BitsBox Shark Tank Net Worth 2023

Bitsbox, a coding for kids company, achieved $1.3 million in revenue by the time it appeared on Shark Tank.

As of July 2020, the company surpassed $11 million in total sales and by January 2023, they were doing $1.5 million in annual revenue. The founders of Bitsbox have a net worth of $15 million as of 2022.

What is BitsBox? Who is the Founder of BitsBox?

BitsBox is a monthly subscription box that aims to teach coding basics to children aged 6-12 through hands-on activities. The company provides step-by-step instructions that enable kids to build models, games, and animations on their own.

The founders of BitsBox are Scott Lininger and Aidan Chopra, former Google employees who came up with a prototype to keep their daughter interested in computing. They decided to quit their jobs and focus on the company full-time.

BitsBox teaches children to code by sending them tasks that require them to write and build apps that can run on smartphones and tablets.

Each project comes with a unique sticker or name card that can be used as part of the final product or shared on social media. BitsBox was launched in late 2014 after a successful Kickstarter campaign that raised $253,696.

The company has over 800,000 users worldwide and offers three membership options, including a digital option for $19.99 per month, a basic service for $25 per month, and a deluxe version for $45 per month that includes extra items such as toys, trading cards, tattoos, stickers, and more. BitsBox is also developing classroom packages for schools.

BitsBox on Shark Tank Pitch?

Scott and Aiden, the founders of BitsBox, pitched their company idea to investors on Shark Tank after a successful Kickstarter campaign. They asked for $250,000 for a 3% stake in the company valued at $8.33 million. During the pitch, they showcased a video game created by Scott’s daughter Grace using the software.

After discussing the pricing and sales figures, Kevin got angry at the valuation and left the deal, followed by Lori. Robert did not want to be part of it, and Mark believed they needed additional funding. Chris offered $250,000 for a 20% ownership of the company, but after some negotiations, he withdrew from the deal.

Despite not securing a deal on Shark Tank, Scott, and Aiden ended up getting funding from other investors at the valuation they requested.

Following their appearance on the show, their business tripled in a month, and they expanded their team, office space, and video studio. Today, BitsBox is one of the leading coding education companies for kids, with total revenues exceeding $11 million as of July 2020.

Competitors of Bitsbox

In the market, the firm has many of competitors as follows: KLUTCHclub,

PupBox, Faithbox, Little Passports, Mystery Tackle Box, Beauty Box 5, Japan Crate, and JustReachOut.

Net Worth of Bitsbox

During the pitch, the company valuation was $8.33 million and they have makes a lot of sales through subscriptions and acquired more investors, therefore the valuation of the company in 2021 has risen.

BitsBox Shark Tank:

TOPIC	INFORMATION
Company	Bitsbox
Founder	Scott Lininger and Aidan Chopra
Founded	Late 2014
Shark Tank Pitch	Asked for $250,000 for 3% stake in the company
Valuation	$8.33 million (during the Shark Tank pitch)
Total Sales	Surpassed $11 million as of July 2020
Annual Revenue	$1.5 million as of January 2023
Net Worth	Founders have a net worth of $15 million as of 2022
Competitors	KLUTCHclub, PupBox, Faithbox, Little Passports, and others
Employees	Three new employees have been added
Office Space	Doubled the office space
Video Studio	Built a video studio
Membership	Offers three membership options: digital, basic, and deluxe
Subscribers	Over 800,000 users worldwide

BitsBox Shark Tank Updates

Coding projects for children aged 6–12, catering to their experience level and teaching them valuable skills. Bitsbox was founded by former Google employees Scott Lininger and Aidan Chopra in late 2014.

They started their business with a successful Kickstarter campaign that raised $253,696.003. In Shark Tank Season 8, Scott and Aidan entered seeking $250,000 for 3% of the business. However, they did not receive a deal from the Sharks.

Despite not receiving a deal, Bitsbox has been successful. As of July 2020, the company had surpassed $11 million in total sales. By January 2023, they were doing $1.5 million in annual revenue3.

Bitsbox has added three new employees, doubled its office space, and built a video studio. The company is now one of the top kids’ education companies out there.

Bitsbox is an excellent learning tool for children aged 6–12 who want to learn the basics of coding and eventually create apps that can work on smartphones and tablets.

The subscription service aims to make coding more engaging and fun to learn, hoping to get kids to code from scratch. Bitsbox had already achieved $1.3 million in revenue by the time they appeared on Shark Tank.

BitsBox FAQs

What Is Bitsbox?

Bitsbox is a startup that teaches children how to code apps through monthly subscription boxes. The company was founded in 2014 by Scott Lininger and Aidan Chopra, both former Google employees.

Bitsbox provides coding projects that teach kids to make video games, greeting cards, simulations, and more. The apps work on real phones and tablets. The company’s subscription boxes contain suggested apps for users to code on a virtual tablet.

The coding projects range in difficulty and teach different concepts and languages. Kids type the code into the Bitsbox website and then immediately play with the app.

Bitsbox is designed for children between the ages of 6 and 12. The company’s subscription service provides fun ways for kids to learn how to code in a project-based learning environment. The monthly coding projects are designed to teach grade schoolers how to program apps.

Over a million kids have built apps on the Bitsbox website, and the company has subscribers in over 70 countries. Bitsbox appeals to both boys and girls. The company’s subscription service starts at $16.95 per month.

Bitsbox has received funding from the Boomtown seed accelerator program and has raised over $11 million in total sales as of July 2020. The company has conducted pilot programs with Colorado schools to study how coding could be used in the classroom.

Bitsbox has been praised by parents and educators for its effectiveness in teaching kids how to code.

Who Is The Bitsbox Founder?

The founder of BitsBox is Aidan Chopra45. He co-founded the company with Scott Lininger, who is the CEO.

Aidan Chopra is also the Chief Creative Officer, the Creative Director, and a board member of BitsBox.

What Does Bitsbox Offer On Shark Tank?

Bitsbox is a monthly subscription service that offers coding projects for kids. The service provides monthly coding projects that cater to children’s experience levels, all while teaching them valuable skills.

Bitsbox aims to make coding more engaging and fun to learn, hoping to get kids to code from scratch. The company was founded by former Google employees Scott Lininger and Aidan Chopra in late 2014.

In Season 8, Episode 17, of Shark Tank, Lininger, and Chopra pitched their business to the sharks, seeking $250,000 for 3% of their company. They demonstrated a “Shark Tank App” that was in that month’s box, which was a video game made by a young girl named Grace3.

The Sharks were impressed, but Mark Cuban gasped at the valuation. Chris Sacca criticized the company’s “nickel and diming” and went out. In the end, no deal was made.

Despite not getting a deal on Shark Tank, Bitsbox has continued to grow. As of July 2020, the company had surpassed $11 million in total sales. The team has grown from five to eight, and they have doubled their office space. Bitsbox is also developing classroom kits for schools.

Did Bitsbox Get An Offer?

BitsBox appeared on Shark Tank, seeking $250,000 for 3% equity. Although Chris Sacca made an offer, it was lower than what they had decided to accept, so they countered. However, the Sharks were not interested in their counteroffer, and Bitsbox did not get a deal.

Is Bitsbox Still In Business?

Yes, BitsBox is still in business as of April 2023. According to multiple sources, BitsBox is a successful monthly subscription box service that teaches kids to code through a series of apps and app projects.

The company was founded in late 2014 by former Google employees Scott Linninger and Aiden Chopra, and it has grown significantly since then. BitsBox boasts over 800,000 users worldwide and has surpassed $11 million in total sales as of July 2023.

Appearing on Shark Tank in 2017 allowed BitsBox to triple its business in a span of a month, and the company has continued to grow since then. BitsBox offers three subscription services: digital, basic, and premium.

The coding projects range in difficulty and teach different concepts and languages, and kids type the code into the BitsBox website and then immediately play with the app. BitsBox aims to make coding more engaging and fun to learn, and it has been successful in doing so.

In summary, BitsBox is still in business as of April 2023 and is a successful monthly subscription box service that teaches kids to code through a series of apps and app projects.

The company has grown significantly since its founding in late 2014 and has surpassed $11 million in total sales as of July 2020.

What Is The Current Revenue Of Bitsbox?

As of January 2023, BitsBox’s annual revenue is $1.5 million. In 2022, their revenue run rate will hit $715.6K. BitsBox achieved $1.3 million in revenue by the time it appeared on Shark Tank.

BitsBox is currently one of the leading coding education firms in the world.

How Does Bitsbox’s Revenue Compare To That Of Its Competitors?

BitsBox’s revenue is estimated to be around $1.5 million as of January 2023. BitsBox’s estimated annual revenue is $1.4 million per year, and its estimated revenue per employee is $102,857.

In 2022, BitsBox’s revenue run rate hit $715.6K14. However, it is difficult to compare BitsBox’s revenue to that of its competitors as there is limited information available on their revenue.

BitsBox has 14 employees as of 2022, and their latest funding round was a convertible note for $0.29 million in August 2022. BitsBox’s valuation in June 2018 was $12 million.

BitsBox’s competitors include Manatee, TopYa Sports, and Stellar, with annual revenues of $1.4 million and 15 employees. However, it is unclear how these companies compare to BitsBox in terms of revenue growth, market share, and other factors.

BitsBox’s unique selling proposition is that they teach real coding with fun projects that come in the mail every month, introducing a new computer science concept with each level.

They have over 800,000 users worldwide and offer three membership options, including a digital option for $19.99 per month, a basic service for $25 per month, and a deluxe version for $45 per month that includes extra items such as toys, trading cards, tattoos, stickers, and more.

How successful is Bitsbox?

Three more staff was hired, the office space was increased, and a video studio was established.

Bits Box is currently one of the leading coding education firms in the world. By July 2020, the company’s total sales will have surpassed $11 million.

Is Bitsbox safe?

Bitsbox has been safe for a few years now, and they have been reliable.

What coding language is Bitsbox?

Bitsbox teaches children how to write genuine, text-based computer code in order to create simple apps.

They use JavaScript as their scripting language, with the addition of a few dozen additional commands (words, essentially) that make it simpler for newcomers to construct exciting stuff rapidly.

What is the difference between BitsBox and other competitors?

BitsBox is a subscription box service that teaches children to code using a series of app projects.

What is the future of BitsBox?

Following their appearance on Shark Tank, they tripled their business in a month and were able to hire three additional staff members and quadruple their office floor space.

How was BitsBox developed?

The founders developed the service after noticing how little children understood programming concepts.

How does BitsBox work?

Every month, the youngster receives a series of codes to create apps on smartphones and tablets. Kids enter the code into the BitsBox webpage and then play with the software right away.

How many Bitsbox sets are there?

Give Bitsbox twenty-four levels all at once.

150 plus exciting app coding assignments are crammed within a single large package.

What is a list in Bitsbox?

An array is a collection of values. An array is created whenever a user needs to keep a list of items that they may refer to in their code.

Each value in an array is referred to as an element. Each element is assigned an index number.

What is the net worth of Scott Lininger?

Scott Lininger has a net worth of $1.4 million.

What is the net worth of Aidan Chopra?

Aiden Chopra has a net worth of $1.3 million.