What Happened To Fur Oil After Shark Tank?

Fur Oil After Shark Tank Update: Fur is a personal care product manufacturing company that produces all-natural skin and hair care lines.

The two freinds started this Fur company. Lillian has great knowledge in marketing and Laura is good in finance and business. They had a lot of knowledge about the business so they don’t face many problems in starting the business.

What Is Fur Oil?

Fur Oil is a natural pubic hair and skin product from the cosmetic company Fur. Fur Oil is a blend of grape seed oil, jojoba oil, clary sage oil, and tea tree oil that helps prevent ingrown hairs.

This Cosmetic Company does not just make ingrown oil but also produces different products for ingrown skin care and hair care like serums, creams, patches, brushes, etc. Customers can buy all these products from the Amazon store and the company website.

Who Is The Founder Of Fur?

Two Female Entrepreneurs Laura Schubert and Lillian Tung are the Co-founders of the fur business. They started this business in 2016.

Laura is the co-founder and CEO of this company, she has a majority stake in the company. She has worked in “Goldman Sachs” and “L.E.K. Consulting” for many years. She worked as a case team leader at Bain & Company for 2 years.

Lillian is the Co-Founder and CMO of the company, She has years of experience in marketing because she has worked for many years in companies like Time Inc., and Maybelline.

Fur Oil Shark Tank Update

Company Name	Fur
Founder	Laura Schubert and Lillian Tung
Founded	2016
Product	Natural skin and hair care cosmetic line
Asked For	$500k for 2.5% equity
Final Deal	$500k for 8% equity + $50k to a body positivity charity
Shark	Lori Greiner
Episode (Shark Tank USA)	S11 E13
Air Date	Feb 28, 2020
Business Status	In Business
Fur Oil Net Worth	$10M *estimated
Headquarters	New York, NY, US
Fur Oil Instagram	View Profile
GO TO AMAZON	Buy Now

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Fur Oil on Shark Tank Pitch

Laura and Lillian, both female entrepreneurs, entered the Shark Tank and asked for $500k for 2.5% equity. They explained their business to the sharks and the sharks liked the business but not the valuation of the company.

Daymond John’s first offer was $500k for 15% equity at a $3.3 million valuation. Kevin O’Leary offered $500k for 2.5% equity + royalty $1 per unit until he recoups $1 Million.

Lori Greiner offered $500k for a 12% stake + $50k to a charity that promotes body positivity. Co-founders countered all the sharks with $500k for 5% equity. Daymond went down to 10% equity.

Lori went down to 8% equity. The co-founders accepted the offer.

Fur Oil Net Worth

Fur’s net worth is $10 million. This company is doing millions of dollars in sales every year and the owners are expanding the product line. The Cosmetics Industry Has High Competition, Its Market Size In 2023 Is US$19.43 Billion In the United States.

Is Fur Still In Business?

Yes, Fur is still in business as of September 2023.

This business is performing quite well in current times. Two female entrepreneurs of this company are focusing on expanding the business with their expertise.

The headquarters of this company is in New York, United States and according to LinkedIn, 11-50 people are working in it.

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