Legacy Shave After Shark Tank made a big splash on Shark Tank season 14 episode 7 with founder Mike Gutow’s inspiring backstory. Mike’s invention is a patented shaving brush attachment that fits on any shaving cream can. He showed the Sharks how it worked by putting several different brands on the table, each with their own brush attached to them.

The product is designed to eliminate razor burns and reduce skin irritation. It also allows users to create a luxurious lather while cutting down on product waste. The company has built up a loyal customer base through its innovative design and commitment to quality. In addition to reducing waste, Legacy Shave has also focused on sustainability in its production process.

The Impact of Shark Tank on Legacy Shave’s Growth and Popularity

While the product has been successful so far, Mike is looking to take it to the next level. He wants to expand his market reach and increase sales by working with a distributor. He is currently seeking an investor to help him achieve his goals.

After hearing Mike’s pitch, the Sharks were split on whether to invest in his business. Mark Cuban and Kevin O’Leary backed out, but Lori Greiner offered to invest. In exchange for $700,000, she got 95% of the company, while Mike retained 5% ownership and a 3% royalty on net sales for life. This structure enabled Mike to receive the capital he needed to boost his business and secure long-term growth.…