Love Is Project Shark Tank Net Worth 2023

Chrissie and Gladys, the founders of Love Is Project, appeared on Shark Tank’s season 12 episode 10 seeking $250,000 in exchange for a 5% stake in their company. This equates to a valuation of $5 million — a figure that is evidently higher than their current net worth of $5 million due to their business growth since the show.

Love Is Project is a company that appeared on Shark Tank in search of $250,000 for a 5% stake in their company.

Love Is Project is a retail apparel and fashion startup that was founded in 2014 by Chrissie Lam and Gladys Lam. The company works mostly with women from Kenya, Indonesia, and Ecuador to make bracelets using traditional methods and materials that reference their unique cultures of origin but have a universal appeal.

Love Is Project appeared on Shark Tank in season 12 episode 10 seeking $250,000 for a 5% stake in their company, which valued their company at $5 million. However, they did not get any deal from the Sharks.

Despite not getting a deal on Shark Tank, Love Is Project has continued to grow. The current net worth of Love Is Project is estimated at $5 million.  The company generated sales of $3 million in 2021 and had sales of $4 million in 2017 before appearing on Shark Tank.

As of 2022, the founders Chrissie and Gladys Lam have a net worth of $4 million.

Love Is Project plans to expand its product offerings by offering a quarterly subscription service. They also partner with crafters through local community projects and non-profits to create, produce, and manage quality control for their collections overall

What is Love Is Project?

Love is Project is a company that specializes in creating beautifully crafted bracelets that promote the message of love. These bracelets are made with high-quality beads that have been carefully fashioned into lovely accessories.

The Love is Project bracelets are available in a range of gorgeous colors, and each one is imbued with the powerful word “love” to help individuals thrive in a harsh environment.

The founder of Love is Project is Chrissie Lam, who holds a BFA in Fashion Design from the Parsons School of Design. Chrissie spent 12 years working as a Concept Designer-Trend Forecaster for American Eagle and Abercrombie & Fitch in New York City before leaving her corporate job to focus on the Love is Project.

During her travels, Chrissie visited Kenya and met a group of women who were creating beautiful beaded goods. Inspired by their craftsmanship, she envisioned using their beads to create bracelets that radiated love and understanding.

The Love is Project bracelets have successfully spread the message of love around the world and have become a beloved accessory for many.

Since its inception, the Love is Project has grown to include necklaces, pet collars, and a variety of other beaded products. The company has provided work opportunities for artisans and bracelet dealers, with more than 2000 women from ten different nations now creating Love Is Project bracelets.

However, like any business, Love is Project has faced challenges, particularly financial difficulties as it expanded, leading to debt. Nonetheless, the company continues to promote the message of love through its beautiful and meaningful products.

What Happened to Love Is Project at the Shark Tank Pitch?

Chrissie and Gladys appeared on an episode of Shark Tank in the twelfth season to seek funding of $250,000 for a 5% stake in their company, which is valued their company at $5 million. Chrissie discussed their company and provided product samples. She explained that the funds were required to expand their merchandise and internet presence.

Although the Sharks appreciated the company’s impressive $4 million in lifetime sales, they were not impressed with the debt the company had accumulated. In the end, the Sharks were uncertain if the company was a charity or a business, and none of them offered a deal. As a result, Chrissie and Gladys left without a contract.

Despite this setback, Love Is Project is still in operation and has garnered support from several high-profile celebrities. Chrissie has invested thousands of dollars in her supply chain and digital marketing, and as of July 2021, the company’s sales had more than doubled from the previous year to reach $3 million in revenue.

What is the Net Worth of Love Is Project?

Chrissie and Gladys appeared on Shark Tank season 12 episode 10 in search of $250,000 for a 5% stake in their company. This equates to a $5 million valuation. The current valuation is evidently higher since the Company has grown.

Love Is Project Shark Tank Updates

Love Is Project is a for-profit social enterprise that creates handmade bracelets reminding people to love others. The company was founded in 2014 by Chrissie Lam and Gladys Lam, and it provides jobs for women in third-world countries.

More than 2000 women from ten countries make Love Is Project bracelets, and sales to date are over $4 million. The company has partnered with American Eagle Outfitters and Whole Foods.

Love Is Project appeared on Shark Tank Season 12 Episode 10 and asked for $250,000 for 5% equity.

The Sharks liked the company’s $4 million in lifetime sales but did not like its debt. The Sharks ultimately did not invest in the company, as they had trouble figuring out if the business was a charity or a business.

Despite not getting a deal on Shark Tank, Love Is Project is still in business and has been consistently seeking out and creating new opportunities. The company is planning to offer a quarterly subscription and expand its product offerings.

Love Is Project has collaborated with Lovepop Cards to create a special product for Mother’s Day 2021. The company is still committed to spreading love and enabling economic opportunities for women in third-world countries.

Summary Table: Love Is Project Shark Tank Net Worth 2023

INFORMATION	SUMMARY
Company Name:	Love Is Project
Founders:	Chrissie Lam and Gladys Lam
Year of Establishment:	2014
Company Specialization:	Retail apparel and fashion startup
Product:	Handmade bracelets and other beaded products
Target Market:	Individuals who believe in spreading love
Investment Pitched in Shark Tank:	$250,000 for a 5% stake in the company
Valuation:	$5 million
Sales in 2021:	$3 million
Net worth:	$5 million
Founder’s net worth (2022):	$4 million
Shark Tank Outcome:	No deal
Expansion Plan:	Offering a quarterly subscription and expanding product offerings
Partnerships:	American Eagle Outfitters and Whole Foods

Love Is Project FAQS

What Is Love Is Project, Founder, And How Does Love Is Project Work?

Love Is Project is a retail apparel and fashion startup founded by Chrissie Lam in 2014. Chrissie left her job in corporate fashion and moved to Kenya in 2012, where she met a group of women in the Maasai tribe who made vibrant, high-quality, and gorgeous beaded items.

She worked with these artisans to design a bracelet emblazoned with one powerful word: LOVE.

With each bracelet sold, Love Is Project empowers thousands of female artisans in developing countries around the world through fair wages, healthcare, education, and more, paving the way to a positive future ahead.

Love Is Project has created over 2000 jobs for female artisans in 10 countries and generated $10+ million in sales since its launch as an e-commerce business.

Chrissie Lam is the founder and CEO of Love Is Project. She worked in concept design for 12 years before founding Love Is Project, for brands like Abercrombie & Fitch and American Eagle.

Chrissie and her mother, Gladys Lam, singlehandedly run the organization full-time. Love Is Project is a handmade beautiful craft product manufacturing company, whose slogan is to spread love.

The company sells handmade products like bracelets from the culture of different country tribes all over the world on its website. Love Is Project has started to spread harmony and love all over the world through its handmade products.

How Much Was Love Is Project Seeking In The Shark Tank?

Love Is Project appeared on Shark Tank Season 12, seeking $250,000 in exchange for a 5% stake in their company, which valued their company at $5 million.

The company creates handmade bracelets reminding people to love others and provides jobs for women in third-world countries making these bracelets.

Despite managing to amass over $4 million in lifetime sales, the company’s $25 customer acquisition cost was a big barrier for a lot of the sharks. Furthermore, the project had lost $80,000 over the last 12 months and owes around $500,000 in small business loans.

Unfortunately, Love Is Project did not get any deal from the Sharks. Despite not getting a deal on Shark Tank, Love Is Project has continued to grow.

The current net worth of Love Is Project is estimated at $5 million. The company generated sales of $3 million in 2021 and had sales of $4 million in 2017 before appearing on Shark Tank.

Did Love Is Project Get the Deal from the Sharks?

Love Is Project appeared on Shark Tank Season 12 Episode 10 and asked for $250,000 in exchange for 5% equity in their company. The company creates handmade bracelets that provide jobs for women in third-world countries and remind people to love their neighbors.

Despite managing to amass over $4 million in lifetime sales, the company’s $25 customer acquisition cost was a big barrier for many of the sharks. Furthermore, the project had lost $80,000 over the last 12 months and owed around $500,000 in small business loans.

Alex Rodriguez said that he supported the mission of the business but could not invest None of the sharks made an offer, and Love Is Project did not get a deal on Shark Tank.

However, Chrissie Lam, the founder of Love Is Project, said that the experience made her and the business stronger. She also expressed excitement about the potential for all of the sharks to invest in Love Is Project as they prepped for the show.

In summary, Love Is Project did not get a deal from the Sharks on Shark Tank Season 12 Episode 10.

What Happened Love Is Project After Shark Tank?

Love Is Project is a jewelry business with a social mission that appeared on Shark Tank in season 12, episode 10. The founders, Chrissie and Gladys Lam asked for $250,000 in exchange for 5% equity in their company However, they did not receive a deal from any of the Sharks.

Despite not receiving a deal, Love Is Project is still in business and has many celebrity endorsements. Chrissie claims to have invested thousands in her supply chain and has turned the corner with her digital marketing.

As of July 2021, the company doubled its previous year’s sales to $3 million in revenue. Love Is Project has been donating to different charity programs and has provided jobs for women in third-world countries making handmade bracelets reminding people to love their neighbor.

The Sharks were concerned about the company’s debt, $80,000 loss over the last 12 months, and $500,000 in small business loans.

The Sharks also had trouble figuring out if the business was a charity or a business. Despite these concerns, the Love Is Project has continued to grow and expand its mission of spreading love through handmade bracelets.

Is Love Is Project Still In Business?

Yes, Love Is Project is still in business. Love Is Project is a startup that sells handmade bracelets from the culture of different country tribes all over the world on its website.

The company provides jobs for women in third-world countries making handmade bracelets reminding people to love their neighbor.

Love Is Project has expanded to 10 countries, including Kenya, Indonesia, Ecuador, India, Guatemala, Colombia, Mexico, Philippines, Bhutan, and Vietnam. Sales to date are over $4 million.

Love Is Project is a for-profit social enterprise that consistently seeks out and creates new opportunities. The company has faced financial difficulties as it expanded, leading to debt.

Despite this setback, Love Is Project is still in operation and has garnered support from several high-profile celebrities.

Chrissie, the founder, has invested thousands of dollars in her supply chain and digital marketing, and as of July 2021, the company’s sales had more than doubled.

Love Is Project did not get a deal in Shark Tank because the sharks believed that it was not an investing business, but a charity. However, the company is still very much in business and has many celebrity endorsements.

Love Is Project regularly donates to a wide variety of charities and causes. The company has collaborated with other businesses, such as Lovepop Cards, to create something truly magical for Mother’s Day 2021.

Who Are The Competitors of Love Is Project?

Love Is Project is a social enterprise that works with artisans in 10 countries and provides jobs and new opportunities to 2000 female artisans across the globe. However, it is unclear from the search results who the competitors of Love Is Project are.

The only relevant search result is a website called ZoomInfo, which lists Heart for Education LLC and Brightways Learning as competitors of a project called Project Love.

It is possible that Love Is Project and Project Love are two different entities, and therefore, the competitors of Love Is Project is not listed in the search results.

What is the website of Love is Project?

Their website is www.loveisproject.com

How old is Love Is Project?

Love Is Project was founded in 2017.

When was Love Is Project featured on Shark Tank?

The Company was featured on Shark Tank season 12 episode 10 on January 15th, 2021.

Where is Love Is Project located?

The Love Is Project office is located in San Francisco, California, United States.

What methods of payment do they accept?

They accept credit and debit cards with Visa, MasterCard, Amex or Discover, PayPal, amazon pay, and google pay.

When will they receive the refund payment?

Refunds will be handled and reimbursed to the original mode of payment within 5-10 business days.

Please contact their bank, credit card Company, or payment processor to confirm receipt of their refund.

What is the company’s return policy?

Every Love Is Project item is painstakingly made by hand using natural materials, therefore each one is unique and may differ slightly from the product photograph presented on their website with intact packaging.

Their happiness is their primary concern! They have a 30-day refund or exchange policy after making their order.

What are their operating hours for delivery and customer service?

Monday through Friday from 8:00 a.m. to 4:30 p.m. (PST).

Do they ship?

Yes, they ship worldwide.

How long does it take to deliver Love Is Project?

It takes 1-10 business days to deliver the order depending on the destination and shipment method.

How do they initiate a return or exchange?

Please send an email to support@loveisproject.co with their order number and the reason for their return or exchange request.

Is Love Is Project Profitable?

Love Is Project is a profit-making social venture. They are always looking for and creating new possibilities, such as the ones they’ve created during the COVID-19 epidemic.

What is the net worth of Chrissie Lam?

Chrissie Lam’s net worth is unavailable.

How will they know their order has shipped?

Once their order has been finalized, they will get a shipment confirmation email.

Please wait 24-48 hours for their tracking number to update when they receive this email.  Please bear in mind that delivery dates may change due to inclement weather or holidays.