Young King Hair Care Update | Shark Tank Season 13

Parents Stefan and Cora Miller couldn’t find any hair care products specifically for young men of color with natural hair. To remedy this, they created Young King Hair Care and pitched it on Shark Tank Season 13. With multiple care products and a skincare line pending, this company is going places! Will the sharks see it the same way? We’ll explain it all in our Young King Hair Care update.

If you’re short on time, here’s a quick overview of what happened to Young King after Shark Tank!

Stefan and Cora Miller appeared on Shark Tank Season 13 and left without a deal. In terms of a Young King Hair Care update, the company is still in business, expanding its retail presence in more than 1,500 Target and Walmart locations as well as online sales. Further, Cora was selected for the 2023 Target Accelerators Founders in Residence program, mentoring other emerging entrepreneurs.

Shark: Result:
Kevin O’Leary Offer of $225,000 for $1/unit royalty until $225,000 is paid, then $0.50/unit in perpetuity
Robert Herjavec Offer of $225,000 for $0.50/unit royalty until he recoups $450,000
Mark Cuban No Offer
Lori Greiner No Offer
Daymond John No Offer

Shark Tank Young King Update

Shark Tank Young King Update

  • Entrepreneurs: Stefan and Cora Miller
  • Business: Haircare products for men of color
  • Ask: $225,000 for 2.5% equity
  • Result: No deal
  • Shark: None

Stefan and Cora created a line of hair care products specifically for men and boys of color inspired by their son. Young King Hair Care creates products with clean and natural ingredients that are safe for young children.

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They worked hard to build their company. Their first-year sales were just $4,100, which didn’t immediately impress the sharks.

However, Stefan quickly reveals that their year-to-date sales are a staggering $1.54 million. As usual, the high sales get the sharks’ attention.

Despite high sales numbers, they aren’t profitable yet, which raised some eyebrows on the panel.

Lori Greiner is the first to go out. She tells them it isn’t for her and that the space is really competitive.

Daymond John loves the product, but he thinks any offer he’d make would be insulting. He goes out, too.

Mark Cuban, on the other hand, doesn’t think that Stefan can market as a small business. He says that the company is marketed like a corporation, which might not work. So, he goes out, too.

Robert Herjavec thinks the product is amazing, but the niche isn’t for him. This, paired with the equity cost, causes him to go out.

Finally, Kevin O’Leary is the last shark remaining. He likes the sales and decides to make an offer: $225,000 for $1/unit royalty until he recoups $225,000, then $0.50/unit in perpetuity.

However, Stefan and Cora aren’t happy with this deal, as they’re not big fans of royalty.

Following Kevin’s offer, Robert comes back in with an offer of $225,000 for a $0.50/unit royalty until he recoups $450,000. After this, he wants a 5% equity conversion if the company sells.

After a quick consultation, Stefan and Cora decide to decline both royalty offers and walk away without a deal.

Where does this leave the company? Keep reading our Young King Hair Care update to find out.

Our Young King Hair Care update research finds that the company has had features on Good Morning America, Essence, BeuatyIndependent, and more.

Most recently, the company earned features in Essence magazine and landed a spot in Target’s Black Beyond Measure initiative.

Also, Cora is part of the 2023 Target Accelerator Founders in Residence program, where she shares her knowledge of starting a successful business with emerging entrepreneurs.

The natural hair care products are available at retailers like Target and Walmart in addition to directly from the Young King Hair Care website. It has a ton of products and most can be used by any age!

The site shows close to 3,000 reviews that are mostly positive and raving about the products. Additionally, they have more than 36,000 followers on Instagram and a growing following on TikTok and Facebook.

The company seems to be doing well, despite not getting a deal on Shark Tank. We can’t wait to see what the next Young King Hair Care update reveals!

Before you go, make sure to check out the other company updates from Season 13 Episode 17 below:

After that, check out our other company updates from Shark Tank Season 13 on our Season 13 products page.

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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!