Emazing Lights Gloves Update | Shark Tank Season 6
The latest dance craze, according to Brian Lim, is called “gloving”, which is basically a dance show for glowing fingers. He’s created specialty gloves with lights, which are a necessity for the light shows these gloves are used for. Will his product get him a deal on
Shark Tank Emazing Lights Update
- Entrepreneurs: Brian Lim
- Business: Light show gloves
- Ask: $650,000 for 5% equity
- Result: $650,000 for 5% equity + 20% of any licensing deals from Daymond
- Sharks: Daymond John and Mark Cuban
Brian entered the tank with a dance crew, that put on a light show using the Emazing Lights gloves that he created. With the lights turned down and the music turned up, the guys put on a great show and their fingers seemed to dance through the air. The gloves, depending on the set purchased, have differed levels of programming abilities.
The company had generated more than $13 million in gross sales prior to filming. Products sold for between $20.00 and $120.00 and it cost between $10.00 and $17.00 per unit to make With more than 90% of revenue coming from online sales, the sharks were impressed with the overall numbers.
Kevin O’Leary decided to make an offer of $650,000 as a loan in exchange for 3% equity, but Brian quickly declined. Daymond John offered $650,000 in exchange for 20% of any licensing deals he would secure. Robert Herjavec and Lori Greiner teamed up to make an offer of $1,000,000 in exchange for 8% equity. Mark Cuban said he’d go in with Daymond, offering $650,000 for 5% equity, while Daymond would get 20% of licensing deals.
After some intense negotiations between the interested sharks, he ultimately accepted the offer from Mark and Daymond! What happened next for his company? Keep reading our Emazing Lights update to find out!
We’ve got sad news to report in our Emazing Lights update! On January 9, 2023, the company shared on their Instagram account that after 13 years in business they have decided to close down. A ban on gloving in clubs and the pandemic, ultimately made it too hard to survive. This will be our final Emazing Lights update.
Would you like to learn about the other companies featured on Season 6 Episode 22? Follow the links below for our other company updates from the episode.
For even more on companies and products, be sure to stop by our Season 6 Products Page!
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Jennifer is an avid Shark Tank fan that has been watching the show for years. She serves as Senior Editor at Shark Tank Recap and ensures that all our information is accurate and that our posts are up to date. Her favorite Shark Tank products are Le-Glue and Ring!