Sliimeyhoney Shark Tank Net Worth-What Happened After Shark Tank?
What Is Sliimeyhoney? Who Founded Sliimeyhoney?
Sliimeyhoney is a slime manufacturing company that offers non-edible, food-scented slimes. The company was founded by Mark Lin, who pitched Sliimeyhoney on ABC’s Shark Tank in December 2022.
Lin started making slime himself and hired 11 friends to help package and ship it. In his first year, he sold $50,000 worth of product, which increased to $580,000 the following year.
Today, Sliimeyhoney sells its products for $10 to $16 per six-ounce container and has brought in at least $1.2 million since 2020.
Lin is a first-year pre-business economics student at UCLA. He initially publicized his business at school when he launched Sliimeyhoney but gained more attention after posting videos on TikTok.
The company’s TikTok account has over 933,000 followers and is its main source of marketing. Every Saturday, Sliimeyhoney releases new slimes that consistently sell out.
Lin asked for $150,000 in exchange for 10% of his company on Shark Tank. His goal was to move Sliimeyhoney from his garage into a full-fledged warehouse and gain a mentor to help him run the business while he’s in school.
What Happened To Sliimeyhoney At Shark Tank?
Mark presented his company, Sliimey Honey, on Shark Tank and asked for $150k in exchange for a 10% stake in the business. He explained the product in simple terms and mentioned that his slime smells like food.
Mark has over 100 different types of slime available for purchase on his online store, which his mother helps him pack throughout the night.
Additionally, Mark has employed 11 of his high school friends who help him package and ship the products from Monday to Friday.
The company’s lifetime sales total $1.2 million, an impressive feat for a 17-year-old entrepreneur. In 2020, Sliimey Honey generated $50,000 in sales and made a profit of $13,000. D
uring the pitch, Kevin expressed concern about the safety of the product, to which Mark confirmed that it is not edible and could be dangerous if ingested.
During the pitch, Mark Lin received two offers from the Sharks.
He negotiated the equity percentage down to 20% and accepted a deal with Daymond John for $150,000 in exchange for 20% of his company’s equity.
Since then, Sliimeyhoney has seen a huge boost in sales due to the publicity from Shark Tank.
As of March 2023, Sliimeyhoney is worth an estimated $750,000 and has made over $1.2 million in lifetime sales. Mark is expecting to receive further mentorship from Daymond John as part of the deal.
Table: Sliimeyhoney Shark Tank Summary
| TOPIC | INFORMATION |
| Company Name | Sliimeyhoney |
| Founder | Mark Lin |
| Business | Slime manufacturing company offering non-edible, food-scented slimes |
| Year Founded | 2018 |
| Sales | $50,000 in the first year, $580,000 in the second year, at least $1.2 million since 2020 |
| Product Price | $10 to $16 per six-ounce container |
| Marketing | TikTok account with more than 933,000 followers; every Saturday announces new product drops that consistently sell out |
| Shark Tank Pitch | Asked for $150,000 in exchange for 10% equity |
| Sharks’ Offers | Kevin O’Leary and Daymond John both made offers |
| Deal Accepted | $150,000 for 20% equity with Daymond John |
| Company Valuation | $750,000 after the Shark Tank deal was finalized |
| Post-Shark Tank | Slimeyhoney continued to grow its following on TikTok and set a new annual sales record by the end of 2022 |
| Current Net Worth | Estimated around $500,000 USD as of February 2023 |
| Status | Sliimeyhoney is still in business as of February 2023 |
What Happened To Sliimeyhoney After Shark Tank?
Since appearing on Shark Tank, Mark Lin’s company Slimeyhoney has continued to grow its following on Tiktok and set a new annual sales record by the end of 2022.
The company finalized a deal with Daymond John in Shark Tank at a valuation of $750k. As of February 2023, Slimeyhoney is still in business and expecting to receive a huge boost in sales from the publicity.
The deal with Daymond John was finalized in December 2022 for $150,000 for 20% equity. Since then, Slimeyhoney has been worth an estimated $750,000 and is expected to make over $600,000 in sales for 2022.
Sliimeyhoney Shark Tank Net Worth
Mark Lin, the founder of Sliimeyhoney, appeared on Shark Tank America in December 2022 and secured a deal with Sharks Kevin O’Leary and Daymond John for $150,000 in exchange for 20% of his company.
The company was valued at $750,000 after the deal was finalized. As of February 2023, Sliimeyhoney is still in business and has an estimated net worth of around $500,000 USD.
Sliimeyhoney sells non-edible, food-scented slime in flavors like banana milk, hot chocolate, and birthday cake batter for $10 to $16 per six-ounce container.
The company was profitable almost from its inception despite being run by a high school student at the time.
In his first year, Lin made the slime himself, hired 11 friends to help package and ship it, and sold $50,000 worth of product. The next year that number became $580,000.
Since appearing on Shark Tank America in December 2022, Sliimeyhoney has experienced tremendous growth and success.
Is Sliimeyhoney Still In Business?
Yes, Sliimey Honey is still in business as of February 2023. Mark Lin is the owner of the company, which he started in 2018 when he was a teenager.
The company sells non-edible, food-scented slime in flavors like banana milk, hot chocolate, and birthday cake batter for $10 to $16 per six-ounce container.
Sliimey Honey has brought in at least $1.2 million since 2020 and was profitable almost from its inception despite being run by a high school student at the time.
Sliimey Honey’s main source of marketing is its TikTok account, which has more than 933,000 followers. Each Saturday, it announces new product drops that consistently sell out.
The company’s slimes are made from glue, borax, and other ingredients and come with some borax to rejuvenate the slime. Most slimes cost between $11 and $14 and are only available through the company website.
Sliimeyhoney Shark Tank Updates
Sliimeyhoney is a company that creates non-edible slime that looks and smells like real food. The founder, Mark Lin, appeared on Shark Tank in December 2022 seeking $150,000 for 10% equity in his business. During the show, Lin revealed that his lifetime sales were in excess of $1.2 million.
Kevin O’Leary offered $150,000 for 30% equity, but Lin did not accept the offer. Daymond John tweeted on the night of the show that he was impressed with Lin and his product.
After appearing on Shark Tank, Sliimeyhoney sold out within days of its episode airing. The company already had a robust social media following prior to its appearance on the show, with 900,000 TikTok followers.
The Shark Tank appearance gave Sliimeyhoney the extra push to sell out of all its merchandise. As of April 2023, there is no further update on Sliimeyhoney’s progress after appearing on Shark Tank.
What Is Sliimeyhoney?
Sliimeyhoney is a company that sells non-edible, food-scented slims. The slime comes in flavors like banana milk, hot chocolate, and birthday cake batter and is sold in six-ounce containers for $10 to $16.
The company was founded by Mark Lin, a high school student who made the slime himself and hired 11 friends to help package and ship it. Sliimeyhoney was profitable almost from its inception, selling $50,000 worth of product in its first year and $580,000 in its second year.
Sliimeyhoney appeared on the television show Shark Tank, where all five Sharks were impressed with the company’s sales and profitability. Lin initially asked for $100,000 for 10% of the company, but the Sharks declined, saying that the valuation was too high.
Lin then made a counteroffer of $300,000 for 25% of the company, which was also declined by two of the Sharks. Mark Cuban encouraged Lin to “stick to his guns,” and Lin made another offer of $200,000 for 20% of the company, which was accepted by Cuban.
Sliimeyhoney’s website sells its slimes every Saturday at 11am PST. The website features a collection of the company’s fan-favorite slimes and Mark’s top choices. One of the slimes, Mixed Berry Yogurt, is currently sold out.
How Does Sliimeyhoney Shark Tank Work?
Sliimeyhoney is a company that sells non-edible, food-scented slime. The slimes are made from glue, borax, and essential oils, and come in dozens of varieties with different textures.
The founder of Sliimeyhoney, Mark Lin, appeared on Shark Tank seeking $150,000 for 10% equity in his business. Lin had already made $1.2 million in sales before appearing on the show, but wanted an investor to mentor him.
All five Sharks were impressed with Lin’s company, which was profitable almost from its inception despite being run by a high school student at the time. Lin made the slime himself, hired 11 friends to help package and ship it, and sold $50,000 worth of product in his first year
During the pitch, Lin agreed to stick with $150,000 for 20% equity after John suggested that he stick with the original offer. Both Sharks accepted, and Lin decided to make a deal with John after watching O’Leary struggle to get the slime unstuck from his hands during the initial pitch.
The Shark Tank appearance gave Sliimeyhoney the extra push to sell out of all its merchandise. On December 8, six days after the episode aired, the Sliimeyhoney Instagram account posted that they were out of stock.
How Has Sliimeyhoney Since Appearing On Shark Tank?
Mark Lin, the founder of Sliimeyhoney, appeared on Shark Tank Season 14 and made a deal with Daymond John for $150,000 for 20% equity. Since appearing on Shark Tank, Sliimeyhoney has experienced tremendous growth and success.
They have secured additional funding and partnerships, leading to an estimated net worth of $500,000 USD as of 2023. Mark Lin has a net worth of $300,000 USD as of 2023.
Sliimeyhoney is a company that develops non-edible slime that looks and smells like real food. Mark Lin started the sale of his slime through Etsy and got a very good response.
To grow the business, he appeared on Shark Tank Season 14 Episode 8 and asked the sharks for $150,000 for a 10% equity at a $1.5 million valuation. All five sharks were impressed, and Mark made a deal with Daymond John for $150,000 for 20% equity.
Since appearing on Shark Tank, Sliimeyhoney has sold out all of its products within 8 days of the episode airing. Mark Lin has continued to grow the business, with sales of $580,000 in 2021 and a profit of $150,000.
He gets a margin of 70% in each product. Sliimeyhoney has proven that with the right idea and execution, anything is possible.
What Is The Current Valuation Of Sliimeyhoney After Shark Tank?
The current valuation of Sliimeyhoney after Shark Tank is estimated to be around $750,000. Mark Lin, the founder of Sliimeyhoney, appeared on Shark Tank in December 2022 and secured a deal with Sharks Kevin O’Leary and Daymond John for $150,000 in exchange for 20% of his company.
Daymond John took a 20% stake in the company by investing $150,000. The deal valued the business at $750,000.
Since appearing on Shark Tank, Sliimeyhoney has experienced tremendous growth and success. Within 8 days of the episode airing, all the products on the website were sold out.
As of March 2023, Sliimeyhoney has made over $1.2 million in lifetime sales. The company is still in business and has an estimated net worth of around $500,000 to $750,000.
