Toybox 3D Printer Shark Tank Update Season 10, Episode 15
Toybox 3D Printer Shark Tank Update Season 10, Episode 15 The Toybox 3D Printer has seen remarkable growth since its appearance on Shark Tank. Founders Ben Baltes and Jenn Chin showcased their innovative 3D printer designed specifically for kids, which allows them to create and print their own toys at home. The pitch on Shark…
Toybox 3D Printer Shark Tank Update Season 10, Episode 15
The Toybox 3D Printer has seen remarkable growth since its appearance on Shark Tank. Founders Ben Baltes and Jenn Chin showcased their innovative 3D printer designed specifically for kids, which allows them to create and print their own toys at home.
The pitch on Shark Tank was successful, leading to a deal with Kevin O’Leary for $150,000 in exchange for 13% equity and an additional 2% advisory shares.
Following the show, Toybox Labs leveraged the exposure and investment to scale their operations and reach a broader audience. The company reported surpassing $1 million in revenue shortly after the episode aired.
The product has become popular among families, educators, and tech enthusiasts, as it provides an engaging and educational experience for children.
The company has continued to expand its product offerings and improve the technology behind the Toybox 3D Printer, making it a staple in the growing market of consumer 3D printing.
Which Episode Was Toybox 3D Printer on Shark Tank?
The Toybox 3D Printer was featured on Shark Tank in Season 10, Episode 15. This episode aired Toybox 3D Printer, featured on Shark Tank in Season 10, Episode 15, aired on March 10, 2019. The episode showcased the innovative Toybox Labs, co-founded by Jenn Chin and Ben Baltes, which allows children to design and print their own toys using a user-friendly 3D printer.
The episode quickly became a favorite among viewers, particularly those interested in educational technology and STEM-related products.
The appearance on Shark Tank provided Toybox Labs with significant exposure, leading to increased sales and brand recognition. The deal with Kevin O’Leary helped the company scale its operations and reach a wider audience, contributing to its ongoing success.
Toybox 3D Printer Shark Tank Full Episode; What Happened at Shark Tank Pitch
In the full episode of Shark Tank featuring the Toybox 3D Printer, Ben Baltes and Jenn Chin asked the sharks for $150,000 in exchange for 5% equity in their company, valuing Toybox Labs at $3 million.
Their pitch focused on the unique value proposition of the Toybox 3D Printer—a user-friendly, child-focused 3D printer that allows kids to create and print their own toys.
The founders demonstrated the ease of use and the wide range of toys that could be created using the printer. However, the sharks had concerns about the time it takes to print a toy, with Mark Cuban and Daymond John expressing doubts about children’s attention spans and the potential for frustration. Mark and Daymond eventually decided not to invest, leaving Kevin O’Leary, Lori Greiner, and guest shark Jamie Siminoff in the running.
Kevin O’Leary made an offer of $150,000 for 15% equity, which the founders countered with a request to lower the equity to 13% plus 2% in advisory shares. Kevin accepted the counteroffer, securing the deal. This partnership provided Toybox Labs with both the capital and mentorship needed to grow their business.
What Happened to Toybox 3D Printer After Shark Tank?
After their successful pitch on Shark Tank, Toybox Labs saw a surge in interest and sales. The deal with Kevin O’Leary allowed the company to scale its production, enhance its marketing efforts, and expand its product line.
Toybox Labs continued to innovate, introducing new features and an expanding library of printable toys, which further cemented its position in the 3D printing market.
The company has also focused on building a strong online presence, with products available through their official website and other major online retailers.
Toybox Labs has maintained its commitment to making 3D printing accessible and fun for children, which has helped them grow a loyal customer base.
How Much Is Toybox 3D Printer Worth?
As of the latest reports, Toybox Labs is estimated to be worth between $5 million and $10 million. This valuation reflects the company’s growth in sales, its expanding product line, and its continued presence in the educational technology market.
The company’s ability to scale quickly and its success in reaching a broad audience through strategic partnerships and online sales have contributed to this impressive valuation.
The exact current valuation of Toybox Labs might vary based on recent financial developments and market conditions, but it is clear that the company has significantly increased its worth since its initial valuation of $3 million on Shark Tank.
Is Toybox 3D Printer Still in Business?
Yes, Toybox Labs is still in business and continues to thrive. The company remains committed to making 3D printing accessible and fun for children, offering a unique product that combines creativity with education.
The Toybox 3D printer is priced at $299, which is considered competitive in the market .It is available through their official website and other online retailers, where it continues to receive positive reviews from customers.
The company has also expanded its offerings, including a growing library of downloadable designs and additional accessories that enhance the Toybox experience. Toybox Labs continues to innovate and engage with its audience, ensuring that it remains a leader in the consumer 3D printing market for children.
