Mike Gutow came into Shark Tank to seek a deal for his company, legacy shaves net worth. He and his brother Dave invented a patented brush attachment that fits on any aerosol shaving cream can, which allows you to dispense the cream directly onto your face or body with just a swipe. This brush lathers the cream and stimulates hair follicles for the closest shave possible.

They started the business in honor of their late father who always wanted to see this invention come to life. He died before he could, so his family decided to bring the product to market as a way of honoring his memory. The company has been doing very well. In fact, its net worth is $50 million.

How Legacy Shave Impressed the Sharks: A Deep Dive into Their Pitch

When they entered the Shark Tank, they were hoping for a $300,000 investment in return for 10% of the business. They gave a bombastic presentation that blew the sharks away, and Mark Cuban even cheered, “Best pitch ever!” Barbara Corcoran and Kevin O’Leary both declined, though.

In the end, Lori Greiner was able to strike a deal with Legacy Shave for a $1 million investment in exchange for a lifetime royalty of 3% of gross sales. This is a pretty good deal for a startup, but some fans of the show felt that Lori took advantage of Mike Gutow. However, others were happy that at least he got a deal. The company has a lot of potential, and it will only get bigger as time goes on.