Gloving has been very popular over the years through art and dance. People can show their emotions by wearing lighted gloves. EmazingLights take gloving to the next level by giving the edge that a person needs. The company offers all types of lights for gloving, from basic to super high-end LEDs, according to the person’s preference.
The most popular product is an eZLite Glove Set that contains white Magic Stretch gloves, 10 premium LED lights with eZLite microchip, 20 batteries and a protective tray- all equipment necessary for gloves. There is no need for any external equipment as it is programmed to be used by a series of clicks in the set itself.
Emazing lights at a Glance:-
| Idea | LED lights for parties, decoration, and fun. |
| Founders | Brain Lim |
| Asked For | $650,000 for 5% |
| Accepted Deal | $650,000 for 5% equity + royalties too |
| Sharks | Mark Cuban and Daymond John |
| Business status | In Business |
| Episode No. | Season 6, Episode 22 |
| Website | Emazing lights |
| Buy on Amazon | Buy Now! |
Index:
Who are the founders of Emazing lights?
Brain Lim is the founder of Emazing lights before he used to work at Vistage Worldwide. Brain started this business in 2010. Brain get the idea of light gloves and he made it his aim to provide light shows around the country. Brain Lim rectified his success when Emazing lights were ranked below the 190th fastest-growing business.
Brain Lim had founded two more commercial businesses which include iheartraves and into them. The brain had shared on his LinkedIn profile that he started this business with an investment of $100. Brain businesses have been recognized under the annual “Inc 500 six times in a row.
Did Emazing lights get a deal on the Shark Tank?
Brain Lim entered the shark tank seeking an investment of $650,000 for an exchange of 5% equity in business exchange. Brain Lim demonstrated how his gloves work and explained the whole concept behind his business. Sharks tried the gloves and loved the idea. During the pitch, Mark and Brain had a good talk. Mark and all the other sharks saw the potential in the product.
Kevin O’Leary gave an offer of $650,000 at an interest rate of 3%. Daymond John gave an offer of $650k for an exchange of 20% equity in the business. Robert Herjavec and Lori Greiner teamed up and gave an offer of $1 million for an 8% equity in return. Mark and Daymond teamed up and gave an offer of $650,000 for 5% equity along with royalty in the business. Robert Herjavec and Lori reframed their proposal to 5% equity. Brain didn’t give any thought and accepted the deal of Mark and Daymond as for him it was not about equity it was about sharks.
What happened to the Emazing lights after the Shark Tank Show?
After the Shark Tank show, Emazing lights felt amazing. When the show aired, their sale was on the boom. Emazing Light gradually extended its business online. The deal made on the show got closed and the shark’s expertise added brightness to their lights. After the show, the founder shared his experience on his LinkedIn profile that how amazing it was to present Emazing lights in front of the sharks.
During the pitch, they came up with a valuation of $13 million and received the same from Mark Cuban and Daymond John. After the show, they were highlighted by big media such as business insider, Inc, The new york observer, Elite Daily, Cnn money, Market Watch, and Yahoo Finance.
Emazing lights product line includes hand gloves, gloving parts and batteries, Orbits, Poi balls, and Fiber optics whips. After the show, they did a few additions which include Masks and Bandanas, T-shirts, Tanks, Hoodies, shorts, and joggers.
After the show, the journey took a beautiful turn for Emazing lights. They were also telecasted on rolling stone, Magazine, Vice, and Buzzfeed online.
Competitors of Emazing lights are:-
- Chopard
- Effy Jewelry
- Lucky Brand
- Sound Waves
What is the net worth of Emazing Lights?
The estimated net worth of Emazing lights is $15 million. They came on the show with a valuation of $13 million.
Are Emazing lights still in business?
Emazing Light is still in business and is doing great. They also added masks and t-shirts to the product line and were also recognized by various media and magazines.
Social Links:
Do Share Your Thoughts:
Do tell us all your thoughts in the comments section below, we look forward to reading all the comments in the section below.
Also, don’t forget to try our Android app 📱 which contains startup case studies and business book insights 📚 , verified business strategies, and no bullshit!!
Related Articles:
- Who are the Sharks and Guest Sharks?
- FiberFix Shark Tank Update
- Hot Tot Shark Tank Update
- Aquapaw Shark Tank Update
- Petnostics Shark Tank Update
- Lucy Drawing Tool Shark Tank Update
FAQs:
What is Emazing lights?
Gloving has been very popular over the years through art and dance. People can show their emotions by wearing lighted gloves. EmazingLights take gloving to the next level by giving the edge that a person needs. The company offers all types of lights for gloving, from basic to super high-end LEDs, according to the person’s preference.
What's the net worth of Emazing lights?
The estimated net worth of Emazing lights is $15 million. They came on the show with a valuation of $13 million.