MorningHead Shark Tank Update | MorningHead after the Shark Tank
What is MorningHead?
MorningHead is a shower cap-like device that collects water before being applied to a user’s head to treat their unkempt hair.
Max Valverde, the inventor of MorningHead, has traveled from Boston, Massachusetts.
It’s a gadget that allows you to moisten your hair without taking a shower.
Users only need to add water to the MorningHead cap before putting it on and massaging their heads.
The product is said to work effectively for those who have bad hair days.
However, MorningHead has been criticized as the reason behind the occurrence of lice, because it does not dry out completely.
Moreover, critics have condemned its fat content as it might cause a bad smell.
They also criticized the fact that it’s not effective for those who have long hair.
Meanwhile, MorningHead has already hit the shelves, in limited quantity, in Massachusetts.
It is priced at $29.99 in stores in Boston.
However, Max is planning to make it available nationwide, but only when the product’s quality is stable enough for commercialization.
Who if the Founder of MorningHead?
Max Valverde is the founder of MorningHead. He graduated from Boston University with a degree in computer science, and he previously worked at Microsoft for three years.
Max is looking forward to getting his project funded on TV’s Shark Tank.
Max wants to be able to create more products, but his focus will remain on the MorningHead cap.
The cap has been involved in some clinical tests, and Max is hoping that it will be picked up by one of the few major retailers out there.
He’s currently planning to do more clinical tests, but Max has not confirmed when he will unveil the results.
Valverde launched the company in February 2012 with a Kickstarter campaign.
He asked for $1000 and received more than $6300! MorningHead is available for $10.99 through Amazon or the company’s website.
What Happened to MorningHead on Shark Tank pitch?
Max is most likely seeking a Shark partner to assist with national chain distribution.
MorningHead is brought to Shark Tank by Max, who is seeking a $25,000 investment in exchange for a 20% stake in the firm.
He uses the product to illustrate how smooth and effortless his hair is to comb out.
He goes on to explain that his company has sold 7,000 units in 42 countries and that he has been in business for 18 months.
Max has been selling MorningHead on his own website and through films that he has created, gaining 165,000 views on his own.
He went on to say that if he could create MorningHead caps in higher quantities, he could reduce the production cost to $1, increasing profits.
As a result, his performances are excellent enough to attract the Sharks’ attention.
Mark Cuban was the first to opt out of the deal followed by Barbara Corcoran, Robert Herjavec, Daymond John and finally Kevin O’ Leary.
During the shark tank pitch no deal was close between the Shark Tank investors and MorningHead Company.
What Happened to MorningHead after the Shark Tank?
The company is still in operation, and they have increased their sales through other websites such as Amazon, and they have also joined with other businesses to increase their revenues. The product will be available on Amazon in 2021.
Fare Harbor is doing well, so it’s more of a novelty side company at this time. The company annual revenue is less than $100,000.
Net worth of MorningHead
The company valued is netted to $100,000 in 2021.
What is MorningHead?
MorningHead is a device which will be used to hold water in user’s hair after being applied on the head.
It works as a shower cap, but its goal is not to protect their hair from showers, but instead to moisten their hair so they don’t have to take a shower every day.
It offers the advantage of not having to wash their hair every day, but taking time instead to use MorningHead.
Who is the Founder?
The company headquarters are based in Boston, MA, and the Founder is Max Valverde.
The company was founded by Max Valverde in February 2012, and he has been working on this firm since then.
What is their offer on Shark Tank?
He was asking for 25,000 dollars in exchange for 20% stake in his firm.
Is the offer close after the pitch on Shark Tank?
After the pitch on Shark Tank, there were no deals made between the shark investors, and MorningHead Company.
What is their net worth?
Their net worth was valued at $100,000 in 2021.
What are their reviews on the Internet?
Their reviews are not that good. Some reviews say that it is not effective for people with long hair. Some reviews also say that it causes lice.
What is the Product?
MorningHead is a shower cap-like device that collects water before being applied to a user’s head to cure their unkempt hair.
What are Max’s plans for the MorningHead cap?
Max plans to improve the cap by making it more compact so it can be used for other purposes, such as cleaning teeth.
This is because many people have problems with their teeth while brushing their teeth in the morning. So they use the cap without knowing what to do with it.
Is still in business?
Yes, the business is still in operation.
Is the Cap for $10.99 available on Amazon?
The cap is available on Amazon for $10.99 with free shipping.
What are their strengths?
Max and his team have significant strengths, including: Max is an entrepreneur who has a passion to make the world a better place in terms of hair and teeth. He made his own product and has worked with other companies to get more sales.
The company already has customers around the world, which is a great advantage for the firm to be able to work on its goal.
What are their weaknesses?
Their main weaknesses include: They need more investment in order to optimize the cap design to increase sales.
Is safe to buy from their website?
Yes, because the items are shipped from within the U.S.
What are their plans to get more sales in the next year?
Their plans for sales in the next year include: They want to continue working on improving their product, and increase their presence in online stores, which would make it easier for them to sell more items.
How do they make money?
They make money through selling their products through different businesses like e-commerce sites like Amazon.