Beardaments
DealBeardaments got its big break on Shark Tank in Season 11, and convinced Kevin O'Leary to invest.
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From the show
The Shark Tank pitch
- $150K
- Asked for
- 10%
- Offered equity
- $1.5M
- Sought valuation
- $150K
- Deal amount
- 25%
- Deal equity
- $600K
- Deal valuation
The team stepped onto the carpet in Season 11, Episode 9 in the episode that aired December 1, 2019. Beardaments pitched in the Business Services category, one of 42 business services businesses to brave the Tank across all 17 seasons.
The ask was $150,000 for 10% of the company, an implied valuation of $1.5M.
Kevin O'Leary made the deal at $150,000 for 25% equity. That priced the company at $600K, a haircut from the $1.5M the founders walked in asking for, which is how negotiations in the Tank usually go.
Season 11 saw 96 pitches, and 63 of them closed a deal on air. In the Business Services category overall, roughly 52% of pitches have landed a shark across the show's history.
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Frequently asked questions
Where can I buy Beardaments?
Check current price and availability on Amazon. Note that some Shark Tank products are discontinued or sold under a new name.
Did Beardaments get a deal on Shark Tank?
Yes. Beardaments closed a deal for $150,000 in exchange for 25% equity, with Kevin O'Leary.
Which shark invested in Beardaments?
Kevin O'Leary invested in Beardaments ($150,000 total as aired).
What season of Shark Tank was Beardaments on?
Beardaments appeared in Season 11, Episode 9, which aired December 1, 2019.
How much was Beardaments asking for on Shark Tank?
The founders asked for $150,000 for 10% of the company, a $1.5M valuation.
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