Supply Razor Shark Tank Update | Supply Razor after the Shark Tank Pitch
What is Supply Razor?
Supply Razor is a single-edge razor that utilizes larger injector-style blades for a much longer blade life.
Nonetheless, the razor comes with a 20-pack in case you run out, and the whole cost is far less than that of brand-name razors.
Patrick and Jennifer Coddou founded the Supply Razor with the premise that everyone deserves a closer, cleaner shave.
Additionally, obtaining that clean look does not have to be prohibitively expensive.
Prior to this, the Coddous were an ordinary couple seeking to ascend the corporate ladder.
Patrick worked for Lockheed-Martin as an engineer. He was most recently assigned to the Skunk Works division and then to the F-35 Lightning II programme.
Jennifer Coddou formerly worked at the Young Women’s Leadership Academy as a math instructor.
Supply Razor was a little business that began in their house, and despite their efforts, it struggled to make a profit.
Recognizing the market potential for their items, Patrick and Jennifer abandoned their jobs and embarked on a journey to prioritize their little business.
Today, Patrick’s engineering and design talents, along with Jennifer’s aptitude for entrepreneurial activities, have formed a rock-solid basis for their business.
Their business continues to grow as a result of their extraordinary leadership and vision.
The Coddous poured their hearts and souls into establishing their business, teaching themselves everything from website design to selling their products.
After months of dedication, they applied to Shark Tank, certain that an investor might help them scale their business.
The Coddous discovered their purpose and passion in giving the very finest in quality items.
They have demonstrated to the entrepreneurial world what it takes to commit and persevere through difficult times in order to grow a business.
Who Founded Supply Razor?
Patrick Coddou and Jennifer Coddou are founders of Supply Razor.
What happen to Supply Razor at the Shark Tank Pitch?
They established their business in 2015 with the help of a $78,278 Kickstarter campaign.
While on a road trip out west in 2017, the pair conducted some soul searching and ultimately decided to go all in with Supply.
When they returned, Patrick served his two-week notice and the rest, as they say, is history.
They launched Supply 2.0 in 2017 with a second Kickstarter that collected a whopping $256,092 and got them well on their way.
The Supply 2.0 single blade injection razor is at the core of the company.
It’s reminiscent of traditional single-edge razors, but in a sleek, contemporary stainless steel packaging. Replacement blades are available for about 50 cents apiece.
To change the blades, just put the pre-loaded blade magazine into the Single Edge and slide the lever.
Additionally, they sell grooming items such as an ultra-lather shave cream, a silvertip synthetic shave brush, an aloe-based post-shave, a daily wash, and a body lotion.
Additionally, they successfully launched a third Kickstarter campaign, raising $32,223 for the “everyday Dopp Kit.” This intended to aid in the debut of their leather goods range.
Patrick and Jennifer pitch the Shark Tank for $300,000 in exchange for 10% of their business. This indicates a $3 million value.
They are wearing fake moustaches, and Patrick’s has fallen off. Additionally, he flubs his lines, which garners encouragement from the Sharks.
They have increased their sales to $2.5 million this year (2019) from $1 million the previous year.
Each kit is made for $28 and retails for $125.
Lori refers to it as the “Cadillac of razors,” but she has no connection to the product; she is a no-show.
Daniel is not a fan of single blade razors; he has decided to abstain.
Mark claims he is addicted to the razor he has been using for 25 years; he is currently abstinent.
Kevin offers $300,000 for 5% plus $1.50 per unit in perpetuity.
Robert asserts that royalties drain companies of cash. He offers $300,000 in exchange for 15% and they accept. This brings the valuation to be $2 million.
Supply Razor after the Shark Tank Pitch
The transaction with Robert was never completed. They sold more razors in the two days following the original air date than they had in any previous month.
They had a million-dollar month in January 2020. As of July 2021, they generate $12 million in annual revenue.
Supply Razor Net Worth
Patrick and Jennifer pitch the Shark Tank for $300,000 in exchange for 10% of their business. This indicates a $3 million value.
They accepted an offer from Robert of $300,000 for 15%, thus equating it at $20 million.
Supply Razor Competitors
Bevel, One Blade, and Merkur are some competitors of Supply Razor.
Supply Razor FAQS
Is it true that Supply landed a deal on Shark Tank?
Supply has reached an agreement with Robert Herjavec! $300,000 in return for a 15% stock stake.
Which razor was featured on Shark Tank?
They made it out alive after pitching premium single-blade razor on ABC’s Shark Tank.
They’re a tiny team based in Texas that specializes on creating high-quality grooming products for customers that deserve the finest.
The Single Edge Razor is their flagship product.
It is a solid metal razor with a single readily changeable (and reasonably priced) blade.
Which episode of Shark Tank was supplied?
In Shark Tank episode 6 of season 11, Patrick and Jennifer Coddou seek assistance from a Shark to help them expand Supply, their contemporary, single blade razors.
The pair began the firm in 2015 as a “side hustle.”
Are supply blades good?
Supply Co is a Texan shaving firm that specializes in high-end men’s razors, shaving equipment, and skincare.
They have a slew of fans, including the Shark Tank investors and GQ, who awarded their razor the Best Single Blade razor in 2020.
How long do supply razors last?
If they shave 5-6 times a week, a single box of eight blades can last up to three months.
Is supply razor a safety razor?
There are several significant distinctions between a single edge and a double edge razor:
Weight, customization, mechanics, and blades.
Some are more evident, while others contribute to the pleasant, close shave that they all desire.
To begin, the Single Edge has only one cutting edge, as opposed to the DE’s two.
Is a single blade razor better?
Single blade razors are more effective because they cut facial hair precisely without generating excessive blade friction, which reduces the likelihood of developing a skin rash following a shave.
By design, single blade razors are also more environmentally friendly.
Does shaving with a single blade razor result in a closer shave?
On the other hand, a single blade razor shaves close to the skin’s surface, providing an incredibly close shave without the possibility of ingrown hairs or discomfort.
With only one blade, friction is reduced, resulting in less discomfort and razor burn.
How do they make money?
Supply is a “pre-order” shaving product. Owners pick the products they want and pay for them upfront, before delivery. Processing charges are minimal due to the large volume of orders.
Why do people buy Supply razors?
The best part about their razor is how it improves their shaving experience and makes it enjoyable, rather than an irritating grooming task that they endure every day out of necessity.
The most compelling reasons to buy a Supply razor are because they provide quality shaves at an affordable price point.
What’s included with the Single Edge?
When they purchase a Single Edge 2.0 in Alloy or Steel, they’ll receive the Razor handle, all three Shave Settings, and one Injector Pack loaded with eight blades – about a three-month supply.
Can women use the Single Edge?
Absolutely. They have a large number of female consumers that adore shaving with the Single Edge.
How is the Single Edge made?
The Single Edge Steel is manufactured utilizing a state-of-the-art manufacturing process called Metal Injection Moulding.
Typically, this approach is employed in aeronautical and medical applications.
What is the net worth of Patrick Coddou?
Unknown.
What is the net worth of Jennifer Coddou?
Unknown.
