What Happened to Laid Brand After the Shark Tank Pitch?
What is the Laid Brand?
LAID Brand was a pheromone-infused professional hair care line. It will not only have the desired effect of attracting someone special, but it will also boost their self-assurance.
Leaving you feeling great and catching people’ attention.
It not only contains pheromones (human chemical scents), but it also contains chemicals that improve shine, repair damaged hair, and moisturize and protect it.
Who is the founder of Laid Brand?
Co-founders include CEO Adam Rauch, David Hensley, and Derek Shaw. Adam had been in the feminine cosmetics sales and marketing industry for 13 years at the time.
David is a celebrity hairstylist that works in hair salons.
Derek, who had previously worked as a business strategist, joined shortly after.
The company had discontinued operations as of December 2018, with all staff either moving on to new projects or staying with their current jobs.
David noticed a market potential for a new hair care product based on his frontline experience in hair salons in early 2010, and The Laid Brand was established
One that allowed men and women to not only appear but also feel their absolute best.
One who projected self-assurance as well as artistic expression. He started working on a product line during this time, and it was around this time that he met Adam, a client.
He pitched the idea to Adam, who saw potential in it based on his experience dealing with well-known beauty care companies.
Both of them dreamed of turning this product line into a brand.
They tested a few prototypes with a range of pheromones and made $27,000.00 in salon and online sales.
Adam recruited Derek, a fellow university graduate, to join the company around this time.
He might advise on investment and production as a business strategist
The line comprises of three items, each with a witty moniker. Straight 2 Kinky is a detangler; Fill Me Up is a volumizing spray; Rock in’ is a hair oil; and Straight 2 Kinky is a volumizing spray. The price of each bottle is $24.99.
What Happened to Laid Brand on Shark Tank?
On Shark Tank season 8 episode 24, Adam and Derek entered in quest of $30,000 in return for a 30% ownership in their company. This implies a $100,000 valuation
They start by sharing their story. When a lady walks in, the trio’s third unidentified member starts applying Laid Brand stuff into her hair right away.
Following that, the lady delivers samples to the Sharks.
Before getting down to business, they have a playful discussion about pheromones.
Derek established the company in 2010. He recruited Adam because he knew his way around a hair salon.
They made a few “pilot” items and made $27,000 from a single salon in six months.
Unfortunately, owing to the requirement to reformulate their product before contacting salons, the company has made no sales in the previous three months.
Lori and Mark both inquire if they’ve done any market research with women, and the lads claim that a pheromonal community exists
Robert properly expresses his dissatisfaction. As he has proved, incorporating pheromones into items is neither unique nor proprietary.
Lori goes on to say that no one thought to question about the merchandise’s price.
Derek thinks that creating a bottle, or their entire product blend, costs $2.50 on average. The cost to buy it online is $24.99.
Kevin O’Leary departs after informing them that small enterprises are not accepted by Sephora and department stores.
Lori Greiner sprayed the product on Kevin and found it to be ineffective! She said that there is no aroma, meaning that the brand is riddled with flaws. She has left the room.
Mark Cuban feels they can skate by, but $30,000 isn’t enough to get them where they need to go, so he’s out as well.
Barbara Corcoran considers herself to be a walking sex queen and can’t imagine what would happen if she utilized their products, therefore she’s out.
Barbara is the fifth and final Shark to withdraw from the deal, leaving Derek and Adam without cash for their Laid Brand hair-care company.
What Happened to Laid Brand After the Shark Tank Pitch?
In December 2018, the guys made the decision to close the company.
What is the Net Worth of Laid Brand?
On Shark Tank season 8 episode 24, Adam and Derek arrive in quest of $30,000 in return for a 30% ownership in their company. This implies a valuation of $100,000 valuation.
Because they are no longer in business, the present internet is inaccessible.
Who are the Competitors of Laid Brand
Who are the competitors of Laid Brand?
There is no competitors identified for Laid Brand
Laid Brand FAQS
What is the Laid Brand?
Laid Brand was a pheromone-infused professional hair care line.
It will not only have the desired effect of attracting someone special, but it will also boost their self-assurance. Leaving them in a terrific mood and catching others’ attention.
Who were the Laid Brand founders?
Co-founders include Adam Rauch, David Hensley, and Derek Shaw. Adam had been in the feminine cosmetics sales and marketing industry for 13 years at the time.
In the Shark Tank, how much were they looking for?
Derek and Adam wanted $30,000 in return for a 30% interest in their company
Is it true that they made a deal with the Sharks?
Laid Brand left without a contract because the Sharks were disinterested.
When did Laid Brand begin?
In 2012, Laid Brand was founded.
Is Laid Brand still operational?
Laid Brand has closed its doors. In December 2018, they terminated operations.
Where can people purchase Laid Brand items?
The item has been removed from the market.
Was Laid Brand free of sulfates?
The items were sulfate-free, but pheromones were abundant.
Was Laid Brand devoid of parabens?
Each product is free of parabens and suitable for all hair types.
Where can they find them?
The Laid Brand has been deactivated and may no longer be accessed.
Were the Laid Brand products cruelty-free?
The Laid Brand products were free of animal testing.
Where did Laid Brand call home?
Laid Brand was based out of Tampa, Florida.
What was the Facebook page for the Laid Brand?
Because the company has closed, the Laid Brand Facebook page is no longer available.
What is the purpose of the Laid Brand website?
The website for Laid Brand is currently offline.
What episode of Shark Tank did Laid Brand appear in?
They made an appearance in episode 24 of season 8.
