Pop It Pal Net Worth.
Pop It Pal was valued at $2.5 million during its pitch on Shark Tank, and after Kevin O’Leary’s investment, the company was valued at $5 million.
As of August 2022, Pop It Pal’s founders Bill Pierce, Summer Pierce, and Kayla Roof had a net worth of $2.5 million USD.
What is Pop It Pal and Who is the founder of Pop It Pal?
Pop It Pal is a novelty toy that enables individuals to simulate the unpleasant habit of popping pimples.
The founders of Pop It Pal are Billy Pierce and Summer Pierce, along with their partner Kayla Roof, who established the company in January 2018.
This product satisfies a common but unsavory habit that many people prefer not to discuss. It’s a pimple-popping simulator that has become increasingly popular in the world of toys and novelties.
Summer proposed the idea to Billy of creating a device that could simulate the experience of popping massive, unsightly pimples. Billy was intrigued by the concept, and the two of them got to work.
The primary objective of Pop It Pal is to assist people in refraining from popping actual pimples and getting rid of acne. It works by mimicking the sound of popping a pimple.
Pop It Pal is a silicone rectangle with pore-like openings that are patent-pending. It can be filled with Pop It Pal Pus and popped to simulate the experience of popping a pimple.
The Pop It Pals are available in peach or brown, and the Pus comes in standard or blue glitter. The product is priced at $19.99, while a bottle of Pus costs $5, or three bottles for $12.99. A portion of all profits is donated to organizations that fight against bullying.
Pop It Pal Shark Tank pitch
The founders of Pop It Pal, Summer Pierce, Billy Pierce, and Kayla Roof, decided to pitch their invention to Shark Tank investors to capitalize on its popularity as soon as possible.
During their pitch, they asked for $250,000 in exchange for a 10% stake in their company, which was valued at $2.5 million. After presenting their story and handing out samples, the Sharks were initially appalled until they heard the impressive sales figures: $315,000 in the previous four months.
The cost to create one unit was $8.32, and it was being sold for $19.99. By using an offshore supplier, they could reduce the cost to $5. They anticipated sales of $940,000 in 2018.
Kevin O’Leary was impressed and offered $250,000 for a 5% equity stake in the company plus a $1.50 royalty per unit until he recouped $750,000.
His only condition was that they frequently change the color of the Pus, which disgusted the other Sharks. Mark Cuban then offered $250,000 for a 25% equity stake, which the founders accepted, and they left with a deal.
After the celebration during the pitch, they finalized the deal with Kevin and the company was featured on his website. They took his advice and created Pus in various colors, including a glitter version.
Despite the toy’s disgusting nature, it appears to have a therapeutic impact on people who suffer from dermatillomania, or continuous skin picking. As of June 2021, they are still in business and have an annual revenue of $500,000.
Competitors of Pop It Pal
There are a number of competitors on the market today. One of the most popular is the Acne Fading Kit, Acne Talk Band, and Acne Alleviation.
Net Worth of Pop It Pal
The company was valued at $2.5 million during the pitch, after the investment done by Kevin O’ Leary the company valued at $5 million. Since then the company have been selling product and this shows that the company net worth might had increased in 2021.
Pop It Pal FAQs
What is Pop It Pal?
Pop It Pal is a novelty toy that allows people to simulate the repulsive habit of popping pimples.
Who is the founder?
Pop It Pal was founded in January 2018 by Billy Pierce and Summer Pierce, as well as their partner Kayla Roof.
How much were asking on Shark Tank?
They were asking $250,000 for 10% stake of their business.
Did they get the deal?
Yes, they did get the deal.
How much was the deal?
Kevin O’ Leary offers them $250,000 for 5% equity shares plus a $1.50 royalty each unit until he recoups $750,000.
Is Pop It Pal still in business?
It still in business today and it have also been featured on Kevin O’ Leary website.
Where can you buy Pop It Pal?
Customers can buy Pop It Pal via the official website.
How much does Pop It Pal cost?
Pop It Pal is a silicone rectangle with pore-like openings that is patent pending. Fill it up with Pop It Pal Puss and pop away.
The Pop It Pals are available in peach or brown, and the puss is available in standard or blue glitter. The product costs $19.99, while a bottle of puss costs $5, or three for $12.99.
How much is the company valued today?
The company was valued at $2.5 million during the pitch, after the investment done by Kevin O’ Leary the company valued at $5 million. Since then the company have been selling product and this shows that the company net worth might had increased in 2021.
What is Pop It Pal Puss?
Pop It Pal Puss is a material used in the pop simulator, made by the company to simulate popping pimples. They can be filled into the toy and pops out with a realistic sound effect just like real acne puss would be when popped.
Is Pop It Pal a commercial success?
However, its market appeal suggests that it is unquestionably an efficient stress alleviation toy. Pop It Pal’s product video on various social media platforms had over 30 million views in the first three weeks. Pop It Pal’s social media profiles continue to grow in popularity.
What is the best way to fill a Pop It Pal?
Simply microwave the refillable pus till its liquid, and then insert the puss into the pal using the tool provided. Wait a few minutes for it to cool to room temperature before popping it again. When microwaved, the pus can become quite heated.
How do I stop popping pimples?
The best way to stop the habit is to avoid touching any blemishes. One of the main ways people start popping pimples is due to a fear of them getting larger, so avoiding even looking at them can help keep you from picking.
Are there side effects?
Consistently popping pimples can cause scarring as well as possibly damaging skin tissue below the surface of the skin that you may not see at first.
Did Pop It Pal make money?
The company made money since the investment done by Kevin O’ Leary the company increased their sales and this shows that the company is earning money from their product.
How do I pay for Pop It Pal?
Customers can pay through Amazon.com credit card or PayPal account.
What is Pop It Pal’s claim to fame?
The toy has become a hit within the dermatillomania community, a group that calls them “pickers”. They have discussed it at length on Reedit and have shared videos of them using it.
What is the net worth of Billy Pierce?
The net worth of Billy Pierce is estimated at $850,000.
What is the net worth of Summer Pierce?
The net worth of Summer Pierce is not available yet.
What is the net worth of Kayla Roof?
The net worth of Kayla Roof is not available yet.
