Tristen Ikaika turned a ring made from a spoon into a social media empire. His limited-edition jewelry drops made from a host of recycled materials sell out quickly, leaving customers wanting more. After sharing his story on
If you’re short on time, here’s a quick overview of what happened to Tristen Ikaika after
Tristen Ikaika appeared on
|Accepted deal of $250,000 for 15% equity
|$250,000 for 20% equity
Shark Tank Tristen Ikaika Update
- Entrepreneur: Tristen Amal Ikaikamaikai’ikaneokalani Persons, aka Tristen Ikaika
- Business: Limited edition rings made from spoons and other recycled materials
- Ask: $250,000 for 5% equity
- Result: $250,000 for 15% equity
- Shark: Kevin O’Leary
Tristen Ikaika is a one-man show. He makes rings out of recycled materials like spoons and forks and sells them in big online ‘drops,’ which are hyped up on social media.
The rings represent his experiences exploring the world, and they’ve become a hit with fans. Starting with a single spoon from his mother’s house, he’s grown into a successful and sought-after jewelry brand.
The sharks are impressed with his $525,000 year-to-date sales, especially because he only sells product drops once a month.
After being asked about furthering revenue, he shares that he wants to create a core collection for his website that customers could buy at any time, in addition to his limited-time drops.
Lori Greiner doesn’t think it is an investable business, even though it is great for Tristen himself. She drops out because of this.
Next to voice an opinion is Daymond John. He would need too much of the company to make an investment, and it would be insulting. Therefore, he decides to not make an offer at all.
In contrast, Kevin O’Leary does make an offer, though he states that it is a risky deal. Since Tristen is a one-man operation, if something happens to him, Kevin will lose his investment.
Regardless, he offers $250,000 for 50% equity, as well as insurance in case something happens to Tristen. The sharks are taken aback by the large equity ask in Kevin’s offer.
Before Tristen can counter, Barbara Corcoran makes an offer, too. She offers $250,000 for 20% equity.
Surprisingly, Barbara’s more reasonable offer prompts Kevin to lower his equity ask to 15%. Needless to say, Barbara is less than thrilled about Kevin undercutting her offer and doesn’t hold back in letting him know.
Mark Cuban then drops out on the back of these offers, leaving the two sharks to battle it out.
After some deliberation, Tristen decides to go with Kevin’s offer because he doesn’t want to give up the extra equity.
So, how is the trendy jewelry company doing now? We’ll find out in our Tristen Ikaika update.
Unsurprisingly, it looks like the Tristen Ikaika brand is still thriving. He appears to be transitioning the brand identity, referring to the company currently as Ikaika Studios on its website and social media channels.
Tristen is also still leaning into his influencer status. If you’d like to keep up with him, you can also find him on Instagram where he has more than 11,000 followers, or TikTok, where he’s got more than 84,000 loyal followers of the brand.
As far as the deal goes, there’s no mention of
Regardless, we’re sure our next Tristen Ikaika update will show continued success for the jewelry influencer and his brand.
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Kimberly is a writer for Shark Tank Recap. She has written episode summaries and updates across multiple seasons of Shark Tank, with a focus on complete and accurate information since 2021. She believes that getting the business aspects of each deal correct is extremely important for viewers and fans. Her favorite Shark Tank products are The Wobbles and Rocketbook!