What Happened To FlexScreen After Shark Tank?
FlexScreen After Shark Tank Update: FlexScreen is a company and the product of this company is Flexible Window Screen. This company was founded in 2013 by Joe Altieri and as of now, this product is the world’s first flexible window screen.
While inventing the product, Altieri made several prototypes and achieved a successful outcome. He started supplying it to window manufacturers and dealers after the product was made. To expand the business, Altieri began to sell directly to the consumer.
To tell people about the product, he took the help of digital marketing and due to this, his sales reached millions of dollars.
What is FlexScreen?
FlexScreen is a flexible window screen and this screen can prevent dirty and insect pests from entering the house. Apart from this, this screen is also Sun + UV Protectant.
It is very easy to install and remove this screen as it is entirely flexible. There are different options of flexscreen, you can buy according to your need. the cost of the standard screen is $64.95 and the FlexView Solar costs $84.95.
Who Is The Founder Of FlexScreen?
The founder and CEO of this business is Joe Altieri. After graduating from Penn State University in marketing, Altieri worked as a sales manager for Shapes Unlimited Inc for 3 years.
He started a digital marketing company Reflex Brands in 2019.
FlexScreen Shark Tank Update
| Company Name | FlexScreen | |
| Founder | Joe Altieri | |
| Founded | 2013 | |
| Product | World’s first and only flexible window screen | |
| Asked For | $800k for 6% equity | |
| Final Deal | $400k for 50% of retail business + $400k line of credit | |
| Shark | Lori Greiner | |
| Episode (Shark Tank USA) | S11 E10 | |
| Air Date | Jan 5, 2020 | |
| Business Status | In Business | |
| FlexScreen Net Worth | $450k *estimated | |
| Headquarters | Export, Pennsylvania, US | |
| FlexScreen Instagram | View Profile | |
| GO TO AMAZON | Buy Now | |
Also Read This: What Happened To HummViewer After Shark Tank?
FlexScreen on Shark Tank Pitch
Joe Altieri, after entering Shark Tank, demanded $800k from the sharks for 6% equity. After hearing this demand, all the sharks were surprised.
He had annual sales of $400k in the (2015) first year, $2 million in the 2nd year, $3.5 million in the 3rd year, and $5.1 million in the last year(2018). Last year the gross margin was $700,000 because Altieri buys the product for $10 and sells it for $11.50.
Barbara offered $400k + $400k as a line of credit for a 50% stake in the retail business only.
Kevin O’Leary made an offer of $500k for a 20% equity, contingent on a deal with a big window manufacturer. Lori Greiner matched Barbara’s offer. Altieri accepted Lori’s offer.
FlexScreen Net Worth
The net worth of the Flexscreen is estimated at $60 million. The valuation of this company was $13.3 million in Shark Tank but has increased up to 5 times in the present.
he founder of the company is partnering with big windows and screen manufacturers to expand the business.
Is FlexScreen Still In Business?
Yes, FlexScreen is still in business as of August 2023.
FlexScreen is a successful Shark Tank company, Lori has helped this company grow by investing. Along with focusing on this business, Altieri is also running his own digital marketing company.
The current headquarter of this company is in Export, Pennsylvania, United States, and 100-200 people are working in it.
FAQs
The founder and CEO of this business is Joe Altieri.
The Net Worth of FlexScreen is estimated at $60M.
Yes, FlexScreen is still in business as of August 2023.
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