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1920 : Shark Tank USA S16 Ep04, a Convertible Fashion Apparel Startup

1920, a Convertible Fashion Apparel Startup, appeared on Shark Tank USA Season 16 Episode 04. The founder aimed to secure investment and partnership from the sharks. Let’s see if they succeeded in getting the support they sought.

By Chahat Sharma
New Update
1920 ST

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.

FAQ

1920 : Shark Tank USA S16 Ep04, a Convertible Fashion Apparel Startup
Ashley Sankar is the founder of 1920.
What is the founding year of 1920?
1920 was founded in 2018.
Did 1920 get investment on Shark Tank USA?
Yes, 1920 got an investment in Shark Tank USA.
Yes, 1920 got an investment in Shark Tank USA.
The headquarters of 1920 is in Phoenix, Arizona.