Cat Drawing Shark Tank Update| Cat Drawing after Shark Tank
What is Cat Drawing?
Cat Drawing is an internet service that allows consumers to commission bespoke drawings of stick figure cats.
The company concept began one night when Steve considered how he might transform his ideas into a commercial brand with a fan base.
The business began in 2011, with a website that initially had merely an embedded YouTube video and a PayPal button.
He devised the concept of a family-friendly stick-like cat figure performing several tasks.
He hoped to generate interest and a market for the drawings and then sell them online, akin to a newspaper cartoonist with a following.
Who is the Founder of Cat Drawing?
The company initial starting one night when Steve considered how he might transform his ideas into a commercial brand with a fan base.
The business was established in 2011, with a website that initially had merely an embedded YouTube video and a PayPal button.
He devised the concept of a family-friendly stick-like cat figure performing several tasks.
He hoped to generate interest and a market for the drawings and then sell them online, akin to a newspaper cartoonist with a following.
Gadlin first proposed the notion as a joke, with the intention of establishing a thriving firm using simply a widget.
Gadlin is an inventor who frequently receives inspiration in the bathroom. He feels his concept is entirely unique in the industry and that his drawings would sell well.
It’s almost comical how basic it is, yet Gadlin’s passion and confidence are contagious.
What Happened to Cat Drawing at Shark Tank pitch?
Steve Gadlin approaches Shark Tank investors with his idea for Cat Drawing in order to gain assistance with production and distribution.
Gadlin is seeking a $10,000 investment in exchange for a 25% stake in his firm, which is valued at $40,000.
He cues the music and performs a musical presentation for the Sharks on his cat-drawing company, replete with dance routines that had Mark Cuban dancing in his seat.
Gadlin then gets down to business, hardly the most persuasive argument the Sharks have heard thus far, but he has a point.
For roughly $10, he offers a bespoke cat sketching service in which buyers may describe a cat and a scenario and he will draw it.
He is capable of drawing about 1,000 drawings every week. Kevin O’Leary gets to the meat of the matter by inquiring about sales. Gadlin has sold over 1,200 drawings in the last year, earning slightly over $9,000.
Kevin O’Leary is curious as to what he intends to accomplish with the money. Gadlin intends to expand the collection to include greeting cards and other merchandize.
Kevin O’Leary seldom invests in artists, as the company is entirely reliant on the artist’s inventiveness, health, and capacity to continue.
Kevin O’Leary says the corporation is “uninvest able” due to its size and he quit the deal. Robert Herjavec is also out of deal due to a lack of profit in the first year.
Mark Cuban is enamored with the concept and offers $25,000 for a 33% ownership of the business; more than double the initial investment request.
Gadlin approaches Mark Cuban and requests that he sketch one of every 1,000 cats. Mark Cuban accepts, and the deal is sealed with not only a handshake, but also a dance performance.
What Happened to Cat Drawing after Shark Tank?
The deal was finalized and the firm is now operational following the dance on the pitch with Steve and Mark Cuban.
Gadlin has drawn 18,794 personalized cats for individuals through his website in the four years since the business began.
He also marketed cat tee shirts and other novelty goods and employed numerous people, despite the fact that he was suffering from acute writer’s cramp.
Gadlin said in January 2015 that he will be discontinuing his cat-drawing company in order to focus on his new television show, Steve Gadlin’s Star Makers, which airs on WCIU-TV.
However, Gadlin’s website and social media accounts indicate that he is still painting cats for aficionados who request them, suggesting that the company is not nearly as dormant as he indicated.
Steve re-launched the firm in June 2021, charging $9.95 for cat drawings, the same price as when he first appeared on Shark Tank.
He has drawn nearly 21,000 cats. Steve launched a Kickstarter campaign for The Fart Pedal in September 2021, a guitar pedal that turns music into fart sounds.
Net Worth of Cat Drawing
During the pitch the company valuation was $40,000, after the Mark Cuban transaction the valuation of the company elevate up to $75,756.
Since the company has makes some sales which might increase the company net worth in 2021.
Cat Drawing FAQs
What is Car Drawing?
Car Drawing is a small business which makes custom drawings on a budget. The company was initiated in 2011, by a man named Steve Gadlin, who proposed a series of stick figure cats that were simple and easy to draw.
Who is the Founder?
The business was initiated in 2011, by Steve Gadlin. Steve is an artist who also owns a bespoke pillow company called Steve Gadlin’s Bespoke Pillows.
What is his offer on Shark Tank?
Steve was looking for $10,000 for 25% equity in his company, which was worth $40,000.
Did he get the deal?
Yes, he gets the deal from Mark Cuban for $25,000 for 33%. The deal was finalized with a handshake and a dance.
Is still in business?
Yes, Steve initiated a new company called Steve Gadlin’s Car Drawing.
Are his drawings popular?
Yes, the drawings have been selling well. In fact, he was able to run a campaign on Kickstarter to raise money for a new product, The Fart Pedal.
What happened to the business after the show?
Steve launched a Kickstarter for his Fart Pedal in September 2021.
Where is the business based?
The business is located in Chicago, Illinois.
How can I contact him?
One can contact at [email protected]
What has he invented till now?
The artist was rejected by major publishers when he tried to sell them his cartoons. After that, he started promoting his work on tube sites like YouTube and gradually became popular online.
Why do people buy these drawings?
The drawings have been sold online, and then sold in popular retail shops. The cat images are loved because they are unique and fun to look at.
People enjoy the company products because they make the viewer laugh, even though they are simple pictures of cats.
How do you draw a simple cat face?
The artist himself has a blog post explaining how to create a simple car drawing.
How many cats have been drawn by Steve?
The artist has been selling the drawings through his website, and he has been able to sell more than 18,000 drawings.
How do you draw a cartoon cat?
Those who want to learn how to draw a cartoon cat can find several tutorials online. The artist has also posted several videos explaining how to create simple car drawings.
Is it a scam?
No, the business is legitimate, and it has sold over 18,000 drawings.
How is the business model?
The business model is very simple. The artist makes money by selling the drawings online, to shops like Amazon and Etsy, for between $4-10 each.
What is a unique product?
The company sells car drawings with a variety of simple designs on real cars. These car drawings are used by motorists to decorate their cars.
How is the website?
The website has a simple layout, and the site’s home page has a mockup of a real car with a cat sitting on top of it.
How does he draw a cat?
The artist follows a simple process to draw a cat: He draws a few lines for the face, and then draws the outline of the head.
Then he adds a few more curves to complete the shape of the face. He then adds some ears and a tail.
What is the net worth of Steve Gadlin?
The net worth of Steve Gadlin is $700,000.
