In the high-stakes world of Shark Tank, it takes more than a great idea to walk away with a deal. Few entrepreneurs exemplify this better than Jared Joyce, the inventor behind Five Minute Furniture, a tool-free, snap-together furniture system that promised lightning-fast assembly.
When Joyce appeared on Shark Tank Season 3 in 2012, his pitch stood out not just for the product but for his approach. Despite sparking interest from two Sharks, the deal ultimately crumbled.
So, what happened after the show aired? Why didn’t Five Minute Furniture become the next Scrub Daddy or Bombas? And most importantly, what is Five Minute Furniture’s net worth in 2025? Let’s unpack the rise, the fall, and the lessons from this ambitious venture.
Founder Profile: Who’s Behind Five Minute Furniture?
Jared Joyce is more than just a one-product inventor, he’s a serial entrepreneur with a passion for innovation. At the time of his Shark Tank appearance, Joyce had already developed over 80 different inventions and held numerous provisional patents. His goal wasn’t just to launch one product, it was to build a portfolio of marketable innovations.
“I’m not married to any one idea, I’m married to the process of innovation.”
Joyce
Armed with a charismatic pitch style and technical savvy, Joyce envisioned Five Minute Furniture as a revolutionary solution for apartment dwellers, college students, and anyone tired of screwdrivers and instruction manuals. His professional background in industrial design and business helped him bridge creativity and market needs.
Although Jared Joyce’s personal net worth was never publicly disclosed, estimates suggest it hovered around $100,000 to $250,000 at his peak exposure post-Shark Tank. However, that number has since dwindled following the dissolution of Five Minute Furniture.
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The Shark Tank Pitch: High Stakes in the Tank
Five Minute Furniture entered the Shark Tank in Season 3, Episode 4, with a bold proposition. Joyce asked for $250,000 for 25% equity, valuing the pre-revenue company at $1 million.
The furniture was impressive, modular panels that snapped together using a patented joint system. No tools, no screws, no hassle. The idea had real potential.
But while the product was strong, Joyce’s pitch strategy caused friction.
“This is slick. I love it, visibly intrigued. Barbara Corcoran agreed, calling it “the future of assembly.”
Daymond John
Kevin O’Leary grilled him, “How many units have you sold?” The answer? None. The product hadn’t gone to market yet.
Mark Cuban took issue with Joyce’s business model. “You’re asking me to value your entire innovation business on a single product that hasn’t sold yet. That’s not how this works.”
Despite the hesitations, Daymond John and Barbara Corcoran offered a joint deal of $250,000 for 50% equity. But Joyce hesitated.
“I’m not ready to give up that much control,” he replied. The deal fell apart, not due to lack of interest, but because of misaligned expectations on equity and control.
Joyce left the tank without funding, and that moment marked a turning point.
Five Minute Furniture Pitch on Shark Tank (Quick Info Card)
| Product | Furniture line with easy assembly |
| Episode | Season 3 Episode 06 |
| Founder | Jared Joyce |
| Asked for | $250,000 for 25% equity |
| Company name | 5 Minute Furniture |
| Final deal | No deal |
| Sharks | None |
| Location | USA |
What Happened After Shark Tank?
After Shark Tank, the business received media attention, and Joyce continued working on prototypes. However, the product never reached mass production or retail shelves.
He tried to license the furniture to manufacturers, but with no proof of sales and no Shark support, the offers never matured. Over time, the excitement faded, and so did the momentum.
By 2023, Five Minute Furniture had ceased operations entirely.
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Did the Sharks’ Investment Pay Off? Inside Five Minute Furniture’s Post-Tank Boom
Or rather, bust. Since the deal never closed, there was no formal investment. After the episode aired, the company got interest from viewers, but without a distribution deal or manufacturer, there was no path to scale.
Joyce later confirmed:
“It was a great product, but sometimes a great product doesn’t make a great business without the right backing.”
No mass production occurred, and Joyce returned to other inventions. As of 2025, the product is no longer available for purchase.
Was This the Sharks’ Best Deal Yet? Breaking Down the Profits
Because Jared Joyce rejected the offer from Daymond John and Barbara Corcoran, no Shark invested in Five Minute Furniture.
That means the Sharks earned $0 from this pitch. Compared to massive returns from deals like Bombas (over $250 million in sales) and Scrub Daddy (over $300 million in revenue), this was a missed opportunity, or a dodged bullet, depending on perspective.
If Joyce had accepted the offer, the Sharks could have helped secure manufacturing and retail distribution. Instead, the company never launched, and the window of opportunity closed.
Why Is Five Minute Furniture Closed?
There were several reasons behind the closure:
- No deal on Shark Tank meant no funding or mentorship.
- Zero sales at the time of the pitch made it difficult to attract licensing deals.
- A founder unwilling to compromise on equity turned off potential partners.
Ultimately, the company failed to scale because it never moved from prototype to production.
How Much Was Five Minute Furniture Bought For?
The company was never sold. Jared Joyce retained full ownership until the business dissolved. As of 2025, there is no record of acquisition, merger, or sale of intellectual property.
Five Minute Furniture Reviews: What Users Said
While the product was never widely available to the public, some early prototypes were tested at trade shows and innovation expos. Feedback highlighted a few issues:
- Sturdiness concerns: The snap-together joints, while innovative, sometimes felt flimsy under weight.
- Lack of style variety: The design options were minimal compared to mainstream furniture brands.
- No customer service or retail support: Without a full business structure, buyers had nowhere to turn for warranty or support.
Overall, the concept intrigued early reviewers, but concerns about durability and lack of availability hurt its long-term prospects.
What Went Wrong?
- No Proof of Sales: The Sharks, and later potential partners, had no metrics to rely on.
- Overestimated Valuation: A $1 million valuation for a product not in market raised eyebrows.
- Control Issues: Joyce’s refusal to give up equity killed the deal.
- Lack of Manufacturing Plan: Without a clear go-to-market strategy, licensing talks fizzled.
These combined missteps turned a promising innovation into a forgotten pitch.
Five Minute Furniture Net Worth in 2025: Final Verdict
As of 2025, Five Minute Furniture’s net worth is $0. The company is no longer active, the product never launched commercially, and no assets were sold or transferred.
But this story isn’t just about failure. It’s a valuable lesson in timing, flexibility, and the harsh reality of entrepreneurship.
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TL;DR
Five Minute Furniture’s net worth is $0 in 2025 after the company shut down post-Shark Tank. Jared Joyce walked away from a $250K deal, and the product never reached mass production.
