Pink Shutter Photobooths is a company that provides photo booth rental services for various events and occasions, such as weddings, corporate events, birthday parties, and more.
They typically offer various photo booth types and customizations, including open-air booths, enclosed booths, and props to enhance the photo-taking experience.
Customers can choose from packages that include features like instant prints, digital copies, social media sharing options, and professional attendants to ensure a smooth event.
The company, Pink Shutter, may also offer personalized branding options and backdrops to match the theme or style of the event. Photo booths have become a popular addition to events in recent years, as they provide a fun and interactive way for guests to capture memories and create lasting keepsakes.
What Are Pink Shutter Photobooths?
Pink Shutter Photobooths delivers photo booth rentals in California and Las Vegas for private and corporate events. Pink Shutter PhotoBooth is a California and Las Vegas-based company that rents PhotoBooths for private and business events.
Pink Shutter’s PhotoBooths is a popular “accessory” for weddings, parties, and corporate functions. Pink Shutter PhotoBooth technicians arrive on-site and set up a portable, high-tech photo booth equipped with touch screens and CANON SLR cameras.
PhotoBooth guests may enter to create instant memories of the event using high-speed photographic printers and “party props.” Pink Shutter PhotoBooth describes itself as the best PhotoBooth rental company in the industry, and its many Yelp reviews support that claim. The company also offers video options and a low-price guarantee.
|Company Name||Pink Shutter Photobooths|
|Entrepreneur||Lance Yabut and Tom Kanemoto|
|Product||Photobooth rental service|
|Investment Asking For||$300,000 For 10% equity in Pink Shutter Photobooths|
|Final Deal||$300,000 For 33% equity in Pink Shutter Photobooths|
|Episode||Season 4 Episode 24|
|Business Status||In Business|
Who Is The Founder Of Pink Shutter Photobooths?
Lance Yabut and Tom Kanemoto founded Pink Shutter Photobooths in Los Angeles and Las Vegas. There has been an increase in the popularity of hiring photo booths for weddings, birthdays, and other festive occasions.
Pink Shutter Photobooths was created due to the lack of a similar service on the market, which the two recognized. The Pink Shutter PhotoBooth is a temporary photo booth, and a technician from Pink Shutter PhotoBooth arrives to set it up and take pictures at the event.
Pink Shutter Photobooths include various accessories that guests can use in their photographs and a high-speed printer so guests can print a copy of their images.
Pink Shutter Photobooths Before Shark Tank
Lance Yabut and Tom Kanemoto founded a Pink Shutter photobooths rental company in California and Las Vegas. The two met in high school and became friends and entrepreneurs due to their friendship.
Renting a photo booth at weddings, birthday parties, and other celebrations has become increasingly common. They developed Pink Shutter Photobooths in response to a market need for such a service and opened their own company.
A Pink Shutter Photobooth technician will set up the temporary booth and take photos of attendees at an event when a customer rents one of our photo booths.
Pink Shutter Photobooths are equipped with props for guests to use on their photographs and high-speed printers so guests can take a copy of the pictures home with them.
In addition, guests can take selfies with their friends using the Pink Shutter Photobooth. Lance and Tom participated in the shark tank to expand their company’s reach into a new market.
They were looking for more funding to help them expand their company and the experience the sharks could provide in the business world. Will the sharks take notice and invest in this burgeoning trend?
How Was The Shark Tank Pitch Of Pink Shutter Photobooths?
Lance Yabut and Tom Kanemoto are aspiring entrepreneurs who appeared on Shark Tank seeking a $400,000 investment for a 10% share in Pink Shutter Photobooths.
Pink Shutter Photobooths appeared on Season 4 of the popular television show “Shark Tank” in 2012.
The founders, Lance Yabut, Tom Kanemoto, and Mark Mabasa, pitched their photo booth rental business to the panel of investors, also known as “sharks.” They sought an investment of $300,000 in exchange for a 10% equity stake in their company.
During their pitch, the founders demonstrated their product and explained their various services. They also discussed their revenue, growth, and plans for expansion. The sharks expressed interest in the business and asked several questions about the company’s financials, scalability, and competition.
However, some sharks had concerns about the valuation of the company and the ability to scale the business, given the high costs associated with purchasing and maintaining the photo booths.
During the pitch, Barbara Corcoran, one of the sharks, saw potential in the business and offered. She agreed to invest $300,000 in exchange for a 33% equity stake in the company. The founders accepted her offer, and the partnership with Barbara helped Pink Shutter Photobooths to expand and grow their business.
The exposure from the show, along with Barbara’s investment and mentorship, provided the founders with the resources and support needed to scale their photo booth rental business and reach a larger audience.
Lance Yabut and Tom Kanemoto, the founders of Pink Shutter Photobooths, walked away from the Shark Tank stage with a deal from the Shark Barbara Corcoran of $300,000 for 33% equity in Pink Shutter Booths.
Final Deal: Barbara Corcoran agreed to invest $300,000 for 33% equity in Pink Shutter Photobooths.
What Happened To Pink Shutter Photobooths After Shark Tank?
Pink Shutter Photobooths has had tremendous success since the Shark Tank episode aired, and the company has plans to expand. When Barbara and Lance completed the transaction, she was true to her word and worked tirelessly with Lance and Tom to bring Pink Shutter Photobooths to a wider audience.
Barbara assisted Lance and Tom in obtaining invitations to several high-profile events organized and sponsored by major corporations such as Dreamworks, NBC, and Hulu, to mention a few.
In addition, Pink Shutter Photobooths has reaped the benefits of their appearance on Shark Tank, including increased popularity and publicity.
Lance and Tom plan to make the best of this opportunity by expanding throughout the United States. It was a tremendously successful transaction for Lance, Tom, and Barbara!
Pink Shutter Photobooths Shark Tank Update
Together with Tom and Lance, Barbara put a lot of effort into growing Pink Shutter Photobooths into the successful business that it is today: a market leader in the photo booth rental industry in Los Angeles, Sacramento, San Diego, Las Vegas, New York, Dallas, and Honolulu, with plans to expand across the country.
Pink Shutter Photobooths have been seen at notable events hosted by Hulu, NBC, and Dreamworks, among other companies.
They also added the Speedway Photo Booth, which included the same technology as the previous booths but was designed to be put up in a shorter time. The term “pink” is taken quite seriously by Tom and Lance. They contribute five percent of their income to research on breast cancer.
In the days following a Shark Tank Deal, Pink Shutter Photobooths has gone from a one-person operation to a nationwide company establishing itself as a well-established, nationally recognized brand.
The two of them, and Barbara Corcoran, are beaming from ear to ear to the bank.
Pink Shutter Photobooths also offer franchise opportunities. Pink Shutter Photobooths is still in business as of 2022 and generates $5 million in annual revenue.
Is Pink Shutter Photobooths Still In Business?
After securing a deal with Barbara Corcoran on Shark Tank, Pink Shutter Photobooths experienced growth and increased brand recognition. The exposure from the show helped the company expand its presence in the event rental industry, and the investment and mentorship from Barbara provided valuable resources and support.
Pink Shutter Photobooths continued to offer their photo booth rental services for various events, such as weddings, corporate events, birthday parties, and other special occasions.
They expanded their product offerings and services, adding more customization options, such as personalized backdrops and branding opportunities, to cater to client’s unique needs and preferences.
It is intended to make special events even easier and more efficient. The Kanemoto & Yabut firm offers a trademarked mentoring program in entrepreneurship.
The startup bundle comprises six sessions providing expert business advice and mentoring for $1000. You can also get business advice and mentoring help as a startup bundle. Yes, Pink Shutter Photobooths is still in business as of 2023.
What Is the Net Worth Of Pink Shutter Booths?
The valuation of Pink Shutter Photobooths was $3 million when it appeared on Shark Tank. The net worth of Pink Shutter Photobooths is $5 million as of 2023.