The Katamco Toilet Timer, featured on Shark Tank Season 12 Episode 7, is a unique bathroom accessory designed to remind users when they have been in the bathroom for more than five minutes. The founders, Adam and Katie, sought $200,000 for 10% equity in their company.
Based in Illinois, Katamco operates as a wholesale retailer and has been in business for a long time. The Katamco Toilet Timer combines fun with practicality, addressing the issue of spending excessive time in the bathroom.
In today’s fast-paced world, many people find themselves rushed and may neglect their health. The Toilet Timer is designed to prevent long bathroom stays that can lead to missed appointments or tasks.
Some individuals have the habit of using their phones in the bathroom, which can lead to extended periods of time spent there. This can potentially cause health issues, including fissures and hemorrhoidal bleeding, as noted by Dr. Rieders.
The Katamco Toilet Timer is a simple solution to this problem. It alerts users when their bathroom time has elapsed, with a timer set for five minutes. For longer durations, users can spin the timer again. This timer can be a fun and practical gift, especially for occasions like Father’s Day.
Katamco, now headquartered in the Great Lakes region of the Midwestern U.S., provides a humorous yet functional solution for managing bathroom time.
| Company Name | Katamco Toilet Timer |
| Founder | Adam Stephey and Katie Stephey |
| Founded | 2015 |
| Product | A 5-minute sand timer that helps you time your bathroom breaks |
| Asked For | $200k for 10% Equity |
| Final Deal | $200k for 20% Equity |
| Shark | Mark Cuban |
| Episode (Shark Tank USA) | S12 E7 |
| Air Date | Dec 4, 2020 |
| Business Status | In Business |
| Website | Visit Website |
| Headquarters | Greater Bloomington, Illinois Area, United States |
| Go To Amazon | Buy Now |
Who Is The Founder Of Toilet Timer?
Adam, who found that his long bathroom stays were causing issues with his wife, decided to address the problem by starting a company. Along with his wife Katie, he founded Katamco, LLC.
Adam Stephey is an entrepreneur and inventor with a Bachelor of Arts degree from Truman State University. After his studies, Adam worked in various roles at organizations such as Heartland Community College, Salem Children’s Home, and Gun Storage Solutions. In March 2016, he took on the role of Cubicular Traveler at State Farm, a position he held for two years. Adam’s invention of Katamco came in 2015.
Katie Stephey is a marketing expert with a Bachelor of Arts degree from Harding University. Her career includes roles at The Baby Fold and Jeffrey Alans. For over 13 years, she served as a part-time Marketing VP at Gun Storage Solutions, where she continues to work. Katie also contributes as a marketing graphic designer for Katamco.
Together, Adam and Katie Stephey have turned their personal challenge into a successful business venture.
Did Toilet Timer Get a Deal on Shark Tank?
Adam Stephey and Katie Stephey, the founders of Toilet Timer, gave a humorous presentation on Shark Tank about their product. They demonstrated its features and benefits, providing a thorough demo session that entertained the sharks.
The founders requested $200,000 for 10% equity, valuing the company at $2 million. They reported that their annual sales reached $1 million by Christmas 2019.
The production cost of the product is $3, while it retails for $14.99. The Toilet Timer is primarily sold on Amazon and through its website, with peak sales during holidays and events.
Kevin O’Leary liked the idea but found it too tasking and decided to pass. Lori Greiner felt that no one could effectively assist with this business and chose to decline the offer.
Barbara Corcoran dismissed it as a gimmick, stating, “It’s not a business, it’s a gimmick.” Daymond John was impressed by the sales report but was not ready to invest at that time.
Mark Cuban saw potential in the business and offered $200,000 for 20% equity.
Katamco Toilet Timer Shark Tank Update
After appearing on Shark Tank, the Toilet Timer quickly gained popularity, with online sales skyrocketing within weeks. The product, which addresses the “poos timer” issue and also serves as a fun gift, saw significant growth due to its affordable price and the positive exposure from the show.
The product is now manufactured in the United States rather than China and has expanded both domestically and internationally, with Mark Cuban playing a key role in its growth.
As of November 2022, the company, which has been operational for over seven years, reported annual revenue of approximately $1.5 million.
Following the Shark Tank episode, 5,000 units of the product were sold within just one week.
What Is Katamco Toilet Timer Net Worth?
The current net worth of Toilet Timer is estimated at $1.1 million, with annual sales consistently increasing. If this trend continues, the company’s valuation could reach $30 million by 2025. The toilet timer is priced at $14.99.
The product remains successful, largely due to effective marketing and robust sales. Most sales occur through Amazon, with global distribution in the United States, United Kingdom, Australia, Canada, and other countries.
On Amazon, the toilet timer has received over 13,000 reviews and maintains a 76% 5-star rating.
Yes, Katamco Toilet Timer is still in business as of April 2024.
