Paskho Shark Tank Update | Paskho Net Worth

Paskho, the eco-friendly lifestyle apparel company featured in episode 1 of Shark Tank’s season 13, stands out for its commitment to sustainability and social impact.

Founded by fashion industry veteran Patrick Robinson, Paskho focuses on producing high-quality apparel while addressing environmental and social issues.

The company’s “community-made” initiative involves outsourcing production to under-resourced communities in the United States, providing fair wages (around $25-$35 per hour) and employment opportunities to individuals working from their homes.

This approach not only supports local communities but also promotes a more sustainable and eco-friendly production process compared to traditional methods used by many apparel brands.

Paskho’s product line includes a wide range of men’s and women’s apparel, all designed with care and attention to detail by Patrick Robinson himself.

The apparel is known for its quality, affordability, and eco-consciousness, making it a compelling choice for consumers looking for stylish yet ethical clothing options.

By directly connecting makers with consumers, Paskho ensures a seamless production process that prioritizes transparency, fairness, and sustainability.

Additionally, the company has launched the Paskho Cares initiative, through which they donate a percentage of their proceeds to non-profit organizations, furthering their commitment to social responsibility.

Paskho represents a fusion of fashion, sustainability, and social impact, offering a compelling choice for those seeking apparel that not only looks good but also does good for the planet and its people.

Company NamePaskho
FounderPatrick Robinson
ProductTravel apparel made with eco-friendly materials
Investment Seeking$500,000 for 2.5% equity
Final Deal AcceptedNo Deals
Shark NameNo Sharks
EpisodeSeason 13, Episode 01
Business StatusIn Business
WebsiteVisit Website
Net Worth$10 Million

What Is Paskho?

Paskho is a clothing brand that focuses on battling the impacts of racial and social inequality in the United States. The brand’s main goal is to help underserved communities by providing them with job opportunities while maintaining sustainable practices.

Paskho Shark Tank Update | Paskho Net Worth

Paskho is built on principles of thoughtful and holistic design, ensuring that every aspect of their clothing, from the stitching to the ergonomic fit, serves a purpose in making a positive impact.

By supporting Paskho, customers are not only getting stylish and comfortable clothing but also contributing to the employment of American Makers and the fight against social injustice.

Who Is The Founder Of Paskho?

Patrick Robinson is the founder of Paskho, a sustainable clothing line. His interest in fashion began during his early years in Southern California, where he crafted shorts for himself and his friends using bold fabrics.

After studying at Parsons School of Design and working in Paris and Milan, Robinson became the head designer for Gap.

Patrick Robinson conceived the idea of Paskho out of a need to create a better product and business that could make a positive impact. He felt compelled to address the lack of sustainable and socially conscious clothing options in the industry.

His vision was to not only design stylish and comfortable clothes but also to create job opportunities in underserved communities in the United States.

Before appearing on ‘Shark Tank,’ Paskho had already gained attention for its focus on battling the impacts of racial and social inequality in the United States.

The brand was known for its commitment to sustainable practices and creating jobs in underserved communities.

Paskho also received positive feedback from customers who appreciated the brand’s ethos and the quality of its sustainable clothing line.

Additionally, Paskho has been featured in media outlets such as the New York Times and has even made it to the ‘Oprah’s Favourite Things 2020’ list.

Paskho’s commitment to sustainability and social justice, including the “Community-Made Initiative,” set it apart in the fashion world.

How Was The Shark Tank Pitch Of Paskho?

Patrick Robinson, a respected figure in the fashion industry, presented his brand, Paskho Apparel, on Shark Tank Season 13.

The company’s focus on community-made clothing aimed to combine high-quality fashion with a commitment to providing livable wages to individuals in underserved communities.

Patrick entered the Tank seeking a $500,000 investment in exchange for a 2.5% equity stake in Paskho.

Paskho Shark Tank Update | Paskho Net Worth

During the pitch, Patrick faced scrutiny from the Sharks regarding various challenges Paskho was encountering.

Some key points raised by the Sharks included supply chain issues, a high customer acquisition cost of $95, and the company’s inability to turn a profit despite generating substantial sales revenue.

Despite Patrick’s impressive background and Paskho’s noble mission, none of the Sharks extended an offer to invest in the company.

Mark Cuban, Barbara Corcoran, Lori Greiner, Kevin O’Leary, and Emma Grede all opted not to make a deal with Patrick for Paskho Apparel.

Ultimately, Patrick Robinson left the Shark Tank without securing an investment deal from any of the Sharks. The lack of alignment on various business aspects led to no agreements being reached.

SharkInvestment OfferedCounter Offer by FounderFinal Deal
Mark CubanNo offerNo deal
Barbara CorcoranNo offerNo deal
Lori GreinerNo offerNo deal
Kevin O’LearyNo offerNo deal
Emma GredeNo offerNo deal

Despite facing rejection from the Sharks on Shark Tank, Paskho Apparel continued its operations post-show. Updates revealed that the company had achieved $5 million in revenue in 2022.

Additionally, Patrick Robinson embarked on new ventures, such as a shoe collaboration with Allen Edmonds and the initiation of the AwareMade project, focusing on creating workshops in underserved communities with an emphasis on sustainable practices.

Patrick’s dedication to social and economic equality remains evident as he navigates the future of Paskho.

Did Paskho Get a Deal on Shark Tank?

Paskho did not secure a deal on Shark Tank despite founder Patrick Robinson’s pitch for $500,000 for a 2.5% equity at a $20 million valuation. The company’s high valuation and business model did not attract investment from the Sharks.

Despite not getting a deal, Paskho received positive feedback from viewers, leading to increased product orders and continued business growth post-show.

Also read, Lion Latch Shark Tank Net Worth

What Happened To Paskho After Shark Tank?

Despite not receiving an investment on Shark Tank, Paskho thrived post-show. The brand secured funding from Souls Grown Deep in 2021, leading to the establishment of a production pod in Boykin, Alabama. This initiative provided jobs to underserved communities, aligning with Paskho’s commitment to social impact.

Founder Patrick Robinson’s business purpose resonated with viewers, leading to a surge in product demand. The company expanded globally but faced challenges with import duties and taxes. Notable media publications like Forbes and Vogue featured Paskho, further boosting its visibility.

Additionally, Paskho expanded its manufacturing to South Dakota with the “Oyate” Pod, emphasizing sustainable and community-focused fashion. Paskho generated approximately $5 million in revenue.

The brand introduced new collections and products, such as the Rejuvenate Pant for Women and the Euphoric Cozy Hooded Cocoon Jacket. Investor Jane Piggott joined the company, signalling confidence in its potential.

Paskho Shark Tank Update | Paskho Net Worth

Robinson’s commitment to sustainability and community impact has kept Paskho thriving. Despite criticisms about his CEO abilities, the brand’s focus on high-performance, eco-friendly apparel continues to attract customers globally.

Paskho remains in business, operating from its headquarters in New York City. With ongoing innovations and a strong brand ethos, Paskho’s future in the competitive fashion industry looks promising.

These strategic moves highlight Paskho’s dedication to social equality and environmental sustainability, driving its continued success beyond the Shark Tank appearance.

Also read, KIN Apparel Shark Tank Net Worth

Paskho Shark Tank Update

After its appearance on “Shark Tank,” Paskho underwent significant changes in its business model and mission. Despite not securing an investment from the Sharks, the brand continued to thrive and make a positive impact.

Patrick Robinson, the founder, redirected Paskho’s focus towards creating better employment conditions in the U.S. during the pandemic. This shift aimed to address the challenges faced by many individuals who lost their jobs.

Paskho remained true to its core values of sustainability by using reclaimed fabrics for 43% of its clothing and avoiding harmful chemicals in its manufacturing process.

The brand also adopted eco-friendly practices, such as using recycled envelopes for shipping to reduce carbon emissions.

Despite initial setbacks, Paskho expanded its product line and collaborated with environmental and social justice missions to further its impact.

Paskho remains in business, with its products receiving positive reviews and selling out quickly on its website. The brand has also garnered media attention and recognition for its commitment to sustainability and social responsibility.

Paskho’s sales have been significant, with notable figures reported in previous years. However, the brand faced challenges such as high customer acquisition costs and losses due to scaling expenses and sales fluctuations during the pandemic.

Paskho’s journey post “Shark Tank” showcases a brand that has stayed true to its values, adapted to changing market conditions, and continued to resonate with consumers.

Despite the initial rejection from the Sharks, Paskho has managed to carve its niche in the fashion industry by emphasizing quality, sustainability, and social impact.

Also read, Uprising Shark Tank Update | Uprising Net Worth

What Is the Net Worth Of Paskho?

According to our research, Paskho’s net worth is estimated to be $10 million after its appearance on season 13 of Shark Tank.

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