Shark Tank Update
Shark Tank Pitch
Qubits Shark Tank Update
Published:
2m
Bend, OR
| Name | Qubits |
|---|---|
| Main Presenters | Mark Burginger |
| Presenter Image | |
| Product Image | |
| Last Known in Business | 9/1/2022 |
| Main Location | Bend, OR Loading Map |
| Order Shown in Episode | 2 |
| Final Deal | Deal was made on the show with sharks Daymond John for $90k for 51% of Company contingent on deal with big players. |
Qubits Shark Tank Pitch
Mark Burginger played with construction toys as a kid, which influenced him to become an architect. After being unable to find an architecture job during the bad economy, Mark returned to his early passion and created his construction toy, Qubits.
After being in business a few years since late 2007, Mark has sold $8k of product. He's put $60k of mostly borrowed money into this.
One of the greatest things you'll learn about sales is you gotta learn where not to waste your time.
Mark is going up against huge brands like Lego and has not called any to try and work with. Daymond agrees to Mark's offer contingent on striking a deal with one of the big players.
Offers
| Made By | Label | Sharks Part of Deal | Summary |
|---|---|---|---|
| Company | Offered | $90k for 51% of Company | |
| Sharks | Out | Kevin O'Leary | Out |
| Sharks | Out | Robert Herjavec | Out |
| Sharks | Out | Kevin Harrington | Out |
| Sharks | Out | Barbara Corcoran | Out |
| Sharks | Deal | Daymond John | $90k for 51% of Company contingent on deal with big players |
Kevin Harrington
Out
Daymond John
Made Deal
Kevin O'Leary
Out
Barbara Corcoran
Out
Robert Herjavec
Out
Updates in Shark Tank Episodes
| Update Season | Update Episode |
|---|---|
| No Episode Updates | |
Qubits After Shark Tank
Mark Burginger spoke with Shark Tank Blog https://www.sharktankblog.com/qubits-mark-burginger-after-sharktankblog-show to discuss his experience after Shark Tank. Kevin O'Leary helped Daymond call several large toy companies.Link Preview
Shark Tank Blog
Qubits had no success with the big players; therefore, Daymond's deal did not persist. Daymond, however, remained helpful to Mark and Mark struck an arrangement with a smaller toy company, Discovery Toys.
Their website is qubitstoy.com https://qubitstoy.com https://x.com/Qubits_Toy and their Twiter is @Qubits_Toy Link Preview
qubitstoy.com which is very active.Link Preview
@Qubits_Toy
Qubits has moved to Hendersonville, North Carolina, and in 2022 generates around $1 million in annual revenue.
Mark spoke on the Marketplace Blueprint Podcast https://podcasts.apple.com/us/podcast/life-after-the-shark-tank-with-mark-of-qubits-toys/id1475993733?i=1000459210993 in late 2019. Qubits has sold out for many Christmases although they target the stem category and try and maintain sales year-round.Link Preview
Marketplace Blueprint Podcast
Mark enjoys participating in a Facebook group with other people who have been on Shark Tank.
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