The Style Club Shark Tank Tale

Shark Tank Pitch Recap

In Season 8 Episode 7, Hilary Novelle appeared on Shark Tank seeking $500,000 for 20% of her female empowerment clothing line, The Style Club.

Here’s a quick recap before we dive into the Style Club Shark Tank update.

• : “You’ve got one big bet with Urban Outfitters. It’s too risky.”
  Out
• : “Incredibly impressive sales in a very short amount of time.”
  
• : Hilary is asking for too much on a baby business and there is no room for a partner at this stage.
  Out
• : She doesn’t see this as an investor for her right now, but she’d be a customer.
  Out
• : “You have to change your entire strategy.” He wishes there was more data.
  Out
• : He likes what she’s doing.
  Offer: $500K for 33.3%
• : He has experience in this category through Red Dress Boutique and he can help Hilary with the tech and financing for inventory.
  Offer: $500K as a line of credit at 8% for 22% equity.