Pick-Up Bricks Shark Tank Update (Season 15)

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.

Pick-Up Bricks Vaccume Product
Image credit by pickupbricks.com
Company NamePick-Up Bricks
FounderSteve Weinstock and Aurora Weinstock
Founded2021
Productworld’s first kid-safe vacuum
Asked For$200k for 10% equity
Final Deal$200k for 16% equity
SharkMark Cuban Shark Tank Profile Mark CubanLori Greiner Profile for Shark Tank Lori Greiner
Episode (Shark Tank USA)S15 E8
Air DateDec 8, 2023
Business StatusIn Business
WebsiteVisit Website
HeadquartersLos Angeles, California, USA
Lifetime Worth (Sales)$348k *estimated
Buy and WatchBuy NowAmazon Prime

Another Shark Tank Pitch

Who Is The Founder Of Pick-Up Bricks?

Pick-Up Bricks Founders Steve Weinstock and Aurora Weinstock
Image credit by ABC Shark Tank

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.

SharksOffers
Barbara Corcoran Barbara Corcoran$400k as a line of credit for a 20% equity (#1)
Kevin O'Leary Shark Tank Profile Kevin O’LearyNo Offers
Mark Cuban Shark Tank Profile Mark Cuban$200k for 12% equity (#1)
Daymond John Daymond John$200k for 20% equity (#1)
$200k for 15% equity (#2)
Lori Greiner Profile for Shark Tank 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.

YearsAnnual Revenue
2023$348k *estimated

Funding Reports to Date!

YearsFunding AmountInvestor
2023$200KMark 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.

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