What Happened To Poplight After Shark Tank | #sharktankus

Entrepreneurs Caroline and Rose introduced their innovative lighting company, Poplight, on Shark Tank Season 15. They pitched their product: a stick-on, rechargeable wall sconce that installs without any tools, perfect for renters or anyone who doesn’t want to drill holes in their walls. They asked the Sharks for a $150,000 investment in exchange for 8% equity in Poplight.
The idea for Poplight came when Caroline and Rose moved into a home with outdated wiring. Hiring an electrician to install wall lights would cost over $1,000, so they developed a simpler solution. Poplight lights up any space by adhering to the wall with adhesive, and each light is USB-C rechargeable. Users can adjust brightness and set timers using a mobile app. Each Poplight costs about $30 to make but sells for $95, giving them a solid profit margin.
During the pitch, Kevin O’Leary, known for his royalty-based deals, offered $150,000 for 8% ownership and a $2 royalty on every sale until he earned back $500,000, after which it would drop to $1 per unit. Caroline and Rose accepted Kevin’s offer.
Since Shark Tank, Poplight has seen a surge in orders and social media buzz. The business is booming, and their estimated net worth is now around $2.29 million.

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[JudyChilds-fuem]

Brilliant, can you cover updates on companies that didn't make Shark Tank, but still made it? ✌️

[MrChrissyr]

Firstly, great advertising, , I've never heard of it, secondly $95 for a piece of plastic junk, NO WAY!!

[crazymodels]

China done this years ago for a fraction of the price

[DennisSmith-dqiu]

I just bought a different brand at Costco. 2 in a pack for $29

[tranphuocloc]

95$? It's more expensive than my bed Lol😂

[marcludwick]

$95?! Get outta here with that ripoff.

[NatalieFromCA]

Amazon sells one that’s like a little torch light and it’s magnetic to the base so you can walk to the kitchen and leave it on a different base or whatever if you buy multiple

[pattystordahl]

We have better options they are those stuck on lights that you just push the heads of. Like set of long life batteries turn lights on no electricity.

[pattystordahl]

To expensive for me but it’s a great idea!

[sabahasly]

So I give you a large amount of money to buy a percentage of your company and you pay me back the money but I still own 8%? this doesn’t add up

[Mr.Morningstar.y]

If these idiots kept the price down they wouldve make much more money

[UTube]

Such crap products get success in the market and my dumb ass thinking i should make something unique to make into business....

[muhamadkhairulidlanmahamad]

Haha kevin totally lost money in this investment.. 500k in royalti equal 250k unit of lamp to be dold and this company only sell 25k lamp to date . Haha