BeardHead

beardheadDavid Stankunas pitches BeardHead,  his successful “bearded headwear brand,” in the Shark Tank Holiday special, episode 712. Like most good ideas, BeardHead was born out of the need to solve a problem: David's face got cold while snowboarding. To warm up his face, he decided to attach a knitted beard to a ski cap. The first prototypes were made out of yarn, but the brand has extended to faux hair, hand warmers, tee shirts and socks.

There are many styles in BeardHead's collection, including team themed colors, a Duck Dynasty line, crazy characters like vikings, knights and even Santa! The beards can detach from the hat for those warmer days, too.

Stankunas has a background in product design and corporate experience in the apparel industry, so he knew how to go about starting a hat company. He began the business in 2006 in his apartment, knitting the hats himself. Since then, BeardHeads are sold worldwide in several thousand retail locations and on the BeardHead Website. The hats range in price from $12.99 up to $39.99.

Mr Stankunas is likely looking for a Shark to help him grow even bigger.

BeardHead Shark Tank Recap

David enters seeking $250K for 25% of BeardHead, “the next essential winter accessory.  He says “it's cold out there, people; how do you keep your face warm?” Beardhead has over 200 designs, some of which are on display onstage. The Sharks appear amused.

Before he goes further he says, “I have an important question I mustache: who wants to help me take BeardHead to the next level?” Robert loves the products, but he's seen it before. David says competitors have copied him. To date, David sold a little over $5 million in product with 25%-35% net margins. Last year sales were down to $900K (from $1.3 million the year before) because the company was involved in a patent infringement lawsuit brought by a competitor.

Robert is interested, but wants to see consistent, growing profits. David says he's at a point where he can scale and grow, particularly through licensing. Barbara says she doesn't get the product, She's out. Mark wants to see an angle where it can get to $10-$20 million in sales; he doesn't see it, so he's out. Lori thinks the product is cute and faddish, but she's out – though she says she'll be watching his progress. Kevin sees the vision for licensing, but he's not excited about it, so he's out too.

Kevin says “then there was one Shark involved in drunk elf sweaters left.” Robert doesn't like the flat line in sales, he wonders if David isn't running fast enough. David says he can do the same thing as Tipsy Elves, but Robert doesn't see it; he's out. In the hall, David says he thinks the Sharks were too focused on the one down year.

RESULT: NO DEAL

BeardHead Shark Tank Update

The Shark Tank Blog constantly provides updates and follow-ups about entrepreneurs who have appeared on the Shark Tank TV show. Once an episode has aired, we monitor the progress of the businesses featured, whether they receive funding or not and report on their progress. The Shark Tank Blog will follow-up on Beard Head and David Stankunas as more details become available.

Posts About BeardHead on Shark Tank Blog

Hats With Beards

Tipsy Elves vs. The Beard Head

BeardHead Company Information

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