Show No Towel Net Worth Shark Tank Update

Mothers are always in trouble with their children as they have to multitask in order to make all kids happy. Usually, while they are holding towels for their kid to change their pants, the other one gets annoyed. Obviously, they can’t handle them both at the same time.

Shelly Ehler, the owner of Show No Towel, is on the show to help all mothers out. She introduced her towels which are basically put on like a shirt. The product has a slide in it to get through the head which allows the mother to do other chores without holding the towel.

The owner of Show No Towel is on Shark Tank to request $50K for 25% equity. She even brought her kids to the show with custom-made Show No Towels for the judges to make an impression. Let’s see what she is seeking for.

Show No Towel Net Worth 2024 Shark Tank Update

Shelley Ehler was looking for an investment of $50K in exchange for 25% equity in her company. At the time of the episode, she valued her company at $200K. Although Shelley accepted Lori Greiner’s offer of $75K for 25% equity, the deal never materialized. Thus, the company’s net worth remained at $200K. After the show, Shelley continued the business on her own but faced difficulties and eventually closed it in 2020. As per my rough estimate, the current net worth of Show No Towel in 2024 is around $0 since the business is no longer operational.

Shark(s) name	Offer & Demand	Counteroffer	Accepted?
Kevin O’Leary	Out	N\A	N\A
John Daymond	$50K for 25% equity	$75K for 20% equity	N/A
Lori Greiner	$50K for 25% equity	$75K for 25% equity	Yes
Mark Cuban	$50K for 25% equity	$75K for 25% equity	N/A
Robert Harjavec	Out	N\A	N\A

The Owner’s Backstory

Shelley is a mother of two kids who is constantly watching after them. While dressing them up she was unable to multitask and her younger kid got annoyed. This led to her getting the idea for the Show No Towel.

The product is designed with a slide to be worn like a shirt. Kids don’t have to need their mother to watch their towels for them while they are dressing.

Initial Pitch

The owner is on the show with her product with her kids as a model to show how it works. She requested $50K for a 25% equity stack. She even highlighted that the product is perfect for water parks where people can get in their swimwear anywhere they want. She has also attached a custom-made ribbon according to the waterpark for its advertisement. She has also an account with Legoland California and Six Flags Magic Mountain.

Queries about the Product

Daymond inquired regarding the cost it takes her to make the product and her selling price to the retail and the waterparks. Shelley answered that it cost her $6.50. She sold it for $9 in waterparks and the retail for $19.99. Moreover, her sales to Legoland California are about 240 towels. Thus, she had made $15K from them.

Shark’s Response and Final Decision

Kevin after knowing about her little sales and seasonal business was the first one out.

Before getting any negative response from the other sharks, she pointed out that the towel is loved by kids to use in baths too. She also pointed out that if the sharks will help her out to sell the product in 50 waterparks to sell only 20 towels a day, it will approximately become a million dollars in three months.

Harjavec praised her spirits and enthusiasm but was skeptical about the product. He backed out too.

Shelley also got emotional after telling the sharks about her struggles through four recession years and truly acknowledged her husband and kids for the support to get in the show.

Daymond showed his concerns about the sales. The owner tried to persuade him by revealing that she had been recently contacted by Disney too. To this, Daymond offered her $50K for 50% equity.

Lori saw her struggle in Shelley and she related how she worked hard on QVC for 14 years. She then offered her the same deal as the owner wanted and asked her to put her full efforts into it.

Daymond after hearing Lori’s effort changed his deal and asked for 20% equity for $50K.

Cuban also offered her a deal of $75K for 25% equity.

Lori then played her QVC and women’s card to get Shelley on her side. She even changed her offer to $75K for 25% equity.

Daymond then highlighted that he knows the CEO of Six Flags, and had already worked with Bed Bath and Bye Bye Baby. He also had been a vendor for JCPenney’s for 20 years. He counter-offered again for 20% equity on $75K. Even Cuban tried his luck and pointed out that making connections are not difficult for him.

Shelley asked for a negotiation with her husband and left the hall. She came back and announced that she would go with her heart. Finally, she accepted the deal with Lori.

Product’s Availability

Although Show No Towel started off well, it soon ran into problems. Shelly shared that the deal with Lori never happened and was only for TV. She never received any money from Lori, and the Disney update was made up. In 2016, Shelly stopped running the business due to personal reasons. However, she restarted it in 2018 and sold products online. On August 31, 2020, she closed the business again.

Conclusion

In conclusion, Shelley made a passionate entry on the show and made a deal with Lori but according to her the deal never made a practical appearance. She still continued her business on her own but eventually, she had to shut it down. We can hope for a better future.