Jake Sullivan and Don Wildman are looking for a hand up from a Shark when they pitch HandOut Gloves in Shark Tank episode 812. Sullivan, an avid skier and hiker, founded the company in 2013 to provide folks who love the outdoors in wintertime better gloves and mittens. Wildman is a true WILD MAN. He's the founder of Bally's Total Fitness and is the oldest Ironman triathlete competing today. Whether he has a stake in the business or is along to help with the pitch remains to be seen.
HandOut Gloves are heavily insulated gloves with zippers that allow the wearer to quickly get their hands out without removing their gloves. People who spend a lot of time outdoors in cold weather still need to use their hands. Taking gloves off isn't the best solution because you can drop them and get them wet or lose them all together. Sullivan's design leaves the glove on your hand while freeing your fingers to cool off, dial a phone, or do anything else hands do.
There are three styles of gloves: lightweight, sport, and pro. Depending on the model, they're either leather or polyester outers material with a waterproof liner and water proof zippers for quickly freeing hands. They have straps to hold the removed portion of the glove out of the way. The mittens operate the same way. A pair of HandOut Gloves will set you back $40-$120, depending on the model.
Sullivan currently sells his gloves in ski shops. He has sales reps in every major ski market in the US. He likely wants a Shark's help growing his distribution base. Will a Shark warm up to this deal?
HandOut Gloves Shark Tank Recap
Jake and Don will pitch the panel of five Sharks on the business and its prospects for growth. They’ll need to convince Mark Cuban, Barbara Corcoran, Kevin O’Leary, Lori Grenier, and Robert Herjavec that the company is worthy of a Shark investment. A good business plan, good financials, and sales data will impress the Sharks, but they’ll need to show them THEY are capable of running the company to “Shark standards." A full pitch re-cap on HandOut Gloves will be available on Shark Tank Blog once this episode airs.
HandOut Gloves 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 HandOut Gloves, Jake Sullivan, and Don Wildman as more details become available.
Posts About HandOut Gloves on Shark Tank Blog