What Happened To Hood Hats After Shark Tank?
Hood Hats After Shark Tank Update: Hood Hats is an apparel company that sells customized hats, founded by Max Nelson in April 2018. The company’s website features different styles of printed hats that represent hometown pride.
Nelson appeared on Season 15 Episode 21 and asked the Sharks for $500k for 5% equity at a $10 Million Valuation. Did this company secure a deal on Shark Tank, or did Nelson walk away without investing? Read further to find out.
What Is Hood Hats?
Hood Hats is an apparel company that sells customized hats, founded by Max Nelson in April 2018. The company’s website features different styles of printed hats that represent hometown pride. Nelson appeared on Season 15 Episode 21 and asked the Sharks for $500k for 5% equity at a $10 Million Valuation. Did this company secure a deal on Shark Tank, or did Nelson walk away without investing? Read further to find out.
Who Is The Founder Of Hood Hats?
The founder and CEO of this hat company is Max Nelson, a resident of Los Angeles, California. Nelson presents his brand as a luxury headwear company.
Hood Hats Shark Tank Update
| Company Name | Hood Hats | |
| Founder | Max Nelson | |
| Founded | 2018 | |
| Product | Customize Home Town Pride Hats | |
| Asked For | $500k for 5% equity | |
| Final Deal | No Deals | |
| Shark | No Sharks | |
| Episode (Shark Tank USA) | S15 E21 | |
| Air Date | April 19, 2024 | |
| Business Status | In Business | |
| Hood Hats Net Worth | $0M *estimated | |
| Headquarters | Los Angeles, California, USA | |
| Hood Hats Instagram | View Profile | |
| GO TO AMAZON | Buy Now | |
Also Read This: What Happened To RoboBurger After Shark Tank?
Hood Hats on Shark tank pitch
When Nelson asked the Sharks for a $500k investment for 5% equity, the Sharks were shocked. Lifetime sales since 2018 are $1.9 million. 2018 sales $18,000, 2019 sales $23,000, 2020 sales $364,000, 2021 sales $508,000, 2022 sales $693,000 and 2023 sales $1 million.
This business has not yet become profitable. The manufacturing cost of the hats is $14 and the retail price is $90. Mark Cuban told Nelson he was out because of the over-asking price.
Last year he took a convertible note for $150k for 2% equity at a $7.5 million valuation. Based on that, the company’s current valuation is. Kevin O’Leary said this business doesn’t even come close to being worth $10 million, so he is out.
Michael Rubin feels this business is no different from any other hat business and the valuation doesn’t match reality, so he’s out. Lori Greiner said she doesn’t think it’s an investable business, so she’s out. Barbara Corcoran also refused to invest in this business.
Hood Hats Net Worth
The company currently has liabilities of $150,000 and zero profit, so it is not possible to estimate and calculate net worth. We are monitoring this company right now to bring the information to you.
Is Hood Hats still in business?
Yes, Hood Hats is still in the business as of April 2024.
They are running this business beautifully and after shark tank their sells will also increase if they can get the other company and customers trust they can grow their company big.
Their headquarters is in Los Angeles, California, USA. According to their account, Currently 5-8 people are working in their company.
FAQs
The founder and CEO of this hat company is Max Nelson.
The Net Worth of the Hood Hats company is $0M.
Yes, Hood Hats is still in the business as of April 2024.
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