Hand Out Gloves, founded by Jake Sullivan and Don Wildman, appeared on Shark Tank in 2016, securing a deal with Barbara Corcoran for $300,000 and an additional $300,000 line of credit for 25% equity.
The gloves, featuring a unique waterproof zipper that allows users to free their fingers without removing the gloves, gained significant traction after the show.
The company saw rapid growth, expanding into retailers like REI and boosting online sales. As of 2024, Hand Out Gloves remains in business, continuously developing new products for outdoor enthusiasts.
Hand Out Gloves Net Worth
Estimated Net worth | $1 million (2024) |
Annual Sales Revenue | $1 million (2024) |
Lifetime sales | Not publicly available |
Investor | Barbara Corcoran |
Founder | Jake Sullivan and Don Wildman |
Employees | Not publicly available |
Hand Out Gloves Pitch on Shark Tank
Company name | Hand Out Gloves |
Product | Mittens and gloves with strategically-placed waterproof zippers |
Episode | Season 8 Episode 11 |
Founders | Jake Sullivan and Don Wildman |
Asked for | $150,000 for 20% equity |
Final deal | $300,000 for 25% equity |
Shark | Barbara Corcoran |
Location | Sandy, Utah, USA |
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Hand Out Gloves Founders
Hand Out Gloves was founded by Jake Sullivan and Don Wildman in 2013. He’s the founder of Bally’s Total Fitness and is the oldest Ironman triathlete competing today. Jake Sullivan is an avid skier and hiker, and has spent the entirety of his career within the outdoor industry as a result. He is currently the owner & founder of HandOut Gloves and DEATH GRIP GLOVE CO. Hand Out Gloves’s founders, Jake Sullivan and Don Wildman, have a net worth of $5.6 million as of 2024.
Key accomplishments
Year | Accomplishment |
2017 | Appeared on Shark Tank season 8 and Barbara Corcoran invested $300,000 for 25% equity. |
2020 | Hand Out Gloves sees a surge in sales due to the COVID-19 pandemic. |
2022 | Hand Out Gloves celebrates its 10th anniversary and continues to grow rapidly. |
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 Hand Out Gloves and its continued success.