Sal DePaola, John DePaola and Anthony Caputo are three artists aiming to tackle a significant issue faced by all who paint. When you require a pause from painting, it’s challenging to set down the brush without it drying or creating a mess. They conceived of an easy answer: the Paint Brush Cover. The cover fastens over the brush to prevent it from drying out or creating a mess.
This enables you to pause without needing to wash the brush. In 2013, they featured on Shark Tank seeking $50,000 for a 10% stake in their business. They aimed for the investment to assist in expanding their business. Will the entrepreneur get a deal on Shark Tank? Check out the Paint Brush Cover update to find out!
The Paint Brush Cover Net Worth Shark Tank Update 2025
John DePaola, Anthony Capullo, Sal DiMarco, and John Fertitta went on Shark Tank asking for $50,000 for 10 % of their company. This meant they thought their business was worth $500,000. They made a deal with Lori Greiner for $200,000 for 10 %, raising the valuation to $2,000,000. The episode was aired on April 11, 2014. The company continues to sell its paint brush storage products through major retailers. Using the default 10 % yearly growth method, the current net worth of The Paint Brush Cover is estimated to be around $8–9 million in 2025.
After the episode aired in 2013 the Paint Brush Cover company did well. Their sales grew quickly. By 2023 the company had made at least $3 million in sales. They also expanded their product line. The product was sold in big box stores and on Amazon. They also sold their products through their website.
The company grew because of the investment from Lori Greiner. She helped them get their products into retail stores. They also benefited from her advice on how to grow the business.
Yes the company got a deal on Shark Tank. They asked for $50,000 for 10% of the company. But the Sharks made them better offers. Lori Greiner offered $100,000 for 20% of the company. She also offered another $100,000 to pay for their first purchase orders. This would help the company get the products they needed to grow.
Sal and his team accepted Lori’s offer. They made the deal with her on the spot. This helped them grow their business and get their products into stores.
| Shark(s) Name | Offer & Demand | Counter Offer | Accepted? |
| Lori Greiner | $100,000 for 20% equity | N/A | Yes |
| Robert Herjavec | $50,000 for 20% royalty | N/A | N/A |
| Kevin O’Leary | $50,000 for 10% royalty | N/A | N/A |
| Barbara Corcoran | Out | N/A | N/A |
| Mark Cuban | Out | N/A | N/A |
The Paint Brush Cover Shark Tank pitch
Sal, John, and Anthony are painters who encountered a shared issue while they were painting. They painted a room and needed to take a break. When they attempted to set the paintbrush aside, it would either become messy or dry up. This made it difficult to continue painting. They required a method to keep the brush from drying out or making a mess. That’s when they conceived the idea for the Paint Brush Cover.
They envisioned a cover that would fit over the brush and prevent it from drying out. This would enable them to pause and resume painting when they felt prepared. In the initial phases, they needed to ensure the cover functioned properly. They had to ensure it retained moisture for the paintbrush. They needed to ensure it was user-friendly and cost-effective. They put in a lot of effort to evaluate the product and enhance it.
They encountered numerous obstacles but were resolute in making their concept succeed. They thought the product might simplify life for individuals who painted. They began marketing the product in local shops and visited homes directly. They managed to sell 17,000 units, resulting in $35,000 in revenue. However, they still require assistance to expand. That’s the reason they appeared on Shark Tank.
On Shark Tank, the creators showcased their products to the Sharks. They informed the Sharks that the Paint Brush Cover could maintain a paintbrush’s moisture for hours or even months. The cover maintains nearly 100% humidity within. This ensures that the brush remains moist. They revealed that they had sold 17,000 units and made $35,000.
They aimed to expand their business and required assistance with inventory. They requested $50,000 in return for 10% ownership of the business.
The Sharks showed interest in the product but desired additional information. Kevin O’Leary proposed $50,000 but requested a 10% royalty on all sales. Robert Herjavec also proposed $50,000 in exchange for 20% equity. The founders were apprehensive about Kevin’s proposal as they were hesitant to relinquish too much of the company.
Anthony was likewise doubtful regarding the royalty agreement. Kevin subsequently increased his offer but still desired the royalty. This created some stress among the Sharks.
The Sharks inquired about the Paint Brush Cover extensively. They were interested in understanding its effectiveness and the production cost involved. The creators stated that the production cost of the cover was $0.41 per unit. They retail the covers for $4 each in shops and earn $2 per unit in wholesale. The Sharks inquired about the number of units they had sold up to that point.
The founders informed them that they had sold 17,000 units and generated $35,000 in revenue. They were enthusiastic about the product’s potential but required additional support to expand.
Kevin O’Leary inquired whether the founders had conducted any market research. He was curious whether individuals would be interested in purchasing the product. The founders stated that they had sold the product via stores and had acquired three new stores earlier that morning. They were gaining some momentum in the market but required funds to replenish their inventory.
The Sharks appreciated their effort and dedication but remained worried about the company’s future.
The Sharks talked about the enterprise and deliberated the proposals. Kevin O’Leary proposed $50,000 in return for a 10% royalty. However the founders were uncertain about the agreement as they were hesitant to relinquish such a large portion of the company. Robert Herjavec proposed $50,000 in return for 20% ownership. The founders remained uncertain about which proposal to accept.
At this moment Lori Greiner presented her proposal. Lori proposed $100,000 in exchange for a 20% ownership stake. She also contributed an additional $100,000 to assist with the initial purchase orders. This would assist the company in acquiring the products essential for their growth. The founders were thrilled by Lori’s proposal and agreed to it immediately.
They believed that her background in retail would be beneficial. Lori’s proposal was superior as it covered the funding for the initial purchase orders. The founders were also enthusiastic about collaborating with her.
What Went Wrong With The Paint Brush Cover On Shark Tank?
The company did not face many challenges during the Shark Tank appearance. The only issue was that the founders were unsure about which offer to take. Kevin’s offer was a royalty deal and the founders were not happy with the idea of giving away a percentage of their sales. Robert’s offer was for 20% equity, which was a high percentage of giving up.
Lori’s offer was the best because she offered money to help with the purchase orders and her experience in retail. The founders made the right choice by accepting Lori’s offer.
Product Availability
The Paint Brush Cover is available in several stores. It is sold in big box stores and on Amazon. You can also buy it on the company’s website. The product is affordable and easy to use. It is sold for around $4 each. The company has expanded its product line to include other painting tools. The product has become popular because it solves a common problem for painters. It keeps the paintbrush fresh and ready to use when you need it.
Conclusion
The Paint Brush Cover company has done well since its appearance on Shark Tank. With Lori’s help, the company grew and expanded its product line. The product is now available in many stores and on Amazon. The company has earned millions in sales and continues to grow. The founders are happy with their decision to work with Lori and are excited for the future. The company is still going strong in 2023.
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.
