Blinger Shark Tank Update – Net Worth, Pitch & Deal

Entrepreneur and a single mother of four, Angie Cellas is ready to pitch her product on Shark Tank Season 15 Episode 20. Angie, with her daughter, proposed $200,000 for 5% equity in their hair stylish product. Effortless, heatless, simple, and easy-to-use products need assistance in their business journey. But Shark will able to help her out. Let’s find out.

Blinger Net Worth

Barbara invested $200k for 25% equity in the company. Based on the revenue and investment, Blinger net worth is estimated at $1 million. Before the Shark Tank, last year’s revenue was around $1,640,000. So, the profit is considered to be profitable. After the Shark Tank, the business is currently running. The estimate is based on last updated revenue.

What Happened to Blinger After Shark Tank?

Blinger too the sales to sky with the new product line. The business enhanced and improved overall. With Barbara’s help, they made more money and sorted their operations. Currently, they are moving forward with more products to launch.

Did Blinger get a deal at Shark Tank?

Yes, they got a deal with Barbara. After a round of offers, Barbara sealed the deal on $200.000 for 25% equity with POs fully funded. Learn all the insights below.

Shark(s) nameOfferDemandCounterofferAccepted?
Robert HerjavacN/AN/AN/ANo
Lori GreinerN/AN/AN/ANo
Kevin O’LearyN/AN/AN/ANo
Barbara Corcocan$200.000 for 25% equity with POs fully funded$200.000 for 5% equity#1 $200.000 for 25% equity #2 $200.000 for 25% equity with POs fully fundedYes
Mark CubanN/AN/AN/ANo

Blinger Shark Tank Update

blinger net worth

Founders & Their Backstory

Angie struggled for four years for a prototype model with five engineering firms. As the least firm created the final prototype, Angie approved it as they learned a lot about the manufacturing process. At that moment, she was in debt of $1.4 million. She was financially struggling at that time and had four kids to raise. She sold her house, shifted to an apartment, and connected with a Chinese manufacturing company, Sky.

Initial Pitch

Angie began the pitch by introducing herself and her daughter, Cambria. Cambria proposed the offer of $200,000 with 5% equity. Angie began to explain about her invention. It is a heatless and effortless hair styling tool to add pearls and beads to hair. Both continued the demonstration. Angie showed how to load the preset in the product, click to lock it, and then press. Viola! Beautiful and colorful beads are embedded in your hair.

The pitch continued as it explained how these are perfect for any event and occasion. Moreover, it has hair and skin-safe adhesive. Removing them is easy, too. Just brushing them will easily remove them. The pitch was concluded as the entrepreneurs inquired which Shark would be bling with them.

Queries about the Product

did blinger get a deal at shark tank

Male Sharks were presented with wigs and the product to try. Whereas female Sharks were presented with just product. Lori inquired about the two sets of products. Angie explained that two products were presented for trial. One was a pink product for younger girls. And the black one was for adult females. The latter provides a more professional look with crystals, but it is a bit pricy too. Barbara questioned about the price.

Angie stated that the black one was $49 and the pink one was $29.99. Lori stood to try them on Kevin’s hair(wig). Angie guides her through. Mark tried it, too, and liked it too. Kevin went on with sale queries. Angie said it took her 4 years of prototyping from 5 different firms, and with four kids, it prolonged. Barbara cheered her up. She continued her backstory.

Kevin was curious and kept on, “And what happened next.” Angie asked why they attended the Dallas Toy Fair and why they gained popularity. Two toy companies reached out to her for the contract. One of the companies offered them the license with a royalty deal with 5% equity. The company made $20 million in wholesale in 2019. All Sharks were shocked. Bu the sales went down as the pandemic hit. However, things changed when Selena Gomez used their product in 2020.

The Internet has illegal infringement. Angie stated that she had women’s product (black one) rights. Mark jumped in with his queries regarding the matters of rights. He inquired that she had the rights but didn’t activate them yet. Angie now has all the rights to her products. Kevin again and Mark inquired about the sales figures at the time. Angie mentioned the sales as $1,640.000.

Mark wanted to know if they were profitable this year. When Angie said yes, he asked how much. She continued by estimating one and a half million and the profit to be 4.2 million. Robert reconfirmed their figures, and she was pretty sure. Angie stated they have a CBS arrangement along with QVC product placement. Mark came up with more questions. He inquired about the inventory. Angie confirmed that all the products in the inventory are worth 2.5 million.

Kevin inquired about the use of the proposed money. Angie stated that she needed a Shark for her business growth. She has two trustworthy females on her teams, and Cambria is also there to help. She studies in college and works in the Army. Mark inquired about the CFO, to which Angie said no. Mark was curious to know how they know their profits without bookkeeping.

Shark’s Responses & Final Deal

what happened to blinger after shark tank

Kevin was the first Shark to step out. He thinks that she had a great journey, but to him, there’s a mess with the operations. So, it would be better to have someone take control of operations. Mark stepped out for the same reason. Barbara came up with an offer. She offered $200,000 for 25% equity, but a condition.

She stated that she is a born leader, but she needs help with money management. She offered a New York City flight with any of her associates for a couple of hours meeting with Barbara. She will help her trades and records management. Next, Robert and Lori appreciated Barbara’s deal and Angie’s business idea, but he stepped out due to messy business.

Angie made a counteroffer of $200,000 for 20%, but she rejected it. She again proposed that she would offer $200,000 for 25% equity with POs (Purchase Orders) covered. Angie was cheerful with a yes, and the deal was sealed.

What Went Wrong with Blinger on Shark Tank

Blinger just didn’t have the right time and people. They crossed paths with legal matters and had debt, too. Their long story was hard and filled with obstacles. But all Sharks stepped out to their messy operational activities. No management for accountability and finances made things worse, so they stepped out. Except Barbara.

Product Availability

Blinger products are available on their website, and they are also available at different retailers like Walmart, Target, and Amazon. There are two different collections. The Blinger Glam Collection Starter Kit consists of Gem Stamper and 225 Colorful Acrylic Gems. The Blinger Starter Kit has a Styling Tool + 75 Precision-Cut Glass Crystals. Both collections are $49.

Refills can be purchased from $9.99 to $30 based on their quantities. There are two limited collections: Vanity Starter Kit and Simmer Starter Kit. The former has Styling Tool + 150 Precision-Cut Glass Crystals for $89, and the latter has Gold-Plated Styling Tool + 90 Precision-Cut Swarovski Glass Crystals for $69. These kits have 30 30-day return policy and ship worldwide.

Conclusion

Mother-daughter duo made a pitch for their hair styling gadget. This gadget was easy and efficient. However, businesses have a tough background and unorganized affairs to deal with. So all Shark except Barbara step out. They came up with $200,000 for 5% equity, and the deal was sealed at $200,000 for 25% equity with POs fully funded. This product is available online, and you can try it too.

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