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The Lapel Project Shark Tank Update

Clothing Fashion

Pitch Overview
Name	The Lapel Project
Main Presenters	Sebastian Garcia
Order Shown in Episode	1
Final Deal	Deal was made on the show with sharks Mark Cuban for $150,000 for 30%.

The Lapel Project Shark Tank Pitch

Sebastian Garcia appeared on Shark Tank Season 8, Episode 2, which aired on September 30, 2016, with custom suit lapels and designs.

The Lapel Project is listed in the Clothing Fashion category. In plain terms, the business is described as custom suit lapels and designs.

The Lapel Project asked the Sharks for $150,000 for 20%, implying a valuation of about $750,000.

On the show, The Lapel Project made a listed deal with Mark Cuban for $150,000 for 30%.

If treated as straight equity, the listed deal works out to about $500,000 implied valuation, down from the original $750,000 implied valuation.

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

Made By	Label	Sharks Part of Deal	Summary
Company	Offered		$150,000 for 20%
Sharks	Deal	Mark Cuban	$150,000 for 30%

Update Season	Update Episode
No Episode Updates

The Lapel Project accepted an on-air Shark Tank deal for $150,000 for 30%. The company is still operating after its Shark Tank appearance. (The Lapel Project Shark Tank Update - From $16K to Millions? ).

The net worth of The Lapel Project is estimated to be between $1 million and $2 million. (The Lapel Project Shark Tank Update - From $16K to Millions? ).

Mark’s team completely overhauled the company website and built a robust Amazon Store. (The Lapel Project Shark Tank Update - From $16K to Millions? ).

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https://www.sharktankupdate.com/seasons/8/2/the-lapel-project

Stay up to date on the latest news and updates occuring in the Shark Tank world.

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