Millions of individuals are concerned about skincare and seek methods to keep their skin radiant and healthy. Cryotherapy is a common technique that tightens and refreshes the skin by using freezing temperatures. But it’s frequently costly and causes travel to specialized clinics.
Here’s where Love & Pebble enters the picture. The goal of business owners Paul Tran and Lynda Truong was to enable everyone to receive cryotherapy in the convenience of their own homes, seeing as how demand for reasonably priced skin care products was rising.
They came up with Beauty Pops, which are simple cryotherapy masks you can make at home by freezing a blend of organic ingredients like papaya, bananas, and turmeric. Besides cooling your skin, these pops plump and calm it, giving you a radiant appearance.
The entrepreneurs presented their product in a shark tank, hoping to secure a deal to expand their business. They requested $150,000 in exchange for 10% equity. Did the entrepreneur get a deal on Shark Tank? Check out our Love and Pebble update to find out!
Love and Pebble Net Worth 2024
Paul Tran and Lynda Truong asked for a $150k investment in exchange for 10% equity in their company. This meant they valued their company at $1.5 million. Unfortunately, they could not secure a deal on Shark Tank. After the show aired, Love & Pebble 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 Love & Pebble in 2024 is about $2.19 million.
Love and Pebble Shark Tank Update
As for Love and Pebble update, Love & Pebble’s business grew and prospered despite not landing the deal on Shark Tank. Paul Tran and Lynda Truong’s business is still operating and doing well today. Because of their TikTok viral popularity, the product received even more attention and sales after their Shark Tank debut.
They achieved a significant milestone in 2023 when they sold over 100,000 pieces in their TikTok store, even selling out twice. Well-known stores like Amazon, HSN, and Urban Outfitters carry their merchandise. To improve product quality, they have also moved production to Korea and are now creating new skincare products. The company still maintains a significant internet presence, with over 128,000 TikTok followers and 23,000 Instagram followers.
Unfortunately, Love and Pebble could not agree with any of the sharks. The sharks liked the concept, but they weren’t sure how the company would develop in the future, given how much of it relied on viral marketing.
| Shark(s) name | Offer & Demand | Counteroffer | Accepted? |
| Daniel Lubetzky | Out | N/A | N/A |
| Lori Greiner | Out | N/A | N/A |
| Kevin O’Leary | Out | N/A | N/A |
| Barbara Corcoran | Out | N/A | N/A |
| Mark Cuban | Out | N/A | N/A |
Love and Pebble Shark Tank pitch
Paul Tran and Lynda Truong established Love & Pebble to fill a void in the skincare sector. Growing up, Lynda’s family couldn’t afford skincare services, so she had to rely on homemade, natural solutions. Her background in natural remedies and modern cryotherapy served as inspiration for Beauty Pops.
It was not an easy road, though. In order to help finance the company, Lynda even sold her home. The founders focused on using natural ingredients and making skincare more accessible because they believed in their product, even though it meant making financial sacrifices.
Paul and Lynda pitched Beauty Pops, a frozen face mask composed of natural ingredients and a blend of fruits, during their Shark Tank pitch. They want $150,000 from the sharks in return for 10% of their business.
They described the differences between their product and conventional face masks. Combine the powdered components with water, freeze, and apply to the affected area of the skin. This ground-breaking method provides a straightforward, all-natural means of attaining cryotherapy outcomes at home.
The company had already generated $890,000 in revenue, and they expressed their intention to grow into more skin care goods and retail. Keep reading our Love and Pebble update to see what happens next!
The sharks had several queries and worries.
Kevin asked about the sales of the business. Paul replied their lifetime sales are $890,000.
Lori Griener asked about the cost and the price of the product. Lynda responded it cost $9.20 to make and sell it for $46.
Daniel wanted to know how they financed the business. The entrepreneurs disclosed they sold their house and are completely self-funded.
Kevin inquired about their marketing strategies and customer acquisition costs. Paul responded they do pay marketing, and it costs $7 to gain a customer with an 80% profit margin.
Barbara questioned why they needed a shark. Lynda replied they needed Shark’s help to expand their business in the retail sector.
Mark Cuban made a joke about not needing the lotion because his skin was perfect enough. In the end, he didn’t think he would put money into it.
Kevin O’Leary enquired about the company’s present financial situation, but he was hesitant to put money into a product that depended mostly on viral marketing.
Lori Greiner was worried that the rapid expansion would cause problems with inventory overstocking. She thought they should slow down and concentrate on their internet business.
Mark Cuban rejected the product since he didn’t see himself using the item.
Kevin O’Leary decided not to invest as he felt uneasy spending money on a product without skincare industry experience.
Lori Greiner decided not to invest, believing they were expanding too quickly and risking having unsold merchandise.
Barbara Corcoran didn’t offer a deal because she felt it was a bad idea to enter the retail space and that they should instead keep concentrating on their online business.
Daniel Lubetzky rejected it because he believed his understanding of the skincare sector was not valuable.
What Went Wrong With Love and Pebble On Shark Tank?
The primary obstacle that Love & Pebble faced in closing a deal was the sharks’ apprehension regarding the company’s quick expansion and dependence on viral marketing. They were concerned that their success might not last long and that entering the retail space might be detrimental to the company. Since none of the sharks had the skincare knowledge, they were hesitant to invest.
Product Availability
From our Love and Pebble update research, their products are sold on the Love & Pebble website Love and Pebble besides being offered for purchase online at Amazon, HSN, and Urban Outfitters. Though costs vary by product, a pack of Beauty Pops typically costs $39.99. Their popularity is further increased by the positive feedback and before-and-after pictures that customers may see on their social media profiles.
Conclusion
Even though Love & Pebble could not close a deal on Shark Tank, they have shown that failure does not equal failure. Paul Tran and Lynda Truong have created a successful business by expanding their product line and growing their viral following.
Their commitment to employing natural materials and providing an inexpensive cryotherapy experience has won many clients over. It will be interesting to watch where their brand goes in the future as long as they keep innovating.
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.
