Wes Horbatuck and Greg Orfe, both dedicated surfers, hated having to choose between a wetsuit and board shorts. Thankfully, they came up with a solution: Driftline, their clothing line, produces board shorts with wetsuit liners to prevent chafing and stay warm. We’ll tell you how their time on the tank went down in our
Shark Tank Driftline Update
- Entrepreneurs: Wes Horbatuck and Greg Orfe
- Business: Board shorts lined with wetsuit material
- Ask: $100,000 for 10% equity
- Result: No deal
- Shark: None
Wes and Greg offered a great pitch for their unique, innovative board shorts company, Driftline. The sharks were impressed with their product, and their numbers weren’t bad either. Driftline had $125,000 in year-to-date sales, mostly because they couldn’t keep up with orders.
However, Kevin O’Leary was the first to go out. He didn’t understand the market. Lori Greiner followed because it was too niche for her. Daymond John went as well because he couldn’t add value to the company.
This left Mark Cuban and Robert Herjavec. Robert offered $150,000 for 33.3% equity in the company, which was too much for Wes and Greg. They tried to counter for lower equity a few times, even going as high as 25%, but Robert refused.
Daymond came back in to offer $100,000 for 20% equity, with the condition that they had to take it immediately. Since they couldn’t decide, he went out again. Robert dropped the equity on his deal to 28%, but Wes and Greg refused. Unfortunately, they walked out of the tank with no deal. Our
It appears that Driftline is doing well since appearing on
Curious about our other product updates from Season 13 Episode 23? You can find them here!
But what about the other products featured in Season 13? You can find all of our Season 13 company updates on our Season 13 products page.