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Legacy Shave

legacy shaveMike Gutow hopes to get a deal for Legacy Shave, his patented shaving brush attachment, in Shark Tank episode 1407. He started the company with his brother Dave (who doesn’t appear on the show) way back at the turn of the century. The product, called the Evolution Shave Brush, is essentially a nozzle with a shaving brush on it that attaches to any shaving cream or gel can. This gives you the luxurious feel of a shaving brush with real shaving cream – not shaving soap. The company also sells shaving cream, razors, bar soap and a variety of gift packages.

The remarkable thing about this business is how it came to be. The brothers, with the help of their father, developed the product after they graduated from Michigan State. They ordered 3000 units that needed to be assembled. The boys assembled about 200 units and lost interest. Over the years, the brothers kept asking each other when they were going to pull the trigger on their business, but they never did. About 17 years after their first product order, their father passed away from cancer. When they were cleaning out his basement, they found all 3000 units assembled – their father was assembling them to pass the time while on chemotherapy.

That was all they needed to get going. They did a Kickstarter, got a patent and redesigned the original version of the Evolution Shave Brush to be a bit sleeker. The product was featured in The Sharper Image in 2017 and they was voted top new product at the 2019 ECRM Show in Orlando, Florida. An Evolution Brush will set you back $19.95 or $24.95 if you get one of their custom colors. A can of their own branded shaving cream costs $9.95. The brush helps lift hair follicles for a closer shave and makes shaving cream cans last up to 4 times longer. Mike and Dave likely want a Shark’s help with inventory, will a Shark shave out a deal?

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Legacy Shave Brush

Legacy Shave Shark Tank Recap

Mike will pitch the panel of five Sharks on the business and its prospects for growth. He’ll need to convince Mark Cuban, Barbara Corcoran, Kevin O’Leary, Lori Greiner and Robert Herjavec that the company is worthy of a Shark investment. A good business plan, good financials, and sales data will impress the Sharks, but he’ll need to show them HE is capable of running the company to “Shark standards.” A full pitch re-cap on Legacy Shave will be available on Shark Tank Blog once this episode airs.

Legacy Shave 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 Legacy Shave & Mike and Dave Gutow as more details become available.

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