Pink Picasso Shark Tank Update

Pink Picasso Shark Tank Pitch

Ashley Silfies and Brittany Silfies appeared on Shark Tank Season 13, Episode 7, which aired on November 18, 2021, with paint by numbers paint kit.

Pink Picasso is listed in the Media Entertainment category. In plain terms, the business is described as paint by numbers paint kit.

Pink Picasso asked the Sharks for $400,000 for 5%, implying a valuation of about $8 million.

On the show, Pink Picasso made a listed deal with Lori Greiner for $500,000 for 15%.

If treated as straight equity, the listed deal works out to about $3.3 million implied valuation, down from the original $8 million implied valuation.

This pitch is included as context for the more important question: what happened after Shark Tank.

Pink Picasso After Shark Tank

Pink Picasso accepted an on-air Shark Tank deal for $500,000 for 15%. Later follow-up coverage says the deal did not close. (Pink Picasso Shark Tank Update

As of July 2024, Pink Picasso was reported at about $5 million in annual revenue. (Pink Picasso Shark Tank Update

In addition to Pink Picasso's website, Pink Picasso can be found in over 2000 art supply shops nationwide and on Amazon. (Pink Picasso Shark Tank Update

The company also introduced Custom Kits where you upload a photo and Pink Picasso create a custom paint by number. (Pink Picasso Shark Tank Update

Pink Picasso remains active online through pinkpicassokits.com, which serves as its current storefront. (Pink Picasso website

Sources

Sources used for this page: Shark Tank API pitches