Many people love capturing special moments at events like weddings and parties. However, hiring a photographer can be costly and sometimes feels too formal. This is where photo booths come in. They offer a fun and affordable way for guests to take pictures and create memories.
Recognizing this, Lance Yabut and Tom Kanemoto started Pink Shutter Photobooths. They wanted to provide a service that lets people enjoy taking photos without the high costs of professional photography.
In Season 4 of Shark Tank, they presented their business to the sharks, hoping to secure an investment to grow their company. They offered $300,000 for 10% of their business.
During the episode, they discussed their business model, profits, and future plans. The sharks had various reactions, leading to intense discussions. Did the entrepreneurs get a deal on Shark Tank? Check out our Pink Shutter Photobooths update to find out!
Pink Shutter Photobooths Net Worth Shark Tank Update 2025
Rob and Kim Kennedy went on Shark Tank asking for $300,000 for 20% of their company. This meant they thought their business was worth $1,500,000. They made a deal with Kevin O’Leary for $300,000 for 50%, lowering the valuation to $600,000. The episode was aired on April 26, 2013. The company shut down a few years later. The current net worth of Pink Shutter Photobooths is $0 in 2025.
After appearing on Shark Tank, the company experienced significant growth. They expanded their services to multiple cities, including Los Angeles, New York, and Honolulu. They also secured sponsorships from big names like Hulu, NBC, and DreamWorks. However, by 2023, their website became inactive, and their social media accounts had not been updated since 2019. As of today, it is unclear if the company is still in business.
Yes, during their appearance on Shark Tank, Lance and Tom secured a deal with Barbara Corcoran. She offered $300,000 for 33% equity in the company, with the condition that any salaries taken by the founders would also be distributed to her. After some negotiation and considering other potential offers, Lance and Tom accepted Barbara’s deal.
| Shark(s) name | Offer & Demand | Counteroffer | Accepted? |
| Barbara Corcoran | $300,000 for 33% equity + an equal salary distribution | $300,000 for 25% equity | Yes |
| Robert Herjavec | Out | N/A | N/A |
| Kevin O’Leary | Out | N/A | N/A |
| Daymond John | Out | N/A | N/A |
| Mark Cuban | $300,000 for 33% equity + an equal salary distribution once sales reach $1 million | $300,000 for 25% equity | No |
Pink Shutter Photobooths Shark Tank pitch
Lance Yabut and Tom Kanemoto noticed that many event organizers wanted a fun and interactive way for guests to capture memories. Traditional photography was often too formal and expensive. They decided to create Pink Shutter Photobooths to offer a more relaxed and affordable photo experience.
In the early stages, they faced challenges like building a customer base and managing operations without significant capital. Despite these hurdles, they managed to grow their business and sought further expansion through Shark Tank. Lance and Tom introduced Pink Shutter Photobooths as a service providing photo booths for social events.
They highlighted the fun experience their booths offered, complete with props and instant photo prints. They asked for $300,000 in exchange for 10% equity, valuing their company at $3 million. They explained their business model, emphasizing their strategic partnerships and growing sales figures. Keep reading our Pink Shutter Photobooths update to see what happens next!
The sharks had several questions for Lance and Tom.
Kevin O’Leary asked about the business model, to which Lance explained that they owned and distributed all the photo booths themselves.
Robert Herjavec inquired about sales figures, and Tom shared that they had made $195,000 in their first year and $135,000 so far in the current year.
Daymond John questioned what set them apart from competitors, and Tom responded that many competitors were small operations that couldn’t provide the same quality experience.
Kevin O’Leary was skeptical about the company’s valuation and dropped out early.
Robert Herjavec complimented their hustle but felt he couldn’t dedicate the necessary time to the business, so he went out.
Daymond John was concerned about the founders’ planned salaries and decided not to invest.
Mark Cuban initially declined but later showed interest when Barbara Corcoran made an offer.
Barbara offered $300,000 for 33% equity, with the condition that any salaries taken by the founders would also be distributed to her.
After some negotiation and considering Mark’s potential involvement, Lance and Tom accepted Barbara’s offer.
Product Availability
Based on our Pink Shutter Photobooths update research, the company offered photo booth rentals for various events, providing a fun and interactive experience for guests.
They had expanded to multiple cities and secured notable sponsorships. However, as of today, their website is inactive, and their social media presence has not been updated since 2019, making it unclear if their services are still available.
Conclusion
Pink Shutter Photobooths started with a mission to make event photography fun and affordable. Their appearance on Shark Tank led to a deal with Barbara Corcoran, which helped them expand their services and reach.
However, recent inactivity on their online platforms raises questions about their current operations. We will continue to monitor their status and provide updates on any future developments.
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.
