Foam Party Hats Update | Season 12

Manuel and Grace Rojas came to Shark Tank Season 12 to pitch their company, Foam Party Hats. They create fun, custom party hats with the goal of bringing some fun to parties, celebrations, and more. Will the sharks be willing to join the party? Find out in our Foam Party Hats update.

Shark Tank Foam Party Hats Update

Foam Party Hats Update

  • Entrepreneur: Manuel and Grace Rojas
  • Business: Custom-designed foam hats
  • Ask: $100,000 for 15% equity
  • Result: $100,000 for 25% equity
  • Shark: Mark Cuban and Lori Greiner

Manuel and Grace brought a bit of fun and creativity to Shark Tank Season 12 with their business, Foam Party Hats. They create a variety of fun foam hats, including custom designs.

Life of the Party
Foam Party Hats Pink Foam Wig

Your one stop party shop for all your party, dress up, or Halloween costume needs for adults. Oversized wigs, headbands, animal, dinosaur, food and drink, sports, wedding, birthday, holiday, seasonal, graduation, party accessories, favors, and more.

We earn a commission if you make a purchase, at no additional cost to you.

The entrepreneurs gave each shark a custom party hat of their own, which got things going in the right direction.

Despite all the fun, things haven’t always been a party for Manuel and Grace. In 2017 Foam Party Hats only did $25,000 in sales.

However, that number tripled in 2018, and by 2019 the company had done $145,000 in sales.

Partially through 2020, Foam Party Hats has done $153,000 in sales, which is pretty good considering there were very few events due to the COVID-19 pandemic.

Guest shark Daniel Lubetzsky showed interest in Foam Party Hats and made an offer of $100,000 for 30% equity. His offer was contingent on the fact that Manuel quit his full-time job as a mechanical engineer.

Mark Cuban disagreed with the offer and warned Manuel that it’d be a mistake to quit his job at this point.

Mark decided to team up with Lori Greiner to make the entrepreneurs another offer. Together, the two sharks offered $100,000 for 25% equity.

While Manuel and Grace had initially considered Daniel’s deal, in the end, they decided to work with Mark and Lori instead.

With two new sharks on the team, let’s take a look at our Foam Party Hats update to see how they’re doing!

We have great news to share in our Foam Party Hats update! Since airing on Shark Tank, Manuel and Grace have increased lifetime revenue from $385,000 to $1.9 million in sales.

Even better, they’re now in all Party City locations.

During our Foam Party Hats update research, we found that the investment from the sharks has also allowed Manuel and Grace to buy new equipment to make the hats in-house.

Being able to make their hats faster has brought in more purchase orders, and will help the company grow even more.

By visiting the Foam Party Hats website, you can get your very own foam fashion accessory! You can even see the process of how these fun party items are created.

Additionally, products are also available on Amazon.

For updates on the other products featured on Season 12 Episode 5, be sure to check the links below!

For more Shark Tank product updates, be sure to check out our Season 12 products page!

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Andrew Smith is the founder and owner of Shark Tank Recap. He is a longtime Shark Tank fan that has been watching it for years and has seen every episode multiple times. His friends know him as the Shark Tank expert, because he can answer any question about the show! His favorite Shark Tank products are Bertello's pizza oven and Bug Bite Thing!