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.
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 Name | Hood Hats | |
| Founder/Co-Founder | Max Nelson | |
| Founded | April 2018 | |
| Product | Customize Home Town Pride Hats | |
| Asked For | $500k for 5% equity | |
| Final Deal | No Deals | |
| Shark | No Sharks | |
| Episode (Shark Tank USA) | S15 E21 | |
| Air Date | April 19, 2024 | |
| Business Status | In Business | |
| Website | Visit Website | |
| Headquarters | Los Angeles, California, USA | |
| Lifetime Worth (Sales) | $1.9M *estimated | |
| Buy and Watch | Buy Now | Amazon 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!
| Sharks | Offers |
|---|---|
 Michael Rubin | No Offer |
 Kevin O’Leary | No Offer |
 Mark Cuban | No Offer |
 Barbara Corcoran | No Offer |
 Lori Greiner | No Offer |
| Founder’s (Countered) | No Counters |
| Final Deals | No 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.
| Years | Annual Revenue |
| 2024 | *estimated |
| 2023 | 1M *estimated |
| 2022 | $693k |
| 2021 | $508k |
| 2020 | $364k |
| 2019 | $23k |
| 2018 | $18k |
Funding Reports to Date!
| Years | Funding Amount | Investor |
| N/A | N/A | N/A |
