What Happened to BeardBrand after the Shark Tank Pitch?

What is BeardBrand?

BeardBrand is an Austin-based American men’s grooming company. It provides grooming, styling, and maintenance products for beards, hair, skin, and mustaches.

Who founder BeardBrand?

Before starting BeardBrand, Eric Bandholz worked as a financial adviser at Merrill Lynch in Spokane, Washington.

Bandholz established a beard grooming business after becoming unsatisfied with the company’s “no facial hair” policy.

He was motivated by a trip to the West Coast Beard & Mustache Championships in Portland, Oregon.

He quickly launched a blog and a YouTube channel devoted to “the bearded lifestyle.”

In the fall of 2012, after receiving advance notice of an interview with the New York Times, he launched an Urban Beardsman internet community and began selling items online.

He started an internet company and began selling products with only $30 in his pocket! Since then, the Beard Brand firm has grown organically and profitably.

What Happened to BeardBrand During the Shark Tank pitch?

Bandholz appeared on an episode of Shark Tank on October 31, 2014, in an attempt to raise further funds for BeardBrand.

In the opening scene, Eric combs his beard as part of a beard and mustache competition. He explains how he grew his business while never paying himself a dime.

Eric entered the Tank and asking for $400,000 in exchange for 15% of the firm, valuing the company at $2,666,666.67.

Eric explains what an Urban Beardsman is and how he created his club. He applies beard oil to his beard while narrating the rebirth of the beard. He sells beard kits to the Sharks.

Mr. Wonderful is dissatisfied with the pricing. Eric achieved more than $800,000 in sales in his first 18 months of business and $1.2 million this year.

Lori steps up and rubs her hand across Daymond’s beard, but he retorts that he isn’t comfortable touching another man’s beard.

Mark feels he should concentrate on high-end beard oils, which account for 60% of their business and have 80% margins.

Mark believes that recovering his money would be too difficult, so he withdraws.

Robert doesn’t have a beard and is also single.

Lori is in the same boat.

Mr. Wonderful, who feels the company isn’t worth what Eric is asking, has also opted to depart.

Daymond says he likes Eric but doesn’t like the price tag, so he’s leaving as well.

What Happened to BeardBrand Following a Shark Tank Pitch?

As is typical of the Shark Tank Effect, sales skyrocketed in the immediate following of the broadcast. Eric expanded both his business and his neighbourhood.

As of March 1, 2019, the company’s YouTube channel had over 1,000,000 subscribers. Their channel has films on beards, grooming advice, barbershop footage, and other videos regarding keeping a beard.

Fast forward to August 2021, and they’ve expanded the range to include perfumes, hair, and skin care items. With annual sales of $7 million, the firm is doing well.

What is the Net Worth of BeardBrand?

When Eric went on the show, he stated that he was seeking to acquire a $400,000 investment in exchange for 15% ownership of his firm, which was valued at $2,666,666 million.

Who are the Competitors of BeardBrand?

The facial hair and beard sector is crowded with rivals. Beard Lab, Beardo, The Man Company, Rituels, Bravo Sierra, Harry’s, Bombay Shaving Company, Beardbase, and Mancaveinc are a few examples.

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BeardBrand FAQS

1. How did Eric Bandholz start BeardBrand?

Bandholz quit his job to establish a beard grooming business after becoming unsatisfied with the company’s “no facial hair” policy.

He was motivated by a trip to the West Coast Beard & Mustache Championships in Portland, Oregon.

He quickly launched a blog and a YouTube channel devoted to “the bearded lifestyle.”

In the fall of 2012, after receiving advance notice of an interview with the New York Times, he launched an Urban Beardsman internet community and began selling items online.

2. Did the Beardbrand shark tank investment work?

Despite not securing an investment in the Shark Tank, Beardbrand sales in the week following the episode suggest that this appearance has resulted in a significant increase in sales.

3. Who are the Competitors of BeardBrand?

The company’s main competitors in the industry are Rituels Cosmetics, Beards and Mustaches, Bombay Shaving Company, Black Tie Razor Company, Harry’s, Man Company, and The Art of Shaving.

4. How much was Eric Bandholz seeking in the Tank?

He was seeking $400,000 for 15% of the company.

6. What is the revenue of BeardBrand?

As of August 2021, the company generates around $7 million in annual sales.

7. How much were sales before the Tank?

Eric achieved more than $800,000 in sales in his first 18 months of business and $1.2 million this year.

8. Who invested in BeardBrand Company?

Mark Cuban, Lori Greiner, Daymond John, and Kevin O’Leary all declined to invest in the company.

9. What happened to BeardBrand after the Shark Tank?

The good news is that BeardBrand sales increased in the week following the episode. As of March 1, 2019, the company’s YouTube channel had over 1,000,000 subscribers.

Their channel has films on beards, grooming advice, barbershop footage, and other videos regarding keeping a beard.

10. What was the time when BeardBrand Company was founded?

The company was founded in 2012 by Eric Bandholz.

11. What are the products offered by BeardBrand?

The firm offers beard care products for men, including a moisturizer, hairspray, beard oil, beard butter, beard balm, and more.

12. When was Beardbrand on Shark Tank?

In 31 October2014, Beardbrand founder and CEO Eric Bandholz appear on Shark Tank.

13. Where is BeardBrand headquartered?

The firm is headquartered in Austin, Texas.

14. Who is the CEO of BeardBrand?

Eric Bandholz is the CEO of Beardbrand.

15. Is BeardBrand a public company?

No, it’s privately held Company.

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