Sun Staches Novelty Face Wear Update | Shark Tank Season 6

David Levich, Dan Gershon, and Eric Liberman brought their novelty face wear to the tank.  Their fun and festive sunglasses were already a popular item in the party and holiday market.  Would the sharks offer this trio a deal on Shark Tank Season 6? Find out in our Sun Staches update!

Shark Tank Sun Staches Update

Sun Staches Update

  • Entrepreneurs: David Levich, Dan Gershon, and Eric Liberman
  • Business: Face wear for birthday parties, holidays and events
  • Ask: $300,000 for 5% equity
  • Result: $300,000 for 20% equity
  • Sharks: Daymond John

David, Dan and Eric brought their collection of fun face wear to the tank, displaying a wide variety of options.  Their novelty sunglasses covered just about every theme and holiday imaginable and included some characters as well.  The guys handed out sample sunglasses to the sharks for them to try on.

Sunstaches Pirate Beard Sunglasses, Skull & Crossbones, Parrot, Instant Costume, Party Favors, UV400

Featuring hundreds of fun and wacky eyewear designs. As seen on the popular show, Shark Tank. 100% UV400 protection and impact resistant lenses. Great for kids and adults, one size fits most. Officially licensed products.

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All of the Sun Staches products sell between $7.99 and $12.99, costing just $0.75 to $1.50 to manufacture. The sharks were impressed with these margins, but not all of them were convinced to make an investment. With a gross revenue of $5.7 million during the year of filming, they were estimated to make $750,000 in earnings.

Kevin O’Leary raised some concerns about the company’s imputed valuation of $6 million. He believed that they were only worth about $2.5 million.  The three entrepreneurs defended their valuation.  They believed that they could licensing would ultimately get their value up to what they had predicted.

Unexcited about the product, Lori Greiner dropped out. Kevin went out next, disappointed that the guys wouldn’t adjust their valuation. Robert Herjavec went out next for the same reason. Dan asked Mark Cuban if he would do a deal for $300,000 with 10% equity.

Daymond John entered the negotiations, suggesting that he could help with licensing and cost reduction. He offered $300,000 for 25% equity. Dan asked Daymond if would join Mark for a deal at $300,000 for 12.5%. Mark said no and went out.

Then Dan countered Daymond at $300,000 for 15%. Daymond countered at $300,000 for 20%. Dan countered back at 17% equity and Daymond rejected that too. Finally, the guys accepted his offer of $300,000 for 20%.  What became of this company? Keep reading our Sun Staches update to find out!

Research for our Sun Staches update revealed great news! It turns out that accepting Daymond’s offer was an extremely wise decision. The company struck licensing deal gold with Marvel and Disney, boosting their annual gross revenues to all-time highs. Products are available on the Sun Staches website and on Amazon.

Would you like to find out about the other companies featured on Season 6 Episode 5? Follow the links below for the other company updates from this episode.

Before you go, stop by our Season 6 Products Page for even more on companies and products!