What Happened to The Longhairs after the Shark Tank Pitch? The Longhairs Shark Tank Update
What is The Longhairs? Who are the Founders of Longhairs?
The Longhairs is a well-known brand of hair products specifically geared towards men with long hair. They offer a wide range of products including hair ties, head wraps, hair serum, and even clothing items such as tee-shirts and caps.
Their products are popular among a dedicated following of about 25,000 individuals. The brand was founded in 2014 by two business partners, Lindsay Barto and Chris Healy, who are based in San Diego, California.
These two men, who also own a digital marketing agency, created The Longhairs as a platform to promote, educate, and celebrate men with long hair.
As long-haired men themselves, they sought to provide goods and resources that they personally felt were lacking in the market.
Through their brand, they aim to empower and celebrate men with long hair and through their charity, Longhairs Do Care, they also donate a dollar for every purchase to a non-profit organization Children With Hair Loss which provides free human hair replacements and hair products to children experiencing hair loss as a result of medical conditions or treatment.
What Happened to The Longhairs at the Shark Tank Pitch?
In season 9 episode 16 of Shark Tank, Lindsay and Chris, the founders of The Longhairs, made a pitch to the Sharks seeking an investment of $95,000 in exchange for a 10% stake in their company, which valued their business at $950,000.
They presented their brand and products, and shared that they had already made $25,000 in sales in their first year, and $85,000 so far in 2017.
They also shared that they knew how to sell online as they used to run a digital agency. Kevin proposed an offer to invest $95,000 for a 10% stake in exchange for a $2 royalty per unit until $200,000 is paid.
Lori and Daymond expressed interest but decided to pass on the investment. Mark offered $100,000 for a 25% stake in the company, Chris negotiated to bring the stake down to 20% and finally Sharks and founders come to an agreement.
What Happened to The Longhairs after the Shark Tank Pitch?
After the Shark Tank pitch, The Longhairs finalised a deal with Mark and invested into their company. Following the airing of the episode, they’ve broadened their product line to include shampoo and conditioner.
However, they’ve stopped selling on Amazon as a large number of counterfeit products were found on the marketplace.
They focused on utilizing their skills in digital marketing and social media to create a loyal customer base who continue to buy their products.
As of January 2022, The Longhairs is still an active business and reportedly generates an annual revenue of between $500,000 to $600,000 from their sales.
What is the Net Worth of The Longhairs?
It is not possible to determine the current net worth of The Longhairs, as the information is not publicly available. However, it is known that during their appearance on Shark Tank in Season 9 Episode 16, they sought $95,000 for a 10% stake in their company, which valued their business at $950,000.
They ultimately accepted an offer from Mark of $100,000 for a 20% stake in their company, which brought the valuation to $500,000. It is likely that the company has grown and therefore, the current valuation would be higher than this.
Who are the Competitors of The Longhairs?
There are no competitors identified for The Longhairs.
The Longhairs FAQS
What is The Longhairs?
The Longhairs is a well-known brand for their line of hair products for guys with long hair.
According to their website, they are the owners of the greatest men’s hair ties in the world, and they also provide various accessories such as head wraps and hair ties.
Who founded The Longhairs?
The Longhairs’s founders are Lindsay and Chris from San Diego, California.
How much were they seeking in the Shark Tank?
They were seeking $95,000 for a 10% stake in their company.
How did they do in the Shark Tank?
They received offers from Mark of $100,000 for 20% equity in their Company.
Are The Longhairs still in business?
Yes, it is still in operation as of January 2022 and generates $500,000-$600,000 in yearly sales.
When was The Longhairs founded?
The Longhairs was founded in 2014.
Where are they based?
They are based in Chula Vista, California.
How was The Longhairs launched?
The Longhairs was launched in 2014.
What is their website address?
The website for The Longhairs is www.thelonghairs.us
When was The Longhairs featured on Shark Tank?
The Longhairs was aired on January 14, 2018.
How much does it cost to purchase?
A single unit costs $1.60 to produce and sells for $12.
How can they contact The Longhairs team?
The best way to contact The Longhairs team is through their email at [email protected]
What is the company’s return policy?
If customers are not totally pleased with their goods or if it is damaged, TLH will replace or refund it free of charge if they notify them within thirty (30) days of the purchase date.
Send an email to [email protected] with visual proof or an explanation of why they are dissatisfied.
At their choice, they may be responsible for additional shipping expenses.
After thirty (30) days, TLH will not replace or refund the merchandise. Returns and refunds might take up to seven business days to complete.
What methods of payment do they accepts?
They accept Visa, MasterCard, PayPal, Amex, Diners Club, Venmo, Discover, Apple Pay and Shop Pay.
What is ownership status of The Longhairs?
The Longhairs is a private limited-liability Company.
What is the net worth of Lindsay Barto?
Lindsay Barto’s net Worth is unavailable.
What is the net worth of Chris Healey?
Chris Healey’s net worth is unavailable.
What is The Longhairs social responsibility?
According to their website, Longhairs Do Care, the Longhairs charity, donates a dollar for every purchase to Children With Hair LossTM, a non-profit organization that provides free human hair replacements and hair products to children and young adults who are experiencing hair loss as a result of a medical condition or treatment.
Where can they find The Longhairs on social media?
They can follow them on Facebook, Twitter and Instagram.
Where can they purchase The Longhairs?
They are available on Amazon and on their website.