Pete And Pedro - Shark Tank Update

men's hair styling products

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Season 7, Episode 29 Founded by Aaron Marino In Business

Pete And Pedro Details

Shark Tank Episode Details

Founders Aaron Marino
Air Date 2016-05-20
Season & Episode Season 7, Episode 29
Initial Ask $100K for 10.0% equity
Deal Details Got deal: $100K for 10.0% equity from Barbara Corcoran
Estimated Yearly Revenue $5+ million
Estimated Net Worth (4x estimated revenue) $20 million

The Shark Tank Pitch

Hair styling innovation emerged from a surprising source when popular men's fashion blogger Aaron Marino, who had previously appeared on Shark Tank Season 4 with his Alpha M Style System, returned to the Tank with a completely different approach after his initial failure taught him valuable lessons about product development and market fit. His new venture, Pete And Pedro, originated from a simple moment of frustration while styling his hair, leading him to partner with professional stylist Stephen Posta to create a premium line of men's hair care products that would meet both professional salon standards and everyday consumer needs.

Seeking $100,000 for 10% equity and valuing his established company at $1 million, Aaron entered the Tank with impressive credentials including $800,000 in total sales, $50,000 in monthly revenue, and a massive social media following of over 600,000 YouTube subscribers generating 5.5 million monthly views that drove his marketing strategy. The Pete And Pedro brand addressed fundamental gaps in men's grooming by offering professional-quality styling products at accessible price points, with the company name inspired by a childhood story about a boy named Pete and his donkey Pedro who both had 'bueno hair,' while the product line included shampoos, conditioners, and various styling creams, gels, pomades, and putties designed for different hair types and styling needs that satisfied the growing demand for men's personal care products that didn't sacrifice quality for affordability.

Where Are They Now?

The sharks' reception proved complicated as they appreciated Aaron's impressive sales figures and social media presence but questioned his decision to separate Pete And Pedro from his lucrative Alpha M platform, with Kevin O'Leary offering $100,000 for 20% of both businesses combined while Barbara Corcoran made a competing offer of $100,000 for 10% of Alpha M only, recognizing that the influencer platform was the real value driver behind Pete And Pedro's success. The negotiation took an unexpected turn when Barbara increased her offer to $300,000 for 10% of Alpha M after Aaron's counter-proposal, though she required a second shark to join the deal, leading to Aaron's acceptance of her original $100,000 offer for 10% of Alpha M rather than the hair care company he had come to pitch.

However, the deal with Barbara never officially closed during post-show due diligence, but the Shark Tank exposure generated immediate momentum with the company experiencing its best sales week ever, while Aaron's YouTube channel Alpha M has since grown to over 6.8 million subscribers, driving continued traffic to his expanding business portfolio. We found that Pete And Pedro has achieved remarkable success with estimated annual revenue exceeding $5 million, while Aaron has diversified into multiple ventures including the skincare brand Tiege Hanley, high-end Salon Posta, and MENfluential Media, proving that sometimes the most valuable outcome from Shark Tank isn't the investment but the platform exposure that enables entrepreneurs to build sustainable, multi-million dollar businesses across complementary market segments.

Revenue

$5+ million

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