Little Elf Shark Tank Update | Little Elf after Shark Tank

What is Little Elf?

“The Little ELF Gift Wrap Cutter, invented by CEO Bryan Perla at the young age of 23, revolutionizes gift wrapping by simplifying the process of cutting wrapping paper.

Traditional methods such as scissors can be hazardous and never cut straight, but Little ELF eliminates these issues for the first time.

The device addresses the common problem of wrapping paper cutting in a simple and effective way.”

Who is the founder of Little Elf?

Bryan Perla, the founder and CEO of Little ELF Gift Wrap Cutter, created a product that makes gift wrapping easier and safer. He first presented the idea in high school and received positive feedback.

He then further developed the concept and launched it on Kickstarter while a student at Stanford University, raising over $130,000 in 45 days.

The product, which is patent pending, can be purchased as a two-pack for $20.99 and is readily available on Amazon during the holiday season.

However, there are also knock-off versions of the product available.

What Happened to Little Elf at Shark Tank pitch?

In Season 11 Episode 9 of Shark Tank, Bryan Perla presented his idea to investors in order to gain support for his offshore production and patent protection company.

He requested $150,000 in exchange for a 15% stake in the company, which he valued at $1 million.

Kevin O’Leary offered $150,000 for 25% equity, but Mark Cuban, Robert Herjavec, and Barbara Corcoran did not invest.

However, Lori Greiner made an offer of $150,000 for 20% equity, leading to a bidding battle between her and Kevin O’Leary.

Ultimately, Bryan accepted Lori Greiner’s offer of $150,000 for 20% equity shares and left the pitch with a deal.

What Happened to Little Elf after Shark Tank?

Bryan Perla appeared on Shark Tank during Season 11 Episode 9 and secured a deal with Lori Greiner, however the deal ultimately fell through.

Despite this, the company is still active and generating yearly sales of $900,000 as of November 2021.

It is likely that Lori Greiner withdrew her offer due to the high number of similar products available in the market.

Competitors of Little Elf

The top competitors of Little Elf include Birchbox, Milk Makeup, Korres and Bioera.

Net Worth of Little Elf

The company was valued at $1 million during the pitch; in 2021 the company net worth is estimated at $1 million.

Little Elf FAQs

What is Little Elf?

Little ELF is the first wrapping paper cutter, allowing consumers to cut wrapping paper without a headache for the first time. Scissors are hazardous, and they never cut straight. Little ELF simplifies one’s life.

Who is the founder?

Bryan Perla, the founder and CEO of Little ELF Gift Wrap Cutter, is 23 years old. Bryan created Little ELF to alleviate the vexing problem of gift wrapping.

How much was asking on Shark Tank?

Bryan Perla asked $150,000 for a 15% stake in his company with a $1 million dollar value.

Did he get the deal?

Yes, he got the deal from Lori Greiner.

How much was the deal?

Lori Greiner offered $150,000 for 20% equity in the company but they never completed the deal.

Is Little Elf still in business?

Yes, Little Elf is still in business.

How much was the annual revenue of Little Elf?

The annual revenue of Little Elf is about $900,000 as of November 2021.

Where can I buy Little Elf?

One can buy Little Elf on the website www.littleelfproducts.com, and also on amazon.com

What is the net worth of Little Elf?

The net worth of Little Elf is about $1 million as of November 2021.

How was Little Elf funded?

The Little Elf was funded through a Kickstarter campaign in 2018.

How much funding has Little Elf raised?

Little Elf has raised $130,000 in a Kickstarter campaign in 2018.

How do I contact Little Elf?

One can contact Little Elf through Email: support@littleelfproducts.com

How many employees does Little Elf have?

Little ELF has over 20 employees as of November 2021.

When was the company incorporated?

The company was incorporated in 2010.

Who are the competitors?

The top competitors of Little Elf include Birchbox, Milk Makeup, Korres and Bioera.

How do I pay for Little Elf?

One can pay for Little Elf via Amazon or PayPal.

What is the delivery time?

The delivery time is 2–3 business days.

What is the shipping cost?

The shipping cost is $4.95 for Amazon Prime Members and $9.95 for regular customers.

What are the strengths of Little Elf?

The strengths of Little Elf are 1) The safety of the product, and 2) The easy-to-use design.

What are the weaknesses of Little Elf?

The weakness of Little Elf is they don’t have a major distribution network as of November 2021.

Would I recommend Little Elf?

Yes, it is the safest place to cut wrapping paper! This product has made people’s lives so much easier and safer.

What are the Little Elf marketing strategies?

Little Elf uses social media, organic and organic search to promote their product.

What is Little Elf’s pricing strategy?

Little Elf has the same pricing strategy across all their products.

How does Little Elf make money?

Little ELF makes money as an affiliate for its users by selling retail products on Amazon and other distributors like Walmart.com.

Is Little Elf safe to buy online?

They always recommend that the verification of prices and information before placing an order.

Is Little Elf shipping?

Little Elf has a strict no-return policy and they don’t ship internationally as of November 2021.

Has Little Elf ever been on TV?

Little Elf has appeared on Shark Tank in season 11 episode 9, which is one of the most popular shows in the world.

In which countries is Little Elf sold?

Little Elf sells their products in the United States only as of October 2021.

What is Little Elf policy?

Little Elf accepts returns for damaged products only as of November 2021.

What is the return policy?

Little Elf returns are allowed with a receipt and within 30 days of purchase only.

Can i cancel Little Elf order?

Yes, customers can cancel their order within 30 days of purchase with a receipt.

Does Little Elf work?

Yes, it works by offering affordable products and services that improve the lives of those who use them.

 What is the net worth of Bryan Perla?

The net worth of Bryan Perla is estimated at $1 million as of November 2021.