Play Maysie Shark Tank Update – Net Worth, Pitch & Deal

Say goodbye to messy toys. Kayla Lupean, an adoptive mom appeared on Shark Tank to present her venture Play Maysie, a portable and innovative dollhouse. Play Maysie is designed with careful detail and a creative mind.

The best thing about Play Maysie is, it is made for both girls and boys. With this portable dollhouse, children can explore sparkling and customized scenery wherever they go. Whether it’s at home or outside, children can enjoy this toy anywhere.

Kayla Lupean was looking for an investment of $150,000 in exchange for 10% equity in her company. Did she get a deal on Shark Tank? Let’s find out.

Play Maysie Net worth

Kayla Lupean asked for an investment of $150,000 in exchange for 10% ownership in her company when she appeared on Shark Tank. This meant she valued her company at $1.5 million. She made a deal with Barbara for $150,000 in exchange for 20% of her company, plus a $7 royalty per unit sold until Barbara gets her investment back. This new deal valued her company at $750,000. After the show aired, Play Maysie saw a big increase in website traffic, sales, and social media attention. With an estimated yearly growth rate of 10%, Play Maysie’s current value is about $1.11 million.

What happened to Play Maysie after Shark Tank?

Play Maysie is still in business and growing successfully. This creative and innovative dollhouse comes in a lunch box style. The dollhouses are designed to be gender-neutral, having a huge range of dolls for all children.

Did Play Maysie get a deal on Shark Tank?

Yes, Play Maysie successfully got the deal for an investment of $150k in exchange for 20% equity. Barbara negotiated a royalty of $7 per unit sold until she got her initial investment. This deal means now Kayla has Barbara’s support in her business. With the help of Barbara’s guidance and investment, the company is expanding and growing faster.

Shark(s) NameOffer and DemandCounterofferAccepted?
Mark CubanOutN/AN/A
Lori GreinerOutN/AN/A
Kevin O’LearyOutN/AN/A
Barbara Corcoran1): $150k for 30% equity, plus a $5 royalty per unit sold until Barbara gets her investment back 

2): $150k + $100k as a credit line for 30% equity, plus a $5 royalty per unit sold until Barbara gets her investment back 

3): $150k + $100k as a credit line for 20% equity, plus a $7 royalty per unit sold until Barbara gets her investment back 
1): $150k for 20% equity, plus a $5 royalty per unit sold until Barbara gets her investment back  OR $200k for 30% equity, plus a $5 royalty per unit sold until Barbara gets her investment back  Yes ($150k + $100k as a credit line for 20% equity, plus a $7 royalty per unit sold until Barbara gets her investment back)
Daymond JohnOutN/AN/A

Play Maysie Shark Tank Update

play maysie net worth

Founders backstory

Kayla Lupean was a wedding photographer. During the pandemic, she suffered a lot of loss. She was an adoptive mother and came up with a creative idea of a mess-free doll house. She took her savings and kick-started her business named Play Maysie in 2020. She introduced a creative and innovative lunch box-shaped dollhouse. This portable dollhouse is made of metal and there are magnetic toys in it.

Initial Pitch

Kayla Lupean appeared on Shark Tank to ask for an investment of $150k in exchange for 10% ownership of her company. The pitch highlighted the portability and convenience of her product to provide kids with imaginative play opportunities wherever they go. Kayla highlighted that Play Maysie provides a solution for parents and children who want to enjoy dollhouse play without being limited to a stationary dollhouse. Furthermore, she discussed new features such as changeable parts or special accessories, that differentiate Play Maysie from other portable dollhouses on the market.

Queries about the product

what happened to play maysie after shark tank

Mark Cuban didn’t ask any questions but expressed admiration for the product and Kayla explained why her product is good for the children.

Lori Greiner was interested in funding and Kickstarter campaigns. Kayla mentioned she raised $25,000 on Kickstarter and ended up raising $30,000 organically. She used those funds to start the molds for the tins but due to the shortage of funds she sold her car to cover the amount.

Kevin O’Leary was interested in the financial aspects of the business particularly the cost of goods and at which price the product is sold to customers. This information helped the investors to assess the profit of the business. Kayla mentioned the cost is about $13 per unit, including all components. She sells the product for $49.99 online, which results in approximately a margin of 70%.

Barbara Corcoran didn’t ask the specific question but she was inspired by Kayla’s journey and her business. She expressed her interest in Play Maysie. She offered an investment for 30% equity with a royalty of $5 per unit sold until her investment is repaid. Kayla refused the initial offer because she had already given 10% equity to another investor, leaving her with 60% ownership of her company. This meant if she accepted Barbara’s offer she would have had only 40% ownership in her company. So Kayla negotiated with Barbara and accepted the offer of $150k for 20% equity with a $7 royalty until Barbara’s investment was repaid.

Daymond John was interested in the current sales of the business and the amount of inventory available. This information helped sharks to evaluate the demand for products in the market. Kayla mentioned she received a purchase order but did not know the quantity earlier. She bought 5000 units but received only a few hundred units. She found an investor who invested $85,000 to cover inventory and shipping costs. He took 10% from Kayla.

Sharks responses and final deal

did play maysie get a deal on shark tank

Daymond and Lori decided not to invest in the product due to less potential for growth. Kevin also withdrew realizing that Kayla had already given 10% to another investor. Mark appreciated Kayla’s product but he was not ready to invest.

Barbara was impressed by the product and appreciated her efforts and made an offer for $150k for 30% equity with a $5 royalty until her initial amount is recouped. Kayla negotiated with Barbara for $150k for 20% equity or a $200,000 investment for 30% equity because she had already given 10% to another investment. Barbara offered her $150,000 with another $100,000 in credit line if she kept 30% equity; after that, the deal got secured at $150k for 20% equity with $& per unit sold until her investment was paid back.

Product Availability

Play Maysie is growing successfully having few retailers and shipping online. The unique thing about this product is it creates less mess. Play Maysie is travel-friendly, having magnetic features in it. It looks like an old-school lunch box.

Conclusion

Playing with dolls and dollhouses is a great way to keep children busy so they can get away from the screen. It helps children to develop their creativity and imagination. It encourages parents to provide a variety of settings and activities like promoting storytelling and allowing children to explore freedom. Kayla Lupean was looking for an investment of $150,000 in exchange for 10% equity in her company. She secured a deal with Barbara for an investment of $150k + $100k as a credit line for 20% equity, plus a $7 royalty per unit sold until Barbara gets her investment back.

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