“I-want-To-Draw-A-Cat-For-You” is a cartoon painting of stick-figure cats that are drawn and sold by “Steve Gadlin” an artist who draws cat paintings for their customers according to their demands. They sell their art on their online business platform and started their business in 2011 using YouTube videos as their promotional tool and a pay-pal button in it. He becomes popular after entering ABC’s famous reality show Shark Tank to promote their business idea.
The drawings are hand-made with a pencil and sketch and take as long as 1 hour to make 25 drawings, for which they charged $9.95 for each of them, they regularly post their creations on their website to gain customers for their cat drawings.
I-want-To-Draw-A-Cat-For-You at a glance:
| Episode | Season-3, Episode-2 |
| Idea | Cat-Art |
| Founder | Steve Gadlin |
| Asked For | $10,000 for 25% of equity |
| Accepted Deal | $25,000 for 33% of equity |
| Sharks | Mark |
| Business Status | In Business |
| Website | I Want To Draw A Cat For You |
Index:
Founder Story:
Steve Gadlin was a professional cartoon expert and makes cat drawings for their customers and fans for which they charged them with money. They makes art as their professional business in 2011 and started a business identity by the name of “I-want-To-Draw-A-Cat-For-You”. They gain popularity by coming into ABC’s famous reality show Shark Tank in the year 2012.
After the show, he is interviewed by “Forbes” magazine for their drawing that is sold at $1000. Steve stop’s receiving orders after a few days of Forbes interview by saying that “the project has run his curse” they are not satisfied with the price of their projects to draw a project for $9.95. After a few months, they again started receiving orders from November-15 but at $29.99 each.
Did I Want To Draw A Cat For You get a deal on Shark Tank?
Steve Gadlin introduced his cartoon drawings “I-want-To-Draw-A-Cat-For-You” in the Shark-Tank show in season 2 and episode 3. He delivered a musical and dancing presentation to sharks and showed them some samples of it.
Steve come for an investment of $10,000 for 25% of the equity of its business. Sharks like their form of presentation and asked about their sales figures. Steve explains about their sales that, They can sell over 1,200 drawings in a year before the show at $9.95 each.
Out of which 932 are drawings are sold on their website where they regularly post their work and take orders. They can make 25 drawings in an hour, and approx. 1000 a week. They explain about their customers as they have customers who buy their drawings to start their own cat drawing gallery.
They also explain the uses of the funds as they want to use $10,000 to firstly grow their website (e-commerce platform) secondly they want to start dabbling into things like greeting cards. Sharks like their drawing but don’t find any business tactics in it. Therefore all sharks have backed him except “Mark Cuban” who offers them $25,000 but at 33% of equity and Steve accepted the deal. That’s how they get a deal on Shark-Tank.
What happened to I Want To Draw A Cat For You after Shark-Tank?
I-want-To-Draw-A-Cat-For-You receives massive popularity as the number of visitors to its site increases immediately after the show and Steve receives a bunch of new orders after the show.
In 4 years they have drawn more than 18,794 cat drawings for their customers through their website also they started to sell their cat T-shirts and a few of their novelty items on their website. Have employed several employees.
In 2015 Steve stopped their cat drawing business for his new Television show “Steve Gadlin’s Star-Maker” However his website shows that Steve still draws cats drawings to those who requested them as they also sold their “10 cat drawings at $1,000 each” and interviewed by FORBES for that.
Again in 2021, he started to draw cat drawings for their customers but at $29.99 each, and at that time they makes over 21,000 drawings and its company valuation goes initially from $76,000 to approx. $250,000 almost 2.5 times the valuation at the time of the show.
Also at the end of 2021, Steve announced this via email:
I’m trying something new. For 2022, I’ll be drawing one cat drawing per day. You can book a cat drawing here – but be sure to snag the date that’s important to you before it’s gone!
Drawings will be posted on Twitter, Instagram, and my website, and will cost $10.
At the end of the year, I’ll be donating the $3,650 collected from cat drawings to a non-profit, or another artist (TBD), to support their awesome project. The money you spend on cat drawings in 2022 will help support creativity in 2023 and beyond!
Interested? Book now!
Hey, I hope your holiday was swell, and I hope you’re due for a wonderful New Year.
Competitors of I Want To Draw A Cat For You:
The area and the product both are new in the entire market therefore no competitors are found for them although it is all about innovation and creativity, therefore, no one can make a similar product as Steve Gadlin.
Net Worth of I Want To Draw A Cat For You:
Company valuation grows from $76,000 to approx. $250,000 almost 2.5 times the valuation at the time of the show. I-want-To-Draw-A-Cat-For-You receives a massive hike in sales year over year as before the show they sold over 1,200 pieces of their drawings a year before the show at $9.95 each and generates a revenue of $11,940.
After that its revenue increased to $187,000 by selling 18,794 units in just four years after the show. Currently, they can generate a total of $2,53,158 of revenue by November-21.
Is I-want-To-Draw-A-Cat-For-You is still in business?
I-want-To-Draw-A-Cat-For-You is still in business and doing great in his area. It becomes the most popular and maybe the first successful business in its segment. Which gain popularity and revenue both.
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What is I Want To Draw A Cat For You?
“I-want-To-Draw-A-Cat-For-You” is a cartoon painting of stick-figure cats that are drawn and sold by “Steve Gadlin” an artist who draws cat paintings for their customers according to their demands.
Who founded I Want To Draw A Cat For You?
Steve Gadlin was a professional cartoon expert and makes cat drawings for their customers and fans for which they charged them with money. They makes art as their professional business in 2011 and started a business identity by the name of “I-want-To-Draw-A-Cat-For-You”.