What Happened To Outer After Shark Tank?

Outer After Shark Tank Update: This company offers outdoor furniture that is comfortable as well as sustainable. The Outer Outdoor Furniture Company was founded in 2017 with the goal of providing durable, comfortable, and sustainable outdoor furniture.

The retail market for outdoor furniture in the United States was estimated to be $9.2 billion by 2022. With the increase in population, people are looking for comfortable outdoor furniture, due to which this industry is growing.

What Is Outer?

Outer California Base is an outdoor furniture company that manufactures various outdoor furniture. They currently offer Modular Chairs, Chaise Lounges, Dining Chairs, Ottomans, Sectionals, and Sofas & Loveseats.

All their products give great comfort with unique configurations. An innovative protection cover has been given in it for the protection of outdoor furniture. The average cost of a sofa is $2,500.

Who Is The Founder Of Outer?

The co-founders of Outer Company are Jiake Liu and Terry Lin, both of whom started this company in 2017. Jiake did an internship at Riot Games for a few months during studying computer engineering at The University of Alabama in Huntsville. In 2009, he started his first startup StarDash Computers when he was in college.

Terry Lin is the co-founder of this company and has worked in many popular companies such as Walmart, Casper, Varidesk, and many more.

Outer Shark Tank Update

Company Name	Outer
Founder	Jiake Liu and Terry Lin
Founded	2017
Product	Outdoor Furniture Company
Asked For	$750k for 4% equity
Final Deal	$300k for 22.5% equity
Shark	Lori Greiner
Episode (Shark Tank USA)	S11 E8
Air Date	Nov 17, 2019
Business Status	In Business
Outer Net Worth	$50M *estimated
Headquarters	Santa Monica, California, US
Outer Instagram	View Profile
GO TO AMAZON	Buy Now

Also Read This: What Happened To Easy Treezy After Shark Tank?

Outer On Shark Tank Pitch

Co-founders Jiake Liu and Terry Lin both entered Shark Tank and asked the sharks for $750k for 4% equity. They explained to the sharks about their product and told them about the specialty of the product.

Lori Greiner made a different offer of $750k as a loan for 10% equity + a royalty of $20 per unit sold until $1M is paid. Kevin O’Leary changed his offer to $750k as a loan for 5% equity + a royalty of $20 per unit sold until $1M is paid.

The CO-founders countered Lori with $750k as a loan for 4% equity + a royalty of $20 per unit sold until $750k is paid.

Lori countered another $750k as a loan ie 3% interest 5% equity + a royalty of $30 per unit sold until $750k is paid. Jiake and Terry accept Lori’s offer.

Outer Net Worth

Is Outer Still In Business?

Yes, Outer is still in business as of August 2023.

The Outer outdoor furniture company was started in 2017 and the sales growth also started happening within the company’s inception. At the present time, the company is making revenue of millions of dollars every year.

The current headquarter of this company is in Santa Monica, California, United States, and 11-50 employees are working in it.

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