Pinblock Net Worth 2021

Pinblock is a toy that helps kids build creative play. The product comes in different colors and designs. It was created by Vlad Smolyansky, a Ukrainian who emigrated to the United States. He is now the founder and CEO of the company.

In January, Pinblock was featured on the show Shark Tank. Kevin O’Leary invested $100,000 in the company and offered to give Smolyansky 50% of the ownership. Currently, it is unclear whether the deal is still in progress or not. However, it has been stated that it will be a global toy brand in the future.

After the episode aired, the company received a flurry of orders. To cope with these orders, Vlad Pinblock redesigned the sets from scratch. They are now available in different shapes and topics. The company also plans to release a puzzle that will be compatible with tablets.

Founded in 2014, Pinblock is owned by Vladislav Smolyansky. Before founding the company, he served as a volunteer in the Euromaidan movement in New York. During his time in the Euromaidan, he developed building blocks. Later, he founded the company with his friend, ShiJun.

According to the website, the company has 25 employees and expects to expand its business. Sales revenue for the year is projected to increase from $160,000 to $2 million. Since the business started, it has generated a moderate profit. During the future, it aims to become a global brand and build strong relationships with its investors.

Vlad, who is 21 years old, is the inventor of the Pinblock toy. His father died when he was eight years old, so he decided to try his hand at the business. As an entrepreneur, he is motivated to help young brains develop and inspire young people.

Kevin O’Leary, who is an investor in Pinblock, wants to license the toy to a big manufacturer and distribute the product globally. Despite this, he still wants to own at least 50% of the company. A deal has yet to be finalized, but he has the right to refuse any offer.

Unlike other toys that are just pieces of wood or metal, the Pinblock toy is a construction block toy. It allows children to create anything they want with its flexible design. Each toy is sold in a box of 1000 pieces and costs $40. Individual hues, such as white and yellow, cost $4 each.

There are several companies that manufacture Pinblock. Some of the manufacturers include Mattel and Zhu, which are both located in the United States. Nevertheless, it appears that there are several products on the company’s website that are no longer in stock. Therefore, the site may be shut down.

The inventor of the Pinblock toy, Vlad Smolyansky, is from Kiev, Ukraine. His grandparents moved to New York and he grew up in Brooklyn. During his childhood, he was a curious and active child. Although he grew up with a busy lifestyle, he always took the time to learn, allowing him to develop creativity.