What Happened To Mini Materials After Shark Tank?
Mini Materials After Shark Tank Update: Mini Materials is a mini construction supplies business and this business was bought by Jared Waters in 2022 from Mat Hofma and Erik Polumbo. This business sells most of the small-sized construction products, through which creators can use their creativity to make many realistic things.
With these small construction products, we can make anything and keep it on the desk or give it to someone as a gift. When Mat and Erik started this business, they only sold mini cinder blocks and pellets.
What Is Mini Materials?
Mini Materials is a business that sells mini construction supplies. They have small-size construction materials for building, concrete, flooring, roofing, outdoor, etc. Using all these small size materials, you can make anything like a small table, house, wall, and many more.
They have some free miniature blueprints that will help you a lot in making your structure. You can buy sand prints of different designs. Apart from all this, they also sell custom-printed wood pallets & crates, cinder blocks, and red blocks.
Who Is The Founder Of Mini Materials?
The current owner of the Mini Materials Business is Jared Waters. Jared has experience in various fields including Climbing Wall Supervisor, Wildland Firefighter, Front Desk Agent, Customer Service Specialist, and more.
He has been a customer service representative at Netflix for 2 years. He has worked in different job positions in Business Valuation Resources, LLC for 1 year.
Mini Materials Shark Tank Update
| Company Name | Mini Materials | |
| Founder | Jared Waters | |
| Founded | 2022 | |
| Product | Mini Construction Supplies | |
| Asked For | $100k for 20% equity | |
| Final Deal | No Deal | |
| Shark | No Sharks | |
| Episode (Shark Tank USA) | S15 E6 | |
| Air Date | Nov 3, 2023 | |
| Business Status | In Business | |
| Mini Materials Net Worth | $200k *estimated | |
| Headquarters | Portland, Oregon, USA | |
| Mini Materials Instagram | View Profile | |
| GO TO AMAZON | Buy Now | |
Also Read This: What Happened To Wellingtons After Shark Tank?
Mini Materials on Shark tank Pitch
After appearing on the Shark Tank, Jared Waters asked the Sharks for $100k for 20% equity at a $500k valuation. He explained to the sharks about small-size construction materials.
This product went viral on the online forum Reddit and generated a lot of sales. In 2022, Jared bought this business from Mat Hofma and Erik Polumbo by paying $200k.
Jared will hit $200,000 in sales by 2022. He needs sharks to market the product. He made a profit of $55,000 from these sales. All the sharks refused to invest in this business.
Mini Materials Net Worth
Mini Materials’ net worth is estimated at $0.2 million. This business has been running since 2015, however after being acquired by Jared in 2022, many Mini Constructor products were made. Nowadays, there are many businesses that manufacture and supply small construction materials using 3D printing.
Is Mini Materials Still In Business?
Yes, Mini Materials is still in business as of November 2023.
This business has been running for quite some time and there are many people who are showcasing their creativity by purchasing mini-construction products.
The headquarters of this company is in Portland, Oregon, United States, and 1+ people are working in it.
FAQs
Mini Materials was founded by Mat Hofma and Erik Polumbo in 2015.
Mini Materials’ net worth is estimated at $0.2 million.
Yes, Mini Materials is still in business as of November 2023.
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