'Shark Tank': Pink Picasso closes $400K deal with Lori and Daniel amid bidding war
Who would have ever thought that the Sharks love painting, that too painting by numbers? The recently aired episode of 'Shark Tank' featured Ashley and Brittany Silfies, founders of premium paint by numbers kit company called 'Pink Picasso'. They stepped into the tank seeking $400,000 for a 5% stake in their company. Little did the duo know that they would launch an intense bidding war between four Sharks vying to close the deal with them.
Ashley and Brittany explained how they came up with the idea for Pink Picasso after 'blowing up their life' when the ladies decided to end their marriages of over a decade and get together. One day Ashley was staring at the wall wondering how she could make money using her photography and packaging skills, that's when she had her eureka moment and came up with paint by numbers kits idea, giving birth to Pink Picasso. With Pink Picasso anybody can create stunning professional-looking paintings, and the Sharks loved every bit of it although there was nothing new about their product, the Sharks couldn't deny how relaxing the activity was. When the ladies began sharing teir numbers and revealed that they made $900,000 in profits last financial year, this further piqued the interest of the Sharks especially Kevin O'Leary, Lori Greiner, and Daniel Lubetzky.
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Mr. Wonderful aka Kevin saw Pink Picasso as a goldmine and wasted no time in rolling out an offer. He made an offer of $400,00 for a whopping 33.3% stake in their company. Lori and Daniel jumped in with their joint offer of $400,000 for a 20% stake. Mark Cuban decided to sit out from making a deal, and Barbara too echoed same sentiments by pointing out when they have such great numbers they don't really need the help of 'big guys' or Sharks although the Silfies came into the tank looking for a Shark to mentor them.
After hearing her fellow Sharks' offers, Barb changed her mind and decided to jump back in and make an offer of her own. She gave them an offer of giving the $400,000 as a loan at an 8% interest rate and a 5% stake in their company. Kevin too revised his offer and tweaked it to $400,000 for a 3% stake and a royalty of $6 for every kit sold. After some deliberation, the Silfies decided to close the deal with Daniel and Lori as they felt that the two Sharks would be able to help them the most and open several doors for them.
Fans were thrilled to see Pink Picasso closing the deal with Lori and Daniel. A fan tweeted, "Pink picasso, great offer Lori and Daniel #SharkTank." Another fan wrote, "Yes they need a shark to walk them in those important rooms #SharkTank #pinkpicasso." "Congratulations to @LoriGreiner and @DanielLubetzky and #PinkPicasso! We will be customers! #SharkTank," commented a fan.
Pink picasso, great offer Lori and Daniel #SharkTank— Lance Becvar (@Dadsonpowermode) November 20, 2021
Yes they need a shark to walk them in those important rooms #SharkTank #pinkpicasso— J. Seaberry (@JJSea) November 20, 2021
Congratulations to @LoriGreiner and @DanielLubetzky and #PinkPicasso! We will be customers! #SharkTank— Ryan Bartholomee (@RyanBartholomee) November 20, 2021
Another fan shared, "Considering the sales of adult coloring books @pinkpicasso_ is a no brainer to invest with It's been done before but America loves this type of crafts. Truly a great gift also #SharkTank." "I love seeing a company I’ve purchased from on #SharkTank ! My teen daughter painted this flamingo from #PinkPicasso that now hangs in my home. Good job ladies!," expressed a fan. "I LOVE this #PinkPicasso business, because it’s not something that’s really out there that’s this interesting and cool! Brava, Ladies!!!!!! @ABCSharkTank #SharkTank," added a fan.
Considering the sales of adult coloring books @pinkpicasso_ is a no brainer to invest with It's been done before but America loves this type of crafts. Truly a great gift also #SharkTank— Honey Barbeque(We) (@McjiltonTony) November 20, 2021
I love seeing a company I’ve purchased from on #SharkTank ! My teen daughter painted this flamingo from #PinkPicasso that now hangs in my home. Good job ladies! pic.twitter.com/eHTgbPgxCv— Val P (@valeriep35) November 20, 2021
I LOVE this #PinkPicasso business, because it’s not something that’s really out there that’s this interesting and cool! Brava, Ladies!!!!!! 👏🏼😊 @ABCSharkTank #SharkTank— Elsa❤️🇺🇸💚🐕💛🦋🧡⚾️💙🇵🇷🤍 (@Elsa050467) November 20, 2021
'Shark Tank' Season 13 airs every Friday at 8/7c on ABC. Missed an episode? Been wanting to catch up? Episodes can also be viewed the next day on demand and on Hulu. Not just that, you can also watch old seasons and episodes on Amazon Prime Video and iTunes.