Zinepak Shark Tank Net Worth 2023
Kim and Brittany’s appearance on Shark Tank during season 6 episode 26 resulted in an offer of $725,000 for a 10% share in their company, which led to a valuation of $7.25 million.
However, the two eventually accepted a different offer from Robert and Lori for the same amount but with a 17.5% stake instead, bringing the company’s value down to $4.1 million.
Fortunately, the company has seen much success since then – as of January 2023 it is still operational and has an annual revenue of $5 million – suggesting that its current valuation is higher than when Kim and Brittany first appeared on Shark Tank.
What is Zinepak? Who is the Founder of ZinePak?
ZinePak is a publishing company that specializes in creating exclusive and unique products for devoted fans, particularly those of popular musicians like Taylor Swift, Katy Perry, and KISS. These products are limited-edition and contain a variety of items such as CDs, movies, and trading cards.
The company was founded in January 2011 by Kim Kaupe and Brittany Hodak, who met while working at a marketing agency in New York City. Hodak, who had a music background, came up with the idea for ZinePak in 2004 when she was a college representative for Warner Music Group.
She believed that if more interesting and creative alternatives to regular CDs were available, customers would be more likely to purchase physical music.
Despite not receiving support from Warner, Hodak and Kaupe established ZinePak and have since built a multi-million dollar business with over $25 million in sales.
The company works with customers to develop customized content and extras for each package, which can be sold as retail items or used as promotional items for specific events. Digital ZinePak products are also available.
What Happened to Zinepak at the Shark Tank Pitch?
Kim and Brittany, the founders of Zinepak, appeared on Shark Tank seeking funding and were willing to give up a 10% stake in their company for $725,000, which valued the company at $7.25 million. They had already achieved $30 million in sales in the music industry and wanted to expand their business.
Kevin offered $725,000 for a 35% stake, but the founders declined and looked for other partners. Mark withdrew from investing due to the declining physical music market. Daymond counter-offered $725,000 for a 30% stake, and Lori and Robert offered $725,000 for a 20% stake.
After negotiation, Kevin reduced his offer to 30%, and the founders countered with $725,000 for a 14% stake. Daymond increased his offer to 20%, and Lori and Robert counter-offered $725,000 for a 17.5% stake, which the founders accepted.
Following the Shark Tank pitch, Zinepak was renamed The Superfan Company and then Bright Ideas Only due to a trademark infringement issue. Nevertheless, the show’s exposure helped boost the company’s success.
As of 2020, the company is still active, with an annual revenue of $5 million. In 2018, co-founder Sarah Hodak divested her share of the company to pursue a career in speaking and consulting.
Zinepak Shark Tank Summary:
| CATEGORY | INFORMATION |
| Company Name | ZinePak/Bright Ideas Only/The Superfan Company |
| Founded by | Kim Kaupe and Brittany Hodak |
| Founded on | January 2011 |
| Industry | Publishing |
| Annual Revenue | $5 million (as of January 2023) |
| Valuation | $7.25 million (initially), $4.1 million (accepted offer) |
| Shark Tank Valuation Deal | $725,000 for a 10% stake, $7.25 million valuation |
| Accepted Shark Tank Deal | $725,000 for a 17.5% stake, $4.1 million valuation |
| Competitors | None identified |
| Shark Tank Outcome | The deal with Lori Greiner and Robert Herjavec was accepted but never closed |
| Founders | Kim Kaupe and Brittany Hodak |
| Co-Founder | Sarah Hodak (divested in 2018) |
| Rebranding | The Superfan Company (post-Shark Tank), Bright Ideas Only (post-trademark infringement) |
What is the Net Worth of Zinepak?
Kim and Brittany went on Shark Tank during season 6 episode 26 and received an offer of $725,000 for a 10% share in their company, which resulted in a valuation of $7.25 million.
However, they ultimately decided to accept an offer from Robert and Lori for $725,000 in exchange for a 17.5% stake, bringing the valuation of the company to $4.1 million.
However, it is worth noting that the company has grown since then, therefore the current valuation would be higher.
Who are the Competitors of Zinepak?
There are no competitors identified for Zinepak.
Zinepak Shark Tank Updates
ZinePak is a custom publishing firm that provides superfans with limited-edition products and collectibles. The company was founded by Brittany Hodak and Kim Kaupe in 2011. ZinePak appeared on Shark Tank in 2015, seeking $725,000 for 10% equity.
Robert Herjavec and Lori Greiner offered $725,000 for 17.5% equity, which was accepted by the founders. However, the deal never closed.
The Shark Tank appearance helped propel the company to even more success and spurred its name change from ZinePak to The Superfan Company. In 2018, co-founder Sarah Hodak divested her share of the company to pursue other interests.
In 2020, Kim rebranded the business again to Bright Ideas Only due to a cease-and-desist for trademark infringement on the word ‘superfan’. As of January 2023, the company is still in business with annual revenue of $5 million.
The company has already achieved $30 million in sales in the music industry and wanted to expand beyond their music industry roots
Zinepak FAQS
Zinepak Shark Tank
ZinePak is a marketing agency that connects celebrities with their fans through interactive experiences and fun products. The company was founded in 2011 and secured major celebrity names like Katy Perry and Taylor Swift.
ZinePak appeared on Shark Tank in 2015 and secured a high valuation deal with Lori Greiner and Robert Herjavec. However, the deal never closed, and the company changed its name to The Superfan Company.
ZinePak’s business model is to sell physical products with music CDs in the digital download age. They create packages for celebrities like Taylor Swift, Katy Perry, Justin Bieber, and Selena Gomez.
The packages can be created as a retail product or as a giveaway for a special event. ZinePak also does digital ZinePaks.
Appearing on Shark Tank helped Brittany evaluate her business model. Even though she was offered deals from 4 out of 5 sharks, she ultimately didn’t go through with any of them.
The show’s exposure gave her numerous speaking and consulting opportunities. The Superfan Company is still in business with annual revenue of $5 million.
How Does Zinepak Shark Tank Works?
PERPLEXITY
ZinePak is a company that creates exclusive merchandise for celebrities to sell to their fans. The company was founded in 2011 by Brittany Hodak and Kim Kaupe, and its client roster includes some of the biggest entertainers on the planet, such as Katy Perry, Taylor Swift, and KISS.
ZinePak appeared on Shark Tank in 2015 and secured a deal with Lori Greiner and Robert Herjavec for $725,000 in exchange for 17.5% equity. However, the deal ultimately did not go through, and ZinePak changed its name to The Superfan Company.
ZinePak’s business model is to sell physical products with music CDs in the digital download age. The company creates ZinePaks, which are packages that include exclusive content and goodies for fans.
ZinePaks can be created as a retail product or as a giveaway for a special event. The company has done $30 million in sales so far.
ZinePak’s appearance on Shark Tank helped propel the company to even more success. The worldwide exposure from the show spurred the company’s name change from ZinePak to The Superfan Company. The company is still in business with annual revenue of $5 million.
What Is The Current Valuation Of Zinepak Shark Tank?
Zinepak Appeared On Shark Tank During Season 6 Episode 26 And Secured A Deal At One Of The Highest Valuations In The Show’s History.
The Founders Of Zinepak, Kim Kaupe And Brittany Hodak, Appeared On Shark Tank Seeking Funding And Were Willing To Give Up A 10% Stake In Their Company For $725,000, Which Valued The Company At $7.25 Million.
However, They Ultimately Didn’t Go Through With The Deal. Appearing On Shark Tank Helped Her Evaluate Her Business Model.
As of 2020, the company is still active, with an annual revenue of $5 million. In 2018, co-founder Sarah Hodak divested her share of the company to pursue a career in speaking and consulting. Zinepak’s net worth before appearing on Shark Tank in April 2015 was $7.25 million.
However, Zinepak’s current net worth is not explicitly stated in the search results. Nonetheless, it is worth noting that the company has grown since then, therefore the current valuation would be higher.
What Happened To Zinepak Shark Tank?
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Did Zinepak Get A Deal On Shark Tank?
Yes, Zinepak did get a deal on Shark Tank. Zinepak appeared on Shark Tank Season 6 and made a deal with Lori Greiner and Robert Herjavec.
The entrepreneurs, Brittany Hodak and Kim Kaupe, asked for $725,000 for 10% equity, and Lori Greiner and Robert Herjavec teamed up to offer them $725,000 in exchange for just 20% equity. The sharks were impressed with their sales numbers and achievements, and they made a deal.
Even though Zinepak was offered deals from four out of five sharks, they ultimately didn’t go through with any of them. However, the show’s exposure gave them numerous speaking and consulting opportunities.Zinepak secured a high valuation deal on Shark Tank in 2015.
It is unclear from the search results what happened to Zinepak after their appearance on Shark Tank. However, Brittany Hodak’s official website states that appearing on Shark Tank helped her evaluate her business model.
What is Zinepak?
ZinePak is a custom publishing firm that provides superfans with limited-edition products and collectibles.
Each package contains a range of items ranging from CDs to movies and trading cards portraying fans’ favourite artists, primarily musicians such as KISS, Taylor Swift, and Katy Perry.
What is the website address of Zinepak Company?
The best way to contact Zinepak is through their website which can be found at www.brightideasonly.com
Who is the founder of Zinepak?
The founders of ZinePak are Kim Kaupe and Brittany Hodak.
How much were they seeking in the Shark Tank?
They were seeking a $725,000 investment for a 10% stake.
Did they get the deal?
Yes, they accepted an offer from Lori and Robert.
How much was the deal?
The deal was a $725,000 investment for a 17.5% stake.
Where is ZinePak headquartered?
Zinepak LLC is in the Newspaper, Periodical, Book, and Directory Publishers industry and is based in Austin, Texas.
What year was Zinepak started?
ZinePak was founded in January 2011.
What is the ZinePak’s annual revenue?
As of August 2021, the Company has a yearly sales of $5 million.
Is ZinePak still operating?
Kim changed the company to Bright Ideas Only in 2020. Due to a cease-and-desist order for trademark infringement on the term “superfan,” she had to alter her name.
The firm is still in operation as of August 2021, with yearly sales of $5 million.
How can they contact Bright Ideas?
They can email them at hello@brightideasonly.com.
What Happened to ZinePak after the Shark Tank?
Hodak sold her company’s portion for an unknown price in 2018 to focus on speaking and consulting.
Kim changed the company to Bright Ideas Only in 2020.
What is net worth of Kim Kaupe?
Kim Kaupe’s net worth is unavailable.
What is net worth of Brittany Hodak?
Brittany Hodak’s net worth is unavailable.
Who is the CEO of ZinePak?
Kim Kaupe is the CEO of ZinePak.
