M3 Girl Designs Shark Tank Net Worth 2023
M3 Girl Designs Shark Tank Net Worth
It is not possible to accurately answer the question regarding M3 Girl Designs’ net worth in 2023 as the company shut down in 2015.
M3 Girl Designs was founded by Maddie Bradshaw when she was 10 years old and began making bottle cap magnets for her school locker.
The business quickly grew to include a jewelry line featuring Snap Caps, which were sold in over 1,000 stores and had a massive online fanbase.
In 2011, M3 Girl Designs had total sales of $1 million. During the five years before it shut down, the company made around $6 million in sales with $1.6 million coming from the last year alone.
When Maddie and her family appeared on Shark Tank in 2013, they asked for a $300k investment for 15% of their company which was valued at $1 million at that time.
The Sharks offered them a deal of $300k for 30% equity with Lori Greiner partnering with Mr. Wonderful to offer 40% equity if she mentored Maddie.
However, this deal was never finalized as M3 Girl Designs closed down two years later due to lawsuits and other issues.
What is M3 Girl Designs? Who is the founder of M3 Girl Designs?
M3 Girl Designs is a jewelry company that creates accessories for females spanning across a wide age range of 8 to 80 years old.
The company originated from the unique concept of “Snap Caps,” which are magnets made from bottle caps. The name “Snap Caps” was inspired by the sound they make when snapped onto metal surfaces.
The idea for Snap Caps came from Maddie Bradshaw, who was just 10 years old at the time. Maddie had a creative spark and desired to stand out from the crowd, so she decided to customize her school locker with her own designs.
She made her own bottle cap magnets by drawing patterns on them and attaching magnets to the back.
Maddie’s friends were impressed with her creations and Snap Caps became a hit among her classmates. Maddie’s mother, Diane Bradshaw, and sister, Margot, recognized the potential of the concept and decided to turn it into a business.
They took the Snap Caps to a toy store in Dallas and sold out within two hours of displaying them. Maddie pursued higher education after M3 Girl Designs ceased operations.
She obtained a Bachelor’s degree in Science and Technology from Stanford University and later completed a Master’s degree in Education from Harvard. Maddie now teaches technology at primary and high schools.
Maddie’s entrepreneurial spirit and creative flair as a young student led to the establishment of Snap Caps by M3 Girl Designs. Her family’s support and recognition of her idea allowed the business to thrive and become successful.
M3 Girl Designs Shark Tank Pitch
Maddie’s younger sister, Margot, and mother, Diane, opted to pitch their company, M3 Girl Designs, to investors on Shark Tank during season 3 episode 5, with the intention of scaling their business.
The trio requested $300,000 for a 15% stake in their company, which was valued at $2 million.
The Sharks were impressed with their story, as M3 Girl Designs was already being sold in over 1,000 retailers and had accumulated $5 million in sales over the previous five years, including $1.1 million in 2011.
Kevin O’Leary and Lori Greiner both expressed interest, with Kevin offering $300,000 for a 30% ownership stake and Lori proposing a partnership with Kevin for 40% equity in exchange for mentoring Maddie.
During the negotiations, Daymond John bowed out, believing that other Sharks would be a better fit for the company, while Mark Cuban expressed interest in a 30% equity share deal with Lori Greiner.
Kevin O’Leary teamed up with Robert Herjavec, and the two offered $300,000 for a 30% stake, but ultimately Maddie, Margot, and Diane made a deal with three Sharks, including Lori Greiner, Mark Cuban, and Robert Herjavec, for a $300,000 investment in exchange for 30% equity in the firm.
During the negotiations, Margot made a bold move, insisting that the deal must include Dallas Mavericks season tickets, which Mark Cuban countered with unlimited access to his luxurious apartment.
Although the deal was not completed after the program aired, M3 Girl Designs continued to expand and employed 10-12 sales representatives, while Maddie also authored a book called “Maddie Bradshaw’s You Can Start a Business, Too!”.
Despite her success, Maddie faced legal challenges, with M3 Girl Designs involved in at least three trademark infringement lawsuits, both as a plaintiff and defendant, with none of the decisions favoring the company.
Maddie eventually closed the business in 2015 to attend Stanford University, having amassed $5.2 million in lifetime sales.
In 2019, Maddie earned a Masters of Education from Harvard and is currently employed as an instructional technology coach at The Wildwood School, a private K-12 prep school in Los Angeles, as of 2021.
Net Worth of M3 Girl Designs
The company was valued at $2 million during the pitch, since the company operated for a very short time and closed its door. The net worth of the company is unknown.
M3 Girl Designs FAQs
What is M3 Girl Designs?
M3 Girl Designs is a jewelry firm that caters to females aged 8 to 80 years. They fashioned their own magnets out of bottle caps, and when her friends saw them, they came up with the name Snap Caps.
Who is the founder?
Maddie Bradshaw founded Snap Caps by M3 Girl Designs, which she co-founded with her mother Diane Bradshaw and sister Margot.
How much were asking on Shark Tank?
They were seeking for $300,000 for 15% share of the company. The company was valued at $2 million.
Did they have the deal?
Yes, they got the deal from Lori Greiner, Mark Cuban and Robert Herjavec.
How much was the deal?
They were offered $300,000 for 30% equity stake of the company. The deal with M3 Girl Designs was not completed after the program was aired, possibly owing to litigation unrelated to Shark Tank.
Is M3 Girl Designs still in business?
Nope, they closed the business in 2015 to attend Stanford University.
How can I contact M3 Girl Designs?
They are no longer in business. But one can reach Maddie Bradshaw at Facebook or twitter.
What is the net worth of M3 Girl Designs?
The net worth of M3 Girl Designs is unknown at this time. The company was valued at $2 million during the pitch, since they had only been around a short time and closed up shop in 2015.
Was M3 Girl Designs good investment?
No, it was not an investment and was not worth investing in. The company closed up shop in 2015 to attend Stanford University.
Is any plan for M3 Girl Designs to resume?
No, it seems that the business is no longer in operation.
Is M3 Girl Designs a scam?
No, they are not a scam. They were vetted by the Sharks enough to know that they were legitimate. Also, it was a legitimate business venture. The fact that it closed down does not mean it was a scam.
Was M3 Girl Designs profitable?
No, it was not a profitable venture. They had no profit and were never able to deliver product.
Won’t anyone sue them if Mark Cuban invests?
It’s unknown whether there were any lawsuits brought against them by shark tank investors for counterfeiting or some kind of violations such as trademark infringement.
Was M3 Girl Designs accepting PayPal?
Yes, the product was available on their website and they accepted purchase orders by PayPal.
Was M3 Girl Designs’ booking a success?
No, it was not. On Amazon, the reviews of the book were below 2 stars.
What is the net worth of Maddie Bradshaw?
The net worth of Maddie Bradshaw is unknown, but she apparently has a Master’s degree and will be teaching technical subjects at a private school in Los Angeles.