At the age of 19, Nate Berkopec started an environmentally friendly apparel company called The Factionist, which sells a socially aware printed clothing line. Its tagline is “Saving the world while making money.”
Did Berkopec’s company get a deal on Shark Tank? What is the current status of his company? Read on to find out.
| Company Name | The Factionist | |
| Founder/Co-Founder | Nate Berkopec | |
| Founded | 2008 | |
| Product | Printed Clothing line | |
| Asked For | $300k for 20% equity | |
| Final Deal | No Deals | |
| Shark | No Sharks | |
| Episode | S1 E12 | |
| Air Date | Jan 15th, 2010 | |
| Business Status | Out of Business | |
| Website | Visit Website | |
| Headquarters | New York, United States | |
| Lifetime Sales | $10k *estimated | |
| Buy and Watch | Buy Now | Amazon Prime |
Business Pitch Episode Recap
Berkopec revealed that he imports T-shirts from Uganda and prints environmentally friendly logos and slogans on them. In 6 months, he has achieved total sales of $3,000.
Kevin O’Leary said it was a bad idea because millions of people are in the same business, and the competition is very high. So he is out.
Kevin Harrington said the sales are too low, so he is out. Robert Herjavec, Barbara Corcoran, and Daymond John said the business is not sustainable, the sales data is limited, and the company does not manufacture the product itself, so they are out.
The apparel company The Factionist did not get a deal on Shark Tank, and Berkopec had to leave the show without any investment.
Sharks Offers list!
| Sharks | Offers |
|---|---|
| Kevin Harrington | No Offer |
| Kevin O’Leary | No Offer |
| Robert Herjavec | No Offer |
| Barbara Corcoran | No Offer |
| Daymond John | No Offer |
| Founder’s (Countered) | No Counters |
| Final Deals | No Deal |
The Factionist Shark Tank Update
The Factionist’s clothing lacked any unique features, which is why the business couldn’t sustain itself. Our research shows that the business shut down within one year.
While studying business, Berkopec also started learning programming. In January 2015, he founded a Ruby on Rails performance consultancy company in Japan called The Speedshop. Within 3 years, he generated over $500,000 in revenue.
Here is a report on the updates of some businesses from Season 1.
