Making events entertaining and memorable has been a difficulty for many of us. Typically, decorations are boring, and it’s hard to locate something special. Even though they don’t always have the resources, people want to make their festivities exciting and joyful.
That’s where Foam Party Hats comes in, offering a solution for everyone wishing to add a splash of excitement to their events. Foam Party Hats is a firm that specializes in custom-made foam hats that can transform any gathering into an unforgettable occasion. Manuel and Grace Rojas founded the company after realizing that parties could use some extra excitement.
Every piece in the Foam Party Hats collection, from outrageous wigs to themed hats, exudes creativity and entertainment. When they made their Shark Tank debut, they requested $100,000 for 15% equity. Did the entrepreneur get a deal on Shark Tank? Check out our Foam Party Hats update to find out!
foam party hats Net Worth Shark Tank Update 2025
Manuel and Grace Rojas asked for a $100k investment in exchange for 15% equity in their company. This meant they valued their company at $666,666. They made a deal with Mark Cuban and Lori Greiner for $100k in exchange for 25% of their company. This new deal valued their company at $400,000. After the show aired, Foam Party Hats saw a big increase in website traffic, sales, and social media exposure. With an estimated 10% yearly growth rate (typical business growth), the current net worth of Foam Party Hats is about $532,400.
Foam Party Hats have grown significantly since their Shark Tank appearance. The company has grown, and its items can now be found at Party City locations all throughout the nation. Their lifetime revenue increased from $385,000 prior to the performance to an astounding $1.9 million afterward, a stunning increase in sales.
Their collaboration with Mark Cuban and Lori Greiner made it possible for them to purchase new machinery, which sped up and improved the production of their hats. They’re still in business as of today and continue to be a popular choice for personalized party accessories, available online and in retail places like Amazon.
Yes, Manuel and Grace Rojas were successful in landing a Shark Tank transaction. Guest shark Daniel Lubetzky first made an offer of $100,000 for 30% shares, but only if Manuel would resign from his full-time position. Disappointed with Daniel’s state of affairs, Mark Cuban teamed up with Lori Greiner to make the same $100,000 offer for a 25% stake, thus avoiding Manuel’s having to quit. In the end, the couple accepted Mark and Lori’s offer.
| Shark(s) name | Offer & Demand | Counteroffer | Accepted? |
| Daniel Lubetzky | 1# $100,000 for 30% equity 2# $100,000 for 25% equity | N/A | No |
| Lori Greiner and Mark Cuban | $100,000 for 25% equity | N/A | Yes |
| Kevin O’Leary | Out | N/A | N/A |
| Robert Herjavec | Out | N/A | N/A |
| Mark Cuban | Partnership with Lori | N/A | N/A |
Foam Party Hats Shark Tank pitch
The founders of Foam Party Hats, Manuel and Grace Rojas, wanted to make life’s festivities more enjoyable. Together, mechanical engineer Manuel and creative thinker Grace created one-of-a-kind, personalized foam hats that would add fun to any occasion.
They only made $25,000 in sales in 2017, so their road wasn’t easy. However, by being persistent, they could triple their sales by 2018 and have continued to grow ever since. They had difficulty increasing production, but they overcame it by investing in new machinery, which made it possible for them to satisfy the demand for their humorous and eccentric hats.
Though Manuel and Grace understood their product was unique when they entered the Shark Tank, they also realized they needed to differentiate it. They attracted the sharks’ interest right away by giving each one a personalized foam hat. They described how their hats are ideal for occasions like sporting events, graduations, and birthday celebrations.
Despite the difficulties caused by the epidemic, their company had produced $153,000 in sales for the year, and they requested $100,000 in exchange for 15% stock. The playful and inventive potential of the product impressed the sharks.
The sharks asked Foam Party Hats several questions.
Lori questioned the price of the product. The founders replied that all the hats have different prices, from $20 to $50.
Robert asked what their sales were last month on Amazon. Manuel answered they did $6000 in sales last month. Manuel also revealed in 2017 they did $25,000 in sales, $75,000 in 2018 and last year they did $145,000 in sales.
Daniel Lubetzky enquired if Manuel would be prepared to abandon his full-time job to focus fully on the business. Manuel wasn’t prepared to commit to that. Given that personalized foam hats can be challenging to mass-produce.
Mark Cuban questioned the business’ scalability. However, the founders gave him confidence that they had plans to streamline production and they were here to expand their business to the next level.
In response to Lori Greiner’s inquiries regarding the manufacturing procedure and the speed at which large orders could be fulfilled, the founders described their plans to invest in new machinery.
The first offer came from Daniel Lubetzky of $100,000 for 30% shares, but only if Manuel would resign from his full-time position.
Robert Herjavec refused to offer a deal because he thought that it was not the right business for him.
Mark Cuban disagreed with Daniel’s strategy, believing Manuel shouldn’t have left his position.
Then Mark and Lori Greiner made an unconditional $100,000 offer for 25% shares and the right to resign.
The Rojas couple had some time to think about both offers but ultimately collaborated with Mark and Lori, feeling it was the better arrangement for them and their business.
Product Availability
A vast selection of foam headwear is available from Foam Party Hats, including themed hats featuring animals, foods, and sports teams, as well as enormous wigs. These hats are ideal for parties, celebrations, and costumes. Besides being sold on their website, Foam Party Hats, Party City stores, and Amazon also carry the caps.
Many clients who want to add some fun to their events can afford them because the prices vary according to design and customization.
Conclusion
The experience Foam Party Hats had on Shark Tank was thrilling and enjoyable. They added fun and inventiveness to the tank, and their perseverance paid off when Mark Cuban and Lori Greiner made a deal. Since then, the company has expanded, gaining important retail relationships and seen a rise in sales.
The company’s increased capacity to make hats at a faster rate has allowed them to expand their business and guarantee that they will always be a hit at events. It will be interesting to watch how they develop and broaden their product offerings in the future.
Hey, I’m Amna Habib an undergraduate student of Bachelors in Business Administration. Shark Tank is one of my favorite TV shows of all time. The show provides a fascinating insight into the world of entrepreneurship by presenting creative solutions to common problems, which strongly connects to my academic interests. I’m interested in learning more about the strategic thinking and creativity that lead these companies as each pitch provides insightful information. I’ve found that watching Shark Tank has inspired my enthusiasm for business and entrepreneurship and has been a very enlightening and motivating experience. Apart from business and writing, I love food, shopping, and hanging out with friends and family. Read more About me.
