Pink Shutter Photobooths Shark Tank Update

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 are 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.

Pink Shutter Photobooths Shark Tank Update

PhotoBooth guests may enter to create instant photographic memories of the event by 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 NamePink Shutter Photobooths
EntrepreneurLance Yabut and Tom Kanemoto
ProductPhotobooth 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
SharkBarbara Corcoran
Episode Season 4 Episode 24
Business StatusIn Business
WebsiteVisit Website

Who Is The Founder Of Pink Shutter Photobooths?

Pink Shutter Photobooths was founded by Lance Yabut and Tom Kanemoto and had locations in Los Angeles and Las Vegas.

There has been an increase in the popularity of hiring photobooths 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.

It has become increasingly common to rent a photo booth at weddings, birthday parties, and other celebrations.

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 that every guest may 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 decided to participate in the shark tank to expand their company’s reach into a new market.

They were looking for more funding that would 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.

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.

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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. Overall, 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 amount of time.

The term “pink” is taken quite seriously by Tom and Lance. They contribute five percent of their income to the research being done 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 that has established itself as a well-established, nationally recognized brand.

Pink Shutter Photobooths Shark Tank Update

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 revenue every year as of 2022.

Is Pink Shutter Photobooths Still In Business?

Pink Shutter Photobooths has expanded its reach since appearing on Shark Tank, with new locations in New York, Dallas, and Honolulu.

The company has also introduced a spinoff called Speedway Photo Booth, which uses the same equipment and prints the same high-quality photos as the original, but with an open concept.

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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 consists of six sessions providing expert business advice and mentoring for $1000.

You can also get business advice and mentoring help as a start-up bundle.

Yes, Pink Shutter Photobooths is still in business as of 2022.

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 2022.

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