Scott Lininger and Aidan Chopra came to
Shark Tank Bitsbox Update
- Entrepreneur: Scott Lininger and Aidan Chopra
- Business: Monthly coding projects subscription for kids
- Ask: $250,000 for 3% equity
- Result: No Deal
- Shark: None
Coding, by its very nature, isn’t very enjoyable. It lacks the visual input and feedback to be entertaining to most children. This is what Bitsbox aims to address. By making coding more engaging and fun to learn, Scott and Aidan are hoping to get kids coding from scratch. The subscription service gives kids monthly coding projects that cater to their experience level, all while teaching them valuable skills.
According to their presentation, Bitsbox achieved $1.3 million in revenue by the time they’d appeared on
Mark Cuban raised concerns about how the business would scale going forward and would ultimately go out as well, leaving Chris Sacca as the only shark available. Luckily for the duo, Chris was interested because he thought it was important that kids learn to code at an early age.
Unfortunately, Chris’ offer, $250,000 for 5%, was too low. While they tried to counter with a $7 million valuation at 3.57% and eventually 4%, this was just too high for Sacca.
The two would attempt to bring Sacca back in at 4.16% at a $6 million valuation and then at 4.75% before thinking about accepting Sacca’s original offer. Despite several attempts, Chris was firm in his decision.
As for our Bitsbox update, we’ve got excellent news. Appearing on
The most recent reports suggest that the company has surpassed $11 million in total sales as of July 2020.
Curious about the other company updates from Season 8 Episode 17? Find them here:
For more company updates from Season 8, check out our Season 8 product page.