Jill Quillin created Lipstix Remix to solve a big problem. Many people throw away their lipstick because it gets stuck at the bottom of the tube. This wastes a lot of makeup. Jill wanted to change that. She made a kit that helps recycle old lipstick. The kit can turn the leftover lipstick into a new shade. It’s easy and fun. People can keep using lipstick that they would throw away.
She came to Shark Tank hoping for $105,000 to help her business. She wanted to give 30% of her company in exchange. Will the entrepreneur get a deal on Shark Tank? Check out the Lipstix Remix update to find out!
Lipstix Remix Net Worth Shark Tank Update 2025
Dawn Nichols went on Shark Tank asking for $105,000 for 30% of her company. This meant she thought her business was worth $350,000. She did not make a deal with any Shark. The episode was aired on August 9, 2009. The company later shut down and is no longer in business. The current net worth of Lipstix Remix is $0 in 2025.
After Shark Tank, things looked good at first. Jill got a deal with three Sharks. They offered her $105,000 for 50% of her company. The deal was made with Barbara Corcoran, Daymond John, and Kevin Harrington. But even after the deal, the business didn’t last long. Lipstix Remix had a brief period of success. Jill sold the kits and made a good amount of money.
However, the company shut down in 2013. Jill shared on Facebook that the kits would no longer be sold. She did not explain why the business ended. Many fans of the product were sad to hear the news. They praised Jill and wished her well.
Yes Lipstix Remix did get a deal on Shark Tank. Jill asked for $105,000 for 30% of her business. After some discussion, Barbara offered Jill $52,500 for 15% of the company. But Jill needed to find another Shark to invest the remaining $52,500. Daymond John offered $105,000 for 40% of the company. Kevin Harrington also made an offer. He wanted $105,000 for 40% of the company.
But Barbara didn’t like the idea of working with Daymond and Kevin. She wanted to do the deal on her own. In the end, Jill agreed to take the offer from all three Sharks. They gave her $105,000 for 50% of the company.
| Shark(s) Name | Offer & Demand | Counter Offer | Accepted? |
| Daymond John | $105,000 for 40% equity (Combined Offer) | N/A | Yes |
| Robert Herjavec | Out | N/A | N/A |
| Kevin O’Leary | Out | N/A | N/A |
| Barbara Corcoran | $52,500 for 15% equity | $105,000 for 40% equity (Combined Offer) | Yes |
| Kevin Harrington | $105,000 for 40% equity (Combined Offer) | N/A | Yes |
Lipstix Remix Shark Tank pitch
Jill Quillin created Lipstix Remix because she was fed up with wasting lipstick. Similar to others, she applied lipstick until there was none left. However, much of the makeup consistently remained stuck at the bottom of the tube. Jill considered this to be wasteful. She believed there had to be a method to utilize all the lipstick. That’s when she came up with the concept for Lipstix Remix.
The kit allows individuals to preserve unused lipstick. They have the ability to liquefy it and combine it with new hues. This extends the duration of lipstick wear and helps to save money. Jill recognized an opportunity to assist individuals in maximizing their makeup usage. She put in a lot of effort to assemble the kit. However, it was not simple. Jill encountered difficulties at the start. She needed to determine how to ensure the kit functioned effectively.
She had to locate the appropriate materials and create the kit’s design to ensure it was easy to use. Perfecting the product required time and effort. Jill continued to persevere. She had faith in her concept. At last, she was prepared to present it to everyone.
When Jill entered Shark Tank, she was prepared. She wished to present her product to the Sharks and clarify why it was exceptional. Jill began by discussing the waste associated with lipstick. She clarified that numerous individuals discard lipstick because accessing the bottom of the tube is challenging. Jill’s kit addressed this issue. The kit enabled individuals to gather the remaining lipstick and create new colors.
The Sharks showed interest. Barbara appreciated the concept since it involved more than just financial savings. It also provided individuals with an opportunity to express their creativity. Kevin Harrington inquired about Jill’s sales performance. Jill informed him that she had arranged a booth in a mall for ten days. She sold more than 250 items and made over $6000. The Sharks were amazed.
However, Robert Herjavec was worried. He was concerned that Jill would require costly advertisements to attract additional customers. He believed the product could be available only in specific stores. He chose to withdraw from the agreement. Kevin O’Leary appreciated the product but felt uncertain about his knowledge of the industry. He, too, chose to depart.
The Sharks had many questions about the product. Barbara wanted to know how the product worked. Jill explained that the kit was easy to use. People just needed to collect the leftover lipstick, heat it up, and mix it into a new shade. It was quick and fun. Daymond John asked about the sales numbers. Jill told him about the 250 units sold at the mall. He seemed impressed but wanted to know more.
He asked Jill if she had a plan to sell the product in stores. Jill explained that she planned to use the $105,000 investment to promote the product and reach more people. The Sharks wanted to know if Jill had any competition. Jill said there were no other products like hers. This made the Sharks more interested. They liked the idea of a unique product that helped reduce waste and was fun to use.
After hearing all the questions, the Sharks started discussing the deal. Barbara Corcoran liked the idea and saw the potential. She offered Jill $52,500 for 15% of the company. But Jill needed to find another Shark to invest the remaining $52,500. Daymond John made an offer of $105,000 for 40% of the company. Kevin Harrington also made an offer of $105,000 for 40%. The Sharks started to argue.
Barbara didn’t want to work with Daymond or Kevin. She felt that she could do it alone. Daymond and Kevin weren’t happy with this. They wanted to work together. But Barbara refused. The Sharks kept talking and negotiating. In the end, they agreed to offer Jill $105,000 for 50% of the company. Jill thought it over and decided to accept the deal. She left the tank with a big win.
What Went Wrong With Lipstix Remix On Shark Tank?
While Jill got the deal, things didn’t work out as expected. Lipstix Remix didn’t last long. After a period of success, Jill announced in March 2013 that the kits would no longer be sold. She didn’t explain exactly why the business ended. It could have been due to challenges in reaching more customers or other business difficulties.
Even though the product was a hit on Shark Tank it couldn’t survive in the long run. The Sharks offered their support but the business didn’t keep going. Jill thanked her customers for their support. She said goodbye to the product and wished everyone the best.
Product Availability
Lipstix Remix was a unique product. The kit allowed people to recycle their old lipstick and create new shades. It was a fun way to use all of the lipstick without wasting any. The kit was available for purchase on Jill’s website. It was also sold at a few stores and malls. People could buy it online or in person. The price of the kit was affordable. It was a great deal for anyone who wanted to save money and reduce waste.
Unfortunately, the product is no longer available. After Jill stopped selling the kits, there were no more Lipstix Remix products on the market. It’s a sad end for a creative idea that didn’t last long.
Conclusion
Lipstix Remix was an innovative product that solved a common problem. Jill Quillin had a great idea to recycle lipstick and create new shades. She got a deal on Shark Tank with three Sharks. The business had some success but it didn’t last. In the end, Lipstix Remix closed down in 2013. Jill thanked her customers and wished them well.
Hey there, I’m Fatima Muhammad, an International Relations student, with a focus on the strategic dynamics of global relations, One of my favorite shows is Shark Tank. I love it because it showcases the creativity, determination, and strategic thinking of entrepreneurs, which I find inspiring. The show also teaches valuable lessons about innovation, business dynamics, and the importance of perseverance in the face of challenges. Read more About me.
