What Happened to Bear Minimum after Shark Tank Pitch? Bear Minimum Shark Tank Update
What is a Bear Bowl by Bear Minimum?
Bear Minimum is a company that makes the Bear Bowl, a lightweight, compact camping stove for hikers and backpackers.
The cooking pots are roughly the size of a wallet and are constructed of food-grade, flame-resistant plastic. The firm describes the product as the “world’s first pocket cook pot.”
The Bear Bowl is the first cook pot that fits your pocket in the world. It’s tiny and light, yet it carries a massive 32 ounces of water.
It’s also available in two bigger sizes. It works with most camp stoves and may even be used over a fire in a survival emergency.
Cory Santiago, 47, an experienced outdoorsman and the creator of the Bear Bowl, began working on a small camping pot because he liked great stuff and cool gear for camping, cool gear for survival.
Other uses for the Bear Bowl cook pot have been discovered, including a portable dog dish and a container for keeping vital electronics, trail food, flowers, and more.
It’s the ideal travel companion for anybody who likes to cook while on the move.
The firm’s name was inspired by the practicality of its innovation, which provides the minimal essential function of all types of cookware.
Cory and Heidi Santiago, a husband and wife team and the co-founders of this foldable, portable cooking pot, appeared on the shark tank seeking funding from the shark tanks.
What Happened to Bear Minimum after Shark Tank Pitch?
Cory and Heidi Santiago, a married couple, went on The Shark Tank to showcase their camping cookware product, the Bear Bowl, and the Bear Minimum brand. The couple wanted an investment of $100,000 in exchange for a 20% stake in the business.
The Sharks were instantly intrigued in their proposal, stating that camping gear sells well since purchasers in this industry are always seeking to experience new things.
Jamie Siminoff first offered the Santiagos $100,000 for a quarter-share of the firm, which was a 5% increase over their initial offer on The Shark Tank.
Daymond John also makes a $100K offer to Bear Minimum in exchange for a 33% stake in the firm. Daymond’s interest in the firm was that it works nicely with another sector with whom he does business, the “Prepper” community.
Bear Minimum accepted Jamie Siminoff’s proposal.
There is no proof that the Jamie deal was fulfilled. But since the show aired, Bear Minimum has released the Complete Camp Kitchen, which has a full set of utensils and ten cooking implements that fold into a small folding pot.
The Company also developed the Mama Bear and the Papa Bear, two bigger pots, and yearly net revenue is $80,000 as of June 2021.
Bear Minimum Net Worth
Bear Minimum couple was seeking a $100,000 investment in exchange for a 20% stake in the business. The valuation of Bear Minimum, according to them, was estimated at $500,000.
Jamie Siminoff offered to invest $100,000 for a quarter-share of the firm, reducing the company valuation to $400,000.
Bear Minimum FAQs
What exactly is the Bear Minimum?
Bear Minimum is a company that makes The Bear Bowl, a unique flame-resistant coated fiberglass cooking pot that folds flat and fits in your pocket and is the best-selling product of a creative camping cookware business.
Bear Bowls are designed for those campers and outdoor explorers who like to cook their meals on their campsites, no matter how isolated or wild they are.
It folds flat and can be used on your portable stoves for any off-grid adventure.
What was the response from the Shark Tank investors?
Sharks praised them for their unique cookware design and their hard work and battling spirit.
What is the best about this cookware folding?
It is all-in-one cookware that can be folded. It is exceptionally light, weighing only 7 ounces. All types of stoves and fuels are compatible.
What are the flaws in this bowl’s design?
The design of the bowl’s snap loop may be improved.
What is the Bear Bowls Camping Set’s Family?
Foldable Cooking Pots/Pans/Bowls, Backpacking Gear, Hiking Outdoors | Lightweight, Compact, Durable, Collapsible | Family Bear Bowl Camping Cookware Set (128, 64, and 32 ounces)
What is the Bear Bowl’s seating capacity?
The volume of this collapsible and folding pot is 32 ounces, which is adequate to feed a party of two to four persons.
What kind of fuel am I allowed to use?
You may use Iso-propane, solid fuel cubes, or even alcohol-based fuels in the bowl without fear of it being burnt or distorted.
What are Bear Minimum competitors?
BearMinimum is a one-of-a-kind camping product with few competitors.
What exactly is the Bear Minimum, and how does it work?
The Bear Minimum is a camping cook pot that folds flat. It becomes a square cooking pot when unfurled.