BeardBrand Net Worth
During Eric’s appearance on Shark Tank, he stated that he was seeking a financial investment of $400,000 in exchange for a 15% stake in his business. This investment would have valued his company at $2,666,666 million.
Eric was hoping that one of the Sharks would be interested in this deal and provide him with the funding that he needed to take his business to the next level.
However, as the episode unfolded, it became clear that Eric would have a difficult time securing the investment he was looking for, as the Sharks had differing opinions about the value of his company and the potential for growth in the men’s grooming industry.
Despite the setback, Eric continued to work hard to grow his business and expand his product line, eventually achieving great success and becoming a leading name in the men’s grooming market.
What is BeardBrand and Who Founded BeardBrand?
BeardBrand is a men’s grooming company based in Austin, Texas that provides products for beard, hair, skin, and mustache grooming, styling, and maintenance.
Eric Bandholz is the founder of BeardBrand.
The company was founded by Eric Bandholz, who worked as a financial advisor at Merrill Lynch in Spokane, Washington, but left the company due to its “no facial hair” policy.
Inspired by a trip to the West Coast Beard & Mustache Championships in Portland, Oregon, Bandholz started a blog and YouTube channel focused on the “bearded lifestyle.”
He then created an Urban Beardsman online forum and began selling products online in 2012, after receiving early notice of an interview with the New York Times.
With only $30 in his pocket, he started the business, which has since grown organically and become profitable.
BeardBrand Shark Tank Pitch
In October 2014, Eric Bandholz made an appearance on Shark Tank to obtain additional funding for BeardBrand.
In his pitch, Eric discussed how he founded his company and defined the term “Urban Beardsman”. He requested $400,000 for a 15% stake in the company, which would value it at $2,666,666.67.
Despite making over $800,000 in sales during his first 18 months of operation and $1.2 million that year, the Sharks were hesitant to invest.
Mark suggested that Eric focus on high-end beard oils, which account for 60% of their revenue and have 80% margins. However, he ultimately decided not to invest.
The other Sharks, including Mr. Wonderful, Lori, and Daymond, also declined to invest due to concerns over the company’s valuation.
Following the show, BeardBrand experienced a surge in sales, thanks to the “Shark Tank Effect”. Eric continued to grow his business and community, and as of March 2019, the company had over 1,000,000 subscribers on their YouTube channel.
The company has since expanded its product line to include fragrances, hair, and skin care products. As of August 2021, the company has annual revenue of $7 million.
BeardBrand Net Worth
When Eric appeared on the show, he announced he was hoping to secure a $400,000 investment in exchange for 15% in his business, a valuation of $2,666,666 million of his company.
BeardBrand Competitors
There are a number of competitors in the facial hair and beard industry. Some notable ones include: Beard Lab, Beardo, The Man Company, Rituels, Bravo Sierra, Harry’s, Bombay Shaving Company, Beardbase, Mancaveinc.
BeardBrand FAQS
Did Beardbrand get a deal Shark Tank?
In 2014, Beardbrand founder and CEO Eric Bandholz appeared on an episode of the television series Shark Tank, but unfortunately didn’t get an investment from the sharks.
What episode was Beardbrand on Shark Tank?
It was season 6 episode 7.
How do they get curls out of their Beard?
Facial hair is truly flat, unlike the cylindrical hair on your head. As a result, even if you have straight head hair, your beard will curl.
Where is BeardBrand?
Beardbrand is an American men’s grooming company based in Austin, Texas.
Who owns BeardBrand?
Eric Bandholz is the owner of BeardBrand.
Where does Beardbrand ship from?
At Beardbrand, we have an office in Austin, Texas; our fulfillment center is located in Spokane, Washington.
What are some of your favorite ways to use Beardbrand products?
To use Beard Wash, just apply a small amount to your beard in the shower (about a quarter’s worth) and massage into a mild lather.
Cleanse your beard and enjoy your favorite scent! After that, use your Beard Softener to finish the job. Beard Softener is a beard conditioner that is similar to hair conditioner.
Is Eric Bandholz still with Beardbrand?
Eric Bandholz is the founder of Beardbrand and he is currently resides in Austin, TX with his wife and a daughter
When was Beardbrand founded?
It was founded in the year 2012.
What is Beardbrand alliance?
The Alliance is a private, online community for people who want to improve themselves and others. Grooming isn’t the only thing the Alliance focuses on. Our members are passionate about talking about men’s grooming, style, and life in general.
Does BeardBrand ship to UK?
Yes, we do ship to international countries
Why did Eric Bandholz leave for Beardbrand?
Bandholz disapproved of the company’s “no facial hair” policy and decided to leave in favour of starting a beard grooming company.
When was Beardbrand on Shark Tank?
In 31 October2014, Beardbrand founder and CEO Eric Bandholz appear on Shark Tank.
What is the meaning of a Bandholz beard?
The Bandholz has a beard that is attached to a moustache. The beard isn’t cut off at 20 cm; it’s left to grow as long as it wants.
How often should they wash their beard over the week?
It all relies on how you live on a daily basis. Washing your beard twice a week is recommended. These beard shampoo, on the other hand, has been designed to be used on a regular basis if necessary.
What exactly is the distinction between Beard oil and Utility balm?
Beard Oil and Utility Balm are both leave-in conditioners that moisturize, soften, condition, and fragrance your beard.
Utility Balm, on the other hand, can be used as a skin moisturizer anywhere on your body to cure dry skin.
Utility Balm contains wax as well. As a result, it can help give your beard a light amount of grip and weight.
How can they get such a thick, full beard?
A process known as “Genetic Growth” is mostly responsible for the development of a thicker, fuller beard.
They can, however, do a few things to help in hair growth. We encourage people to eat a healthy diet, exercise regularly, and take all of their vitamins.
