Lil Advents Shark Tank Net Worth-What Happened After Shark Tank?
What is Lil Advents Shark Tank Net Worth in 2023?
Lil ADVENTS had a net worth of 2 million USD before appearing on Shark Tank, but as of 2022, the founders Mindy and Brandon Wright have a net worth of 200,000 USD.
Another source also mentions that Lil ADVENTS had an approximate net worth of 2 million USD before appearing on Shark Tank.
However, they did not get a deal from any of the sharks despite having made $320k in sales to date. Lil Advents walked away without a deal despite asking for $300,000 for 15% equity in their company.
In summary, Lil ADVENTS had an estimated net worth of 2 million USD before appearing on Shark Tank but did not receive any investment from the sharks. As of 2022, the founders’ net worth is reported to be around 200,000 USD.
What Is Lil Advents? Who Founded Lil Advents?
Lil Advents is a potty training reward system that includes an advent calendar and themed wood blocks. The system encourages children to make successful deposits in the toilet by rewarding them with a block for each successful deposit.
The company was founded by Mindy and Brandon Wright, who appeared on Shark Tank seeking a $300,000 investment for 15% equity in their business. Lil Advents had year-to-date sales of $320,000 at the time of their appearance on Shark Tank.
The Lil Advents system is designed to make potty training more fun and engaging for children. The advent calendar format allows children to collect themed wood blocks as rewards for successful toilet use.
The blocks are hidden behind doors in the calendar, adding an element of surprise and excitement to the process.
Mindy and Brandon Wright created Lil Advents after experiencing difficulty with potty training their own children.
They previously launched an $8 million business selling products on Amazon but decided to create their own product when their sales declined due to increased competition from Amazon Basics.
Although they did not receive an investment from any of the Sharks on Shark Tank, Lil Advents continues to sell its potty training reward system online through retailers such as Amazon and Walmart.
What Happened To Lil Advents At Shark Tank?
During their pitch on Shark Tank, Mindy, and Brandon Wright asked for $300,000 for 15% equity in their business, Lil Advents, valuing the company at $2 million.
The product was a potty training chart and advent game called Potty Time ADVENTures that featured various options, progressive difficulty, and a short potty training curve for most kids.
Although the pitch led to some impressive numbers with $320,000 in year-to-date sales, none of the sharks made an offer.
Lori Greiner followed because the product lacked mass market appeal she appreciated, and Robert Herjavec couldn’t get to the point where he’d want to invest. As a result, Lil Advents left the tank without a deal.
What Happened To Lil Advents After Shark Tank?
Lil Advents appeared on Shark Tank Season 13, pitching their potty training chart and advent game. The product was created by Mindy and Brandon Wright, who struggled with potty training their daughter Ruby.
Lil Advents’ Potty Time ADVENTures featured various options, progressive difficulty, and a short potty training curve for most kids. Despite impressive year-to-date sales of $320,000, Lil Advents left the tank without a deal.
As of March 2023, there is no recent update on what happened to Lil Advents after Shark Tank. The company’s website is still active and selling its product.
However, it is unclear if they received any investment or made significant progress since appearing on the show.
Is Lil Advents Still In Business?
Yes, Lil Advent is still in business and makes sales through its website and Amazon. The product has received fantastic reviews on all social media platforms, won numerous awards, and has less competition in the market.
Despite not being able to land a Shark Tank deal, Lil Advent has managed to make a great name in the market through the fame that its product was able to get
The updated article mentions that the company had $320,000 in year-to-date sales at the time of its appearance on the show.