Pink Picasso’s Shark Tank Net Worth

Pink Picasso is a company that sells paint-by-number kits. Its net worth varies depending on the source, but it is estimated to be between $2.6 million and $5 million.

The company appeared on Shark Tank and landed a $400,000 investment from Lori Greiner and Kind founder Daniel Lubetzky in exchange for a 15% stake.

What is Pink Picasso and Who are Pink Picasso’s Founders?

Pink Picasso is a premium paint-by-numbers kit that provides customers with everything they need to create their own masterpieces.

The kit includes an unstretched canvas measuring 16 x 20 inches, small water-based acrylic paint pots, a 4-brush set, a finished picture photo with a color key, a numbers map to help prevent painting over the wrong number, and a bottle of acrylic paint with a lid designed for the easy organization during painting.

Customers can choose a kit that appeals to them online and begin painting in a well-lit and quiet area without any distractions. To paint, they just need to match the number on the canvas with the corresponding color on the paint.

Pink Picasso was founded by Ashley and Brittany Silfies. Before starting Pink Picasso, Ashley worked as a procurement manager, while Brittany was a former lab worker at NAT, where she conducted testing on blood plasma for HIV, Hepatitis A-C, and Parvo.

The couple also runs other paint-by-numbers businesses such as Modern Monet and Wear Your Sole.

Ashley and Brittany came up with the idea of starting a paint-by-numbers company when they were looking for ways to cover a plain white wall in their apartment. Pink Picasso was born in 2019 after a brainstorming session.

Pink Picasso painting kits are available for purchase on the company’s website, Amazon, and hundreds of independent arts and crafts stores throughout the country.

Pink Picasso the Shark Tank Pitch

Ashley and Brittany appeared on Shark Tank in search of $400,000 for a 5% stake in their company, which was valued at $8 million. They discussed the contents of each kit and how it was a modern craft that people could be proud of. Lori liked the product and believed that everyone liked puzzles.

The women also talked about their personal lives and how they started the business to support themselves. After being recognized as one of Oprah’s favorite items, they earned $1.3 million in sales in 2019 with only a $1500 investment. The sales for 2020 were $3.5 million.

An adult kit costs $3.77 (plus $4 for shipping), wholesales for $19, and retails for $42. The Sharks were concerned about margins, and Pink Picasso aimed to generate $5 million in revenue in 2021 with a profit of $900,000.

The women stated that they required a mentor’s assistance to break into large retail stores and wanted to do licensing with companies like Disney. Kevin offered $400,000 for 33.3% and participation in payouts. Lori liked the women and the product and offered $400,000 for a 20% stake in the company with Daniel.

Barbara offered $400,000 as a loan at 8% interest in exchange for 5% of the company. Daniel had planned to offer $400,000 for 10% before presenting the deal to Lori, but he believed that having two Sharks at 20% was more valuable.

Kevin lowered his offer to $400,000 for 3% plus a $6 royalty per unit. Eventually, Lori and Daniel offered $400,000 for 15% off, and the deal was struck.

As they hugged on stage, Mark, one of the Sharks, showed off a painting he had been working on throughout the segment.

Pink Picasso after the Shark Tank Pitch

There is no update about the company at the moment.

Pink Picasso’s Net Worth

Ashley and Brittany are on Shark Tank in search of $400,000 for a 5% stake in their company. This equates to an $8 million valuation.

They accepted an offer from Lori and Daniel of $400,000 for a 20% stake which brings the valuation to $2,666,666.67.

Pink Picasso Shark Tank Updates

Pink Picasso is a company that offers paint-by-numbers kits for adults to relax and be creative. The company was founded by Ashley and Brittany Silfies. Pink Picasso was featured on Shark Tank in season 13, episode 7, which aired on November 2021.

The sisters were seeking $400,000 for 5% equity in their company. They did not get an investment from any of the Sharks, but they managed to find investors outside of the show.

Despite not getting a deal on Shark Tank, Pink Picasso has gone on to have great success post-show. The company is still growing and changing the way people experience art.

Pink Picasso provides paint-by-number kits that are rolled up into a tube, giving the customer everything they need to create their own masterpiece. The company’s products are available on Amazon and in multiple brick-and-mortar stores across the country.

The COVID-19 pandemic helped boost sales for Pink Picasso as people stayed inside and became interested in paint-by-numbers kits.

Pink Picasso’s valuation in Shark Tank was $8 million, but after the negotiation between the Sharks and the founders, Pink Picasso’s worth came up to $2.6 million. The company is shipping its products nationwide and has launched more than 25 products.

A complete Pink Picasso set with four paintbrushes, colors, a number map, and the artbook costs $28, while more expensive kits are priced at $36 or $42, and hanging solutions are available at $21 each.

Pink Picasso Shark Tank Summary Table:

INFORMATION	SUMMARY
Company name	Pink Picasso
Net worth	Estimated to be between $2.6 million and $5 million
Founders	Ashley and Brittany Silfies
Product	Premium paint-by-numbers kit
Shark Tank pitch	Sought $400,000 for a 5% stake valued at $8 million
Shark Tank deal	Lori Greiner and Daniel Lubetzky invested $400,000 for 15% stake
Sales	$1.3 million in 2019, $3.5 million in 2020
Valuation	$8 million before negotiation, $2.6 million after deal
Availability	Sold on the company’s website, Amazon, and craft stores
Post-show success	Found investors outside of Shark Tank and grew
Notable features	Includes everything needed to create a masterpiece

Please note that the table is based on the available information provided and may not be complete or up-to-date with current developments.

 

Pink Picasso FAQS

What Was The Initial Valuation Of Pink Picasso Before Shark Tank?

Pink Picasso is a women-owned business that appeared on Shark Tank USA’s season 13. Before coming to Shark Tank, Pink Picasso had already earned a profit of five million dollars in two years.

During the episode, the couple landed a $400,000 investment from Lori Greiner and Kind founder Daniel Lubetzky, in exchange for a 15% stake in Pink Picasso. The deal valued the company at nearly $2.7 million.

The couple behind Pink Picasso, Ashley and Brittany Silfies came up with the idea of reviving the old paint-by-numbers activity just in time for a global pandemic when people needed to fight the traumas from isolation and social distancing.

Their kits are in more than 2,000 boutique stores nationwide and available on Pink Picasso’s website. The couple spent $1,500 on initial products two years ago. By the time of the Shark Tank episode’s taping, they were on pace to bring in more than $5 million in 2021 gross revenue.

In the Shark Tank episode, the sharks were shocked by Pink Picasso’s success and convinced that the business didn’t need their support. However, Greiner and Lubetzky still offered $400,000 in exchange for a 15% stake in the company.

The sharks were impressed by Pink Picasso’s margins and the potential to get their painting kits into big-box stores like Michaels.

What Is Pink Picasso, Founder, And How Does It Work?

Pink Picasso is a high-end paint-by-numbers kit that teaches users step-by-step how to paint a professional piece of art.

The company was founded in 2019 by Ashley and Brittany Silfies. The kits come with a 16 x 20 unstretched canvas, paint pots with water-based acrylic paint, a 4-brush set, a finished image photo w/ color key, a numbers map in case you paint over a number, and a tube.

The lid of the tube is designed to relieve stress in a constructive manner. Customers can paint their designs using the matching number on the picture with the color number on the paint.

Pink Picasso turns photos taken by a host of photographers into paint-by-numbers kits. The company was able to earn around $1.3 million in 2019 with just a $1500 investment.

In 2020, the company earned $3.5 million with a profit of $900,000. When Pink Picasso appeared on Shark Tank, the company was planning to earn $5 million in 2021. During the episode, the couple landed a $400,000 investment from Lori Greiner and KIND founder Daniel Lubetzky, in exchange for a 15% stake in Pink Picasso.

The deal valued the company at nearly $2.7 million. Pink Picasso is located in Pensacola, Florida. The company’s net worth was $8 million when it appeared on Shark Tank.

How Has The Company Grown Since Appearing On Shark Tank?

Pink Picasso’s sales increased after appearing on Shark Tank, with many people buying their painting kits from Amazon and the company website.

The company’s valuation during the Shark Tank pitch was $8 million, but after negotiations with the sharks, it was valued at $2.6 million. Pink Picasso is shipping its products nationwide and is available for global users on Amazon.

The company has launched more than 25 products and is slowly working on increasing its number of product lines.

The COVID-19 pandemic also helped boost sales for Pink Picasso as more people stayed inside and became interested in painting. The company has made its products available in multiple brick-and-mortar stores across the country.

A complete Pink Picasso set with four paintbrushes, colors, a number map, and the artbook costs $28, while more expensive kits are priced at $36 or $42, and hanging solutions are available at $21 each.

There is no recent update on the company’s growth since appearing on Shark Tank, but it seems that Pink Picasso has been successful in expanding its product line and making its products more widely available.

The company’s unique approach to paint-by-numbers kits, featuring unique paintings and a complete package with all necessary materials, has likely contributed to its success.

What New Products Has Pink Picasso Launched Since Appearing On Shark Tank?

Pink Picasso has launched more than 25 new products since appearing on Shark Tank. The company’s paint-by-numbers kits feature unique paintings ranging from beautiful floral arrangements to kids’ cartoons.

The Pink Picasso set includes an artbook, numbered paints, different types of brushes, and even a number map, making it easy for anyone to recreate the paintings. The company has also launched a Pink Picasso Kids kit, which won Oprah’s Favorite Things of 2022.

In April 2022, the product was featured on the Today Show. There is no information on the specific new products that Pink Picasso has launched, but the company has expanded its product line and continues to innovate in the paint-by-numbers industry.

Pink Picasso Competitors

Pink Picasso is a painting business that sells paint-by-numbers kits. The company was launched in 2019 by two women, Ashley Silfies and Brittany Silfies, who turned photos taken by a host of photographers into paint-by-numbers kits.

The kits are packaged in a cardboard tube that holds a rolled-up canvas, paintbrushes, and paint. Pink Picasso’s products teach users step-by-step how to paint a professional piece of art. The company provides painting kits of different types of art, and each kit has a template, canvas, color, and instruction.

Pink Picasso appeared on Shark Tank and landed a $400,000 investment from Lori Greiner and Kind founder Daniel Lubetzky, in exchange for a 15% stake in the company. The deal valued the company at nearly $2.7 million.

The couple particularly impressed the Sharks by describing how Pink Picasso could produce a family business that would help them financially support their family.

Pink Picasso’s competitors include other painting, drawing, and art supplies brands and stores. Knoji has researched the top seven alternatives to Pink Picasso Kits and summarized the best options in a Pink Picasso Kits competitor’s grid.

Wonderbrett, a cannabis producer and lifestyle brand in California, also has a strain called Pink Picasso.

What Is The Current Valuation Of Pink Picasso?

Pink Picasso is a company that sells paint-by-number kits that teach users step-by-step how to paint a professional piece of art.

The company appeared on Shark Tank in 2021 and landed a $400,000 investment from Lori Greiner and Kind founder Daniel Lubetzky in exchange for a 15% stake, valuing the company at nearly $2.7 million.

However, the company’s valuation during the show was $8 million. After the negotiation between the sharks and the founders, Pink Picasso’s worth came up to $2.6 million. The current worth of Pink Picasso is estimated to be between $2.6 million and $5 million.

Pink Picasso’s painting kits are available for purchase on the company’s website, Amazon, and hundreds of independent arts and crafts stores throughout the country. The company has launched more than 25 products and is slowly working on increasing its number of product lines.

Pink Picasso has been featured in many media publications, including Today, Good Morning America, and The Kelly Ryan. The founders of Pink Picasso, Ashley, and Brittany Silfies, have a net worth of $3 million as of 2022.

How much were they seeking in the Shark Tank?

They were seeking $400K for a 5% stake in the business.

Did he get the deal from the Sharks?

Ashley and Brittany Silfies secure an investment from Lori and Daniel.

How much was the deal?

They accepted an offer of $400,000 for a 20% stake which brings the valuation to $2,666,666.67.

Is Pink Picasso still in business?

Pink Picasso is still in business.

When was Pink Picasso founded?

Pink Picasso was started in 2019.

Where is Pink Picasso located?

Pink Picasso, LLC is a company that operates in the Museums, Historical Sites, and Similar Institutions industry and is based in Pensacola, Florida.

Are Ashley and Brittany Silfies sisters?

Ashley and Brittany Silfies are their names. In Alabama, there is a same-sex, multiracial couple.

They co-founded their sibling firms, Pink Picasso and Modern Monet while working from home and raising our three children.

What additional supplies are needed?

The only other things kids will require are paper towels and a tiny cup of water to wipe in between paint colors.

Do paints need to be blended?

No, all of the paints have already been blended. Every color value is given for them; no further color blending or mixing is required.

Does the canvas need to be stretched, prepped, or primed?

No! They recommend painting it on any flat surface. Because the canvas is a cotton blend, it is ready to paint without any preparation or priming.

How to make the paint less thick? 

If the paint has thickened, a few drops of Flow Improver can be added to make it simpler to work with.

How long does it take to complete a Pink Picasso Kit? 

Everyone paints at their own pace. The time it takes to finish a Pink Picasso kit varies based on the kit design.

How long does it take for the paint to dry? 

They utilize water-based acrylic paint, which dries to the touch in 10-15 minutes, depending on the thickness of the paint application.

Why do they use acrylic paint? 

Acrylic paint is a non-toxic, water-based alternative that must be cleaned with water. It also has vibrant colors and a creamy feel when applied.

Should they clean their brush when they switch colors? How do they clean their brushes when they are done? 

Yes, while changing colors, they will need to keep a cup of water and paper towels nearby to wipe their paintbrush. Rinse the paint-filled brush well in water.

Should they seal their completed Artwork? 

It is not essential, but if they want to add protection against dust or filth, they may apply a light layer of clear acrylic sealer, which is available in a variety of finishes.

How much is Pink Picasso?

An adult kit costs $3.77 (plus $4 for shipping), wholesales for $19, and retails for $42.