What Happened to Paskho after the Shark Tank Pitch?
What is Paskho?
Paskho Apparel is a garment brand that focuses on environmentally clean and sustainable products while also hiring Americans.
Instead than establishing a factory, the company engages people from underserved or poor neighbourhoods to sew the garments.
As a result, the garment’s carbon footprint is minimized, protecting the environment from pollution.
Who is Paskho’s Founder?
Patrick Robinson, the Paskho’s brains, has a lengthy career in the fashion industry.
After graduating from the Parsons School of Design, he went on to work for top-tier designer brands such as Giorgio Armani, Anne Klein, and Gap.
Furthermore, prior to establishing Paskho, Patrick established another design firm that ran from 1996 to 2002 and provided items to a variety of specialized retailers.
Patrick started Paskho in the early 2010s as an ecologically conscious clothing company, based on his considerable design industry experience.
He was concerned about the fashion industry’s significant contribution to pollution and attempted to design a more environmentally friendly method of production.
In 2015, a Kickstarter campaign with a $50,000 goal was established. The campaign has 367 backers and raised a total of $68,770.
The outfit itself has a really sophisticated look. They aren’t cheap, but Robinson is competing with firms for which he formerly worked, therefore its high-end equipment.
Male pants range in price from $100 to $200. Blazers cost around $300, while shirts range from $68 to $88, depending on the design.
Patrick is currently a volunteer member of 1% for the Planet in addition to hosting the Paskho show.
What Happened to Paskho During the Shark Tank Pitch?
Patrick makes his appearance on Shark Tank Season 13 Episode 1 in quest of $500,000 in return for a 2.5 percent share in his firm. This translates to a valuation of $20 million.
He examines the Gee’s Bend community and defines the concept of community. Emma recalls him, and he passes over his résumé to the Sharks, who are happy.
Sales in 2019 totalled $6.7 million. Lori is admiring a pair of jeans that cost $42 to make and sell for $110. At checkout, the average cart value is $209, whereas the cost of obtaining a new client is $95.
They’re not making any money either. He’s on track to make $4.5 million this year, but he’ll lose $2 million since he’s expanding his sewing pods.
Emma is astonished he didn’t make more money during the epidemic. Patrick also mentions that he was having supply chain issues, which is why the sewing pod concept appealed to him.
Patrick says he’s working on it, and Emma wonders why his story hasn’t struck a chord with her. He, she feels, is incapable of narrating the story.
Patrick is a fantastic designer, but Mr. Wonderful can tell he’s never been a CEO, so he’s out.
Barbara like the story but says there is a lack of clarity, therefore she is going.
Patrick thinks Emma is a big admirer of his, but he has to figure out how to turn his product devotion into customer obsession.
Lori is out since she is unfamiliar with the fashion industry and would be unable to help Patrick.
Mark believes Patrick will be unable to sell it, therefore he has left as well. Patrick Robinson exits Shark Tank without a contract.
What Happened to Paskho Following Shark Tank Pitch?
The company’s website and social media profiles, such as Twitter and Facebook, show that it is still in business. Its products may be purchased on the company’s website or through Amazon.
The firm has continued to develop, which has resulted in the creation of American jobs.
Customers from all around the world may place orders and enjoy free shipping on orders of $300 or more.
One percent of sales proceeds are donated to environmental activist organizations.
What is the Net Worth of Paskho?
Patrick was looking for $500,000 in exchange for a 2.5 percent ownership in his firm on Shark Tank on October 8th, 2021. This translates to a valuation of $20 million.
Who are Competitors of Paskho
Paskho competes directly with Castle Clothing, situated in Los Angeles
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Paskho FAQS
1. How Did Paskho Do in 2019 in Sales?
The company made $6.7 million in 2019 with an average order value of $209 and a free shipping offer.
2. How much does Paskho costs to buy?
Jeans cost $42 to make and sell for $110.
3. Who founded Paskho?
Patrick started Paskho in the early 2010s as an ecologically conscious clothing company, based on his considerable design industry experience.
4. How much money did he raised in Kickstarter campaign?
In 2015, a Kickstarter campaign with a $50,000 goal was established. The campaign has 367 backers and raised a total of $68,770.
5. How much was Patrick Robinson seeking in the firm?
Patrick was looking for $500,000 in exchange for a 2.5 percent ownership in his firm on Shark Tank This translates to a valuation of $20 million.
6. How much did he received?
Patrick Robinson exits Shark Tank without a contract.
7. Is Paskho still in business?
The company’s website and social media profiles, such as Twitter and Facebook, show that it is still in business. Its products may be purchased on the company’s website or through Amazon.
8. What exactly is Paskho?
Paskho is an eco-friendly clothing line that aims to reduce pollution in a fashion industry saturated by the likes of fast fashion giants.
The company donates 1% of its sales to environmental activist organizations.
10. What is the net worth of Paskho?
The firm’s net worth was $5 million in 2019, with an average revenue of $6.7 million and a valuation of $20 million.
11. Who are the competitors match up against Paskho?
Castle Clothing, situated in Los Angeles is one such firm that competes directly with Paskho.
12. How do they clean their Paskho item?
Machine wash on a cold, gentle cycle and hang or lie flat to dry. Please avoid using high heat settings as this shortens the life of their items.
Dry clean with a sustainable green dry cleaner for a deeper clean.
13. When will their order ship?
They promise that all in-stock orders will be processed within 2-3 business days of receipt.
Orders are not processed or sent on weekends or holidays. Once their order’s shipping label has been produced, they will get an email with tracking information.
