Cashmere Hair, Clip-in hair extensions, was started by Rachel Barone, and Melissa Bernstein. On December 13, 2013, they appeared on Season 5 of Shark Tank USA seeking $45,000 in exchange for 15% equity valuing the company at $300,000.
However, the Sharks were not interested in investing in Cashmere Hair. Sharts stated its too early to invest and went out, so founders had to walk empty-handed.
Despite not winning a deal, Cashmere Hair still runs the business providing award-winning clip-in hair extensions. As of 2025, Cashmere Hair’s net worth is $5 million and they’re pulling in a whopping $5 million in annual revenue.
Cashmere Hair Net Worth
| Net worth | $5 million (2025) |
| Annual Sales Revenue | $5 million (2025) |
| Lifetime sales | Not Available |
| Investor | Not available |
| Founders | Rachel Barone, Melissa Bernstein |
| Employees | 25 to 100 |
Cashmere Hair Pitch on Shark Tank
| Product | Clip-in hair extensions |
| Episode | Season 5 Episode 12 |
| Founders | Rachel Barone, Melissa Bernstein |
| Asked for | $45,000 in exchange for 15% equity |
| Company name | Cashmere Hair |
| Final deal | No deal |
| Sharks | None |
| Location | San Marcos, California |
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Cashmere Hair Founders
Rachel Barone and Melissa Bernstein founded Cashmere Hair in 2013. Melissa was a Beverly Hills hairstylist. Rachel was a model in Los Angeles. Cashmere Hair’s founders, Rachel Barone, and Melissa Bernstein have an approximate net worth of $5 million as of 2025.
Key accomplishments
| Year | Accomplishment |
| 2023 | Cashmere Hair provides high-quality clip-in extensions made from 100%. |
| 2013 | Cashmere Hair appeared on Shark Tank. |
Conclusion
From their beginnings on Shark Tank to their current status as a thriving business, they have proven that with the right idea and execution, anything is possible. We can’t wait to see the future for Cordaroy’s and its continued success.