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.
After Jared became the new owner of this business, he introduced many products like roofing materials, siding, flooring, and many more. Jared wanted to grow his business so he decided to go on Shark Tank Season 15 Episode 6.
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.
|Company Name||Mini Materials|
|Product||Mini Construction Supplies|
|Asked For||$100k for 20% equity|
|Final Deal||No Deals|
|Episode (Shark Tank USA)||S15 E6|
|Air Date||Nov 3, 2023|
|Business Status||In Business|
|Headquarters||Portland, Oregon, USA|
|Lifetime Worth (Sales)||$0.2M *estimated|
|Buy and Watch||Buy Now||Amazon Prime|
Another Shark Tank Pitch
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.
How Was The Shark Tank Pitch Of Mini Materials?
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.
Sharks Offers list!
|Robert Herjavec||No Offer|
|Kevin O’Leary||No Offer|
|Mark Cuban||No Offer|
|Daymond John||No Offer|
|Lori Greiner||No Offer|
|Final Deals||No Deals|
What Happened To Mini Materials After Shark Tank?
Mini Materials did not get a deal from Shark Tank, most sharks say it is a new product and not investable yet.
What’s new on Mini Materials
Last Update: November, 2023
Many users have shared their opinions about this product on social media, out of which most of the users say that it is a very interesting product.
Mini Materials Shark Tank Update
After entering Shark Tank, Jared gave a great pitch and explained his business model and scale scope to the Sharks. There was a lot of discussion about the company’s valuation, marketing, and feature plans.
What Is 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?
This business has been running for quite some time and there are many people who are showcasing their creativity by purchasing mini-construction products.
This product is very good for children, it increases their thinking power and can work on new ideas.
The headquarters of this company is in Portland, Oregon, United States, and 1+ people are working in it.
Yes, Mini Materials is still in business as of November 2023.
frequently asked questions
Who founded Mini Materials?
Mini Materials was founded by Mat Hofma and Erik Polumbo in 2015.
Did Mini Materials get a deal on Shark Tank?
Mini Materials didn’t get the deal on Shark Tank.