What Happened to The Factionist after the Shark Tank Pitch?
What exactly was The Factionist?
The Factionist is a casual streetwear clothing line that uses ethically sourced fabrics and environmentally mindful procedures.
It’s emblazoned with a number of socially aware statements, sayings, and logos.
The Factionist strives to be more than just another fashionable apparel brand; it aspires to be a youthful identity movement.
Attempting to appeal to today’s children as they become more conscious.
Who was The Factionist’s founder?
Nate Berkopec started The Factionist as a business student at New York University, where he later earned a Bachelor’s degree.
Nate’s concept for The Factionist ended after a year due to a lack of funds, and he moved on to other projects.
He is now the sole proprietor of The Speed Shop, a one-man operation that helps organizations design faster and more scalable apps.
Nate designed a strategy to alter the world as a social justice warrior while simultaneously satisfying his inner capitalist during his university years.
Recognizing that his peers and peers his age were becoming more socially conscious and politically engaged, Nate wanted to create a clothing brand with which like-minded people could identify – all while adhering to environmentally sound processes.
As a result, he began buying t-shirts with socially conscious messages written on them.
In six months, he made $3000 in sales, primarily by selling on campus to his university alumni.
He immediately realized that with absolutely little business experience and no cash to go beyond that, he would be unable to meet the goal he had set for himself.
As a result, he set out to find investors to help him achieve the success he aspired.
What Happened to The Factionist’s Pitch on Shark Tank?
Berkopec appeared on Shark Tank season 1 episode 12 and asked for a $30,000 investment in exchange for a 20% stake in his company. This translates to a $150,000 valuation.
He asserts that today’s youth are the most socially conscious generation in history.
He dresses in t-shirts that say things like “1.75 billion people live on less than $1.25 each day.” Buy fair-trade items.”
“The Factionist is not just another clothes brand,” Berkopec continues. It’s a societal uprising.”
Kevin O’Leary is skeptical. “Do you really believe you’re going to rescue the world?”
Berkopec is ready to meet with him. “Yes, but I’ll be paid for it.”
Robert Herjavec questions the business concept. Berkopec has sold shirts totalling $3,000 in value. He purchases ethically made shirts, screen prints sayings on them, and sells them.
“There isn’t even a company yet,” Herjavec says.
“Anyone and his dog can stick sayings on tee shirts and sell them,” notes O’Leary.
According to Daymond John, the reigning king of fashion, Berkopec hasn’t “even gone to private manufacturing.” He’s intrigued.
“How will you assure that this is environmentally safe?” For the first time, Berkopec is at a loss for words.
He is aware that bamboo is more expensive than cotton, but he lacks actual facts or sales numbers to back this up. He’s stumbling in the water.
According to Herjavec, there are hundreds of more capable businesspeople out there that have more skills, backing, and resources to enter this field.
Berkopec’s zeal and enthusiasm are working against him. He is excited about his product, but he lacks the necessary skills, expertise, and resources.
“It’s just a terrible notion,” Kevin O’Leary says as he walks away.
Barbara Corcoran is perplexed as to why his company’s brand isn’t printed on the shirts. “People will ask, ‘hey, where did you get that shirt?'” predicted Berkopec. “That is the worst branding phrase I’ve ever heard,” Daymond John comments.
Kevin Harrington is departing because the company’s worth outweighs its sales. “It’s a long-term investment,” Berkopec continues.
“We’d lose money, so it’s a short-term investment,” Daymond John explains. Robert Herjavec thinks the idea of a company without a proprietary product is “ludicrous,” thus he’s out.
Barbara Corcoran believes that the figures just don’t add up for her. She regrets not being able to declare herself in, but she is also out.
“I’m worried that my shirt will say, ‘I invested, and I lost 100% of my money,'” says Daymond John. The final Shark has been sent.
What Happened to The Factionist Following His Shark Tank Pitch?
Despite the fact that Berkopec’s six-month-old firm lacked the sales, business plan, and distinct product to entice the Sharks, Barbara Corcoran was impressed enough to hire him. He worked in her workplace for a few moments.
As a garment firm, The Factionist lacks a unique enough brand to succeed. The website is no longer active, and neither Facebook nor Twitter have been updated since 2010.
Berkopec’s clothing line plan may have failed, but his determination and dedication will get him through.
Nate admits, in a blog post published in October 2017, that there was never a business.
He was utilizing a rented screen printer to sell tee shirts for a few hundred dollars.
His confidence was sufficient to get him on the show. He also admits that his failure on national television had a long-term influence on him, prompting him to seek counselling.
He did find his calling in programming, earning over $250,000 from a Ruby on Rails course he created.
What was The Factionist’s net worth?
Berkopec appeared on Shark Tank season one episode 12 and asked for a $30,000 investment in exchange for a 20% stake in his company. This translates to a $150,000 valuation.
Who are The Factionist’s competitors?
There are no known competitors for The Factionist.
What Happened to DreamPad after Shark Tank?
What happened to Yumble after the Shark Tank Pitch?
The Factionist FAQS
1. What is The Factionist’s phone number?
They are no longer in business.
2. What is The Factionist’s address?
They are no longer in business.
3. How can they contact The Factionist?
They are no longer in business.
4. Where was The Factionist based?
The business was based out of New York City.
5. What Happened to Nate Berkopec at the Shark Tank Pitch?
Berkopec appeared on Shark Tank season one episode 12 and asked for a $30,000 investment in exchange for a 20% stake in his company. This translates to a $150,000 valuation.
6. Did Nate Berkopec get the deal?
No. He didn’t get the deal.
7. What is Nate Berkopec’s net worth?
Nate Berkopec’s net worth is $800,000 as of 2022.
8. What Happened to Nate Berkopec?
His proposal received some traction with Barbara Corcoran, who hired him as a consultant. He stopped by her workplace for a few moments.
9. What was The Factionist?
The Factionist is a casual streetwear clothing line that uses ethically sourced fabrics and environmentally mindful procedures.
10. What episode was The Factionist featured?
The episode was season 1 episode 12 which was aired on January 15, 2010.
