SunStaches Shark Tank Update

SunStaches Shark Tank Pitch

Dan Gershon, Dave Levich, and Eric Liberman appeared on Shark Tank Season 6, Episode 5, which aired on October 17, 2014, with fun costume glasses and eyewear designs.

SunStaches is listed in the Accessories Gadgets category. In plain terms, the business is described as fun costume glasses and eyewear designs.

SunStaches asked the Sharks for $300,000 for 5%, implying a valuation of about $6 million.

On the show, SunStaches made a listed deal with Kevin O'Leary and Lori Greiner for $300,000 for 20%.

If treated as straight equity, the listed deal works out to about $1.5 million implied valuation, down from the original $6 million implied valuation.

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

SunStaches After Shark Tank

Sources