The Longhairs Update | Shark Tank Season 9

Lindsay Barto and Chris Healy both have long hair and were frustrated by the limited options for men in the hair care aisle. To address this, they created The Longhairs, an online community for men with long hair to connect, learn, and celebrate their unique style. This platform also offers hair products specifically designed for their needs. Let’s find out if they secured a deal in our The Longhairs update and pitch recap.

If you’re short on time, here’s a quick overview of what happened to The Longhairs after Shark Tank.

Lindsay and Chris appeared on Season 9 of Shark Tank to pitch their company, The Longhairs, which is an online community for men with long hair. They asked for $95,000 in exchange for 10% equity. After their pitch, they struck a deal with Mark Cuban for $100,000 for 20% equity.

In terms of The Longhairs update, the company has continued to thrive, expanded its product line, and built a strong online community. Additionally, they are giving back by donating a portion of their profits to support children with hair loss. Since Shark Tank, Longhairs has grown to over  $1 million in lifetime sales.

Shark	Result
Mark Cuban	Accepted offer of $100,000 for 20% equity
Rohan Oza	No offer
Lori Greiner	No offer
Robert Herjavec	No offer
Barbara Corcoran	No offer

Shark Tank The Longhairs Pitch

• Entrepreneurs: Lindsay Barto and Chris Healy
• Business: A community and products for men with longhair
• Ask: $95,000 for 10% equity
• Result: $100,000 for 20% equity
• Sharks: Mark Cuban

Chris Healy and Lindsay Barto entered Shark Tank with a clear mission: to empower men with long hair and eliminate the awkwardness of shopping in the women’s aisle for hair ties.

They sought investment to grow their brand, ready to convince the sharks that long-haired men deserved attention in the hair care market.

The Longhairs targets men with long hair by offering unique hair ties specifically designed for their needs. 

These hair ties are durable, featuring a special no-break seam to withstand regular use.

Unlike conventional hair ties, The Longhairs offers various masculine designs, avoiding the cutesy aesthetics often found in the women’s section.

The core benefits of these hair ties lie in comfort and functionality. The soft elastic blend prevents snagging or ripping hair while providing a secure hold without excessive tightness. 

This allows men to manage their long hair comfortably in styles like ponytails or man buns. Additionally, The Longhairs donates a portion of its proceeds to charity.

They have done over $100,000 in revenue during the first two years of business, primarily through e-commerce on their website and Amazon’s marketplace. 

In 2016, The Longhairs made $25,000 in sales, and by mid-2017, they had reached $85,000 in sales. Each hair tie costs about $1.60 to manufacture and sells for $12. 

As former digital agency owners, Lindsay and Chris leveraged their marketing expertise to drive online sales.

The sharks were impressed with the company’s margins but had concerns about the price point of the men’s hair ties. 

Kevin O’Leary offered $95,000 for 10% equity and a $2 royalty until he was repaid $200,000. 

Lori Greiner and Daymond John decided not to invest and dropped out. 

Mark Cuban offered $100,000 for 20% equity. After considering their options, Lindsay and Chris accepted Mark’s offer.

Was an investment with Mark Cuban the right deal for the entrepreneurs? Let’s find out in our The Longhairs update.

Shark Tank The Longhairs Update

Based on our research, the deal with Mark Cuban was eventually finalized, and he has been helping Lindsay and Chris grow the business.

Since airing, The Longhairs has experienced impressive growth.

Chris Healy and Lindsay Barto have expanded their product line from the original hair ties to include shampoo, conditioner, serum, brushes, hats, and apparel. 

Our The Longhairs update also found that The Longhairs blog is updated frequently and covers styling tips and stories about professional athletes growing their hair.

Consumers love their products, and Reddit users praise the durability and quality of the hair ties and hair care items. 

The Longhairs also commit 1% of their revenue to Children With Hair Loss, a nonprofit providing free hair replacements to young patients. 

In 2019, they hosted The Great Cut, collecting 339 pounds of hair for the organization.

Despite the challenges of knock-off products, the founders continue to leverage their digital marketing skills to engage a loyal customer community. 

By 2020, The Longhairs reached $1 million in lifetime sales. Currently, we estimate that the company generates around  $500,000 to $600,000 in annual revenue. 

If we get more news on The Longhairs update, we will be sure to let you know!

You can find the other company updates from Season 9 Episode 16 here:

• Joe’s Fish Fry Update
• G.O.A.T Pet Products Update
• Duderobe Update

For more updates, be sure to check out our Shark Tank Season 9 page!