Light Film Shark Tank Net Worth 2023
Light Film, also known as Power Decal, appeared on Shark Tank in season 1, episode 15. The founders of Light Film, George Podd, and Rolf Schwartz, were seeking a $100,000 investment in exchange for a 5% stake in their company, putting the valuation at $2 million.
After long negotiations with the Sharks, they acquired $100,000 and limitless financing from one of the Sharks in exchange for a 70% interest in the company. The company was re-branded as PowerDecal after partnering with Daymond John.
What is Light Film? Who Founded Light Film?
The Light Film is a decal for vehicle windows equipped with LED backlighting. It automatically turns on while driving at night and turns off after two minutes when parked. Once installed, it does not require any further action.
Two friends, Rolf Schwartz, and George Podd, collaborated to create the Light Film. They combined their financial and industrial design expertise to develop a light- and motion-sensitive, solar-powered peel-off sticker that can be applied to car windows.
The Light Film was primarily targeted toward young soccer and football fans who wanted to display their support for their favorite teams.
Although Rolf and George had developed the concept, they were not yet ready to license and distribute the product. They had to wait for further development.
As the Light Film was still in the early stages of development, Rolf and George realized that they could not accomplish this on their own. As a result, they entered the “Shark Tank” in search of additional financing, business skills, and contacts to help them license their concept.
Light Film Shark Tank Pitch
Podd and Rolf appeared on Shark Tank seeking a $100,000 investment in exchange for a 5% stake in their company, which valued the company at $2 million.
The Sharks were intrigued by the low valuation and asked about their product, a light-up decal for vehicles, which was in its first generation and needed funding to advance to the next stage of development.
Podd and Rolf had already spent $750,000 on patent filings and legal counsel, and they were seeking funding for distribution, development, and marketing.
Kevin O’Leary believed they would need more money than they had requested and needed a strategic partner with licensing and distribution connections.
Kevin Harrington was concerned that $100,000 would not be enough to cover licensing negotiations, and Barbara Corcoran felt she was the wrong partner and customer. Robert Herjavec believed that money would not get to market without the right partner.
The only Shark was willing to make an offer was Daymond John, who offered $100,000 upfront and limitless funding for future orders and his own license agreements in exchange for a 75% stake in the company. Podd and Rolf countered with a request for $750,000 for a 51% stake in the company.
Robert Herjavec urged Daymond to include him in the deal, and they eventually offered $100,000 for a 70% stake in the company. Podd and Rolf accepted the offer, and the company was renamed “Power Decal.”
Daymond helped secure license agreements with major sports organizations and institutions, and the company expanded to produce LED decals with various themes.
As part of Daymond’s marketing plan, the company was rebranded as Power Decal and made available in Best Buy stores nationwide.
The company anticipated $5-$6 million in sales in its first few quarters of operation and incorporated various technologies, such as Twitter for websites, Facebook SDK, Google Analytics, and Cloudflare CDN. The company is based in Chicago, Illinois, and as of August 2021, it has an annual revenue of more than $1 million.
Light Film Net Worth
George Podd and Rolf Schwartz were asking $100k for a 5% stake in their patented Power Decals putting the valuation at $2 million.
They accepted a deal from Daymond John of $100,000 for 70% investment implying a valuation of $142,857.14.
Light Film Shark Tank Updates
Light Film, also known as Power Decal, is an LED-backlit vehicle window decal that automatically turns on while driving at night and shuts off when the car is parked.
George Podd and Rolf Schwartz appeared on Shark Tank in Season 2 Episode 5, seeking a $100,000 investment in exchange for a 5% equity in Light Film.
The sharks were interested in the product and Daymond John made an offer of $100,000 for 40% equity, which was later negotiated down to 25% equity.
After the show, the company was rebranded as Power Decal and secured licensing arrangements with all major sports leagues in the USA.
As of July 2021, the company is still in business and averages over $1 million in annual revenue. The partners accepted Daymond John’s offer, which is regarded as one of Shark Tank’s most notable success stories.
The newly renamed corporation anticipates sales of $5-$6 million in its first few quarters. Power Decal is present in many stores throughout the country.
Light Film Shark Tank Table Summary:
| TOPIC | SUMMARY |
| Company Name | Light Film, also known as Power Decal |
| Founders | Rolf Schwartz and George Podd |
| Shark Tank Pitch | Seeking $100,000 investment for 5% stake, valuing the company at $2 million. Accepted $100,000 and limitless financing from Daymond John for a 70% interest in the company. The company was rebranded as PowerDecal after partnering with Daymond John. |
| Product | Light Film is a solar-powered, light- and motion-sensitive, peel-off decal for car windows equipped with LED backlighting. It automatically turns on while driving at night and turns off after two minutes when parked. |
| Target Market | Young soccer and football fans |
| Annual Revenue | More than $1 million as of August 2021 |
| Valuation | $2 million before Shark Tank. Accepted Daymond John’s offer of $100,000 for a 70% stake in the company, valuing it at $142,857.14. |
| Updates | After Shark Tank, the company was renamed Power Decal and secured licensing arrangements with all major sports leagues in the USA. As of July 2021, the company is still in business and averages over $1 million in annual revenue. Power Decal is present in many stores throughout the country. |
| Competitors | Power Decal is the only remaining company that can produce these decals in large quantities. |
Light Film Competitors
Power Decal is the only remaining company that can produce these decals in large quantities.
Light Film FAQS
What is Light Film Shark Tank?
Light Film, also known as Power Decal, is a product that was pitched on Shark Tank by entrepreneurs Rolf Schwartz and George Podd.
Light Film is a motion and light-sensitive peel-and-stick decal for car windows that light up at night and shows impressive animations to go with the image.
The decal is powered by a solar power source. The entrepreneurs were seeking a $100,000 investment in return for a 5% equity share in their company.
The Sharks were interested in the product and asked how it worked. The entrepreneurs explained that they were in the first generation of the product and that subsequent versions of Light Film were wireless.
The Sharks were impressed with the product and Daymond John made a deal with the entrepreneurs. After sealing the deal in the Shark Tank, Light Film was rebranded as Power Decal. The company is now present in many stores throughout the country and has been elevated to new heights.
In summary, Light Film is a motion and light-sensitive peel-and-stick decal for car windows that light up at night and shows impressive animations to go with the image.
The product was pitched on Shark Tank by entrepreneurs Rolf Schwartz and George Podd, who were seeking a $100,000 investment in return for a 5% equity share in their company.
The Sharks were impressed with the product and Daymond John made a deal with the entrepreneurs. After sealing the deal in the Shark Tank, Light Film was rebranded as Power Decal and is now present in many stores throughout the country.
How Does Light Film Shark Tank Work?
Light Film is a product that was pitched on Shark Tank by entrepreneurs Rolf Schwartz and George Podd. It is a motion and light-sensitive peel-and-stick decal that can be transferred onto the windows of a car.
The decal lights up from a solar power source and turns on automatically while driving at night via sensor technology. It shuts off after two minutes when parked. The brightness of the decal works great in dark factory-tinted windows.
The decal offers a clean exterior while maximizing visual impact with full color and contrast at night. The installation is easy with quality 3M adhesion material, just peel and stick, no tools required. The decal comes with batteries and window mounting clips set in place.
Rolf and George entered the Shark Tank seeking a $100,000 investment in return for a 5% equity share in their company Light Film LLC. The sharks were interested in the product and asked how the decal works.
The entrepreneurs explained that they were in the first generation with the product. The sharks were concerned about the small size of the stake. Daymond John made a deal with the entrepreneurs and set them up with some licensing.
Since sealing the deal in the Shark Tank, Light Film has been rebranded as Power Decal. The company is still in business and averages over $1 million in annual revenue. The product is present in many stores throughout the country.
What Happened To Light Film after Shark Tank?
Light Film, a motion and light-sensitive peel-and-stick decal for car windows was first pitched to the Sharks in episode 115 of season 1 of Shark Tank. The entrepreneurs, Rolf Schwartz, and George Podd were seeking an investment of $100,000 for 5% of their company.
Daymond John and Robert Herjavec made a deal with the entrepreneurs, and the company was rebranded as “PowerDecal”. Daymond John helped secure licensing arrangements with major sports leagues, teams, and colleges, just as he had promised.
As of July 2021, the company is still in business and averages over $1 million in annual revenue. The company has been successful and is one of Shark Tank’s most successful stories to date. The Sharks took the Light Film LLC Company, which was rebranded as “Powerdecal,” to a whole new level.
Is Light Film Shark Tank Still In Business?
Yes, Light Film (now known as Power Decal) is still in business as of April 2023. The company was featured on Shark Tank in season 3, episode 3, where George Podd and Rolf Schwartz pitched their business to the Sharks.
They were seeking a $100,000 investment in exchange for a 5% equity share in their company. Daymond John and Robert Herjavec made a deal with the entrepreneurs, and the company was rebranded as Power Decal.
Since appearing on Shark Tank, Power Decal has secured licensing deals with major sports leagues, teams, and colleges. The company has expanded its product line to include themes such as military and medicinal.
As of 2022, Power Decal has an average annual revenue of over $1 million. The company has been successful and is still in business, offering its innovative motion and light-sensitive stickers that can be transferred onto the windows of a car.
What Is The Current Valuation Of Light Film After Shark Tank?
Light Film, also known as Power Decal, appeared on Shark Tank in season 1, episode 15. The founders of Light Film, George Podd, and Rolf Schwartz, were seeking a $100,000 investment in exchange for a 5% stake in their company, putting the valuation at $2 million.
The sharks were intrigued by the low valuation and asked about their product, a light-up decal for vehicles, which was in its first generation and needed funding to advance to the next stage of development.
Daymond John and Robert Herjavec made a deal with the founders, offering $100,000 for a 40% stake in the company.
After the show, Light Film LLC was rebranded as Power Decal. The company secured licensing deals with major sports leagues, teams, and colleges, just as Daymond John had promised.
As of 2022, the net worth of Power Decal was around $1 million. The company is still in operation and has an average annual revenue.
What are the Founders of the Power Decal or Light Film Occupation?
Power Decal or Light Film was invented by Co-Founder Rolf Schwartz, who was a financial expert, and George Podd, who was an Industrial Designer.
How can they contact Power Decal or Light Film?
There are several ways to contact the company headquarters including phone, fax, address, and email.
What happened to Light Film after shark tank?
Light Film is featured in a follow-up section in season 2, episode 5, As of August 2021, the company is still in operation and has an average annual revenue of over $1 million.
What exactly is a Power Decal or Light Film?
A Power Decal is a unique LED-backlit emblem for your vehicle’s window.
The device turns on automatically when driving at night using sensor technology and shuts down after 2 minutes when parked; once installed, it never has to be touched again.
Why doesn’t the Power Decal or Light Film light up instantly when they flip the switch to the on position?
The Power Decal is intended to only light up in the dark when driving (detecting vehicle motion).
How does it switch on by itself?
Power Decal uses numerous sensor technologies to detect darkness and subsequently vehicle motion. Only when both requirements are met will the device turn on.
Is it necessary to switch off Power Decal?
No, once parked, Power Decal will automatically turn off after 2 minutes.
How does it switch on by itself?
When the Power Decal detects no movement, it turns off after 2 minutes.
What is the purpose of the blue light on the lower backside of Power Decal?
The blue light is an indicator light; if it is lit, the Power Decal is turned on.
How long do they last?
The batteries can operate continuously for more than 45 hours, which implies that if utilized for 30 minutes every evening, the batteries would last for more than three months.
What type of batteries does Power Decal employ?
The device is powered by three ordinary alkaline AA batteries.
How do they swap out the batteries?
The battery door is on the rear; simply press the tab inward and pull off the battery door.
Why doesn’t their Power Decal turn off after 2 minutes of being parked?
Simply switch between the off and on positions to reset.
What is Rolf Schwartz net worth?
He has a net worth of $1.5 million as of June 2012.
What is George Podd’s net worth?
He has a net worth of $2 million as of June 2012.
