Lovepop Shark Tank Update

Lovepop Shark Tank Pitch

Wombi Rose and John Wise appeared on Shark Tank Season 7, Episode 11, which aired on December 10, 2015, with 3D paper popup greeting cards for all occasions .

Lovepop is listed in the Other category. In plain terms, the business is described as 3D paper popup greeting cards for all occasions .

Lovepop asked the Sharks for $300,000 for 10%, implying a valuation of about $3 million.

On the show, Lovepop made a listed deal with Kevin O'Leary for $300,000 for 15%.

If treated as straight equity, the listed deal works out to about $2 million implied valuation, down from the original $3 million implied valuation.

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

Lovepop After Shark Tank

Lovepop accepted an on-air Shark Tank deal for $300,000 for 15%. Follow-up reporting lists the company as still operating after its Shark Tank appearance. (Lovepop Shark Tank Update

In 2018, they raised $12.5 million from venture firms Accomplice and Highland Capital Partners. (Lovepop Shark Tank Update

Also in 2021, the company opened six brick and mortar stores in Boston, California and Florida. (Lovepop Shark Tank Update

LovePop gets an update segment in episode 725 - just 3 months after their original air date! (Lovepop Shark Tank Update

Like a lot of companies, Lovepop pivoted during the 2020 Covid-19 pandemic. (Lovepop Shark Tank Update

The official website for Lovepop is listed as www.lovepopcards.com. (Lovepop website

Sources

Sources used for this page: Shark Tank API pitches