Elephant Pants Shark Tank Net Worth 2023
Elephant Pants is a company that sells comfortable elephant-themed apparel. It appeared on Shark Tank in 2023 and asked for $500,000 for 10% of the company, suggesting a $5 million valuation.
Daymond John offered an investment of $500k for 20% equity. The company’s net worth was estimated to be around $7 million in 2022.
What are Elephant Pants? Who Founded Elephant Pants?
Elephant Pants have gained popularity among both tourists and locals in Northern Thailand as comfortable and loose-fitting trousers featuring an elephant pattern.
These pants are also commonly referred to as Hippie Pants or Harem Pants. The founders of Elephant Pants are James Brooks and Nathan Coleman.
In 2014, while on a trip to Thailand, friends James Brooks and Nathan Coleman discovered locally-made clothing shops that honored elephants through their creations.
During their visit, Coleman purchased several pairs of elephant-print trousers from a shop in the tourist town of Chiang Mai. The positive responses they received from wearing these pants sparked the idea for their business, Elephant Pants.
Elephant Pants Shark Tank Pitch
They started their company by successfully raising $8,426 on Kickstarter. Their initial product was a one-size-fits-all pair of pants priced at $24.95, available on Amazon and in yoga classrooms and small retail stores throughout the country.
The company has since expanded to include fleece-lined pants, yoga pants, shorts, shirts, and more.
For every sale, the company donates one dollar to the African Wildlife Foundation’s Say No campaign, which aims to reduce demand for ivory through education.
During their pitch on Shark Tank, the founders arrived with a paper mache elephant dressed in pants but ultimately revealed their true product and their efforts to save elephants.
Despite some of the Sharks finding the pants unappealing, the company had made $7 million in sales in two years, largely through targeted Facebook campaigns.
While some Sharks offered lines of credit with equity, the founders ultimately made a deal with Daymond for $500,000 in exchange for 15% ownership and 2.5% advisory shares.
However, as of February 2019, the company’s corporate website was inactive, and its products were no longer available on Amazon.
An email from a representative of a similar company indicated that The Elephant Pants had gone out of business and sold their company to a Chinese supplier, though it’s unclear whether they retained control of their domain name, TheElephantPants.com, which now redirects to a different website.
Elephant Pants Shark Tank Updates
The Elephant Pants is a company that sells comfortable elephant-themed apparel, including baggy, harem-style pants, and accessories with a purpose.
The company was founded by Nathan Coleman and James Brooks, who appeared on Shark Tank in Season 8 Episode 18, seeking $500,000 for 10% of their business.
During their pitch, they revealed that they had $7 million in sales over two years, which impressed the Sharks. Daymond John eventually made a deal with them, offering $500,000 for 15% equity with 2.5% in advisory shares.
After their appearance on Shark Tank, Elephant Pants managed to garner $500,000 partnering with Daymond, which helped them in their marketing, expanding, and diversifying their apparel range beyond just harems.
They also donated $30,000 to help save elephants. However, as of February 2019, the company website is dark, and its social media pages have been dormant since December 2018. James Brooks, the co-founder, left Elephant Pants in late 2017.
It is unclear what happened to the company after its appearance on Shark Tank, and whether they are still in business or not.
Elephant Pants Shark Tank Pitch Summary and Updates
| SUMMARY | DETAILS |
| Company | Elephant Pants |
| Founders | James Brooks and Nathan Coleman |
| Year of Shark Tank appearance | 2023 |
| Amount requested | $500,000 for 10% of the company |
| Valuation | Suggested a $5 million valuation |
| Offer from Daymond John | $500k for 20% equity |
| Company’s net worth in 2022 | Estimated to be around $7 million |
| Products | Comfortable elephant-themed apparel |
| Donations | $1 from every sale donated to African Wildlife Foundation’s Say No campaign |
| The deal made with Daymond | $500,000 for 15% ownership and 2.5% advisory shares |
| Elephant Pant’s net worth | $3.3 million |
| Competitors | Kids Harem Pants |
| Status as of 2019 | Website inactive and products no longer available on Amazon |
| Updates | Received $500,000 from Daymond, expanded and diversified product range, donated $30,000 to help save elephants.
Co-founder James Brooks left the company in late 2017. It is unclear whether they are still in business or not. |
Elephant Pants Net Worth
James and Nathan stroll in and ask for $500,000 for 10% of their company, suggesting a $5 million valuation.
Daymond John made Nathan Coleman and James Brook an offer of $500,000 for 15 percent Plus 2.5 percent in advisory shares. This brings the company’s valuation to $3.3 million.
Elephant Pants Competitors
Kids Harem Pants is The Elephant Pants’ biggest rival.
Elephant Pants FAQS
What Is Elephant Pants Shark Tank?
Elephant Pants is a company that appeared on Shark Tank seeking funding in exchange for equity The company was founded by Nathan Coleman and James Brooks after they discovered elephant pants, baggy harem-style pants, on a trip to Thailand in 2013.
They decided to start a business selling comfortable elephant-themed apparel. During their pitch on Shark Tank, they revealed that they had generated over $7 million in revenue over two years, with 95% of sales coming from e-commerce platforms.
The Sharks were impressed and intrigued by the company’s success and mission to save elephants.
The company’s mission is to reduce the demand for ivory through education. They donate a portion of their sales revenue to external organizations helping to save elephants.
Their products are made in Chiang Mai, Thailand by a team that is paid twice the minimum wage, provided with healthcare, and given a green environment to work in.
After their appearance on Shark Tank, Elephant Pants received funding from Daymond John in exchange for 15% equity and 2.5% in advisory shares. However, it appears that the company has not been able to sustain its initial success.
Their social media pages have been dormant since December 2018, and James Brooks, the co-founder, left the company in late 2017. Nathan Coleman’s LinkedIn profile indicates that he was the CEO and founder of Elephant Pants from September 2014 to December 2014.
How Does Elephant Pants After Shark Tank?
Elephant Pants is a company that sells comfortable elephant-themed apparel, including pants, tops, and accessories.
The company was founded by Nathan Coleman and James Brooks after they discovered elephant pants on a trip to Thailand in 2013.
In their Shark Tank pitch, they asked for $500,000 for 10% of their business. Daymond John made a deal with them for 15% equity with 2.5% in advisory shares on top.
After their appearance on Shark Tank, Elephant Pants continued to grow and expand their product line.
They now produce a variety of garments and accessories, including loungers, harem pants, stretch pants, yoga pants, pleated pants, shorts, kimonos, and more. The company generated over $7 million in revenue before its Shark Tank pitch.
However, Elephant Pants has faced some challenges since their appearance on Shark Tank. James Brooks left the company in late 2017, and Nathan Coleman’s LinkedIn profile indicates that he was the CEO and founder of Elephant Pants from September 2014 to December 2014.
As of February 2019, the company’s website is dark, and its social media pages have been dormant since December 2018. It appears that Elephant Pants was not able to sustain its initial success.
What Happened To Elephant Pants Shark Tank?
Elephant Pants appeared on Shark Tank in Season 8, Episode 18, seeking $500,000 for 10% equity. The company sold comfortable elephant-themed apparel, including baggy, harem-style pants.
The Sharks were initially unimpressed with the designs but changed their tune after Nathan and James revealed sales numbers – the company had generated over $7 million in revenue over two years.
Daymond John ultimately made a deal with Elephant Pants, offering $500,000 for 15% equity with 2.5% in advisory shares.
After their appearance on Shark Tank, Elephant Pants managed to garner $500,000 in funding from Daymond John, which helped them with marketing, expanding, and diversifying their apparel range beyond just harems.
They also donated over $127,000 of their sales revenue to external organizations helping save elephants. However, as of February 2019, the company website is dark, and its social media pages have been dormant since December 2018.
James Brooks, the co-founder, left Elephant Pants in late 2017. It is unclear what happened to the company after its appearance on Shark Tank, but it appears that they are no longer in business.
Is The Elephant Pants Shark Tank Still In Business?
No, The Elephant Pants from Shark Tank is no longer in business. The company’s social media pages have been dormant since December 2018, and co-founder James Brooks left the company in late 2017.
As of September 2022, the company is out of business. In their Shark Tank appearance, Nathan Coleman and James Brooks sought $500,000 for 10% equity in their business, which the Sharks negotiated up to $500,000 for 15% equity with 2.5% in advisory shares.
The Sharks were impressed with the company’s sales numbers, which were $7 million over two years. However, despite their initial success, The Elephant Pants was unable to sustain its business and ultimately went out of business.
What Is The Current Valuation Of Elephant Pants Shark Tank?
At the time of their appearance on Shark Tank, Elephant Pants were valued at around $2.9 million.
The company had generated $7 million in sales within the initial two years of the company, and they had sold around 400,000 pants, generating a profit of approximately $7,200,000.
The company pledged to donate 10% of its profit to elephant conservation organizations, so their donation would sum up nearly to $720,000 at that time.
However, it is unclear what the current valuation of Elephant Pants is. Elephant Pants’ social media pages have been dormant since December 2018, and James Brooks, the co-founder, left the company in late 2017. Therefore, it is difficult to determine the current valuation of the company.
Elephant pants are made of what material?
Marble Elephant Pants are made of Thai rayon fabric that is super soft and lightweight.
These high cut gender neutral Elephant Pants all have a comfortable smocked waist and one side pocket. Most people wear a one-size-fits-all.
Is it true that elephant pants got a deal on Shark Tank?
On Shark Tank Season 8 Episode 18, Nathan Coleman and James Brook accepted a $500,000 offer from Daymond John for 15 percent Plus 2.5 percent in advisory shares.
Are elephant pants gender-neutral?
Available in a variety of cuts and styles for both men and women.
How much are the elephant pants worth?
James and Nathan walked in and asked for $500,000 for 10% of their business. This implies that they were looking to get a $5 million valuation.
When was the Elephant Pants company launched?
The Elephant Pants Company was launched in 2014.
Who owns elephant pants?
Elephant Pants is owned by Nathan Coleman and James Brooks.
What are the biggest rivalries of elephant pants?
Elephant Pants’ biggest rivals are Kids Harem Pants.
How much does Elephant Pants costs?
The pants are one-size-fits-all and cost $24.95.
Who are Elephant Pants targeting?
Nathan says their main target market is female 18-24 year-olds.
What is the Elephant Pants made out of?
100% high-quality Thai rayon fabric.
When did the elephant pants business end?
According to an email from Joe at Harem Pants in July 2021, The Elephant Pants Company went out of business at the end of 2018.
They sold their company to an unknown Chinese supplier. They assume that they kept TheElephantPants.com but redirected it to The Elephant Pants, which the current owner controls.
Is Elephant Pants Profitable?
They have generated over $7 million in sales since 2017.
How much is James Brooks worth?
Currently, there is no update on his worth
How much is Nathan Coleman worth?
Currently, there is no update on his worth
