Ash and Anvil Shark Tank Net Worth 2023

Ash and Anvil Shark Tank Net Worth

The net worth of Ash & Erie is estimated to be above $1 million as of February 2023.

Ash & Erie, formerly known as Ash & Anvil, is a clothing company founded by Steven Mazur and Eric Huang in 2015. The company specializes in clothing tailored for men 5’8” and below.

In October 2017, the company appeared on Shark Tank USA and received an investment of $100,000 in exchange for 12.5% of the company.

Since appearing on the show, Ash & Erie has sold over $5 million worth of products.

What is Ash and Anvil? (Now Ash and Erie) Who are the Ash & Anvil founders?

Ash and Anvil is a clothing brand that specializes in creating apparel for men who are 5’8″ and shorter. Their collection includes T-shirts, polos, trousers, and shorts, all made from soft and durable fabrics.

The company was founded in 2015 by Steven Mazur, who is 5’6″, and Eric Huang, who is 5’8″. They both bring distinct skills in business and creative design to the table with Ash and Erie.

Despite being acclimated to and at ease with their unique characteristics, Steven and Eric have always struggled to find clothes that fit well. This struggle inspired them to start their own clothing brand for shorter men.

Ash & Anvil’s clothing line started with shirts and has since expanded to include jeans, shorts, polos, and crew necks. The brand’s items are manufactured in the United States and cost $79 for a shirt and $159 for jeans.

With a successful IndieGoGo campaign that raised $26,461 in seed money, Steven and Eric were able to create modest runs of their initial designs.

Their goal is to not only cater to shorter men but also empower them to feel confident in their appearance.

Ash and Anvil Shark Tank Pitch

On Shark Tank Season 9 Episode 5, Steven and Eric pitched their company, seeking $100,000 in exchange for a 12.5% stake, valuing their company at $800,000.

They started by addressing the issue of finding clothing for shorter men. During their presentation, they revealed their Ash and Anvil shirts, which fit them well.

When questioned, they defined short as five feet eight inches or under. Daymond John, who is also five feet eight inches, compared himself to Eric and Steven.

The company had generated $130,000 in sales over nine months, with a profit margin of 55%, selling shirts for $79 and making them for $35.

Steven revealed that the company’s largest issue was building up inventory, which required more investment.

With 40 million potential customers in the United States who are under five feet eight inches tall, the market was significant.

Robert, Lori, and Daymond all declined to invest for various reasons. Mark Cuban offered $150,000 for a 25% stake, which they declined initially but ultimately accepted.

However, they later found funding without completing the contract with Mark and changed their name to Ash and Erie due to trademark issues.

After the show aired, the company gained mainstream media attention, including features in Slate and Bustle, and appeared on CNN and CNBC.

In May 2018, they reached $1 million in sales, and a year later, they received $1.2 million in venture capital investment. As of December 2021, their revenue was slightly over $1 million per year.

Ash and Anvil Net Worth

Steven and Eric appear on Shark Tank in search of $100,000 in exchange for a 12.5% stake in their company. This equates to an $800,000 value.

They accepted an offer from Mark of $150,000 for 25% equity thus valuing it at $600,000.

Ash and Anvil Competitors

Criquet Shirts is the main competitor of Ash and Anvil.

Ash and Anvil Shark Tank Updates

Ash and Anvil is a clothing company that makes casual button-down shirts and jeans specifically for shorter men who are 5’8″ and under.

The founders of Ash and Anvil, Steven Mazur and Eric Huang, appeared on Shark Tank in Season 9 Episode 5, seeking $100,000 for 12.5% of their business.

During their pitch, they lamented how difficult it is for shorter guys to find clothes that fit well. They invited other short men over to do a fashion show, and the men all agreed that Ash and Anvil’s shirts were the right fit.

Mark Cuban offered them $100,000 for 25% equity, and the deal was closed on the show. However, the deal with Mark never closed, and the guys were able to raise money on their own. After Shark Tank, Ash and Anvil rebranded as Ash and Erie.

The sales of Ash and Erie boosted after its appearance on Shark Tank, and they received thousands of orders online just a day after appearing on the show.

As of 2022, Ash and Erie is generating above $1 million in revenue annually. They have expanded their product line to include sweaters, chinos, premium polos, and summer shorts.

Ash And Anvil Shark Tank Table Summary:

KEY INFORMATION	VALUE
Company Name	Ash & Erie (formerly Ash & Anvil)
Industry	Clothing
Founders	Steven Mazur and Eric Huang
Specialization	Clothing for men 5’8” and below
Investment on Shark Tank	$100,000 for 12.5%
Valuation on Shark Tank	$800,000
Offer from Mark Cuban	$150,000 for 25%
Current Estimated Net Worth (February 2023)	Above $1 million
Main Competitor	Criquet Shirts
Shark Tank episode and investment	Season 9, Episode 5; $100,000 for 12.5% stake by Mark Cuban (later declined)
Sales after Shark Tank	Sold over $5 million worth of products
Revenue in May 2018	Reached $1 million
Venture capital investment	$1.2 million
Net worth (February 2023)	Above $1 million

Ash and Anvil FAQS

How Much Revenue Has Ash & Anvil Made Since Appearing On Shark Tank?

Ash & Erie sold over $1 million worth of merchandise in the six months following their appearance on the show.

As of a more recent update on sharktankblog.com, as of December 2021, the company was making a little over $1 million in revenue per year.

What Was The Outcome Of Ash & Anvil Shark Tank?

Ash & Anvil is a clothing company that makes casual button-down shirts and jeans specifically for shorter guys.

The founders of Ash & Anvil, Steven Mazur and Eric Huang, pitched their retail company on Shark Tank in October 2017, seeking $100,000 for 12.5% of their business.

Mark Cuban offered them $150,000 for 25% of their business, valuing the company at $600,000. However, the deal with Mark never closed as the guys were able to raise money on their own.

After Shark Tank, Ash & Anvil changed its name to Ash & Erie. The company expanded its product line to include sweaters and chinos.

In May 2018, Ash & Erie reported that it surpassed $1 million in overall sales, selling more than 11,000 shirts and 1,100 jeans. The company also enlisted retired NBA basketball superstar Muggsy Bogues to advertise Ash & Erie.

What Happened After Ash & Anvil Shark Tank?

After appearing on Shark Tank, Ash & Anvil rebranded as Ash & Erie. The company is still in business and has continued to sell its high-quality shirts for shorter men.

Since airing on Shark Tank, Ash & Erie has raised over $5 million. As of February 2023, the company’s revenue for 2022 was $2 million. In August 2022, Ash & Erie introduced new premium polos, summer shorts, and rain jackets.

Although the founders of Ash & Anvil, Steven Mazur and Eric Huang, initially accepted Mark Cuban’s offer of $100,000 for 25% equity, the deal never closed.

The company was able to raise money on its own. Since appearing on Shark Tank, Ash & Erie has sold over $5 million worth of shirts.

In May 2018, the company reported that it had surpassed $1 million in overall sales. Ash & Erie has expanded its product line to include sweaters and chinos.

Ash & Erie’s success on Shark Tank has allowed the company to continue to grow and expand its product line. The company’s rebranding has not affected the quality of its shirts, which continue to be popular among shorter men.

What New Products Has Ash & Anvil Introduced Since Appearing On Shark Tank?

Ash & Anvil is a clothing company that specializes in clothes for short men. The company appeared on Shark Tank seeking $100,000 for 12.5% equity.

Mark Cuban offered $100,000 for 25% equity, which the founders accepted. However, the deal with Mark never closed, and the founders were able to raise money on their own.

Since appearing on Shark Tank, Ash & Anvil has introduced new products, including premium polos, summer shorts, rain jackets, sweaters, and chinos.

The company has also changed its name to Ash & Erie due to concerns from a larger business that they were infringing on some of their trademarks. As of February 2023, the company’s revenue for 2022 was $2 million.

Despite the name change, the exceptional quality of Ash & Erie’s shirts has not changed. The company has an inspiring page on its website telling its story, which shows how much they care about helping short men succeed. Since appearing on Shark Tank, Ash & Erie has sold over $1 million in six months.

Why Did Ash & Anvil Rebrand To Ash & Erie?

Ash & Anvil is a clothing company that specializes in apparel for short men, those who are 5’8″ and under. The company was founded by Steven Mazur (5’6″) and Eric Huang (5’8″) in 2015.

The company appeared on Shark Tank in October 2017, where they pitched their retail company. Shortly before their episode aired, they changed their name to Ash & Erie due to concerns from a larger business that they were infringing on some of their trademarks.

Despite the name change, Ash & Erie is still in business and their shirts remain exceptional. The Classic Collection of shirts sells for $79 online, and their slim fit jeans with inseams starting at 25″ sell for $159.

In May 2018, Ash & Erie reported that it surpassed $1 million in overall sales, selling more than 11,000 shirts and 1,100 jeans. The company has expanded its product line to include sweaters and chinos.

In summary, Ash & Anvil changed its name to Ash & Erie shortly before their episode aired on Shark Tank due to concerns from a larger business that they were infringing on some of their trademarks.

The company is still in business and their shirts remain exceptional despite the name change.

Who founded Ash & Anvil?

Steven Mazur (5’6″) and Eric Huang (5’8″) founded the company in 2015.

How much were they seeking in the Shark Tank?

The founders were in search of $100,000 for a 12.5% stake in their company.

Did they get a deal from the Shark Tank?

They accepted Mark Cuban’s offer of $150,000 for 25% equity.

Where can they buy Ash & Anvil garments online?

They can visit their website to purchase the garments online and on Amazon.

What is the Ash & Anvil price range?

The shirts cost $79 and the jeans cost $159.

Where are Ash & Anvil made?

They are made in Detroit, Michigan.

Why did ash and anvil change name?

They changed the name of the firm to Ash and Erie just before their episode aired owing to worries from “a larger organization” that they were infringing on some of their trademarks.

They reached $1 million in sales in May of 2018, around 7 months after they aired.

Where can they find Ash & Erie?

They are headquartered in Detroit, Michigan.

Is ash and anvil legit?

The company is legitimate. Ash & Anvil has not been sued by anyone. The company has received glowing reviews from customers.

How long should a button-down shirt be untucked?

Untucked button-down shirts should be long enough to cover their waist, but not so long that they seem like they’re wearing a dress.

What payment methods do Ash and Erie accepts?

Ash & Erie accept PayPal.

What materials is Ash & Erie made of?

The sweaters by Ash & Erie are manufactured with 30% extrafine merino wool, a soft and sumptuous winter fabric that looks and feels comparable to cashmere.

The remaining fabric is a combination of 35% viscose and 35% nylon knit fabric.

What should the length of a man’s shorts be?

A 7″ inseam or anything near to it is the ideal length and balance for shorter guys.

How are men’s shirts measured?

Wrap the tape measure around the widest part of their chest and back to get their chest measurement.

This is normally just beneath their armpits. Take a deep breath and maintain the tape measure parallel to the ground.

What is net worth of Steven Mazur?

Steven Mazur’s net worth is unavailable.

What is net worth of Eric Huang?

Eric Huang’s net worth is unavailable.