Ash and Anvil Shark Tank Update

Ash and Anvil Shark Tank Pitch

Steven Mazur and Eric Huang appeared on Shark Tank Season 9, Episode 5, which aired on October 22, 2017, with clothing for men under 5’8”.

Ash and Anvil is listed in the Clothing Fashion category. In plain terms, the business is described as clothing for men under 5’8”.

Ash and Anvil asked the Sharks for $100,000 for 12.5%, implying a valuation of about $800,000.

On the show, Ash and Anvil made a listed deal with Mark Cuban for $150,000 for 25%.

If treated as straight equity, the listed deal works out to about $600,000 implied valuation, down from the original $800,000 implied valuation.

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

Ash and Anvil After Shark Tank

Ash and Anvil's Shark Tank deal did not close, but the founders quickly turned the exposure into a rebrand: the company became Ash & Erie after trademark concerns around the original name. (Ash and Anvil Shark Tank Update

The company passed about $1 million in sales by May 2018 and raised a $1.2 million venture round a year later, giving it outside capital even without the Shark deal. (Ash and Anvil Shark Tank Update

Ash & Erie kept serving the shorter men's apparel niche and later added premium polos, summer shorts and rain jackets, showing a move from one fit problem into a fuller clothing line. (Ash and Anvil Shark Tank Update

Sources

Sources used for this page: Shark Tank API pitches