Tucky - Shark Tank Update

Turn any shirt into a crop top

Published

Season 14, Episode 22 Founded by Brooke Knaus In Business

Shark Tank Episode Details

Founders Brooke Knaus
Air Date 2023-05-19
Season & Episode Season 14, Episode 22
Initial Ask $70K for 30.0% equity
Deal Details Got deal: $70K for 39.0% equity from Daymond John
Estimated Yearly Revenue $100k
Estimated Net Worth (4x estimated revenue) $0.4 million

The Shark Tank Pitch

When Brooke Knaus found herself constantly tucking her sweatshirts into her bra during the 2020 Covid-19 lockdown while spending time with her children, she experienced firsthand the frustration of the popular "bra tuck hack" that kept slipping and coming undone with movement, leading her to innovate a simple yet brilliant solution that would transform how women achieve the coveted cropped top look without the bulk and hassle. Her entrepreneurial journey began after having her second child when she felt disconnected from her postpartum body and sought ways to create a flattering silhouette by pulling her pants high and tucking tops into her bra to achieve an hourglass shape, but the constant readjustment became bothersome enough to inspire her search for a better alternative.

Drawing from an elastic belt she found in her closet, Brooke developed the Tucky, a jacquard elastic belt lined with silicone strips for extra grip that's fully adjustable from size 00 to size 14, allowing any woman to instantly transform regular shirts, sweaters, or sweatshirts into stylish crop tops without adding unwanted bulk at the waistline. When Brooke entered Shark Tank seeking $70,000 for 30% equity at a $233,333 valuation, she presented an impressive business that had already achieved $60,000 in sales since launching in early 2022, with $40,000 in profit and a remarkable viral TikTok video that debunked the unreliable bra tuck hack and drove most of her initial sales through authentic social media engagement rather than traditional advertising spend, while offering her product at $30 retail with only a $5 production cost that demonstrated strong margins and scalability potential for investors seeking accessible fashion solutions.

Where Are They Now?

Daymond John recognized the commercial potential in Brooke's innovative approach to fashion accessibility and secured a deal for $70,000 in exchange for 39% equity after competing with Kevin O'Leary's offer of $70,000 for 40%, providing Brooke with both capital and strategic guidance to scale her business while other Sharks like Mark Cuban, Lori Greiner, and Barbara Corcoran passed on the opportunity despite acknowledging it as a great product due to concerns about market size and trend longevity that proved unfounded given subsequent success. The Shark Tank exposure created an immediate surge in demand that completely sold out Tucky's inventory within 12 hours of the episode airing, forcing the company onto a pre-order basis for approximately two months while they worked with Daymond's recommended creative marketing agency to expand production capacity and enhance their marketing strategy beyond social media virality.

We found that Tucky has continued evolving their product line by introducing Stitchy, a complementary product designed to temporarily attach scarves to clothing, while expanding their retail presence beyond their official website to include partnerships with boutiques such as Willow Jane, Modern Creek Boutique, and Tucker Net, as well as selling through platforms like eBay and Amazon to meet growing consumer demand. The company's strategic growth has been supported by Daymond's mentorship and industry connections, enabling them to build sustainable business operations while maintaining the authentic brand voice and community engagement that originally drove their viral success, with the current estimated net worth reaching approximately $238,000 as they continue developing innovative fashion accessories that solve everyday styling challenges for women seeking versatile, comfortable, and trendy wardrobe solutions.

Revenue

$100k

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