Rareform on ‘Shark Tank’: A Look Inside the Accessories Made From Billboard Vinyl

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Rareform entered the Shark Tank in Season 8 with their one-of-a-kind accessories made with vinyl from recycled billboards.

We interviewed CEO and founder Alec Avedissian who runs the LA business with his brother, Aric. They have been in business for four years and note that bestselling items are their Weekender Duffle, Bi-Fold Wallet, and Brooklyn Backpack.

As for where they find the billboards, he said, “We partner with two of the industry leaders in advertising, Lamar Advertising and Clear Channel, and take their LA-area billboards once they are done being used.”

Here’s what else he told us about…

Interested in Rareform? Buy their products here.

How the Idea Came About

I was living in El Salvador volunteering and noticed some of my friends using billboard vinyl as roofing. Like many people, I thought billboards were made of paper or something else, so I was surprised to see how durable and thick they were. I thought there must be a way to make use of this in the United States. So when I came back, I called a local advertising agency and asked if I could have a few of their old billboards, and got an auto-upholsterer to make the first Rareform Surf Bag.

Their Customer Demographic

Instagram Photo

I’d say our primary demographic is 18 to 35 year olds, fairly even across genders, however skewed slightly male. And we are definitely biggest on either coast because of our roots in surf. However, due to adding more general lifestyle items such as iPhone cases, we do have a good consumer base in every demographic and are always hoping to expand that.

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Where You Can Find Them

Instagram Photo

You can buy Rareform products in about 300 retail locations worldwide, as well as our online store at Rareform.com. We are in a lot of independent boutiques, surf shops, outdoor stores, college bookstores, and more. We are also partnering with some larger retailers such as Best Buy & Whole Foods.

Interested in Rareform? Buy their products here.

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The ‘Tank’ Experience

Instagram Photo

Actually, a girl in our office thought it could be cool, and it turned out that there were open auditions in San Francisco the next day. So, we spontaneously took a plane and flew up to audition…Because we were a local company, they prioritized people who had flown in to be some of the first to film. So, we went in three different days hoping to film and we filmed on the third day. On the first day, we were definitely incredibly nervous, but by the third day we were running on adrenaline and were just ready to finally go! One thing I did not expect is how many people actually watch the pitch. I expected it to be the Sharks and maybe a cameraman or two, but there were probably close to 100 producers, tech people, etcetera, watching.

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Launching New Products

Instagram Photo

We are always introducing new products and have a few new yoga-inspired totes coming out this spring, in addition to some new wallets. We just recently launched our bike bag line as well as a new Hip Pack.

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Pros & Cons to Working With Your Brother

The pros are that I trust him and I know his work ethic, I’m terrible at following through and Aric is great at details and not getting overwhelmed. The con is that I always lose in push-up competitions
Aric: We are never going to have a permanent falling out. We would have a fight and be over it in a minute. I trust Alec with my life. We think in similar ways. The con is that he repeats everything I say. I say something and he repeats it if he doesn’t think it was emphasized enough.

Interested in Rareform? Buy their products here.

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