

Binderow lived and worked in New York City, where the winters are bitterly cold. She regularly walked or raced to her yoga practice in the freezing mornings.

She noticed that traditional wool and acrylic leg warmers were uncomfortable on her skin.

Furthermore, she believed that her yoga outfit did not provide appropriate protection from the outdoors.

Binderow wore her yoga clothes while running errands in New York City.

As a result, she spent the most of the day in her sweaty workout gear. Her answer was to layer, but she didn’t want to spend money on new workout clothes.

Binderow’s answer was both simple and attractive. She shaped and cut yoga pants into leg and arm warmers.

She resigned her job and started her own business after so many youngsters and teachers expressed interest in her NicePipes.

Her things have fared well on Amazon thus far. Arm warmers are $32, knee-high leg warmers are $42, and thigh-high leg warmers are $46, in that order.

They come in a variety of colours and styles, and they also give minor compression.

What Happened to NicePipes at the Shark Tank Pitch?

Lisa Binderow appeared on Shark Tank Season 8 Episode 13 in search of a $100,000 investment in return for 10% ownership. This equates to a $1 million valuation.

In answer to inquiries, she explains how and why she produced them and gives samples.

She tells the Sharks that she sells them at $42 and makes them for $7.50 to $10.

Lisa notified the Sharks that they had been handcrafted in Los Angeles.

Robert enquired about how she marketed them, and she said that she sells them both online and via retail shops.

Lisa’s sales stats were enquired about by Robert.

Lisa revealed that she started in her apartment 18 months ago. She claimed to have generated about $80,000 in sales that winter, forcing Robert and Mark to question her worth.

Kevin does not feel it is confidential, and he believes that anybody might simply defraud her.

Lori wants to know how much money she has put in the company. Lisa informed her that she had made a $300,000 investment in the venture. Lisa said that she was currently carrying $65,000 in items.

Kevin cannot overcome the value and exits.

Robert expressed his confusion as to why she had made the sensible decision to elevate the worth to $1 million, and so he chose to go out.

Mark urged her to get out there and sell her stuff, but he later quit, claiming that the business was not a suitable match for him.

Lori admires Lisa and thinks it’s a great business, but it’s not for her, so she walks away.

Barbara is the last Shark remaining, offering $100,000 in return for 40% ownership of the company. Barbara stated that there is a crucial stipulation in the agreement: her business Grace and Lace would have to join forces with her.

She indicated that she sought $100,000 in exchange for a 25% stake. Barbara advised her that this was not a viable option.

Lisa took a big breath and replied that, while she loved the notion, she could not give up 40% of her business.

Lisa politely declines Barbara’s offer and departs the room without saying anything.

What Happened to NicePipes After the Shark Tank Pitch?

NicePipes’ popularity is growing, with continuous sales on Amazon and at yoga studios.

NicePipes continues to produce and sell arm warmers for $38, knee high leg warmers for $42, and thigh high leg warmers for $48, online.

Lisa is happy with her balanced life of running her business and teaching yoga classes.

At the end of the day, she says, it wasn’t worth it to give away 40% of something she’d worked so hard on.

As of November 2021, the firm was still in operation, with annual sales of $4 million.

What is the Net Worth of NicePipes?

According to sites like Owler, the company’s net value is roughly $5 million.

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NicePipes FAQS

What exactly is NicePipes?

NicePipes is a firm that sells high leg and arm warmers in a variety of colours and styles.

Leg warmers in thigh and knee lengths are offered.

Because of their numerous advantages, the goods are ideal for women’s fitness regimens.

NicePipes, for example, are moisture-wicking and UV-protective.

Who founded NicePipes?

Lisa Binderow established the business in 2014.

How much did she want in the Shark?

She was looking for $100,000 for a 10% stake in the firm.

How much did you receive from the Sharks?

Lisa Binderow refused to give up 40% of the firm in exchange for $100,000 from Barbara, leaving the Tank without a deal.

Is NicePipes still in operation?

As of November 2021, the firm was still in operation, with annual sales of $4 million.

What is this magical fabric they call Supplex?

Supplex combines the feel of cotton with modern technology to create a breathable, moisture-wicking, long-lasting fabric that holds its shape and colour and dries rapidly.

What is the company’s return policy?

They are overjoyed that they have chosen to incorporate NicePipes clothing into their training regimen.

They stand 100% behind their stuff. If customers are not totally pleased, they will gladly exchange it for something else they adore or receive a refund in the form of the product’s worth.

They must initiate their return or exchange by contacting [email protected]

NicePipes can be found where?

They may be found on their website, Facebook, and Twitter.

How much is the net worth of NicePipes?

NicePipes’ net worth is estimated to be at $5 million, according to Owler.

Where are NicePipes located?

NicePipes is manufactured in Los Angeles, California.

How would you rate NicePipes?

NicePipes has a rating of 4.5 stars on Amazon.

What made materials are NicePipes made of?

The items are composed of supplex, a water-repellent, elastic fabric that dries rapidly and resists odours.

What is the net worth of Lisa Binderow?

Lisa Binderow’s net worth is expected to be $1 million in 2021.

Are NicePipes successful?

NicePipes has been around for around five years, and the firm is said to have made millions of dollars since its founder debuted on Shark Tank.

What is NicePipes Apparel’s net worth?

NicePipes Apparel’s net worth is estimated to be $5 million.

 

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