1920 appeared on Shark Tank Season 16, 1920 (nineteentwenty), is a Phoenix, Arizona, USA-based startup that sells convertible fashion apparel. 1920 appeared in Shark Tank USA Season 16 Episode 04. The pitch was presented by founder Ashley Sankar and her COO husband Zach Sankar. They were there to seek $250K in exchange for 10% equity.
What does 1920 do?
1920 creates innovative and multifunctional clothing designed for everyday use. Their pieces can be easily converted into bags which offer both style and practicality. 1920 aims to deliver fashionable yet functional "smart" clothing that meets the needs of today's customers by blending sustainability with modern design. The company offers a seamless combination of convenience and chic.
Company |
1920 |
Founder |
Ashley Sankar |
Founded in |
2018 |
Headquarter |
Phoenix, Arizona |
Industry |
Retail Apparel and Fashion |
Sales |
$505K net (at the time of the pitch) |
Profitability |
No |
Valuation |
$2.5 million |
Shark on Board |
Robert Herjavec |
Asked Investment |
$250K for 10% stakes |
Raised Investment |
$250K for 25% stakes |
Website |
https://www.heynineteentwenty.com/ |
Conclusion
The founder of the startup delivered an impressive pitch on Shark Tank USA, Season 16, Episode 04. The sharks were impressed with the founder’s innovation in the clothing line. Shark Mark was impressed with the product but concerned about the cash flow and profitability of the startup, as it was not making enough money. Shark Kevin offered $250K for 30% equity, but on the condition that the founders commit full-time to the business, as Ashley was continuing her job while working on the business. Daniel appreciated the founders’ spirit but withdrew due to the competitive market. Robert recognized the potential of the startup and offered $250K for 25% equity. The founders were hesitant to give up that much equity but eventually accepted after some negotiation. The founders teamed up with Robert to take the business forward.
Meet the Sharks: The Panel of Judges on Shark Tank USA.
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