Pink Picasso Shark Tank Net Worth

Pink Picasso, featured on Season 13, Episode 7 of Shark Tank, offers a creative experience for art enthusiasts of all levels.

Founded by Ashley and Brittany Silfies, this innovative company provides premium paint-by-numbers kits designed for adults.

Each kit includes a ready-to-paint canvas featuring high-quality printed designs, pre-mixed acrylic paints in convenient pots, and a set of paintbrushes.

The process is simple yet engaging: users match the numbered sections on the canvas to the corresponding colors in the paints, creating a beautiful masterpiece step by step.

Pink Picasso’s kits cater to various styles, such as Mid-Century Modern and Modern Monet, ensuring there’s something for everyone.

The product has received rave reviews, with customers finding joy and fulfillment in painting like a professional artist.

With Pink Picasso, anyone can unleash their creativity, experience the satisfaction of completing a work of art, and proudly display their masterpiece.

Whether you’re a seasoned painter or a beginner looking to explore your artistic side, Pink Picasso’s paint-by-numbers kits are a fantastic choice for a relaxing and rewarding creative outlet.

InformationAnswer
Company NamePink Picasso Kits
FounderAshley Silfies and Brittany Silfies
ProductPaint-by-number modern art kits
Investment Seeking$400,000 for a 5% equity
Final Deal Accepted$400,000 for a 15% equity
Shark NameDaniel Lubetzky and Lori Greiner
EpisodeSeason 13, Episode 07
Business StatusIn Business
WebsitePink Picasso Website
Net Worth$5 million

What Is Pink Picasso?

Pink Picasso is a brand that offers paint-by-numbers kits designed to promote self-care, relaxation, and creativity. Their kits include all the necessary materials, such as canvas, paint, brushes, and color maps. The themes of the kits focus on growth, self-love, and taking time for oneself.

Pink Picasso is a company that offers Paint by Numbers Kits, which include everything you need to create a painting on canvas.

The kits contain an unstretched canvas, non-toxic water-based acrylic paint, brushes, a color key, and a tube for organizing supplies.

Each kit features unique painting selections, such as floral designs, mid-century modern styles, kids kits, and modern Monet themes.

Pink Picasso Shark Tank Net Worth

Pink Picasso aims to help people relax, reflect, and renew themselves through the creative process of painting.

The company emphasizes the benefits of painting, such as reducing anxiety, relieving stress, improving focus and concentration, fostering patience, and providing a sense of accomplishment.

Pink Picasso kits have gained popularity and recognition, having been featured on Oprah’s Favorite Things multiple times. The brand emphasizes not just the act of painting but the experience and journey of self-discovery that comes with it.

Who Is The Founder Of Pink Picasso?

Ashley and Brittany Silfies are the founders of Pink Picasso. Ashley Silfies holds a degree in Nutrition and Food Science from the University of Alabama. She is a stay-at-home mom and an accomplished photographer.

Brittany Silfies, on the other hand, has a degree in biology from the same university and works in a lab testing blood plasma for HIV and Hepatitis A, B, and C.

Ashley Silfies, being a creative individual, envisioned decorating a blank wall with bright, colorful pictures. This vision, combined with discussions with Brittany about using creativity to help people relax and renew, led to the creation of Pink Picasso Paint by Numbers Kits

 The kits aim to encourage individuals to lose themselves in the process of painting and find relaxation through creativity.

Before appearing on Shark Tank, Pink Picasso Kits gained recognition by being featured as one of Oprah’s Favorite Things and making appearances on popular shows like Good Morning America, The View, and the TODAY show.

The founders’ background in science and photography, coupled with their passion for creativity and relaxation, laid the foundation for their innovative painting kits.

How Was The Shark Tank Pitch Of Pink Picasso?

  • Founders: Ashley and Brittany Silfies
  • Product: Paint-by-numbers kits for adults
  • Investment Sought: $400,000 for a 5% stake
  • Final Deal: $400,000 for 15% equity
  • Sharks: Lori Greiner and Daniel Lubetzky
  • Sharks’ Views: Impressed with the product, its success, and profit margins.

Pink Picasso founders Ashley and Brittany Silfies sought a $400,000 investment in return for a 5% stake in the company during their Shark Tank pitch.

Pink Picasso Shark Tank Net Worth

The Sharks were impressed by the success and profit margins of their paint-by-numbers kits designed for adults.

Kevin initially offered $400,000 for a 33.3% stake, which was later revised to $400,000 for a 3% stake plus a $6 royalty per unit.

Lori and Daniel also offered $400,000 for a 20% stake but eventually settled on the founders’ counteroffer of $400,000 for a 15% stake.

On the other hand, Barbara proposed a $400,000 loan at 8% interest for a 5% equity share.

Ultimately, Pink Picasso accepted the deal from Lori and Daniel, securing the investment and expertise needed to grow their business further.

Investment Offers:

  • Kevin: $400,000 for 33.3% stake (revised to $400,000 for 3% + $6 royalty per unit)
  • Lori & Daniel: $400,000 for 20% stake (revised to $400,000 for 15% stake)
  • Barbara: $400,000 as a loan at 8% interest for 5% equity
Shark NameOffered InvestmentCounter Offer by FoundersFinal Deal Accepted
Kevin$400,000 for 33.3%$400,000 for 3% + $6 royalty per unitNo
Lori & Daniel$400,000 for 20%$400,000 for 15% stakeYes
Barbara$400,000 loan at 8% for 5% equityNo

Did Pink Picasso Get a Deal on Shark Tank?

Pink Picasso, a paint-by-numbers kit company founded by Ashley and Brittany Silfies, successfully secured a deal on Shark Tank Season 13. They accepted an offer of $400,000 for 15% equity from sharks Lori Greiner and Daniel Lubetzky.

Since then, Pink Picasso has expanded its product lines and seen significant growth in sales, making it a successful investment for the sharks.

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What Happened To Pink Picasso After Shark Tank?

After appearing on Shark Tank and securing a deal with investors Daniel Lubetzky and Lori Greiner, Pink Picasso has seen significant growth and success in its business.

The company received a $400,000 investment in exchange for a 15% equity stake, valuing Pink Picasso at $2.6 million.

The company’s annual revenue reached $5 million by December 2022, showcasing its strong financial performance post-Shark Tank.

Pink Picasso has expanded its product lines, introducing new offerings like the Violet Van Gogh painting kits. With a focus on innovation and creativity, the company is poised for further growth in the future.

Pink Picasso’s products are available nationwide and globally through platforms like Amazon, catering to a wide range of customers interested in paint-by-numbers kits.

The company operates over 500 retail stores in countries such as Canada, the United States, Italy, and Mexico City, contributing significantly to its overall revenue.

Pink Picasso Shark Tank Net Worth

Pink Picasso has garnered attention from various media outlets, including Today, Good Morning America, and The Kelly Ryan Show, further enhancing its brand visibility and credibility.

Pink Picasso is still in business with a net worth of $5 million, continuing to thrive in the market. While the product may not have achieved high sales on Amazon, it has received positive feedback, with a 4.4 rating out of 5, indicating strong customer satisfaction.

With a focus on continuous product innovation and market expansion, Pink Picasso is well-positioned to capitalize on its success and establish itself as a prominent player in the art kit industry.

Pink Picasso’s journey post-Shark Tank exemplifies a remarkable success story, showcasing the company’s resilience, growth, and commitment to delivering quality products to its customers.

With a solid financial foundation and a strong market presence, Pink Picasso continues to thrive as a leading provider of paint-by-numbers kits in the industry.

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Pink Picasso Shark Tank Update

Pink Picasso, a company specializing in paint-by-numbers kits, experienced a significant boost in popularity and success following their appearance on Shark Tank.

The founders, Ashley and Brittany Silfies managed to secure a deal with investors Lori Greiner and Daniel Lubetzky, who invested $400,000 for a 15% stake in the business. This investment helped Pink Picasso expand its reach and attract more customers.

After the Shark Tank pitch, Pink Picasso continued to thrive and grow its business. The exposure from the show allowed them to attract a larger customer base and expand their product offerings.

They managed to increase their annual sales significantly, reaching $5 million in 2022. This success indicates that Pink Picasso is still very much in business and experiencing continued growth.

Pink Picasso’s net worth can be estimated by their reported annual sales of $5 million and the positive reception of their products.

The company’s success and ability to generate significant revenue indicate that Pink Picasso is a valuable and thriving business in the paint-by-numbers industry.

Pink Picasso’s journey post-Shark Tank has been marked by success and growth. The company has not only maintained its presence in the market but has also expanded its reach and product offerings.

With a strong customer base, innovative products, and a dedicated team, Pink Picasso continues to be a successful player in the art and craft industry.

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What Is the Net Worth Of Pink Picasso?

According to our research, Pink Picasso’s net worth is estimated to be $5 million. The valuation of Pink Picasso was $2.66 million after securing an investment from Lori Greiner and Daniel Lubetzky on season 13 of Shark Tank.

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