Pick-Up Bricks, a kid-friendly vacuum cleaner to clean building blocs, telecasted Shark Tank USA in 2023 on Season 15. The founders were seeking $200,000 for 10% equity for their business. However, they secured a deal with Mark Cuban and Lori Greiner, which was $200,000 for 16% equity. In this article, we will explore Pick-Up Bricks’s net worth in 2024, its Shark Tank pitch summary, and more.
Pick-Up Bricks Net Worth
As of August 2024, Pick-Up Bricks’s net worth is estimated at $1.65 million, and its annual revenue is not disclosed.
Net worth | $1.65 million *estimated |
Annual Sales Revenue | Not Available |
Profits | Not Available |
Lifetime sales | $348,000 (As of 2023) |
Employees | 2-10 employees |
Pick-Up Bricks Net Worth Timeline
Net Worth 2024 | $1.65 million |
Net Worth 2023 | $1.5 million |
Net Worth 2022 | $1 million |
Shark Tank Pick-Up Bricks Update from Season 15
Aurora and Steven walked into the Shark Tank, hoping to get a deal from the Sharks. Firstly, she introduced herself and Steven, who is her brother-in-law. She then started their pitch by asking for $200,000 in exchange for 10% equity, valuing the company at $2 million.
Steven explained how these small bricks are a big problem for parents, making a mess and causing pain if stepped on. He challenged the Sharks to take off their shoes and walk on the bricks. Steven then pointed out that parents often struggle to get these bricks from their kids to clean up these tiny pieces, which led Aurora to create Pick Up Bricks.
Pick Up Bricks is a cordless vacuum specially designed to help kids clean up their toys. This vacuum turns tidying up into a fun activity. Although it’s intended for kids aged five and up, even children as young as three can use it.
The vacuum’s patented design can separate dirt, dust, and pet hair from toys, ensuring they’re clean and ready for storage or play. It’s perfect for picking up Lego pieces and other small toys. This product is beneficial for both kids and parents, as it encourages children to clean up after themselves, saving parents the hassle of daily toy clean-up. Each Pick-Up Bricks vacuum comes with a rechargeable battery and charger.
The Sharks were given a demonstration with toys placed on their tables. Kevin praised the product, calling it fun. He then asked about the price and cost of manufacturing each unit. There, Steven shared that Pick Up Bricks sell for $99 and cost $32.64 to produce.
When Kevin asked if they were working with any retailers, they said no. Because they were only selling the product through their website. Lorin then asked how long the product had been on the market. Aurora explained that they began developing the product four years ago but only started selling it last summer.
Kevin asked about the Cost Per Acquisition (CPA) for the product. There, Steven explained that it started at $26 but had dropped to $11 by the time of the show, and further, they said they had a goal to reduce it to under $10. Mark then inquired about their total sales, which Steven stated that it was $348,000. Despite this, Kevin O’Leary expressed concerns about their profit margins.
Lori Greiner asked if their costs would decrease with higher production volumes. Steven confirmed it and added that they are discussing with a manufacturer to reduce production costs to $20. Then, Sharks asked about their investments so far. There, Aurora shared that they have invested a total of $495,000.
However, they needed additional funds to help with inventory, especially to prepare for 75% of their sales expected in the filming year holiday season. But, Kevin O’Leary acknowledged that they had solved a significant problem for parents but felt the profit margins were too low for him to get a good return on his investment. So, he decided not to invest in the deal.
Daymond John offered $200,000 for 20% equity. Then, Barbara Corcoran proposed a $400,000 line of credit in exchange for 20% equity. Then, Lori also praised the product and offered something similar to Daymond’s offer, which was $200,000 for 20% equity. Mark also did not give up on the deal, and he offered a contract of $200,000 for 20% equity.
At that moment, Lori changed her offer to $200,000 for 15% equity. She mentioned that she could help grow the brand by adding more products, as she did with Scrub Daddy. Then Daymond quickly offered $200,000 for 15% equity, which was similar to Lori’s new offer. In response, Steven proposed that Lori and Mark team up for $200,000 and 15% equity, with each getting 7.5% equity.
However, the Sharks didn’t go for this idea. Then, Steven and Aurora quickly discussed their options and made a new counteroffer, which was $200,000 for 16% equity, proposing a joint deal with Mark and Lori. Finally, the Sharks agreed with them, and the two left with an agreement in hand, valuing the company at $1.25 million.
Company Name | Pick-Up Bricks |
Founders | A kid-friendly vacuum cleaner to clean building blocks |
Business | Vacuum for kids to clean up their building bricks |
Episode | Season 15, Episode 08 |
Asked Deal | $200,000 for 10% equity |
Final Deal | $200,000 for 16% equity |
Sharks | Mark Cuban and Lori Greiner |
Business Status | In Business |
Company Website | Visit Website |
Headquarter | Sherman Oaks, California, United States |
Summary of the Sharks’ Deal List!
Shark | Offer | Counteroffer |
Mark Cuban & Lori Greiner | 01 – $200,000 for 18% equity | 01 – $200,000 for 15% equity, with both sharks getting 7.5% equity (From Steven Weinstock) 02 – $200,000 for 16% equity (From Steven Weinstock) Accepted Deal |
Mark Cuban | 01 – $200,000 for 20% equity | No |
Lori Greiner | 01 – $200,000 for 20% equity 02 – $200,000 for 15% equity | No |
Daymond John | 01 – $200,000 for 20% equity 02 – $200,000 for 15% equity | No |
Kevin O’Leary | No | N/A |
Barbara Corcoran | 01 – $400,000 line of credit in exchange for 20% equity | No |
What Happened to Pick-Up Bricks after Shark Tank?
As of August 2024, the Pick-Up Bricks is still in business. After appearing on Shark Tank, Pick Up Bricks saw a big increase in sales. Many customers left positive reviews on social media, and the company received a lot of orders for the Christmas season. Also, before appearing in Shark Tank, they had below 1000 followers on their Instagram, but after the show aired, its number was up to 1400 followers.
The Pick Up Bricks toy-cleaning vacuum usually costs $99, but it’s currently on sale for $69.30 due to the special discounted price! You can buy Pick Up Bricks on Amazon and the brand’s website. The website also offers various accessories and replacement parts. Positive reviews on Amazon show that customers are happy with the product.
Pick-Up Bricks Founders
Aurora Weinstock and Steven Weinstock are the founders of Pick-Up Bricks, which was started in 2021. Aurora, a mother of three, wondered why no one had invented a vacuum for children to clean up their small toys. She then realized that she could create one herself. With help from her family, they brainstormed the idea and conducted extensive child testing.
Her brother-in-law, Steven, later joined her in this effort. Together, they have spent four years designing and developing the Pick Up Bricks. In the business, Steven manages daily operations, including shipping, inventory, customer service, and marketing. He also works as a consultant at Weinstock Consulting.
Steven holds a Bachelor’s degree from Brown University and a Master’s from UCLA Anderson School of Management. Aurora holds her bachelor’s degree in communication and media studies at Fordham University. Aurora Weinstock and Steven Weinstock’s net worth is unknown as of August 2024.
Pick-Up Bricks Achievements and Awards
Year | Achievements and Awards |
2023 | The company was featured on Shark Tank and secured a deal from Mark Cuban and Lori Greiner |
Conclusion
Shark Tank is a TV show showcasing different business ideas, helping them succeed. Pick-Up Bricks was one of the ventures featured on the show. They made a deal with Mark Cuban and Lori Greiner, showing that success is possible with the right idea and execution. Now, we eagerly await to see how their success story unfolds in the future.
Before you leave, check out the other company updates in Season 15, Episode 08.