Elephant Pants Shark Tank Net Worth

Elephant Pants is an apparel company that made its big-screen debut on Season 8 of the popular business-themed reality television series, Shark Tank.

The primary product they offer, as their name implies, is a line of uniquely designed, loose-fitting, and incredibly comfortable pants inspired by traditional clothing styles in several parts of Africa and Asia.

The primary distinguishing feature of Elephant Pants is their iconic elephant prints, paying homage to the grandeur of the animal itself.

These socks are made from soft, lightweight, and breathable fabric, usually rayon or a blend of cotton and rayon, which ensures excellent comfort and flexibility.

Elephant pants come in various bold colors and patterns, giving them a distinctive, stylish look that sets them apart from regular casual wear. One of the salient aspects of Elephant Pants is their versatility.

Elephant Pants’ commitment to conservation sets them apart from many other fashion brands. The company donates a portion of each sale to organizations working towards preserving elephants, making it not just a fashion statement but also a cause-driven choice for consumers.

Their mission is to help “Save Elephants,” they have partnered with organizations like the African Wildlife Foundation to make a significant impact.

Elephant Pants stand out for their unique, comfortable design, variety, and ethical business approach. Elephant Pants customers don’t just buy a product; they also contribute to a meaningful cause, which adds a lot of value to each purchase.

What Are Elephant Pants?

Elephant Pants are trendy and comfortable trousers popular among hippie and boho fashion enthusiasts. These pants are distinguished by their loose and baggy fit, adorned with vibrant and colorful elephant prints.

They are often made of lightweight and breathable materials, making them perfect for relaxation or outdoor activities. The origin of the name “Elephant Pants” comes from the fact that the fabric is patterned with elephant designs.

These pants have gained popularity not only for their fashion appeal but also for their symbolic meaning. They serve as a reminder of the dwindling elephant population in Southeast Asia, aiming to bring attention to conservation efforts and raise hope for these magnificent creatures.

The Elephant Pants brand is known for its commitment to fair trade and supporting local artisans in Northern Thailand. Each pair of pants is handcrafted with attention to detail, ensuring high-quality and unique designs. Additionally, the brand offers a range of other clothing items, such as harem pants, jewelry, yoga, and sportswear.

Who Is The Founder Of Elephant Pants?

The Elephant Pants was co-founded by James Brooks and Nathan Coleman, two young entrepreneurs who turned their passion for fashion, travel, and conservation into a successful business venture.

Nathan Coleman, a graduate of the University of Massachusetts, has a background in sales and advertising, having worked at various firms where he honed his skills in building brands and marketing strategies.

James Brooks, a graduate of Babson College, is experienced in entrepreneurship and business development and brings his strong business acumen to the partnership.

Elephant Pants was conceived during a trip Nathan took to Thailand in 2013. During his journey, the plight of the elephants moved him, an integral part of the country’s culture and ecosystem, yet suffering due to issues like habitat loss, poaching, and mistreatment in tourism.

He also came across a pair of extraordinary elephant-print pants at a local market, which struck him with their comfort and distinctive style. Upon his return to the United States, Nathan shared his experiences and the pair of pants with James.

The two saw an opportunity to combine their love for fashion and their desire to make a difference. This led to the creation of Elephant Pants, with the mission to create a unique fashion product that raises awareness and funds for elephant conservation.

Before appearing on Shark Tank in 2017, Elephant Pants was already a growing business, primarily selling its products through its online store. They built a dedicated customer base who loved their products and supported their mission.

Their appearance on Shark Tank aimed to secure further investment to scale their business and make a greater impact in their conservation efforts. The platform allowed them to share their story and the mission behind their brand with a broader audience.

How Was The Shark Tank Pitch Of Elephant Pants?

The Elephant Pants made their Shark Tank pitch in Season 8, Episode 18, with co-founders Nathan Coleman and James Brooks presenting. They were seeking an investment of $500,000 in exchange for 10% equity in their unique apparel company, which sells comfortable elephant-themed clothing and donates a portion of each sale to the International Elephant Foundation.

By the time of their pitch, they had already donated over $127,000 towards the cause. Their presentation began with a lukewarm reception.

Initially unimpressed with the designs, the Sharks quickly changed their stance when the founders revealed their impressive sales numbers – $7 million over two years. This clear demonstration of market success caught the Sharks’ attention.

However, not all Sharks were convinced. Robert Herjavec, while intrigued by the company’s origin and cause, didn’t see the product’s appeal and opted out. Similarly, despite praising the founders for their cause and success, Mark Cuban decided not to invest.

Kevin O’Leary put forth two offers: a $500,000 line of credit for 5% equity or a straightforward $500,000 for 20% equity.

Daymond John followed Kevin’s offer and proposed $500,000 for 20% equity. Lori Greiner then piggybacked on Kevin’s line of credit offer but increased the equity ask to 10%.

In response, the founders counter-offered, requesting all three remaining Sharks to invest together in a deal of $500,000 for 15% equity.

Daymond declined this joint deal, leading the founders to make another counter-offer of $500,000 for 12% equity. This counter-offer, however, led Kevin and Lori to drop out of the negotiation.

With Daymond John as the last remaining Shark, he proposed a deal of $500,000 for 17.5% equity while also promising to fund purchasing orders.

In response, Nathan and James proposed a final offer to Daymond: $500,000 for 15% equity plus an additional 2.5% advisory shares. Daymond accepted this offer, securing the deal for Elephant Pants on Shark Tank.

Final Deal: Elephant Pants secured a deal of $500,000 in exchange for a 15% stake with 2.5% advisory shares from Daymond John.

What Happened To Elephant Pants After Shark Tank?

The trajectory of Elephant Pants post their Shark Tank appearance appears to have taken a downward turn. Unfortunately, the company seems to have struggled to sustain its initial success in the longer term.

Public activity from the company, such as updates on its social media pages, ceased around December 2018, hinting at difficulties or a potential halt in operations.

Furthermore, there were significant changes in the leadership team. Co-founder James Brooks departed Elephant Pants towards the end of 2017 and moved on to start his venture, JB Financial.

Nathan Coleman’s LinkedIn profile suggests a brief tenure as the CEO and founder of Elephant Pants from September 2014 to December 2014. The profile does not provide any further information about his involvement with the company beyond that period.

It appears that Elephant Pants is no longer active in the market. The reasons behind this are not specified but could range from financial struggles, leadership changes, or shifts in the market dynamics.

Despite the initial promise and an appealing cause, it seems the company could not maintain the momentum it had generated in its early years and during its Shark Tank appearance.

Elephant Pants Shark Tank Update

After appearing on Shark Tank, Elephant Pants, a clothing brand focused on elephant-themed apparel and donating a portion of each sale to the International Elephant Foundation, experienced a mixed outcome.

The Elephant Pants founders, Nathan Coleman, and James Brooks, appeared on Shark Tank in Season 8, seeking a $500,000 investment for 10% equity in their company. Daymond John ultimately made a deal with them, investing $500,000 for 15% equity and 2.5% advisory shares.

Elephant Pants initially achieved impressive sales of $7 million over two years. They expanded their product line to include various garments and accessories, targeting both male and female demographics.

Elephant Pants’ unique styles, such as harem pants and kimono tops, drew inspiration from traditional designs. The company’s commitment to donating a portion of profits to Elephant Conservation Organizations sets them apart from other harem pants retailers.

However, subsequent updates indicated that Elephant Pants has been inactive on social media since December 2018. Co-founder James Brooks left the company in late 2017. The business faced challenges sustaining its initial success.

Elephant Pants went out of business by February 2018, with their website becoming inactive and products unavailable on Amazon.

While they initially experienced success with significant sales and product expansion, subsequent updates suggest the company faced challenges, including the departure of one of the co-founders and a decline in activity.

Is Elephant Pants Still In Business?

According to our research, Elephant Pants went out of business in 2018. After appearing on the show, the company achieved some initial success due to the shark tank effect. However, the company eventually ceased its operations and went out of business.

What Is the Net Worth Of Elephant Pants?

According to our research, the net worth of Elephant Pants has been $0 since the company went out of business in 2018. The valuation of Elephant Pants was $3.33 million after securing a deal from Daymond John on the Shark Tank show.