Face Blok Shark Tank Net Worth 2023
Irina Blok, an entrepreneur with a net worth of $5 million, entered the Shark Tank to seek a $50,000 investment in return for a 30% stake in her firm.
This implied that the business had a valuation of approximately $166,666.66. As of July 2021, Irina has remained active online and she continues to build her empire.
Her vision and perseverance have enabled her to become a successful entrepreneur and remain active in the ever-growing market.
What is Face Blok?
The Face Blok brand offers fashion surgical masks for individuals who possess a unique sense of humor and desire to express themselves. Irina Blok is the founder of this business, and she comes from a family with a background in engineering.
At 18 years old, she moved to the United States with the goal of becoming a designer. She began her career at Landor Associates, where she designed for numerous companies including FedEx, Apple, Yahoo, and Adobe.
During the outbreak of the swine flu, Blok recognized the need for surgical masks but felt that a more playful approach was necessary.
She believed that a designer’s perspective on medical equipment could bring some levity to challenging circumstances, allowing both patients and doctors to find moments of positivity during difficult times.
What happen to Face Blok at the Shark Tank Pitch?
Blok arrives at the Shark Tank wearing a white mask bearing the word “oink,” a design of her own making. She presents her business proposal seeking a $50,000 investment in exchange for a 30% stake in her company, which would give it a valuation of $166,666.66.
Blok showcases several mannequins adorned with her masks, including one with a stylized skull that doesn’t seem to bother Barbara Corcoran. She hands out masks to each of the Sharks.
Kevin O’Leary brings the focus back to Blok’s interest and orders. She reveals that her website received over 700,000 hits after her masks were featured in Fox and the Sydney Morning Herald, and she was contacted by a large pediatric hospital. However, her sales were disappointing, with only 200 Face Blok masks sold.
Kevin O’Leary and Robert Herjavec criticize Blok’s lack of a real business and sales, with O’Leary describing her product as a “novelty item.”
Corcoran finds the masks “freaky” and exits, while Kevin Harrington rejects the investment opportunity, calling the masks a “novelty item, not a serious thing.” Daymond John agrees with Harrington and also declines to invest.
Herjavec advises Blok to pursue her concept as a “side career” and ultimately declines to invest. O’Leary acknowledges the “interesting notion” behind the masks but deems it not worth investing in. Consequently, Blok leaves the Shark Tank without securing an agreement with any of the Sharks.
Face Blok after Shark Tank Pitch
The Face Blok masks gained some attention during the swine flu crisis, but the Sharks were doubtful that they could sustain sales for long enough to make a profit.
Despite the possibility of selling the masks to children’s hospitals, the Sharks were not interested in investing, as they did not see any financial potential in the product.
Although Blok’s proposal for the masks was rejected, she was permitted to showcase them on her website as part of her design portfolio. Since then, she has pursued other creative projects such as creating logos and other graphic art. Eventually, Blok decided to discontinue her mask product.
Face Blok Net Worth
Irina Blok enters Shark Tank looking for a $50,000 investment in return for a 30% stake in her firm. This implies a valuation of @166,666.66 of the Company.
Face Blok Competitor?
Face Blok didn’t have major competitor.
Face Blok FAQS
What became of Irina Blok?
After the Shark Tank, Blok just returned to Google, where she now works as a product-design lead at Google Research.
Irina Blok appeared on which episode of Shark Tank?
Irina Blok appeared on Episode 5 of Season 1.
When was Face Blok started and by whom?
Face Blok was started in 2009 by Irina Blok, who grew up in Russia and worked for Landor Associates before moving to the US.
How much does Face Blok sell for?
Face Blok sells for $12.00 each on its website.
Each mask is embroidered with the company’s logo and is made of various materials including metal, plastic and resin.
It has a ventilation system to block out odours and prevents skin irritation.
Who is Face Blok Shark Tank contestant?
The show featured Irina Blok.
Where can they find Irina Blok?
She works full-time at Google Research in Silicon Valley.
When was Face Blok aired on Shark Tank?
The episode aired on June 9, 2009.
What is net worth of Face Blok?
Irina Blok was seeking for $50k for 30% share of the business, which brings the valuation of the company to be $166,666.66.
What Irina Blok net worth?
Irina Blok has an estimated net worth is $5 million.
What was business model?
The business model is to sell Face Blok to hospitals, clinics and other medical equipment suppliers.
What is the most money that Face Blok ever made on Shark Tank?
On Shark Tank, it didn’t make any money. It was rejected by all the Sharks.
What is the history of Face Blok?
She moved to the United States when she was 18 years old to pursue her goal of becoming a designer.
She began her career at Landor Associates, where she worked on designs for companies such as FedEx, Apple, Yahoo, and Adobe, among others.
What did Robert Herjavec advises Irina Blok at the Shark Tank?
Robert Herjavec tells her to keep going with her idea, but as a “side job.
Where is Face Blok located?
Face Blok was located in New York City, United States.
What is the revenue of Face Blok?
Face Blok didn’t have any revenue.
What exactly Face Blok after Shark Tank?
The Face Blok masks had a brief burst of publicity as a result of the swine flu crisis, but the Sharks were skeptical that they could retain interest and sales long enough to generate a profit.
Even the prospect of sales to paediatric wards isn’t enough to pique the Sharks’ curiosity.
