I Want to Draw a Cat For You Shark Tank Net Worth 2023
During a pitch, the valuation of the “I Want to Draw a Cat” company was $40,000. After receiving an investment from Mark Cuban, the company’s value increased to $75,758. The company is still operating and it is possible that its net worth has increased further since the investment.
What is I Want to Draw a Cat For You? Who is the founder of I Want to Draw a Cat For You?
I Want to Draw a Cat For You is a website that specializes in creating fun and imaginative sketches of cats in various poses and situations.
Their pre-drawn designs are available for purchase, ranging from birthday party themes to special events.
Additionally, they offer custom-made designs that are hand-colored, numbered, and signed by the founder, Steve Gadlin. These unique designs can be used for a variety of purposes, including birthday cards.
Steve Gadlin is the inventor and primary designer of I Want to Draw a Cat For You. He is a web designer, comedian, writer, and host of the weekly interview program, Talkin’ Funny, which can be found on YouTube.
Gadlin came up with the concept for the company one night while brainstorming ideas for a commercial brand with a following.
He created a family-friendly stick-like cat figurine engaged in various activities and hoped to create a buzz and a market for them, much like a newspaper cartoonist with a following.
Gadlin finds inspiration for his inventions in unlikely places, such as the restroom. Despite the basic concept, he is passionate and confident in his unique market, believing that people will purchase his artwork.
I Want to Draw a Cat For You Shark Tank Pitch
Steve Gadlin appeared on Shark Tank in episode 307 to pitch his idea, I Want to Draw a Cat For You, to the Sharks.
Despite the concept being far-fetched, he managed to convince them to partner with him and help expand his business. Gadlin requested a $10,000 investment for a 25% stake in his $40,000 company.
During his pitch, Gadlin performed a musical presentation of his cat-drawing company, complete with dance routines that impressed Mark Cuban.
He explained that customers could describe a cat and a setting, and he would draw it for around $10. He could draw around 1,000 cats each week, and in the first year, he sold 1,200 drawings, making over $9,000.
While Kevin O’Leary and Robert Herjavec decided not to invest, Mark Cuban offered $25,000 for a 33% stake in the company, which Gadlin accepted. The deal was finalized after the show aired.
Since launching his website, Gadlin has created over 18,794 personalized cat drawings for clients and has expanded to offer cat t-shirts and other products.
In January 2015, he announced that he would be stopping the cat-drawing business to focus on his new television show, Steve Gadlin Star Makers.
However, Gadlin continued to draw cats for fans who requested them on his website and social media. In June 2021, he re-launched his business and has since drawn over 21,000 cats for $9.95 each.
He also launched a Kickstarter campaign in September 2021 for The Fart Pedal, a guitar pedal that turns sound into fart sounds.
As of January 2022, Gadlin is still in business and plans to draw one cat per day in 2022 for $10 each, with the proceeds being donated to a non-profit or artist to support their projects. He encourages people to book a date and support creativity in the coming years.
Table: I Want to Draw a Cat For You Shark Tank
| ASPECT | INFORMATION |
| Company Name | I Want to Draw a Cat For You |
| Founder | Steve Gadlin |
| Business | Custom drawings of stick figure cats |
| Valuation during Shark Tank pitch | $40,000 |
| Investment from Mark Cuban | $25,000 for 33% stake |
| Post-investment valuation | $75,758 |
| Net Worth (2023) | Undisclosed (might have increased since the investment) |
| Business Status | Still operating (as of 2023) |
| Total personalized cat drawings made | Over 21,000 |
| Cat drawing cost | $9.95 |
| New business venture | The Fart Pedal |
| Charitable initiative | Drawing one cat per day in 2022 for $10 each; proceeds go to a non-profit or artist |
Note: Information updated as of 2023.
Net Worth of I Want to Draw a Cat For You
The company valuation was $40,000 during the pitch, after the investment done by Mark Cuban the company worth $75, 758. Since then the company still operating and hence the company net worth might has increased.
I Want To Draw A Cat For You Shark Tank Updates
Steve Gadlin appeared on Shark Tank in season 3 with his business idea, I Want to Draw a Cat For You. He was seeking a $10,000 investment for 25% of his business.
During his pitch, he gave a musical presentation of his cat-drawing business, complete with dance moves that even got Mark Cuban dancing along in his seat. Steve received a $25,000 investment from Mark Cuban for 33% of his business, which had the highest markup in the history of Shark Tank.
After his appearance on Shark Tank, Steve received thousands of email order requests for his cat drawings.
Steve later closed down his business after drawing 18,794 cats. However, he later reopened the business and is now taking new orders for $29.95 per drawing. He seems to be limiting customers to one drawing per day due to high demand.
I Want to Draw a Cat For You FAQs
What Is I Want To Draw A Cat For Youshark Tank?
I Want to Draw a Cat For You is an online business owned by Steve Gadlin where customers can purchase custom drawings of stick figure cats that Gadlin draws to the customer’s specifications.
Gadlin first came up with the idea as a joke, with the goal of seeing if he could construct a successful business using only a widget. The business started in 2011, and originally, its website consisted of only an embedded YouTube video and a PayPal button.
The business became well known after Gadlin appeared on Shark Tank (season three, episode two) to promote it, and, on the show, persuaded Mark Cuban to invest $25,000 in the idea.
In his Shark Tank pitch, Gadlin sought a $10,000 investment for 25% of his business. He gave the Sharks a musical presentation of his cat-drawing business, complete with dance moves that even got Mark Cuban dancing along in his seat.
After his Shark Tank appearance, Steve received thousands of email order requests for his I Want to Draw a Cat For You drawings. In 2022, Gadlin announced that he would be drawing one cat per day and selling the drawings on his website.
How Does I Want To Draw A Cat For You Shark Tank Works?
I Want to Draw a Cat For You is a business idea pitched by Steve Gadlin in episode 307 of Shark Tank. Gadlin’s idea was to draw custom-made, crude stick figures of cats for customers based on their descriptions for $9.95 each.
Gadlin believed that his idea was unique and that people would buy his drawings. During his pitch, Gadlin gave a musical presentation of his cat-drawing business, complete with dance moves that even got Mark Cuban dancing along in his seat.
Mark Cuban invested $25,000 for a 33% share of the company, which was more than Gadlin was asking for. After becoming famous on Shark Tank, Gadlin closed down “I Want to Draw a Cat For You” after drawing 18,794 cats.
However, he later reopened the business and seems to be limiting customers to one per day. Gadlin is a developer who likes to work on silly projects, and he has made TV appearances other than Shark Tank.
What Happened To I Want To Draw A Cat For You After Shark Tank?
Steve Gadlin appeared on Shark Tank in 2012 with his business idea, I Want to Draw a Cat For You[3]. Mark Cuban invested in the business, and after the show, Steve received thousands of email order requests for his cat drawings.
However, in 2015, Steve announced that he was closing his cat-drawing business to focus on his new television show, Steve Gadlin’s Star Makers.
Steve Gadlin decided to shut down I Want to Draw a Cat For You. It is unclear why he made this decision, but it is possible that he wanted to focus on his new television show.
Despite the closure of his cat-drawing business, Steve Gadlin’s appearance on Shark Tank and his unique business idea made an impression on viewers.
What Is The Current Valuation Of I Want To Draw A Cat For You Shark Tank?
The current valuation of I Want to Draw a Cat For You Shark Tank is estimated to be around $200,000 to $250,000. Steve Gadlin, the founder of the business, appeared on Shark Tank during Season 3 and received a $25,000 investment from Mark Cuban for 33% of the customized product.
The business sells stick figure drawings of cats, which are hand-made with a pencil and sketch and take as long as 1 hour to make 25 drawings, for which they charged $9.95 for each of them.
After appearing on Shark Tank, the company’s valuation grew from $76,000 to approximately $250,000, almost 2.5 times the valuation at the time of the show.
However, the business faced some challenges and closed down after 18,794 cat drawings. Steve Gadlin later reopened the business and seems to be limiting customers to one per day.
It is worth noting that Mark Cuban, who invested in I Want to Draw a Cat For You Shark Tank, has also started drawing cats himself and selling them for a significant markup by the company, $1,000 compared with the original price tag of $9.95.
Is I Want To Draw A Cat For You Shark Tank Still In Business?
Yes, I Want to Draw a Cat For You is still in business. Steve Gadlin, the creator of the business, closed it down after becoming famous on Shark Tank during Season 3. However, he later reopened the business and is now officially taking new orders for $29.95 per drawing.
Gadlin limited customers to one per day, hoping that the demand might not be as high for his drawings with an inflated price so he could keep up with demand, but that doesn’t seem to be the case.
In January 2015, Gadlin announced that he was closing his cat-drawing business in favor of focusing on his new television show, Steve Gadlin’s Star Makers. However, it seems that he has since reopened the business and is still taking orders for customized cat drawings.
What is I Want to Draw a Cat For You?
It’s a creative firm that offers cats in many different settings and frames, designed to be personalized by the customer.
Who is the founder?
Steve Gadlin is the founder of this creative firm.
How much was seeking on Shark Tank?
Steve was seeking for $10,000 for 25% stake in the company.
Who invested in I Want to Draw a Cat For You?
Mark Cuban was the first investor of this creative firm.
How much was the deal?
Mark Cuban invested $25,000 for 33% equity shares that is more than what Steve was seeking on Shark Tank.
Is I Want to Draw a Cat For You still in business?
Yes, the company still in business. Steve is still drawing cats for customers and has built a strong clientele, who continue to happily pay for his work.
Where is the I Want to Draw a Cat For You office located?
It’s located in Chicago, Illinois.
What episode is I Want to Draw a Cat For You?
In episode 307, Steve Gadlin pitches his idea, I Want to Draw a Cat For You, to the Shark Tank.
Is I Want to Draw a Cat For You shipping?
Steve Gadlin’s firm offers cat drawings on their site, they are not shipping anywhere.
What is the price of I Want to Draw a Cat For You?
The price of I Want to Draw a Cat For You is $10 and this includes shipping. This price includes drawing of cat(s) with personalized message in any size and frame.
How long does it take for I Want to Draw a Cat For You?
Steve Gadlin offers time slots for his creative service; one can book their drawing time slot.
How do I pay for I Want to Draw a Cat For You?
Customers can pay with PayPal or credit card on the official website.
What is artist Steve Gadlin’s role?
Steve Gadlin draws custom pet portraits in any style they choose. He has many different pet portrait styles and they can choose a style that best suits their taste.
What is the net worth of Steve Gadlin?
Steve Gadlin net worth is $100,000.
