Pete and Pedro Men’s Hair Products Update | Shark Tank Season 7
In his return to
Shark Tank Pete and Pedro Update
- Entrepreneur: Aaron Marino
- Business: Men’s hair styling products
- Ask: $100,000 for 10%
- Result: $100,000 for 10%
- Shark: Barbara Corcoran
YouTuber, lifestyle guru, and men’s fashion blogger Aaron entered the tank to present his stylish premium line of hair products for men, Pete and Pedro. He explains how his strong online presence benefits his brand.
After introducing his hair products, Aaron treated the sharks to a selection of samples. Barbara Corcoran commented on the great smell of the products. Kevin O’Leary was more interested in why Aaron thought this company would appeal to them when the other didn’t.
Aaron said that Pete and Pedro was already selling, with $800,000 in sales thus far and $55,000 in sales for that current month. He commented that much of his success was due to his appeal as a YouTuber with 600,000 followers and 5.5 million views a month.
He stated that he attracted retailers like JC Penney and Chevrolet, but also commented that his two businesses were kept separate, which put Kevin off. Despite this, he made an offer of $100,000 for 20% equity, but only if the businesses would consolidate.
Aaron turned the offer down because he wasn’t putting Alpha M on the table again. Lori Greiner said this wasn’t the right product for her and went out. Robert Herjavec was also disappointed by the split companies, claiming that both of them would not get the same level of attention from Aaron.
Aaron was starting to reconsider his resistance to consolidation when Barbara made her offer. She wanted to invest $100,000 for 10%, but only for Alpha M, as she had no interest in Pete and Pedro. This made Kevin repeat his offer for both companies.
Robert matched Kevin’s offer, but Aaron countered Barbara’s offer, asking for $300,000 in return for 10%. Barbara agreed on the condition that Aaron would bring another shark into the investment. Robert showed interest but asked for 10% of the current range of products and 10% of any new products.
Aaron was wary of accepting Robert’s offer. He asked Barbara if she was still offering the $100,000 for 10% in Alpha M. Barbara said she was, and Aaron accepted it.
Ironically, he walked out of the
Our Pete and Pedro update reveals that Aaron declined the deal with Barbara after the episode was filmed. He believed it didn’t feel right, and perhaps he was onto something.
His companies have since been thriving, and he has amassed an even bigger YouTube following with over 6.5 million subscribers. Both companies are still in business and are continuing to do well and grow each year.
You can purchase the hair products on the Pete and Pedro website as well as on Amazon.
Would you like to know more about the other companies appearing in Season 7 Episode 29? Follow the links below to read our other company updates for the episode.
For even more on companies and products, stop by our Season 7 Products Page before you go!
Andrew Smith is the founder and owner of Shark Tank Recap. He is a longtime Shark Tank fan that has been watching it for years and has seen every episode multiple times. His friends know him as the Shark Tank expert, because he can answer any question about the show! His favorite Shark Tank products are Bertello's pizza oven and Bug Bite Thing!