Cut Buddy Shark Tank Update

Cut Buddy Shark Tank Pitch

Joshua Esnard appeared on Shark Tank Season 9, Episode 11, which aired on November 11, 2017, with beard shaping tool and hair cutting guide.

Cut Buddy is listed in the Cosmetics Beauty category. In plain terms, the business is described as beard shaping tool and hair cutting guide.

Cut Buddy asked the Sharks for $300,000 for 10%, implying a valuation of about $3 million.

On the show, Cut Buddy made a listed deal with Daymond John 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 $3 million implied valuation.

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

Cut Buddy After Shark Tank

Cut Buddy is active, and I corrected the status from the earlier generated out-of-business label. The official store is live and the company has continued selling the grooming template and related tools. (Cut Buddy Shark Tank Update

The biggest post-show move was licensing with Andis Clipper: Cut Buddy products were packaged with Andis clippers across thousands of retail locations. (Cut Buddy Shark Tank Update

Sales also surged during the Covid-era home haircut boom, with updates citing more than a million units sold and annual revenue approaching $5 million by July 2024. (Cut Buddy Shark Tank Update

Joshua Esnard later opened the company to public investment and raised $156,400 on Seed At The Table from 149 backers in 2022. (Cut Buddy Shark Tank Update

Sources

Sources used for this page: Shark Tank API pitches