Stress can wreak havoc on our mental and physical health. That’s why when Kaylin Marcotte was faced with stress at work, she started working on jigsaw puzzles to de-stress. They worked so well in fact, that she created her own puzzle company, but with a good cause. Will the pieces fall into place for Kaylin, on
If you’re short on time, here’s a quick overview of what happened to Jiggy Puzzles after
Jiggy Puzzles appeared on
|Mark Cuban||$500,000 for 15% equity|
|Kevin O’Leary||$100,000 for 15% equity and a $400,000 at 10% interest|
|Daniel Lubetzky||No Offer|
|Lori Greiner||No Offer|
|Robert Herjavec||No Offer|
Shark Tank Jiggy Puzzles Update
- Entrepreneur: Kaylin Marcotte
- Business: Unique jigsaw puzzles with a social cause
- Ask: $500,000 for 5% equity
- Result: $500,000 for 15% equity
- Shark: Mark Cuban
Kaylin brought her company, Jiggy Puzzles, to
This 800 piece puzzle is made of premium chipboard with thick puzzle pieces and a soft-touch matte finish that fit together perfectly to create a display-worthy puzzle. Once you finish the puzzle, use the included glue to transform your masterpiece into wall art decor.
In addition, Jiggy Puzzles also supports female artists around the globe. A portion of each sale goes to whoever the featured artist is who designs the puzzle art.
Jiggy Puzzles was created in November 2019, and the company has been growing rapidly In fact, in 2021, Kaylin expects to make $2.25 million.
With such a staggering number of sales in just a few years, it’s no surprise that the sharks are impressed by how well the company has done in so little time.
Puzzles sell between $40-$28 and cost $10 to manufacture. Additionally, the artists make between $3,000-$5,000 in the first run of the product.
Kaylin says she needs to partner with a shark that will help her grow the company. Further, she needs help expanding towards a subscription-based model.
Robert Herjavec loves the business idea, however, he doesn’t think the company will grow enough to get back his investment. For that reason, he is out.
Guest shark Daniel Lubetzy follows out next. He has an issue with Kaylin’s valuation and thinks she’s mainly benefiting from people being home during COVID-19.
Kevin O’Leary is interested and offers $100,000 for 15% equity. His offer also includes an additional loan of $400,000 at 10% interest.
However, Kaylin doesn’t want to give away too much equity and seems to have her eyes set on Mark Cuban. After pitching to the Dallas Mavericks owner directly, Mark responds by offering to invest $500,000, in exchange for 15% equity.
Still unsure about the deal, she goes back and forth, negotiating with Mark. However, he is not willing to budge and feels that his offer is fair.
After a few moments, Kaylin accepts, but not before securing a promise from Mark to match all non-profit donations the company makes in 2020.
Does Kaylin manage to keep things going strong following her time on
Our Jiggy Puzzles update reveals great news! The company is going strong, with estimated annual sales of $4 million.
In May 2020, Kaylin was interviewed by the lifestyle magazine, ELLE, just a few weeks after her
Jiggy Puzzles continues to sell more unique jigsaw puzzles and designs, and the company is also now offering a subscription service, Jiggy Puzzle Club. Members get new products and promotions before everyone else with exclusive content and access to a private community of other members from the club.
In addition to puzzles, you can also buy frames on the Jiggy Puzzle website. This is after all fitting, since their company tagline is, “Puzzles worth framing”.
Be sure to support Kaylin’s good cause by picking something up on the company website, or on Amazon.
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Andrew Smith is the founder and owner of Shark Tank Recap. He is a longtime Shark Tank fan that has been watching it for years and has seen every episode multiple times. His friends know him as the Shark Tank expert, because he can answer any question about the show! His favorite Shark Tank products are Bertello's pizza oven and Bug Bite Thing!