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

SunStaches accepted an on-air Shark Tank deal for $300,000 for 20%. Follow-up reporting lists the company as still operating after its Shark Tank appearance. (Sun Staches Shark Tank Update

SunStaches reported sales of $4.2 million. The company managed to remove more than 1,000 imitators off of Amazon, eBay and some other major retailers, and (Sunstaches) business that makes novelty eyewear and other licensed looks in episode 627. (Sun Staches Shark Tank Update

The official website for SunStaches is listed as sunstaches.com. (SunStaches website

Sources

Sources used for this page: Shark Tank API pitches