BearTek Net Worth 2021 – Willie and Tarik McMillan

During their time on Shark Tank, BearTek was valued at $10 million. However, their business has since failed, and the gloves are still available on Amazon. Willie and Tarik are cousins. Willie is an avid motorcycle rider, and Tarik is a skier. Together, they put in $500,000 to help start BearTek. The company now has several potential customers, including military organizations and skiers. As of January 2021, their gloves are still available on Amazon.

The two entrepreneurs began with their passion for the idea of a remote-controlled bike. Willie McMillan, who served in the marines, wanted a safe remote to use while riding his bike. He put his engineering background to use and incorporated the idea into the company’s name. Willie’s brother, Tarik, provided inspiration and investment to the company. Tarik McMillan invested $500,000 in the company’s initial development phase. The Sharks were more interested once they learned that McMillan had invested money in the company.