Charisse and Vicky appeared on Shark Tank Season 14, Episode 20 to present their unique product. They have a clothing business designed for neutral genders. They asked for an investment of $250,000 in exchange for 5% equity in their company.
The couple began with a simple but powerful idea. They belong to the LGBTQ Their clothes are designed in a stylish but gender-neutral fashion. The owners acknowledged a gap in the clothing market that goes beyond traditional gender norms. Charisse and Vicky were dedicated, creative, and passionate when they launched Dapper Boi. Did the entrepreneur get a deal on Shark Tank? Check out our Dapper Boi update to find out!
Dapper Boi Net Worth Shark Tank Update 2025
Charisse and Vicky asked for a $250k investment in exchange for 5% equity in their company. They valued their company at $5 million at the time of the show. Unfortunately, they couldn’t secure a deal. When the episode aired, Dapper Boi got a good boost in website traffic, sales, and social media exposure. As per my rough estimate, with a 10% growth rate (typical business growth) over the years, the current net worth of Dapper Boi is around $8.05 million.
Dapper Boi is still in business and making great sales. Despite not getting any deals on Shark Tank, they got a boost in exposure. They have increased their website traffic and sales. There was a time when they had approximately $450k in debt. But they worked hard and managed to save their business, and today, they are an inspiration for new entrepreneurs in their community.
No, Dapper Boi did not get a deal. The sharks felt that the amount of work and investment needed was too much, and they disagreed with the founders’ vision and business model. The sharks were concerned about finances so none of the sharks wanted to invest in their business. Keep reading our Dapper Boi update to see what happens next!
| Shark(s) Name | Offer and Demand |
| Mark Cuban | Out |
| Lori Greiner | Out |
| Kevin O’Leary | Out |
| Barbara Corcoran | Out |
| Damon Dash | Out |
Dapper Boi Shark Tank Pitch
Dapper Boi was founded in 2015 by Vicky and Charisse Pasche. The inspiration behind this brand was Vicky’s personal struggle, which relates to gender identity and body type. As she had a masculine body, Vicky found that traditional clothing for women didn’t suit her style. So, she created a clothing brand named Dapper Boi that would be fit for neutral gender and for those women who have a masculine body.
Vicky and Charisse designed the clothes for individuals who did not comply with traditional gender norms. Their goal was to provide stylish but comfortable clothing options that empowered people to express their identity. As they offered their ranges and sizes, the brand quickly got attention for its unique products, captivating a dedicated following within the LGBTQ+ community and beyond.
In spite of facing challenges, including financial struggles during COVID-19, Pasches was passionate about the business to creating a more inclusive and fashionable landscape. Their journey from personal struggle to entrepreneurial success highlights the diversity in the fashion industry.
The initial pitch was the uniqueness of their brand like inclusive size and fitting, gender-neutral designs, authentic mission, community engagement, and representation in fashion. Shark appreciated what they have done for their community. They asked for $250k in exchange for 5% equity in their company.
Despite unique factors, none of the sharks were impressed by the deal. In the pitch, they highlighted the market gap for neutral gender and inclusive clothing options. Vicky and Charisse mentioned how traditional fashion brands offer limited clothing choices in the fashion industry. They also emphasized sizes, designs, and authentic representation that’s why they highlighted customer loyalty from the LGBTQ+ community and beyond.
Mark Cuban asked about the financial aspects, revenue projections, profit margins, and plans for scaling the company. Vicky and Charisse explained their assumptions and methodologies for generating revenue and profit margins.
Barbara Corcoran was interested in branding and marketing strategies. They had their specific goals and target audience. They showed their social media presence like Facebook and Instagram. Collaborations and paid partnerships were also part of branding and marketing. Vicky and Charisse highlighted the educational content to raise awareness of gender diversity.
Kevin O’Leary focused on cost structure, sales channels, and customer acquisition costs. Vicky and Charisse mentioned bulk purchasing and optimization of the production process to minimize waste. They mentioned advertisement, influencer-paid partnerships, and email marketing.
Lori Greiner was interested in the development process and expansion of the product line. The owners of the brand explained the launching of new products and inclusive and innovative designs that could grab a larger audience. They also mentioned the durability and comfort of their products. They emphasized feedback also.
Daymond John was interested in the inspiration and personal experience behind Dapper Boi. Vicky and Charisse shared their personal journey, mission, values, community impact, and vision for the future.
There are different factors that sharks did not accept the deal. Sharks declined to invest in the company. According to the sharks, the entrepreneurs overvalued their company and the requested investment was not enough to solve the company’s problems and fulfill other matters.
What went wrong with Dapper Boi on Shark Tank?
The primary decision was based on the competition in the market. The sharks were concerned about the brand’s financial performance as it was in crisis during COVID-19. Dapper Boi did not fit any investors’ portfolio as there were different challenges in the business, such as scaling manufacturing and distribution and marketing hurdles.
In the last two years, Dapper Boi lost over $450,000, which was a major concern for sharks. Despite being in debt, Mark Cuban questioned how they suffered with the loss regardless of the high margins. Daymond offered mentorship to the Pasches, although he was hesitant to provide financial backing. Lori and Kevin were not interested in the deal.
The sharks were concerned about finances, market perception, and execution risks like challenges in the business such as manufacturing and distribution. In the span of 7 years, they made $7 million in sales. As they have only one outlet they’re selling their products online too, and for this reason, their high shipping costs were very high.
Product availability
Dapper Boi products are available to purchase online and have a store in San Diego, California. The products that Dapper Boi sells include jackets, sweatshirts, pants, shorts, hats, and socks. For more information, you can visit their official website.
Conclusion
Despite their captivating mission and offer, the Sharks ultimately declined to invest in Dapper Boi, citing several reasons such as concerns about valuation, scalability, and financial performance. However, Dapper Boi got the exposure. Although they faced many challenges Vicky and Charisse continued their mission which provided gender-neutral clothing for everyone.
Hello, I’m Fizza Gulzar. I’m an MBA graduate specialized in Human Resource Management (HRM). I love the exciting Shark Tank business ideas and pitches on the show. My goal is to share stories and lessons to inspire and help other fellow entrepreneurs. Through my writing, I hope to make the business world a little easier to understand and navigate. Read more About me.
