Have you ever wanted to create a unique T-shirt, or maybe want to put your logo on something that is not just paper?
Lumi is a company that creates solar-powered printing inks that can be used to develop photos on fabric. Founded by Jesse Genet and Stephan Ango, the pair began experimenting with the “Lumi process” in their apartment building’s laundry room. They ran a successful Kickstarter campaign to raise funds for developing their product and have since sold over 30,000 kits.
The company has expanded its reach to big boxes craft stores like Urban Outfitters, Michael’s, and JoAnn Fabrics, as well as its app allowing users to mock up designs, order supplies, and access user guides. Their product is now available on Amazon.
Lumi Photo Printing Kits use the sun’s power to create permanent designs on any surface. Snap a photograph and upload it to the Lumi app. The photo can be printed on either a natural material or fabric.
Lumi App allows you to create a digital negative from any photo you have taken. You can save this and print it at home or send it via Lumi. Snap open the packets of light-activated dye and spread them on your chosen surface.
Place the image you are printing on a photo transfer mat or a duffle bag, and leave it to dry for ten minutes to set the design and make it permanent. Take your photos from the darkroom onto a surface that you can use to create something amazing with Lumi.
What Is Lumi?
Lumi is a do-it-yourself picture printing kit that prints photographs onto fabrics such as t-shirts using natural sunlight. Lumi is a way for Sharks to create unique and personalized designs on t-shirts and textiles using only solar energy.
Lumi is a unique product that leverages the power of the sun to print custom designs on fabrics, t-shirts, and textiles. The product works by placing a template over the item in sunlight, transferring its design to the textile, t-shirt, or other product.
Lumi has grown with the help of Puma workshops and is now available online and in outlets like Urban Outfitters, Michael’s, and JoAnn Fabrics. In 2021, Lumi reached an annual revenue of $2.5 million.
You may place a template over the item and then transfer the design to the textile or product exposed to direct sunlight. Lumi was an innovative concept but was far from the most effective printing design for paper or material.
Lumi’s original purpose and design have shifted dramatically since its conception — while competitors for individual solar-powered printing have emerged, Lumi has entered a completely new sector.
Lumi has grown into a highly successful corporation that provides products and services to enterprises and manufacturers rather than individual consumers.
Sharks did not invest in the company (citing lack of cash flow), but other venture capital firms like Y Combinator seeded the startup.
Lumi has evolved into a printing and design company focusing on connecting textile and product printers with businesses needing their services while maintaining a transparent supply chain with a low carbon footprint. The company is now worth several million dollars and has a diverse clientele.
|Business||Printing and packaging online|
|Investment Asking For||$250,000 For 5% equity in Lumi|
|Final Deal||No Deal|
|Episode||Season 6 Episode 19|
|Business Status||Out Of Business|
Who Is The Founder Of Lumi?
Jesse Genet is the founder of the Lumi. Jesse had been running the firm for more than three years before being invited to pitch her ideas on SharkTank.
Jesse has since joined a Silicon Valley startup farm, and his business has been a success.
Lumi Before Shark Tank
Lumi founder Jessica Jennay is asking for a $250,000 investment in exchange for a 5% stake in her company. Are you interested in designing a t-shirt or printing your logo on something other than paper?
Using the sun’s power, you can print stunning, lasting artwork on any natural material.
Jessica claims she will demonstrate exactly why Lumi is different from anything else the Sharks have seen; take a photo with your phone camera, upload it to the free Lumi app, and press negative to turn it into a negative.
You can either save and print the image yourself or order it from Lumi. They will print it for you and ship it to you.
Even in her adolescence, Jesse possessed an entrepreneurial flair, having begun selling t-shirts at 16. Jesse grew during her college years by selling t-shirts to stores.
Her business partner Stephan Ango and Jesse met while experimenting with the “Lumi process” in their laundry room while attending Art Center College of Design in Pasadena.
They turned to Kickstarter in 2010 to raise funds for their research and raised $13,597. Lumi may be used on a variety of surfaces, including furniture fabrics. Still, their ultimate goal was to provide a kit allowing individuals to use their Inkodye (inks) to create authentic art on t-shirts or furniture.
They raised $268,437 later that month on their $50,000 goal in their second Kickstarter campaign!
The partnership with Puma to develop the concept in Europe, Asia, and the Middle East through “creative factory workshops” was a huge success for the duo.
It was a smooth ride for the company since it sold over 30,000 kits and was carried by retailers such as Urban Outfitters, Michael’s, and JoAnn Fabrics.
Lumi Features was created to connect like-minded people by sharing creative designs on YouTube. Continued to develop an app that allows you to exhibit your sample designs, place supply orders, and access learning manuals.
Lumi moved to Los Angeles in 2014, taking up a large 12,000-square-foot factory before requesting Shark Tank support.Is Lumi Capable of Sealing the Deal with Sharks?
How Was The Shark Tank Pitch Of Lumi?
Jesse comes to the Shark Tank show requesting an investment of $250,000 in exchange for a 5% stake in Lumi.
Kevin proposes you invest $250,000 in exchange for a 50% stake in Lumi or $250000 on an 8.5% interest loan with a 12.5% equity in Lumi.
Jesse was looking for an investment, not a loan, so he focused on investment deals. Jesse knew she could borrow money but was seeking to invest the money rather than get a loan.
Robert and Lori offer to buy 5% of the Lumi with a $250,000 investment plus a $ 100,000 loan in exchange for 2% equity.
Kevin, Robert, and Lori work on equity and loan deals. Jesse was unwilling to give equity in exchange for a loan because she could already get a loan.
Jesse denied accepting the offer as he didn’t want any debt for Lumi. Jesse left the Shark Tank stage without securing any deal from the Sharks.
What Happened To UnShrinkIt After Shark Tank?
Final Deal: No deal between Lumi and Sharks.
What Happened To Lumi After Shark Tank?
Lumi appears to have refocused its efforts following its debut on Shark Tank. Lumi is currently referred to as “Inkodye,” which has resulted in a great deal of uncertainty over the product’s performance.
There are still Inkodye products available online and in various craft stores, and customers generally like them.
What Happened To Hugo’s Amazing Tape After Shark Tank?
The Inkodye bottles received an average rating of 3.60 out of 25 on the Dharma Trading website, specializing in “fiber art supplies and clothing banks.”
The bottles are rather pricey, costing $13.49 online for one to nine bottles and $12.99 per bottle for quantities of ten or more.
Inkodye is also sold out of several colors, pointing to possible insolvency and impending failure.
Lumi Shark Tank Update
The popularity of Lumi skyrocketed, and they generated great sales after appearing on Shark Tank, even though they didn’t get any deal from the Sharks.
Lumi focused on its packaging and improved it as recommended by the Sharks, which helped them remarket their product.
Lumi has been an example product that is doing pretty well without any investment from the Sharks. Lumi is still in business as of 2023, making $9 million in annual revenue.
Is Lumi Still In Business?
Lumi is still in business and doing well as of 2023. Y Combinator seed funding enabled Lumi’s new software platform, Lumi.com, to be launched one month after the Shark Tank episode aired.
Lumi.com allows users to design and order unique packaging and branding accessories like stickers and rubber stamps.
What Happened To NoPhone After Shark Tank?
The Wall Street Journal, ShaveFace, Blackbox, and MailChimp are thousands of businesses using Lumi for packaging.
There are three different Lumi plans: Starter (for businesses shipping over 1,000 orders per month), Growth (for businesses shipping over 10,000 orders per month), and Enterprise (for businesses shipping over 100,000 orders per month).
What Is the Net Worth of Lumi?
The valuation of Lumi was $5 million when it appeared on Shark Tank. The net worth of Lumi is $9 million as of 2023.
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How is Lumi doing after Shark Tank? ›
Three months after their appearance on Shark Tank, Jesse and her business partner, Stephan Ango, refocused the purpose of their company to packaging for brands. They even worked with some Shark Tank companies like Bombas. Fast forward to September, 2022 and they're still in business with $9 million in annual revenue.What is Lumi worth now? ›
|Amount||Today at 6:26 am|
Jesse Genet is an American businesswoman who is the co-founder and chief executive officer (CEO) of Lumi, a firm that produces packaging and other branded materials for ecommerce ventures.What happened to Eco 6 Lumi? ›
In January of 2021, it was integrated by the African Finance Regulatory Authority (AFRA) Commission as legal tender for continental Africa.How safe is Lumi? ›
Is it safe? Lume is safe to use thanks to an aluminum-free formula full of gentle, naturally-derived ingredients. It should be gentle on sensitive skin, although it's always a good idea to test products out on a small patch of your skin first.How much is 10 Lumi in usd? ›
The conversion value for 10 LUMI to 0.052 USD. BeInCrypto is currently using the following exchange rate 0.006. You can convert LUMI to other currencies like BNB, ADA or MATIC. We updated our exchange rates on 2023/01/07 00:24.How much is Lumi in usd? ›
The conversion value for 1 LUMI to 0.005 USD. BeInCrypto is currently using the following exchange rate 0.005. You can convert LUMI to other currencies like ETH, BNB or BTC. We updated our exchange rates on 2023/03/12 11:55.How do I get my Lumi money? ›
Go to CoinMarketCap and search for Lumi Credits. Tap on the button labeled “Market” near the price chart. In this view, you will see a complete list of places you can purchase Lumi Credits as well as the currencies you can use to obtain it.How many employees does Lumi have? ›
Lumi's NAICS: 56,561 How many employees does Lumi have? Lumi has 30 employees What industry does Lumi belong to?
When did Lumi come out? ›
The first release of lumi was on January 3, 2007 through the Bioconductor website.What is the purpose of Lumi? ›
LUMI serves as a platform for international research cooperation and for the development of artificial intelligence and quantum technology. Part of the resources of the computer will focus on industrial research and development activities.Is Lumi a good company? ›
Out of 46 Lumi employee reviews, 90% were positive. The remaining 10% were constructive reviews with the goal of helping Lumi improve their work culture. The Operations team, with 100% positive reviews, reports the best experience at Lumi compared to all other departments at the company.How big is Lumi? ›
LUMI's sustained computing power (HPL) is 375 petaflops which equals a theoretical computing power of more than 550 petaflops. LUMI's computing power is equivalent to the combined performance of 1.5 million of the latest laptop computers. These would form over 23-kilometer high tower.
Liked by Richard Taylor
On the 12th January 2023 we at Lumi…
|Code||None (AKL is proposed)|
ECO-6: Pick-N-Pay becomes South Africa's first grocery store to accept Lumi currency as a form of payment for its goods.How do I cash out my eco-6 Lumi? ›
The only official way to convert or withdraw lumi currency is to wait for the appropriate time as announced by the officials of the ECO-6.How long does Lumi last? ›
Place your LumiSpa device on the charging base and charge overnight. A full charge will last 7 to 10 days with normal usage.How long does it take to see results from Lumi? ›
Dermaren Lumi Eyes offers perfect results after just one session, however for optimum results, we recommend having a course of 3 treatments, 4 weeks apart.
How do I get rid of Lumi? ›
- Uninstall all Lumi \ IML programs and drivers from Programs and Features.
- Check all Services are no longer present in Local Services. ...
- Reboot - This completes the uninstall process and cleans up files.
- Delete old files - Not essential but stops overiding data and is a cleaner install.
Lumi Credits (LUMI) Cryptocurrency Market info
Our Ai cryptocurrency analyst implies that there will be a negative trend in the future and the LUMI are not a good investment for making money.
Lumi Wallet is a cryptocurrency wallet application that helps individuals utilize cryptography, private keys, and encryption to securely store crypto assets on a centralized platform. It enables users to buy, sell, and exchange multiple coins, such as Dogecoin, Bitcoin, Tether Ethereum, and more.What countries is Lumi wallet in? ›
Lumi Wallet, a cryptocurrency wallet, has added Apple Pay as a payments method for purchasing cryptocurrency. The service will be available for more than 60 countries including U.S., Canada, Germany, France, the U.K., Australia, Singapore, Brazil, Saudi Arabia and the United Arab Emirates, according to a press release.What currency does Swifin use? ›
Lumi is the Swifin Platform base currency and it is distributed in digital form only by the African Diaspora Central Bank. You may use Lumi to pay for goods and services from members willing and able to accept payment in Lumi for such goods and services without recourse to settlement in any other currency.What is Lumi grant? ›
The current value for 1 LUMI is US$15.96. An All African Stimulus for Health, Environment, and the Economy (« ASEE ») will be provided to all the. members of the Diaspora nations, territories and realms worldwide and the Kingdoms and territories of Africa. This Pan-African Stimulus.Is Lumi available on Amazon? ›
Lume Deodorant Wipes, Body and Underarm Cleansing Wipes, 15 Count (Pack of 3) FREE delivery on $25 shipped by Amazon. Only 18 left in stock - order soon.Where is Lumi Global headquarters? ›
Lumi is headquartered in Hampshire, UK, where central functions including finance, product development, and marketing are based, but has offices in 12 countries across Europe, APAC, The Middle East, Africa, and the Americas.What is better than the Lumi? ›
The best alternatives to Lumi are Shopify , CheeShip and Shippo.What are the LUMI Seven benefits? ›
Delivers seven skin benefits: softness, smoothness, radiance, clarity, purified skin, reduced pore appearance, and visibly improved skin density and volume.
What age is LUMI for? ›
The Lumi Nova App for children and their families
7-12 year olds (who require initial support but are not in crisis)
HOW OFTEN SHOULD I USE ageLOC LUMISPA? ageLOC LumiSpa is a twice-daily skin care system and should be used in your morning and evening skin care regimens. 9.How many times a week can I use LUMI? ›
Once a week, apply mask to dry, clean face. Massage into skin until fully absorbed.Who are Lumi global competitors? ›
- LoadProof. (56)4.8 out of 5.
- Enable Rebate Management. (40)4.4 out of 5.
- Sewio RTLS. (12)4.7 out of 5.
- RSView32. (6)3.8 out of 5.
- Applegate PRO. (5)4.5 out of 5.
- Lojistic. (5)4.7 out of 5.
- Oracle Global Trade Management. (4)4.0 out of 5.
- OEConnection (OEC) (3)4.7 out of 5.
Lumi Inc. operates as a packaging and supply chain platform for online brands. The Company helps brands source, manufacture, and manage packaging from quoting to delivery. Lumi serves customers in the State of California.Is Lumi available in South Africa? ›
Lumi computers, notebooks and / or peripheral sales are done by an authorised dealer in South Africa. The Lumi logo may be a trademark of Lumi.How does Lumi make money? ›
Lumi cofounders Jesse Genet and Stephan Ango. Lumi makes money exclusively through sales of its packaging products (such as boxes, custom tape, tissue and printed drawstring bags), while offering its project management software for manufacturers and brands (Lumi's customers) for free.What is the most successful product that has been on Shark Tank? ›
What Is the Most Successful Product on "Shark Tank"? With more than $225 million in lifetime sales, Bombas has generated the highest sales on "Shark Tank". The company, which sells comfort socks and T-shirts, donates one item per item sold to help the homeless.Is BoobyPack still in business? ›
The BoobyPack went out of business in 2016
"We sold $2,000 of product within the first two minutes of my pitch airing." Following this, Conrad explained how pleasing it was to receive the wealth of encouraging emails.
What do you like best about Lumi Wallet? It's a legit wallet, they won't scam you like Trust Wallet, but will charge you a lot of fees.
How do I cash out Lumi? ›
- Enter the amount of money you want to withdraw.
- Enter your email and check the inbox to verify it.
- Fill in card details and confirm Your ID.
- Wait for an email to confirm your withdrawal.
These Shark Tank Deals Failed Miserably
- Breathometer. Courtesy of Shark Tank. ...
- Toygaroo. ...
- HillBilly. ...
- ShowNo Towels. ...
- Coffee Meets Bagel. ...
- Chef Big Shake. ...
- Sweet Ballz. ...
- The Bouqs Company.
What percent of Shark Tank companies fail? Shark Tank's failure rate is around 6%, which is much lower than the estimated 70% business failure rate.What happened to BoobyPack Shark Tank? ›
The BoobyPack Shark Tank Update
Christina shut the business down in December, 2017. As of August, 2021, she is living in England with her husband and works as a freelance writer.
Lumio Shark Tank Update
Since airing, they added a Lumio Mini and the Teno Bluetooth speaker. As of January, 2023, they are still in business with $5 million in annual revenue.