Yes, The Ave is still in business and has grown into a licensed apparel brand. The custom clothing and footwear company left Shark Tank without a deal, then built a real business on its own terms.
What happened on Shark Tank
Founder Nick Romero pitched on Season 3, asking for $125,000 for 15% equity. None of the Sharks invested despite what reviewers describe as a compelling presentation.
What the company looks like now
The Ave has since rebranded as The Ave Los Angeles and built out a genuine licensing business, striking deals with major names including Bruce Lee, the Elvis biopic, and Hendrick Motorsports. The company has opened additional physical stores in the Los Angeles area and generates an estimated $3 million in annual revenue, with a 2024 valuation around $3.9 million.
Frequently asked questions
Did The Ave get a Shark Tank deal?
No, none of the Sharks invested during the Season 3 pitch.
What is The Ave’s business today?
Custom, licensed apparel and footwear, operating as The Ave Los Angeles with deals tied to Bruce Lee, Elvis, and Hendrick Motorsports.
How much revenue does The Ave generate?
An estimated $3 million annually, with a 2024 valuation near $3.9 million.
For more Shark Tank updates, see Talmyn’s Business Case Studies desk.
