Jiggy Shark Tank Net Worth
Jiggy Puzzle, a jigsaw puzzle-creating company, made its mark on Shark Tank in Season 12, episode 22. Founder Kaylin Marcotte sought $500,000 for 5% of her company, and she secured a deal with Mark Cuban for $500,000 for 15% equity.
This appearance on Shark Tank propelled Jiggy Puzzle to success, resulting in a net worth of $4 million as of September 2023.
With annual sales reaching around $1 million, Jiggy Puzzle continues to thrive, thanks in part to the recognition and support it received from Shark Tank and its presence on social media platforms.
Key Takeaways:
- Jiggy Puzzle appeared on Shark Tank in Season 12, episode 22, seeking $500,000 for 5% of the company.
- Founder Kaylin Marcotte secured a deal with Mark Cuban for $500,000 for 15% equity.
- Jiggy Puzzle’s net worth is now estimated to be $4 million.
- The company has annual sales of around $1 million.
- Jiggy Puzzle’s success can be attributed to the attention and support it received from Shark Tank and its presence on social media platforms.
What is Jiggy Puzzle and Who is the Founder?
Jiggy Puzzle is a jigsaw puzzle-creating company based in New York, USA. It was founded by Kaylin Marcotte, a visionary entrepreneur who recognized the stress-relieving benefits of jigsaw puzzles. Inspired by her own experience, Marcotte set out to create a brand that offers unique and high-quality puzzles with an artistic twist.
The company collaborates with both local and international female artists to showcase their original artwork through the puzzles. By supporting these artists, Jiggy Puzzle aims to empower and uplift women in the art industry. Each puzzle is a beautifully designed masterpiece that not only provides entertainment but also serves as a platform for artistic expression.
Jiggy Puzzle’s products can be easily purchased on the company’s official website or through various retailers such as Amazon, Bloomingdales, Nordstrom, and Anthropologie. With a wide range of themes and difficulty levels, Jiggy Puzzle caters to puzzle enthusiasts of all ages and preferences. Additionally, the company donates a portion of its sales to the artists, further championing their talents and contributing to their success.
Key Features of Jiggy Puzzle:
- Collaboration with local and international female artists
- High-quality puzzles with unique and original artwork
- Wide range of themes and difficulty levels
- Availability on official website and popular retailers
- Donation of sales proceeds to support female artists
Through its innovative approach, Jiggy Puzzle has created a brand that not only delivers exceptional puzzles but also makes a meaningful impact in the art community. By combining creativity, entertainment, and support for female artists, Jiggy Puzzle has carved a niche for itself in the puzzle market and continues to inspire puzzle enthusiasts worldwide.
Company Name | Location | Founder | Collaborations |
---|---|---|---|
Jiggy Puzzle | New York, USA | Kaylin Marcotte | Local and international female artists |
Jiggy Puzzle’s Journey in Shark Tank
In their appearance on Shark Tank, Jiggy Puzzle presented a business model centered around empowering female artists and delivering unique puzzles to customers. While not all the sharks saw the potential, Mark Cuban recognized the value of the company and offered a deal of $500,000 for 15% equity. With the support of Cuban, Jiggy Puzzle experienced a significant boost in sales and garnered widespread attention.
The Success After Shark Tank
Following their appearance on Shark Tank, Jiggy Puzzle’s success story continued to unfold. The exposure from the show led to collaborations with prominent retailers like Anthropologie, Bloomingdales, and Amazon. Moreover, the company seized the opportunity to expand their product line and introduced the Jiggy Club subscription service, captivating customers with exclusive monthly puzzles.
Thanks to these strategic moves and the continued support of their loyal fan base, Jiggy Puzzle has maintained an annual revenue of approximately $1 million. As of September 2023, the company’s net worth is estimated at $4 million, which is a testament to their resilience and ingenuity in the jigsaw puzzle market.
Shark | Investment Offered | Equity Stake |
---|---|---|
Mark Cuban | $500,000 | 15% |
Jiggy Puzzle’s Continued Success and Net Worth
Since its appearance on Shark Tank, Jiggy Puzzle has experienced remarkable success and growth. The company’s innovative approach and commitment to supporting female artists have resonated with customers, propelling it to new heights.
After the Shark Tank episode aired, Jiggy Puzzle received widespread recognition and media coverage, with features in popular outlets like Ellen DeGeneres and Forbes. This exposure further fueled the company’s success and helped expand its customer base.
In addition to their existing puzzle offerings, Jiggy Puzzle introduced the Jiggy Club subscription service, which provides customers with exclusive monthly puzzles. This initiative has been well-received, offering puzzle enthusiasts a unique and engaging experience.
As of September 2023, Jiggy Puzzle’s net worth stands at an impressive $4 million. The company’s dedication to creating high-quality puzzles and its ongoing collaborations with retailers like Amazon, Anthropologie, Bloomingdales, and others have contributed to its continued annual revenue of approximately $1 million.
FAQ
How much did Jiggy Puzzle’s net worth increase after appearing on Shark Tank?
Jiggy Puzzle’s net worth increased from $10 million to $4 million after appearing on Shark Tank.
What is Jiggy Puzzle and who is the founder?
Jiggy Puzzle is a jigsaw puzzle-creating company founded by Kaylin Marcotte.
How did Jiggy Puzzle perform in the Shark Tank pitch?
Jiggy Puzzle secured a deal with Mark Cuban for $500,000 for 15% equity in the company.
How has Jiggy Puzzle continued to succeed after Shark Tank?
Jiggy Puzzle has collaborated with retailers like Anthropologie, Bloomingdales, and Amazon and expanded its product line, including the launch of the Jiggy Club subscription service.
What is Jiggy Puzzle’s current net worth?
Jiggy Puzzle’s current net worth is estimated to be $4 million.