Total Tie Keep Shark Tank Pitch
Dwight Littlejohn is seeking $50,000 for 25% equity for his company, “Total Tie Keep.” He is a federal agent who accompanies some of the most important people in the country. Dwight created his product to keep his tie straight and under control.
Total Tie Keep comes in four different colors that are coordinated with your shirt or tie. The product keeps the tie straight and organized with your shirt. He came up with the idea in his work environment to give him command presence without saying a word.
Total Tie Keep retails for $25 for a package of four. His product is patented and is selling online. The cost is under $3 to manufacture his product. He needs help to distribute his product because he has little time to work the business. He gives a lot of his product away to law enforcement who uses the units.
Total Tie Keep Episode Data
- Company: Total Tie Keep – Website
- Entrepreneur: Dwight Litteljohn
- Ask: $50,000 for 25% equity
- Episode Season 7 Episode 712
- Companies in this episode:
- First Aired: 01/05/2016
- Deal: No Deal
What do the Shark Tank Investors say about Total Tie Keep?
- Mark Cuban – thinks swag is about being able to tell everyone around him what to wear, and he doesn't relate to ties. He is out.
- Daymond John – thinks he made a mistake going to the biggest men's warehouse when he should begin with the small stores who will specialize in selling the product. Daymond is out at this stage of the business.
- Kevin O'Leary – says he can't quit his job, and Dwight answers that he is interested in licensing the product. Kevin believes that he would have to get 150% of the company to get a return on his investment. He sees this business as a hobby, he is out.
- Lori Greiner – agrees with Mark's point that Ties are not her thing and she is out.
- Robert Herjavec – is asking who is going to sell this product, and someone needs to be there every single day. He thinks he will sell out his inventory because of a great product and who he is, but he doesn't have the time to market the product. He is out.
Total Tie Keep after Shark Tank
Total Tie Keep continues to sell online through their website. Dwight sold over 5,000 units after the first episode aired, and continues to see sales grow.