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EmazingLights illuminated the stage on Season 6 of Shark Tank with its groundbreaking product tailored for the EDM and festival aficionados: LED glove sets. These specialized gloves, adorned with strategically positioned LED lights, cast mesmerizing light displays, especially in dimly lit surroundings. Crafted for the art of “gloving,” a dance form characterized by intricate movements using illuminated gloves, EmazingLights brought a new dimension to the world of entertainment.
Emazing Lights Net Worth & Journey
Emazing Lights net worth is estimated to be $0 after the closure. The company had a valuation of $12.5 million after securing the investment from Mark Cuban and Daymond John on Shark Tank. Brian Lim’s last post is in 2019 on Instagram. But he has been tagged on December 19, 2023 in the EDM scene where he seems to be celebrating, maybe the company’s net worth is rising again.
In the realm of neon luminescence, EmazingLights started in 2010, unveiling radiant gloves from a clandestine car trunk. What began as a familial sanctuary burgeoned into an extraordinary vision. Despite unforeseen challenges, including a gloving ban and the pandemic’s shadow, EmazingLights now concludes its luminous tale. Grateful sirens extend appreciation to EMAZING patrons, urging the community to perpetuate the boundless joy and love kindled 13 years ago.
Emazing Lights: Founder Education
2010 saw Brian Lim launch EmazingLights, his first business venture after graduating from the University of California, Irvine with a degree in economics. With his first firm, Into the AM, a clothes line for EDM and festival goers, Lim was already well-versed in the business world and saw a gap in the party scene. He founded EmazingLights after being moved by the alluring art of gloving and realizing its potential as a communal movement.
Emazing Lights: Social Media
Emazing Lights: Shark Tank Pitch
Brian Lim made a memorable pitch for EmazingLights on Shark Tank Season 6, aiming for a $650,000 investment in exchange for 5% equity, valuing the company at $13 million. The Sharks were initially skeptical about the valuation but were captivated by the product’s uniqueness and the company’s robust sales. Ultimately, Daymond John and Mark Cuban made a deal, investing $650,000 for 5% equity and a 20% share of licensing deal revenue.
Emazing Lights: Post-Shark Tank Success
After the Shark Tank appearance, EmazingLights experienced a surge in business. The exposure led to increased interest and demand for their LED glove sets, resulting in substantial growth. Mark Cuban’s strategic guidance helped the company expand operations, introduce new products, and secure partnerships with major festivals and events in the EDM scene.
Emazing Lights: Recognition And Achievements
EmazingLights’ meteoric rise was acknowledged by Inc. magazine, securing the impressive 189th spot on the Inc. 500 list. Boasting a staggering 2281% growth rate over three years, the company generated a substantial $5.8 million in revenue in 2013. Brian Lim got featured in Vice, Entrepreneur, Inc500.
FAQs
Who is the CEO of Emazing Group?
According to LinkedIn Brian Lim is the CEO of Emazing Group.
Is emazing lights still in business?
In January 2023, they declared they are off the grid now but they kept their promises on delivering orders.
Are chroma evos motion sensor emazing lights?
Absolutely, the EmazingLights Spectra Evos motion sensor has three settings.
