Tie-Not makes two devices designed to help people tie knots for tiny water balloons. The founders of Tie-Not, Wayne Siorcin and Scott Smith, pitched their business on Shark Tank in May 2014. They went into the Tank seeking an investment of $125,000 in exchange for 10 percent equity. Investor Barbara Corcoran, who claimed to be the “neighborhood mom to go to” for water balloons, offered them $125k ($50k cash with a $75k credit line) for 25 percent but, alas, Siorcin and Smith declined and left without a deal.
Nearly five years after the Shark Tank episode aired, the product is still available for purchase online. Sikorcin continues to fun the family business, Craftsman Tool & Mold in Aurora, Illinois. According to LinkedIn, in 2018, Scott left his job as Director of Sales at Craftsman & Mold and moved to Madison Heights, Michigan where he became a Director of Sales for DME, another company in the molding machine parts business. New episodes of Shark Tank air Sundays at 9 pm on ABC. [Related: 27 Favorite All-Time ‘Shark Tank’ Products — New List]
