Entrepreneur Balances 50-Hour Workweeks with Successful Clothing Side Hustle That Attracted $250,000 Offer on Shark Tank

Success of NineteenTwenty on Shark Tank

Background of Ashley and Zach Sankar

- Ashley Sankar works long hours at her day job while dedicating extra time to her side business. - The couple launched NineteenTwenty, a clothing brand that offers versatile garments, in December 2022. - They generated $269,000 in annual revenue during their first year.

Shark Tank Pitch and Offer

- Ashley and Zach pitched for $250,000 in exchange for a 10% equity stake. - They faced challenges, including a confusing financial presentation and fierce competition in the apparel sector. - Mark Cuban identified inconsistencies in their profit calculations, impacting their chances of investment.

Investor Offers and Decisions

- Kevin O'Leary offered $250,000 for 30% but required Ashley to leave her job for full-time commitment. - Robert Herjavec contested this requirement, asserting it was unfair and offered $250,000 for a 25% equity stake. - The Sankars ultimately accepted Herjavec’s offer, valuing partnership over complete ownership.

Implications for the Side Hustle Community

- The Sankars emphasize reinvesting profits back into their business. - Their journey highlights the importance of understanding financial management and dedication in entrepreneurship. - This success story inspires others looking to balance side hustles with full-time jobs. Source: CNBC