Entrepreneur Jared Waters pitched his miniatures business on Shark Tank during Season 15.
Mini Materials specializes in crafting miniature items designed for building dollhouses, dioramas, and 2-scale recreations. From construction supplies to furniture and beyond, if you can dream it, Mini Materials probably makes it.
Did Mini Materials get a deal on Shark Tank?
Find out all the details in our in-depth analysis on Mini Materials shark tank update and pitch recap…
If you’re short on time, here’s a quick overview of what happened to Mini Materials after Shark Tank:
Quick Summary
Jared Waters featured on Season 15 of Shark Tank but left without securing a deal. As for the latest Mini Materials Shark Tank update, the company’s sales saw a significant boost following their appearance on the show. Additionally, their website offers a lot, including a blog filled with creative building ideas!
Table of Contents
Mini Materials On Shark Tank
| Shark | Result |
| Robert Herjavec | No Offer |
| Kevin O’Leary | No Offer |
| Mark Cuban | No Offer |
| Daymond John | No Offer |
| Lori Greiner | No Offer |
Mini Materials Shark Tank Deal
- Business: Miniatures for dollhouses, dioramas, and 2-scale recreations
- Entrepreneur: Jared Waters
- Asked For: $100,000 for 20% equity
- Shark Tank Deal: No Deal
- Shark: None
Mini Materials Company Information
What Is Mini Materials?
Mini Materials is a company dedicated to creating realistic, high-quality miniature building materials.
Whether you’re constructing a dollhouse, crafting dioramas, or building to-scale recreations, Mini Materials has you covered. Their extensive range includes everything from miniature bricks and cinder blocks to wooden pallets and furniture.
The company’s mission is to bring joy and inspiration to a growing community of miniature artists, hobbyists, and enthusiasts. Jared Waters emphasizes that these miniatures are not the typical dollhouse supplies of yesteryear.
Instead, they cater to a new generation of creatives exploring miniature art as a form of expression and craftsmanship.
Mini Materials Founders:
Mini Materials Shark Tank Pitch Recap
Jared Waters, the owner of Mini Materials, entered the Shark Tank with a unique product offering — miniature construction materials designed for creating dollhouses, dioramas, and 2-scale recreations.
His pitch captivated the Sharks, not just because of the novelty of his business but also due to the precision and craftsmanship behind his products.
Let’s dive into the Mini Materials Shark Tank pitch and negotiations, focusing on the questions, comments, and decisions of each Shark…
Shark Tank Mini Materials Pitch
Jared began his pitch by clarifying that Mini Materials was not about traditional dollhouses. Instead, his miniatures catered to a new wave of artists and hobbyists who use miniature materials for innovative and artistic creations.
The miniatures are made using real, high-quality materials like wood and concrete, crafted with precision using innovative techniques. Jared proudly highlighted that everything is manufactured in the United States.
From miniature building supplies to furniture, Mini Materials offers a wide variety of products to bring any miniature vision to life.
Kevin O’Leary: “Why Would Anyone Need This?”
The Sharks were intrigued by the product samples Jared showcased, with Kevin O’Leary even admitting that the miniatures “spark joy.”
However, he couldn’t resist asking the classic question: “Why would anyone need this?” Jared’s response was simple but effective: “People need joy.”
This explanation resonated with the Sharks, who appreciated the emotional appeal of the business, despite some doubts about its scalability.
Mini Materials Financial Data: Sales, Margins, and Costs
Jared laid out his financials, emphasizing the potential profitability of his niche business:
- Purchase Price: Jared bought Mini Materials for $200,000 from one of the co-founders of a popular sub-Reddit.
- Funding Source: He financed the purchase with a loan secured against his home.
- Sales Figures: Within the first year of ownership, Mini Materials generated $200,000 in sales.
- Profit Margins: Margins range from 50% to 93% on individual products.
To illustrate the profitability of his products, Jared cited an example:
- A miniature wooden pallet with miniature concrete blocks costs him $4 to produce but retails for $20, yielding a 400% markup.
Sharks’ Queries and Reactions on Mini Materials Shark Tank Pitch
Daymond John: The Demographics Question
Daymond John was curious about the target demographic and asked Jared about the average age of his customers. Jared admitted that he didn’t have this information, which raised concerns about his understanding of his market.
Citing this uncertainty, Daymond decided to bow out, stating that he needed clearer answers before considering an investment.
Robert Herjavec: Jared’s Entrepreneurial Journey
Robert shifted the focus to Jared’s personal story. Jared shared that he grew up in rural Idaho, balancing responsibilities as a husband and father.
Always aspiring to be a business owner, he chose to buy an established company instead of starting from scratch.
Jared pays himself a modest $55,000 annually and runs the business full-time.
While Robert commended Jared’s work ethic, he expressed doubts about the business’s scalability, saying, “I can see you growing this to $2–$3 million on your own, but I don’t see a path for me as an investor.” With that, Robert also opted out.
Lori Greiner: Adorable, But Not Investable
Lori admired the creativity behind the business and even called the miniatures “adorable.” However, she admitted that the product didn’t align with her areas of interest and decided to step away from the deal.
Kevin O’Leary: Too Small to Scale
Kevin acknowledged the uniqueness of Mini Materials, admitting he hadn’t seen anything like it in his 15 years on Shark Tank. However, he deemed the business “too small to scale” and unfit for a major investment.
Thus, he exited negotiations, leaving Jared without an offer from “Mr. Wonderful.”
Mark Cuban: The Long Road Ahead
Mark Cuban commended Jared’s entrepreneurial spirit but voiced concerns about the time and effort required to scale the business. He predicted it would take “years and years” for Mini Materials to reach significant profitability.
Unwilling to commit to such a long-term project, Mark also decided to decline an offer.
Mini Materials Shark Tank Deal
Despite Jared’s engaging pitch and the evident appeal of his products, none of the Sharks made an offer. Their primary concerns revolved around the niche market, uncertain scalability, and long-term commitment required to grow the business.
Jared left Shark Tank without a deal but with valuable advice and exposure that could propel Mini Materials forward.
In the words of Robert Herjavec: “You can grow this to $2–$3 million on your own.” The Sharks recognized Jared’s potential to achieve success independently, even if they didn’t see a fit for themselves as investors.
The Mini Materials Shark Tank pitch may not have secured an investment, but it showcased Jared’s dedication, innovation, and entrepreneurial grit. The exposure from the show introduced his unique products to a broader audience, setting the stage for future growth.
What happened to Mini Materials following Shark Tank? Keep reading our Mini Materials Update to find out!
Mini Materials Shark Tank Update
So, what happened to Mini Materials after Shark Tank?
In terms of the latest Mini Materials Shark Tank Update: Although Jared didn’t land an investment on Shark Tank, the exposure proved to be a significant boost for Mini Materials.
Since the episode aired, the company has experienced increased sales and a growing customer base among hobbyists and miniature enthusiasts.
Post-Shark Tank Growth
- Sales Surge: The show served as a nationwide advertisement, driving traffic to the Mini Materials website and boosting revenue.
- Expanded Offerings: Mini Materials now offers custom printing on select building supplies, allowing customers to personalize their projects.
- Content Creation: The company has developed a blog featuring tutorials and ideas, catering to the miniature community with inspiring projects.
The Miniature Trend
As the popularity of miniatures grows, Mini Materials is well-positioned to capitalize on this trend. From social media platforms showcasing miniature art to the rise of DIY culture, the market for realistic miniatures is expanding rapidly.
Mini Materials Shark Tank Net Worth
As of its appearance on Shark Tank, Mini Materials reported annual sales of $200,000, with profit margins ranging between 50% and 93% on individual products.
The business, which Jared Waters purchased for $200,000, has managed to sustain profitability under his ownership, allowing him to draw an annual salary of $55,000.
Despite not securing a deal on the show, the company’s potential lies in its niche appeal and high product quality, making it a promising venture for continued growth.
While none of the Sharks invested, Robert Herjavec predicted that Mini Materials could reach revenues of $2–$3 million independently. This estimate suggests that with proper marketing and operational scaling, the company’s net worth could significantly increase in the coming years, especially as Jared leverages the exposure from Shark Tank to reach a broader audience.
Did Mini Materials Get A Deal On Shark Tank?
Unfortunately, Mini Materials did not secure a deal on Shark Tank.
While the Sharks were impressed by the creativity and craftsmanship behind Jared Waters’ miniature products, they raised concerns about the business’s scalability and niche market appeal.
Despite praising Jared’s entrepreneurial journey and profitability, all five Sharks ultimately decided to pass on the opportunity to invest.
The Sharks believed that Mini Materials, while charming and profitable on a small scale, lacked the potential for significant growth that they typically seek in a business.
Jared left the Tank without an offer but with valuable exposure and encouragement to grow his business independently.
What Makes Mini Materials Unique?
Mini Materials stands out for its commitment to authenticity and craftsmanship. Unlike plastic replicas, their miniatures are made from real materials like wood and concrete, offering unparalleled realism.
- Target Audience: The products appeal to a wide range of customers, including artists, hobbyists, and collectors.
- Made in the USA: By producing its miniatures locally, Mini Materials ensures high-quality standards while supporting American manufacturing.
- Innovative Designs: From miniature construction tools to furniture, the company continues to expand its product range to meet customer demands.
Mini Materials Reviews
Mini Materials has garnered positive feedback from customers who appreciate the quality and creativity of its products. Hobbyists have praised the company for bringing realism and joy to their projects, while the custom printing feature has added a personalized touch to their creations.
The company’s commitment to community engagement, through its blog and social media channels, has further strengthened its brand presence.
Where To Buy Mini Materials?
Mini Materials offers its high-quality, realistic miniature building supplies through its official website, MiniMaterials.com. The website features an extensive range of products, from miniature cinder blocks and wooden pallets to tiny bricks and furniture.
Customers can browse and purchase directly, with options for single items or bundled sets to bring creative projects to life.
Additionally, Mini Materials products are available on major e-commerce platforms like Amazon, making it easy for customers to shop conveniently. Whether you’re an artist, hobbyist, or just looking for a unique gift, Mini Materials provides a seamless shopping experience with nationwide shipping.
Future of Mini Materials: Mini Materials After Shark Tank
Jared Waters remains optimistic about the future of Mini Materials. With a growing community of miniature enthusiasts and an expanding product line, the company is poised for long-term success.
Potential Growth Areas
- Collaborations: Partnering with brands or influencers in the DIY and arts space.
- Product Expansion: Introducing new miniature items to cater to niche markets.
- Retail Presence: Exploring partnerships with craft stores to reach a broader audience.
While scaling the business may take time, Jared’s dedication and strategic efforts could lead Mini Materials to become a household name in the miniature world.
FAQs On Mini Materials Shark Tank Update Today
Who Owns Mini Materials?
Mini Materials is owned by Jared Waters, who purchased the business from one of its co-founders for $200,000. Jared, a husband and father from rural Idaho, runs the business full-time and has a passion for delivering joy through realistic miniature building supplies.
How Much Is The Company Mini Materials Worth?
As of Jared Waters’ Shark Tank appearance, Mini Materials had generated $200,000 in annual sales and maintained profit margins ranging from 50% to 93%. While no exact valuation was provided, Jared purchased the company for $200,000 a year prior, reflecting its worth at the time of acquisition.
Did Mini Materials Get A Deal On Shark Tank?
No, Mini Materials did not get a deal on Shark Tank. Despite impressing the sharks with the creativity and quality of the miniature products, they felt the business was too niche and small-scale to invest in. Jared Waters left the tank without an offer but gained valuable exposure for his brand.
Is Mini Materials Still In Business?
Yes, Mini Materials is still in business. Following its appearance on Shark Tank, the company experienced a boost in sales and continues to grow, catering to the rising popularity of miniature art. Customers can purchase its products online through its official website and other platforms.
What Happened To Mini Materials After Shark Tank?
After appearing on Shark Tank, Mini Materials saw a boost in sales and gained increased visibility within the miniature hobbyist community. Although Jared Waters did not secure a deal with the Sharks, the exposure helped the business grow, and it continues to thrive, offering a wide range of miniature products through its website and platforms like Amazon.
Conclusion: Mini Materials After Shark Tank
Mini Materials may not have secured a deal on Shark Tank, but its journey highlights the power of perseverance and passion.
Jared Waters’ vision for bringing joy through miniatures has resonated with a dedicated community of creatives, ensuring the company’s continued growth.
This Mini Materials Shark Tank update demonstrates that even without Shark backing, innovative products and a clear market focus can lead to success.
If you’re a fan of miniature art or DIY projects, Mini Materials is a brand worth exploring.
Stay tuned for future Tik Pik Shark Tank update as the company continues to grow and expand its reach.
In the meantime, you can check out more Company Updates on Shark Tank Season 15 Episode 6 by clicking on the links below:
- Supermix Studio After Shark Tank Update
- Krapp Strapp After Shark Tank Update
- TIK PIK After Shark Tank Update
Before you go, make sure to visit our Season 15 Company Updates Page, All Company Updates Page and Shark Tank All Products Page for more information on various companies and products featured in the Show.
At the same time, you can FOLLOW our blog to get the latest updates on businesses featured in Shark Tank Show. And, if you have any questions, you can send us message at your convenience.
Lastly, you can check out more Company Updates for the businesses featured in Shark Tank Season 14 by visiting our Season 14 Company Updates Page.
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