Buttercloth Shark Tank Net Worth 2023
Buttercloth appeared seeking an investment of $250,000 in exchange for a 10% ownership stake in the company. This would have valued the company at $2.5 million.
However, during the episode, one of the investors on the show, Robert, offered to invest $250,000 in exchange for a larger ownership stake of 25%. This would have valued the company at $1 million. The company accepted Robert’s offer.
What is Buttercloth? Who Founded Buttercloth?
Buttercloth is a clothing company located in Long Beach, California, that specializes in creating dress shirts that are as comfortable as casual shirts but with a more formal appearance.
Each shirt is made entirely of cotton fiber and has a 6-way stretch. The price range for the shirts on the company’s website is between $98 and $118.
The founder of Buttercloth, Dahn Tran, is originally from Vietnam and moved to California at a young age. He experienced discomfort when wearing formal shirts, so he began to develop textiles that had the same feel as t-shirts.
In 2017, he established Buttercloth to pursue his passion for fashion design. The company caters to individuals who are looking for comfortable shirts with attractive fits and patterns.
Buttercloth prides itself on the uniqueness of its products compared to other well-known brands. The shirts are available in a range of sizes and styles, and the company encourages customers to give gift cards to friends or order surprise boxes in addition to purchasing shirts.
Tran’s story is intertwined with Buttercloth’s. As a child in Vietnam, he worked at his family’s tailor shop and began making his own clothing as he pursued his dream of becoming a fashion designer.
After relocating to California in 1994, he took fashion lessons and eventually paid for an Art and Design course at Otis College with his own money, earning a bachelor’s degree in fashion. Later on, he cashed out his 401k, sold his property, and founded the Buttercloth company.
Buttercloth products are currently available for purchase on Amazon.
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Buttercloth Shark Tank Pitch
In the autumn of 2017, Metta World Peace invested in Buttercloth, bringing with him his celebrity status and expertise in e-commerce.
After retiring from basketball, he studied digital analytics and marketing at UCLA to enter the digital marketing sector and monetize his brand.
Metta was drawn to Buttercloth’s comfortable and well-fitting shirts, even wearing one on the Celebrity Big Brother season finale in early 2018.
In October 2018, Buttercloth’s fashion designer Dahn Tran, business partner Gary Falkenberg, and investor Metta World Peace appeared on Shark Tank seeking a $250,000 investment for a 10% stake in the company, with a $2.5 million valuation.
Although Danh was the primary presenter, Metta and Gary shared their connection with the company. Danh shared his emotional immigration experience and how he sold his property and 401K to launch Buttercloth, which has generated approximately $500,000 in sales since 2017, with all marketing done through social media.
However, client acquisition was a significant challenge, with a cost of around $40 per customer. Kevin and Mark backed out due to concerns about customer acquisition costs, while Lori declined due to a conflict of interest with her other fashion lines.
Charles was not present, leaving Robert as the sole investor. Robert loved the company’s web strategy and offered $250,000 for a 25% stake, which Danh initially protested but eventually accepted.
Since the show aired, Buttercloth has added celebrity sponsorships and released a “Robert Herjavec Collection,” contributing to their $6 million yearly revenue as of June 2021.
They have also expanded their range, adding undergarments in July 2021 and a new fabric called Icy Cotton Polos, which actively cools the wearer and is available in multiple colors and patterns.
The company will release Butter Cloth 10.0 in September 2021, which features a fabric ten times softer than their previous version and is available in both shirts and undergarments.
Table Summary: Buttercloth’s Shark Tank
| INFORMATION | DETAILS |
| Company name | Buttercloth |
| Location | Long Beach, California |
| Founder | Dahn Tran |
| Shark Tank pitch | Seeking $250,000 for a 10% stake in the company, with a $2.5 million valuation |
| Shark Tank investor | Robert Herjavec invested $250,000 for a 25% stake, valuing the company at $1 million |
| Product | Men’s dress shirts made entirely of cotton with a 6-way stretch |
| Price range | $98 to $118 |
| Sales since 2017 | Approximately $500,000 |
| Yearly revenue (as of June 2021) | $6 million |
| New products | Undergarments and Icy Cotton Polos |
| Upcoming release | Butter Cloth 10.0, a fabric ten times softer than previous versions, available in shirts and undergarments |
Buttercloth is a clothing company located in Long Beach, California, that specializes in creating men’s dress shirts made entirely of cotton with a 6-way stretch. The founder of Buttercloth, Dahn Tran, sought a $250,000 investment for a 10% stake in the company, with a $2.5 million valuation, during the company’s appearance on Shark Tank in October 2018. Robert Herjavec invested $250,000 for a 25% stake, valuing the company at $1 million. The company has since added celebrity sponsorships, released a “Robert Herjavec Collection,” and expanded its product line to include undergarments and Icy Cotton Polos. As of June 2021, Buttercloth has a yearly revenue of $6 million. Butter Cloth 10.0, a fabric ten times softer than previous versions, will be released in September 2021, and will be available in both shirts and undergarments.
Buttercloth Shark Tank Updates
Butter Cloth is a clothing brand that produces ultra-soft men’s dress shirts made entirely of cotton, which does not wrinkle or retain body odor. The shirts are designed to be comfortable and feel like a T-shirt while looking like a dress shirt.
Danh Tran, the founder of Butter Cloth, developed the fabric in an effort to make business attire more comfortable. Tran started his career in 2002 when he worked as an associate designer for doll clothes while he strived toward his Fashion Design BA degree.
After working under other designers, Danh managed to become head designer at several prestigious companies before founding Butter Cloth.
Butter Cloth appeared on Shark Tank Season 10 and landed a deal with Robert Herjavec. The entrepreneurs asked for $250,000 for 10% equity and ended up accepting $250,000 for 25% equity from Robert Herjavec.
After passing out samples to each of the sharks, the duo started answering questions about the shirt’s design materials and logistical aspects of the brand.
The sharks seemed pleased to hear that it only costs $20 to make one of these high-quality shirts, allowing for them to have reasonable margins.
After only selling the shirts for seven months, they had already sold more than $500,000 and claimed that they were projected to continue expanding and growing.
In an update segment featured in the following season, we learn that Butter Cloth has made $3 million in sales and sold 30,000 shirts in only seven months. Even in 2023, Danh has not stopped innovating.
He has introduced many new products to the Butter Cloth shop, including Icy Cotton, a fabric designed to keep you cool in the warm weather, and t-shirts, Henleys, face masks, underwear, jackets, and polo shirts.
In September of 2021, they came out with Butter Cloth 10.0, designed to be up to 10x softer than his original invention.
Buttercloth Net Worth
Buttercloth on Shark Tank, seeking $250,000 for a 10% stake in the company. This shows a $2.5 million valuation.
He accepted an offer from Robert of $250,000 for 25% thus valued at $1 million.
Buttercloth Competitors
Butter Cloth Competitors are as follows; Freecultr, Isaora, Greyy, and Bareblow.
Buttercloth FAQS
What Is Buttercloth Shark Tank?
Buttercloth is a clothing brand that produces comfortable shirts for men. The company was founded by Danh Tran and Gary Falkenburg in 2016.
Tran, who was working as a lead designer for Affliction Clothing at the time, wanted to create a dress shirt that was comfortable to wear, like a T-shirt.
Buttercloth shirts are made of 100% cotton fabric and have a patented 6-way stretch that allows for maximum movement and comfort. The shirts are also wrinkle-free, making them easy to wear straight out of the suitcase.
Buttercloth appeared on Shark Tank in Season 10, Episode 4, where Tran and Falkenburg asked for $250,000 for 10% equity in their business.
After passing out samples to each of the sharks, the duo answered questions about the shirt’s design, materials, and logistical aspects of the brand. The sharks were pleased to hear that it only costs $20 to make one of these high-quality shirts, allowing for reasonable margins.
After only selling the shirts for seven months, they had already sold more than $500,000 and claimed that they were projected to continue expanding and growing. Robert Herjavec made an offer of $250,000 for 25% equity, which Tran and Falkenburg accepted.
Buttercloth has since become a successful clothing brand, with its shirts being sold online and in select stores. The company has expanded its product line to include jackets, pants, and accessories.
Robert Herjavec, who invested in the company on Shark Tank, has praised the shirts for their long-fiber cotton and 6-way stretch, saying that they are “something you just have to feel to believe”.
How Does Buttercloth Shark Tank Work?
Buttercloth is a clothing business that was featured on Shark Tank in Season 10, Episode 4. The founder of Buttercloth, Danh Tran, developed the idea for a dress shirt that feels like a T-shirt after years of wearing stuffy dress shirts while working as a lead designer for Affliction Clothing.
Buttercloth is made of a special blend of 100% long fiber cotton with a special manufacturing process that makes it super soft. The shirt is designed to look sharp and presentable while feeling comfortable.
On Shark Tank, Tran asked the sharks for $250,000 in exchange for 10% equity in his company. Metta World Peace (formerly known as Ron Artest) joined Tran and Gary Falkenberg as celebrity spokespersons and investors.
However, none of the sharks invested in Buttercloth. Lori Greiner, one of the sharks, was interested in the product but ultimately decided not to invest because she was working on her own clothing line.
Despite not receiving an investment from the sharks, Buttercloth has continued to grow and expand its product line.
As of 2020, Buttercloth offers a variety of men’s clothing items, including dress shirts, polos, and jackets. The company has also received positive reviews from customers who appreciate the comfort and style of the clothing.
What Is Buttercloth Shark Tank?
Buttercloth is a clothing brand that produces comfortable shirts for men. The company was founded by Danh Tran and Gary Falkenburg in 2016. Tran, who was working as a lead designer for Affliction Clothing at the time, wanted to create a dress shirt that was comfortable to wear, like a T-shirt.
Buttercloth shirts are made of 100% cotton fabric and have a patented 6-way stretch that allows for maximum movement and comfort. The shirts are also wrinkle-free, making them easy to wear straight out of the suitcase.
Buttercloth appeared on Shark Tank in Season 10, Episode 4, where Tran and Falkenburg asked for $250,000 for 10% equity in their business.
After passing out samples to each of the sharks, the duo answered questions about the shirt’s design, materials, and logistical aspects of the brand. The sharks were pleased to hear that it only costs $20 to make one of these high-quality shirts, allowing for reasonable margins.
After only selling the shirts for seven months, they had already sold more than $500,000 and claimed that they were projected to continue expanding and growing. Robert Herjavec made an offer of $250,000 for 25% equity, which Tran and Falkenburg accepted.
Buttercloth has since become a successful clothing brand, with its shirts being sold online and in select stores. The company has expanded its product line to include jackets, pants, and accessories.
Robert Herjavec, who invested in the company on Shark Tank, has praised the shirts for their long-fiber cotton and 6-way stretch, saying that they are “something you just have to feel to believe”.
Is Buttercloth Shark Tank Still In Business?
Yes, Buttercloth is still in business. After appearing on Shark Tank, Buttercloth only grew in popularity, making $3 million in sales and selling 30,000 shirts in only seven months.
Despite the setback of the pandemic, Buttercloth is still selling exclusively on its website and is estimated to have generated more than $5 million a year. The company is predicted to stay in business for a long time and has great potential to expand as the years go by.
Buttercloth is a California-based company that makes formal shirts that feel like a T-shirt, made entirely of “long fiber cotton” and offering six-way stretch and breathability.
The shirts cost between $98 and $118, and it costs between $20 and $25 to create each shirt, including shipping. Buttercloth is also planning to add underwear to its product line.
What Is The Current Valuation Of Buttercloth After Shark Tank?
ButterCloth is a clothing business that was featured on Shark Tank in Season 10, Episode 4. The founder, Danh Tran, developed the business in 2016 while working as a lead designer for Affliction Clothing. ButterCloth produces 100% cotton fabric dress shirts that feel like T-shirts.
After appearing on Shark Tank, Danh Tran secured a $250,000 deal for a 25% stake in his company. As of 2022, ButterCloth has a net worth of over $5 million and an estimated net worth of over $15 million.
The founders of ButterCloth, Danh Tran and Gary Falkenberg, have a net worth of $6 million USD as of 2022.
ButterCloth continues to excel through online sales and marketing, with a strong following on both Facebook and Twitter. The company has also held pop-up events in Los Angeles, where Tran presented a special collection inspired by Robert Herjavec.
In the segment, Herjavec expressed how proud he is of Tran’s success, saying “We’re fellow immigrants, I know how hard it is … he started with nothing and he’s creating the American Dream for himself, for his family, and making me proud”.
Do Butter Cloth shirts run small?
Their shirts are a little smaller in size than other major brands. If they are in between sizes or want a looser fit, please purchase one size higher.
Are Butter Cloth shirts wrinkle-free?
They are convinced that once they wear one of their shirts, they will never wear another.
What is Butter Cloth made of?
According to the Butter Cloth website, their shirts are constructed of 100% natural and sustainable long-fibre cotton with a 6-way stretch for ultimate comfort.
The goods are available in a variety of styles and sizes.
Is Buttercloth any good?
The cloth is quite soft. With the amount of flexibility these shirts provide, it’s difficult to imagine they’re made of 100% cotton.
But when they put it on for the first time, they can definitely tell the difference. Buttercloth has a constant style thanks to its unique hues and contradictory cuffs and collars.
How do Buttercloth shirts fit?
Buttercloth’s button-up fit like it was custom-made for me. The fit is slender, with narrow sleeves and a long torso.
How do they clean Buttercloth?
Laundry at home: Wash in cold water on delicate, then tumble dry on air fluff or lay flat to dry.
Who owns Buttercloth?
Danh Tran founded his now-successful firm Buttercloth after discovering that formal shirts were really uncomfortable.
He went all-in on his aim of making dress shirts as comfy as t-shirts, even selling his home to make it a reality.
Is Buttercloth any good?
The cloth is quite soft. With the amount of flexibility these shirts provide, it’s difficult to imagine they’re made of 100% cotton.
But when they put it on for the first time, they can definitely tell the difference. Buttercloth has a constant style thanks to its unique hues and contradictory cuffs and collars.
What is Buttercloth all about?
Buttercloth is a clothing line that offers shirts and undergarments that are soft, comfortable, durable, and wrinkle-free. Their goods are produced using 100% long-staple cotton.
Where can they buy Buttercloth?
Buttercloth is available online at their website, or on Amazon. They can also visit their retail partners.
Where can they connect with Buttercloth?
They can connect with Buttercloth on Facebook, Twitter, and Instagram.
Where is Buttercloth located?
Situated in long beach, California,
What are the strengths of Buttercloth?
Buttercloth offers a unique, stylish shirt that is both stylish and comfortable. It’s also incredibly soft, which may set it apart from other shirts.
What are weaknesses of Buttercloth?
Finding the right size is a bit difficult so it’s important to have the correct measurements.
What are the different styles of Buttercloth?
Buttercloth shirt, long sleeve, and polo.
Did Buttercloth secure an investment from the Shark Tank?
The company secured $250,000 for a 25% stake in the business from Robert Herjavec.
