Kawaii Lighting Net Worth 2022 – What Happened After Shark Tank?
Entrepreneurs Chloe Loop and Lan Bui planned to impress the Sharks by pitching their product Kawaii Lighting on season 13 of ‘Shark Tank.’
Due to the widespread panic caused by the Covid-19 virus, many individuals flocked to online video-sharing services like Instagram, YouTube, and TikTok, to create their content.
As the number of people making videos expanded, so did the need for affordable yet high-quality studio gear.
Chloe and Lan saw an opportunity and capitalized on it by selling high-quality, affordable studio lights with unique shapes.
Continue reading for more information!
What Is Kawaii Lighting?
The Lighting Experts at Kawaii Lighting.
Many well-known films and television shows have incorporated kawaii lighting effects, a popular video-making light among producers. To aid those who take these videos, they fashioned a quirky lamp.
In 2020, the couple founded the lighting company Kawaii Lighting. Young people today are increasingly interested in pursuing professions as filmmakers and content creators.
The current generation is more drawn to work in the field of media production.
Along with their studies, many students create cinematography, photography, and storytelling videos.
Professional content creators must provide the highest quality material and video production possible to have an impact.
When a content creator transitions to professional status, there are many things to think about, one of which is lighting.
The best quality light is required since poor lighting results in poor video and photo quality.
Take care of your lighting issues with Kawaii Lighting. That way, creators can handle poor lighting, whether taking selfies, making TikTok videos, streaming live video, or making zoom calls.
It consists of numerous shapes and colors of light, including a heart, a cat, a star, a mirror, etc. Let’s see how their shark tank pitch went.
Kawaii Lighting Net Worth and Overview
Company Name |
Kawaii Lighting |
Owners |
Chloe Loop and Lan Bui |
Shark |
Babra Corcoran |
Equity |
22% |
Investment |
$100k with $5/unit royalty until funds are recouped |
Networth |
$130,000 |
Shark Tank appearance: Did it go through?
The founders didn’t think their sales were that poor, but the sharks disagreed.
Mark Cuban was the first to bow out, whereas Barbara had a genuine interest in the company, and she gave them even more than they had asked for.
She proposed a $100,000 investment in exchange for 22% ownership and $10 per light in royalties until she made her money back. On the other hand, Lan was dissatisfied with the obscene level of regal perks.
Kevin O’Leary made a deal to invest $88,000 for 22% and a $5 per light royalty until he was repaid.
A guest shark named Emma Grede decided it wasn’t the perfect time for her to participate; fearing for her success in the marketplace, Lori Greiner followed.
In light of Kevin’s proposal, Barbara reduced her royalty to $5 per unit, and Chloe and Lan happily accepted. Let’s check in on their progress in the latest installment of Shark Tank Kawaii Lighting.
Where is Kawaii Lighting company today?
After the launch of Kawaii Lighting, Chloe and Lan were pleasantly surprised by the product’s positive experience.
The equipment’s popularity skyrocketed as more and more content makers started using it, leading to a subsequent rise in sales.
Kawaii Lighting’s rising star status has resulted in coverage in high-traffic media outlets like Buzzfeed and Endgadget.
You can only purchase Kawaii Lighting items directly from their website, which offers free shipping on orders over $129.
Their most popular product is the cat, star, and heart-shaped 20-inch lights, priced from $299 to $379.
In addition to the $29 heart-shaped microphone, the company also sells a 30-inch beauty disc and a variety of smaller portable lights. We know the best is yet to come for Chloe and Lan’s business as they strive to expand.
