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. Will 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: Fun 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 Shark Tank Season 6, showcasing a wide variety of options.  Their novelty sunglasses covered just about every theme and holiday imaginable and included some characters as well.

Life of the Party
Sun Staches Sombrero Sunglasses

Become the life of the party with Sun Staches Sombrero Sunglasses! Great for any quinceañera, BBQ, or even a nice afternoon siesta!

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The guys handed out sample sunglasses to the sharks for them to try on so they could have the full experience.

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 Sun Staches 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 license their product to bigger companies in the space, which they felt would make the brand worth the $6 million.

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 brands like Marvel, Disney, Universal, Nintendo, and many more. This boosted their annual gross revenues to an estimated $5 million a year. 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!

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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!