Hood Hats Shark Tank Update (Season 15)

Hood Hats is an apparel company that sells customized hats, founded by Max Nelson in April 2018. The company’s website features different styles of printed hats that represent hometown pride.

Image via dgepress

Nelson appeared on Season 15 Episode 21 and asked the Sharks for $500k for 5% equity at a $10 Million Valuation. Did this company secure a deal on Shark Tank, or did Nelson walk away without investing? Read further to find out.

Company NameHood Hats
Founder/Co-FounderMax Nelson
FoundedApril 2018
ProductCustomize Home Town Pride Hats
Asked For$500k for 5% equity
Final DealNo Deals
SharkNo Sharks
Episode (Shark Tank USA)S15 E21
Air DateApril 19, 2024
Business StatusIn Business
WebsiteVisit Website
HeadquartersLos Angeles, California, USA
Lifetime Worth (Sales)$1.9M *estimated
Buy and WatchBuy NowAmazon Prime

Another Shark Tank Pitch

The founder and CEO of this hat company is Max Nelson, a resident of Los Angeles, California. Nelson presents his brand as a luxury headwear company.

How Was The Shark Tank Pitch Of Hood Hats?

When Nelson asked the Sharks for a $500k investment for 5% equity, the Sharks were shocked. Lifetime sales since 2018 are $1.9 million. 2018 sales $18,000, 2019 sales $23,000, 2020 sales $364,000, 2021 sales $508,000, 2022 sales $693,000 and 2023 sales $1 million.

This business has not yet become profitable. The manufacturing cost of the hats is $14 and the retail price is $90.

Mark Cuban told Nelson he was out because of the over-asking price.

Last year he took a convertible note for $150k for 2% equity at a $7.5 million valuation. Based on that, the company’s current valuation is. Kevin O’Leary said this business doesn’t even come close to being worth $10 million, so he is out.

Michael Rubin feels this business is no different from any other hat business and the valuation doesn’t match reality, so he’s out.

Lori Greiner said she doesn’t think it’s an investable business, so she’s out. Barbara Corcoran also refused to invest in this business.

Sharks Offers list!

Michael Rubin Michael RubinNo Offer
Kevin O'Leary Shark Tank Profile Kevin O’LearyNo Offer
Mark Cuban Shark Tank Profile Mark CubanNo Offer
Barbara Corcoran Barbara CorcoranNo Offer
Lori Greiner Profile for Shark Tank Lori GreinerNo Offer
Founder’s (Countered)No Counters
Final DealsNo Deals

Hood Hats Shark Tank Update

After visiting the official website of this company, we found out that currently most of the hats are priced at $70 and some are out of stock.

The website’s design is unique and user-friendly, and he does social media marketing for sales. If you want to buy hats then you can get a discount by using a coupon code.

What Is Hood Hats’s Net Worth?

The company currently has liabilities of $150,000 and zero profit, so it is not possible to estimate and calculate net worth. We are monitoring this company right now to bring the information to you.

Annual Revenue by Years

Note: This report is based on our research and data so far. In this, we are only estimating the annual revenue.

YearsAnnual Revenue
2024 *estimated
20231M *estimated

Funding Reports to Date!

YearsFunding AmountInvestor
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