Richualist Shark Tank Update (Season 15)

Richualist Company founder Dawn Myers asked the Sharks for $150k for 10% equity after appearing on Shark Tank. This company has created a hair tool for black women called The Mint.

Myers is an entrepreneur. In January 2018, she started a company called The Most which sells curly hair care products. She was looking for a natural way to take care of her hair but the process takes time. To solve this problem he created The Mint Hair Care Tool.

What Is Richualist?

Richualist is a hair care company that created The Mint hair tool for black women. This tool helps in easily applying curl cream to the hair and it is also very easy to use. In this, you can heat any curl cream and apply it to the hair. The price of this product is $298 and you can buy it from the company’s website.

Company NameRichualist
FounderDawn Myers
Founded2022
ProductThe Mint Hair Care Tool
Asked For$150k for 10% equity
Final Deal$150k for 15% equity + 5% advisory share
SharkEmma Grede Shark Tank Profile Emma GredeMark Cuban Shark Tank Profile Mark Cuban
Episode (Shark Tank USA)S15 E19
Air DateApril 5th, 2024
Business StatusIn Business
WebsiteVisit Website
HeadquartersWashington, District of Columbia, USA
Lifetime Worth (Sales)$0.4M *estimated
Buy and WatchBuy NowAmazon Prime

Hair Dryer Hot Air Brush

  • 30k People Have Bought It
  • 4.6 Star Rating
  • Easy to use

Another Shark Tank Pitch

Who Is The Founder Of Richualist?

Image via ABC Shark Tank

Dawn Myers, Founder and CEO of Richualist Company. She is also a cancer survivor. Apart from this, she is a part-time lecturer at Carnegie Mellon University.

How Was The Shark Tank Pitch Of Richualist?

Myers reveals her Crazy Curly Haircare tool after asking Sharks for $150k for 10%. All the Sharks were shocked when she told them that she was now selling this product for $400. per unit manufacturing cost is $120.

She plans to make a product from China which will cost $60, that is why she has come to this show. Robert Herjavec said this business is not his area so he is out. Lori Griner said she was concerned about conflicts of interest and that is why she declined to invest in the business.

Emma Grade was very interested in this curly hair care device product but declined to invest because the product was still in the early stages.

Emma Grede and Mark Cuban teamed up to offer $150k for 20% equity, but Myers didn’t seem excited about the offer. So she countered $150k for 15% equity, although Mark said no, but they would take an additional 5% advisory share along with the 15% equity.

She agreed to this offer.

Sharks Offers list!

SharksOffers
Robert Herjavec Robert HerjavecNo Offer
Kevin O'Leary Shark Tank Profile Kevin O’LearyNo Offer
Mark Cuban Shark Tank Profile Mark Cuban$150k for 10% equity (#1) (Emma)
$150k for 7.5% equity + 2.5% advisory share (#2) (Emma)
Emma Grede Shark Tank Profile Emma Grede$150k for 10% equity (#1) (Mark)
$150k for 7.5% equity + 2.5% advisory share (#2) (Mark)
Lori Greiner Profile for Shark Tank Lori GreinerNo Offer
Founder’s (Countered)$150k for 15% equity (#1) to (Emma & Mark)
Final Deals$150k for 15% equity + 5% advisory share

What Happened To Richualist After Shark Tank?

This company has got the deal of Shark Tank. We have not been able to get much valuable information yet. Soon we will write a progress report after Shark Tank.

Richualist Shark Tank Update

Myers told the Sharks about her cancer recovery story and business on Shark Tank. Her story is inspired. She needs sharks to expand the business and increase product sales. We are currently following this company and its founder for more information.

What Is Richualist’s Net Worth?

Richualist’s net worth is estimated at $0.3 million. Every year between 35k and 45k companies apply for Shark Tank but only 120 can pitch. Out of 120 companies, only a few get funding and even few of these become successful.

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
2023 *estimated
2022 *estimated

Funding Reports to Date!

YearsFunding AmountInvestor
2023$150kMark Cuban
Emma Grede

Myers was very excited to go on Shark Tank, she said on her LinkedIn profile. For this business, she needs a very good partner who can help in marketing.

The official address of this company is Washington, District of Columbia, United States.

Yes, Richualist is still in business as of April 2024.