Cut Buddy, a Hair-cutting tool for at-home use, was started by Joshua Esnard in January 2015. As of September 2023, Cut Buddy’s net worth is $1.6 Million. And they’re pulling in a whopping $1.2 Million in annual revenue.
On November 2017, they appeared on Season 9 of Shark Tank USA and made a deal with Daymond John, for $300,000 for 20% equity. The final valuation was $1.5 Million, down from the founder’s initial estimate of $3 Million.
Cut Buddy’s Net Worth
|Net worth||$1.5 Million|
|Annual Sales Revenue||$1.2 Million|
|Lifetime Sales||10,000 units|
|Shark Tank Investor||Daymond John|
Cut Buddy Net Worth Timeline
|Net Worth 2023||$1.5 Million|
|Net Worth 2022||$1.5 Million|
|Net Worth 2021||$1.5 Million|
|Net Worth 2020||$1.5 Million|
|Net worth valuation in 2017 after appearing on Shark Tank||$1.5 Million|
|Net worth valuation 2017 before appearing on Shark Tank||$3 Million|
Cut Buddy Pitch on Shark Tank
|Company name||Cut Buddy|
|Product||Hair-cutting tool for at-home use|
|Episode||Season 09 Episode 11|
|Asked for||$300,000 for 10% equity|
|Final deal||$300,000 for 20% equity|
|Location||Carolina, United States|
Cut Buddy Founder
Cut Buddy was founded by Joshua Esnard in 2015. He came up with the idea for the Cut Buddy when he was just 13 years old. He was born in St. Lucia and immigrated to the United States with his family. Cut Buddy’s founder, Joshua Esnard, has a net worth of USD 1.5 Million as of 2023.
|2023||The Cut Buddy has sold around 100,000 units|
|2018||The Cut Buddy was named one of the “Best New Products of 2018” by Esquire magazine.|
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 Cut Buddy and its continued success.