Hats keep your head warm, but what about the rest of your face? David Stankunas ran into this particular problem during a skiing trip. To fix it, he thought to attach a beard to a standard beanie. The idea blossomed from there. What will the sharks think of these warm, somewhat silly hats when David brings them to
Shark Tank Beard Head Update
- Entrepreneur: David Stankunas
- Business: Knitted hats with detachable beards to keep your face warm
- Ask: $250,000 for 25% equity
- Result: No deal
- Shark: None
According to David, Beard Head was an essential accessory for winter. How did you keep your face warm with traditional hats? Only BeardHead offered the comfort of a warm face with over 200 designs. The sharks seemed interested and entertained.
The Original Beard Hat – The authentic handmade beard hat that protects your head and face from cold weather. Elastic Fit for All Sizes - Made with soft, flexible yarn that provides a comfortable fit for all head shapes and sizes.
Robert Herjavec said that he’s seen this product before. David mentioned that some competitors have copied his ideas. In fact, his dip in sales during the year before filming – down to $900,000 in revenue from $1.3 million the year before that – was due to a patent infringement lawsuit from one of these competitors.
Margins were at about 25% to 35%, with $5 million in sales overall. Robert was interested but said that the product lacked consistency in sales. David said he would like to license his products to scale and grow. Barbara Corcoran dropped out because she doesn’t get the product, and Mark Cuban followed because he couldn’t see it getting to $10 million in sales.
Lori Greiner, on the other hand, thought the product was a cool fad. She went out but was interested in his progress. Kevin O’Leary just wasn’t excited about the product, so he went out too.
This left Robert, who had previously invested in ugly Christmas sweaters. However, he didn’t like the way sales dropped last year, and speculated that maybe David wasn’t moving fast enough. He didn’t see the company doing as well as his sweater company, so he dropped out too. Unfortunately, Beard Head walked away without a deal.
Let’s see where the company is now in our Beard Head update.
Despite not securing a deal on the show, we’ve got great news for our Beard Head update. This company went on to be wildly successful. David’s appearance on
You can find the huge collection of available Beard Heads on Amazon and also on the Beard Head website, including those shown on the show and more.
For more company updates from Season 7 Episode 11, look below.
Don’t forget to check out our Season 7 Products Page for more on companies and products!