EmazingLights Shark Tank Update | EmazingLights Net Worth
EmazingLights is a company featured in Season 6 of Shark Tank that offers a specialized product primarily targeted towards the EDM (Electronic Dance Music) and festival community called LED glove sets.
These glove sets are not your typical handwear; they are equipped with meticulously placed LED lights that create visually stunning light shows, especially in low-light environments.
The product was designed to enhance the entertainment value of events and create a unique mode of expression for its users, often referred to as “gloving.”
EmazingLights’ LED glove sets stand out because of their features. Users can program different colors and patterns into each glove set using tiny LED microchips.
The high-quality microchips allow for superior brightness and intense colors, making the light shows even more spectacular. They are easy to use with simple push-button controls, allowing users to switch between different modes and settings, including strobe, flash, and fade effects.
The gloves themselves are designed to be comfortable and durable, ensuring a secure fit for the wearers while they perform their light shows. They also come with replaceable batteries, meaning the fun doesn’t stop when the power runs out.
EmazingLights’ LED glove sets are a great choice for several reasons. They provide a unique form of entertainment that enhances any event. The vivid light shows they produce are mesmerizing, creating a spectacle that is sure to captivate any audience.
They are a creative outlet for their users. “Gloving” is not just about producing light shows; it is an art form where individuals can express their creativity and personality. The ability to customize the lights’ colors and patterns allows users to develop their unique styles.
They are a well-built product. These glove sets are designed with high-quality materials and have replaceable batteries so that users can rely on them for many performances and events.
EmazingLights has transformed a simple idea into a product that brings joy, creativity, and entertainment to its community.
| Company Name | EmazingLights |
| Entrepreneur | Brian Lim |
| Product / Business | Bright, colorful gloves with LED lights that are great for parties, festivals, and raves. |
| Investment Asking For | $625,000 for 5% equity in EmazingLights |
| Final Deal | $625,000 for 5% equity in EmazingLights + royalties |
| Shark | Mark Cuban and Daymond John |
| EmazingLights Episode | Season 6, Episode 22 |
| EmazingLights Business Status | Out Of Business |
| EmazingLights Website | Visit Website |
| EmazingLights Net Worth | $0 |
What Is EmazingLights?
EmazingLights is a company that specializes in the production and sale of light-up products, particularly gloves, orbits, and other accessories used in gloving and light shows.
EmazingLights was founded in 2010 by Brian Lim. The company gained popularity within the rave and EDM (Electronic Dance Music) community for its light-up products that enhance the visual experience of performances and events.
EmazingLights offers a wide range of products, including LED gloves, orbits, poi, and other accessories designed for creating mesmerizing light shows. They are known for their high-quality products and have become a leading brand in the gloving community.
EmazingLights initially gained traction through its online platform, where customers could purchase their products and connect with other members of the gloving community. EmazingLights has a strong emphasis on promoting creativity and self-expression through its light-up products.
They have also expanded their product line to include items such as LED masks, apparel, and accessories for other forms of flow arts, such as hooping and poi spinning.
EmazingLights has built a reputation for its commitment to quality, customer satisfaction, and continuous innovation in the realm of light-up products.
The company has also been actively involved in sponsoring events and competitions within the gloving community, further solidifying its presence and support for the art form.
EmazingLights has garnered a significant following and has played a crucial role in popularizing gloving as a recognized form of artistic expression.
Who Is The Founder Of EmazingLights?
EmazingLights was founded by Brian Lim, an entrepreneurial enthusiast with a deep passion for the EDM scene. He holds a degree in Economics from the University of California, Irvine.
Before starting EmazingLights, Lim had already dabbled in entrepreneurship with his first company, Into the AM. This company, a clothing brand, catered to the same EDM and festival audience that EmazingLights would later target.
The concept of EmazingLights sprang from Lim’s own experience in the rave scene. He discovered the art of “gloving” at these events and saw the potential it had to become a full-fledged movement within the community.
Recognizing that there was no one in the market supplying high-quality gloves for this art form, Lim decided to step into the niche and create EmazingLights.
Before appearing on Shark Tank, EmazingLights had already begun to make waves in the EDM and festival community. They gained traction in the industry, selling their innovative glove sets through their online platform and physical stores located in major cities across the United States.
Lim was also proactive in fostering a community around “gloving,” organizing competitions and events to support and grow the art form. Through these initiatives, EmazingLights managed to establish itself as the leading brand in the “gloving” community.
When Lim stepped onto the Shark Tank stage, EmazingLights was already a successful company. His pitch on the show wasn’t so much about acquiring the necessary funding but more about gaining exposure and strategic guidance to help propel EmazingLights to the next level.
The appearance on the popular business reality show offered the company a significant boost in terms of national visibility, positioning it for even greater success.
How Was The Shark Tank Pitch Of EmazingLights?
Brian Lim, the founder of EmazingLights, presented his pitch to the Sharks during Season 6 of Shark Tank. He opened his presentation with a stunning light show performed by professional glovers wearing his LED glove sets.
This set the tone for the unique and captivating nature of his product. He then proceeded to explain the concept of “gloving” and how his product served a niche within the EDM community.
Lim sought an investment of $650,000 in exchange for 5% equity in his company, which valued EmazingLights at $13 million. This was a bold proposition, given that it was one of the higher valuations ever seen on the show up to that point.
He justified this valuation with his impressive sales figures and the fact that EmazingLights was already a profitable venture.
He also noted that his company had generated $7 million in sales the previous year and was on track to reach $13 million the year he appeared on the show.
The Sharks were initially skeptical about the high valuation. However, they were also intrigued by the high revenue and profitability of the company.
They were particularly impressed with Lim’s passion and his success in building a thriving community around his product. The uniqueness of the product, its clear market, and the evident demand for it made it an attractive prospect for the Sharks.
Despite initial reservations about the valuation, Mark Cuban saw great potential in the company and its energetic founder. He admired the way Lim had created and fostered the gloving community and saw this as an indication of his commitment and business acumen.
Recognizing the potential for EmazingLights to become an even bigger success, Cuban made a surprising counteroffer: $650,000 for a 5% stake in EmazingLights and a 20% stake in all of Lim’s future businesses.
Lim, appreciating Cuban’s business prowess and the potential for long-term strategic guidance, accepted the deal. This deal is often highlighted as one of the most interesting and unexpected outcomes in Shark Tank history.
Final Deal: Mark Cuban and Daymond John agreed to invest $650,000 for 5% equity in EmazingLights + 5% royalties.
Did EmazingLights Get a Deal on Shark Tank?
Yes, EmazingLights did get a deal on Shark Tank. Mark Cuban and Daymond John agreed to invest $650,000 for a 5% equity stake in EmazingLights, along with 5% royalties.
This deal was made after negotiations and offers from other sharks, including Kevin O’Leary, Robert Herjavec, Lori Greiner, and Daymond John.
The final deal with Mark Cuban and Daymond John provided the necessary investment and support for EmazingLights to continue its growth and expansion.
What Happened To EmazingLights After Shark Tank?
After appearing on Shark Tank, EmazingLights experienced a significant surge in business. The exposure from the show brought the company and the art of “gloving” into the national spotlight, leading to increased interest and demand for their LED glove sets. As a result, sales soared, and the company saw substantial growth.
In addition to the immediate financial benefits, the strategic partnership with Mark Cuban proved invaluable. With his guidance, EmazingLights was able to expand its operations and explore new business opportunities.
The company continued to innovate, introducing new products and improving upon its existing line of LED gloves.
EmazingLights also continued to foster the “gloving” community. They expanded their gloving competitions, known as the International Gloving Championship, attracting more participants and audiences from across the world.
The company’s commitment to promoting and supporting the art of “gloving” has cemented their position as the leader in this niche market.
Furthermore, the partnership with Cuban helped EmazingLights to secure its place in the EDM scene, partnering with major festivals and events to provide light shows and performances.
The company’s continued success underscores the power of a unique product offering coupled with a passionate and dedicated founder.
By maintaining their commitment to the community, focusing on product innovation, and leveraging the strategic guidance of their new business partner, EmazingLights has managed to thrive in the years following their Shark Tank appearance.
EmazingLights remains a leading brand in the EDM and festival scene, demonstrating the lasting impact of their Shark Tank success.
EmazingLights Shark Tank Update
After appearing on Shark Tank, EmazingLights experienced a significant boost in sales and exposure. The company doubled its staff and expanded its office space to keep up with the increased demand.
They also secured a licensing deal with MGM, allowing their products to be sold at six Las Vegas properties, coinciding with EDC Las Vegas, a major EDM festival.
In 2021, EmazingLights acquired a 3,000-square-foot warehouse and hired 50 full-time employees. The business remains successful and popular, generating over $20 million in revenue in 2021 alone.
Some of their best-selling products include the eLite ezLite 2.0 Glove Set, Spectra Evolution Glove Set, Recharge Refresh Combo Deal, Emazing Magic Stretch Gloves, and Chroma Evolution Glove Set.
They have also expanded their offerings to include Flow Arts, such as LED Levitation Wands, POI Balls, and Fiber Optic Whips, as well as LED orbits.
Pricing varies depending on the product, with the eLite ezLite 2.0 Glove Set priced at $49.95 and LED orbits ranging from $24.95 to $34.95.
EmazingLights occasionally offers discounts on their sales page and site-wide promotions. Shipping is free for orders over $80, and they provide a 30-day money-back guarantee.
Additionally, EmazingLights launched a Promoters Program, collaborating with influencers who promote their LED products. They send influencers to music festivals and organize global online and in-person gloving competitions.
Participants in the program receive monthly cash payouts and exclusive sneak peeks of new products. EmazingLights also sells apparel and accessories such as hoodies, t-shirts, masks, boxers, joggers, shorts, hats, and glasses.
For more information, users can visit EmazingLights’ official website or follow their Instagram (@emazinglights) and Twitter (@emazinglights) accounts for updates and promotions.
Is EmazingLights Still In Business?
Our research shows that EmazingLights is no longer in business. After 13 years of operation, the company announced on January 9, 2023, via its Instagram account that they have decided to close down.
The reasons cited for their closure were a ban on gloving in clubs and the challenges posed by the pandemic. Unfortunately, this is the final update on EmazingLights.
What Is the Net Worth of EmazingLights?
According to our research, the net worth is estimated to be $0 since the company went out of business. The valuation of EmazingLights was $12.5 million after securing an investment from Mark Cuban and Daymond John on Shark Tank.
Also, read about other businesses that appeared on Season 6 of Shark Tank:
