What Happened to Ash and Anvil After the Shark Tank Pitch?
What is Ash and Anvil? (Now Ash and Erie)
Ash & Anvil is a clothing company that specialized on clothes for short men. The whole Ash & Anvil line is made from soft, durable materials and comprises T-shirts, polos, trousers, and shorts.
Furthermore, it only sells goods created for men 5’8″ “and shorter, allowing them to buy clothes that fit well and look great.
Who are the Ash & Anvil founders?
Steven Mazur (5’6″) and Eric Huang (5’8″) launched the firm in 2015.
Steven and Eric each bring unique business and creative design abilities to the table, complementing Ash and Erie.
Steven was a Venture for America fellow before creating the brand, and he spent two years in low-income regions working with entrepreneurs to enhance employment growth.
Eric also worked as a Web Designer, Developer, and Venture For America fellow, and he was a pioneer in resurrecting entrepreneurship.
However, it was not their common passion that prompted them to establish Ash and Anvil.
Steven and Eric have both spent their entire lives being shorter than average.
Even after being accustomed to and at peace with their distinguishing qualities, the struggle to find clothing that truly fit remained.
This is when the two decided to launch their own clothing line for males 5’8″ and shorter.
The Ash & Anvil apparel line began with shirts and has now grown into a company that sells a wide range of things for short men.
This brand now sells jeans, shorts, polos, and crew necks, among other items.
Steven and Eric were tired of having to pay extra to have their clothing tailored to fit them.
As a consequence, they developed a company that not only caters to shorter men, but also helps them feel good about themselves and confident.
They were able to collect seed money for their early designs by running a successful IndieGoGo campaign that raised $26,461. That was in 2015.
Their things are likewise made in the United States. A shirt costs $79 and jeans cost $159, respectively.
What happen to Ash and Anvil at the Shark Tank Pitch?
Steven and Eric appeared on Shark Tank Season 9 Episode 5 in pursuit of $100,000 in return for a 12.5 % stake in their firm. This corresponds to an $800,000 valuation.
They begin their pitch by bemoaning how difficult it is for shorter guys to find clothes.
At the end of the presentation, they remove their shirts, exposing well-fitting Ash and Anvil shirts. The questions begin once the samples have been delivered.
Robert inquires as to what constitutes being short, and they say that it is five feet eight inches or shorter.
Daymond John took a step forward and said that he was five feet eight inches tall. He strolled over to compare himself to Eric and Steven.
Kevin is intrigued by the $130,000 in sales over the period of nine months. They sell the shirts for $79 and make them for approximately $35, giving in a profit margin of around 55%.
Steven stated that stockpiling goods was the company’s most pressing issue at the time, indicating the need for further investment.
With one in every three guys in the United States being under five feet eight inches tall, they have 40 million men to sell to.
Robert believes they have a nice idea, but the clothing line isn’t for him; he’s out.
Lori believes that wasn’t the best business partner for her, and she was out as well.
Daymond didn’t like the notion of shorter men wearing “special apparel,” so he’s out as well.
Mark Cuban is a big fan of the firm and has offered $150,000 for a 25% ownership.
He wants them to accept right away, before they hear from O’Leary.
Mr. Wonderful, on the other hand, offers $100,000 for 15% before they accept Cuban’s offer.
Despite first denying Cuban’s offer, the couple later accepts it.
What Happened to Ash and Anvil After the Shark Tank Pitch?
The deal with Mark was never finished. It turns out the guys were able to raise monies on their own.
They altered the firm’s name to Ash and Erie shortly before their episode aired due to concerns from “a larger business” that they were infringing on some of their trademarks.
Since the event, the firm has received a lot of interest in the mainstream media, with TV appearances on CNN and CNBS, as well as articles in Slate and Bustle magazine.
They hit $1 million in sales in May of 2018, around 7 months after they aired.
A year later, they obtained a $1.2 million venture capital investment. They’ve raised slightly more than $5 million since the episode aired.
As of December 2021, the company’s revenue is little more than $1 million each year.
Ash and Anvil Net Worth
Steven and Eric arrive on Shark Tank in pursuit of $100,000 in return for a 12.5 percent share in their firm. This corresponds to an $800,000 valuation.
They accepted Mark’s offer of $150,000 for 25% stock, valuing the company at $600,000.
What Happened to Angels and Tomboys After the Shark Tank Pitch?
What Happened to BoobyPack Sport Bras After Shark Tank?
Who are the Competitors of Ash and Anvil?
Criquet Shirts is the major rival of Ash and Anvil.
Ash and Anvil FAQS
What is Ash and Anvil?
Ash & Anvil is a clothing business that specialized in casual button-down shirts and slacks for shorter men (5’8″ and under).
Who invented Ash & Anvil?
Steven Mazur (5’6″) and Eric Huang (5’8″) launched the firm in 2015.
How much money were they looking for in the Shark Tank?
The founders were looking for $100,000 in exchange for a 12.5% share in their firm.
Did they secure a deal from Shark Tank?
They accepted Mark Cuban’s offer of $150,000 for 25% shares.
Where can they buy Ash & Anvil garments online?
They may buy the clothing online and on Amazon by visiting their website.
What is the Ash & Anvil price range?
The shirts are $79, and the pants are $159 each.
Where are Ash and Anvil made?
They are produced in Detroit, Michigan.
Why did Ash and Anvil alter their names?
They altered the firm’s name to Ash and Erie shortly before their episode aired due to concerns from “a larger business” that they were infringing on some of their trademarks.
They hit $1 million in sales in May of 2018, around 7 months after they aired.
What happened to ash and anvil?
Following their appearance on Shark Tank, Ash & Anvil was renamed Ash & Erie. Despite the name change, the exceptional quality of Ash & Erie’s shirts has not changed.
More than 11,000 shirts and 1,100 jeans were sold. Sweaters and chinos have been introduced to the Ash & Erie product line.
Where can they find Ash & Erie?
They are headquartered in Detroit, Michigan.
Is ash and anvil legitimate?
The firm is real. Nobody has ever sued Ash & Anvil. Customers have given the organization high marks.
Untucked button-down shirts should be long enough to cover the waist but not so long that they look like they’re wearing a dress.
What payment options do Ash and Erie accept?
Ash and Erie accept PayPal.
What materials are Ash and Erie composed of?
Ash & Erie sweaters are made with 30% extrafine merino wool, a soft and luscious winter fabric that looks and feels similar to cashmere.
The remaining fabric is made up of 35% viscose and 35% nylon knit fabric.
What should the length of a man’s shorts be?
A 7 “Inseam or something close to it is the optimal length and balance for shorter men.
How are men’s shirts measured?
Wrap the tape measure over the broadest area of their chest and back to acquire their chest measurement.
This is usually right beneath their armpits. Take a deep breath and keep the tape measure parallel to the ground.
