Line Cutterz Update | Shark Tank Season 8

Vance Zahorski created Line Cutterz out of frustration with traditional methods, which were inconvenient and unsafe. His innovative rings are designed to quickly and safely cut fishing lines and hold hooks while tying knots. Let’s find out if he secured a deal in our Line Cutterz update and pitch recap.

If you’re short on time, here’s a quick overview of what happened to Line Cutterz after Shark Tank.

Vance appeared on Shark Tank Season 8 to pitch Line Cutterz, seeking $120,000 for 20% equity. Following his pitch, he made a deal with Daymond John for $120,000 for 33% equity.

In terms of a Line Cutterz update, the company expanded its product line, opened a physical store, and has grown to an annual revenue of around $2 million.

Shark	Result
Daymond John	Accepted offer of $120,000 for 33% equity
Robert Herjavec	No offer
Lori Greiner	No offer
Mark Cuban	No offer
Kevin O’Leary	No offer

Shark Tank Line Cutterz Pitch

• Entrepreneur: Vance Zahorski
• Business: Adjustable and double-sided fishing line-cutting ring
• Ask: $120,000 for 20% equity
• Result: $120,000 for 33% equity
• Shark: Daymond John

Vance began his pitch with a live demonstration of his product, aiming to secure an investment and expand his fishing gear business.

Line Cutterz specializes in fishing accessories designed to enhance the safety and ease of cutting fishing lines.

Their flagship products include the innovative Line Cutterz Rings, convenient Flat Mounts, and versatile Zipper Pulls.

Each one features a patented design with dual stainless steel blades encased in tough ABS plastic. These blades can easily cut both braided and monofilament lines.

The Line Cutterz Ring has an adjustable marine-grade Velcro strap. Users can wear it on their finger or attach it to fishing rods, kayak seats, or boat rails.

The products are available in different colors and can be customized with logos or initials.

Anglers, both casual and professional, love these products because they easily cut through even the toughest lines.

The company sells other fishing items besides the rings, such as cutting armbands, hook puller rings, lunker tamers, and bandit worms.

Moreover, Vance hinted that he’s considering expanding into other products in the future.

After the presentation, the sharks saw potential in Line Cutterz but raised some concerns.

Mark Cuban was worried that the company lacked proprietary features.

Robert Herjavec felt Vance should focus on the line-cutting products instead of getting into clothing.

To counter the sharks’ objections, Vance shared that he had brought in $280,000 in sales within a year.

Each product costs $1.60 to make and sells for $12. He sells his products in 100 stores and on his website.

He also mentioned discussions with Walmart but revealed he had turned down their offer to sell the products for $4.99—a decision Kevin O’Leary thought was a mistake.

While some sharks found the business promising, Mark and Robert decided to exit the negotiations, citing concerns about the company’s uniqueness and Vance’s clothing ambitions.

However, Daymond John, a fishing enthusiast himself, saw potential. He offered $120,000 for 40% equity.

Kevin O’Leary briefly considered making an offer but backed out when Daymond threatened to withdraw his deal.

Lori Greiner also chose not to invest because Vance rejected the Walmart deal.

After some back and forth, Vance accepted Daymond’s offer of $120,000 for 33% equity.

Was this the right investment for Vance at this time? Let’s find out in our Line Cutterz update.

Shark Tank Line Cutterz Update

Our Line Cutterz update found that the deal with Daymond John closed successfully, and the company experienced a remarkable surge in sales.

In just one month after the episode aired, Vance sold more products than he had in the entire previous year.

As the business grew, Vance began exploring new applications for his patented technology beyond the fishing industry.

He envisioned potential uses in scuba diving, cutting guitar and bagpipe strings, butcher’s string, balloon tying, and even crafting.

In 2018, our Line Cutterz update found that Vance had added flat-mount and pole-mount versions of the cutters to give customers more options.

In 2020, Vance took a major step and opened a physical store in West Columbia, Texas.

He operates Line Cutterz from the same location. The company now features an expanded lineup that includes fishing rods, reels, and a variety of apparel and accessories.

At the time of writing, Line Cutterz has over 100,000 followers across its social media pages.

Further solidifying their success, the Line Cutterz ring received official patent status and garnered an impressive 725 reviews on Amazon, with an average rating of 4.5 stars.

Our Line Cutterz update found that the company has grown to around $2 million in annual revenue.

The future looks bright for our next Line Cutterz update!

For more on Shark Tank Season 8 Episode 9, be sure to check out:

• PupBox Update
• Barbell Apparel Update
• ENERGYbits Nutrition Tablets Update

Before you go, check out our Shark Tank Season 8 page for more updates