What Happened to Magic Moments App after the Shark Tank Pitch?
What is Magic Moments App?
Magic Moments was a smartphone app that allowed users to take photos with their phones and easily submit them to CafePress, where they could be printed on tee-shirts, mugs, and other paraphernalia for personal use or to sell through the Magic Moments Cafe.
Who is the Founder of Magic Moments App?
Magic Moments App is the brainchild of Sanford Nelson, Trevor George, and Blake George.
Trevor is an on-demand printing expert and digital marketer, while Blake is an MBA and former owner of a digital development business.
Sanford Nelson, Trevor’s University of Michigan roommate and former investment banker is a former investment banker.
The three entrepreneurs expanded their enterprises with the help of the online behemoth CafePress. Users can not only construct and design items for personal use, but they can also sell their creations on the “Magic Moments marketplace” and earn commissions on sales.
Cafe Press began working with Magic Moments in November of 2012.
The relationship is genuine, and having Cafe Press on board provides respectability and impact. It looks to be a large sum of money for a year’s work.
What Happened to Magic Moments App at the Shark Tank Pitch?
Sanford, Trevor, and Blake approach the Sharks for a $500,000 investment in return for 15% ownership of their company in Season 5 Episode 9. This equates to a valuation of $3.3 million.
Magic Moments allows you to take gorgeous photos with your phone and transform them into personalized products.
The big difference is that Magic Moments allows you to create these products while you’re on the go; you don’t have to rely on the bulkiness of a digital camera and connecting it up to your computer, uploading the photo to your computer, and then editing it for a product.
The Sharks quickly bring up the matter of rights: if a user pictures another person, they must show that they have obtained a model release before selling the image to the public.
Kevin O’Leary questions the company’s value, claiming that he can replicate their deal for $3-400,000. He’s already gone.
Mark Cuban believes that if he takes a photo with his phone, it will be uploaded to his computer instantaneously. Due to the inconvenience, he will not do it on his phone. He’s already gone.
Daymond John interjects, reminding the three that they require “proof of concept” at this time; that their idea may be fine, but they lack the fundamental foundation without big sales to back it up.
Lori is perplexed as to why someone would buy something based on images taken by others; when she does not obtain an answer, she leaves.
Robert feels the trio demands immediacy, but they have yet to establish that such a market for demand exists.
That is his issue to the entire concept, and he is also out because he does not feel there is much demand for Magic Moments in reality. And the group exits the Tank without reaching an agreement with a Shark.
What Happened to Magic Moments App after the Shark Tank Pitch?
The Magic Moments website appears to be operational, however the app is no longer accessible on the iTunes store, and the social network accounts have been dormant since 2013.
Magic Moments is no longer in business.
What is the Net Worth of Magic Moments App?
Sanford, Trevor, and Blake approached the Sharks, asking for a $500,000 investment in return for 15% of their company. This equates to a valuation of $3.3 million. However, they are no longer available.
Who are the Competitors of Magic Moments App?
Magic Moments App does not have any competition.
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Magic Moments App FAQS
What is Magic Moments App?
Magic Moments was a smartphone app that allowed users to take photos with their phones and easily submit them to CafePress, where they could be printed on tee-shirts, mugs, and other paraphernalia for personal use or to sell through the Magic Moments Cafe.
Who were the founders of the Magic Moments App?
Blake George, Trevor George, and Sanford Nelson.
In the Shark Tank Pitch, how much money were they looking for?
They asked for $500,000 for a 15% ownership in their company.
How much were they seeking in the Shark Tank Pitch?
No. They declined the $500,000 offer for 15% of their company.
Is Magic Moments App still in business?
The Magic Moments website appears to be idle, but the app is no longer available on the iTunes store, and their social media profiles have been dormant since 2013.
What were sale for Magic Moments App?
There were no transactions.
Who are the Magic Moments App’s competitors?
Magic Moments App does not have any competition.
What were the Magic Moments App’s greatest strengths?
Magic Moments is a technology-enabled social networking platform that allows users to shoot and edit photographs from their smartphones and then submit them to CafePress, where they may print them on shirts, mugs, and other paraphernalia for personal use or to sell through the Magic Moments Cafe.
It allows you to make personalized items while you’re on the road.
What were the Magic Moments App’s weaknesses?
Magic Moments asks customers to acquire formal authorization and a model release before selling any photographs.
How did they make money?
Magic Moments allows users to construct and design objects for their own personal use, but it also allows them to sell their creations on the “Magic Moments marketplace” and earn commissions on sales.
Where can they find them?
They are no longer in operation.
Is there a Facebook Fan Page for The Magic Moment App?
Since 2013, my Facebook account has not been updated.
Is there a Twitter for Magic Moments App?
Twitter has not been updated since 2013.
What is their contact information?
There is no known phone number for Magic Moments.
How much did the founders invested?
In exchange for a 33 % ownership in the firm, they raised $500,000 from family and friends.
How much do they think it was worth?
They are no longer in operation.
