Are you snug tightly in bed and it’s time to go to work, but you don’t know what to do? Well presenting a product just for you- Morning head– The first ever shower cap that absorbs water and once you place it on your head the hair is all settled and no more bad hair is done before work. Just simply comb or manage your hair in a jiffy.
This crazy but efficient innovation came to the mind of Max Valverde. The innovation is for people with bad hairdos and can work on only a certain type of hair.
Morning head at a glance:
| Business idea | A shower cap-like innovation that straightens bad hair. |
| Founder | Max Valverde |
| Asked for | $25,000 for 20% |
| Accepted deal | No deal |
| Sharks | No shark |
| Business status | In business |
| Episode | Season 5 Episode 21 |
| Buy on Amazon | Buy Now! |
Index:
Founder Story:
Max Valverde has done his graduation from Boston university and has worked as an employee at Microsoft. He still wants to continue doing the same but does not want to lose focus on the morning head innovation. The company started in 2012 with some funding from Kickstarter.
Max has also tried to do some medical tests on this product. This innovation is one of the many products he has created.
Did Morning head get a deal on Shark Tank?
The hair expert came to shark tank seeking an investment of $25,000 for 20% of his company morning head. The entrepreneur decides to demo the product and the sharks have a laugh. They are impressed and interested when max tells them that he has sold 7,000 to date in 42 countries around the world. In the last 18 months, he has generated $36,000 worth of sales for the company. He has done marketing of the product from his website and also developed some videos on the same on YouTube.
If the product has to go for mass production the company can reduce the price of making to $1 making it completely profitable. Kevin O’Leary tells him to pursue and make his other inventions great rather than focusing on this one. Mark believes if he had come up with another product he would have been interested, but as of now, He’s out.
Barbara knows a solution to the product a wet cloth, she’s out. Daymond john believes in max and the product being good. He tells him he can earn money from the product but it is not scalable, he is out.
What happened to Morning head after Shark Tank?
The company’s morning head has increased its retail presence and has also started selling the product on amazon. Since the annual revenue of the product of $100,000 the founder Max has become the CEO of Fare Harbor which is owned by a friend.
The company is still selling on its website and the business is still getting customers due to its social presence and videos.
Product details:
- The cap has a design like a shower cap.
- The material used to make the cap absorbs water.
- The cap retails for 10.99 on amazon and $29.99 in Boston’s shops for sale.
- To use the product just do three simple steps:
- Add water to the inside of the cap.
- Put it over your head and massage
- Style your hair.
- The product needs to improve its design and quality and then can go into commercialization.
- There are many advantages to this product and disadvantages as well as listed below.
- Advantages:
- The cap has many customers worldwide.
- Disadvantages:
- The cap needs some investment in improving the design and making it more compact for use.
- The company has its own website.
- The product sells on amazon, their website, and in some mom-and-pop stores around the world.
- The product is the best accessory for anyone who wets their hair in the sink, wants fast mornings, and showers at night before going to bed, or who get bad hair due to the wearing of headgear.
- The product cannot be used for long hair. It can only be used for short hair.
- The product cost $1.19 for making.
- The product is reusable, affordable, and washable.
What is the net worth of Morning head?
At the time of show, as per the founder they were valued at around $125,000. The company has a net worth of $100,000 as of today. The information related to current sales is unknown. The product is available online on their website and on amazon. The founder does not take care of the company anymore he has become the CEO of Fare Harbor.
Is Morning head still in business?
The company is still in business and is going on despite investment from a shark. The items can be shipped to the US as well and they have got a customer base that spans the whole world.
The business could not scale and has not been able to become a profitable business. The business has the product available in stores and online. The revenues are not remarkable. Max has teamed up with a friend and become the CEO of Fare Harbor.
Morning head Social Links:
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FAQs:
What is Morning head?
Morning head is a shower cap-like innovation that straightens bad hair.
Who founded Morning head?
Max Valverde has done his graduation from Boston university and has worked as an employee at Microsoft. He still wants to continue doing the same but does not want to lose focus on the morning head innovation. The company started in 2012 with some funding from Kickstarter.