Chid and Adam came into the
Shark Tank Uniform Update
- Entrepreneurs: Chid Liberty and Adam Butlein
- Business: Clothing
- Ask: $300,000 for 10% equity
- Result: No deal
- Sharks: None
After earning $400,000 on Kickstarter, the company followed that by generating about $300,000 in revenue. According to Chid, he estimated that 70% of the company’s sales come from retail while the other 30% come directly from online purchases.
Robert Herjavec and Lori Greiner were the first two sharks to drop out of negotiations due to past experiences that ultimately turned out to be negative with similar companies that came onto
Mark Cuban also dropped out, leaving only Daymond John to potentially negotiate with. After really struggling with the potential investment decision, Daymond ultimately decided to drop out as well, forcing Chid and Adam to leave
While they weren’t able to secure a deal on
The lack of a deal hasn’t seemed to slow down the good-natured company’s growth and the future still seems bright for Uniform as Chid and Adam continue to guide the company in a positive direction.
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