Pick-Up Bricks is the world’s first kid-safe vacuum designed to collect building bricks and separate pet hair, dirt, and other debris.
The retail price of this innovative product is $99, but it is often available for $69 during sales. Customers can purchase the Pick-Up Bricks vacuum through the company’s website or on Amazon.
Company Name | Pick-Up Bricks | |
Founder | Steve Weinstock and Aurora Weinstock | |
Founded | 2021 | |
Product | world’s first kid-safe vacuum | |
Asked For | $200k for 10% equity | |
Final Deal | $200k for 16% equity | |
Shark | Mark Cuban | Lori Greiner |
Episode (Shark Tank USA) | S15 E8 | |
Air Date | Dec 8, 2023 | |
Business Status | In Business | |
Website | Visit Website | |
Headquarters | Los Angeles, California, USA | |
Lifetime Worth (Sales) | $348k *estimated | |
Buy and Watch | Buy Now | Amazon Prime |
Another Shark Tank Pitch
Who Is The Founder Of Pick-Up Bricks?
The co-founders of Pick-Up Bricks are Steve Weinstock and Aurora Weinstock. Aurora launched this innovative business after earning her BA in Communication and Media Studies from Fordham University.
How Was The Shark Tank Pitch Of Pick-Up Bricks?
Steve Weinstock and Aurora Weinstock entered Shark Tank seeking $200,000 for 10% equity in their business, Pick-Up Bricks. After detailing their business model, they secured a deal for $200,000 in exchange for 16% equity, teaming up with Mark Cuban and Lori Greiner.
The product has a landed cost of $32.64 and a retail price of $99, with sales commencing in June 2023 after four years of development. To date, they have achieved total sales of $348,000 and have invested $495,000 in the business.
The co-founders reported that their customer acquisition cost has decreased from $26 to $11. However, they currently face inventory challenges and require funding to boost their stock, especially since 75% of their annual sales occur during the holiday season.
During their pitch, Kevin O’Leary opted out, expressing concerns about the lengthy timeline for a potential 10x return and the difficulties of growth in the toy industry. Daymond John initially offered $200,000 for 20% equity, while Barbara Corcoran proposed $400,000 as a line of credit for 20% equity.
Lori Greiner matched Daymond’s offer of $200,000 for 20% equity. Mark Cuban then offered $200,000 for 12% equity, leading to counteroffers between Lori, Daymond, and the co-founders before finalizing the deal at 16% equity.
Sharks | Offers |
---|---|
Barbara Corcoran | $400k as a line of credit for a 20% equity (#1) |
Kevin O’Leary | No Offers |
Mark Cuban | $200k for 12% equity (#1) |
Daymond John | $200k for 20% equity (#1) $200k for 15% equity (#2) |
Lori Greiner | $200k for 20% equity (#1) $200k for 15% equity (#2) |
Founder’s (Countered) | $200k for 15% equity (#1) (Lori & Mark) |
Final Deals | $200k for 16% equity |
Pick-Up Bricks Shark Tank Update
Pick-Up Bricks successfully secured a deal on Shark Tank, with Mark Cuban and Lori Greiner investing $200,000 for 15% equity in the business.
Their involvement is expected to significantly benefit the company, providing mentorship that could help launch the product in retail stores and expand into international markets.
Following their appearance on Shark Tank, the product garnered attention on social media, where many users shared positive reviews. With the upcoming Christmas season in 2023, sales are anticipated to surge as more families discover this innovative vacuum designed specifically for kids.
The exposure from Mark and Lori, both of whom have extensive experience in building brands, is expected to further boost the business’s visibility and sales, potentially leading to international expansion.
What Is Pick-Up Bricks Net Worth?
Pick-Up Bricks has an estimated net worth of $0.4 million. The toy industry is highly competitive, with many established companies dominating the market, making it challenging for new businesses to thrive.
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 |
2023 | $348k *estimated |
Funding Reports to Date!
Years | Funding Amount | Investor |
2023 | $200K | Mark Cuban Lori Greiner |
The company’s headquarters is located in Los Angeles, California, and it operates with a small team of 1 to 10 employees.
Yes, Pick-Up Bricks is still in business as of December 2023.