BeardBrand Shark Tank Net Worth 2023 | BeardBrand Shark Tank Updates

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 becomes 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 skincare 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 Shark Tank Updates

BeardBrand is a company that provides high-quality, natural beard and mustache care products for beardsmen. The founder, Eric Bandholz, appeared on Shark Tank in 2014 seeking a $400,000 investment in exchange for 15% of the business, which valued the company at $2.6 million.

During the pitch, Eric explained what an Urban Beardsman is and how he made his community. However, none of the Sharks made an offer, and Eric left the Tank without a deal.

After the show, sales of BeardBrand products increased, as is usually the case with the Shark Tank Effect. Eric continued to grow his business and community, and in 2021, the company added fragrances, hair, and skincare products to the line.

As of 2022, the net worth of BeardBrand appears to be around $5 million. The company is doing well, with $7 million in annual revenue.

The Shark Tank experience was a ride for Eric, and he feels lucky for the opportunity to share BeardBrand’s story with a national audience. Although he did not get a deal on the show, he is grateful for the experience and the chance to bring his business to the next level.

BeardBrand Shark Tank Table Summary:

INFORMATION	DETAILS
Company Name	BeardBrand
Founder	Eric Bandholz
Year Founded	2012
Location	Austin, Texas
Products	Men’s grooming products for beard, hair, skin, and mustache grooming, styling, and maintenance
Shark Tank Appearance	2014
Funding Requested on Shark Tank	$400,000
Stake Offered	15%
Company Valuation	$2,666,666 million
Annual Revenue (as of August 2021)	$7 million
Competitors	Beard Lab, Beardo, The Man Company, Rituels, Bravo Sierra, Harry’s, Bombay Shaving Company, Beardbase, Mancaveinc
Net Worth (as of 2022)	$5 million

BeardBrand FAQS

What Is Beardbrand Shark Tank?

Beardbrand is an American men’s grooming company based in Austin, Texas, that sells products for grooming, styling, and maintaining beards, hair, skin, and mustaches.

In 2014, Beardbrand founder and CEO Eric Bandholz appeared on an episode of the reality television series Shark Tank in an effort to accrue more funding for Beardbrand.

During the episode, Bandholz asked for $400,000 in exchange for 15% of the company. However, none of the sharks made a deal with Bandholz.

Despite not receiving an investment from the sharks, Beardbrand went on to become a household name and generate over $100 a month in revenue.

The company’s mission is to change the way society views beardsmen by replacing negative stereotypes of being lazy or unkempt with a new perception of being classy, well-groomed, and stylish.

Beardbrand’s marketing strategy includes aggressively marketing itself across several platforms like YouTube, Tumblr, and Reddit, and launching its online store. The company’s products include beard oils and beard grooming accessories.

Most of the sales come from the company’s online website, but Eric is looking for ways to expand its presence.

How Does Beardbrand Shark Tank Work?

BeardBrand is a company that provides high-quality, natural beard and mustache care products for beardsmen. The founder of BeardBrand, Eric Bandholz, appeared on Shark Tank in 2014 to pitch his line of beard oils and grooming accessories.

During his pitch, Eric explained what it means to be an Urban Beardsman and how he made his community.

He asked for $400,000 for 15% of the business, but none of the Sharks made a deal. Despite not receiving an investment from the Sharks, BeardBrand went on to become a household name and generate over $100 a month in revenue.

BeardBrand’s Shark Tank experience was an emotional roller coaster for Eric. He felt lucky for the experience and the opportunity to share BeardBrand’s story with a national audience.

Eric interacted with the Sharks, who are fun-loving, energetic, and passionate people. Although the Sharks did not invest in BeardBrand, Eric is grateful for the experience and the opportunity to share his story with a national audience.

BeardBrand’s Shark Tank appearance did not result in a deal, but it did not stop the company from becoming a household name and generating over $100 a month in revenue.

The company’s marketing strategy focuses on changing the way society views beardsmen by replacing negative stereotypes of being lazy or unkempt with a new perception of being classy, well-groomed, and stylish.

Most of the company’s sales come from its online website, but Eric is looking for ways to expand its presence.

What Happened To Beardbrand After Shark Tank?

BeardBrand is a company that provides high-quality, natural beard and mustache care products for beardsmen. The founder, Eric Bandholz, appeared on Shark Tank seeking a $400,000 investment in exchange for a 15% stake in his business.

However, none of the Sharks made an offer, and Eric left without a deal. Despite this setback, BeardBrand continued to grow rapidly, and in the immediate aftermath of the show, sales went up.

As of 2023, BeardBrand is still in business and has expanded its product line to include fragrances, hair, and skincare products.

BeardBrand’s success can be attributed to its ability to tap into a growing market of bearded men who care about grooming and style. Eric identified this market and created a brand that resonated with them, calling them “the urban beard”.

Despite not receiving an investment from the Sharks, Eric’s appearance on Shark Tank helped to increase brand awareness and sales for BeardBrand.

Is The Beardbrand Shark Tank Still In Business?

Yes, Beardbrand is still in business. The company was featured on Shark Tank in Season 6, where Eric Bandholz pitched his beard grooming products and asked for $400,000 for 15% equity, but he did not receive a deal.

Despite not receiving a deal, Beardbrand has grown rapidly over the years and now carries a variety of high-quality beard oils, mustache wax, beard and shave soaps, grooming kits, and everything required to achieve the Urban Beardsman look. The company is doing well with $7 million in annual revenue.

BeardBrand is headquartered in Texas. The post gives his perspective on appearing on the show and how it impacted his business. The website is well-designed and high-end, reflecting the quality of the products.

In conclusion, BeardBrand is still in business and has grown significantly since appearing on Shark Tank. The company offers a wide range of high-quality beard grooming products and has a well-designed website.

What Is The Current Valuation Of Beardbrand After Shark Tank?

Beardbrand appeared on Shark Tank seeking a $400,000 investment in exchange for a 15% stake in the company, valuing it at $2.6 million. However, none of the Sharks made an offer, leaving Eric without a deal in the tank.

Despite this, BeardBrand has grown rapidly over the years, and it generates $40,000 per month. As of 2022, the net worth of Beardbrand is around $5 million.

Did Beardbrand get a deal with 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 beards?

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 it 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 a 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 the 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 the 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 favor of starting a beard grooming company.

When was Beardbrand on Shark Tank?

On 31 October 2014, 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 mustache. 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. This 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.