Caroline Matthes is one of the founders of Poplight, an innovative entrepreneur who appeared on Shark Tank Season 15. Born on , , Caroline Matthes hails from Denver, United States. As in 2025, Caroline Matthes's age is N/A. Check below for more deets about Caroline Matthes. Learn more about Caroline Matthes facts, biography, age, birthday, trivia and more.
Caroline Matthes Profile:
| Stage Name | Caroline Matthes |
| Real Name | Caroline Matthes |
| Profession(s) | Entrepreneur, |
| Birthday | , |
| Zodiac Sign | |
| Age | N/A |
| Gender | Female |
| Birthplace | Denver, United States |
| Hometown | Denver, Colorado, United States |
| Nationality | American |
Caroline Matthes Family | |
| Father: | Not Available |
| Mother: | Not Available |
| Brother(s): | Not Available |
| Sister(s): | Not Available |
Family and Personal Life
- Caroline Matthes‘ father’s name is Not Available and Caroline Matthes‘ mother’s name is Not Available.
Caroline Matthes Trivia
- Caroline Matthes was born in Denver, United States.
- Caroline Matthes’s birth sign is .
- Entrepreneurial Duo: Caroline Matthes stands as one-half of the dynamic entrepreneurial duo behind Poplight, a groundbreaking venture in the lighting solutions industry.
- Shark Tank Spotlight: Caroline’s appearance on Shark Tank Season 15 with co-founder Rose Fierman highlighted her innovative thinking and business acumen.
- Pioneering Poplight: As a co-founder, Caroline played a pivotal role in the inception and development of Poplight, a revolutionary product simplifying lighting installation.
- Deal Details with Kevin O’Leary: The duo strikes a deal: $150,000 for 8% equity and a royalty of $2 per unit, which reduces to $1 per unit after $500,000 repayment.
- Poplight’s Post-Shark Tank Journey: The company prepares to ship orders in May 2024, with preorders available through their website.
- Invention of Poplight: Matthes and Fierman solve the problem of installing lights with their invention, a wall sconce that easily attaches to any wall.
- Tool-Free Installation: Poplight simplifies installation with stick strips and a built-in level, ensuring quick and damage-free setup.
- Flexibility and Removability: The base can be easily removed without damaging the wall, giving users more placement options.
- Smart Features: Lights are powered by a rechargeable USB battery and can be controlled by tapping or via an app, which also supports manual or app-controlled dimming.
- Prototype Stages on Shark Tank: At the time of their pitch, Poplight was in the prototype stage, displaying products from the initial tooling round.
- Pricing Strategy: Each unit sells for $95, with a $30 manufacturing cost, resulting in a healthy profit margin of approximately 68%.
- Charging Time and Battery Life: A 4-hour charge lasts 5-9 hours, and the light can be left plugged in for continuous power.
- Kickstarter Success: Poplight exceeds expectations with a Kickstarter campaign, raising over $170,000 in just four weeks and meeting their goal within 20 minutes of the campaign’s launch.
- Patent Protection: The founders have a design patent for Poplight and two pending patents covering the swiveling and popping mechanism, as well as the base tape.
- Inventory Challenges: Despite successful crowdfunding, Poplight is experiencing inventory issues and anticipates running out of the initial product run in about 4 months.
- Shark Tank Offers: Several Sharks are interested, with Kevin O’Leary sealing the deal with $150,000 for 8% equity and a unique royalty agreement.
- Negotiations and Counteroffers: The founders reject Barbara’s royalty offer, and their discussions with Kevin include a counterproposal for a modified royalty structure.
- Final Deal with Kevin O’Leary: Eventually, the founders accept Kevin O’Leary’s offer, marking a watershed moment in Poplight’s history.
FAQs
Who is Caroline Matthes?
Caroline Matthes is one of the founders of Poplight, an innovative entrepreneur who appeared on Shark Tank Season 15.
How Old is Caroline Matthes?
No information about her age.
What Agreement did Caroline Matthes Secure on Shark Tank?
Caroline Matthes secured a deal with Kevin O’Leary on Shark Tank: $150,000 for 8% equity and a $2 per unit royalty, later dropping to $1 per unit after repaying $500,000.
What Sets Poplight Apart?
Poplight distinguishes itself by being a tool-free, easily installable wall sconce, offering a solution to the challenges associated with traditional lighting setups.
When Can Customers Expect Orders from Poplight?
Poplight plans to commence shipping orders in May 2024, with preorders available on the Poplight website for customers eagerly awaiting their purchases.