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 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 a funding of $250,000 for a 5% stake in their company, which 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 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. Current valuation is evidently higher since the Company has grown.
Who are the Competitors of Love Is Project?
There are no competitors identified for Love Is Project.
Love Is Project FAQS
What is Love Is Project?
Love is Project is a Company that makes bracelet that has been ingeniously crafted to promote love.
The bracelet is comprised of high-quality beads that are carefully fashioned to form a lovely accessory.
The bracelets from the Love is Project come in a range of gorgeous colours.
Who is the founder of Love is Project?
The Love is Project Company was founded and is owned by Chrissie Lam and her mother, Gladys Lam.
How much was they seeking in the Shark Tank?
Chrissie and Gladys appeared on Shark Tank season 12 episode 10 in search of $250,000 for a 5% stake in their company.
Did they get the deal from the Sharks?
Chrissie and Gladys left the Shark Tank without a contract.
Is Love is Project still in business?
In terms of a Love Is Project update, the firm is still in operation as of this writing, and they may purchase a bracelet or learn more about the project by visiting the Love Is Project website.
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 in 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 accepts?
They accept credit and debit cards with the Visa, MasterCard, Amex or Discover, PayPal, amazon pay and google pay.
When will they receive 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 [email protected] 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.