Shark Tank Update
Shark Tank Pitch
Nail Pak Shark Tank Update
Published:
2m
West Hartford, CT
| Name | Nail Pak |
|---|---|
| Main Presenters | Barbara Lampugnale |
| Presenter Image | |
| Product Image | |
| Last Known in Business | 9/1/2019 |
| Main Location | West Hartford, CT Loading Map |
| Order Shown in Episode | 1 |
| Final Deal | Deal was made on the show with sharks Lori Greiner for $50k for 40% of Company. |
Nail Pak Shark Tank Pitch
Barbara Lampugnale has a Sunday night tradition with her six girls to paint each other's nails. Barbara started Nail Pak by Duality Cosmetics, a combination of several nail painting tools combined in a compact unit.
Barbara Lampugnale has put $300k into Nail Pak and has no money left to put in. Each Nail Pak costs Barbara $3 and sells for $14.
Kevin and Lori go on a back-and-forth bidding and verbal war. Daymond is on the fence about getting in but gets involved in the conversation.
I've forgotten more than she's learned.
Lori brings QVC to the table as well as an understanding of the product. Barbara is happy to have a party with her family and Lori.
A piggy bank with two nickels in it makes way more noise than a full piggy bank.
Lori comes down in her equity ask and seals a deal with Barbara.
Offers
| Made By | Label | Sharks Part of Deal | Summary |
|---|---|---|---|
| Company | Offered | $50k for 20% of Company | |
| Sharks | Out | Robert Herjavec | Out |
| Sharks | Out | Mark Cuban | Out |
| Sharks | Offered | Lori Greiner | $50k for 51% of Company |
| Sharks | Offered | Kevin O'Leary | $50k for 40% of Company |
| Sharks | Deal | Lori Greiner | $50k for 40% of Company |
Mark Cuban
Out
Daymond John
Kevin O'Leary
Offered
Lori Greiner
Made Deal
Robert Herjavec
Out
Updates in Shark Tank Episodes
| Update Season | Update Episode |
|---|---|
| 4 | 8 |
Nail Pak After Shark Tank
Barbara Lampugnale gave an interview here https://thriveglobal.com/stories/barbara-lampugnale-here-are-5-important-business-lessons-i-learned-while-being-on-shark-tank https://youtu.be/CoNqyi-3vJQ and did a YouTube interview here Link Preview
here where she spoke about her cosmetics product, Nail Pak.Link Preview
here
Barbara Lampugnale was a flight attendant and commercial interior design company when she came up with the all-in-one nail painting kit. Her daughters were confident it was Barbara's million-dollar idea.
Barbara planned out her first five years of business in a 75-page binder and approached a bank for a $1.7 million loan, which she was greeted with a smile and shown the door.
Barbara applied for season one and heard nothing, applied for season two and got some interest, and for season three got all the way on the show.
When Barabara got the call to be on Shark Tank she had to back up her fib of having inventory, so she got a loan from her parents to create 10k Nail Pak units.
Lori had Nail Pak on QVC the day after the episode aired. In season 4, episode 8, we got an update that Nail Pak did $750k in sales and got into 500 Ulta Beauty stores across the country.
In 2015, Barbara rebranded Duality Cosmetics to Grace Nail Company feeling as though the new name would "resonate" with people more.
In 2022 Nail Pak's website is gracenailcompany.com https://www.gracenailcompany.com https://x.com/DualityNailPak, although the product is no longer called Nail Pak, and the shop link is broken. The last Tweet from @DualityNailPak Link Preview
gracenailcompany.com was in 2016. The last Instagram post was in 2019.Link Preview
@DualityNailPak
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