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What is Mini Materials?
Mini Materials offers authentic, high-quality miniature building supplies like concrete, wood, and metal, designed for dollhouse construction, dioramas, and small-scale recreations.
Mini Materials's Shark Tank Pitch Recap
Jared Waters pitched Mini Materials, miniature building supplies for dollhouses and dioramas, seeking $100,000 for 20% equity. He highlighted the high quality and US-made aspect of the products, emphasizing their appeal to a new generation of hobbyists. While the Sharks were impressed with the product's novelty and profit margins, concerns about scalability and market size led to all of them declining to invest.
Who invested in Mini Materials?
No sharks invested
Mini Materials's Pitch Highlights
Jared Waters bought the company for $200,000 via a home equity loan after discovering it on Reddit.
The company's products were inspired by a Reddit post of someone's handmade concrete block.
The mini materials have a blended profit margin of about 75%
Mini Materials Shark Tank Update
- Despite not securing a deal, Mini Materials experienced a significant increase in sales after appearing on Shark Tank.
- The company continues to operate and expand its product line, leveraging on-demand manufacturing techniques like 3D printing and laser cutting.
- Mini Materials remains a key player in the miniature construction materials market.
Key Milestones
2015 - Company Founded
Mini Materials was founded by Mat Hofma and Erik Polumbo.
2022 - Acquisition
Jared Waters acquired Mini Materials.
2023 - Shark Tank Appearance
Mini Materials appeared on Shark Tank Season 15.
