After the popular ABC show Shark Tank aired in January of 2016, the Jiggy Puzzles team was left with a lot of questions. The judges didn’t give them a deal, so what happened next? In this blog post, we’ll answer some of the most common questions about what happened to Jiggy Puzzles after Shark Tank. We’ll also provide some tips on how you can improve your chances of getting a deal from the Sharks!
What Is Jiggy Puzzles?
She aims to ensure that students are able to continue to enjoy puzzles by presenting a wide range of themes and different-sized puzzles to choose from.
Kaylin Marcotte has been putting puzzles together since she was a little child. She was brought up in the Midwest, where she discovered her love of puzzles and got the idea to design her own when she was an adult.
When she eventually decided to start monetizing them, she did so by listing them for sale on several online marketplaces, including eBay and Amazon.
In 2009, when everything took place, Kaylin had just recently completed her studies at the university.
A buyer had already been found for Kaylin’s first puzzle less than two hours after she had posted it on the internet. She was urged to develop her puzzle firm to accommodate the demand from clients for alternatives to regular food. This need was because puzzles were becoming more popular.
She has even greater ambitions for their future. She has applied for Shark Tank since she is looking to grow her company and increase her workforce.
Jiggy Puzzles combine a traditional puzzle and a video game; they consist of bricks that may be assembled in various designs and come with hints on how to do so. [1] [2]
Jiggly Puzzles at the Pitch
Kaylin anticipated that she would get $ 500,000 in exchange for 5% of the company’s shares. She proudly discusses her business and its social mission. Her sales since 2019 have amounted to a whopping amount of $ 2.25 million, with absolutely no debt! Before her appearance on Shark Tank, Marcotte claimed to have sold over 30,000 of her puzzles online through Etsy and other places. The Sharks are left amazed at this rapid growth due to the COVID-19 pandemic but still remain slightly skeptical about whether or not these numbers will be sustainable going forward – they need help managing it all such that success is maintained beyond 2021 as well.
With Robert and Daniel out of the picture, Kevin steps in with an attractive offer – $ 100,000 for 15% plus a loan of $ 400,000 at 10% interest. Undeterred by this proposal, Kaylin turns her attention to Mark whose enthusiasm towards investing is palpable; when she inquires as to what percentage he would be comfortable with taking on his investment, Mark says that fifteen percent will do just fine.
Knowing how much money the company doesn’t need right now, Daniel advises Kaylin to take up Mark’s generous offer and put it straight into her pocket. Despite being enticed by such terms though, Kaylin isn’t willing to surrender fifteen percent ownership just yet until – after making one final request from Mark if they both agree to part ways- whether or not he’d match fifty thousand dollars worth of charitable donations should this deal go through. To which Mark happily agrees! [2]
Jiggy Puzzles After Shark Tank
It goes without saying that Kaylin Marcotte’s Jiggy Puzzles became famous after her episode aired.
However, many are curious about what became of Jiggy Puzzles after Shark Tank, as she is no longer selling them via that platform or any other retail outlet. The deal between Mark and Jiggy Puzzles has never come to fruition as Kaylin did not want to part with the equity.
Even though she might earn more money elsewhere, Kaylin Marcotte still sells Jiggy Puzzles at her own business. The annual sales report indicates that Jiggy Puzzles earned $ 4.0 million. In 2023, Jiggy Puzzles is still operating well.
Jiggy Puzzles is committed to developing unique jigsaw puzzles and patterns. The company has recently introduced a subscription service known as Jiggy Puzzle Club.
Members not only get access to exclusive information but also to a closed-door community where they can interact with one another and are the first to learn about new products and special offers. In 2021, the annual sales of Jiggy Puzzles were getting close to $ 4 million.
Jiggy puzzles can be purchased online directly through the website or through various retail stores. Furthermore, Kaylin Marcotte is passionate about giving back to the community and has donated puzzles to children in need. [2]
Jiggy Puzzles Net Worth
The company has since then experienced steady growth and increased its reach with an impressive following on social media, a subscription service, and partnerships with various retailers. The brand remains popular amongst parents who are searching for innovative and stimulating toys for their children.
Overall, the success of Jiggy Puzzles has been quite remarkable considering that it started out as a small business venture in 2020. With continued growth and expansion, there’s no doubt that the company will continue to experience even more prosperity in the future.
FAQ
How is Jiggy Puzzles doing now?
Since appearing on Shark Tank, Jiggy Puzzles has continued to experience success. With investment from Mark Cuban and Barbara Corcoran, the company continues to innovate and expand its product offerings.
Jiggy Puzzles has been able to increase its production capacities, develop new product lines, and reach new markets with its innovative puzzles. The company now produces a variety of different jigsaw puzzles ranging from traditional 1000-piece puzzles to intricate designs that take several days or even weeks to complete.
In addition, Jiggy Puzzles offers custom puzzle products where customers can work with the company’s design team to create customized puzzles featuring their own artwork or photographs. These custom creations are popular with customers who are looking for unique gifts for special occasions like weddings or birthdays.
Did Mark Cuban invest in Jiggy Puzzles?
Yes! Mark Cuban invested in Jiggy Puzzles on Shark Tank. The company pitched its puzzle business to the Sharks during Season 10, Episode 6 of ABC’s hit show. On the episode, founder and CEO Ryan Miller walked out of the Tank with a $ 500 million dollar at 15% equity stake.
This investment has helped Jiggy Puzzles grow its business and expand its product offering. After the airing of the episode, the company went on to launch a new line of puzzles that includes jigsaw puzzles, 3D puzzles, and brain teasers. Additionally, they have been able to significantly expand their distribution channels in major retailers such as Target, Walmart, Toys-R-Us, and many more international stores.
Mark Cuban’s investment has also enabled them to build out a strong team that has helped them create unique designs and innovate within the puzzle industry. To date, Jiggy Puzzles continues to be an industry leader with millions of customers enjoying its products every year.
Who owns Jiggy Puzzles?
Kaylin Marcotte is the founder and CEO of Jiggy Puzzles. She created Jiggy Puzzles in 2016 with a mission to make puzzles more accessible, interesting, and diverse. After appearing on Shark Tank, Marcotte has continued to work with Puzzlemaster Kavon Fabiani to create original jigsaw designs that are both challenging and entertaining.
Who is the CEO of Jiggy Shark Tank?
Kaylin Marcotte is the CEO of Jiggy Puzzles after appearing on Shark Tank in 2019. She was the founder and CEO before appearing on the show, and she continues to lead the company today.
The success of Jiggy Puzzles’ appearance on Shark Tank has been credited to Kaylin’s passionate and driven personality, as well as her clear vision for the company. She was able to effectively communicate her concept and product to the Sharks, which helped secure a deal with the sharks.
Useful Video: The Sharks Get Jiggy With Puzzles | Shark Tank US
Conclusion
Kaylin Marcotte has created something incredible with Jiggy Puzzles. The company has become a popular choice for puzzle lovers who want something unique and engaging, regardless of their age or skill level. After appearing on Shark Tank, the business continued to grow and expand its product line. Kaylin put her efforts into marketing, expanding her reach beyond her original target market. She also expanded the products offered by the company, adding several new puzzles and accessories that have made them even more popular around the world.
Jiggy Puzzles currently offers over 30 different puzzle designs, with each one being carefully crafted to create an enjoyable experience for all puzzle fans. They now work with major retailers like Target and Walmart to bring their creative puzzles to a wider audience. The company’s success is thanks to Kaylin’s hard work and dedication. She has been able to turn her passion into a successful business that continues to bring joy and challenge to puzzle lovers everywhere.
Thanks for reading! We hope this article has been a useful guide to understanding what happened after Shark Tank for Jiggy Puzzles. Whether you’re an avid puzzle fan or just getting started, we’re certain that Kaylin and her team have created something special with their high-quality puzzles. Be sure to check out the full selection of Jiggy Puzzles today!
Happy puzzling!
References:
- https://www.sharktankblog.com/business/jiggy/
- https://www.sharktankblog.com/jiggy-jigsaw-puzzles-puzzle-art/
- https://www.instagram.com/jiggypuzzles/?hl=en
- https://seoaves.com/jiggy-puzzles-after-shark-tank/