What Happened to Cashmere Hair After the Shark Tank Pitch?
What is Cashmere Hair?
Cashmere Hair is a manufacturer of high-quality clip-in hair extensions that provide users with longer, fuller hair.
Each extension is made entirely of 100% Remy human hair, which means the hair’s cuticle is completely intact, giving the hair a richer, fuller appearance.
The extensions are easy to apply and style and come in a variety of colours and lengths.
Who is the Founder of Cashmere Hair?
Cashmere Hair was created in 2013 by Rachel Bernstein and Melissa Barone.
Barone formerly worked in Beverly Hills as a celebrity hairstylist, while Bernstein worked in Hollywood as a makeup artist and model.
They both continue to serve as CEOs of Cashmere Hair today, while the company thrives.
Bernstein and Barone launched Cashmere Hair after recognizing a need for thicker hair for photo sessions but being unable to find any high-quality hair extensions that satisfied their standards.
This motivated them to contemplate other women who share their displeasure with their natural hair and saw the importance of finding a solution.
They then became entrepreneurs, taking on the responsibility of developing their own high-quality extensions.
After considerable trial and error, they discovered what they were looking for and began wearing them in public. As the compliments poured in, they decided to produce Cashmere Hair.
What Happened to Cashmere Hair at the Shark Tank Pitch?
In Season 5, Episode 12, of Shark Tank, Rachel Bernstein and Melissa Barone addressed the Sharks, demanding a $45,000 investment in exchange for a 15% stake in ‘Cashmere Hair. This is around a $300,000 valuation.
“Every woman has had to fake it at least once, particularly when it comes to beauty,” Melissa says. Rachel then says that she is “going to deconstruct everything.”
She removes her hair extensions and demonstrates how to remove and reattach them properly.
Kevin enquires about the fundamental component, to which Rachel says that it is entirely comprised of Indian hair.
Each extension costs an average of $105, and they retail for $399.
The Sharks question about the price and encounter no resistance. The girls claim to have been in business for six months and have generated sales of $38,000.
Mr. Wonderful is baffled by the “false advertising” part; Melissa says, “why not bump it up to a ten?” Robert adores it, but is curious about their expansion and promotion plans.
Cashmere Hair parties have been hosted by the women.
Mark determines that the business is unsuitable for investors and closes it.
Lori inquires about the price structure, to which Rachel answers that it is higher because of the improved quality.
Kevin lacks the vision necessary to build this into a multimillion-dollar business. He has left. Kevin O’Leary is seeking for a natural-haired lady!
Daymond asserts that the issue is one of marketing, and he warns them that they do not wish to be assisted by someone like him. He has left.
Robert is a fan of the salon hair party concept, but you have yet to implement it. He then goes, wishing them well.
Lori realizes that staying ahead of the competition would be difficult and she leaves.
Rachel and Melissa from Cashmere Hair ultimately fail to secure a Shark Tank investment.
What Happened to Cashmere Hair After the Shark Tank Pitch?
Cashmere Hair’s strength continues to grow. The line continues to sell well online through the website.
They have a far stronger social media presence, with active pages on Instagram, Facebook, and Twitter, among others.
The website is jam-packed with instructional lectures and advice on how to properly care for customers’ expensive hair extensions. Additionally, the ladies included accessories like as holders to fasten the extensions while travel.
They remain active as of August 2021, earning an annual revenue of $5 million.
What is the Net Worth of Cashmere Hair?
On Shark Tank, the proprietors sought a $45,000 investment in exchange for a 15% stake in ‘Cashmere Hair. This is around a $300,000 appraisal.
Who are the Competitors of Cashmere Hair?
Bellami Hair, Luxy Hair, Donna Bella, Mayvenn, Prarvi Hair, Babe Hair Extensions, Hair Locs International, Hair Extension Dreams, TheDreamHair, Beautyforever, and Black Show Hair Investors are Cashmere Hair’s competitors.
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Cashmere Hair FAQS
What is Cashmere Hair?
Cashmere Hair is a premium hair extension composed completely of 100% Remy human hair.
Who are the founders of Cashmere Hair?
Cashmere Hair was created in 2013 by Rachel Bernstein and Melissa Barone.
How much were they asking in the Shark Tank Pitch?
The ladies were seeking $45,000 in exchange for a 15% stake in ‘Cashmere Hair.
Did Cashmere Hair get a deal on Shark Tank?
No, the Sharks did not invest in them.
How do they contact Cashmere Hair customer service?
Cashmere Hair customer service can best contacted via their online form or by email at [email protected].
Is cashmere hair still in business?
Cashmere Hair is still a success today and is one of the leading hair extension firms on the market.
It now offers its products online, where they currently have a rating of about 4.5 stars based on 4,705 reviews. As of August 2021, it generates $5 million in annual revenue.
Will Cashmere Hair Extensions damage their hair?
In comparison to typical salon extensions, there will be no adverse effects (beaded, tape-ins, hand tied wefts, etc.)
Why is Remy hair more expensive?
One indication that they use high-quality Remy hair is their cost. It is the most expensive type of hair, and the price continues to increase. Remy hair extensions appear more natural and resemble the wearer’s actual hair.
What colour do they choose?
When choosing a hue to match their own hair, they should choose one that compliments their hair from root to tip.
Allow them to choose the color of their “roots” at no point, as they are typically a distinct tone.
What are Swatches?
Swatches are snippets of hair that are neither clipped nor linked to the wearer’s head. Customers can use swatches to match their natural hair color to the appropriate shade of Cashmere Hair.
Can people purchase Cashmere Hair Extensions in separate pieces/tracks?
Cashmere Hair Extensions are not available in single tracks; they are only available in multi-track sets.
How often should they wash their Cashmere Hair?
The majority of people are not obliged to wash their extensions after each use.
They may style Cashmere Hair in a variety of ways.
Cashmere Hair is 100 percent human hair that can be heated with a flat iron, curler, crimper, blown dried, or air dried in the same way as genuine hair can.
Can they cut Cashmere Hair Extensions?
They encourage them to have their extensions trimmed by a trained hair extension cutter.
They’ll appear fantastic and natural if they’re trimmed to blend in with the rest of their hair.
Is Cashmere Hair processed?
Cashmere Hair is minimally processed. Their gentle CASHMERE dying process maintains the integrity of the hair, resulting in vibrant colour and long-lasting hair.
Can they tone/use purple shampoo on Cashmere Hair?
They strongly advise avoiding using toner, purple shampoo, and color depositing products on Cashmere Hair.
Under no circumstances will they allow refunds or exchanges on hair extensions treated with dye, toner, or color depositing shampoos/conditioners/products.
Will Cashmere Hair Extensions stay in their hair, without slipping out?
Not to worry, even those with fine hair will not see their extensions come out on their own. Clip-in extensions are a more secure option for extensions than other types.
Cashmere Hair uses only the finest clips to ensure that the hair is securely fastened for maximum comfort and safety.
Where can they purchase the Cashmere Hair extensions?
They may order Cashmere Hair extensions online from the official website.
What is the composition of cashmere hair extensions?
They are made entirely of Remy human hair.
Is cashmere hair good?
Cashmere Hair is a manufacturer of high-quality hair extensions. The hair was flawless in terms of color, texture, clip quality, thickness, and length.
Additionally, the hair extensions lasted an extended period of time and did not fall out.
What is the lifespan of cashmere hair extensions?
They can last up to 6–12 months
