Shark Tank Recap
In Season 2 Episode 4 , Mike Abbaticchio and Shon Lees appeared on Shark Tank seeking $50,000 for 25% – a $200,000 valuation for their redneck appreciation brand, Hill Billy Brand.
Here’s a quick recap before we dive into Hill Billy Brand Shark Tank update.
The Negotiations
- : He’s interested in licensning but has no interest in competing in the retail business – the most brutal business on earth.
Out - : Believes licensing is the way to go, but she doesn’t have those contacts.
Out - : He wants 100% of the name, only if they can get Jeff to come in
- : He’s willing to join Robert, but only if Daymond comes in.
- : Joins Robert and Jeff.
Offer: Daymond, Robert and Jeff at $50K for 100% + 7% royalty to Mike and Shon - :
Counter Offer: $100K for 10% + 7% royalty to Mike and Shon - : Joins Robert and Jeff.
Offer: Daymond, Robert and Jeff at $75K for 100% + 7% royalty to Mike and Shon
| Season 2 Episode 4 | |
|---|---|
| Episode Number | |
| Network | |
| Air Date | April 8, 2011 |
| Business Pitch | Clothing for rednecks and truckers |
|---|---|
| Entrepreneur/Founder | Mike Abbaticchio and Shon Lees |
| Asked For | $50,000 for 25% |
| Deal | $75,000 for 100% + 7% royalty on future licensing deals |
| Shark | Daymond John, Robert Herjavec and Jeff Foxworthy |
| Business Status | In Business |
|---|---|
| Estimated Valuation | — |
| Website | www.hillbillybrand.com |
After Shark Tank Update
Where Are They Now?
The HillBilly Brand has grown into a company of stable success since it first began with a few shirts, hats, and a truck for a shop.
Now, with Abbaticchio and Lees still at the helm, its country-style fashion, accessories, iced teas, and lemonade are sold online through the HillBilly Brand site. 1
The HillBilly Brand has also transitioned into making bourbon too but its currently only available for sale in 11 U.S. states. 2
Daymond John and Robert Herjavec and Jeff, right?
Yes! Thanks for the correction!
Bad. Random. Fail. Looks like a wanna be John Deere