Play Maysie Shark Tank Episode S14 E20 Update & Net Worth

Play Maysie Shark Tank Episode S14 E20 Update & Net Worth

Play Maysie, a company offering the first-ever portable dollhouse, was featured on Season 14, Episode 20 of Shark Tank. Founded by Kayla Lupean in 2020, the company introduced an innovative dollhouse designed for on-the-go play. The unique design, inspired by vintage tin lunchboxes, allows kids to carry their dollhouse anywhere, making it a versatile toy for travel and home use.

During her appearance on Shark Tank, Kayla sought $150,000 for 10% equity, valuing her business at $1.5 million. Despite facing some tough questions from the sharks, she managed to secure a deal with Barbara Corcoran, who offered $150,000 for 20% equity plus a $7 royalty per unit until the investment is repaid.

As of the latest update, Play Maysie is thriving, with an estimated net worth of $750,000. The company continues to grow, with its products gaining recognition in major retail outlets and being featured in top media publications.

What is Play Maysie? How Does it Work?

Play Maysie is a portable dollhouse designed for children to play with wherever they go. The dollhouse is crafted to resemble a tin lunchbox, a nostalgic design that adds to its charm and portability. The front of the dollhouse opens up to reveal interchangeable rooms, which can be customized based on different themes such as Wild Case, Cozy Case, and Home Case.

One of the standout features of Play Maysie is its magnetic floors, which keep the wooden furniture and accessories securely in place. This thoughtful design reduces the chances of losing pieces and makes cleanup a breeze, allowing kids to enjoy their playtime without creating a mess.

The average cost of a Play Maysie dollhouse is $48, making it an affordable yet premium toy option for parents looking for innovative, high-quality products for their children. The dollhouses are also designed to be durable and long-lasting, ensuring they can withstand the rigors of play and travel.

In addition to its practicality, Play Maysie is also a product with a strong focus on storytelling. Kayla’s vision for the brand includes creating rich character storylines that can engage children’s imaginations and enhance their play experience.

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Play Maysie Shark Tank Episode S14 E20: What Happened at Shark Tank Pitch?

When Kayla Lupean entered the Shark Tank, she asked the sharks for $150,000 for 10% equity in Play Maysie, valuing the company at $1.5 million. She passionately presented her product, explaining how the idea for the portable dollhouse came to her on Christmas night in 2020. As a single mother, Kayla had faced significant challenges, including losing her photography business due to the COVID-19 pandemic, which led her to start Play Maysie.

Kayla shared that she initially invested $25,000 of her savings into the business and launched a successful Kickstarter campaign in March 2021, raising $29,475 to fund the first production run. The funds were used to create molds for the tin boxes, secure trademarks and patents, and establish a strong foundation for the brand.

Financially, Kayla revealed that the landed cost of producing each dollhouse was $13, while the retail price was $49.99 (now $48), leaving a 70% profit margin. By the end of 2021, she had generated $170,000 in revenue and projected sales of $400,000 by the end of 2022.

Despite the positive response to her product, Daymond John, Kevin O’Leary, Lori Greiner, and Mark Cuban all declined to invest, citing concerns about the scalability and profitability of the business. However, Barbara Corcoran saw potential in Play Maysie and offered $150,000 for 20% equity with a $7 royalty per unit until her investment was repaid. Kayla accepted Barbara’s offer, securing the funding she needed to take her business to the next level.

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Play Maysie Shark Tank Pitch Summary

What Happened to Play Maysie After Shark Tank?

Since securing a deal with Barbara Corcoran on Shark Tank, Play Maysie has continued to grow and expand its presence in the toy market. The investment and guidance from Barbara have been instrumental in helping Kayla scale her business, improve marketing strategies, and increase production capacity.

Following the airing of the Shark Tank episode, Play Maysie saw a surge in sales and interest from consumers. The brand’s social media accounts were flooded with congratulatory messages, and the website experienced a significant increase in traffic and orders.

Kayla’s goal of making Play Maysie a household name in the toy industry is well on its way to becoming a reality. The brand has been featured in several high-profile media outlets, including Forbes and ABC News, and was recognized by Parents.com as the “Best Preschool Toy of 2022”.

In addition to online sales, Play Maysie has begun exploring opportunities to expand its retail presence. The company is in discussions with major retailers to bring the product to a wider audience, both in the United States and internationally.

Kayla has also been working on expanding the product line, with new themes and accessories that enhance the play experience and provide more options for children and parents. The future looks bright for Play Maysie, with the potential for continued growth and success in the competitive toy market.

How Much Is Play Maysie Worth?

As of the latest update, Play Maysie is estimated to have a net worth of $750,000. This valuation reflects the company’s growth potential, recent sales performance, and the strategic investment made by Barbara Corcoran.

Before appearing on Shark Tank, Play Maysie had generated approximately $400,000 in lifetime sales, with strong growth expected in the coming years. The deal with Barbara Corcoran has provided the company with the financial backing needed to scale operations, expand distribution, and increase profitability.

The toy industry is a highly competitive market, but Play Maysie has carved out a niche with its unique, portable dollhouse design. The product’s combination of functionality, durability, and storytelling appeal has resonated with parents and children alike, positioning the brand for continued success.

Is Play Maysie Still in Business?

Yes, Play Maysie is still in business and continues to thrive. The company operates out of its headquarters in Cleveland, Ohio, and has been actively expanding its market presence following its appearance on Shark Tank.

The partnership with Barbara Corcoran has been instrumental in helping Play Maysie manage its growth, improve its financial health, and scale its operations. The brand’s products are now available through its official website, on Amazon, and are being considered for placement in major retail stores.

As Play Maysie continues to grow, the company is likely to introduce new products and explore additional markets, ensuring that it remains a leader in the portable dollhouse category.

Which Episode & Season Number Was Play Maysie on Shark Tank?

Play Maysie was featured in Season 14, Episode 20 of Shark Tank. The episode aired on April 14, 2023, and showcased the company’s innovative approach to creating portable dollhouses for children.

The appearance on Shark Tank provided Play Maysie with significant exposure, helping to boost brand recognition and sales. The successful partnership with Barbara Corcoran has since played a crucial role in the company’s ongoing development and success.

FAQs

Who is the founder of Play Maysie?
The founder of Play Maysie is Kayla Lupean, who launched the brand in 2020 after coming up with the idea for a portable dollhouse on Christmas night.

What does Play Maysie do?
Play Maysie offers a portable dollhouse designed for on-the-go play. The dollhouses are inspired by vintage tin lunchboxes and feature interchangeable rooms and magnetic floors to keep accessories in place.

How much did Play Maysie ask for on Shark Tank?
The founder asked for $150,000 for 10% equity in Play Maysie during their Shark Tank pitch.

Did Play Maysie get a deal on Shark Tank?
Yes, Play Maysie secured a deal with Barbara Corcoran for $150,000 for 20% equity plus a $7 royalty per unit until the investment is repaid.

Is Play Maysie still in business?
Yes, Play Maysie is still in business and continues to grow, with their products available on their website and Amazon.