PinBlock
PinBlock

Next up is Vladislav Smolyanskyy of PinBlock, seeking $100,000 for 20 percent equity.

PinBlock offers an innovative way to play with block toys. According to their website, their blocks reinvent construction by making every block the same shape and providing pivot points. PinBlock features four sets: single colors (100 pieces), starter packs (400 pieces), jet sets (900 pieces) and freestyles (1,000 pieces). With PinBlock, creatives can build 3D models, create pixel art and design wearables, according to their website. Their website provides tutorials to make the best out of the fun block toys.

They have done $160,000 in sales. The sharks are impressed by his American Dream success story after he immigrated from the Ukraine. Kevin O’Leary likes the concept and offers $100,000 for 30 percent, contingent on partnering with a large toy company. That plan goes against his strategies of building out a brand and putting it into big retail stores.

Barbara Corcoran likes O’Leary’s offer and goes out, followed by Lori Greiner for seeing too long of a road ahead. Robert Herjavec finds the licensing angle smart as well and, despite being inspired by his story, goes out, followed by Mark Cuban. Given that all other sharks are out, O’Leary then modifies his original offer to be a 50/50 partner. Because of his knowledge in the toy industry, Smolyanskyy accepts the offer.

Social Media Reacts to PinBlock’s Appearance on “Shark Tank”

Each week on “Shark Tank,” budding entrepreneurs have the opportunity to pitch their emerging business to six multi-millionaire and billionaire investors, known as sharks: Mark Cuban, owner of the Dallas Mavericks; Daymond John, fashion mogul and founder of FUBU; Kevin O’Leary, self-proclaimed Mr. Wonderful and founder of O’Leary Financial Group; Barbara Corcoran, real estate maven; Lori Greiner, queen of QVC; and Robert Herjavec, technology guru and founder/CEO of the Herjavec Group. Venture capitalist Chris Sacca is also slated to appear as a guest shark this season.

“Shark Tank,” which is based on “Dragons’ Den,” is produced by Mark Burnett and first debuted in 2009. To date, the sharks have invested more than $87 million in various companies after engaging in numerous bidding wars and shark fights. A new episode airs each Friday at 9 p.m. on ABC.

Would you try out PinBlock building blocks? Sound off in the comments section below!

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