Sliimey Honey Shark Tank Update (Season 14)

Sliimey Honey is a small slime business specializing in manufacturing unique design slime with pleasant scents. Their slime can vary in texture, sometimes being sticky, deflated, or hard.

To transform the slime from sticky to the desired consistency, a small amount of activator is added. This activator is made by mixing 1 cup of warm water with Borax until the desired consistency is achieved.

To create the slime, ingredients such as glue, borax, scents, and essential oils are combined. For those who prefer crunchy slime, additional elements like bubble pops are incorporated.

Sliimey Honey offers a variety of scents for their different types of slime, ensuring a delightful aroma. However, it’s important to note that this slime is not edible and should be kept away from children, pets, clothes, and furniture.

Sliimey Honey Shark Tank Update
Photo Credit: SliimeyHoney/Instagram

A single slime product from Sliimey Honey typically costs between $10 to $15 and is exclusively available on their company website. However, a variety of slime options can be found on Amazon as well.

Company NameSliimey Honey
FounderMark Lin
Founded2018
ProductSmall Slime Business
Asked For$150K for a 10% equity
Final Deal$150K for a 20% equity
SharkDaymond John Daymond John
Episode (Shark Tank USA)S14 E8
Air DateDec 2, 2022
Business StatusIn Business
WebsiteVisit Website
HeadquartersLos Angeles, California, US
Lifetime Worth (Sales)$3.5M *estimated
Buy and WatchBuy NowAmazon Prime

Another Shark Tank Pitch

How Was The Shark Tank Pitch Of Sliimey Honey?

Mark asked $150k from the sharks in exchange for a 10% share of his business. He sells more than 100 different types of slime on his online store. Mark makes these slimes in his garage at home, with his mother helping to pack them all night. He also employs 11 of his high school friends to help package and ship the products from Monday to Friday.

The lifetime sale of this company is $1.2 million and Mark has done this sale only at the age of 17. He gets a margin of 70% on each product. In 2020, he had sold $50,000 and made a profit of $13,000.

In 2021, he made $580,000 and his profit was $300,000. So far in 2022, his sales have been $540,000 and his profit in this is $300,000. In this business, all the accounting work is done by his mother as she is a certified accountant.

Daniel Lubetzky said that this Silme space is not his space, so that’s why he is out of it. Kevin O’Leary made an offer of $150K for a 30% equity.

Lori Greiner said the slime business is cute, but she doesn’t think she can get into the slime business, so she’s out. Mark Cuban said that this is a good business for you, but now taking investment is a mistake, so because of this he is out.

Daymond John also offered $150k for a 25% equity in this business. The entrepreneur countered $300k for a 25% equity. Daymond John said you’re saying $150k for a 12.5% ​​equity, he got out of it.

The entrepreneur countered another $200k for a 20% equity. Daymond said they’d stick to $150k because you asked for it first.

Mark Lin made another counteroffer of $150k for a 20% equity which both Kevin and Daymond said they would do but Mark Lin has to select it. Mark Lin selected Daymond.

Finalize: Daymond John Invest $150K in ‘Sliimey Honey’ for 20% equity.

Sliimey Honey Shark Tank Update

Within 8 days of the episode airing on December 9, 2022, all the products on the website (sliimeyhoney.com) were sold out, as revealed by Mark himself. They were restocked on January 21, 2023. After experiencing significant growth, the business moved to a new 3000-square-foot warehouse. As of September 2023, the lifetime sales of Slimey Honey have reached $3.5 million.

We’re following Mark Lin along with his company for further updates.

What Is the Net Worth of Sliimey Honey?

The estimated net worth of Sliimey Honey is $2 million. This data is based on the company’s lifetime sales and current valuation.

Annual Revenue by Years

Note: This report is based on our research and data so far. In this, we are only estimating the annual revenue.

YearsAnnual Revenue
2023$2.3M *estimated
2020-22$1.2M *estimated

Funding Reports to Date!

YearsFunding AmountInvestor
2022$150kDaymond John

Leave a Reply

Your email address will not be published. Required fields are marked *