In Shark Tank Season 15, entrepreneurs Aurora and Steven Weinstock pitched their innovative solution for tackling toy messes: Pick Up Bricks. This child-friendly vacuum makes it quick and easy to clean up scattered building bricks!
Did any of the Sharks decide to invest?
Or,
What happened to Pick Up Bricks after Shark Tank?
Find out all the details in our thorough analysis on Pick Up Bricks Shark Tank update and pitch recap!
If you’re short on time, here’s a quick overview of what happened to Pick Up Bricks after Shark Tank:
Quick Summary
Aurora Weinstock and Steven Weinstock appeared on Shark Tank Season 15, securing a deal of $200,000 for 16% equity with Mark Cuban and Lori Greiner. As for a Pick Up Bricks Shark Tank update, the company is poised for success with the backing of two sharks, particularly now that their product is available for purchase on Amazon alongside their own website.
Table of Contents
Pick Up Bricks On Shark Tank
| Shark | Result |
| Lori Greiner and Mark Cuban | Accepted deal of $200,000 for 16% equity |
| Daymond John | Offered $200,000 for 15% equity (Not Accepted) |
| Barbara Corcoran | Offered $400,000 line of credit for 20% equity (Not Accepted) |
| Kevin O’Leary | No Offer |
Pick Up Bricks Shark Tank Deal
- Business: Vacuum for Kids to clean up Building Bricks
- Entrepreneurs: Aurora Weinstock and Steven Weinstock
- Asked For: $200,000 for 10% equity
- Shark Tank Deal: $200,000 for 16% equity
- Sharks: Mark Cuban and Lori Greiner
Pick Up Bricks Overview
Pick Up Bricks is a specially designed, kid-friendly vacuum that helps parents and children quickly clean up small toys, like building blocks, from the floor. The small, cordless vacuum is easy to handle, empowering kids to pick up after themselves.
Unlike a standard vacuum, Pick Up Bricks uses a patented design to separate toys from dust and debris, so the canister only holds the toys, keeping them clean and ready to reuse.
Pick Up Bricks Founders:
The founders of Pick Up Bricks, Aurora and Steven Weinstock, were motivated by a common parenting dilemma: stepping on tiny building bricks, particularly LEGO® pieces, which often led to painful foot injuries.
After enduring this frustration for too long, they realized they weren’t alone in this struggle, as many other parents shared the same experience. This sparked the idea for a product that could help kids clean up their toys while avoiding the usual mess and discomfort.
Inspired by the need for a fun, child-friendly solution, they decided to create a vacuum designed specifically for small toys, launching their innovative product after four years of development.
Their journey involved extensive prototyping, testing with their own children, and refining the design to make Pick Up Bricks both effective and safe for young users. The result is a product that not only makes cleanup faster and more enjoyable for kids but also helps separate dirt and dust from the toys, ensuring a cleaner toy bin.
Aurora and Steven’s commitment to solving a universal problem for parents has led to the creation of Pick Up Bricks, a product that has been enthusiastically embraced by families everywhere.
Shark Tank Pick Up Bricks Pitch Recap
Aurora and Steven Weinstock opened their Shark Tank pitch by highlighting a pain point every parent knows too well: the agony of stepping on tiny building bricks and small toys.
They noted that, while the pain of stepping on toys is real, the struggle to get kids to clean up after themselves can be even more challenging.
To address this, they introduced their solution, Pick Up Bricks, a child-friendly vacuum that not only makes cleanup easier but adds an element of fun.
Pick Up Bricks is cordless, making it easy for kids to handle and use independently. It’s also designed to separate toys from dirt and dust, a unique feature that sets it apart from regular vacuums.
At a retail price of $99 with a production cost of $32.64, Aurora and Steven’s product targets parents looking for a practical, child-friendly cleaning solution.
At the time of filming, Pick Up Bricks was only sold directly to consumers and was not yet available in retail stores.
Pick Up Bricks Financial Snapshot and Sales Breakdown
Aurora and Steven had invested significant time and resources into developing Pick Up Bricks. They spent four years creating and refining the product, eventually launching it the summer before their Shark Tank appearance.
They revealed that, to date, their customer acquisition cost was around $11, which they hoped to reduce to under $10 with increased efficiency.
In terms of sales, Pick Up Bricks had generated $348,000 up to that point. However, the high cost of production and acquisition led Kevin O’Leary to express concerns over the profit margins.
Aurora and Steven acknowledged that they were working to improve these figures, mentioning that they were negotiating with a new manufacturer to reduce the production cost to $20, a key factor in increasing profitability.
Sharks’ Reactions On Pick Up Bricks Pitch
Kevin O’Leary was the first to voice his concerns, noting that while the product addressed a real pain point for parents, the current profit margin didn’t meet his criteria for a high-return investment.
Kevin typically seeks investments with the potential to generate returns tenfold, and he didn’t see that in Pick Up Bricks. For this reason, he decided to pass on the opportunity, opting out of the bidding.
However, the other sharks recognized the product’s potential and were still in the game.
Lori Greiner asked if the product cost would improve with larger production volumes, and Steven assured her that it would.
He explained that negotiations with a new manufacturer could potentially bring the cost per unit down by nearly $13, a crucial factor in enhancing profitability.
Sharks’ Offers For Pick Up Bricks Pitch
Despite Kevin’s exit, the remaining sharks expressed interest. Daymond John was the first to make an offer: $200,000 for 20% equity.
Barbara Corcoran quickly followed up with a different structure, proposing a $400,000 line of credit in exchange for a 20% equity stake.
Next, Lori matched Daymond’s initial offer with a $200,000 investment for 20% equity but added an enticing detail. She offered the option for additional funding in the future, should the company need it for growth or inventory expansion. This showed her willingness to support the brand beyond just the initial investment.
Mark Cuban also joined the bidding, offering $200,000 but only asking for 12% equity. This lower equity requirement made his offer stand out, as it allowed the entrepreneurs to retain a larger share of their company.
Sharks’ Adjustment On Their Offers
With the competition heating up, Lori revised her initial offer to make it even more attractive. She reduced her equity requirement from 20% to 15% while keeping the $200,000 investment, highlighting her expertise in scaling brands.
Lori referenced her experience growing other successful products like Scrub Daddy and emphasized her belief that Pick Up Bricks had the potential to expand into a broader line of SKUs.
Following Lori’s adjustment, Daymond matched her revised offer of $200,000 for 15% equity, signaling his eagerness to stay in the running.
Pick Up Bricks Shark Tank Deal
Seeing the competitive offers on the table, Steven proposed a joint deal, asking Lori and Mark to partner for a $200,000 investment in exchange for 15% equity, split evenly at 7.5% each.
However, both sharks declined this partnership arrangement.
Undeterred, Aurora and Steven made another counter: $200,000 for 16% equity, with the hope that Lori and Mark would come together on this slightly higher offer.
This revised counter finally convinced Lori and Mark, and they agreed to the terms.
Did Pick Up Bricks Get A Deal On Shark Tank?
Steven and Aurora walked away with a deal, securing $200,000 in exchange for 16% equity, backed by two powerhouse sharks: Lori Greiner and Mark Cuban.
With a successful pitch, a strong product, and two experienced investors on board, the future looked promising for Pick Up Bricks. Their deal with Lori and Mark not only provided the funding they needed but also granted them access to valuable mentorship and retail connections.
As the Pick Up Bricks team geared up for the holiday season, they could now focus on scaling production, improving their margins, and reaching a wider audience.
What happened to Pick Up Bricks following Shark Tank? Keep reading our Pick Up Bricks Update to find out!
Pick Up Bricks Shark Tank Update
So, what happened to Pick Up Bricks after Shark Tank?
In terms of the latest Pick Up Bricks Shark Tank Update: After securing a deal with Lori and Mark, Pick Up Bricks immediately saw a boost in visibility and credibility.
Although it’s too soon to have detailed revenue numbers, the exposure on Shark Tank typically results in an increase in sales due to the show’s broad audience.
Post-Shark Tank, Pick Up Bricks expanded its availability to Amazon, in addition to its official website. This move opened up a new market segment, making it easier for parents to access the product.
The Pick Up Bricks website also began offering additional accessories and replacement parts, enhancing its appeal as a long-term solution for families.
Pick Up Bricks Shark Tank Net Worth
After appearing on Shark Tank, Pick Up Bricks’ valuation was set at $1.25 million, based on the 16% equity stake they offered in exchange for a $200,000 investment.
With their sales of $348,000 at the time of the pitch, the company demonstrated solid potential for growth, especially with the backing of investors Lori Greiner and Mark Cuban. Their goal was to reduce production costs and expand their retail presence, which could significantly increase their revenue and net worth.
Since securing a deal, the company has been working to scale up its production, enhance profit margins, and reach new customers, all of which could substantially boost its valuation in the future.
With the expertise of their investors, Pick Up Bricks is poised to grow into a larger brand, potentially increasing its net worth well beyond the initial post-pitch valuation.
Pick Up Bricks Vacuum Reviews
Pick Up Bricks has received positive feedback from parents who appreciate how the vacuum makes cleaning up small toys and building bricks a fun and easy task for kids.
Many reviewers have praised the vacuum’s child-friendly design, noting that its cordless feature and lightweight build make it easy for children to use independently.
Parents also appreciate the patented technology that separates dirt and debris from toys, ensuring a cleaner and safer play area.
However, some users have pointed out that while the vacuum works well for small toys, it might struggle with larger debris or heavier messes. A few have also mentioned the product’s relatively high price compared to traditional vacuums, though they recognize the value it offers in terms of encouraging kids to clean up on their own.
Overall, Pick Up Bricks has garnered favorable reviews for its innovation and practicality in tackling a common household challenge.
Where To Buy Pick Up Bricks?
Pick Up Bricks is available for purchase directly from the company’s official website, where you can find the product in various bundles and exclusive offers. The website provides detailed information about the vacuum’s features and benefits, making it easy to order directly from the source.
Additionally, you can also find Pick Up Bricks on Amazon, offering a convenient way for customers to purchase with fast shipping options and customer reviews. Whether you choose to buy from their official site or Amazon, Pick Up Bricks is a hassle-free solution for parents looking to make cleanup fun and easy.
Future Plans For Pick Up Bricks
With a solid foundation in direct-to-consumer sales and new retail partnerships on the horizon, Pick Up Bricks is poised to scale. The partnership with Lori and Mark offers the potential to explore retail distribution, manufacturing improvements, and brand expansion.
Lori, known for turning household products into household names, may help streamline the product’s design and production, lowering costs and increasing profit margins.
Mark, with his expertise in tech and business growth, can provide insights into digital marketing strategies to reduce customer acquisition costs.
FAQs On Pick Up Bricks Shark Tank Update Today
Who Is The Owner Of Pick Up Bricks?
The owners of Pick Up Bricks are Aurora Weinstock and Steven Weinstock. They created the child-sized vacuum to help kids clean up their building bricks and toys in a fun and efficient way. Together, they developed and launched the product after several years of planning and development.
Did Pick Up Bricks Get A Deal On Shark Tank?
Yes, Pick Up Bricks secured a deal on Shark Tank. Aurora and Steven Weinstock agreed to a joint investment of $200,000 for 16% equity with Lori Greiner and Mark Cuban, after initial offers from other sharks.
Is Pick Up Bricks Still In Business?
Yes, Pick Up Bricks is still in business. After their appearance on Shark Tank, the company has continued to grow, with the product available on both their official website and Amazon. They have also expanded their customer base and continue to receive positive feedback from users.
What Happened To Pick Up Bricks After Shark Tank?
After appearing on Shark Tank, Pick Up Bricks saw a boost in sales and became available on Amazon, in addition to its official website. The company secured a deal with Lori Greiner and Mark Cuban, who offered $200,000 for 16% equity, helping to drive further growth and expand the brand.
Which Shark Invested In Pick Up Bricks?
Lori Greiner and Mark Cuban invested in Pick Up Bricks. They agreed on a joint deal of $200,000 for 16% equity, helping the entrepreneurs grow their brand and expand into more products.
Is There Such A Thing As A Lego Vacuum?
Yes, a Lego vacuum does exist, and it’s called Pick Up Bricks. It’s a child-sized, cordless vacuum designed specifically to make cleaning up small toys, like building bricks, quick and easy. The vacuum’s patented design ensures that only toys are collected, separating dirt and dust during the cleaning process.
Conclusion: Pick Up Bricks After Shark Tank
According to the latest Pick Up Bricks Shark Tank Update: Pick Up Bricks, with its innovative approach to toy cleanup, has taken a promising step forward after its Shark Tank appearance.
The Weinstocks’ successful pitch and the partnership with Lori and Mark position the company well for future growth. As more parents discover the convenience and fun that Pick Up Bricks offers, the product’s popularity is likely to rise.
For now, fans of Shark Tank and parents looking for practical cleanup solutions can look forward to seeing how Pick Up Bricks evolves with the support of their new investors.
FYI, if we can collect any inside news, we will surely come up with another Pick Up Bricks Update as soon as possible.
In the meantime, you can check out more Company Updates on Shark Tank Season 15 Episode 8 by clicking on the links below:
Before you go, make sure to visit our Season 15 Company Updates Page, All Company Updates Page and Shark Tank All Products Page for more information on various companies and products featured in the Show.
At the same time, you can FOLLOW our blog to get the latest updates on businesses featured in Shark Tank Show. And, if you have any questions, you can send us message at your convenience.
Lastly, you can check out more Company Updates for the businesses featured in Shark Tank Season 14 by visiting our Season 14 Company Updates Page.
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