Mother/son entrepreneurial team Grace and Manuel Rojas hope to celebrate a deal for Foam Party Hats, their fun and festive hat company, in Shark Tank episode 1204. The original idea came around 13 years ago at Manuel’s older sister’s wedding. Grace made a bunch of funky foam hats for the guests to wear on the dance floor. They were a big hit.
In 2010, the family immigrated to the United States (specifically Houston) due to the grim political situation in their native Venezuela. Grace used her life savings to put Manuel through college at the University of Houston where he studied chemical engineering. All the while, Grace made and sold her hats to friends and family and at some select local events. By the time Manuel graduated, Grace had a website up and was selling hats all over the world. In 2017, Manuel decided he wanted to get involved and they formed Foam Party Hats, LLC.
While they have many stock styles, they’ve worked with many big companies and organizations to produce custom hats for specific events. The biggest challenge for Foam Part Hats has been production. They have strict quality standards and find it hard to get good employees. The company has no debt and is completely self funded. Sales doubled from 2018 to 2019. They have hundreds of styles ranging in price from $12 to over $100. They are readily available on Amazon. Grace and Manuel likely want a Shark’s help growing the business and expanding production. Will a Shark want to wear an investor hat?
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Posts about Foam Party Hats on Shark Tank Blog
Foam Party Hats Shark Tank Recap
Manuel and Grace will pitch the panel of five Sharks on the business and its prospects for growth. They’ll need to convince Mark Cuban, Kevin O’Leary, Lori Greiner, Robert Herjavec and recurring Shark Daniel Lubetzky that the company is worthy of a Shark investment. A good business plan, good financials, and sales data will impress the Sharks, but they’ll need to show them THEY are capable of running the company to “Shark standards.” A full pitch re-cap on Foam Party Hats will be available on Shark Tank Blog once this episode airs.
Foam Party Hats Shark Tank Update
The Shark Tank Blog constantly provides updates and follow-ups about entrepreneurs who have appeared on the Shark Tank TV show. Once an episode has aired, we monitor the progress of the businesses featured, whether they receive funding or not and report on their progress. The Shark Tank Blog will follow-up on Foam Party Hats & Manuel and Grace Rojas as more details become available.
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