Angel Shave Club Shark Tank Net Worth 2023
Angel Shave Club appeared on Shark Tank in 2023 with an imputed $3 million valuation. The sharks passed on the company’s request for $300,000 for a 10% equity stake.
According to one source, the company wanted customers to subscribe to monthly shipments and promised a quality shave at a cheap price.
What is Angel Shave Club? Who is the Founder of Angel Shave Club?
Angel Shave Club, founded by Iskra Tsenkova, is a shave club designed specifically for women, offering a luxurious shaving experience at an affordable price.
Customers have the freedom to customize their monthly plan by choosing the number of blades, handle color, and delivery frequency according to their preferences.
The company also provides a special First Shave Kit for teenage girls that includes all the essentials needed to begin shaving.
Recently, Angel Shave Club secured a $200,000 investment and entry into an accelerator program with Quake Capital, allowing them to compete more effectively in the rapidly growing subscription service industry. This move has the potential to increase the company’s revenue growth by 100-150 percent.
Along with financial support, the company will benefit from access to various resources, mentorship, networking opportunities, and office space for three months.
According to customer reviews, Angel Shave Club currently holds an average rating of 3.15 stars and is ranked 15th in the shaving category.
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Angel Shave Club Shark Tank Pitch
Iskra Tsenkova, the individual who established and owns Angel Shave Club, along with her partner Brian, approached the Sharks with a proposal to invest $300,000 in exchange for a 10% ownership stake in the company.
Angel Shave Club is a beauty subscription service that offers its customers high-quality razors and other cosmetic products.
Customers can choose to receive razors and replacement blades every 2 or 4 months based on their preferences. Despite this, the Sharks declined to invest in the company and did not present any offers.
Angel Shave Club later revealed that they had secured a $200,000 investment from Quake Capital and had been accepted into their accelerator program.
Unfortunately, due to the Covid-19 pandemic’s impact and lack of funding, the company ceased operations in early May 2020 after operating for three years.
Angel Shave Club Shark Tank Updates
Angel Shave Club is a monthly razor club aimed at women that appeared on Shark Tank in season 10, episode 10. The company was founded by Iskra Tsenkova and Brian Archambo, and they were seeking $300,000 for 10% equity in their business.
The Sharks were concerned about the subscription-based model of the company, which loses customers every few months due to turnover. Unfortunately, none of the Sharks made a deal with Angel Shave Club.
After the show, Angel Shave Club continued doing business for a certain period of time. They received a $200,000 investment from Quake Capital to expand their business.
However, the company ran out of money in the final month of 2019 and is no longer in business. There were rumors that the venture investors had something to do with the company’s demise, but they are just rumors.
Iskra Tsenkova, the founder and CEO of Angel Shave Club, is now working as a part-time yoga instructor. The net worth of Angel Shave Club is unknown as of 2023 since the company went out of business.
Angel Shave Club Shark Tank Table Summary:
| TITLE | DESCRIPTION |
| Company Name | Angel Shave Club |
| Founder | Iskra Tsenkova |
| Valuation on Shark Tank | $3 million |
| Amount Requested on Shark Tank | $300,000 for a 10% equity stake |
| Investment secured | $200,000 from Quake Capital |
| Reason for the investment | To compete more effectively in the rapidly growing subscription service industry |
| Potential revenue growth | 100-150% |
| Products | Monthly razor club for women |
| Customization | Customers can choose the number of blades, handle color, and delivery frequency |
| Special product | First Shave Kit for teenage girls |
| Shark Tank Outcome | The sharks passed on the investment request |
| Angel Shave Club Rating | 3.15 stars |
| Ranking in shaving category | 15th |
| Latest News | The company ceased operations in early May 2020 due to the Covid-19 pandemic’s impact and lack of funding. The net worth of Angel Shave Club is unknown as of 2023 since the company went out of business. |
Angel Shave Club Shark Tank FAQs
What Is Angel Shave Club Shark Tank?
Angel Shave Club is a subscription-based razor club aimed at women. The company was founded by Iskra Tsenkova, who got the idea for the club when she couldn’t distinguish her razor from her husband’s.
The company was pitched on Shark Tank in episode 1010, where Iskra and her husband Brian asked for $300,000 for 10% equity in their business.
The Sharks were concerned that a bigger player would offer a similar service and squeeze them out. Ultimately, none of the Sharks made a deal with Angel Shave Club.
Unfortunately, Angel Shave Club went out of business in late 2019. The company had been struggling financially, and Venture Capital had come in and changed the company’s focus. The company was advertised as the first subscription-based club that supplied high-quality razors and lotions. However, the company failed to gain traction in the market, and the Sharks did not see a way to invest and make their money back in a timely manner.
How Does Angel Shave Club Shark Tank Work?
Angel Shave Club is a monthly razor club aimed at women, founded by Iskra Tsenkova in the spring of 2016. The company delivers razors directly to customers through a subscription-based model.
The idea for Angel Shave Club came to Iskra when she couldn’t distinguish her razor from her husband’s and thought it was time women had a monthly razor club of their own.
The company sells razors to women at a lower price than the average, as women’s razors cost 13% more than men’s on average.
Iskra and Brian Archambo pitched Angel Shave Club on Shark Tank in episode 1010, seeking $300,000 for 10% equity in their business. The Sharks were concerned that a bigger player would offer a similar service and squeeze them out.
They also had issues with the subscription-based model, which loses a chunk of its customers every few months due to turnover. Unfortunately, none of the Sharks made a deal with Angel Shave Club.
After appearing on Shark Tank, Angel Shave Club continued doing business for a certain period of time and received a $200,000 investment from Quake Capital. However, the company ran out of money in the final month of 2019 and is no longer in business.
What Happened To Angel Shave Club After Shark Tank?
Angel Shave Club is a monthly subscription service for razors geared towards women that debuted on Shark Tank in season 10, episode 10.
The founder and CEO of Angel Shave Club, Iskra Tsenkova, asked for $300,000 for 10% equity in the company, but none of the sharks made a deal.
After the show, Angel Shave Club received a $200,000 investment from Quake Capital to expand its business. However, the company ran out of money in December 2019 and went out of business.
Venture Capital came in and changed Angel Shave Club’s focus, which may have contributed to its failure. The article suggests that Angel Shave Club was seen as a pink Dollar Shave Club without a viral video to support it.
The Dollar Shave Club had a viral video and great marketing, while Angel Shave Club was geared toward women but did not exclusively focus on that market.
Iskra Tsenkova, the founder of Angel Shave Club, is now working as a part-time yoga instructor.
Is The Angel Shave Club Shark Tank Still In Business?
No, the Angel Shave Club is no longer in business. The company went out of business in December 2019. The founder of the Angel Shave Club, Iskra Tsenkova, appeared on Shark Tank in Season 10 Episode 10 to pitch her monthly subscription service for razors geared towards women.
She asked for $300,000 for 10% equity but did not receive a deal from any of the sharks. After the show, the company received an investment of $200,000 from Quake Capital to expand its business. However, the company still went out of business in December 2019.
There were some speculations that the COVID-19 pandemic and the venture investors had something to do with the company’s demise. However, the exact reason for the company’s failure is not clear.
The Wet Shave Club, a similar company, also went out of business, and the author of the article believes that the Angel Shave Club failed because it did not stay the course and continued its slow growth strategy.
What Is The Current Valuation Of Angel Shave Club After Shark Tank?
Angel Shave Club appeared on Shark Tank in season 10, episode 10, where they asked for $300,000 for 10% equity in their company. The sharks did not invest in the company, and the founder, Iskra Tsenkova, left the show without a deal.
During the show, Kevin O’Leary asked why they had valued the company at $3,000,000, and Iskra said it was because they were on track to realize $700,000 in sales.
After the show, Angel Shave Club continued to do business for a certain period of time and received a $200,000 investment from Quake Capital to expand their business.
However, they eventually ran out of money in December 2019 and ceased operations. As of 2023, the net worth of Angel Shave Club is unknown.
How does Angel Shave Club operate?
Angel Shave Club is the first women’s shaving subscription service. Women may join the Angel Shave Club and pick between two razors that will be supplied every two or four months.
It is an online boutique subscription shave club exclusively designed for women.
When was Angel Shave Club founded?
Angel Shave Club is a woman-owned business situated in San Diego. Angel Shave Club, founded in early 2016, is the first of its kind, online boutique subscription shave club specifically tailored for women.
Angel Shave Club is giving shave boutiques a much-needed facelift.
Manufacturers are well on their way to delivering a wonderful shaving experience for ladies all around the world at attractively low pricing.
What are the reviews of Angel Shave Club?
Angel Shave Club has a consumer rating of 3.15 stars based on 13 reviews, suggesting that the majority of consumers are pleased with their purchases. Angel Shave Club is ranked 15th in the Shaving category.
What are the complaints?
Most consumer complaints revolve around a lack of customer assistance, which complicates the process of canceling a subscription.
When was Angel Shave Club Shark Tank Pitched?
In Shark Tank episode 1010, Iskra Tsenkova and Brian Archambo pitched Angel Shave Membership for funding. It is a monthly razor club geared toward women.
According to CEO and founder, Iskra Tsenkova, being on Shark Tank has been her dream since the inception of Angel Shave Club in 2016,
What solution does Angel Shave Club bring?
Angel Shave Club is targeting a genuine issue in the grooming business by developing a solution to overpriced women’s shaving products.
Regrettably, owing to Covid-19, the firm went out of business in May 2020.
What is a monthly subscription shave club?
The monthly subscription shave club, which caters exclusively to women, was generated from a realization Tsenkova had while showering and comparing her razor to her husband’s.
What Will Angel Shave Club Do for the World?
Tsenkova maintains her aim of empowering women by contributing a part of every Angel Shave Club sale to aid the fight for gender equality and give goods, education, and employment to girls and women in need throughout the world.
Who are the Female Sharks?
Angel Shave Club’s founders, Iskra Tsenkova and Brian Archambo of San Diego, California, presented their company on Shark Tank.
Tsenkova and Archambo had the opportunity of marketing in front of three female Sharks (a rare occurrence): Barbara Corcoran, Lori Greiner, and special guest Shark Sara Blakely, creator and CEO of Spanx.
Unfortunately, they stepped out of Shark Tank without a deal.
Did angel shave club get a deal on shark tank?
Angel Shave Club exited the Shark Tank without a deal in Season 10 Episode 11.
They did, however, get the attention of venture capital firm Quake Capital following the shark tank, which gave the women’s shaving club a $200,000 investment.
