Pick-Up Bricks Shark Tank Episode 8 Update & Net Worth

Pick-Up Bricks Shark Tank Episode 8 Update & Net Worth

Pick-Up Bricks, a unique vacuum product designed to quickly and safely collect small toy bricks, made its mark during its appearance on Shark Tank Season 15, Episode 8. The business was founded by brother-in-law and sister duo Steve Weinstock and Aurora Weinstock

. Aurora conceived the idea after repeatedly suffering foot injuries from stepping on loose toy bricks scattered by her children.

Determined to solve this common household problem, Aurora spent four years developing the prototype, which eventually led to the creation of the world’s first kid-safe Pick-Up Bricks vacuum.

The product quickly gained attention after a video showcasing its functionality went viral on TikTok in January 2023. The exposure on social media, combined with features on major platforms like the Today Show, helped boost sales significantly.

To further expand their business, Steve and Aurora appeared on Shark Tank seeking $200,000 for 10% equity, valuing their company at $2 million. After a series of negotiations, Mark Cuban and Lori Greiner teamed up to invest $200,000 for 16% equity, providing the company with the capital and mentorship needed to scale their operations.

As of January 2024, Pick-Up Bricks’ net worth is estimated at $400,000. The company continues to grow, particularly during the holiday season when demand for practical and innovative products like theirs peaks.

What Is Pick-Up Bricks?

Pick-Up Bricks is a vacuum designed specifically to pick up small toy bricks, such as LEGO pieces, from floors, making cleanup after playtime much easier and safer. The vacuum not only collects the bricks but also separates them from other debris like pet hair and dust, ensuring that the bricks are clean and ready for the next play session.

Priced at $99, with discounts available during sales (down to $69), the product is available for purchase on the company’s official website and on Amazon. The vacuum is kid-safe, allowing children to use it without the risk of injury, and is seen as a practical solution for parents looking to avoid the pain of stepping on small, sharp bricks.

What Happened To Pick-Up Bricks After Shark Tank?

Following their appearance on Shark Tank and the successful deal with Mark Cuban and Lori Greiner, Pick-Up Bricks saw an increase in sales and public interest. The product’s exposure on national television and subsequent social media buzz contributed to a surge in orders, particularly during the holiday season when parents are looking for practical gifts.

Mark and Lori’s involvement is expected to help the company overcome inventory challenges and expand its distribution channels, including potential placements in major retail stores. With their experience and connections, Mark and Lori are well-positioned to assist Pick-Up Bricks in scaling its business both domestically and internationally.

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Pick-Up Bricks Shark Tank Episode 8 Season 15: What Happened at Shark Tank Pitch?

During their pitch on Shark Tank Season 15, Episode 8, Steve and Aurora Weinstock asked for $200,000 for 10% equity in Pick-Up Bricks, valuing the company at $2 million. They explained the product’s journey, from Aurora’s initial idea sparked by stepping on loose toy bricks to the four years of development that resulted in the final product.

The product, which started selling in June 2023, had already generated $348,000 in sales by the time of their Shark Tank appearance. The landed cost of each unit is $32.64, and it retails for $99. Despite the high demand, the company faced inventory challenges and needed funding to scale production and meet growing consumer interest.

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The Sharks recognized the potential in the product but had different views on the valuation and investment terms. Kevin O’Leary and Barbara Corcoran both passed on the opportunity, with Kevin citing the long wait for a return on investment in the toy industry.

Daymond John initially offered $200,000 for 20% equity, while Mark Cuban offered $200,000 for 12% equity. After some back-and-forth, Mark and Lori teamed up to offer $200,000 for 16% equity, a deal that Steve and Aurora accepted.

Pick-Up Bricks Shark Tank Pitch Summary

How Much Is Pick-Up Bricks Worth?

As of January 2024, Pick-Up Bricks has an estimated net worth of $400,000. The company’s valuation reflects its early-stage growth and the potential for significant expansion in the toy industry. With the support of Mark Cuban and Lori Greiner, Pick-Up Bricks is expected to overcome initial challenges and achieve a stronger market presence.

The toy industry in the United States is a lucrative market, valued at $24.34 billion in 2022, with the global market estimated at $183 billion. Pick-Up Bricks, with its innovative and practical solution, is well-positioned to tap into this market and expand its reach.

Is Pick-Up Bricks Still In Business?

Yes, Pick-Up Bricks is still in business as of December 2023. The company continues to operate out of its headquarters in Los Angeles, California, with a small team of 1-10 employees. The deal with Mark Cuban and Lori Greiner has provided the company with the necessary resources to address inventory issues and expand its market presence.

The holiday season in December 2023 saw a significant increase in sales, and the company is working on scaling its operations to meet the growing demand. With the continued guidance of Mark and Lori, Pick-Up Bricks is poised for further growth in the coming years.

Which Episode Number Was Pick-Up Bricks Shark Tank?

Pick-Up Bricks appeared on Shark Tank during Season 15, Episode 8, which aired on December 8, 2023. The episode marked a turning point for the company, as it secured a crucial investment from two of the most successful Sharks, Mark Cuban and Lori Greiner.

Frequently Asked Questions

What is Pick-Up Bricks?
Pick-Up Bricks is a vacuum designed to safely and efficiently collect small toy bricks, such as LEGO pieces, from floors, helping to prevent injuries and making cleanup easier.

How much did Pick-Up Bricks ask for on Shark Tank?
The founders, Steve and Aurora Weinstock, asked for $200,000 in exchange for 10% equity during their pitch on Shark Tank.

Who invested in Pick-Up Bricks on Shark Tank?
Mark Cuban and Lori Greiner invested $200,000 in Pick-Up Bricks for 16% equity.

What is the current net worth of Pick-Up Bricks?
As of January 2024, Pick-Up Bricks has an estimated net worth of $400,000.

Is Pick-Up Bricks still in business?
Yes, Pick-Up Bricks is still in business and continues to grow, particularly during the holiday season.

Which episode of Shark Tank featured Pick-Up Bricks?
Pick-Up Bricks was featured in Season 15, Episode 8 of Shark Tank.