The Two Guys Bowtie Company Shark Tank Update

The Two Guys Bowtie Company Shark Tank Pitch

Adam Teague and Tim Paslay appeared on Shark Tank Season 7, Episode 3, which aired on October 9, 2015, with Bow Ties, Lapels And Accessories Made Out Of Wood.

The Two Guys Bowtie Company is listed in the Clothing Fashion category. In plain terms, the business is described as Bow Ties, Lapels And Accessories Made Out Of Wood.

The Two Guys Bowtie Company asked the Sharks for $150,000 for 10%, implying a valuation of about $1.5 million.

On the show, The Two Guys Bowtie Company made a listed deal with Daymond John for $150,000 For 17.5% + 10% Percent Royalty Until $150,000 Is Repaid.

If treated as straight equity, the listed deal works out to about $857,142.857 implied valuation, down from the original $1.5 million implied valuation.

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

The Two Guys Bowtie Company After Shark Tank

The Two Guys Bowtie Company accepted an on-air Shark Tank deal for $150,000 For 17.5% + 10% Percent Royalty Until $150,000 Is Repaid. The on-air deal closed. Follow-up reporting lists the company as in business. (Two Guys Bow Tie Company Shark Tank Update

The Two Guys Bowtie Company reported annual revenue of $3.5 million. (Two Guys Bow Tie Company Shark Tank Update

The company also launched their wood brimmed fedoras and a line of regular fabric ties. (Two Guys Bow Tie Company Shark Tank Update

Sources

Sources used for this page: Shark Tank API pitches