I Want To Draw A Cat For You on Shark Tank Episode
I Want To Draw A Cat For You on Shark Tank Episode Steve Gadlin introduced his quirky business, “I Want To Draw A Cat For You,” on Shark Tank during Season 3, Episode 2, which aired on January 27, 2012. In his pitch, Gadlin sought $10,000 for a 25% equity stake in his company that specializes in custom stick figure cat…
I Want To Draw A Cat For You on Shark Tank Episode
Steve Gadlin introduced his quirky business, “I Want To Draw A Cat For You,” on Shark Tank during Season 3, Episode 2, which aired on January 27, 2012. In his pitch, Gadlin sought $10,000 for a 25% equity stake in his company that specializes in custom stick figure cat drawings.
His presentation was memorable, featuring a catchy jingle and an enthusiastic performance that captivated the sharks. Gadlin explained how customers could request personalized cat drawings based on their descriptions, which he would then create and post online.
The sharks had mixed reactions to his idea, with some finding it amusing while others questioned its profitability.
Finally, Mark Cuban recognized the potential in Gadlin’s concept and offered $25,000 for 33% equity, which Gadlin accepted. This deal marked a significant turning point for Gadlin’s venture, as it provided the necessary capital to expand his business and reach a broader audience.
I Want To Draw A Cat For You Shark Tank Update
Following his appearance on Shark Tank, “I Want To Draw A Cat For You” experienced considerable success. Gadlin drew over 18,794 custom cats and expanded his product offerings to include cat-themed merchandise, such as T-shirts.
His business was featured in a follow-up segment during Season 3, Episode 15, where it was highlighted that he had paid back Cuban and had hired several employees to help manage the growing demand.
After securing a deal with Mark Cuban for $25,000 in exchange for 33% equity, Steve Gadlin’s business took off. The exposure from the show led to a surge in orders, and Steve found himself drawing cats at a pace he had never imagined.
In the years following his Shark Tank appearance, Steve continued to fulfill orders, eventually raising the price of each drawing to $25 due to high demand. At one point, the demand was so overwhelming that Steve was booked out a year in advance. This level of success allowed him to repay Mark Cuban and continue growing the business.
However, in January 2015, Gadlin announced he would be closing the business to focus on his television show, “Steve Gadlin’s Star Makers.”Despite this announcement, Gadlin continued to draw cats for enthusiasts through social media and his website, indicating that the business wasn’t entirely defunct.
In June 2021, he relaunched the service, offering cat drawings for $9.95 each. By the end of 2021, he had completed over 21,000 drawings and committed to drawing one cat per day in 2022, with plans to donate proceeds to support other artists.
As of 2024, Gadlin is still actively drawing cats and remains booked out for a year, showcasing the enduring appeal of his unique artistic service.
What Episode Was I Want To Draw A Cat For You on Shark Tank?
I Want To Draw A Cat For You was featured on Shark Tank during Season 3, Episode 14, which aired on February 17, 2012. The episode is memorable not only for Steve Gadlin’s entertaining pitch but also for the way it highlighted the potential of niche, creative businesses to capture the imagination of both the sharks and the audience.
The episode is often revisited by fans of the show who appreciate its light-hearted and unconventional nature, making it a classic Shark Tank moment.
I Want To Draw A Cat For You Shark Tank Episode Full Episode
In the full episode of Shark Tank featuring I Want To Draw A Cat For You, Steve Gadlin asked for $10,000 in exchange for 25% equity in his business. His pitch was unique, as he presented his service of drawing custom cats through a fun song and dance, which immediately set the tone for a light-hearted and entertaining pitch.
Steve explained that he could draw about 25 cat pictures an hour, which meant he could produce approximately 1,000 drawings a week. He also shared that he had sold over 1,200 cat drawings in about a year, demonstrating that there was indeed a market for his whimsical service.
The sharks were intrigued by Steve’s enthusiasm and the novelty of his business, but some were concerned about the scalability and profitability of the concept. Kevin O’Leary and Robert Herjavec decided to pass, citing concerns about the small profit margins and the niche market.
However, Mark Cuban saw potential in Steve’s creativity and the low overhead costs of the business. He offered Steve $25,000 for 33% equity, with the condition that Mark would contribute a cat drawing at specific intervals. Steve accepted Mark’s offer, securing a deal that would help propel his business to new heights.
I Want To Draw A Cat For You How It Works
I Want To Draw A Cat For You operates on a simple and charming premise: customers describe a cat they want Steve Gadlin to draw, and he creates a custom illustration based on their description. The process is straightforward:
- Customer Submits a Request: Customers visit the I Want To Draw A Cat For You website and fill out a form describing the cat they want Steve to draw. The description can be as simple or as detailed as the customer likes.
- Steve Draws the Cat: Steve takes the customer’s description and creates a hand-drawn illustration of the cat. Each drawing is unique and reflects Steve’s playful and whimsical style.
- Delivery and Posting: Once the drawing is complete, Steve sends the illustration to the customer and posts it on his website for others to enjoy. The drawings are simple but filled with personality, making them a fun and personalized gift or keepsake.
The process is quick, with Steve able to complete a drawing in about two minutes. The current price for a drawing is $29.95, reflecting the growth and popularity of the service since its inception.
Gadlin’s ability to quickly draw a cat—typically in about two minutes—allows him to produce around 1,000 drawings per week when fully operational.
Over the years, the business has evolved, and Steve has even expanded into offering greeting cards and other merchandise featuring his cat drawings.
How Much Is I Want To Draw A Cat For You Worth?
As of the latest reports, I Want To Draw A Cat For You is worth an estimated $100,000 to $150,000. This valuation is based on the continued demand for Steve Gadlin’s custom cat drawings and the revenue generated from his website and related merchandise.
After appearing on Shark Tank, Gadlin sold over 18,794 custom cat drawings, indicating a strong customer base and demand for his services. The business model, which involves low overhead costs and high profit margins—drawing costs are minimal compared to the selling price—suggests a healthy financial outlook.
As of 2024, Gadlin’s service remains popular, with him charging $29.95 per drawing and being booked out for a year in advance. This sustained interest and the ability to generate consistent revenue indicate that the business is valued positively in the market, although an exact figure is not available.
The unique niche that Gadlin has carved out, combined with his innovative approach to customer engagement, contributes to a favorable perception of the business’s worth.
Is I Want To Draw A Cat For You Still In Business
Yes, “I Want To Draw A Cat For You” is still in business as of 2024. After a brief hiatus, Gadlin successfully relaunched the service in June 2021, offering custom cat drawings at a price of $29.95.
His business model has evolved, and he now draws one cat per day, with a commitment to donate a portion of the proceeds to support other artists and creative projects. This initiative not only keeps the business active but also fosters a sense of community and support for the arts.
Gadlin’s continued engagement with customers through social media platforms and his website has helped maintain interest in his unique offerings.
His ability to adapt and innovate, such as transitioning from traditional drawing methods to digital platforms, has ensured that “I Want To Draw A Cat For You” remains relevant and successful in a competitive market.
Customers can still order their custom cat drawings through the I Want To Draw A Cat For You website, and the business continues to thrive as a beloved and unique offering in the world of personalized art.
