What Happened to Lipstix Remix after Shark Tank? Lipstix Remix Shark Tank Update

What is Lipstix Remix? Who is the founder of Lipstix Remix?

Lipstick Remix is a company known for its popular Lipstick Remix kit, which allows users to make the most out of their lipstick by reusing the bottom part of the bullet, fixing broken or melted lipsticks, and creating custom colors by mixing different lipsticks.

The kit was invented by Jill Quillin, a working professional and beauty enthusiast, who graduated from the University of Tennessee-Knoxville with a degree in Speech Communications.

Jill founded Lipstick Remix and Divine Innovations, LLC in 2005, driven by her desire to find a way to extend the life of her lipstick and experiment with new colors.

The Lipstick Remix kit enables women to reuse their old lipsticks and create new shades, maximizing the value of their cosmetic collection.

What Happened to Lipstix Remix at Shark Tank pitch?

In episode 114 of Shark Tank, Jill Quillin presents her product Lipstick Remix to the investors for evaluation. She seeks assistance in marketing and distribution of her product and offers $105,000 in exchange for 30% of her business, which is valued at $350,000.

She explains the issue of wasted lipstick and demonstrates how her unique equipment recycles old lipsticks into a new one.

The Sharks are impressed with the concept but have concerns about the market potential without substantial marketing efforts. Barbara Corcoran makes a partial offer to provide half of the requested amount for 15% equity shares, but Quillin needs to secure the rest of the deal with another Shark.

Daymond John and Kevin Harrington both offer $105,000 for 40% equity shares, while Corcoran remains skeptical of a three-way partnership. After consulting with her husband, Quillin strikes a deal with all three Sharks for $105,000 and 50% ownership of the company.

What Happened to Lipstix Remix after Shark Tank?

The outcome of Lipstix Remix’s pitch on Shark Tank was inconclusive as the deal with the Sharks never came to fruition. Despite initial success, the company faced challenges and eventually shut down in 2013.

Jill Quillin, the founder of Lipstix Remix, is still the president of Divine Innovations, where she has been working for over 15 years.

Competitors of Lipstix Remix

The only competitor that Lipstick Remix faced in the cosmetic industry, including: The Original Lipstick Remover.

Net Worth of Lipstix Remix

The net worth of Lipstick Remix was estimated to be $200,000 after the company went out of business in 2013. Prior to that, the company was valued at $350,000 during its pitch on Shark Tank.

Lipstick Remix Shark Tank Episode Summary

Company/Product	Lipstick Remix
Shark Tank Episode	Shark Tank Season 1 Episode 14
Founder & Entrepreneur	Jill Quillin
Amount Asked For	$105,000 for a 30% stake in the business
Deal: Accepted Offer	$105,000 in exchange for 50% equity
The Shark Investor	Barbara Corcoran, Daymond John and Kevin Harrington
Business Net Worth	$350,000 valuation
Business Status	The business is out of business

Lipstix Remix FAQs

What is Lipstix Remix?

The Lipstix Remix kit allows you to repurpose your lipsticks, creating new colors. Additionally, it enables you to mix and match the colors of your lipstick collection at the same time. The system is quite simple and easy to use as well.

Who is the founder?

Jill Quillin is the founder of Lipstix Remix. Jill is working professional and beauty enthusiast as well as founder of Lipstick Remix.

How much was seeking on Shark Tank?

Quillin was seeking for $105,000 for a 30% stake of the company in exchange.

How much did she get from Sharks?

The three Sharks invested $105,000 for 50% ownership of the company.

Is Lipstix Remix still in business?

Lipstick Remix went out of the business in 2013.

Where was Lipstix Remix located?

Lipstix Remix was located in Texas.

Was Lipstix Remix a scam?

The product was most likely not a scam as it appeared to have worked on the show. However, Lipstix Remix did not last long due to a lack of marketing and financial support.

How many colors can be made from one lipstick?

Basically, there are 5 different colors that get from the lipstick, that is: red, pink, peach, orange and brown.

However with the help of Lipstix Remix kit they are able to make more different shades than that by mixing the primary colors together.

How does Lipstix Remix work?

Lipstix Remix technology uses dedicated re-mixing machines that are capable of recovering about 40% of the original content in a lipstick.

Who were the target markets of Lipstix Remix?

The product was mainly focused on the women of ages.

What was the recommended age to use Lipstix Remix?

The product is recommended for ages 21 to 60.

Is there a money back guarantee for Lipstix Remix?

Yes, there is a 30-day money back guarantee as well as 2 years warranty on the kit.

Where can I buy Lipstix Remix?

The product had primarily been sold online on the official website of Lipstix Remix, however now it is not available for sale.

What was the return policy of Lipstix Remix?

There is no information regarding the return policy of Lipstix Remix.

What were the payment methods accepted by Lipstix Remix?

Lipstix Remix did not accept any other payment methods except cash and bank transfer.

How long was Lipstix Remix good for?

Lipstix Remix was good for 1 year from the date of purchase.

Was Lipstix Remix safe to use?

Lipstix Remix is safe to use as it is tested and approved by the FDA.

Are there any discounts or sales on Lipstix Remix?

Yes, there are coupons and promos offered by the company on its official website. However, it is not clear if these are still valid.

Where is Jill Quillin now?

Jill Quillin is currently working as the president of Divine Innovations.

What is the net worth of Jill Quillin?

The net worth of Jill Quillin is estimated at $500,000.