Lovepop Shark Tank Update (2021) | Lovepop Net Worth | What happened to Lovepop after Shark Tank?

About Lovepop

Lovepop is a company that designs and creates intricate paper sculptures, which are more similar to pieces of art than conventional greeting cards.

The founders of the company, Wombi Rose and John Wise, developed the idea while traveling in Asia and being inspired by the kirigami art form.

They have been working together for a decade prior to starting the company, and their background in ship design and naval architecture, which entailed 3D design and knowledge of structural integrity, enabled them to adapt kirigami to create their 3D card designs.

They presented their idea on Shark Tank in 2015 and with the aid of an investor, they have expanded the company and now have a workforce of over 800.

Who are the founders of Lovepop?

Wombi Rose and John Wise, who were studying naval architecture at Webb Institute, formed a close friendship and later established Lovepop together.

After coming across hand-crafted paper cards in Vietnam, they introduced them to others upon returning to Boston and observed a strong positive reception.

They launched Lovepop in 2014 at the Harvard Innovation Lab and later participated in Techstars.

They were nominated by BostInno for “50 on Fire” and appeared on “Shark Tank,” where they secured an investment from Kevin O’Leary.

However, some investors on the show were hesitant to invest due to competition from established card-making companies such as Hallmark and American Greeting Cards.

What happened to Lovepop after Shark Tank?

Lovepop’s sales improved significantly following an investment of $300,000 from Kevin O’Leary. Before appearing on Shark Tank, the company had generated $300,000 in sales.

However, after being featured on the show, Lovepop’s sales tripled, reaching a total of $1,000,000.

Furthermore, the company, following advice from Mark Cuban, redirected their approach from kiosks to online sales and collaborations with major retailers.

Lovepop FAQs

What is Lovepop?

Lovepop is a company that makes 3D pop-up cards. The company manufactures and sells 3D pop-up cards.

The founders of the company, Wombi, and John, pitched their product on Shark Tank in 2012 and after pitching, they received an investment from Kevin O’Leary’s.

After the airing of their episode in 2015, Lovepop has been working hard to make their product more accessible for customers.

They have added new designs and partnered with retailers to sell their products.

Today Lovepop’s products are sold all over the world, including stores such as Target or Urban Outfitters.

You can order custom-designed cards for any occasion from Lovepop’s website!

Is Lovepop Still in Business?

Lovepop has expanded and now creates hundreds of unique designs to help you share the love with the key people in your life since gaining investment from Kevin “Mr. Wonderful” O’Leary on ABC’s “Shark Tank” in 2015.

Lovepop employs over 800 people in its offices in Boston, New York, Vietnam, and retail sites across the East Coast.

Their products can be found online as well as in retail and partner locations around the United States.

These cards and gifts build a lasting, shared connection between the donor and the recipient, making for a meaningful, creative, and enjoyable experience. That is a fantastic occurrence.

How much is Lovepop worth today?

Immediately after getting a $300,000 investment from Shark Kevin O’Leary in 2015, sales surged, resulting in total sales of $8.7 million—just one year later!

The company has grown in sales and product lines.

Lovepop’s net worth is currently estimated to be in excess of $100 million.

How much did Kevin Oleary invest in Lovepop?

Rose and Wise participated in “Shark Tank” in the summer of 2015. They accepted a $300,000 deal with O’Leary in exchange for a 15% share in Lovepop, valuing the company at $2.0 million.

Who invested in Lovepop?

The founders of the company, Wombi, and John, pitched their product on Shark Tank in 2012 and after pitching, they received an investment from Kevin O’Leary’s.

Who are Wombi Rose and John Wise?

Wombi Rose and John Wise are the dynamic duo behind Lovepop Company.

What is Lovepop?

It is an innovative 3D card that can be used to express a variety of emotions.

What is Up with Paper’s products?

Like Lovepop, they cater to a broad demographic when it comes to card themes and selling stationery.

What is the business?

The 3D pop-up card company has a variety of greeting cards with 3-dimensional innards.

How much money did Lovepop make?

Before appearing on Shark Tank, Lovepop had already made approximately $300,000 in sales.

What are the benefits of Shark Tank?

The viewership of Shark Tank has also been a huge publicity boost for the company and has given the duo a sales lift without much online marketing efforts on their part.

What’s the deal?

Mr. Wonderful Kevin O’Leary invested  $300K for 15%. They accepted a $300,000 deal with O’Leary in exchange for a 15% share in Lovepop, valuing the company at $2.0 million.

How did John and Wombi get started?

Wombi Rose and John Wise were great friends while studying to be naval architects at Webb Institute.

Years later, on a Harvard Business School trip to Vietnam, Wombi and John were inspired by the amazing paper art genre called kirigami.

SlicegamiTM was created as a result of the duo’s technical skills, which they merged with the sliceform structure used in ship construction to create Lovepop.

What was the opportunity?

According to the trade group The Greeting Card Association, Americans spend an estimated $7 billion on greeting cards each year.

The idea of bringing the 3D artwork to the wedding industry, a total market opportunity Lovepop puts at $2 billion, was at the forefront of O’Leary’s investment choice.