Construction toys are quite popular among children. Up until 2010, there was no match for Lego blocks. However, Mark Burginger, founder of Qubits toys, had a dream of competing in the market of construction toys. So, what exactly is Qubits Toys net worth? <\/p>\n\n\n\n
\nAppearing in Shark Tank\u2019s first season, Mark demonstrated his idea of a STEM building blocks toy. He asked for a $90,000 investment in return for 51% of the shares. Although he failed to get any offer, this episode got the ball rolling for his business. <\/em><\/strong><\/p>\n<\/blockquote>\n\n\n\n
So, what happened to Mark Burginger after the show? To find out more about Qubits Toys and the current net worth of the company, keep reading. <\/p>\n\n\n\n
Qubits Toys <\/h2>\n\n\n\n
Qubits Toy is a construction STEM toy<\/a> that allows children to go wild with their imagination and create unique designs. Unlike traditional building blocks, Qubits contain flexible geometric connectors that snap together easily. <\/p>\n\n\n\n
About the Founder <\/h2>\n\n\n\n
Mark Burginger is an Architect and Air Force veteran who always dreamed of becoming an inventor. That\u2019s why he worked on designing a fun and educational toy for children to build their creativity. <\/p>\n\n\n\n
He provided an alternative to the rigid building blocks by creating a more flexible option. Then, Qubits toys<\/a> came to life as a form of malleable, colorful pieces of plastic that snap together. <\/p>\n\n\n\n
Qubits allow children to construct an unlimited range of 3D structures<\/a> far stronger than ordinary building block creations. <\/p>\n\n\n\n
For his toy to see the light, Mark appeared on Shark Tank\u2019s first season and asked for an investment worth $90,000. <\/p>\n\n\n\n
What Happened in Shark Tank? <\/h2>\n\n\n\n
Mark Burginger, like many others, went to Shark Tank to seek investment. He offered 51% of the company stakes and asked for a $90,000 investment. Initially, he was planning on making all five sharks board members. <\/p>\n\n\n\n
The sharks were interested in his toy creation after demonstrating it. However, this huge share offer got Robert Herjavec skeptical. Mark explained how he wanted a shark as a director to help manage this business. <\/p>\n\n\n\n
Kevin O’Leary, on the other hand, thought that the market had no room for another construction toy. After all, it would be tough to compete with toy giants. <\/p>\n\n\n\n
Daymond John had another opinion and saw potential in this creation. That\u2019s why he offered to take the deal, but with a condition to tie up with a brand toy company. <\/p>\n\n\n\n
Unfortunately, Mark couldn\u2019t achieve this agreement, which led to canceling Daymond\u2019s offer. Yet, Daymond John continued to mentor him during his business journey. <\/p>\n\n\n\n
What Happened After Shark Tank? <\/h2>\n\n\n\n
The show gave Qubits Toys the boost it needed to become well-known in the market. <\/p>\n\n\n\n
\nMiraculously, the sales increased to almost 40 times more after the show. With the help of Daymond John, Mark Burginger was able to sign a deal with Discovery Toys<\/a>. <\/em><\/strong><\/p>\n<\/blockquote>\n\n\n\n
Discovery Toys gave Burginger the platform he needed to advertise his invention, and he preyed on this opportunity. Ever since then, he has been marketing his product on Amazon<\/a>. After this union, Qubits sold out all the available inventory. <\/p>\n\n\n\n
Qubits Toys Net Worth <\/h2>\n\n\n\n
Mark Burginger came to the show with sales of only $8,000. <\/p>\n\n\n\n
\nIn 2021, the company\u2019s annual revenues reached $6 million, and the business kept growing stronger. Back then, the company\u2019s estimated net worth was around $125,000. <\/em><\/strong><\/p>\n<\/blockquote>\n\n\n\n
The current net worth of Qubits Toys currently stands at about $200,000. <\/p>\n\n\n\n
Conclusion <\/h2>\n\n\n\n
Walking out of Shark Tank with no offer doesn\u2019t necessarily mean the business isn\u2019t successful. <\/p>\n\n\n\n
Mark Burginger increased Qubits Toys net worth to $200K after the show. He did that by working hard and believing in his invention. <\/p>\n\n\n\n
Having said that, it\u2019s worth mentioning that Shark Tank contributed to this success in a great way. After all, it advertised Mark\u2019s product indirectly. <\/p>\n","protected":false},"excerpt":{"rendered":"
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Construction toys are quite popular among children. Up until 2010, there was no match for Lego blocks. However, Mark Burginger, founder of Qubits toys, had a dream of competing in the market of construction toys. So, what exactly is Qubits Toys net worth? Appearing in Shark Tank\u2019s first season, Mark demonstrated his idea of a STEM building blocks toy. He asked for a $90,000 investment in return for 51% of the shares. Although he failed to get any offer, this episode got the ball rolling for his business. So, what happened to Mark Burginger after the show? To find out…<\/p>\n","category_list":"Net Worth<\/a>","author_info":{"name":"Phil Andrews","url":"https:\/\/jhweb.tech\/author\/phil-andrews\/"},"comments_num":"0 comments","_links":{"self":[{"href":"https:\/\/jhweb.tech\/wp-json\/wp\/v2\/posts\/740"}],"collection":[{"href":"https:\/\/jhweb.tech\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/jhweb.tech\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/jhweb.tech\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/jhweb.tech\/wp-json\/wp\/v2\/comments?post=740"}],"version-history":[{"count":4,"href":"https:\/\/jhweb.tech\/wp-json\/wp\/v2\/posts\/740\/revisions"}],"predecessor-version":[{"id":793,"href":"https:\/\/jhweb.tech\/wp-json\/wp\/v2\/posts\/740\/revisions\/793"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/jhweb.tech\/wp-json\/wp\/v2\/media\/791"}],"wp:attachment":[{"href":"https:\/\/jhweb.tech\/wp-json\/wp\/v2\/media?parent=740"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/jhweb.tech\/wp-json\/wp\/v2\/categories?post=740"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/jhweb.tech\/wp-json\/wp\/v2\/tags?post=740"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}