Qubits Building Toy Sets Update | Shark Tank Season 1

Architect Mark Burginger felt that traditional building toys limited creativity and structural possibilities. Seeking a solution, he designed Qubits, a unique construction toy based on nature’s forms. These geometric pieces offered superior strength, flexibility, and a wider range of imaginative 3D creations. Will he earn a deal on Shark Tank Season 1? Find out in our Qubits update!

If you’re short on time, here’s a quick overview of what happened to Qubits after Shark Tank.

Mark Burginger entered the Shark Tank Season 1 hoping to secure a deal for $90,000 for 51% equity in Qubits. However, while Daymond John was impressed and proposed a similar deal, it came with a condition to secure a contract with a major toy manufacturer.

As for a Qubits update, the company is still in business and landed a major deal with Discovery Toys. As of July 2022, its annual sales hit $1 million.

Shark	Result
Daymond John	Accepted offer of $90,000 for 51% equity
Kevin O’Leary	No offer
Daymond John	No offer
Robert Herjavec	No offer
Barbara Corcoran	No offer

Shark Tank Qubits Pitch

• Entrepreneur: Mark Burginger
• Business: Building toy sets
• Ask: $90,000 for 51% equity
• Result: $90,000 for 51% equity
• Shark: Daymond John

Mark Burginger enters the Shark Tank with confidence, ready to present his Qubits building toys. He quickly shows the toys and explains the idea behind his invention. 

Barbara Corcoran is immediately interested and wants to see them up close.

Robert Herjavec, however, is unsure about the overall deal and wants to know why Mark is willing to give up 51% equity in Qubits.

In response, Mark explains his desire for a strong team of advisors. He believes having the sharks on board would be a major advantage for Qubits and its success. 

Kevin O’Leary interjects and asks Mark about his sales figures. Mark revealed that Qubits has only generated $8,000 in sales so far. 

This low number disappoints the sharks, who were hoping for a more established business. Kevin then advises Mark to consider making a deal with one of the large toy companies. He believes this might be a better route for Qubits’ success. 

Without a toy company deal on the table, Kevin doesn’t seem hopeful about a potential deal with Qubits, so he’s out. 

Robert Herjavec hinted at another concern: the presence of Lego, a major competitor in the toy construction market. Citing this concern, he dropped out of the deal as well. 

Kevin Harrington doesn’t believe Qubits can compete with big toy companies and decides not to invest. This leaves only two sharks.

Unfortunately, Barbara Corcoran also exits the deal without explanation.

Now, with Daymond John as the last remaining shark, Mark faces a crucial moment. Will he secure an investment or leave empty-handed? 

Surprisingly, Daymond John sees potential in Qubits. He’s impressed by Mark’s willingness to offer such a high ownership stake. 

Daymond believes the toy can become a strong brand and proposes a deal. He offers $90,000 for 51% ownership but with a crucial condition: the deal is only valid if Qubits secures a contract with a major toy manufacturer. Mark accepts the offer.

Was this a good move for both the entrepreneur and the investor? Find out in our Qubits update.

Shark Tank Qubits Update 

Despite Daymond John’s connections and support, Mark couldn’t secure a deal with any of the four major toy manufacturers they reached out to. 

As expected, the deal with Daymond John didn’t happen. However, the two stayed in touch, and Daymond even offered Mark mentorship. 

Our Qubits update research found that this connection proved valuable as Mark later landed a successful deal with Discovery Toys, a distributor known for its home-party sales model.

Discovery Toys provided the platform Qubits needed to reach a wider audience, and sales soared. 

Furthermore, leveraging a Chase Bank grant, Qubits developed new pieces, educational materials, and packaging to showcase Qubits 2.0 at trade shows and return to retail stores.  

Despite the initial setback, Qubits remains a thriving family business with a strong sales record.   

According to the Qubits website, its toys are now available in over 18 countries!

Years after pitching on Shark Tank, the company is still in business and continues to operate in its North Carolina base. In 2022, annual revenue had grown to around $1 million. 

Qubits’s journey is a testament to the fact that success can come outside of Shark Tank. We are glad to bring you the latest 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.

• Send a Ball Update
• Llama Brew Update
• Nubrella Update
• Pillars of Slippers Update

For even more on companies and products, be sure to stop by our Season 1 Products Page!