Create A Castle Shark Tank Net Worth
Create A Castle Shark Tank Net Worth
Create a Castle is currently in business and has a net worth of $1.75 million. Create a Castle is a company founded by Kevin Lane and Laurie Lane in 2016 that specializes in making sand castles in less time. In an episode of Shark Tank USA (Season 14 Episode 3) that aired on October 7, 2022, the founders asked for $350K for a 10% equity ($3.5 million valuation).
However, Kendra Scott, one of the Sharks, made a counteroffer of $350K for a 20% equity ($1.75 million valuation), which was accepted by the founders.
Create a Castle appeared on Shark Tank Season 14 Episode 3 and asked for $350k for a 10% equity at a $3.5 Million Valuation. The company makes castle-building kits for kids that work in both sand and snow.
They made a deal with Kendra Scott for $350,000 for 20% equity.
Create a Castle’s founders Kevin Lane and Laurie Lane have a net worth of $1.4 million as of 2022. The company has an average review rating of 4.3 from over 540 Amazon reviews.
Although the company is profitable, it could not make a profit due to the pandemic but was expected to make a profit of $300k in 2022.
Despite this setback, Create a Castle is on track to be an industry leader in its niche and is expected to receive a huge boost in orders from fans after appearing on Shark Tank.
What Is Create A Castle Shark Tank And Who Founded Create A Castle Shark Tank?
Create A Castle is a sand-and-snow castle-building toy line that was pitched on Shark Tank by co-founders Kevin and Laurie Lane.
Create A Castle was founded by Kevin and Laurie Lane in June 2017. Despite being newcomers to the toy industry, they won the incredible 2020 Toy of the Year (TOTY) Award for their creation.
The couple appeared on Shark Tank Season 14, where they asked for $350,000 for 10% equity in their business.
They came away with a $350,000 offer for 20% of the business from Kendra Scott. Create A Castle is a tactical sensory toy set for kids with 25 pieces including reusable Castle Magic Sand, castle casts, building tools, a storage case, and a play mat.
Kevin Lane got the idea for Create A Castle while on a beach vacation in California back in 2016. He watched as a frustrated dad and son’s sand castles kept crumbling.
As an established web developer who was also an avid sand sculptor, he believed that if you could make the often frustrating experience of building sand castles with your family easier and more fun, people would buy it.
What Happened To Create A Castle At Shark Tank?
Create a Castle is a product that makes beach life fun and entertaining. It is a unique and innovative product that allows kids and adults to build sandcastles easily.
Kevin Lane, the founder of Create a Castle, got the idea for his invention while on a beach vacation in California back in 2016.
He watched as a frustrated dad and son’s sand castles kept crumbling. Kevin spent hours building elaborate sand castles and realized it was impossible to build quality sand castles with the standard “fill and flip bucket”.
Create a Castle appeared on Shark Tank Season 14 Episode 3, asking for $350k for a 10% equity at a $3.5 Million Valuation. The sharks were impressed with the product but called out Create a Castle for being a seasonal summer-based product.
However, Kevin came prepared with an answer – the castle-building kits don’t only work on the beach during summertime, they also work in the snow during wintertime. The sharks were very impressed that there were multiple ways to build castles in the sand and snow.
After getting investment from Kendra Scott on Shark Tank, Create A Castle became available on the HSN Online Platform in November 2022.
However, due to the pandemic, Create A Castle could not make any profit but is expected to make $300k profit in 2022. As of March 2023, it is unclear whether Create A Castle is still in business or not.
What Happened To Create A Castle After Shark Tank?
Create a Castle is a company that appeared on Shark Tank Season 14 Episode 3, asking for $350k for a 10% equity at a $3.5 Million Valuation. The product is a castle-building kit for kids that can be used to build sand or snow castles easily and quickly.
The sharks were impressed with the product and Kendra Scott made an offer of $350,000 for 20% equity, which was accepted by the entrepreneurs.
After appearing on Shark Tank, Create a Castle received positive feedback from viewers and experienced a short-term boost in sales.
The company’s products became available on the HSN Online Platform in November 2022. As of March 2023, Create a Castle is still in business and its products can be found on its official website, Amazon, and various stores including Dick’s Sporting Goods.
Is Create A Castle Still In Business?
Yes, Create a Castle is still in business as of November 2022. The company was founded by Kevin and Laurie Lane in 2017 after they designed a range of castle molds that can be opened on the side after being filled with sand or snow.
The molds are extremely durable and can be split apart on their hinge, making construction easy, fun, and detailed. Create A Castle provides a complete castle-building kit that makes construction easy for anyone to build a huge castle using this bucket whether he is an expert or not.
Create A Castle appeared on Shark Tank on October 7, 2022, and got a deal with Kendra Scott. The company has an average review rating of 4.3 from over 540 Amazon reviews and is worth an estimated $2 million as of 2023.
At present, apart from being sold on Create A Castle’s official website and Amazon, the kits can be found in various stores including Dick’s Sporting Goods.
Although the pandemic affected the company’s profitability, the entrepreneur said they would make a profit of $300k in 2022. The net worth of Create a Castle is $0.5 million as of November 2022.
Create A Castle Shark Tank Updates
Create a Castle is a company that appeared on Shark Tank Season 14 Episode 3. The company offers a unique and innovative product that makes beach life fun and entertaining.
The product is a castle-building kit for kids that works on the beach during the summertime and in the snow during the wintertime.
Kevin Lane and Laurie Lane, the entrepreneurs behind Create a Castle, asked for $350,000 for 10% equity at a $3.5 million valuation. Kendra Scott made an offer of $350,000 for 20% equity, which the entrepreneurs accepted.
After the Shark Tank appearance, Create a Castle became available at Sam’s Club retail stores and on the HSN online platform. The company was positively received by viewers and was featured on the TV show ‘Live With Kelly and Ryan’ in 2018.
However, due to the pandemic, the company could not make a profit. The entrepreneurs said they would make a profit of $300,000 in 2022. Similar products like Castle Kits are available in large numbers on Amazon, and kids buy these products just to play.
Create a Castle is a profitable company, and Kendra Scott’s partnership is expected to help with brand building. The company’s patented split mold and the stackable system will forever change the way that sand and snow castles are formed outdoors or indoors.
The company offers a Shark Tank Deluxe Plus Bundle Pack, which includes an extra set of tools and an extra mini backpack. The company’s BuildMaster™ is also available on HSN.
What Is Create A Castle?
Create A Castle is a sandcastle and snow castle building kit that was featured on Shark Tank. The kit includes a patented split mold and stackable system that simplifies the process of building elaborate castles of sand or snow without frustration.
The molds have molded brick designs embedded in them and fill from the top. Instead of wiggling the “bucket” off the sand, there are hinges that let you open them from the side.
The molds split apart, unlike other molds that you fill and flip, and are ultra-durable. The kit also includes a snow and sand tool kit that includes a window cutter, multi-tool, and brick maker.
The concept for Create A Castle came to founder Kevin Lane during a 2016 vacation at Laguna Beach, California, after watching a dad and his young son struggle unsuccessfully to finish their castle. One year later, he opened Create A Castle with his wife and began selling online.
The products are a new twist on the old plastic pail and shovel most people use. Create A Castle has three models: the basic, the mid-size deluxe, and the premium pro kit. The simple kit costs $10, and the pro kit costs $50.
How Does Create A Castle Shark Tank Work?
Create A Castle is a sandcastle-building kit for kids that was founded by Kevin and Laurie Lane in June 2017. The idea for the product came to Kevin after he saw a father-son duo struggling to finish their sandcastle while on vacation in Laguna Beach, California, in 2016.
The kit is a new twist on the old plastic pail and shovel most people use. The “buckets” fill from the top and have molded brick designs embedded in them. Create A Castle won the 2020 Toy Of The Year (TOTY) Award for its creation.
Create A Castle appeared on Shark Tank in season 14, episode 2, seeking $350,000 for 10% equity in their business. The Sharks were impressed with the product and the fact that it could be used to build sandcastles and snowcastles.
Kendra Scott made an offer of $350,000 for 20% equity, which the Lanes accepted. The company has also partnered with Tomy, a Japanese entertainment company, to distribute Create A Castle in Australia.
Create A Castle is a seasonal summer-based product, but the Lanes came prepared with the fact that the kit can also be used in the snow during the wintertime.
The simple kit for Create a Castle costs $10 for customers to purchase, while the pro-kit costs five times more for customers at a price. The Lanes hope to use the investment from Kendra Scott to help them scale their business.
How Has to Create A Castle Grown Since Appearing On Shark Tank?
Create a Castle is a company that appeared on Shark Tank Season 14 Episode 3 and asked for $350k for a 10% equity at a $3.5 Million Valuation. The company offers a unique and innovative product that makes beach life fun and entertaining.
Kids and adults can have fun building sandcastles and snow castles using the company’s kits. The sharks were impressed with the product and Kendra Scott made a deal with the company for $350,000 for 20% equity.
Since appearing on Shark Tank, Create a Castle has experienced tremendous growth and success. The company has secured additional funding and partnerships, leading to an estimated net worth of $0.5 Million.
The founders of Create a Castle, Kevin Lane and Laurie Lane, have a net worth of $1.4 Million as of 2023.
The company has also expanded its product line to include a BuildMaster tactical sensory toy set for kids with 25 pieces including 2.65 lbs reusable Castle Magic Sand, castle casts, building tools, storage case, and play-mat.
Create a Castle is still in business and has continued to grow despite the pandemic. The company has been profitable in the past and is expected to make a profit of $300k in 2022.
The company has also received recognition for its success, with Kevin Lane being named Connecticut Entrepreneur of the Year in the Community Favorite Venture category.
Overall, Create a Castle has experienced significant growth and success since appearing on Shark Tank, expanding its product line, and securing additional funding and partnerships.
Table: Create A Castle Shark Tank Summary
| TOPIC | INFORMATION |
| Company Name | Create A Castle |
| Founders | Kevin Lane and Laurie Lane |
| Founding Year | June 2017 |
| Product | Sand-and-snow castle-building toy line |
| Shark Tank Appearance | Season 14 Episode 3 |
| Shark Tank Pitch | $350k for 10% equity at a $3.5 Million Valuation |
| Shark Tank Offer | $350k for 20% equity from Kendra Scott |
| Net Worth | $1.75 million |
| Review Rating | 4.3/5 from over 540 Amazon reviews |
| Expected Profit in 2022 | $300k |
| Awards | 2020 Toy of the Year (TOTY) Award |
| Availability | Official website, Amazon, Dick’s Sporting Goods |
| Status | Still in business (as of March 2023) |
What Is the Current Valuation Of Create A Castle after Shark Tank?
Create A Castle is a company that appeared on Shark Tank Season 14 Episode 3, asking for $350k for a 10% equity at a $3.5 Million Valuation.
The sharks were impressed with the product but called out Create a Castle for being a seasonal summer-based product. The company got a deal with guest Shark Kendra Scott for $350,000 for 20% equity, giving the company a valuation of $1.75 million.
As of 2023, Create a Castle is worth an estimated $2 million. Since appearing on Shark Tank, Create a Castle has experienced tremendous growth and success.
They have secured additional funding and partnerships, leading to an estimated net worth of $0.5 million. The founders, Kevin and Laurie Lane, have a net worth of $1.4 million as of 2023.
Create a Castle designs mold for creating beautiful sand and snow castles with less effort. The duo designed a range of castle molds that can be opened on the side after you fill them with sand or snow.
They made perfectly shaped little castles and started selling them in 2017. A year later, the startup received over 500 orders after being featured on ABC’s Live with Kelly and Ryan.
In 2020, the product was hailed as Toy of the Year by the Toy Association. This helped the founders get a distribution deal with TOMY Australia.
