Lucy Drawing Tool is a company based in Lincoln, California, United States, founded in 2005. This innovative tool allows artists to create reflections of any object or photo, enhancing their drawing skills and boosting their confidence in their ability to draw anything.
The Lucy Drawing Tool is simple to use and does not require electricity or a computer. It provides a virtual image of the subject you wish to draw, making it an ideal companion for artists. Its portable design allows you to take it anywhere, and it operates without any additional components or accessories.
| It Is | It Is Not |
| Use it in your art studio | No Plugs |
| Take it outside | No Batteries |
| Show it to a friend | No Electricity |
| Travel with it | No Computers |
| Easy to Use | No Dark Room |
| Company Name | LUCIDArt |
| Founder | Les Cookson |
| Founded | Nov 2005 |
| Product | drawing tool that projects images for you to trace over |
| Asked For | $300k for 10% equity |
| Final Deal | $300k for 15% equity |
| Shark | Daymond John |
| Episode (Shark Tank USA) | S13 E19 |
| Air Date | Apr, 8 2022 |
| Business Status | In Business |
| Website | Visit Website |
| Headquarters | Lincoln, California, United States |
| Lifetime Worth (Sales) | $6.3M *estimated |
| Go To Amazon | Buy Now |
| Watch On | Amazon Prime |
Another Shark Tank Pitch
Who Is The Founder Of LUCIDArt?
Les Cookson is the founder and CEO of LUCIDArt, a company he started in 2005. Before presenting this innovative drawing tool on Shark Tank, Cookson introduced a brand called Carsik Bib to the show in 2011.
In addition to his entrepreneurial ventures, Cookson has served as the Vice President of Practical Industries since August 2010. His journey is sure to inspire many aspiring entrepreneurs looking to build their own brands.
Did LUCIDArt Get a Deal on Shark Tank?
Les Cookson, the founder of LUCIDArt, delivered an impressive presentation on Shark Tank, capturing the sharks’ interest. His product addresses a significant problem for artists, helping them enhance their drawing skills and produce better artwork.
Cookson sought $300,000 in exchange for 10% equity in his company, and the sharks were already aware of the sales figures prior to investing. Ultimately, Daymond John decided to invest $300,000 for 15% equity in the business.
What Happened To Lucy Drawing Tool After Shark Tank?
The Lucy Drawing Tool gained significant popularity after its appearance on Shark Tank, with many viewers expressing enthusiasm for the product. It offers a straightforward solution for artists, enabling anyone—regardless of skill level—to create art.
Although priced at a premium, the product is accessible to a wide audience, and many viewers shared their opinions about it on Twitter. Daymond John signed a deal with Les Cookson, and several months later, he remains actively involved with the business.
Cookson has successfully sold these drawing tools, optical toys, and hand-built replicas to artists, universities, and museums worldwide. He has also received offers from television and film production companies, including major players like Walt Disney, Warner Bros., 20th Century Fox, and Paramount Pictures.
Additionally, Cookson launched “The Lucy Drawing Course,” priced at approximately $37, which includes 14 video lessons for users. His clear and compelling presentation on Shark Tank resonated with the sharks, leading Daymond to invest in this unique tech product.
As of December 2022, there has been no evidence indicating that Daymond has exited the deal. Since appearing on Shark Tank, the company has also introduced new products, including a Watercolor Paint Set and a 25-Piece Drawing Kit. However, precise revenue information for the company is still unavailable.
We will continue to follow Les Cookson and his company for further updates.
What Is The Lucy Drawing Tool Net Worth?
The Lucy Drawing Tool was valued at $2 million following its investment on Shark Tank. The founder, Les Cookson, initially sought a $3 million valuation, but this figure was not achieved during negotiations.
Yes, Lucy Drawing Tool is still in business as of December 2022.
