Chrissie Lam’s LinkedIn shows Love Is Project has made over 2,000 jobs in 10 countries. They’ve earned more than $10 million since 2017. The Love Is Project now offers necklaces, bags, charms, and face masks. They also have a big following on social media, with over 30,000 Instagram followers and 54,000 on Facebook.
Even without a Shark Tank deal, Chrissie Lam has kept the business growing. She’s shown the Sharks they were wrong to doubt her.
Key Takeaways
- Love Is Project has created over 2,000 jobs globally since 2017, generating $10+ million in revenue.
- The company has expanded its product line and built a strong social media presence with 30,000+ Instagram and 54,000+ Facebook followers.
- Despite not securing a Shark Tank deal, Love Is Project’s founder Chrissie Lam has continued to grow the business and prove the Sharks wrong.
- Love Is Project’s focus on empowering female artisans in developing countries through fair wages, healthcare, and education has contributed to its success.
- The company’s emphasis on social enterprise over charity, along with its sustainable and ethical supply chain, has resonated with consumers.
Love Is Project: Empowering Women Worldwide Through Beadwork
Love Is Project is a social enterprise started by Chrissie Lam. It aims to give women in poor areas jobs. Lam was inspired by her visit to Ngong, Kenya, where she saw the vibrant Maasai beadwork. She made a bracelet with “LOVE” in Maasai beads, starting the Love Is Project.
Chrissie Lam’s “Aha!” Moment and the Birth of Love Is Project
Lam had an epiphany in Kenya. She saw how beadwork could help local women and create jobs. This idea led to the Love Is Project, aiming to sell these artisans’ work worldwide.
Love Is Project’s Mission: Creating Jobs for Women in Underdeveloped Communities
The Love Is Project focuses on giving women jobs in poor areas. They sell bracelets and accessories made by Maasai Mums and other crafts. Since 2017, they’ve made over $10 million, helping over 2,000 women in 10 countries.
“Our mission is to create economic opportunities for women in underdeveloped communities through the sale of handmade bracelets and accessories. We believe in the power of love and the transformative impact it can have on individuals and communities.”
–Chrissie Lam, Founder of Love Is Project
| Key Metrics | Data |
|---|---|
| Jobs Created | Over 2,000 jobs for women across 10 countries |
| Revenue Generated | Over $10 million since 2017 |
| Social Media Following | 30,000+ followers on Instagram, 54,000+ on Facebook |
Love Is Project’s Shark Tank Appearance and Pitch
Chrissie Lam and her mom, Gladys Lam, appeared on Season 12 of Shark Tank. They pitched Love Is Project, a social enterprise. They asked for a $250,000 investment for a 5% stake, showing off their business’s growth and potential.
The Lam Family’s $250,000 Investment Ask
Chrissie and Gladys Lam made a strong case for their Love Is Project Shark Tank pitch. They talked about empowering women in poor areas with jobs through beaded accessories. Their Love Is Project investment ask of $250,000 for 5% equity showed their belief in the business’s future.
Impressive Sales Numbers but Mounting Debt
The Sharks were amazed by the Love Is Project sales of $4 million. But, the company had Love Is Project debt of $582,000, mainly from Facebook ads. This made the Sharks think hard about the risks and rewards of investing in Love Is Project Shark Tank.
“We’re not just selling jewelry; we’re selling a story, a movement, a purpose. And that’s what’s resonating with our customers.”
– Chrissie Lam, Founder of Love Is Project
The Sharks’ Response: No Deal for Love Is Project
Chrissie Lam, the founder of Love Is Project, showed impressive sales numbers. But the Sharks had doubts about the company’s cash flow and debt. Mark Cuban, Kevin O’Leary, Lori Greiner, Barbara Corcoran, and guest Shark Alex Rodriguez decided not to invest.
The Sharks saw the value in Love Is Project’s mission to empower women. Yet, they felt the company’s financial issues were too big to ignore. Chrissie Lam left Shark Tank without a deal, but her resolve to prove them wrong grew.
“The Sharks saw the potential in Love Is Project, but they couldn’t get past the financial hurdles. Chrissie knew she had to find another way to take the company to the next level.”
The Love Is Project Shark Tank deal didn’t work out. Chrissie Lam and her team had to find new ways to grow. The Love Is Project Sharks’ response showed how crucial financial stability is for social enterprises looking for investment.
| Shark | Net Worth | Investment History |
|---|---|---|
| Mark Cuban | $4.5 billion | Invested in over 100 companies on Shark Tank |
| Kevin O’Leary | $400 million | Known as “Mr. Wonderful” for his tough negotiating style |
| Lori Greiner | $150 million | Nicknamed the “Queen of QVC” for her successful product inventions |
| Barbara Corcoran | $100 million | Founded a successful real estate company in New York City |
| Alex Rodriguez | $350 million | Retired MLB player and successful entrepreneur |
Love Is Project net worth after Shark Tank
Chrissie Lam of the Love Is Project didn’t get a deal on Shark Tank. But she was determined to grow the company. She wrote in a blog post that she was disappointed but wouldn’t let it stop her.
Chrissie was ready to do anything to keep expanding the business. She didn’t need the Sharks’ money to keep going.
Chrissie Lam’s Determination to Prove the Sharks Wrong
The Love Is Project started in January 2017. It had already created over 2,000 jobs for women in 10 countries. Before Shark Tank, they made $1 million but lost almost $80,000 on Facebook ads.
With a debt of $582,000 and the Sharks saying no, Chrissie didn’t give up. She was determined to show them she could succeed. Today, the Love Is Project is worth about $5.5 million.
“I was disappointed, but I never let a ‘no’ slow me down. I was determined to prove the Sharks wrong and continue to grow Love Is Project.”
Chrissie’s hard work paid off. The Love Is Project made $4 million and sold to over 350 retailers in 44 states and 22 countries. Their handmade bracelets, priced between $18 and $30, are loved worldwide.
Scaling Love Is Project’s Global Supply Chain
Since appearing on Shark Tank, Love Is Project has grown a lot. Chrissie Lam, the founder, said they had already spent thousands on a strong global supply chain. Now, they’re ready to grow even more.
Lam knew they needed a lot of money to do this. Even without a deal on Shark Tank, she was able to invest in making Love Is Project an international brand. The show’s publicity helped a lot, with sales going up and famous people and brands wanting to work with them.
After Shark Tank, Love Is Project teamed up with The White Feather Foundation in Kenya, Colombia, and Indonesia. They also partnered with Lovepop Cards, another Shark Tank success story. This helped them reach more people.
| Metric | Value |
|---|---|
| Sales Growth | Skyrocketed since Shark Tank episode |
| Ownership Structure | Founder Chrissie Lam retains 100% ownership |
| Business Model | For-profit social enterprise |
| Potential Impact | Additional funds could create new job opportunities worldwide |
Lam’s drive to show the Sharks they were wrong has fueled the company’s growth. She wants to inspire others, especially minority and female business owners, with her story. She believes in the power of following your dreams and starting your own business.
Love Is Project’s Continued Growth and Impact
Love Is Project, founded by Chrissie Lam, has seen amazing growth since Shark Tank. The company has created over 2,000 jobs in 10 countries since 2017. It has made over $10 million in revenue.
Creating Over 2000 Jobs Across 10 Countries
Love Is Project has empowered women in underdeveloped communities. It offers sustainable jobs through beadwork products. This has positively changed the lives of thousands of artisans worldwide.
Expanding Product Line and Social Media Presence
The company has also grown its product line. Now, it offers necklaces, bags, charms, and face masks. Its social media has exploded, with over 30,000 Instagram followers and 54,000 on Facebook.
Chrissie Lam’s commitment to empowering women drives Love Is Project’s success. The company’s ability to grow its products and social media presence has been crucial. This has helped it make a bigger impact.
Chrissie Lam’s Future Plans for Love Is Project
Chrissie Lam is working on exciting plans for Love Is Project. She aims to launch a Kickstarter campaign for a photo book. This book will feature the stories and art of the female artisans they’ve worked with for five years.
The photo book will share Love Is Project’s mission. It will show how fair trade beadwork and crafts empower women worldwide. It will connect buyers with the stories of the artisans behind their purchases.
The Kickstarter Campaign for a Love Is Project Photo Book
The Kickstarter campaign will let fans and new supporters join the project. Backers can pre-order the book and get special rewards. They’ll also help create jobs and opportunities for women in need.
After their success on Shark Tank in 2021, Chrissie Lam wants to grow Love Is Project’s impact. The photo book campaign is part of their plans. It aims to highlight the amazing women they support.
Love Is Project’s Collaborations and Partnerships
Since appearing on Shark Tank, Love Is Project has grown through smart partnerships. They work with others to help women worldwide through beadwork. They also create jobs in poor areas.
The White Feather Foundation x Love Is Project Collection
Love Is Project teamed up with The White Feather Foundation, led by Julian Lennon. They made a special collection of jewelry and accessories from Kenya, Colombia, and Indonesia. This partnership highlighted the talented women behind Love Is Project. It also helped The White Feather Foundation protect the environment and support indigenous communities.
Love Is Project x Lovepop Cards: A Shark Tank Alumni Collaboration
Love Is Project teamed up with Lovepop Cards, another Shark Tank success story. They created a Mother’s Day collection together. This mix of Love Is Project’s love for meaningful moments and Lovepop’s pop-up cards brought joy and love through unique gifts.
These partnerships have helped Love Is Project grow. They show the brand’s commitment to empowering women and supporting local communities. As it expands, Love Is Project remains dedicated to making the world a better place.
Conclusion
I Love Chamoy has grown a lot even without a deal on Shark Tank. Annie Leal’s hard work and love for delicious, sugar-free treats have won many fans. The company now has a big following, more products, and partnerships with big retailers in Texas.
This success shows that you can do well without Shark Tank money. As long as you stay true to your mission and keep innovating. By 2024, I Love Chamoy’s worth is $3 million. In 2023, they made $4 million in sales and $1.5 million in profits.
The company is set to grow even more. They’re making new products and reaching more people. Their focus on quality, customer happiness, and doing good will keep them at the top of the snack food world.