Shaving might seem like a quick and simple task, but cleaning up afterward is a different story. Many people who shave their beards face the annoying problem of cleaning up hair clippings scattered all over the sink and floor. This can be frustrating and time-consuming. It’s especially troublesome for those who share a bathroom because cleaning up someone else’s mess is never fun.
Nicholas and Alessia Galekovic experienced this problem firsthand. Alessia was tired of cleaning up her husband’s beard trimmings and wanted a solution. Together, they came up with the Beard King bib. This unique product catches all the trimmings while you shave, leaving no mess behind. The bib attaches to a mirror and stretches over to you, creating a perfect trap for the hair.
The couple introduced their Beard King bib on Shark Tank in Season 7. They hoped to impress the Sharks and secure a deal to help grow their business. The entrepreneurs requested $100,000 for 20% equity. Did the entrepreneurs get a deal on Shark Tank? Check out our Beard King update to find out!
Beard King Net Worth Shark Tank Update 2025
Nicholas and Alessia Galekovic went on Shark Tank asking for $100,000 for 20% of their company. This meant they thought their business was worth $500,000. They made a deal with Lori Greiner for $100,000 in exchange for 45% of the company, lowering the value to about $222,000. The episode was aired in January 15 2016. The company was eventually acquired by Thrasio in 2022. As a result, using acquisition status, the current net worth of Beard King is estimated to be around $0 (its independent value) in 2025.
The company saw significant success after appearing on the show. Although the deal with Lori Greiner didn’t close, the business continued to thrive. Their Shark Tank exposure brought a lot of attention to their product, boosting sales and brand recognition.
In 2019, Beard King was sold to a new owner. The Beard King bib is still available for purchase and remains a popular product among customers who value convenience and cleanliness. As of today, the company’s annual revenue is estimated to be around $1 million. The product is available online at Walmart and other retailers, ensuring customers can still enjoy this innovative solution.
Yes, Nicholas and Alessia made a deal with Lori Greiner on Shark Tank. They asked for $100,000 in exchange for 20% equity in their company. Lori initially wanted 51% equity because she saw the investment as risky. After some negotiation, the entrepreneurs and Lori agreed on $100,000 for 45% equity.
| Shark(s) name | Offer & Demand | Counteroffer | Accepted? |
| Chris Sacca | Out | N/A | N/A |
| Lori Greiner | $100,000 for 51% equity | $100,000 for 45% equity | Yes |
| Kevin O’Leary | Out | N/A | N/A |
| Robert Herjavec | Out | N/A | N/A |
| Mark Cuban | Out | N/A | N/A |
Beard King Shark Tank pitch
Nicholas and Alessia Galekovic were just like any other couple dealing with everyday challenges. Alessia often found herself cleaning up after Nicholas shaved his beard. She realized there had to be an easier way to manage the mess. This frustration led them to invent the Beard King bib.
The journey wasn’t easy. In the early stages, they struggled with product development and manufacturing. They worked hard to make the bib functional, durable, and easy to use. The couple also faced financial challenges, which is why they turned to Shark Tank for help. Their determination and teamwork helped them create a product that solved a common problem for many households.
When Nicholas and Alessia walked into the Shark Tank, they were confident and ready to present their product. They introduced the Beard King bib as the ultimate solution for beard trimmings. They demonstrated how the bib attaches to a mirror and catches every hair, leaving no mess behind.
They explained their business model, highlighting that the bib costs $7 to produce and sells for $29. At the time of filming, they had made $80,000 in sales, thanks to a viral video that brought attention to their product. The couple shared that they needed the Sharks’ investment to scale up production and meet growing demand.
The couple proposed $100,000 for 20% equity in their company. Keep reading our Beard King update to see what happens next!
During the pitch, the Sharks had several questions about the Beard King bib. Each Shark’s query revealed different concerns and interests:
Robert Herjavec asked about the company’s sales and why they needed an investor if the product was already successful. Nicholas and Alessia explained that they needed funding to scale up production and meet wholesale demand.
Mark Cuban inquired about future product plans. He wanted to know if they had other ideas to expand the brand. The couple admitted that the Beard King bib was their main focus at the time.
Kevin O’Leary questioned whether the product could sustain a business or if it was just a one-hit wonder. He referred to it as a “beard diaper,” which he found amusing but not promising as a business.
Chris Sacca said he didn’t see how he could add value to their business. He felt the product was too niche for his expertise.
Each Shark had a unique reaction to the Beard King bib:
Lori Greiner understood the product’s potential and saw it as a solution that many women would appreciate. She offered $100,000 but wanted 51% equity because of the risks involved. After negotiating, they agreed on 45% equity.
Robert Herjavec thought that entrepreneurs could bootstrap the business without an investor. He didn’t feel the need to invest and dropped out.
Mark Cuban was not impressed by the lack of additional products. He believed the company needed a broader range of offerings to be successful and went out.
Kevin O’Leary didn’t think the product was strong enough to build an entire business. He humorously referred to it as a “beard diaper” and passed.
Chris Sacca didn’t see how he could contribute to the business and decided not to invest.
Product Availability
From our Beard King update research, the Beard King bib is still available for purchase. The product is sold online at major retailers like Walmart. Customers can also find it on the company’s website and other online platforms.
The Beard King bib is designed to be easy to use and effective. It attaches to any mirror using suction cups and catches all the trimmings while you shave. This makes cleaning up fast and hassle-free. The bib remains a popular choice for people looking to save time and keep their bathrooms clean.
The product is priced at $29, making it affordable for most customers. Its availability online ensures that people worldwide can enjoy this innovative solution.
Conclusion
The Beard King bib started as a simple idea to solve a common problem. Nicholas and Alessia turned their frustration into a product that has helped many households keep their sinks clean. Their journey on Shark Tank brought them exposure and increased sales, even though the deal with Lori Greiner didn’t close.
The company continues to thrive, with the Beard King bib available online and in stores. Its success proves that even the simplest ideas can make a big impact when executed well. Stay tuned for more updates about Beard King and its future growth!
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.
