CreaProducts was valued at $2 million during the Shark Tank pitch. CreaProducts ships worldwide for $9.95 shipping and handling per order. You may opt-out by. Heading into 2022, the 10 wealthiest individuals in the world are all worth more than $100 billion, according to the Bloomberg Billionaires Index. Deal: $1.75 million for a 25% equity stake. He also published a book on how innovation can be harnessed to avoid a climate crisis. The former Microsoft CEOs fortune has climbed by $16 billion since last year as a result of the uptick in Microsofts share price. The company rose over $1 million in a Kickstarter campaign in 2014, which was followed by a pre-sale through Indiegogo that rose over $100,000. Customers also report that they save a lot of money by avoiding salon visits. Her self-help hair cutting and cosmetics application products enable her to assist her parents, a goal she has set for herself. Mai Lieu invented CreaProducts in 2012. She also sells Risqu, which is lacy, seductive slip-on foot stockings described as lingerie for your feet. Lieus products have taken over the cosmetic accessory industry, and she now has international distribution. In the year 2021-22, he added around 2.6 million USD to his wealth. She had 30,000 YouTube subscribers and 20 million views. There are two components namely the teeth and the lock that holds your hair in place. In three easy steps just clip slide and cut to trim and create layers in minutes. Bezos is the worlds wealthiest person for the fourth straight year, despite temporarily losing that title to Elon Musk in January. Robert Edwards mother Judy was constipated. During her presentation, Mai demonstrated the effectiveness of her product, the CreaClip, by cutting her own hair and bangs using the clip while the Sharks watched skeptically. As of January 2022, her company was still in operation, generating annual revenue of $3 million, allowing Mai to fulfill her ambition of supporting her parents with her self-help hair cutting and cosmetics application products. His rise to prominence has been fueled by the rise in hard effort. Mai also distributed free samples of her other products, the CreaNails stencils and CreaLash. Also, do check our Startup Resources section, and dont forget to join our weekly newsletter which contains pure startup and business wisdom and no bullshit!! Why Did Move Loot Shutdown? The blue clip is for thin/fine hair while the white clip is for medium to thick hair. Since then, the company has been performing well with yearly sales of $3 million. Post appearance on shark tank Mai Lieus business became noticeable which led to more visits to her website. In the past year, Mai has sold $500,000 worth of CreaClips, her main product. This year Walmart heirs Rob Walton and Jim Walton were overtaken by Musk and Google cofounder Sergey Brin. CEO of Meta, Mark Zuckerberg walks to lunch following a session at the Allen & Company Sun Valley Conference. Dunning Kruger effect: Why it matters in business? The product works very well at layering hair and giving it extra volume. Sign up for Mai's Inner Circle Private Facebook Group. The Original CreaNails are nail stencils that prevent nail polish from getting on the sides of your fingers. This abandoned high school was converted into a 31-unit apartment building, stepped down from his role as CEO of Amazon, giving away the vast majority of his fortune. What is Prank-O? This thought led her to explore the articles on start-ups. The product works very well on short hair, long hair, and in between lengths of long hair. Mai continued to expand her company and internet presence and even appeared as a model for Honokaa in a 2017 calendar. Stephan Aarstol, 43, had just hired his first employee at his San Diego start-up, which sold stand-up paddle boards online, when he got a call from a producer at Shark Tank in 2011. Her pitch into Shark investments is to scale her business to the next level. When Trew Quackenbush, 38, met Corey Ward, 40, Quackenbush was working with Wards wife at a Cincinnati restaurant called Palomino, where Quackenbush was executive chef. Started her life as a poor immigrant when her mom used to cut her bangs now an empowered woman entrepreneur, an award-winning hairstylist with more than 20 years of enriching experience. Lori made an offer of $200,000 in exchange for 25% equity in the company. Yes! The companys stock is up more than 5% since last years list, thanks in part to efforts to boost online sales to compete with Amazon Prime. With both in the set, users may build an infinite number of hairstyles. Mai gives out samples to the sharks on CreaClip, CreaNails, and CreaLash. The Tesla co-founder, who this year changed his title from CEO to "Technoking of Tesla" in a March regulatory filing, has enjoyed a massive wealth increase thanks to the rapid growth of his electric automaker. CreaProducts is http://www.creaproducts.com. Both CreaNails and CreaLash cost $24.99. The show opened up the door to the mass Alex Murdaugh is a former South Carolina attorney and member of a prominent legal family in the state with a current net worth of $1 million. For the most up-to-date styles and methods, please visit our YouTube channel and watch our free instructional videos. $19.99 USD Lori Greiner offered $220,000 for 22.5% equity shares of the company. What Happened to CreaClip after Shark Tank? 2015 revenue: Between $9 million and $10 million. It worked just as well on dishes, drying quickly and resisting odors. Weight loss is a $200 billion market, he says. In Season 7 episode 27 of Shark Tank, author, speaker, and entrepreneur Mai Lieu introduces the Sharks to her globally successful firm, CreaProducts. Most Americans say that to be considered "wealthy" in the U.S. in 2021, you need to have a net worth of nearly $2 million $1.9 million to be exact. Based in Austin, TX, the company plans to add 5 to 10 people to its staff of 45 employees. CreaProducts was founded in 2012 by Mai Lieu. WebSALE Original CreaClip Set Now $39.99 Verified Get Offer 17% Off 17% off CreaClip Set & Scissors Verified Get Offer SALE Sitewide Offer $4.99 Flat Rate Shipping on any order However, given that the companys yearly sales have been increasing since its appearance on Shark Tank and that Mai Lieus net worth is expected to increase in the future, it is possible that CreaProducts net worth will also increase by 2023. What Happened to The Scrubbie After Shark Tank? It explains how to remove the CreaClip, so they can use it again and again! Net Worth of CreaProducts The company valuation was $2 million during the pitch, since then the company has been performing well with yearly sales of $3 million in 2021. CreaProducts creates and sells products that work to help people with their self-esteem, improve their looks, and make the world a better place. Mai revealed that her primary product, the CreaClip, had generated $500,000 in sales in the previous year, with 150,000 units sold in a single week after her video went viral. The recent lockdown period has made her realize the high reliance on Digitalisation over us humans and the significance it holds. Aarstol says he learned Internet retailing from his previous venture selling high-end poker chips online, though that business faded. He doesnt pay for Google ads, instead focusing on optimizing his website with content so that it appears at the top of Google searches. Her products are available in dozens of countries through her website and Amazon. The CreaClip is available in two sizes. His Shark Tank appearance gave Tower a huge boost, sending revenue from $265,000 in 2011 to $1.3 million in 2012. Mai replies with $200,000 for 20% stake, but Lori only meets her halfway, at $200,000 for 22.5% equity. Every CreaClip comes with a 100% money back guarantee which allows customers to return their order if they are not happy with their results. He wont divulge its margins or profits but says it has no debt and is very much in the black, with a staff of 55. In 2023, Matthew Fitzpatricks net worth is around 10 million USD. Inventor . The CreaClip and comparable items rivals include a variety of haircutting devices such as hair cutting kits and home haircutting manuals. Their San Diego company has branched into other holiday wear, like a $35 stars and stripes t-shirt for the Fourth of July and $25 green plaid St. Patricks Day leggings. Sign up for Mai's Inner Circle Private Facebook Group. Required fields are marked *. Kevin OLeary stated that he could not market hair products and went out, leaving only Barbara Corcoran and Lori Greiner. The butters range in price from $7 to $15. Kisstixx: What Happened After Shark Tank? Hawaii Surfer & Spearfisher! Entrepreneur Lifestyle. The former world's richest man did not add nearly as much to his net worth as Musk, but Bezos is still leaving 2021 with $5 billion more than he entered it with. Do tell us all your thoughts in the comments section below, we look forward to reading all the comments in the section below. Robert Herjavec found Mais story particularly compelling since his father was also a refugee. The product is one of a kind and can be used by amateurs as well as experienced hair stylists. Tesla shares are up about 60% this year, and the company hit a $1 trillion market cap for the first time in October. The 72-year-old holds the title of Europe's richest man. As of January 2022, her company was still in operation, generating annual revenue of $3 million, allowing Mai to fulfill her ambition of supporting her parents with her self-help hair cutting and cosmetics application products. What Happened To Coffee Meets Bagel After Shark Tank. Mai entered the Shark Tank seeking for $200,000 for 10% stake in her firm, which worth $2 million. She visited Canada on a speaking tour in August 2016. Minus Cal: What Happened After Shark Tank? After her video went viral, she sold 150,000 units in a single week. Barbara quips that shes willing to accept a full price offer from Lori, which was unusual in the Tank. It worked well for Judy, 67. This year hes planning to add three employees to his staff of six and with Cubans encouragement, will sell beach-related products like trendy wood sunglasses. "We have spent so much of the last year focusing on getting through today, but we're now seeing an opportunity to look ahead and plan for tomorrow," Williams says. CreaProducts has received positive reviews, with customers calling their experience easy and complimenting the quality of the cut. CHECK OUT: Single mom earns $10,000/month on Outschool: 'I would have never been able to make as much money as a regular teacher' viaGrow with Acorns+CNBC. My episode re-aired in March, says Krause, and I instantly had 5,000 people on my site.. Her CreaNails nail stencils are made to fit over your fingers and prevent unwanted nail paint from getting all over your fingertips. Shravni is currently pursuing her degree in BBA from Symbiosis, Pune. In addition to the CreaClip, Lieu also sells other beauty accessories. Cooks net worth is $1.8 billion as of Nov. 3, according to the Real-Time Billionaires List by Forbes. All the sharks made pitches but Herjavec offered the sweetest deal. 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