Hand Out Gloves is a business that produces distinctive gloves for outdoor pursuits. These gloves were created by Jake Sullivan and Don Wildman. The gloves feature zippers that enable users to liberate their hands without taking off the gloves. This allows individuals to remain warm while engaging in activities such as using a phone. Jake and Don presented their product on Shark Tank.
They asked for $150,000 in exchange for 20% ownership of their company. They demonstrated the functionality of their gloves and outlined their strategies. Will the entrepreneur get a deal on Shark Tank? Check out the Hand-Out Gloves update to find out!
Hand Out Gloves Net Worth Shark Tank Update 2025
Jake Sullivan and Don Wildman asked for a $150k investment in exchange for 20% equity in their company. This meant they valued their company at $750,000. They made a deal with Barbara for a $300k line of credit in exchange for 25% equity in their company. This new deal valued their company at $1.2 million. After the show aired, Hand Out Gloves 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 Hand Out Gloves is about $1.93 million.
Following Shark Tank, Hand Out Gloves experienced a degree of success. The agreement with Barbara Corcoran collapsed because of conflicts. Nonetheless, the company proceeded onward. New gloves were launched specifically for hunters and construction laborers. The loss of co-founder Don Wildman in 2018 was significant. Yet the company persisted in expanding.
By the year 2024 Hand Out Gloves generated approximately $1 million in annual revenue. They encountered difficulties during COVID-19 yet continued to enhance their products. They offer gloves for sale on their website and in local shops. They continue to operate as a business today.
Yes Hand Out Gloves got a deal on Shark Tank. Jake and Don pitched their product for $150,000 in exchange for 20% equity. Barbara Corcoran offered a $300,000 line of credit for 25% equity. Jake accepted her offer. However, the deal was not finalized later. Even without the deal the company grew and expanded its product range. The exposure from Shark Tank helped them reach more customers.
| Shark(s) Name | Offer & Demand | Counter Offer | Accepted? |
| Barbara Corcoran | $300,000 for 25% equity | N/A | Yes |
| Lori Greiner | Out | N/A | N/A |
| Kevin O’Leary | Out | N/A | N/A |
| Mark Cuban | Out | N/A | N/A |
| Robert Herjavec | Out | N/A | N/A |
Hand Out Gloves Shark Tank pitch
Jake Sullivan and Don Wildman launched Hand Out Gloves with a specific mission. They observed a shared issue with gloves. Individuals needed to remove them to utilize their hands. This made their hands feel chilly and uneasy.
Jake aimed to resolve this problem. He invented gloves that feature zippers. These zippers allow users to have their hands free while wearing the gloves. Don Wildman became part of the team at a later time. He had faith in Jake’s vision and desired to assist.
Launching the business was a challenging task. Initially, their sales were low. In their first year, they sold just $15,000 in gloves. They conducted sales in the local area of Salt Lake City. They needed to persuade individuals that their gloves surpassed ordinary ones. Jake put in a lot of effort to enhance the design. They also encountered difficulties with manufacturing expenses.
Finding the appropriate materials to create long-lasting gloves took time. Don utilized his business expertise to steer the company. United, they surmounted numerous challenges to present Hand Out Gloves on Shark Tank.
Jake Sullivan and Don Wildman confidently showcased their gloves on Shark Tank. They began by describing the issue that their gloves addressed. Standard gloves restrict the mobility of the hands. Their gloves allow users to free their hands without removing them. Don explained the functionality of the zippers and showcased the distinctive attributes of the glove.
To capture interest they featured a performer who donned gloves while twirling blazing disks. This innovative presentation amazed the Sharks. Don and Jake provided samples of the gloves to the Sharks as well. They stated that the gloves were long-lasting and featured a patented design. Don made a joke about his age and infused humor into the presentation. He also recounted his prosperous history in business. This assisted in establishing credibility.
Jake and Don requested $150,000 in return for a 20% stake. They clarified their sales figures and strategies for expansion. Sharks inquired extensively about costs and manufacturing. Jake replied with assurance and demonstrated his understanding of the market. They concluded the presentation with excitement and optimism for an agreement.
The Sharks had numerous inquiries regarding Hand Out Gloves. They were curious about what made the gloves unique. Jake clarified that the gloves come with zippers. These zippers enable complete hand mobility. The gloves are both water-resistant and long-lasting. The Sharks inquired about the patent. Jake verified that they possessed a utility patent. This provided them an edge over their rivals.
The Sharks inquired about sales. Jake mentioned that their sales in the first year totaled $15,000. Sales increased to $125,000 in the second year. He stated that REI and Amazon contributed to boosting sales. Sharks were interested in pricing. Jake stated that the production cost of lightweight gloves is $11. These gloves were priced at $40.
The production cost of the heavy gloves was $32 while their selling price was $120. Sharks remarked on the elevated production expenses. Jake mentioned that the quality of the gloves justified their cost.
Robert inquired about internet sales. Jake mentioned that they offered gloves for sale on Amazon and their own website. Mark was interested in learning about customer opinions. Jake mentioned that customers appreciated the flexibility and warmth of the gloves. The Sharks commended the gloves while also noting difficulties. They talked about the difficulty of competing in the outdoor equipment market. Jake paid close attention and responded to each question.
The Sharks provided varied reactions to Hand Out Gloves. Robert appreciated the gloves but chose not to spend money. He claimed he was unable to contribute to the company. Mark was also excited. He clarified that he had no ties in the outdoor market. Lori stated that the market was overly competitive and decided against investing. Kevin mentioned that the product wasn’t suitable for his portfolio.
Barbara exhibited the highest level of interest. She appreciated the gloves and recognized their potential as a product. She proposed $150,000 for a 12.5% stake. She sought another Shark to partner with her to reach $300,000. When nobody participated, Barbara presented a different proposal. She suggested a $300,000 credit line in exchange for 25% equity. Jake agreed to the agreement.
The Sharks commended the product’s quality but pointed out difficulties. They stated that high production expenses and competition posed significant challenges. Barbara’s proposal provided optimism for the company’s future. Jake and Don exited the Tank filled with enthusiasm and a deal.
What Went Wrong With Hand Out Gloves On Shark Tank?
Hand Out Gloves encountered difficulties even after securing a contract. The Sharks highlighted concerns such as elevated expenses and industry rivalry. Barbara’s arrangement did not come to fruition. Conflicts regarding management led to the collapse of the agreement. This represented a drawback for the business. The Sharks also remarked that the outdoor equipment market is challenging.
It’s tough to compete against major brands. Hand Out Gloves are needed to demonstrate their value to clients. In spite of these obstacles, the company continued to progress. They enhanced their product selection and broadened their market. Failing to secure the agreement was difficult yet it did not deter them.
Product Availability
You can find Hand Out Gloves on their website. They are available in small shops and ski stores as well. The gloves are available in various kinds. Thin gloves are suitable for regular wear. Bulky gloves are intended for severe conditions. They also provide gloves for construction workers and hunters. The gloves feature a patented zipper design and are waterproof. This causes them to be distinctive compared to ordinary gloves.
They are robust and constructed from premium materials. The cost is greater than standard gloves. Lightweight gloves are priced at approximately $40. Thick gloves may be priced as high as $120. Customers have the option to purchase them online or at specific retail outlets.
The site offers comprehensive details regarding every glove. Clients can select the gloves that fit their requirements. The company prioritizes innovation and quality. They persist in creating new products to satisfy customer requirements.
Conclusion
Hand Out Gloves showed the power of innovation in Shark Tank. The gloves solved a common problem for outdoor enthusiasts. Jake and Don’s pitch impressed the Sharks. They left with a deal from Barbara Corcoran. Although the deal did not finalize the company kept growing. They introduced new products and expanded their market. Hand Out Gloves is still active in 2024. They continue to serve customers with unique and high-quality gloves.
Hey there, I’m Fatima Muhammad, an International Relations student, with a focus on the strategic dynamics of global relations, One of my favorite shows is Shark Tank. I love it because it showcases the creativity, determination, and strategic thinking of entrepreneurs, which I find inspiring. The show also teaches valuable lessons about innovation, business dynamics, and the importance of perseverance in the face of challenges. Read more About me.
