Vladislav Smolyanskyy hopes to build a relationship with a Shark when he pitches PinBlock, his new construction block toy, in Shark Tank episode 811. Vlad started the business after he and a childhood friend came up with the concept in 2014. He successfully raised $18,573 on Kickstarter inn February, 2015 after an earlier campaign failed.
PinBlock is a toy building block that comes in one shape and size in a variety of colors. It’s designed to allow “builders” create anything they can imagine, without the limitations of “special” building blocks (think Lego). The design even allows for moving pieces.
There are tons of tutorial videos that show people how to build different models. PinBlocks come in a variety of packages with different color themes for about $40 a box for 1000 pieces. Individual colors in packs of 100 cost about four bucks. Vlad’s goal was creating a toy that challenged the imagination while maintaining flexibility. So far, the business is fairly successful. PinBlock sets sell on Amazon and on the company website.
Vlad likely wants a Shark’s help getting his new toy into major retailers. Will a Shark pay to play with this business?
PinBlock Shark Tank Recap
Vlad will pitch the panel of five Sharks on the business and its prospects for growth. He’ll need to convince Mark Cuban, Barbara Corcoran, Kevin O’Leary, Lori Grenier, and Robert Herjavec that the company is worthy of a Shark investment. A good business plan, good financials, and sales data will impress the Sharks, but he’ll need to show them HE is capable of running the company to “Shark standards.” A full pitch re-cap on PinBlock will be available on Shark Tank Blog once this episode airs.
PinBlock Shark Tank Update
The Shark Tank Blog constantly provides updates and follow-ups about entrepreneurs who have appeared on the Shark Tank TV show. Once an episode has aired, we monitor the progress of the businesses featured, whether they receive funding or not and report on their progress. The Shark Tank Blog will follow-up on PinBlock and Vladislav Smolyanskyy as more details become available.
Posts About PinBlock on Shark Tank Blog
PinBlock Company Information