What Happened to Cat Drawing After Shark Tank?

What is Cat Drawing?

Cat Drawing is an online business that allows customers to order custom drawings of stick figure cats. Steve had the idea for the company one night when he was thinking about how he might turn his ideas into a commercial brand with a fan following.

In 2011, the company launched a website with only an embedded YouTube video and a PayPal button. He came up with the idea of a family-friendly stick-like cat figure doing a variety of functions.

He planned to develop attention and a market for the drawings before selling them online, similar to a popular newspaper cartoonist.

Who is the originator of Cat Drawing?

Gadlin Steve is the founder of Cat Drawing. The firm began one night when Steve pondered how he might turn his ideas into a commercial brand with a fan base.

The company was founded in 2011, with a website that initially had only an embedded YouTube video and a PayPal button.

He came up with the idea of a family-friendly stick-like cat figure doing a variety of functions.

He planned to develop attention and a market for the drawings before selling them online, similar to a popular newspaper cartoonist.

Gadlin initially pitched the idea as a joke, with the goal of developing a profitable business with nothing more than a widget.

Gadlin is an innovator who finds inspiration in the bathroom on a regular basis. He believes that his notion is completely unique in the industry and that his drawings would sell well. It’s almost ridiculous how simple it is, yet Gadlin’s enthusiasm and assurance are contagious.

What Happened to Cat Drawing During the Shark Tank Pitch?

Steve Gadlin approaches Shark Tank investors with his Cat Drawing concept in the hopes of obtaining aid with manufacturing and marketing.

Gadlin entered the Shark Tank looking for a $10,000 investment in return for a 25% ownership in his company, which worth $40,000.

He sets the music and gives the Sharks a musical presentation on his cat-drawing firm, complete with dance sequences that had Mark Cuban bouncing in his seat.

Gadlin then gets down to business, hardly the most convincing argument the Sharks have heard so far, but he does have a point.

He provides a bespoke cat drawing service for around $10, in which purchasers specify a cat and a scene, and he will draw it.

He is capable of sketching about 1,000 drawings every week. Kevin O’Leary goes right to the point by asking about sales. In the last year, Gadlin has sold over 1,200 drawings, earning little more than $9,000.

Kevin O’Leary is intrigued about what he plans to do with the money. Gadlin plans to add greeting cards and other merchandise to the collection.

Kevin O’Leary seldom invests in artists since the firm is totally dependent on the artist’s creativity, health, and ability to continue.

Kevin O’Leary claims that the business is “uninvest able” owing to its size, and he has withdrawn from the transaction. Robert Herjavec was also out of the deal owing to a loss in the first year.

Mark Cuban was intrigued with the idea and offered $25,000 for a 33% stake in the company, which is more than twice the initial investment request.

Gadlin contacts Mark Cuban and asks him to draw one of every 1,000 cats. Mark Cuban accepts, and the deal is sealed not just with a handshake, but also with a dance performance.

What Happened to Cat Drawing After Shark Tank?

Following the pitch dance with Steve and Mark Cuban, the sale was concluded and the business is now running.

In the four years since his company’s inception, Gadlin has created 18,794 individualized cats for individuals via his website.

Despite suffering from acute writer’s cramp, he also promoted cat tee shirts and other novelty items and hired a large number of employees.

Gadlin said in January 2015 that he will close his cat-drawing business to focus on his new television show, Steve Gadlin’s Star Makers, which airs on WCIU-TV.

However, Gadlin’s website and social media profiles show that he is still painting cats for collectors who want them, implying that the firm is not as dormant as he claims. Cats, after all, have nine lives.

In June 2021, Steve re-launched the company, asking $9.95 for cat drawings, the same price he charged when he originally went on Shark Tank.

He’s drawn over 21,000 cats. In September 2021, Steve launched a Kickstarter campaign for The Fart Pedal, a guitar pedal that converts music into fart noises.

Cat Drawing’s Net Worth

During the pitch, the firm was valued at $40,000; following the Mark Cuban deal, the company’s worth increased to $75,756.

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Cat Drawing FAQs

How does Cat Drawing work?

Customers visit CatDrawing.com and provide details about a person and a scene, such as the person’s name, pet, or sport, that they want depicted in a cat drawing.

How many drawings has Cat Drawing created?

Since the business’s formation in 2011, the firm hand-painted 18,794 cats for consumers via its website.

How does Cat Drawing generate revenue?

The firm makes money from the sale of its cat drawings.

How much does Cat Drawing cost?

The cost of each individualized cat drawing is $9.95.

Who is the owner of Cat Drawing?

Steve Gadlin is the owner of the company.

What was the first deal offered by Cat Drawing on Shark Tank?

The firm originally wanted $10,000 for a 25% stake in the company, which was worth $40,000 at the time.

What is the target age for Cat Drawing?

The target age for the drawings is 8-years-old, but as for pets and people, everyone can request cat drawings.

What is an example of a Cat Drawing?

A picture of a cat with the words: “I love you.”

Where does Cat Drawing operate from?

Cat Drawing currently operates from Chicago, Illinois.

What is the business model of Cat Drawing?

The business model of the firm is a bespoke cat drawing service in which customers upload details about a person and a scene, such as the person’s name, pet, or sport.

How do you upload a Cat Drawing?

If customers want to upload their drawings on the website, fill out the order form with their name and the details of their pet or other subjects.

Is Cat Drawing a subscription plan?

The company does not have a subscription plan.

How does Cat Drawing work?

Customers visit CatDrawing.com and provide details about a person and a scene, such as the person’s name, pet, or sport, that they want depicted in a cat drawing.

What are the benefits of Cat Drawing?

The greatest benefit of the company is that it’s a one-stop shop where user can get all kinds of cat drawings, such as cats, people, and landscapes.

Is Cat Drawing legal?

The drawings are legal.

Does Cat Drawing ship internationally?

Cat Drawing does ship worldwide, but shipping is free only for the United States.

Does Cat Drawing offer framing?

No, the company does not offer framing services for its products.

 

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