What Happened to Legacy Shave After Shark Tank?

Written on October 4, 2024   By thecradletheatre   in Blog

What Happened to Legacy Shave after Shark Tank

Legacy Shave after Shark Tank and his brother created the Legacy Shave, a brush that attaches to the head of shaving cream cans. Its innovative design combines old-school tradition with modern ease, aiming to change the way people shave. The brush can fit any brand and size of shaving cream can, and it allows users to dispense only the amount needed for each use, cutting down on waste. The idea came to Gutow during his father’s chemo treatment and was meant to honor his memory.

After being featured on Shark Tank, Legacy Shave has seen significant growth. Their increased visibility and funding has helped them expand and improve their products, allowing them to reach more customers. The company’s heartwarming story and earnest mission to honor their father has helped them gain a loyal customer base.

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Legacy Shave’s product is unique and stands out among competitors. Its innovative design allows customers to dispense only the right amount of shaving cream for each shave, and it can be used on any type of face. It also provides a more comfortable, clean, and luxurious shave. The company’s impressive valuation reflects the success of this grooming-related startup.

On Shark Tank, Mike presented his product to a panel of investors. Barbara Corcoran didn’t think his invention was a good fit for her business, and Mark Cuban thought it would be hard to compete with existing products on the market. Kevin O’Leary and Robert Herjavec dropped out, leaving Lori Greiner as the only Shark to invest in the company. Lori offered $1 million for the business and a 3% royalty on sales in perpetuity, giving Mike 95% of the company with him retaining 5% equity.