Brian Lim created EmazingLights in 2010 to bring LED gloves to the rave scene. He secured a $625,000 deal on Shark Tank, which helped the company grow rapidly.
However, despite its success, gloving was banned at major festivals, and the pandemic further hurt the business. Therefore, in January 2023, EmazingLights was forced to shut down.
This article explains how the company rose to prominence and what led to its closure, while also looking at what fans can expect from its sister brand, iHeartRaves
Emazing Lights Net Worth
| Estimated Net worth | $20 million (2022) |
| Annual Sales Revenue | $880,000 (2022) |
| Investor | Daymond John and Mark Cuban |
| Founder | Brian Lim |
Emazing Lights Pitch on Shark Tank
| Company name | Emazing Lights |
| Product | Colorful LED lit gloves for parties, festivals and raves |
| Episode | Season 6 Episode 23 |
| Founder | Brian Lim |
| Asked for | $625,000 for 5% Equity |
| Final deal | $625,000 for 5% Equity |
| Sharks | Daymond John and Mark Cuban |
| Location | Anaheim, California |
EmazingLights Founder
EmazingLights was founded by Brian Lim in 2010. Lim was a pioneer in the art of “gloving,” giving a light show using light up gloves at raves and other electronic dance music venues. He started the business in 2010 with $100. And made it his mission to give light shows at raves with his LED gloves. The networth of Emazinglights founder, Brian Lim, is unknown as of 2024.
Key accomplishments
| Year | Accomplishment |
| 2015 | Appeared on Shark Tank season 6 and Daymond John and Mark Cuban invested $625,000 for 5% Equity |
| 2019 | EmazingLights expanded its product line to include LED glasses and LED jewelry. |
| 2022 | EmazingLights began to recover from the pandemic, but the gloving ban at major festivals remained a challenge. |
Conclusion
Some companies that appear on the show have not achieved great success, and the Emazing Lights was one of them. Sometimes businesses don’t succeed because of many reasons. Sometimes, the deal falls through after the founders say yes on camera. Or, as you’ll see, sometimes things happen to the founders themselves, and they choose to abandon the business. Anything is possible. However, Emazing Lights went out of business in 2023. And the product is no longer available in the market.