This 26-year-old started a hoodie company with $500 — now she has $350,000 in annual sales and a six-figure 'Shark Tank' deal
As Philomina Kane tells it, stress was making her hair fall out.

Eight years ago, Kane was an undergrad student at Princeton University majoring in biology — and the pressure was getting to her. So she cut off all her hair, and as her natural hair regrew, her head needed some additional comfort and protection.

"I found myself always putting a scarf on before putting a hoodie on," Kane said on Friday's episode of "Shark Tank" on ABC. "One day I was like, you know what, I'm going to make satin-lined hoodies."

Last year, the 26-year-old from the Bronx, New York, started Kin Apparel with just $500. This year, her start-up has already generated $355,000 in sales, Kane said.

And on Friday's episode, Kane landed an additional $200,000 from Shark Lori Grenier and guest Shark Emma Grede, in exchange for 30% of her company's equity.