Last into the tank are Lindsay Barto and Chris Healey of The Longhairs, seeking $95,000 for 10 percent equity.
The Longhairs offers a new kind of hair tie for men with long hair. According to their website, the Longhairs community advocates, educates and celebrates long hair on men by offering tips, advice and products for keeping those long locks healthy. Products include hair ties, headwraps, hair serum, apparel and more. The strong yet soft hair ties feature “manly designs” and cost $12.
The sharks give the hair ties a try thanks to wigs that have some luscious locks. Mark Cuban views them as fun. To date, they have done $85,000 in sales and are projected to do $140,000 this year.
Kevin O’Leary likes the duo and their business and offers $95,000 for 10 percent with a $2 royalty until $200,000 is recouped. Lori Greiner thinks she would have to redesign everything and goes out, followed by Daymond John. Cuban then jumps in with an offer of $100,000 for 25 percent. They counter Cuban at 15 percent, which he counters back with 20 percent. They accept.
Each week on “Shark Tank,” budding entrepreneurs have the opportunity to pitch their emerging businesses to multi-millionaire and billionaire investors, known as sharks: Mark Cuban, owner of the Dallas Mavericks; Daymond John, fashion mogul and founder of FUBU; Kevin O’Leary, self-proclaimed Mr. Wonderful and founder of O’Leary Financial Group; Barbara Corcoran, real estate maven; Lori Greiner, queen of QVC; and Robert Herjavec, technology guru and founder/CEO of the Herjavec Group.
Philanthropist and Virgin Group founder Richard Branson, Spanx founder Sara Blakely, Skinnygirl Cocktails founder and Real Housewife Bethenny Frankel, Vitamin Water founder Rohan Oza and former MLB player Alex “A-Rod” Rodriguez are also slated to appear as guest sharks this season.
“Shark Tank,” which is based on “Dragons’ Den,” is produced by Mark Burnett and first debuted in 2009. To date, the sharks have invested more than $100 million in various companies after engaging in numerous bidding wars and shark fights. A new episode airs each Sunday at 9 p.m. on ABC.
Would you try out the Longhairs? Sound off in the comments section below!
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Author: Erica Abbott