Pink Picasso agrees to a (dollar)400K deal with Lori and Daniel during a bidding war on ‘Shark Tank.’
‘Congratulations, @LoriGreiner and @DanielLubetzky, as well as (hashtag)PinkPicasso!’ We’ll be paying customers! ‘(hashtag)SharkTan,’ a fan wrote. Who’d have guessed that the Sharks enjoy painting, especially painting by numbers? Ashley and Brittany Silfies, founders of the luxury paint-by-numbers kit brand ‘Pink Picasso,’ were featured on a recent episode of ‘Shark Tank.’ They went into the tank looking for (dollar)400,000 in exchange for a 5% interest in their company. The couple had no idea that they were about to start a bidding battle with four Sharks who wanted to seal the deal with them.
Ashley and Brittany recounted how they came up with the idea for Pink Picasso after ‘blowing up their lives’ by ending their over a decade-long marriages and getting together. Ashley was staring at the wall one day, pondering how she could make money with her photography and packaging skills when she had her eureka moment and came up with the idea for Pink Picasso’s paint-by-number kits. Pink Picasso allows anyone to produce gorgeous professional-looking paintings, and the Sharks enjoyed every minute of it. Despite the fact that their product offered nothing new, the Sharks couldn’t deny how pleasant the activity was. The Sharks, particularly Kevin O’Leary, Lori Greiner, and Daniel Lubetzky, were piqued when the ladies began disclosing their data and disclosed that they made (dollar)900,000 in earnings previous financial year.
Top startling events on ‘Shark Tank,’ from rejecting million dollar offers from sharks to chauvinism
‘Shark Tank’: How Phoozy got a (dollar)500,000 deal from the Sharks after inciting a bidding warMr. Wonderful aka Mr. Wonderful = Mr. Wonderful aka Mr. Wonderful aka Mr. Wonderful aka Mr. Wonderful aka Mr. Wonderful aka Mr. Wonderful aka Mr. Wonderful aka Mr. Wonderful aka Kevin viewed Pink Picasso as a gold mine and made him an offer right away. He offered (dollar)400,00 in exchange for a 33.3 percent interest in their company. Lori and Daniel came in with a (dollar)400,000 joint bid for a 20% interest. Although the Silfies came into the tank searching for a Shark to teach them, Mark Cuban decided to sit out striking a deal, and Barbara reiterated the same views by pointing out that since they have such fantastic numbers, they don’t really need the guidance of ‘big guys’ or Sharks.
Barb changed her mind after hearing her teammates Sharks’ proposals and decided to return to the game and make her own offer. She offered them (dollar)400,000 in the form of a loan with an interest rate of 8% and a 5% ownership in their company. Kevin amended his offer as well, lowering it to (dollar)400,000 for a 3% investment and a (dollar)6 royalty on every kit sold. The Silfies agreed to close the deal after some contemplation. Brinkwire News in a Nutshell