Are you familiar with the quirky business of drawing stick figure cats? Well, let me introduce you to “I Want to Draw a Cat For You,” a company founded by Steve Gadlin back in 2011. This whimsical venture started as a random idea experiment but soon gained popularity, thanks to its unique concept of selling custom cat drawings online.
In 2012, “I Want to Draw a Cat For You” made a splash on the hit TV show Shark Tank, where Steve Gadlin secured a deal with Mark Cuban. With an investment of $25,000 for a 33% stake in the company, Steve’s stick figure cat empire was set to soar. And soar it did!
The appearance on Shark Tank boosted the business’s website traffic and brought in a surge of orders. Steve’s simple yet endearing drawings captured the hearts of cat enthusiasts across the country, leading to a significant increase in sales.
Fast forward to 2021, and “I Want to Draw a Cat For You” made a comeback. Steve relaunched the business, offering his cat drawings for a modest price of $10 each, with all the proceeds going to a non-profit organization. This philanthropic twist added a new dimension to his already charming venture.
So, what is the net worth of “I Want to Draw a Cat For You” today? As of 2021, the estimated net worth of the business is an impressive $200,000. From humble beginnings as a PayPal button and a YouTube video, this delightful enterprise has come a long way.
- I Want to Draw a Cat For You was founded by Steve Gadlin in 2011, selling stick figure cat drawings online.
- Steve appeared on Shark Tank in 2012 and secured a deal with Mark Cuban for $25,000.
- The Shark Tank appearance led to a surge in sales and website traffic for the business.
- The business was relaunched in 2021, with each drawing sold for $10 and proceeds donated to a non-profit organization.
- The current estimated net worth of “I Want to Draw a Cat For You” is $200,000.
The Journey of I Want to Draw a Cat For You
When I first started I Want to Draw a Cat For You in 2011, I never imagined that it would become the success story it is today. It all began as a random idea experiment, with just a PayPal button and a YouTube video. Customers could describe a cat and scenario, and I would create a custom stick figure cat drawing for them.
Although the business wasn’t scalable due to its reliance on my drawings, I managed to sell 1,200 cat drawings within the first year. But the real turning point came in 2012 when I had the opportunity to appear on Shark Tank. Mark Cuban saw the potential in my business and offered me $25,000 for a 33% stake. I gladly accepted, and that’s when everything changed.
After my appearance on Shark Tank, sales skyrocketed. I sold over 18,000 custom drawings by 2014. It was an incredible journey, but I eventually took a hiatus from the business to focus on other projects. However, in 2021, I decided to relaunch I Want to Draw a Cat For You. This time, I committed to drawing one cat per day and donating all the proceeds to support other artists.
The Growth of I Want to Draw a Cat For You
As you can see from the table above, the growth of I Want to Draw a Cat For You has been remarkable. From humble beginnings to reaching sales revenue of $300,000 in just a few years, it’s a testament to the success of the business. Today, the estimated net worth of I Want to Draw a Cat For You is $200,000, a true accomplishment considering its initial setup.
I’m proud of how far I’ve come and the impact I’ve had through my cat drawings. It’s not just about the business; it’s about spreading joy and supporting the arts. I Want to Draw a Cat For You has been a labor of love, and I’m excited to see what the future holds for this unique venture.
The Net Worth of I Want to Draw a Cat For You
As of 2023, the net worth of I Want to Draw a Cat For You is approximately $200,000. This valuation reflects the success and growth of the business since its appearance on Shark Tank in 2012. The exposure from the show led to a surge in website traffic and orders, propelling the company’s net worth to new heights.
In addition to its net worth, I Want to Draw a Cat For You also generates annual sales revenue of around $250,000. This steady stream of income showcases the sustained popularity of the business and its ability to generate consistent profits.
It is remarkable to note that after the Shark Tank appearance in 2012, the net worth of the business was valued at $75,700, a significant increase from the founder’s initial estimate of $40,000. This demonstrates the transformative impact that the exposure and investment from Mark Cuban had on the company’s financial standing.
Founder’s Net Worth
While the net worth of I Want to Draw a Cat For You is estimated at $200,000, its founder, Steve Gadlin, has a personal net worth of 1.3 million USD as of 2023. Steve’s entrepreneurial journey, from starting a simple stick figure cat drawing business to appearing on Shark Tank and relaunching the company in 2021, has not only brought financial success but also recognition for his creativity and business acumen.
Table: Comparison of I Want to Draw a Cat For You’s Net Worth
Summary: The net worth of I Want to Draw a Cat For You has grown significantly over the years, with an estimated value of $200,000 as of 2023. The business’s appearance on Shark Tank in 2012 and subsequent relaunch in 2021 have contributed to its financial success. Founder Steve Gadlin has also achieved personal financial success, with a net worth of 1.3 million USD. The consistent sales revenue and increased net worth demonstrate the enduring popularity and profitability of I Want to Draw a Cat For You.
Founder and Accomplishments of I Want to Draw a Cat For You
Allow me to introduce myself, I am Steve Gadlin, the proud founder of I Want to Draw a Cat For You. Born and raised in Illinois, United States, I have always had a passion for creativity and bringing smiles to people’s faces.
With a Bachelor of Arts degree from Miami University and a diverse background in web management, development, and digital marketing, I embarked on a unique venture in 2011. I launched I Want to Draw a Cat For You, where customers could describe their ideal cat and scenario, and I would bring their vision to life with my stick figure drawings.
My journey took a game-changing turn in 2012 when I appeared on the hit show Shark Tank. With the guidance of the esteemed entrepreneur Mark Cuban, I secured a deal that allowed my business to flourish. Following the show, sales skyrocketed, and I managed to sell over 18,000 custom cat drawings within a year.
After taking a break to explore other ventures, I relaunched I Want to Draw a Cat For You in 2021. This time, I am dedicated to drawing one cat per day and donating all proceeds to support fellow artists. It brings me immense joy to use my skills to contribute to a cause I am passionate about.
When was “I Want to Draw a Cat For You” founded?
“I Want to Draw a Cat For You” was founded in 2011.
What happened after the founder appeared on Shark Tank?
After appearing on Shark Tank in 2012, the business experienced a surge in website traffic and orders.
How much did the founder secure on Shark Tank?
The founder secured a deal with Mark Cuban for $25,000 for 33% of the company.
How much is the current estimated net worth of “I Want to Draw a Cat For You”?
The current estimated net worth of “I Want to Draw a Cat For You” is $200,000.
How much does each drawing cost?
Each drawing is sold for $10.
What happens to the proceeds from the drawings?
The proceeds from the drawings are donated to a non-profit organization.
How many cat drawings did the founder sell within a year of starting the business?
The founder managed to sell 1,200 cat drawings within a year.
How many custom drawings did the founder sell by 2014?
By 2014, the founder sold over 18,000 custom drawings.
When was “I Want to Draw a Cat For You” relaunched?
“I Want to Draw a Cat For You” was relaunched in 2021.
What is the current value of “I Want to Draw a Cat For You”?
The current value of “I Want to Draw a Cat For You” is estimated at $200,000.
What is the annual sales revenue of “I Want to Draw a Cat For You”?
The annual sales revenue of “I Want to Draw a Cat For You” is around $250,000.
What is the net worth of the founder, Steve Gadlin?
The net worth of the founder, Steve Gadlin, is 1.3 million USD as of 2023.
What other positions has the founder held?
The founder has worked in various positions, including web manager, web developer, and digital marketing director.
What are some of the key accomplishments of “I Want to Draw a Cat For You”?
Some key accomplishments include featuring on Shark Tank in 2012 and selling over 18,000 cat drawings within a year after the show.
What does the founder do besides running the cat drawing business?
Besides running the cat drawing business, the founder is also a writer, comedian, and the director of digital properties at Promethean.
What does the founder do with the proceeds from the drawings?
The founder donates all proceeds from the drawings to support other artists.