Line Cutterz is worth over $2 million in 2023. Do keep in mind that Daymond John owns 33% of Line Cutterz, so, Vance Zahorski’s net worth is not equal to what Line Cutterz is worth today.
Since he owns 66% of the company, Vance Zahorski is worth just over $1 million in 2023.
Line Cutterz got a deal worth $120,000 on Shark Tank. The company has since been growing and it’s projected to be worth $3 million in 2023.
On Shark Tank, you may see that most entrepreneurs don’t even get a deal. While others impress the sharks and bag a good chunk of money for their businesses.
Shark Tank is all about business and investment. The sharks are multi-million dollar assets with extensive experience in how to set up and scale businesses from nothing. And, as soon as they see a business doing just that, they invest and support the new entrepreneurs while they make money on equity.
This time, we’re here with the story of Line Cutterz, a product that’s loved by many fishermen out there. The product was pitched by Vance Zahorski on Shark Tank.
Did he get a deal? Is the business still running? How much is Line Cutterz worth in 2023? These are the most awaited questions that we’ll be answering in this article.
Line Cutterz – A Fishermam’s Paradise
Vance Zahorki was fishing like usual and all of a sudden, he caught a 3 feet shark and he had to cut the rope. Now, this is the problem that’s faced by a lot of fishermen out there. One, they don’t expect to be in such a situation where they have to cut the line, two, they usually have something sharp, just in case.
Coming to Zahorski, the 3 feet shark was pulling, so, he pulled the sharp knife. Since there was panic, he dropped the knife and tried cutting with his teeth. He did succeed but he knew that it wasn’t just the right way. “There has to be another way,” thought Zahorski, and came up with a ring to cut the line.
Image Source: ABC
And that is how Line Cutterz was born. A ring you wear while fishing and as soon as you see in a position where you have to cut the line, use the ring and cut every line!
What’s Unique about Line Cutterz?
Well, the Line Cutterz ring isn’t just for a single type of line. The ring has some good uses; if you’re wearing the ring fishing, you won’t have you use your teeth to cut the line.
The Line Cutterz ring cuts lines of
- 30 Pounds test monofilament line
- 30 Pounds test fluorocarbon line
- 50 Pounds (braided nylon)
- 100 Pounds test braided fishing nylon
The best thing about the design is that as sharp as the ring may be, you can’t cut your skin thanks to its convenient design.
Did Line Cutterz Get a Deal on Shark Tank?
Well, yes, but the episode was a little dramatic. Most of the sharks including Mark Cuban didn’t believe in the project and were out. Even though the founder Vance Zahorski was positive about the future success of the product, the panel, except one, didn’t agree with his views.
Daymond John was another story. He did believe in the product and was ready to invest in Line Cutterz. “I’ll give you $120,000 for 40% of the company,” proposed Daymond John. And the founder Vance Zahorski didn’t like the offer.
He wanted to hear from Mr. Wonderful, but Daymond seemed to be offended. When Vance did listen to Kevin, and unfortunately, Kevin was out, Vance and Daymond were left standing at a crossroads. “Take it or leave it,” said Daymond John to Vance Zahorski.
Zahorki countered the offer and offered to give up 25% of the company for $120,000. But Daymond, as said, was offended by the fact that he wanted to listen to other sharks and didn’t value his offer.
“I don’t think you just heard what I said… You would’ve had that shot, two sharks ago,” added Daymond. After a drama, Daymond John and Vance Zahorski did end up on the same page and closed the deal for $120,000 for 33% of the equity in Line Cutterz.
Is Line Cutterz Still in Business in 2023?
The fishing equipment company did get a deal on Shark Tank which gave the business exposure in the fishing market. The website at that point was just okay, but as they received more orders, we saw that many new products are being launched by Line Cutterz from time to time.
Line Cutterz Best Products
The company, after successfully launching the ring, has launched new products to help assist fishermen in their mundane tasks. These are some of the best products, according to the internet.
Dual Hybrid Micro Scissors
Image Source: Line Cutterz
Line Cutterz offers a convenient and versatile dual hybrid fishing line cutter that cleanly cuts all types of fishing lines, attachable to hats, lanyards, and retractors for easy access, suitable for all types of fishing.
Ceramic Blade Ring
Image Source: Line Cutterz
Line Cutterz Ceramic Blade Ring is a durable and rust-proof ring that can easily slice through monofilament, fluorocarbon, and braided fishing lines, with a convenient adjustable strap that fits all sizes and is suitable for all types of fishing.
The old ring has now been replaced with new products, which is a sign of the growth of Line Cutterz.
According to Ubersuggest, the website linecutterz.com is receiving more than 6,500 unique users every month. Upon searching on Amazon, their products are there but there aren’t many orders or reviews, which means that most of their business is taking place on the website.
Line Cutterz Net Worth in 2023
After valuing the company at $360,000 in the Shark Tank deal, the company has seen some growth in recent years. According to Market Realist, the business doubled its value after the Shark Tank valuation. So, taking these factors into account, Line Cutterz is worth over $2 million in 2023. Do keep in mind that Daymond John owns 33% of Line Cutterz, so, Vance Zahorski’s net worth is not equal to what Line Cutterz is worth today.
Since he owns 66% of the company, Vance Zahorski is worth just over $1 million in 2023.
Final Words
To summarize, Line Cutterz was a successful company thanks to the efforts made by founder Vance Zahorski. He did get a deal on Shark Tank but had to give up 33% of the company. But, on Shark Tank, there comes positive exposure and opportunity for growth.
Line Cutterz did grow its business and is now selling different fishing equipment all over the US. The company is now worth just over $2 million. The founder owns 2/3rd of the company while the remaining 33% is owned by shark Daymond John.
Frequently Asked Questions (FAQs)
Line Cutterz was founded by Vance Zahorski from Lake Chetek, Wisconsin. Now, he owns 66% of the company while shark Raymond John owns the remaining 33% of Line Cutterz.
Yes, the founder Vance Zahorski did get a deal on Shark Tank. Shark Raymond John closed the deal for 33% of Line Cutterz, paying $120,000.
Vance Zahorski was fishing and he caught a three-foot shark, requiring him to cut the line. Unfortunately, he didn’t have anything sharp to cut the line, so was born a ring, sharp enough to cut even the strongest fishing lines, called Line Cutterz.
Line Cutterz was featured on Shark Tank Season 8 Episode 9, where the founder Vance Zahorski closed $120,000 and gave up 33% of Line Cutterz to shark Raymond John.
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