Bowties are a classic fashion accessory, but let’s be honest, most of them look the same. People who want to make a statement with their style often struggle to find unique options that stand out. This is exactly the gap Adam Teague and Tim Paslay noticed, and they decided to fill it with something extraordinary.
Enter The Two Guys Bowtie Company, a brand that creates bowties made entirely from exotic woods. Yes, wooden bowties! Adam and Tim’s creativity didn’t stop there. They also introduced customizable wooden hats, pocket squares, and lapel pins. The company made its mark by offering something stylish yet different.
They brought their idea to Shark Tank in Season 7, asking for $150,000 for 10% equity. Their pitch was all about standing out in the fashion world, and their presentation caught the sharks’ attention. Did the entrepreneur get a deal on Shark Tank? Check out our The Two Guys Bowtie company update to find out!
The Two Guys Bowtie Company Net Worth Shark Tank Update 2025
Adam Teague and Tim Paslay asked for a $150k investment in exchange for 10% equity in their company. This meant they valued their company at $1.5 million. They made a deal with Daymond John for $150k in exchange for 17.5% of their company, plus a 10% royalty until Daymond gets his investment back. This new deal valued their company at $857,143. After the show aired, The Two Guys Bowtie Company 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 The Two Guys Bowtie Company is about $3.5 million.
After securing a deal with Daymond John, The Two Guys Bowtie Company grew significantly. Daymond’s expertise in the fashion industry helped them expand their product line and boost their sales. As of today, the company is still thriving and has achieved impressive success. They now make about $3.5 million annually, a huge leap from the $407,000 in sales they had before appearing on the show.
Their product line has also grown. In addition to wooden bowties, they now offer fabric ties and stylish wood-brimmed fedoras. These products cater to people who love fashion and want to make a bold statement. Customers can explore their offerings on the company’s official website, where all their products are available.
Yes, Adam and Tim got a deal with Daymond John! After some negotiation, they accepted his offer of $150,000 for 17.5% equity, along with a 10% royalty until Daymond recouped his investment. The sharks were impressed by the unique concept and the strong sales numbers, making it a winning pitch.
| Shark(s) name | Offer & Demand | Counteroffer | Accepted? |
| Troy Carter amd Daymond John | 1# $150,000 for 30% equity 2# $150k for 20% equity + a royalty of 10% until $150k is repaid | $150k for 20% equity + a royalty of 5% until $150k is repaid | No |
| Lori Greiner | Out | N/A | N/A |
| Kevin O’Leary | $150,000 for 15% equity $150k for 10% equity + a royalty of 7.5% until $150k is repaid | N/A | No |
| Daymond John | 1# $150,000 for 20% equity 2# $150k for 20% equity + a royalty of 10% until $150k is repaid | $150k for 17.5% equity + a royalty of 10% until $150k is repaid | Yes |
| Mark Cuban | Out | N/A | N/A |
The Two Guys Bowtie company Shark Tank pitch
Adam Teague and Tim Paslay are the creative minds behind The Two Guys Bowtie Company. Both were passionate about fashion and woodworking. They wanted to combine their love for these two things to create a product that was entirely unique. The idea for wooden bowties came from their desire to give people a way to express their personality while staying classy.
In the beginning, they faced several challenges. Handmade products take time to produce, and they needed to ensure the quality was top-notch. Scaling their business while maintaining craftsmanship was another hurdle. But their determination and creativity helped them overcome these obstacles and turn their vision into reality.
During their pitch, Adam and Tim showcased their stunning products, including wooden bowties, hats, and pocket squares. They explained how each item could be customized with engravings, making it personal and unique. For instance, Lori Greiner received a bowtie with the Chicago skyline engraved on it, and Daymond John wore a black fedora with a wooden brim.
They shared impressive stats as well. Their bowties cost $7.50 to make but could sell for $45 to $100. In the previous year, they made $407,000 in sales and could produce 1,000 ties per month. Their pitch highlighted the uniqueness of their brand and their ability to compete in the handmade fashion market.
Troy Carter: “Why wooden bowties? What makes them different?” Adam explained that the unique material sets them apart from competitors, allowing people to make a bold fashion statement.
Kevin O’Leary: “How would this fit into the wedding market?” Kevin suggested incorporating the product into his wedding platform, but Adam and Tim wanted a broader market appeal.
Daymond John: “How scalable is this business?” They assured Daymond they could handle production efficiently without sacrificing quality.
Daymond John: Loved the concept and saw its potential in the fashion industry. He offered $150,000 for 20% equity, later settling on 17.5% equity with a 10% royalty.
Kevin O’Leary: Wanted to focus on the wedding niche but didn’t seal the deal.
Mark Cuban: Opted out as fashion wasn’t his area of expertise.
Lori Greiner: Praised the product but felt she couldn’t add as much value as Daymond.
Troy Carter: Liked the idea but didn’t think he could contribute much.
Product Availability
All products are available on their official website. Prices range from $45 to $100, depending on customization and design. Their products cater to individuals who want to add a creative, classy touch to their wardrobe.
Conclusion
The journey of The Two Guys Bowtie Company on Shark Tank is a perfect example of turning a unique idea into a thriving business. Adam and Tim impressed the sharks with their creativity and dedication, eventually partnering with Daymond John. Since then, their business has flourished, introducing new products and earning millions in revenue.
The company’s future looks bright, with plenty of room for growth and innovation. If you’re looking for fashion accessories that are stylish and one-of-a-kind, The Two Guys Bowtie Company is worth checking out. Stay tuned for more updates on their journey!
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.
