Foam Party Hats Net Worth Shark Tank Update 2025

Every party needs something that stands out. People want to have fun and make memories, but often, decorations and accessories are plain and repetitive. Most of the time, people go with the usual party hats, balloons, and banners that everyone has seen before. This can make parties feel dull or too predictable. The need for something different and fun is always there.

That is the exact problem that Manuel and Grace Rojas wanted to solve. Their idea was simple but very exciting: to bring laughter and joy to parties through colorful, creative, and oversized foam hats.

When Manuel and Grace appeared on Season 12 of Shark Tank, they introduced their business, Foam Party Hats, to the Sharks. They asked for $100,000 in exchange for 15% equity in their company. Their goal was to make every party more fun and unforgettable. They offered a deal to the Sharks to help grow their company. The episode was full of laughter, questions, advice, and a final deal that changed everything for the founders.

Foam Party Hats Net Worth Shark Tank Update 2025

Manuel and Grace were looking for an investment of $100k in exchange for 15% equity in the company. At the time of the episode, they valued their company at around $667k. Manuel and Grace successfully secured a deal with Mark and Lori for an investment of $100k for 25% equity in the company. The investment adjusted the company’s net worth to around $400k. After the show was aired, Foam Party Hats saw a big increase in website traffic, sales, and social media exposure. As per my rough estimate, the current net worth of Foam Party Hats is around $2.5 million.

Shark(s) name	Offer & Demand	Counteroffer	Accepted?
Daniel Lubetzky	1# $100,000 for 30% equity 2# $100,000 for 25% equity	N/A	No
Lori Greiner and Mark Cuban	$100,000 for 25% equity	N/A	Yes
Kevin O’Leary	Out	N/A	N/A
Robert Herjavec	Out	N/A	N/A
Mark Cuban	Partnership with Lori	N/A	N/A

Manuel and Grace Rojas Backstory + Their Initial Pitch 

Manuel and Grace Rojas are a father-daughter team who love to make people smile. The idea for Foam Party Hats started at a family wedding in Venezuela. Manuel noticed that guests were having a great time wearing funny hats. That moment stuck with him. He realized that people enjoy being silly and having a good laugh, especially during happy events like weddings and parties. After moving to the United States, Manuel and Grace decided to turn that idea into a real business.

They began creating large, colorful hats made out of foam. These hats were not just any hats—they came in the shape of animals, cartoon characters, food items, and more. The hats were comfortable to wear and made everyone at a party laugh. They started small, selling at local markets and online. In 2017, they only made $25,000 in sales. It was tough, but they didn’t give up.

By 2018, their sales tripled. In 2019, they made $145,000. Despite the challenges of the COVID-19 pandemic in 2020, they had already earned $153,000 in sales halfway through the year.

When they stepped into the Shark Tank, Manuel and Grace were full of energy. They gave each Shark a custom hat, which brought smiles and laughter to everyone. Their pitch was fun and clear. They asked for $100,000 in exchange for 15% equity in their company. They explained their growth, their product, and their vision for the future. Their goal was to increase production, reach more customers, and grow their business even faster.

Queries + Shark’s Responses, and Final Deal

The Sharks had many questions. Each one wanted to understand if Foam Party Hats was just a fun idea or a strong business that could grow and last.

Daniel Lubetzky was very interested. He loved the energy and creativity behind the product. However, he was concerned about commitment. He asked Manuel to quit his full-time job as a mechanical engineer. Daniel said he would offer $100,000 for 30% equity, but only if Manuel promised to work full-time on the business. That was a big ask.

Mark Cuban didn’t agree with that. He told Manuel that quitting his stable job might not be the best idea right away. Mark believed that Manuel could grow the business while still working and decide later when the time was right. Mark saw value in the product and the team.

Kevin O’Leary, Daymond John, and Robert Herjavec all decided not to invest. Kevin didn’t believe the product had a big enough market to be worth his time. Daymond and Robert thought it was too niche and didn’t see how it could scale.

Then something exciting happened. Mark Cuban teamed up with Lori Greiner to make an offer. Together, they offered $100,000 for 25% equity. They believed that the product had potential, especially with Lori’s knowledge of consumer products and Mark’s business experience. Manuel and Grace didn’t hesitate. They accepted the offer.

Product Availability

Foam Party Hats offers a wide selection of fun, oversized hats made from high-quality foam. Each hat is colorful, light, and designed to make people laugh. The designs include animals like dinosaurs and sharks, food items like pizza and hamburgers, and even holiday themes. There is something for everyone.

The hats are available for purchase on their official website, FoamPartyHats.com. The website is easy to use and allows customers to choose from ready-made designs or even order custom hats for special events like birthdays, weddings, and company parties.

Foam Party Hats is also selling on Amazon, which makes it easier for more people to find and buy their products. One of the biggest achievements for the company was getting their hats into Party City stores across the country. This was a major step in reaching more customers who are shopping for party supplies in person. The pricing is reasonable, and the product is fun, making it perfect for all kinds of celebrations.

What Happened To The Foam Party Hats After Shark Tank?

After Shark Tank, the business saw a major boost. Just being on the show helped increase their visibility. More people learned about their fun and colorful hats. After the episode aired, their lifetime sales grew from $385,000 to $1.9 million. That’s a huge jump in a short time.

The investment from Mark and Lori helped Manuel and Grace buy new equipment. This allowed them to make more hats faster and take on bigger orders. Before Shark Tank, making the hats by hand was slow. Now, with better machines, they could increase production and meet demand.

Another big win was getting their products into every Party City location. That means more people can find their hats in stores while shopping for party supplies. The company also continued selling online, both through their website and on Amazon. Their custom hats became popular for weddings, birthdays, holidays, and even corporate events.

As of today, Foam Party Hats is still in business and doing well. They have continued to grow their brand and offer even more creative designs. Manuel and Grace are still working hard to bring laughter and fun to every celebration. Their story is a great example of how a simple idea, backed by hard work and the right support, can become a successful business.

Conclusion 

Foam Party Hats entered Shark Tank with a mission to make parties more fun. Manuel and Grace Rojas turned a simple idea into a growing business. They faced challenges but never gave up. On the show, they impressed the Sharks with their energy, creativity, and steady growth. Even though not all Sharks believed in the product, Mark Cuban and Lori Greiner saw its potential. Their investment helped the business grow quickly.

Since Shark Tank, Foam Party Hats has increased its sales, improved production, and reached more customers. The company’s products are now available online and in Party City stores across the country. They have proven that laughter and creativity can be powerful business tools.

Their journey shows that even a fun idea can turn into something big with hard work and the right partners. Foam Party Hats continues to grow and bring smiles to parties everywhere. Their future looks bright, and their story is far from over.