Mini Materials Net Worth in 2024: On Shark Tank Season 15 Episode 6, Jared Waters talked about his cute little business. This business makes cute 2D materials for people who buy them.
Real things like wood, concrete, mortar, and other things are used to make it. Jared asked for $100,000 to put in his business in exchange for a 20% stake in it. But will Sharks put money into cute toys? Let’s find out.
Mini Materials Net Worth in 2024
In the world of miniatures, where the fun and the useful come together, Mini Materials has found a big spot for itself. Mini Materials is the biggest business in the world that makes miniature buildings. Their main goal is to provide educational tools that let kids learn by doing.
The company went on Shark Tank with its new owner, Jared Waters, but didn’t make a deal. Techie Gamers says that Mini Materials is worth about $500,000 right now.
Founders and How They Got Started
Jared grew up in the middle of nowhere in Idaho. It was time for him to go to Portland. He got a good job, got married, and had children.
He had always wished to start his own company. He thought it was careless for a business to not make any sales. He bought something that was already working.
The first pitch
Jared starts his pitch by introducing himself and making a claim. He asked for $100,000 for a 20% stake.
He talked about how the world needs smaller and cuter things now that it has dealt with big problems like the pandemic. Then he talked about his business, Mini Materials.
The company makes high-quality bricks, furniture, and other materials for 2D models that look like real things. You can get any kind of material. Jared ended his pitch with a smile. All of the Sharks were given samples.
Mini Materials Acquisition
Mini Materials started a new era when Jared Waters bought the company. Waters brought new energy to the business by moving it from Virginia Beach to Portland, Oregon.
He had been following Mini Materials’ journey for a while before he swooped in. The business continued to do well under his direction.
Using laser cutting, substrate printing, and 3D printing, he was able to come out with 30 new items in just six months. Waters kept Mat and Erik’s main customers, who are fingerboarders, model makers, dollhouse designers, diorama builders, STEM/STEAM teachers, and model train fans.
If you’re eager for more celebrity news and insights, check our previous posts, which provide detailed examinations.
After Shark Tank
Waters put a lot of money into the business, so going on Shark Tank is one way to get your money back quickly. They should have sold at least $50,000 worth of goods in a week after the episode ran in November 2023 because of all the buzz. Their website, MiniMaterials.com, is already getting a lot of visitors.
They have over 460 reviews, and all of them are 5 stars. The products they sell include unique cinder blocks, red bricks, and wood pallets that can be customized with a logo. That’s not all, though. The business also makes street signs, furniture, and other decorations that give any miniature project more life and reality.
Before Jared Waters bought the company, some people might have thought there wasn’t much of a market for smaller building supplies. In any case, TrepTalks.com said that Mini Materials was already making money, with a steady $20,000 a month. Min Materials is almost ready to enter a market worth millions of dollars.
They have a wide range of customers and not much competition, so the question isn’t whether they can win the market, but how big this small company can get.
Is Mini Materials still in business?
Mini Materials is still in business and thriving under the ownership of Jared Waters, who took over in 2022. The company, which specializes in realistic miniature building materials, has expanded its product range significantly and is headquartered in Portland, Oregon.
It utilizes high-quality materials like cement and wood to create its products, catering to hobbyists, educators, and professionals across various industries.
Since its founding in 2015, Mini Materials has evolved, leveraging modern manufacturing techniques such as 3D printing and laser cutting to enhance its offerings.
The company has seen substantial growth, reportedly achieving monthly sales of around $20,000 and maintaining a strong online presence.
After appearing on Shark Tank, Mini Materials experienced a surge in website traffic and sales, although it did not secure a deal with any investors during the show.
Conclusion
Waters went on Shark Tank to help people think of tinier, cuter things. His business, Mini Materials, makes both custom-made and pre-built building materials in a range of sizes.
He asked for $100,000 for a 20% stake. The Sharks didn’t like his pitch, but they weren’t interested in the business. It was just brought in, and HELOC was the main reason the Sahrsk quit. Because of this, Mini Materials has to leave without a deal.
Stay well-informed about celebrities’ net worth with the help of Wortholino.