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? Let’s take a look at a pitch recap and a Foam Party Hats update.

Shark Tank 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

Foam Party Hats founders Manuel and Grace Rojas brought a bit of fun and creativity to Shark Tank Season 12 with their business, which creates a variety of fun foam hats, including custom designs. The entrepreneurs gave each shark a custom party hat of their own, which got things going in the right direction.

Foam Party Hats: Funny Virus Hat

Foam Party Hats is 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

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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 parties and weddings 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 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.

Since there were no other offers and Manuel and Grace were considering accepting Daniel’s offer, Mark teamed up with Lori Greiner and offered Foam Party Hats a $100,000 investment for 25% equity with no contingencies, which Manuel and Grace accepted.

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

Since airing on Shark Tank, Manuel and Grace have increased lifetime revenue from $385,000 to $1.3 million in sales. Even better, they’re now in all Party City locations.

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.

We are so happy to report a positive Foam Party Hats update and we will keep you posted as we learn more. In the meantime, you can order your custom hat on the official website.

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

• Fitfighter Exercise Hose Update
• LIFTiD Neurostimulation Update
• Bee D’Vine Honey Wine Update

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