Do you have a problem that’s been bothering you for a while? How are you handling it? Some people use their issues as opportunities for their businesses. One of them is Patrick Whaley. The idea for Titin: Weighted Shirt originated with Patrick. He came up with this concept to address his childhood eating habits and desire to put on muscle.
Titin, commonly known by its full name “Titin: Weighted Shirt”, is a company that sells a range of goods to improve workouts. Their offerings include shorts and shirts that boost resistance during workouts. Strength and aerobic capacity are enhanced as a result. The wearer won’t experience any pain or tension in the muscles or joints thanks to the even distribution.
Additionally, the hydrogen inlays in the weighted shirts guarantee minimal movement during activity, promoting muscular building. The moisture-wicking fabric used to make the weighted shirts improves placement throughout the body muscles.
Titin Net Worth 2023
Titin: Weighted Shirt was thought to have a net worth of about $10 million but in 2023 it decreases 2.5 million dollars.
Patrick Whaley is credited with starting Titin. Additionally, he serves as the business’s current CEO. He claimed that when he was a skinny child, he used to wear a heavy backpack to help build up his muscles, which is where the idea for weighted shirts originated.
Patrick Whaley began creating heavy clothing prototypes while still in high school because he believed that wearing a weighted shirt or another piece of clothing would be more comfortable than wearing a weighted backpack.
Later, Patrick Whaley enrolled in Georgia Tech’s mechanical engineering programme since he thought that acquiring an education would be essential to aid in the creation of his invention and the ultimate launch of a firm.
Patrick Whaley, however, was wounded in the chest in 2009 while participating in an armed robbery. However, he recovered swiftly because of his tenacity. Patrick decided to use his invention, a weighted shirt, to get back in shape once he had recovered and returned to work. Patrick established Titin in 2020 after realising that his solution was effective when he began to see results.
Titin Throughout Shark Tank
Shark Tank contestant Patrick Whaley requested $500,000 in exchange for a 5% share in his company, giving the business a $10 million value. Whaley explained the business’s origins and generated nearly $1 million in revenue the previous month. However, several Sharks left due to scepticism about the shirt’s scientific validity. Daymond John proposed a price range of $500,000 for a 20% ownership part and took care of the business’s manufacturing and inventories. Whaley eventually accepted Daymond’s offer, despite his initial counteroffer of $500,000 for a 10% interest in Titin.
What transpired after Titin’s Shark Tank transaction?
Following Shark Tank, Daymond John paid $1 million to join Patrick Whaley as a full partner in the business rather than paying $500,000 for a 20% ownership. After this transaction, a man claiming to be the product’s creator accused Patrick and Daymond of fraud.
He unsuccessfully sued Daymond and Patrick. The corporation was no longer operating after all of this drama, and it has been dormant ever since. Although, Amazon does carry those stuff.
