Gold Rush Nugget Bucket Shark Tank Net Worth 2023
Mark was a contestant on the popular television show Shark Tank, seeking a financial investment of $60,000 in exchange for a 15% stake in his firm, Gold Rush Nugget Bucket. This investment would have valued his company at $400,000.
However, Mark accepted an offer from Robert, one of the “sharks,” who offered $60,000 for a 25% stake in the company, which reduced the valuation to $240,000.
Since the show aired, Gold Rush Nugget Bucket has experienced significant growth, resulting in an increase in the company’s value. Therefore, the current valuation of the company is evidently higher than $240,000.
What is Gold Rush Nugget Bucket? Who is the Founder of Gold Rush Nugget Bucket?
The Gold Rush Nugget Bucket is an innovative piece of gold panning equipment that simplifies the process of discovering gold for everyone. To use it, all you have to do is add soil and water.
The bucket uses gravity to concentrate heavy gold dust in a small bowl, while the liquid mixture escapes through a funnel at the bottom of the bucket, making panning easy.
The Gold Rush Nugget Bucket can recover up to 99 percent of gold nuggets, 90 percent of gold flakes, and as much as 90 percent of gold dust, making it one of the most effective gold panning tools on the market.
The kit consists of a bucket with various filters, funnels, and pans that collect gold and silt in a concentration basin. This method of panning for gold is much simpler than using a traditional pan.
The Gold Rush Nugget Bucket is proudly made in the United States and is protected by multiple patents in both the US and Canada. It is also endorsed by the Gold Prospectors Association of America (GPAA) and has been on the market since 2012.
The kit fits inside a 5-gallon bucket, weighs approximately seven pounds, and comes with everything you need to start panning for gold. However, if you want to purchase the Gold Rush Nugget Bucket, it will cost $99.95 plus shipping on Amazon.
The founder of the Gold Rush Nugget Bucket is Mark Peterson from Eugene, Oregon. He came up with the idea in 2011 while managing his company, Western Mortgage Brokers, Inc.
He wanted to keep his two daughters occupied and away from electronic devices, so he made a device out of a few screens that fit onto a 5-gallon bucket with a hole in the bottom.
The kids enjoyed digging in the soil and pouring water to find gold, but they ended up having fun collecting interesting rocks for their rock polisher and some river-polished glass nuggets.
This is when Peterson realized that this self-contained gold panning equipment could become a commercially successful product.
He spent the next year and a half refining his design, and the Gold Rush Nugget Bucket is now a patented product certified by the Gold Prospectors Association of America.
Gold Rush Nugget Bucket Shark Tank Pitch
Mark pitched his product, the Gold Rush Nugget Bucket, on Season 6 Episode 19 of Shark Tank. He was seeking a $60,000 investment in exchange for a 15% stake in his company, which had a $400,000 valuation.
Mark demonstrated how his product made gold panning easier by using a funnel to filter out dirt and water. The inspiration for the product came from his daughters playing with buckets while searching for pebbles.
When asked about sales, Mark revealed that he had made $290,000 in the first 17 months, with each unit priced at $99.95 plus shipping and handling. He also mentioned that he had invested $192,000 of his own money and had two patents in the United States.
Although some Sharks found the product enjoyable, Mark Cuban and Robert Herjavec saw it more as a pastime and bowed out.
Barbara Corcoran was a customer, not an investor, and Lori Greiner thought it was a toy rather than a product aimed at adults.
Kevin O’Leary, however, believed that the product had potential in retail and offered $60,000 for a 50% stake. Robert re-entered the deal with an offer of $60,000 for a 25% stake, which Mark accepted.
After the show, Mark faced some challenges and decided to hire a social media specialist to oversee digital marketing and branding. With 98% of transactions occurring online, Mark recognized the need to expand his online presence.
Thanks to these efforts and Robert’s advice, sales increased almost 3.5 times and the Gold Rush Nugget Bucket was distributed in 28 countries across six continents. As of August 2021, the company is still in operation and has an annual revenue of $1.2 million.
What is the Net Worth of Gold Rush Nugget Bucket?
Mark appeared on Shark Tank in search of $60,000 for a 15% stake in the firm. This equates to a $400,000 valuation.
He accepted an offer from Robert of $60,000 for a 25% stake which brings the valuation to $240,000.
The current valuation is evidently higher since the Company has grown.
Gold Rush Nugget Bucket Shark Tank Updates
Gold Rush Nugget Bucket is a gold panning kit that simplifies the process of gold panning and makes it more accessible. The kit includes a bucket with screens, funnels, and pans that move gold and silt into a concentration bowl.
The Gold Rush Nugget Bucket is proudly made in the USA and holds several US and Canadian patents. It is endorsed by the Gold Prospectors Association of America and is approved for all ages.
Gold Rush Nugget Bucket appeared on Shark Tank Season 6 and made a deal with Robert Herjavec. The founder, Mark Peterson, pitched the product in episode 622 and asked for $60,000 for 15% of the business.
The company overcame challenges and hired a social media manager. As of September 2022, the company is still in business with $1.2 million in annual revenue. The Gold Rush Nugget Bucket is available for purchase on Amazon for $99.95 plus shipping.
Gold Rush Nugget Bucket Shark Tank Summary:
| ITEM | DESCRIPTION |
| Product | Gold Rush Nugget Bucket, a gold panning kit that simplifies the process of gold panning and makes it more accessible |
| Founder | Mark Peterson from Eugene, Oregon |
| Valuation on Shark Tank | $240,000 |
| Investment on Shark Tank | $60,000 for a 25% stake from Robert Herjavec |
| Current Valuation | higher than $240,000 |
| Annual Revenue (as of August 2021) | $1.2 million |
| Investment | $192,000 of Mark’s own money |
| Patents | multiple patents in both the US and Canada |
| Distribution | sold in 28 countries across six continents |
| Endorsement | endorsed by the Gold Prospectors Association of America |
| Price | $99.95 plus shipping on Amazon |
| Update | Mark hired a social media specialist to oversee digital marketing and branding. Sales increased almost 3.5 times after the show. |
Gold Rush Nugget Bucket FAQS
What Is Gold Rush Nugget Bucket, Founder, and How Does Gold Rush Nugget Bucket Work?
The Gold Rush Nugget Bucket is a patented gold panning kit that offers a breakthrough design for gold panning. The founder of the Gold Rush Nugget Bucket is Mark Peterson, who was inspired by his daughter.
The kit is essentially a bucket with a set of screens, funnels, and pans that moves gold and silt into a concentration bowl. This method makes panning for gold easier than using the standard pan.
The Gold Rush Nugget Bucket concentrates the smallest of gold particles, gold dust, into a small bowl. When ready, simply take the bowl out and dump it into the gold pan that comes included and start the gold panning process.
The process is made to be easy: scoop, shake, and pour. The longer you do this, the more gold will concentrate in the bowl. When finished, simply remove the bowl and dump the contents into your pan.
Mark Peterson began selling the Gold Rush Nugget Bucket in 2012. The cost of the Gold Rush Nugget Bucket is $99.95 plus shipping on Amazon.
The kit includes everything you need to pan for gold, as well as gems, cool rocks, and artifacts, all neatly organized inside the bucket. The Gold Rush Nugget Bucket simplifies gold panning compared to using a regular pan.
What Happened To Gold Rush Nugget Bucket After Shark Tank?
Mark Peterson, the founder of Gold Rush Nugget Bucket, pitched his gold panning kit on Shark Tank in episode 622. The kit is a bucket with screens, funnels, and pans that moves gold and silt into a concentration bowl, making panning for gold easier than using a standard pan.
Peterson began selling the product in 2012 and it is endorsed by the Gold Prospectors Association of America. The cost of the kit is $99.95 plus shipping on Amazon.
Peterson closed a deal with Robert Herjavec on Shark Tank, but the company experienced some challenges after the show. However, the company overcame these challenges by hiring a social media manager.
As of September 2022, the company is still in business with $1.2 million in annual revenue.
Gold Rush Nugget Bucket was featured in an episode of Beyond the Tank, where Peterson consulted with Herjavec for hiring a key digital role.
The company experienced the “Shark Tank Effect” after appearing on the show, with sales for the deluxe gold prospecting kits tripling and the company’s brand gaining broader recognition.
Is Gold Rush Nugget Bucket Still In Business?
Yes, Gold Rush Nugget Bucket is still in business as of April 2023. The company was founded by Mark Peterson, who pitched the gold panning kit on Shark Tank in 2015.
The kit includes a bucket with screens, funnels, and pans that move gold and silt into a concentration bowl, making panning for gold easier than using a standard pan.
The Gold Rush Nugget Bucket is proudly made in the USA and holds several US and Canadian patents. It is also endorsed by the Gold Prospectors Association of America.
Despite facing challenges, the company overcame them and is still in business with an annual revenue of $1.2 million as of September 2022. The Gold Rush Nugget Bucket is available for purchase on Amazon for $99.95 plus shipping.
The kit is approved by the Gold Prospector’s Association of America for all ages, making it a fun and accessible hobby for everyone.
What Is The Current Valuation Of Gold Rush Nugget Bucket?
Gold Rush Nugget Bucket is a company that produces gold panning equipment. The company appeared on Shark Tank in 2015 with a valuation of $400,000.
As of 2022, the founder of Gold Rush Nugget Bucket, Mark Peterson, has a net worth of $900,000. However, there is no information available on the current valuation of the company.
Gold Rush Nugget Bucket was acquired or merged with another company, but there is no information on the date or amount of the deal.
The company’s website does not provide any information on its valuation either. Therefore, it is unclear what the current valuation of Gold Rush Nugget Bucket is.
Who Are The Competitors Of Gold Rush Nugget Bucket?
Gold Rush Nugget Bucket is a company in the metals and mining industry that produces a gold prospecting kit.
The company’s competitors include Goldn Paydirt, Fergus James, Goldn Badger LLC, and WaterAnywhere. However, there is no information on the size or market share of these competitors.
It is worth noting that the search results do not provide a comprehensive list of Gold Rush Nugget Bucket’s competitors. There may be other companies in the same industry that offer similar products or services.
Additionally, the search results do not provide information on the competitive landscape of the gold prospecting kit market.
How much does Gold Rush Nugget Bucket cost?
The Gold Rush Nugget Bucket costs $104.99 plus shipping on Amazon.
Does Gold Rush Nugget Bucket really work?
Yes, it really works! It has a patented design.
How much was he seeking in the Shark Tank?
Mark was seeking $60,000 for a 15% stake in his business.
Did Mark secure a deal from the Shark Tank?
Robert Herjavec invested $60,000 for a 25% stake in Gold Rush Nugget Bucket.
Where is Gold Rush Nugget Bucket located?
Gold Rush Nugget Bucket is based in Eugene, Oregon.
When was Gold Rush Nugget Bucket featured on Shark Tank?
Gold Rush Nugget Bucket was featured on Shark Tank Season 6 Episode 19 which aired on February 13th, 2015.
Where can they buy Gold Rush Nugget Bucket?
They can buy it online on Amazon and their website at www.goldrushnuggetbucket.com.
When was Gold Rush Nugget Bucket founded?
Gold Rush Nugget Bucket was founded in 2011.
What are the products made by Gold Rush Nugget Bucket?
The Gold Rush Nugget Bucket is a revolutionary gold panning equipment that makes discovering gold simple and enjoyable for everyone.
Where can they get more information about Gold Rush Nugget Bucket?
They can get more information on their website at www.goldrushnuggetbucket.com and Amazon.com.
What is net worth of Mark Peterson?
Mark Peterson’s net worth is unavailable.
How long does it take to get the kit?
Other shipping timeframes in the continental United States range from overnight to seven days.
Standard USPS and UPS delivery times range from 5 to 7 days to anyplace in the continental United States.
Canada takes 7 to 10 days, while Alaska might take up to 12 days. All other nations require between 10 and 12 days.
All of these are Standard Shipping times.
Where can they use the Gold Rush Nugget Bucket?
They can use it on most public grounds, including the beach, rivers, and lakes, as long as there are no claims placed in public places.
They do recommend all prospectors to contact the local government office that oversees the exact tract of property they wish to exploit and obtain explicit authorization for their desired date, place, and activity.
