Da Vinci Eye is an art projector mobile app that projects an image onto drawing paper, allowing users to create accurate drawings. This smartphone art projector app was founded in 2018 by Sam Gherman.
Gherman appeared on Shark Tank Season 15, Episode 16, seeking $350,000 for 5% equity at a $7 million valuation.
The app transforms any image into a transparent overlay, projecting it onto drawing paper to help users create precise artwork. It features different layers to aid in art creation. The standard Art Projector app costs $9.99, while the Pro version is priced at $26.99. The company also offers the Mural Maker and Doodle Grid apps, which are available exclusively for iOS users.
Company Name | Da Vinci Eye | |
Founder | Sam Gherman | |
Founded | 2018 | |
Product | Smart AR Art Projector App | |
Asked For | $350k for 5% equity | |
Final Deal | No Deals | |
Shark | No Sharks | |
Episode (Shark Tank USA) | S15 E16 | |
Air Date | March 1, 2024 | |
Business Status | In Business | |
Website | Visit Website | |
Headquarters | Greater New York City Area, New York, USA | |
Lifetime Worth (Sales) | $2.65M *estimated | |
Buy and Watch | Buy Now | Amazon Prime |
Another Shark Tank Pitch
Who Is The Founder Of Da Vinci Eye?
Samuel Gherman is the founder and CEO of Da Vinci Eye. He is a marketing professional with experience at companies such as MallStand, LLC and Macy’s.
Charissa Castillo is the co-founder of Da Vinci Eye and also has a background in marketing.
How Was The Shark Tank Pitch Of Da Vinci Eye?
After entering Shark Tank, Sam Gherman requested $350,000 for 5% equity and presented his AR Art Projector app to the Sharks. He started the app as a fun project, and it reached 50,000 downloads within five weeks of its launch.
From 2016 to 2019, he did not generate revenue, but in June 2020, he earned $450,000. In January 2021, Sam and his girlfriend, an event manager, left their jobs to work full-time on the company.
Sales for January 2021 were $200,000, total sales for 2021 were $890,000, and sales for 2022 were $860,000. In 2023, he transitioned to a subscription model, with the Core App AR Art Projector costing $19.99 per year.
Sam did not provide direct sales numbers to the Sharks, leading Daymond John to say, “I’m out.” The company projected $1.1 million in revenue for the year, with $450,000 in sales so far. The customer acquisition cost is between $0.10 and $0.21.
Mark Cuban and Lori Greiner both declined to invest. Greiner found the pitch confusing and noted that the company’s rights sales were not mentioned. Daniel Lubetzky considered the numbers too unclear, and Kevin O’Leary also refused to invest, stating he did not see a clear path to returns on his investment.
Sharks Offers list!
Sharks | Offers |
---|---|
Daniel Lubetzky | No Offer |
Kevin O’Leary | No Offer |
Mark Cuban | No Offer |
Daymond John | No Offer |
Lori Greiner | No Offer |
Founder’s (Countered) | No Counter |
Final Deals | No Deals |
Da Vinci Eye Shark Tank Update
Da Vinci Eye did not secure a deal on Shark Tank. All the Sharks declined to invest, primarily due to confusion from Sam’s pitch, which failed to clarify the company’s revenue.
This misstep prevented Sam from securing investment on the show. However, with the episode now aired, it is likely that some investors may still consider investing in the company.
What Is Da Vinci Eye’s Net Worth?
Da Vinci Eye is estimated to have a net worth of $2.1 million. The product follows the concept of Apple’s Vision Pro. Sustaining this business model may be challenging, as large brands could integrate similar transparent image art features into their Vision Pro or XR headsets.
Annual Revenue by Years
Note: This report is based on our research and data so far. In this, we are only estimating the annual revenue.
Years | Annual Revenue |
2024 | *estimated |
2023 | $450 *estimated |
2022 | $860k *estimated |
2021 | $890k *estimated |
2020 | $450k *estimated |
Funding Reports to Date!
Years | Funding Amount | Investor |
N/A | N/A | N/A |
The company is located in the Greater New York City Area, New York, United States, and employs 3 people.
Yes, Da Vinci Eye is still in business as of July 2024.
frequently asked questions
Who is the Founder of Da Vinci Eye?
Da Vinci Eye was founded by Samuel Gherman.
Did Da Vinci Eye get a deal on Shark Tank?
No, Da Vinci Eye didn’t get a deal on Shark Tank.