Cut Buddy
DealThe Cut Buddy - multi-curve hair trimming guide tool
Cut Buddy, the the cut buddy - multi-curve hair trimming guide tool, landed on the national radar after pitching the sharks in Season 9, and convinced Daymond John to invest.
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From the show
The Shark Tank pitch
- $300K
- Asked for
- 10%
- Offered equity
- $3M
- Sought valuation
- $300K
- Deal amount
- 20%
- Deal equity
- $1.5M
- Deal valuation
The entrepreneurs faced the sharks in Season 9, Episode 11 in the episode that aired November 12, 2017. Cut Buddy, the the cut buddy - multi-curve hair trimming guide tool, pitched in the Fashion & Beauty category, one of 239 fashion & beauty businesses to brave the Tank across all 17 seasons.
They came in asking $300,000 in exchange for 10% equity, putting a $3M valuation on the business.
Daymond John made the deal at $300,000 for 20% equity. That priced the company at $1.5M, a haircut from the $3M the founders walked in asking for, which is how negotiations in the Tank usually go.
Across Season 9, 65 of 96 pitches ended in a handshake. In the Fashion & Beauty category overall, roughly 58% of pitches have landed a shark across the show's history.
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Frequently asked questions
Where can I buy Cut Buddy?
Check current price and availability on Amazon. Note that some Shark Tank products are discontinued or sold under a new name.
Did Cut Buddy get a deal on Shark Tank?
Yes. Cut Buddy closed a deal for $300,000 in exchange for 20% equity, with Daymond John.
Which shark invested in Cut Buddy?
Daymond John invested in Cut Buddy ($300,000 total as aired).
What season of Shark Tank was Cut Buddy on?
Cut Buddy appeared in Season 9, Episode 11, which aired November 12, 2017.
How much was Cut Buddy asking for on Shark Tank?
The founders asked for $300,000 for 10% of the company, a $3M valuation.
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