Many people, especially those who shower the night before, wake up in the morning with untidy, uncontrollable hair. This typical battle can make an already stressful morning routine even more frustrating. Attempting to style “bed-head” hair while hurrying to a meeting or place of employment is a time-consuming annoyance.
To get their hair in order, some people may apply different products, splash water on it, or even get back in the shower. Max Valverde developed a hair-reviving hat called Morninghead as a remedy to the issue of unmanageable hair. Max created this product to assist those who, like him, take nighttime showers and wake up with untidy hair.
Max presented Morninghead, a cloth-lined cap, on Shark Tank. He asked for $25,000 for 20% equity in his business. Did the entrepreneur get a deal on Shark Tank? Check out our Morninghead update to find out!
Morninghead Net Worth 2024
Max Valverde sought $25,000 for 20% equity in his company, Morninghead. This indicated he valued Morninghead at $125,000. Despite the show’s exposure, he did not secure a deal with the Sharks. After the show, Morninghead experienced inconsistent performance and was ultimately removed from major retail platforms like Amazon and eBay in 2023. As of now, the product is no longer available, and it is unclear if Morninghead is still operating. Given these factors, the current net worth of Morninghead in 2024 is estimated to be $0.
Morninghead Shark Tank Update
As for a Morninghead update, Max kept working on his concept after being on Shark Tank, but the company’s performance was inconsistent. After the show, there were leadership changes at Morninghead, although the product was still accessible for a while. Max’s wife took over as CEO and co-founder of a startup that sold travel booking software while he continued to run the Morninghead company.
From 2023, the product was not available anywhere. The product was taken down from Amazon and eBay in 2023. respectively. As of today, the product is no longer available.
No, Max didn’t get the deal on the shark tank. Max went to Shark Tank with the goal of getting $25,000 in return for a 20% stake in his business. Even while they thought the idea was entertaining and fascinating, they didn’t think it was a feasible business to fund. Max tried to convince them, but he left the tank without taking any money.
| Shark(s) name | Offer & Demand | Counteroffer | Accepted? |
| Robert Herjavec | Out | N/A | N/A |
| Barbara Corcoran | Out | N/A | N/A |
| Kevin O’Leary | Out | N/A | N/A |
| Daymond John | Out | N/A | N/A |
| Mark Cuban | Out | N/A | N/A |
Morninghead Shark Tank Pitch
A personal annoyance motivated Max Valverde to start Morninghead. Having taken a nighttime shower, he frequently had trouble managing his bedhead when he woke up in the morning. He would take his time trying to fix it by covering his hair in water, but it wasn’t always successful. His battle inspired him to create a straightforward fix that would aid those dealing with a similar issue.
Max had to overcome standard challenges to business in the beginning, such as determining how to make the product cheaply and sell it well. He overcame these obstacles to sell 7,000 hats in the first year, which was a great beginning for his little company.
Max presented Morninghead as an easy-to-use and reasonably priced way to manage bedhead. He clarified that customers wouldn’t need to use styling products or jump in the shower to style their hair again if they simply soaked the inside of the cap and wore it for a short while.
He described the background of the product, pointing out that it cost $1.19 to create and retailed for $8, a price he intended to eventually cut. Max was optimistic about the product’s prospects, having sold $36,000 in 18 months, and was requesting $25,000 in exchange for 20% stock. Keep reading our Morninghead update to see what happens next!
Kevin O’Leary enquired about the market’s size and the likelihood that this product would be liked by a sufficient number of individuals. Max shared his sales figures in an attempt to persuade him, but Kevin didn’t think there was a big enough market.
When Max revealed his sales of 7000 items in over 42 countries, Robert Herjavec, in response, asked about the price. Max told the sharks he sold it for $7.99 and $1.19 cost to make.
Barbara Corcoran asked about the total sales till now. Max replied $36,000 in 18 months.
Daymond wanted to know what Max would do with this money. Max responded he wanted to expand the business and especially lower the expenses of production.
Barbara wanted to know more about Max’s approach to marketing. Max talked about how he was utilizing videos to increase sales. He revealed that he had 165,000 views on their website. He calculated that he sold 34 caps for every 1,000 views.
Kevin O’Leary was the first to say no, stating that he didn’t think there was a big enough market for the product and that he didn’t like it.
Mark Cuban withdrew as well, saying that although he enjoyed the concept, he couldn’t see himself making the commitment.
Barbara Corcoran didn’t think Morninghead was necessary because she believed the market already included easy fixes for bedhead.
Although they thought the product was funny, Daymond John and Robert Herjavec didn’t think it was a business that would be worth investing in.
Finally, none of the Sharks offered the deal, thus Max was left without a deal.
What Went Wrong With Morninghead On Shark Tank?
The main problem was that the Sharks didn’t think Morninghead had a big enough market. Even though Max was somewhat successful in selling the goods online, the Sharks didn’t think it would be widely accepted or scalable. They also believed that Morninghead was less special because there were already so many easy ways to deal with bed head. The Sharks didn’t think there was enough potential to invest, despite Max’s excitement and attempts to sweeten the deal with ideas of subscriptions and purchase orders.
Product Availability
With the Morninghead, customers may quickly arrange their hair in the morning without having to take another shower because of its cotton lining. Users only need to moisten the inside of the cap, put it on for a little while, and then effortlessly style their hair.
From our Morninghead research update, the product was previously sold on eBay and Amazon, but from 2023, it doesn’t appear to be there anymore. Although the product’s website, Morninghead, and social media sites indicate that it might still be available, it’s difficult to determine whether the company has ceased operations or if they’re simply out of stock.
Conclusion
Even though Max Valverde was unable to close a deal, his Shark Tank adventure with Morninghead was an inspirational one. He recognized a widespread issue and developed a product to address it, which found favor with a large number of users. The Sharks weren’t persuaded by its long-term potential, though. Max moved on to other ventures after the event, so it’s unclear what the future holds for the business.
Max will continue to pursue new chances due to his entrepreneurial passion and determination, regardless of whether Morninghead makes a reappearance. It remains to be seen if this bedhead treatment will make a comeback in the marketplace.
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.
