Laid Brand Update

Laid Brand Hair Care Update | Shark Tank Season 8

The second to the last to present in the Shark Tank Season 8 finale was Adam Rauch and Derek Shaw of Laid Brand. The two sought a deal for $30,000 in exchange for 30% equity. Unfortunately, none of the sharks would bite. If you’re wondering why that was, we have the answer in our pitch recap and Laid Brand update.

Shark Tank Laid Brand Update

Laid Brand Update

  • Entrepreneur: Adam Rauch and Derek Shaw
  • Business: Pheromone-infused hair care products
  • Ask: $30,000 for 30% equity
  • Result: No deal
  • Shark: None

According to Adam and Derek, Laid Brand is a company that sells pheromone-enriched hair products. On top of helping protect and hydrate hair, the pheromones help enhance hair color. For girls, these pheromones are perfect for making them feel more confident.

However, as they were presenting, Robert Herjavec couldn’t help but point out a glaring problem with their brand—the name. But, as Adam and Derek explained, “provocative” names are common when it comes to beauty products.

After casting a cloud of doubt because of their name, Adam and Derek had a chance to impress the sharks with the sales. The only problem was that they didn’t have any. Adam and Derek claim that they’ve only done a pilot test, so they haven’t actually sold anything. As a result, the sharks weren’t convinced about the product and how well it would do on the market.

Because Adam and Derek failed to sell the sharks on the product’s potential, Robert went out. The same went for Kevin O’Leary and Lori Greiner, followed by Mark Cuban and Barbara Corcoran.

Most of the time, when entrepreneurs fail to secure a deal on Shark Tank, they find a way to weather the storm, but this isn’t the case with Adam and Derek. In our Laid Brand update, we found that the business is no longer operational.

It appears that the company closed down in December 2018 after years of trying to establish its niche. While some companies survive without a deal, other don’t.

Curious about the other pitches from Season 8 Episode 24? Check out our other company updates here:

For more company updates from Season 8, visit our Season 8 products page.

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Kimberly is a writer for Shark Tank Recap. She has written episode summaries and updates across multiple seasons of Shark Tank, with a focus on complete and accurate information since 2021. She believes that getting the business aspects of each deal correct is extremely important for viewers and fans. Her favorite Shark Tank products are The Wobbles and Rocketbook!