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HairFin Net Worth Update 2023- what happened after shark tank

“HairFin” is a company that introduced a hair measuring tool that assists in hair cuts. It appeared in Shark Tank season 13, episode 21. The founder, Tony Litwinowicz, entered the show with the hope of $25,000 for 20% equity of his company. But accept the offer from Daymond John of $25,000 for 30% equity in the company. As of 2023, Hairfin is expected to generate approximately $0.7 million in total income. And is successful in business this year. The founder, Tony Litwinowicz, also holds a net worth of $35,000.

But how does Hairfin reach this much net worth after Shark Tank? Let’s find out more.

HairFin Net Worth in 2023

Here is an update on HairFin’s net worth so far.

Net worth$0.7 million (2023)
Annual Sales Revenue$42,000 (2020)
Profits
Lifetime sales
Shark Tank InvestorDaymond John
FounderTony Litwinowicz
Employees

What is HairFin?

Shark Tank fans have experienced many Shark Tank products. Those are not used for everything but useful products for specific occasions. Here’s another valuable Shark Tank product brand named HairFin. 

In the summer of 2020, Tony debuted HairFin. As a kid, he cut his hair with hair clips, but they were only an inch long.

Tony created a tool that fits between fingers and has a curved, fin-like base that easily cuts through the hair to satisfy the demand for longer clips. It enables the hair to be pulled straight for uniform-length haircuts.

Who is the owner of HairFin?

Tony Litwinowicz is the founder and owner of HairFin company. In Shark Tank episode 1320, He asks the Sharks to acquire a part of his HairFin, a tool for measuring haircuts.

Engineer Litwinowicz retired at the age of 34. Tony and his wife, who was also an engineer, decided to live modestly and concentrate on saving money to retire early. After leaving Sikorsky in 2016, Tony founded Stoke Time LLC, a small startup focused on creating cutting-edge consumer products. HairFin’s founder, Tony Litwinowicz, has a net worth of 35,000 USD as of 2023.

What happened at the Shark Tank?

Tony entered the program to seek 25,000 USD for a 20% stake in the company. He describes the operation of conventional clippers. Tony cuts his hair on the spot to demonstrate his product. After the Sharks have reviewed their samples, Tony describes his educational background.

Tony has 12 utility patents on controls for helicopters. He goes on to describe his early retirement plan. He insists that he still cuts his own hair and lives simply.

Tony has sold $42,000 since July 2020. They cost him $2 to make, and he sells them for $14.99. He only conducts direct sales to customers on Amazon. Robert admires what Tony has accomplished, but he is done, and it is too small for him.

Tony responds that he’s an “awkward engineer” who doesn’t understand marketing when Mark asks why he hasn’t sold more. To assist him with marketing, he wants a Shark. Mark declares that it is not for him and leaves, followed by Lori.

Kevin retorts that he doesn’t have to cut his own hair and questions why he would risk his savings to launch this business. He believes it is uninvestable, so he is out.

Daymond brags about Cut Buddy’s success and offers $25,000 for 40%. At that offer, all of the Sharks are confused. In response, Tony offers $25,000 for 28%. Daymond increases to 30%. Daymond exits as the other Sharks boo Tony as he continues to counter. Tony and Daymond shake hands after Tony accepts their $25,000 for 30% deal.

HairFin SHARK TANK UPDATE

According to Anthony Litwinowicz, he wanted to keep his company as close to home as possible. He worked with locals, even selecting Derby, Connecticut-based Empire Tool as his manufacturer. 

Company nameHairFin
ProductA measuring tool for perfect home haircuts
EpisodeSeason 13 Episode 20
Founder  Tony Litwinowicz
Asked for$25,000 for 20% equity
Final deal$25,000 for 30% equity
SharksDaymond John
LocationDerby, USA

What happened to HairFin After the Shark Tank?

The best thing is that salons and professional hairdressers started utilizing the product in their regular operations in addition to the typical consumers. That customer base supports boosting HairFin’s popularity. The HairFin company is still in business. However, there is no evidence to prove the deal with Shark Daymond was done or not. HairFin net worth is around 0.7 Million USD in 2023.

Competitors of HairFin

There are so many competitors to HairFin as a cosmetic product company. Along with that, there are a few alternative tools also for the HairFin haircut tool.

What do you think?

Written by GAG Team

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