The Two Guys Bowtie Company Update | Shark Tank Season 7

Adam Teague and Tim Paslay were at church when they realized most men’s accessories looked the same, with nothing unique to make them stand out. That’s why they started Two Guys Bow Tie, making bow ties, fedoras, and lapel pins out of wood to give men a fresh, stylish option. Their designs have caught the attention of celebrities and fashion magazines, and now they need an investment to grow. Will the sharks invest? Let’s get into our Two Guys Bowtie Company update and pitch recap to find out.

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

Adam and Tim entered Shark Tank Season 7, seeking $150,000 for 10% equity in their exotic wooden bow ties. After their pitch, they secured a deal with Daymond John for $150,000 for 17.5% equity with a 10% royalty until the investment is recouped.

In terms of The Two Guys Bowtie Company update, the company successfully expanded its product line and scaled operations, growing its revenue to an estimated $3.5 million by 2022.

Shark	Result
Daymond John	Accepted offer of $150,000 for 17.5% equity with a 10% royalty until the investment is recouped
Kevin O’Leary	$150,000 for 10% equity with a 7.5% royalty
Mark Cuban	No offer
Lori Greiner	No offer
Troy Carter	No offer

Shark Tank The Two Guys Bowtie Company Pitch

• Entrepreneurs: Adam Teague and Tim Paslay
• Business: Exotic wooden bowties
• Ask: $150,000 for 10% equity
• Result: $150,000 for 17.5% equity with a 10% royalty until the investment is recouped
• Shark: Daymond John 

Adam and Tim stepped into Shark Tank with a business designed to turn heads—literally.

They’re looking for an investment to expand their product line, boost production, and scale their marketing efforts, ensuring their bow ties, fedoras, and lapel pieces reach a wider audience.

Two Guys Bowtie Company offers handcrafted wooden accessories that redefine traditional fashion pieces.

From bow ties to lapel pins, pocket squares, and now a wooden fedora, their products bring a bold and unique twist to men’s fashion.

Using old-school craftsmanship, they create pieces from fine woods like walnut and African zebra wood, ensuring quality and durability.

The accessories don’t just look good; they age beautifully over time, making each piece distinct.

Guest shark Troy Carter is the first to ask about their sales channels. Tim explains that while the wooden fedora is a new addition, their primary product is the wooden bow tie.

The bow ties sell through various markets, but their biggest sales channel is their e-commerce store, accounting for 75% of sales.

Selling directly to customers allows them to retain most of the profits. Each wooden bow tie costs around $7.50 to make and retails between $45 and $95.

Daymond John jumps in, asking about their total revenue. Adam shares that in the past year, they made $407,000, and since launching two and a half years ago, they’ve sold nearly $1 million in products.

Adam impresses Lori Greiner, especially when he reveals their efficient customization process.

They can engrave and personalize bow ties with custom designs and ship out orders the next day. So far, they’ve sold over 25,000 pieces with fewer than 30 returns for defects.

Troy then shifts the conversation to marketing, asking how they promote the bow ties. Tim explains that their goal is to place the ties on trendsetters and influencers.

As an NBA fan, he reached out to Mike Conley Jr., who wore the bow tie during an NBA playoffs press conference, generating buzz.

They’ve also sent products to Shaquille O’Neal and Patrick Barkley, aiming to establish their brand within pop culture.

Kevin O’Leary, always looking for a tie-in to his wedding-related investments, asks how Two Guys Bowtie Company fits into special occasions.

Adam highlights their ability to customize pieces for weddings, including allowing customers to mail in their own fabric for a unique touch.

Kevin makes an offer for $150,000 for 15% equity, claiming he brings immense value with his wedding market connections.

Tim acknowledges the offer but hints that they’d like to hear from a shark with a different skill set.

Daymond takes the cue, stating his expertise in branding and licensing. He offers $150,000 for 20% equity, highlighting his ability to scale the business.

Mark Cuban, never one to dabble in fashion, quickly bows out, joking that no hat could fit his big brain.

Lori follows and states that she loves the business but believes Kevin and Daymond are the best fit.

Adam then asks about the possibility of a partnership between Daymond and Troy. With Troy’s connections in entertainment and Daymond’s fashion knowledge, they see a strategic advantage in having both investors.

Daymond is open to the idea but states he would need to raise his equity stake to 30% to make it worthwhile.

Troy agrees to join if they accept 30% equity. Adam counters with 20% equity and a 5% royalty until the investment is repaid. Daymond, seeing potential, suggests a 10% royalty instead.

Kevin then sweetens his deal, offering $150,000 for 10% equity with a 7.5% royalty until he recoups the investment.

Troy decides to step away, leaving Daymond to finalize his terms. He offers $150,000 for 20% equity with a 10% royalty.

After some negotiation, they land on $150,000 for 17.5% equity with a 10% royalty until the investment is paid back.

In the end, Adam and Tim walk away with a deal from Daymond.

Was this the right move for the entrepreneurs? Find out in our The Two Guys Bowtie Company update.

Shark Tank The Two Guys Bowtie Company Update

Our The Two Guys Bowtie Company update found that after striking a deal with Daymond John, the company saw rapid growth, doubling their business and tripling their staff.

They expanded their product line beyond wooden bow ties to include custom skyline engravings, wood-brimmed fedoras, and fabric ties.

In 2016, Tim launched Plank and Mill, a company specializing in peel-and-stick reclaimed wood panels.

In 2022, the company employed around 50 people, generating an estimated $3.5 million in annual revenue.

Despite their success, by April 2023, their website was down, raising questions about their future.

However, at the time of writing,, Adam and Tim still own the business.

We’re calling this Two Guys Bowtie Company update a success.

Looking for updates on the other products featured in Season 7 Episode 3? We’ve got you covered with our other company updates.

• Foot Cardigan Update
• ValPark Mobile Update
• Nerdwax Update

Before you go, be sure to check out our list of all the Shark Tank Season 7 products.