Kook n Kap the Shark Tank Net Worth
According to online research, Kook n Kap went out of business in 2021. Their net worth before appearing on Shark Tank was $250,000. It is unclear what their current net worth is since they are no longer in business.
What was Kook n Kap and Who were the Founders of Kook n Kap?
The Kook n Kap is a chef hat designed to prevent food smells from sticking to hair and to prevent hair from falling into food.
Its creators, Juli Deveau, a Deloitte campus recruiter, and Ozma Khan, an AbbVie pharmaceutical rep, had no experience in product development but believed that their invention would revolutionize kitchens across the nation.
They trademarked and began selling the washable and comfortable chef’s hat in the United States in 2012. Although they had fun promoting their product, they eventually returned to their previous careers, convinced that they had a million-dollar idea.
Kook n Kap Shark Tank Pitch
During their appearance on Shark Tank’s fifth season, Juli Deveau and Ozma Khan sought a $50,000 investment in exchange for a 20% stake in their Kook n Kap business, which they valued at $250,000.
They demonstrated that their elasticized bonnets are designed to protect hair from absorbing food scents and prevent hair from falling into food while cooking.
Barbara requested a Kook n Kap for Kevin, who then asked for a pink one, while the Sharks received samples.
In their first year, Kook n Kap sold 1,729 hats, which were priced between $9.99 and $12.99, with a production cost of $3.70 per hat.
Although Mark thought Kook n Kap was perfect for QVC, he was not interested, and Lori felt that people could substitute the hat with a shower cap, while Barbara could not imagine wearing it while cooking.
Robert found the founders lovely but thought that the hat made them look like 80-year-old grandmothers and was not interested, while Kevin did not view the business as an opportunity and was not interested in investing.
Juli and Ozma left without securing an investment. Their website went down, and their social media presence stopped in February 2014. In 2013, the company went out of business.
As of August 2021, Deveau worked as a recruiter for Deloitte Consulting, while Khan worked as a Senior Medical Science Liaison at Abbvie Pharmaceuticals.
What is the net worth of Kook n Kap?
Juli Deveau and Ozma Khan appeared on Shark Tank seeking a $50,000 investment in exchange for a 20% stake in the Kook n Kap business. This equates to a $250,000 valuation.
Who are the competitors of Kook n Kap?
There is no competitor identified for Kook n Kap.
Kook n Kap Shark Tank Episode Summary
|Company/Product||Kook n Kap|
|Shark Tank Episode||Shark Tank Season 5 Episode 3|
|Founder & Entrepreneur||Juli Deveau and Ozma Khan|
|Amount Asked For||$50,000 for a 20% stake in her business|
|Deal: Accepted Offer||No deal reached|
|The Shark Investor||None|
|Business Net Worth||$0.25 million valuation|
|Business Status||The business is no longer operations|
Kook n Kap FAQS
What was Kook n Kap?
Kook n Kap is a washable, comfortable hat used to prevent odours from entering the user’s hair.
Who were the founders of Kook n Kap?
Juli Deveau and Ozma Khan are the two ladies behind Kook n Kap.
How much were they seeking in the Shark Tank?
They sought $50,000 investment in exchange for a 20% stake in their Kook n Kap business.
Did they get the deal from the Sharks?
They were rejected from the Tank and no deal was made.
Is Kook n Kap still in business?
Kook n Kap is no longer in business.
How much were they selling?
They were selling their hats for $9.99 to $12.99 each, and on average, they cost $3.70 to produce.
Where was Kook n Kap located?
The Kook n Kap was from Los Angeles.
When was Kook n Kap featured on Shark Tank?
Kook n Kap was featured on Shark Tank season 5 episode 3 on April 10th, 2013
Was Kook n Kap profitable?
The Kook n Kap was not profitable since they closed the business in 2013.
Where was Kook n Kap manufactured?
The Kook n Kap was manufactured in Los Angeles, United States.
What is the net worth of Ozma Khan?
Ozma Khan’s net worth is unavailable.
What is the net worth of Juli Deveau?
Juli Deveau’s net worth is unavailable.
Where are they now?
Deveau is a recruiter for Deloitte Consulting as of August 2021, while Khan is a Senior Medical Science Liaison at AbbVie Pharmaceuticals.
What Happened to Kook n Kap after the Shark Tank?
With a broken website connection and social media that hasn’t been updated since February of 2014.
How was the sales for Kook n Kap?
In their first year, the couple managed to sell 1,729 hats.
Was Kook n Kap patent?
They registered and trademarked their invention and began selling the Kook n Kap.
How they came up with the idea?
When the two wonderful ladies were preparing Asian food one night and found their hair smelled like the food they were cooking, they decided to co-create the Kook n Kap.
To avoid their hair from smelling like whatever they were preparing, the two ladies devised a comfy, washable chef’s hat (it also keeps hair out of the food).