Pink Picasso Paint by Numbers Kits On Shark Tank Update – Shark Tank Season 13
Featured on Shark Tank
Pink Picasso Paint by Numbers Kits On Shark Tank Season 13
Pink Picasso offers paint-by-number kits aimed at adults, helping to make art accessible and enjoyable. Founded by Ashley and Brittany Silfies, the company provides various kits that cater to different artistic tastes. They secured a deal with Lori Greiner and Daniel Lubetzky for $400,000 in exchange for 15% equity. Summary:
- Company Name: Pink Picasso
- Founders: Ashley Silfies, Brittany Silfies
- Founded: 2019
- Product: Adult paint-by-number kits
- Asked For: $400,000 for 5% equity
- Final Deal: $400,000 for 15% equity with Lori Greiner and Daniel Lubetzky
- Season/Episode (Shark Tank USA): Season 13, Episode 7
- Business Status: In Business
- Headquarters: Spanish Fort, Alabama, USA
- Lifetime Worth (Sales): Estimated $3M
- Investors: Lori Greiner, Daniel Lubetzky
- Go To Amazon: Buy Now
- Watch On: Amazon Prime
Shark Tank Pitch
- Satisfaction Guaranteed
- No Hassle Refunds
- Secure Payments
Description
Pink Picasso Paint by Numbers Kits On Shark Tank Update – Shark Tank Season 13
Pink Picasso, known for its upscale paint-by-numbers kits, appeared on Shark Tank Season 13 and successfully secured a deal.
Here are the updates on the business since its appearance:
Paint-By-Numbers Kits Shark Tank Appearance
- Entrepreneurs: Ashley and Brittany Silfies
- Business: Pink Picasso offers paint-by-number kits that allow users to create art easily.
- Ask: $400,000 for 5% equity
- Result: $400,000 for 15% equity from Lori Greiner and Daniel Lubetzky.
Paint-By-Numbers Kits Post-Shark Tank Developments
- Business Growth: Pink Picasso has expanded its product line to include additional paint-by-number kits and a new line of tennis shoe decals called “Wear Your Sole.”
- Retail Expansion: The kits are now available in major retailers, including Michael’s, and have a presence in 2,100 boutiques.
- Sales Performance: The company has continued to thrive, with notable sales figures. Initially, they achieved $1.3 million in sales in 2019 and $3.5 million in 2020. By the time of their Shark Tank appearance, they projected $5 million in sales for 2021.
- Market Recognition: Pink Picasso has also been featured in Oprah’s Favorite Things, which significantly boosted its visibility and sales.
Product Features
- The kits include everything needed to create a painting, such as a pre-printed canvas, numbered paints, and brushes, making them suitable for all skill levels.
