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What Happend to Mini Materials After Shark Tank?

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Step into the world of Mini Materials, where tiny creations bring big dreams to life. From dollhouses to intricate dioramas and 2-scale recreations, our miniatures open doors to endless possibilities.

Whether you’re seeking building supplies, exquisite furniture, or any other miniature marvel, Mini Materials is your ultimate destination. Let your imagination run wild, because if you can dream it, we can craft it into reality.

Mini Materials is a distributor of small building supplies. They have small-sized building supplies including asphalt, tile, roofing, siding, and so forth.

These little materials can be used to make any kind of project, including walls, tables, and houses, among many other things. These little construction tools allow us to create anything, which we can then display on our desks or give as gifts.

They offer some free tiny plans that will be very beneficial to you while you construct your building. Different-patterned sand prints are available for purchase. In addition, they provide red bricks, cinder blocks, and custom-printed wood pallets and crates.

Mini Materials at a Glance:-

IdeaMiniatures for dollhouses, dioramas, and 2-scale recreations
FoundersJared Waters
Asked For$100,000 for 20% equity
Accepted DealNo deal
SharksNo shark
Business statusIn Business
Episode No.Season 15
Buy on AmazonBuy Now!

Index:

Founder Story:

Mini Materials was established in 2015 by Mat Hofma and Erik Polumbo with the intention of offering cutting-edge building materials in tiny sizes.

Their business started off focusing on producing small pallets and cinder blocks, which set the foundation for their incredible success. Their dedication to sincerity was what truly set them apart.

They employed actual building materials instead of conventional ones like plastic or paper, giving miniature enthusiasts an unparalleled degree of realism. By using this tactic, Mini Materials’ products were able to reach customers who weren’t just interested in hobbies and creative businesses.

They developed into interesting group activities for a range of audiences, adaptable ornamental items, and practical instructional tools that are now a market-wide and captivating addition.

Mini Materials saw a significant upturn in operations when Jared Waters assumed the role of CEO in 2022. He holds a degree in political science and public policy from Boise State University. He joined Business Valuation Resources, LLC ten years ago as an account executive and rose to the position of training director. Prior to 2011, he worked as a customer service representative at Netflix, which contributed to the development of his customer-focused mindset.

Waters saw the potential for expansion and variety, and he didn’t take long to launch a wide range of imaginative products made wholly in the US.

With the addition of tiny replicas of red bricks, concrete blocks, and lumber to its product lineup, Mini Materials set itself apart from competitors by employing genuine materials like wood, cement, and nails throughout production.

They created incredibly precise miniature replicas of traffic signs, train barriers, and even small furniture, taking accuracy to a whole new level. With these upgrades, customers can create whole microcosms and bring their small-scale artistic fantasies to life.

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Mini Materials has embraced cutting-edge technologies to bolster its operations and service a wider customer base since moving its headquarters to Portland, Oregon.

The company has used on-demand production processes, such as 3D printing, laser cutting, and substrate printing, to meet the increasing demand for its distinctive products.

Under Waters’ astute direction, Mini Materials’ product line expanded dramatically, adding more than thirty additional alternatives to the catalog. This approach places the company as a leader in the market for small construction materials while also showcasing its dedication to innovation.

Did Mini Materials get a deal on Shark Tank?

Jared Waters requested $100,000 for 20% stock at a $500k valuation following his appearance on Shark Tank. He discussed small-scale construction materials with the sharks.

Even though they were unable to close a deal with the Sharks, the show’s publicity helped their business in the long run, as evidenced by an increase in orders and new product ideas after they appeared.

What Happened To Mini Materials After Shark Tank?

Shark Tank did not offer Mini Materials a contract since, in their opinion, it is still a new product and not yet ready for investment.

On their website, Mini Materials states that they are currently “the world’s leader in manufacturing and selling the most realistic miniature building supplies available.” The extensive product line of the company is thoughtfully separated into categories, including flooring, furniture, and outdoor living.

Consumers can investigate a range of materials in various categories, such as masonry, concrete, and lumber, enabling them to model construction projects in real life on a smaller size. Mini Materials is a multi-scale company that offers a range of sizes to meet various creative and educational needs.

Additionally, they let customers customize their selections, giving their little building projects a unique touch.

In addition, they provide valuable guides on their YouTube channel that instruct users on how to get the most out of their products. Their effective shipping and return policies support their customer-focused philosophy and add to the pleasure of the shopping experience.

Even their adorable puppy, Kira, who serves as their mascot, maintains tabs on every action taken by the business. Since making an appearance on Shark Tank, Mini Materials has expanded greatly, and it will be interesting to watch where it goes from here.

What’s the net worth of Mini Materials?

At the time of the Shark Tank show, Jared valued their venture at $500,000. The development of Mini Materials from a specialized startup to a company with an estimated net worth of $2 million by 2024 is proof of the value of creativity, astute marketing, and involvement in the community.

Is Mini Materials is still in business?

Indeed, Mini Materials is still operating. This company has been around for a while, and a lot of individuals use the mini-construction goods to express their creativity.

Children benefit greatly from this product since it helps them think more clearly and lets them experiment with different concepts.

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FAQs:

What is Mini Materials?

Mini Materials is a distributor of small building supplies. They have small-sized building supplies including asphalt, tile, roofing, siding, and so forth.

What's the net worth of Mini Materials?

At the time of the Shark Tank show, Jared valued their venture at $500,000. The development of Mini Materials from a specialized startup to a company with an estimated net worth of $2 million by 2024 is proof of the value of creativity, astute marketing, and involvement in the community.

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