Many kids love to play with building toys, but it can be hard to create realistic looking objects. That’s why Mark Burginger created his line of building sets that allow curves to be used. This feature creates a more 3D aspect to the construction. Will he earn a deal on
Shark Tank Qubits Update
- Entrepreneur: Mark Burginger
- Business: Building toy sets
- Ask: $90,000 for 51%
- Result: $90,000 for 51%
- Shark: Daymond John
Award-winning educational STEM style toy - As Seen on Shark Tank. This Building Set has 84 large 6" pieces, Includes Two Sided 18"x24" Color Instructions. Ban the Box! - Eco Friendly, Frustration Free Packaging - NO BOX!
Robert Herjavec took no time to comment on the equity stake, and Mark told him he was offering that because he was smart and was looking for an impressive board of directors.
Robert remained slightly suspicious and Kevin O’Leary asked about numbers.
All the sharks were unimpressed with Mark’s $8,000 in sales up to that point. Kevin O. said that without a partnership with one of the four big toy companies, there would be no future for the company, so he went out.
Robert told Mark that there was no way Qubits could compete with Lego, so he went out next. Kevin Harrington and Barbara Corcoran agreed with the other sharks, and followed out.
Daymond John was taken with Mark’s equity offer. He could see the appeal in the concept, and made an offer of $90,000 for 51%. This was contingent on Mark achieving a deal with a major toy manufacturer, and Mark accepted.
How do you think the deal worked out after the show? Keep reading our Qubits update to see what happened.
Our Qubits update reveals that Mark was not able to secure a deal with one of the big four toy companies, therefore the deal with Daymond never came to fruition.
Daymond did however mentor Mark, which ultimately led to a deal with Discovery Toys. The business is still operational, and has a healthy annual revenue of $1 million.
You can check out this toy on the Qubits website and also on Amazon. We are glad to report a positive Qubits update, as it’s always great to see a company from Season 1 succeed.
Would you like to find out more about the other companies featured in Season 1 Episode 14? Follow the links below to read about them.
For even more on companies and products, be sure to stop by our Season 1 Products Page!
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Jennifer is an avid Shark Tank fan that has been watching the show for years. She serves as Senior Editor at Shark Tank Recap and ensures that all our information is accurate and that our posts are up to date. Her favorite Shark Tank products are Le-Glue and Ring!