Beard King Shark Tank Update

Beard King Shark Tank Pitch

Nicholas Galekovic appeared on Shark Tank Season 7, Episode 14, which aired on January 14, 2016, with apron for catching beard trimmings.

Beard King is listed in the Cosmetics Beauty category. In plain terms, the business is described as apron for catching beard trimmings.

Beard King asked the Sharks for $100,000 for 20%, implying a valuation of about $500,000.

On the show, Beard King made a listed deal with Lori Greiner for $100,000 for 40%.

If treated as straight equity, the listed deal works out to about $250,000 implied valuation, down from the original $500,000 implied valuation.

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

Beard King After Shark Tank

Beard King accepted an on-air Shark Tank deal for $100,000 for 40%. The on-air deal did not close. The company was acquired in 2019. (Beard King Shark Tank Update

Beard King reported annual revenue of $1 million. (Beard King Shark Tank Update

The business was acquired in 2019 by a guy named Raj Patel for an undisclosed amount. (Beard King Shark Tank Update

It now sells beard oil, wash and other beard related items. (Beard King Shark Tank Update

As of August, 2022, the company is still in business. (Beard King Shark Tank Update

The official website for Beard King is listed as thebeardking.com. (Beard King website

Sources

Sources used for this page: Shark Tank API pitches