Winter can be challenging for everyone. While hats and beanies keep your head warm, your face is often left exposed to freezing cold air. Many people experience discomfort during outdoor activities like skiing, snowboarding, or even just walking in the snow. The biting chill on your face can make enjoying the winter season much harder.
David Stankunas faced the same issue during a skiing trip. He realized that traditional hats didn’t cover the entire face. That’s when he thought of a fun solution. Why not attach a knitted beard to a standard hat? This idea combined practicality with a touch of humor. That’s how Beard Head was born. Beard Head offers knitted hats with detachable beards. They keep your head and face warm while adding a playful element to your winter wear.
David presented Beard Head on Shark Tank Season 7. He hoped to impress the Sharks with his unique product. He asked for $250,000 in exchange for 25% of his business. Did the entrepreneur get a deal on Shark Tank? Check out our Beard Head update to find out!
Beard Head Net Worth Shark Tank Update 2025
David Stankunas asked for a $250k investment in exchange for 25% equity in his company. This meant he valued Beard Head at $1 million. Unfortunately, he did not secure a deal with the Sharks. After the show aired, Beard Head saw a big increase in website traffic, sales, and social media exposure. With an estimated 10% yearly growth rate (typical business growth), the current net worth of Beard Head is about $1.61 million.
Beard Head may not have secured a deal on Shark Tank, but the exposure was a game changer. The show introduced the brand to millions of viewers. After the episode aired, Beard Head gained significant popularity. Many people loved the idea of a hat that was both functional and fun.
Since its Shark Tank appearance, Beard Head has grown tremendously. In 2022, the company reported annual sales of just under $4 million. That’s a big jump from the numbers David shared during the show. Beard Head’s products are now widely available. Customers can find them on Amazon and the official Beard Head website.
The company’s collection has expanded to include over 200 designs, offering something for everyone. From quirky styles to classic designs, Beard Head has it all. It’s clear that this novelty brand is thriving even without a Shark’s investment.
Unfortunately, Beard Head did not secure a deal on Shark Tank. While the Sharks found the product amusing, they had several concerns about its potential for growth and consistent sales. David’s pitch ended with all the Sharks opting out.
| Shark(s) name | Offer & Demand | Counteroffer | Accepted? |
| Robert Herjavec | Out | N/A | N/A |
| Lori Greiner | Out | N/A | N/A |
| Kevin O’Leary | Out | N/A | N/A |
| Barbara Corcoran | Out | N/A | N/A |
| Mark Cuban | Out | N/A | N/A |
Beard Head Shark Tank pitch
David Stankunas came up with the idea for Beard Head during a skiing trip. He noticed how uncomfortable it was to keep his face warm while enjoying the slopes. Traditional scarves were inconvenient and often slid out of place. He wanted a better solution.
David’s love for creativity and humor inspired him to design a hat with a built-in beard. It wasn’t just about functionality; it was also about making people smile. Early on, David faced challenges. Competitors tried to copy his idea, leading to a patent infringement lawsuit. Despite these hurdles, David remained determined. His vision was to create a product that was both practical and entertaining.
David walked into the Shark Tank with confidence. He presented his knitted hats with detachable beards as the ultimate winter accessory. He explained how Beard Head solved the common problem of keeping your face warm in cold weather.
David shared impressive numbers. Beard Head had achieved $5 million in total sales before the show. However, sales had recently dipped due to a legal battle with a competitor. Despite the setback, David believed in his product’s potential. He expressed his desire to license Beard Head to scale the business further. His ask was $250,000 for 25% equity. Keep reading our Beard Head update to see what happens next!
Each Shark had their own questions about Beard Head. Here’s how the conversation unfolded.
Robert Herjavec: He asked about the decline in sales. David explained that it was due to a lawsuit with a competitor who had copied his idea. Robert also questioned the product’s consistency in sales over time.
Lori Greiner: She wanted to know if Beard Head was a fad or something with long-term potential. David responded that the product’s unique designs and functionality gave it staying power.
Mark Cuban: He asked about scalability. David shared his plan to license the product to reach more customers.
Barbara Corcoran: She didn’t understand the appeal of the product. She said it wasn’t something she would personally use.
Kevin O’Leary: He asked about profit margins. David revealed that the margins were around 25% to 35%.
Robert Herjavec: He appreciated the humor behind Beard Head. However, he was concerned about the drop in sales and didn’t believe the product had long-term consistency. He decided not to invest.
Lori Greiner: She liked the product but felt it was more of a fun trend than a sustainable business. She opted out.
Mark Cuban: He couldn’t see Beard Head reaching $10 million in sales, which was his benchmark for investment. He went out.
Barbara Corcoran: She didn’t connect with the product and said it wasn’t for her. She decided not to invest.
Kevin O’Leary: He didn’t find the product exciting enough to invest. He also went out.
With no offers from the Sharks, Beard Head left without a deal.
What Went Wrong With Beard Head On Shark Tank?
Several factors led to Beard Head not securing a deal. The Sharks were concerned about the recent dip in sales. This raised doubts about the product’s consistency. Some Sharks, like Barbara Corcoran, didn’t see the product’s appeal. Mark Cuban didn’t believe the business could reach $10 million in sales. Lori Greiner thought it was more of a fun trend than a lasting business.
Product Availability
From our Beard Head update research, Beard Head is still going strong. The product is available on multiple platforms. Customers can shop directly from the Beard Head website or find their favorite designs on Amazon. The collection includes over 200 styles, ranging from funny to practical. Each hat is made with high-quality materials, ensuring warmth and comfort.
Prices vary depending on the design. Beard Head offers options for kids and adults, making it a family-friendly brand. Whether you’re looking for a unique gift or a practical winter accessory, Beard Head has something for everyone.
Conclusion
Beard Head’s journey on Shark Tank was just the beginning. Although David didn’t secure a deal, the show gave his brand incredible exposure. Beard Head’s fun and functional designs have captured the hearts of customers worldwide.
The company continues to thrive, with annual sales nearing $4 million as of 2022. From battling legal challenges to expanding its product line, Beard Head’s story is one of resilience and creativity. Whether you’re hitting the slopes or just braving the winter chill, Beard Head makes staying warm a lot more fun.
Hey, I’m Amna Habib an undergraduate student of Bachelors in Business Administration. Shark Tank is one of my favorite TV shows of all time. The show provides a fascinating insight into the world of entrepreneurship by presenting creative solutions to common problems, which strongly connects to my academic interests. I’m interested in learning more about the strategic thinking and creativity that lead these companies as each pitch provides insightful information. I’ve found that watching Shark Tank has inspired my enthusiasm for business and entrepreneurship and has been a very enlightening and motivating experience. Apart from business and writing, I love food, shopping, and hanging out with friends and family. Read more About me.
