It’s a story of a Detroit company done good. Ash and Erie (formerly known as Ash & Anvil), a seller of clothes for shorter guys, received $150,000 in investment from Billionaire Mark Cuban.
Originally, they were aiming for $100,000 at a 12.5% stake on the show. But Cuban stepped up and offered $150,000 for 25% of the company.
Specifically, their shirts are for men 5 foot 8 and shorter. They’re also tailored to fit that frame better from the cut of the shirts to the cuffs.
According to their site, the price of a single shirt starts at $79. Shirt bundles of three run $219. Jeans on their site right now are going for $149.
In the last nine months the company has done more than $130,000 in online sales.
It’s also another crowdfunding success story. Early on, Ash & Erie (then Ash & Anvil) had an Indiegogo campaign to get off the ground. Not only did they make it – they far exceeded it, raising 255% of their goal, totaling $26,461.
Founded by two Venture For America Fellows, Eric Huang & Steven Mazur, the company now has a pretty big, connected and vocal backer to take the project and product to the next level. Cuban, after all, is an internet veteran and the owner of the Dallas Mavericks as well as a host of other businesses.