What Happened to The Home T Shirt After Shark Tank?
Home T Shirt Shark Tank Update
Although Ryan Shell failed to secure a deal with the Sharks for his company The Home T Shirt, the business continued to thrive after their Shark Tank appearance.
As of February 2022, The Home T Shirt was still in operation with annual revenue of around $2 million. Despite the Sharks’ concerns about the company’s long-term prospects and ability to protect against copycats, The Home T Shirt managed to sustain its success.
The company expanded its product line beyond just state-themed t-shirts to include various other designs like “Style and Grace,” “Chicken Butt,” “Girl Boss Queen Elizabeth II,” “Thankful,” “Spooky Vibes,” and “Skeleton Yoga,” among others.
In addition to t-shirts, they also offered customization options for hoodies and sweaters, maintaining their commitment to quality and customer satisfaction.
While Ryan initially valued the company at $5 million during the pitch (which the Sharks found extremely inflated for a t-shirt business), the exact current valuation is unclear.
However, with $2 million in annual revenue as of 2022, the company has likely grown in value since their 2013 Shark Tank appearance.
Despite not landing a Shark deal, The Home T Shirt demonstrated the ability to grow and thrive on its own, leveraging the exposure from the show to build a loyal customer base supporting its expanded product offerings.
| SECTION | DETAILS |
| Product | The Home T Shirt – Customizable, high-quality t-shirts representing different U.S. states |
| Founder | Ryan Shell |
| Company Origin | Founded in 2010 after Shell moved from North Carolina to New York City and wanted to connect with his home state |
| Shark Tank Pitch | Sought $250,000 for 5% equity, valuing the company at $5 million |
| Shark Tank Outcome | No deal – Sharks found the valuation too high for a t-shirt company |
| Current Status | As of 2022, still in operation with $2 million in annual revenue |
| Product Line Expansion | Expanded beyond home state t-shirts to various designs like “Girl Boss Queen Elizabeth II,” “Thankful,” etc. |
| Customization | Offers customization options for t-shirts, hoodies, and sweaters |
| Competitors | Everlast T’s |
| Valuation | Initially valued at $5 million by Ryan; Sharks countered with ~$700,000 – $833,333 valuation |
| Social Cause | $1 from each purchase donated to Multiple Sclerosis Society |
What is The Home T Shirt?
The Home T-Shirt is a T-shirt company that appeared on ABC’s Shark Tank. They offer high-quality, embellished T-shirts that allow customers to personalize their own designs or use pre-designed templates.
Their products are made from soft, comfortable materials, and are perfect for both casual and formal events.
The company was founded by two brothers, Kevin and Ryan, who pitched their product to the Sharks looking for an investment to expand their business.
The materials used to create The Home T-shirt are of high quality. The shirt is constructed of 100% combed ring-spun cotton, and the designs are sublimated for a high-end look.
The Home T-shirt is more than just a shirt; it’s a means to show the rest of the world how much you appreciate where you live. Currently, three states are available: Texas, Arizona, and Florida.
Who is the founder of The Home T Shirt?
Ryan Shell founded the business after moving from North Carolina to New York City in 2010. He craved for home, so he created a tee-shirt depicting his home state. The rest, as they say, is history.
Home T manufactures all its tee shirts in the United States of America. They also highlight the softness and comfort of their tees.
Each state in the United States has its tee shirt, and hats, onesies, hoodies, and pillows are all available. Each purchase contributes to the research activities of the Multiple Sclerosis Society. Mr. Shell has made over a million dollars in sales to date.
The Home T-shirt Company is a for-profit company that strives to give back to the community. They’ve made over 4 million shirts and contributed $1 from each one to the Multiple Sclerosis Society.
Now that you know the backstory of The Home T-shirt, you may get your state from their website.
Each shirt is handcrafted to your specifications and delivered in approximately a week. This is a fantastic present for someone who misses their hometown as well.
What Happened to The Home T Shirt at Shark Tank pitch?
When Ryan entered the Shark Tank seeking $250,000 for a 5% stake in his Home T business, valuing it at a whopping $5 million, the sharks were stunned by the high valuation for a t-shirt company.
Ryan’s pitch highlighted the company’s impressive $1.1 million in sales and $540,000 in profit within the first year, driven primarily by word-of-mouth marketing and a lean $5,000 ad spend on Facebook.
The sharks were amazed by the company’s organic growth but skeptical about its long-term prospects and ability to defend against copycats.
Kevin O’Leary dismissed Home T as a commodity product without protection, while Daymond John, the fashion expert, agreed that the product couldn’t be protected.
Mark Cuban doubted the word-of-mouth claim, and Robert Herjavec, though impressed by the sales, predicted demand would eventually dip.
When negotiations began, Ryan stuck to his guns, unwilling to offer more than 10-15% equity for the $250,000 investment. This led Kevin and Daymond to accuse him of seeking free publicity rather than a genuine deal.
Robert offered $250,000 for 35%, and Lori countered with 30%. But Ryan couldn’t comprehend the implied $1 million-plus valuation, repeatedly justifying his $5 million figure based on the company’s sales.
In a surprising move, Ryan countered Lori’s offer with a request for $400,000 for just 10% equity, leaving the sharks dumbfounded. Lori swiftly backed out, followed by Robert.
In a last-ditch effort, Daymond offered $250,000 for 20% equity– close to Ryan’s acceptable range. But Ryan remained fixated on the low valuation, leading Daymond to rescind his offer too.
As Ryan left without a deal, the sharks debated whether he was genuine or just sought exposure, underscoring the vast divide between his perception of Home T’s worth and the sharks’ more pragmatic valuations.
| SECTION | DETAILS |
| Product | The Home T Shirt – Customizable, high-quality t-shirts representing different U.S. states |
| Founder | Ryan Shell |
| Company Origin | Founded in 2010 after Shell moved from North Carolina to New York City and wanted to connect with his home state |
| Shark Tank Pitch | Sought $250,000 for 5% equity, valuing the company at $5 million |
| Shark Tank Outcome | No deal – Sharks found the valuation too high for a t-shirt company |
| Current Status | As of 2022, still in operation with $2 million in annual revenue |
| Product Line Expansion | Expanded beyond home state t-shirts to various designs like “Girl Boss Queen Elizabeth II,” “Thankful,” etc. |
| Customization | Offers customization options for t-shirts, hoodies, and sweaters |
| Competitors | Everlast T’s |
| Valuation | Initially valued at $5 million by Ryan; Sharks countered with ~$700,000 – $833,333 valuation |
| Social Cause | $1 from each purchase donated to Multiple Sclerosis Society |
What Happened to The Home T Shirt After Shark Tank?
After appearing on Shark Tank, The Home T shirt company continued to thrive.As of February 2022, the firm was still in operation, with yearly revenue of $2 million.
As of 2024, the Home T shirt business is still operational and has expanded its product line beyond home state t-shirts to include various designs like “Style and Grace,” “Chicken Butt,” “Girl Boss Queen Elizabeth II,” “Thankful,” “Spooky Vibes,” and “Skeleton Yoga,” among others.
The company offers customization options for t-shirts, hoodies, and sweaters, maintaining its commitment to quality and customer satisfaction.
Despite not securing a deal on the show, The Home T has sustained its success, with an array of products and a loyal customer base supporting its growth
Ryan grew the company over time, introducing many more styles in addition to the state tee shirts.
Competitors of The Home T Shirt
Everlast T’s is The Home T Shirt’s primary competitor in the market.
Net Worth of The Home T Shirt
The firm was valued at $5 million during and after the pitch.
Ryan’s initial pitch while seeking a $5 million valuation by asking for a $250,000 investment in exchange for a 5% equity stake in the company.
However, the sharks felt this valuation was extremely inflated for a t-shirt company, even with Home T’s impressive $1.1 million in sales and $540,000 in profits in the first year.
Counters from Robert Herjavec ($250k for 35%) and Lori Greiner ($250k for 30%) implied they valued the company at around $700,000 to $833,333.
Ryan repeatedly pushed back on these lower valuations, sticking to his $5 million figure based on the company’s sales numbers.
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The Home T Shirt FAQs
What is The Home T Shirt?
The Home T-shirt is a beautiful way to show your state pride while helping MS research. All items are handcrafted and printed to the highest industry standards.
Who is the inventor?
Ryan Shell invented The Home T-shirt Company after moving from North Carolina to New York City. He craved for home, so he created a tee-shirt depicting his home state.
How much did Ryan ask for on Shark Tank?
Ryan was looking for $250,000 for a 5% stake in his company. The deal was worth $5 million.
Did Ryan have the deal?
Ryan did not have the deal, and he returned home without a Shark Tank deal.
Is The Home T Shirt still in operation?
As of February 2022, Home T Shirt is still in operation.
What is the revenue?
As of February 2022, the Home T Shirt has an annual income of $2 million.
Where can I learn more about The Home T Shirt?
Customers may learn more about The Home T Shirt by visiting TheHomeT.com.
How much does The Home T Shirt cost?
The Home T-shirt sells for $24.99 on its website, while the retail price is around $32.99. Domestic orders cost $4 to ship, while international orders cost $7 to ship.
Why should I purchase The Home T-Shirt?
Purchasing The Home T Shirt will contribute to the advancement of multiple sclerosis research. Customers may search for their state on the internet or enter their location to order a tee-shirt with their state’s name.
What is the return policy for The Home T Shirt?
The Home T-shirt is returnable within 30 days. The product is available in sizes ranging from small to 4XL.
How many colors are available for The Home T Shirt?
There are at least 20 different colors available for the Home T-shirt. A regular order contains one tee shirt in each size.
Is there a warranty for The Home T Shirt?
If you are dissatisfied with your purchase, Home T-shirt will refund your money in full. Clients may expect the bespoke order to be dispatched within six weeks of submitting a completed order form if the bespoke order is not in stock.
Is free delivery available from The Home T Shirt?
The Home T-shirt provides free delivery on orders over $100 and regular postage on orders under $100.
Who is The Home T Shirt’s CEO?
Ryan Shell is the CEO and founder of Home T-shirt.
