What Happened To Pop It Pal After Shark Tank? How Much Is Pop It Pal Net Worth?
What Happened To Pop It Pal After Shark Tank? Pop It Pal is a silicon rectangle with little pores filled with Pop It Pal Puss, which allows people to stimulate the repulsive habit of popping pimples. Many are curious about what happened to Pop It Pal After Shark Tank. Scroll down and keep reading this entire article to know What Happened To Pop It Pal After Shark Tank and more about Pop It Pal Shark Tank.
by Swetha P | Updated Dec 29, 2022
Pop It Pal Shark Tank
Pop It Pal is a beautiful toy that allows people to stimulate the repulsive habit of popping pimples. It was founded in January 2018 by Summer and Billy Pierce. Pop It Pal is a silicon rectangle with little pores. It is refilled with Pop It Pal Puss, which costs $5. The patch arrives in brown and peach colors, and the puss comes in ideal blue glitter colors. Summer requested Billy to recreate a pimple-popping device. Summer, Bill Pierce, and family relative Kayla were the first to enter the Shark Tank in Season 10, Episode 8, to talk about their company Pop It Pal. They had a challenging task to persuade the sharks that their pimple-popping simulation product was worth $2.5 million. Bill Pierce, Summer Pierce, and Kayla Roof all stepped out onto the stage of the Shark Tank. Summer Pierce is the wife of Bill Pierce, and Kayla is Bill's cousin. They all spoke in unison as they presented the name of their business, Pop It Pal, and requested $350,000 in exchange for 10% equity in their business.
What Happened To Pop It Pal After Shark Tank?
Pop It Pal is a silicon rectangle with little pores. It is filled with Pop It Pal Puss, which allows people to stimulate the repulsive habit of popping pimples. Pop it Pal is limited to online sales and platforms, so it cannot expand its customer ratio. In 2019, Pop It Pal documented the tank 2019 during Season 10, asking for $250,000 in exchange for 10% of the company. The company launched its unique product to a periodic panel of sharks that contained two guest investors.
Source: bizzbucket
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How Much Is Pop It Pal Net Worth?
During the pitch on the show, the company got a valuation of $1 million per investment done by Kevin O'Leary. After the show, the business contains a value of $ 5 million. Till June 2021, they made a payment of more than $500,000. The company was valued at $2.5 million during the pitch; after the investment made by Kevin O' Leary, the company was valued at $5 million.
Source: bizzbucket
Pop It Pal Shark Tank Update
The Pop It Pal website has the classic sponger shapes in flesh tones and a unique glitter edition, along with the refillable pus. The deal with Kevin was completed, and the company is documented on his website. They took his request and came out with a distinct color puss. There is even a glitter puss. As gross as the toy is, it has a therapeutic effect for folks suffering from dermatillomania or chronic skin-picking. As of june 2021, they are still in business with annual revenue of half a million dollars working for its growth and expansion. The deal ultimately closed with Kevin O'Leary, and the business still exists and functions. Their products can be found in different locations and online markets, while other information can be found on the Pop it Pal website. They are estimated to generate just under $1 million in sales yearly.
Entrepreneurs: Bill Pierce, Summer Pierce, and Kayla Roof
Business: Pimple Popping Simulator
Ask: $250,000 for 10% equity
Result: $250,000 for 5% equity + $1.50 per unit until $750,000 is paid back
Sharks: Kevin O'Leary
Source: sharktankrecap
What Happened To Pop It Pal After Shark Tank? FAQs
Pop It Pal is a beautiful toy that allows people to stimulate the repulsive habit of popping pimples. It was founded in January 2018 by Summer and Billy Pierce. Pop It Pal is a silicon rectangle with little pores. It is refilled with Pop It Pal Puss, which costs $5.
Pop it Pal is limited to online sales and platforms, so it cannot expand its customer ratio. In 2019, Pop It Pal documented the tank 2019 during Season 10, asking for $250,000 in exchange for 10% of the company.
The deal eventually closed with Kevin O'Leary and the company still exists and operates.
They merged their names to form their company name, Theora Design. The pair started by making things for companies to give away as free gifts, including a very successful ice-cream stick which doubled as a construction toy.
During the pitch on the show, the company got a valuation of $1 million per investment done by Kevin O'Leary. After the show, the business contains a value of $ 5 million.
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