What Happened to the Pinblock after the Shark Tank?
What exactly is Pinblock?
Pinblock is a design block toy that allows creative people to make whatever toy they want without being limited by rigid building bricks.
The bendable block is available in a variety of colors and styles and maybe bent to obtain desired forms and outcomes.
Its goal is to put the designer’s mental abilities for creating interactive toys to the test.
Pinblock was founded in 2014 by Vladislav Smolyanskyy. Mr. Smolyanskyy has previously worked as a volunteer at Euromaidan New York.
As tensions erupted in Kyiv, they and other like-minded individuals aided in bringing people of Ukrainian heritage together.
He is presently engaged as an architect and product design engineer for Raindrop Media Management Inc.
Who is the creator of Pinblock?
Vladislav Smolyanskyy is the president and Owner of Pinblock; in 2014, Mr. Smolyanskyy volunteered in Euromaidan New York.
Mr. Vladislav is dedicated and determined to inspire young minds and thereby impact the world’s future.
He is also interested in learning about business, especially now that he has moved from Ukraine to the United States.
Vladislav and a childhood friend founded and expanded Pinblock, eventually integrating it into the state of New York, prototype, funding for complete manufacture, and market launch. Notably, there were a number of impediments on the ascent.
What Became of Pinblock on Shark Tank?
Vladislav created the company in 2014 after he and a childhood friend developed the concept.
Following the failure of a prior effort, he successfully financed $18,573 on Kickstarter in February 2015.
During his Shark Tank presentation for Pinblock, his new building block toy, Vladislav Smolyanskyy hopes to form a connection with a Shark.
Vladislav entered the Shark Tank is looking for $100,000 in return for a 20% stake in the company, worth $500,000.
Vladislav controls just 85%; the other 15% is owned by a former partner.
The sales of Vladislav totaled $160,000. He created the “beginning packets” he gave the Shark for $3 and sold them for $19.99. Kevin makes a $100,000 offer in return for 30% ownership.
He intended to license Pinblock to a major manufacturer for global distribution. Vladislav claims that this was incompatible with his company’s vision. Barbara proclaims that she went out of the deal, while Lori, Robert, and Mark were out.
Kevin makes a second $100,000 offer for half of the company’s shares. Vladislav accepts the deal of Kevin O’Leary to split the firm’s shares 50/50.
What happened to the Pinblock after it was featured on Shark Tank?
Following Kevin O’Leary’s $100,000 investment for 50% equity shares in the Pinblock Corporation.
Pinblock comes in a variety of bundles with varied color themes and costs roughly $40 for a package of 1000 pieces. Individual colors cost about $4 in packs of 100.
The goal for Vladislav was to build a toy that will excite the intellect while staying versatile. So far, the company has been quite lucrative.
The Pinblock has continued to expand its business, and its yearly income was expected to reach $2 million in 2021.
Pinblock’s net worth
The Pinblock has continued to grow its business, with a total net income of $2 million projected until 2021.
>>What Happened to the Root Suit after Shark Tank?
Pinblock FAQs
What exactly is a Pinblock?
Pinblock is a design block toy that allows creative people to make whatever toy they want without being limited by rigid building bricks.
Are the blocks all the same shape?
The edges are, but they can open them up into tubes and other shapes.
What toys can I build with Pinblock?
The sky is the limit! Customers can build anything from cars to castles to playhouses – use their imagination!
Where can I buy Pinblock?
Buy Pinblock online at www.pinblock.com and www.amazon.com, including Amazon Prime in the United States, Europe, Canada, and Mexico.
What does it mean to be ‘bendable’?
Pinblock is 100% bendable so that users can get creative and build anything they want with it! The blocks are sanded to make them soft on the outside but firm on the inside so they don’t collapse in on themselves.
How do I get special designer versions of the Pinblock?
Customers can only purchase the designer version of Pinblock at www.pinblock.com and www.amazon.com, including Amazon Prime in the United States, Europe, Canada, and Mexico.
Why is Pinblock Male-Dominated?
The skillset required to build with a Pinblock is gender-neutral.
Will there be more products?
Yes! We have about 3 more products in the pipeline for release in 2018, 2019, and 2020.
Are the blocks BPA-Free?
All of the packagings of Pinblock is BPA-free and 100% recyclable (except for the cardboard box return shipping slip).
How does Pinblock work?
Pinblock is 100% bendable so that users can get creative and build anything they want with it! The blocks are sanded to make them soft on the outside but firm on the inside so they don’t collapse in on themselves.
What is Pinblock made of?
Pinblock is made of hardwood, felt, and acrylic.
Where does Pinblock come from?
Pinblock is manufactured in Ukraine.
Does Pinblock have a warranty?
Yes! All of their blocks come with a full one-year warranty, including painting or gluing of parts. They also sell replacement blocks if necessary.
How long does Pinblock take delivery?
It takes about 7-20 business days for delivery of Pinblock in the USA.
What is Pinblock’s return policy?
If for any reason customers are not happy with their product, they can return their product to them for a full refund within 30 days of purchase. All returns must be in new condition and include all original packaging and components.
How do I pay for Pinblock?
Pinblock accepts all major credit cards and PayPal.
Do you ship outside the USA?
Pinblock is for sale worldwide inside and outside the USA!
Can I create my own designs with Pinblock?
Yes! Customers are encouraged to do so because it’s in the spirit of invention and creativity that drives us at Pinblock. They want them to be as creative as possible when building their toys with their blocks.
