Laid Brand Shark Tank Update | Laid Brand after the Shark Tank Pitch
What is Laid Brand?
LAID Brand is a professional hair care brand infused with pheromones. Utilizing it will not only have the desired impact of attracting someone special, but will also increase their confidence.
Leaving you feeling fantastic and attracting the attention of others.
Not only does it include pheromones (human chemical fragrances), but it will also leave their hair smelling amazing, thanks to ingredients that boost shine, mend damaged hair, and hydrate and protect it as well.
Who founded Laid Brand?
CEO Adam Rauch, David Hensley, and Derek Shaw are co-founders. Adam had worked in the sales and marketing of female cosmetic goods for 13 years at the time.
David works professionally as a celebrity stylist at hair salons.
Derek joined shortly thereafter, having previously worked as a business strategist.
As of December 2018, the firm had ceased operations, with all employees either moving on to other initiatives or continuing in their existing employment.
The Laid Brand was born in early 2010 when David recognized a market opportunity for a new hair care product based on his frontline expertise in hair salons.
One that enabled men and women to not only look their best, but to feel their best as well.
One that exuded a sense of self-assuredness and artistic expression. He began developing a product line, and it was around this period that he met Adam, a client.
He offered the idea to Adam, who, based on his expertise working with well-known beauty care businesses, saw promise in it as well.
Both guys envisioned this product line becoming into a brand.
They tested a few prototype items employing a variety of pheromones and generated $27,000.00 in salon and internet sales.
Around this time, Adam invited Derek, a fellow university graduate, to join the firm.
As a business strategist, he could provide guidance on investment and output.
The range consists of three goods, each with a tongue-in-cheek name. Fill Me Up is a volumizing spray; Rock in’ is a hair oil; and Straight 2 Kinky is a detangler. Each bottle costs $24.99.
What happen to Laid Brand at the Shark Tank Pitch?
Adam and Derek appear on Shark Tank season 8 episode 24 in search of $30,000 in exchange for a 30% stake in their firm. This illustration depicts a $100,000 value.
They are joined by a third guy.
They begin by telling their narrative. When a lady enters, the trio’s third unknown member immediately begins rubbing Laid Brand product into her hair.
The lady then distributes samples to the Sharks.
They engage in some lighthearted conversation about pheromones before getting down to business.
Derek founded the firm in 2010. He hired Adam since he was familiar with hair salons.
They created a few “pilot” goods and generated $27,000 in six months from a single salon.
Unfortunately, the firm has made no sales in the last three months due to the fact that they need to reformulate their product before approaching salons.
Lori and Mark both ask if they’ve conducted any market research with women, and the boys assert the existence of a pheromonal community.
Robert respectfully disagrees. Incorporating pheromones into goods is not novel or proprietary, as he has demonstrated.
Lori then states that no one thought to inquire about the pricing of the merchandise.
Derek estimates that the average cost of producing a bottle, or their full product blend, is $2.50. To purchase online, the price is $24.99.
Kevin O’Leary informs them that retailers such as Sephora and department shops do not accept small businesses, and he exits.
Lori Greiner sprayed the product on Kevin and discovered that it had no effect! She stated that there is no scent, implying that the brand has too many issues. She has exited.
Mark Cuban believes they can scrape out a living, but $30,000 is insufficient to reach where they need to go, and he, too, is out.
Barbara Corcoran believes she is a walking sex goddess and cannot fathom what would happen if she used their things, therefore she is out.
Barbara is the final and fifth Shark to pull out of the agreement, leaving Derek and Adam without funding for their Laid Brand hair-care business.
Laid Brand after the Shark Tank Pitch
The men decided to shut the firm in December 2018.
Laid Brand Net Worth
Adam and Derek appear on Shark Tank season 8 episode 24 in search of $30,000 in exchange for a 30% stake in their firm. This illustrates a $100,000 valuation.
The current net is unavailable since they are no longer in business.
Laid Brand Competitor
There is no competitor identified for Laid Brand.
Laid Brand FAQS
What is Laid Brand?
Laid Brand is a professional hair care brand infused with pheromones.
Utilizing it will not only have the desired impact of attracting someone special, but will also increase their confidence. Leaving them feeling fantastic and attracting the attention of others.
Who were the founders of Laid Brand?
Adam Rauch, David Hensley, and Derek Shaw are co-founders. Adam had worked in the sales and marketing of female cosmetic goods for 13 years at the time.
How much were they seeking in the Shark Tank?
Derek and Adam were seeking $30,000 in exchange for a 30% stake in their firm.
Did they get a deal from the Sharks?
The Sharks were uninterested, and Laid Brand exited without a contract.
When was Laid Brand started?
Laid Brand was established in 2012
Is Laid Brand still in business?
Laid Brand is no longer in business. They have ceased operations in December 2018.
Were Laid Brand a Shark Tank Scam?
Laid Brand is not a scam as it is no longer in operation.
Where can they buy Laid Brand products?
The product is no longer available for purchase.
Were Laid Brand sulfate-free?
The goods were sulfate-free, but they’re filled with pheromones.
Were Laid Brand paraben free?
Each product works for all different hair types and is free of parabens.
Where can they find them?
The Laid Brand has been shut down and is no longer accessible.
Were Laid Brand cruelty-free?
The Laid Brand products were cruelty-free.
Where were Laid Brand located?
Laid Brand were located in Tampa, Florida.
What was the Laid Brand Facebook page?
The Laid Brand Facebook page is no longer accessible, as the business has been shut down.
What is the Laid Brand website?
The Laid Brand website is unavailable.
What Shark Tank episode featured Laid Brand?
How much were they selling their products?
Laid Brand products were priced at $24.99
What is the net worth of Adam Rauch?
Adam Rauch’s net worth is unavailable.
What is the net worth of Derek Shaw?
Derek Shaw’s net worth is unavailable.