Hand Out Gloves Shark Tank Update

Hand Out Gloves Shark Tank Pitch

Jake Sullivan and Don Wildman appeared on Shark Tank Season 8, Episode 11, which aired on December 8, 2016, with Outdoor gloves that unzip midday to free your fingers.

Hand Out Gloves is listed in the Clothing Fashion category. In plain terms, the business is described as Outdoor gloves that unzip midday to free your fingers.

Hand Out Gloves asked the Sharks for $150,000 for 20% + $150,000 loan, implying a valuation of about $750,000.

On the show, Hand Out Gloves made a listed deal with Barbara Corcoran for $300,000 line of credit for 25%.

If treated as straight equity, the listed deal works out to about $1.2 million implied valuation, up from the original $750,000 implied valuation.

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

Hand Out Gloves After Shark Tank

Hand Out Gloves accepted an on-air Shark Tank deal for $300,000 line of credit for 25%. The on-air deal closed. The company is still in business. (Hand Out Gloves Shark Tank Update

Hand Out Gloves reported annual revenue of $1 million. (Hand Out Gloves Shark Tank Update

After appearing, HandOut Gloves expanded their retail presence and beefed up their Amazon store. (Hand Out Gloves Shark Tank Update

The company added lightweight gloves and neoprene gloves for fishing too. (Hand Out Gloves Shark Tank Update

Sources

Sources used for this page: Shark Tank API pitches