Legacy Shave Shark Tank Update

Legacy Shave Shark Tank Pitch

Mike Gutow appeared on Shark Tank Season 14, Episode 7, which aired on November 18, 2022, with Patented shaving brush attachment..

Legacy Shave is listed in the Health SelfCare category. In plain terms, the business is described as Patented shaving brush attachment..

Legacy Shave asked the Sharks for $300,000 for 10%, implying a valuation of about $3 million.

On the show, Legacy Shave made a listed deal with Lori Greiner for $700,000 for 95% and Mike gets a 3% royalty on net sales for life..

If treated as straight equity, the listed deal works out to about $736,842.105 implied valuation, down from the original $3 million implied valuation.

This pitch is included as context for the more important question: what happened after Shark Tank.

Legacy Shave After Shark Tank

Legacy Shave accepted Lori Greiner's emotional on-air offer, but Shark Tank Blog later said the Lori deal had not closed as of August 2023. The business still got a powerful second chance from the episode. (Legacy Shave Shark Tank Update

Four days after airing, Legacy Shave appeared on QVC without Lori and sold out. The rush created inventory problems before the holidays, and the brand was back in stock by June 2023. (Legacy Shave Shark Tank Update

Legacy Shave later added a Father's Day gift set with the brush, shave cream, a premium razor, and shave balm, while the current storefront continues selling the shaving-brush attachment and related grooming bundles. (Legacy Shave Shark Tank Update

Sources

Sources used for this page: Shark Tank API pitches