Pinblock Shark Tank Update

Pinblock Shark Tank Pitch

Vladislav Smolyanskyy appeared on Shark Tank Season 8, Episode 13, which aired on January 12, 2017, with toy building block system.

Pinblock is listed in the Children category. In plain terms, the business is described as toy building block system.

Pinblock asked the Sharks for $100,000 for 20%, implying a valuation of about $500,000.

On the show, Pinblock made a listed deal with Kevin O'Leary for $100,000 for 50%.

If treated as straight equity, the listed deal works out to about $200,000 implied valuation, down from the original $500,000 implied valuation.

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

Pinblock After Shark Tank

Pinblock accepted an on-air Shark Tank deal for $100,000 for 50%. The on-air deal did not close. The business later shuttered in January, 2021. (PinBlock Shark Tank Update

That said, after some problems in the post Shark Tank ordering chaos, PinBlock is selling well on Amazon and the company website. (PinBlock Shark Tank Update

There is no evidence of this deal closing. (PinBlock Shark Tank Update

Pin Block's Facebook page hasn't been updated since December, 2017. (PinBlock Shark Tank Update

The fact that neither Kevin's nor PinBlock's site mentions the deal is strange. (PinBlock Shark Tank Update

The official website for Pinblock is listed as www.pinblock.com. (Pinblock website

Sources

Sources used for this page: Shark Tank API pitches