Bear Minimum, camping cookware, was started by Heidi Santiago and Cory Santiago in July 2016. As of August 2023, Bear Minimum’s net worth is $700,000 and they’re pulling in a whopping $80,000 in annual revenue.
On October 7, 2018, they appeared on Season 10 of Shark Tank USA and made a deal with Jamie Siminoff, for $100,000 for 25% equity. The final valuation was $400,000, down from the founder’s initial estimate of $500,000.
Bear Minimum is still in business and selling products via its website.
Bear Minimum Net Worth
| Net worth | $700,000 |
| Annual Sales Revenue | $80,000 |
| Profits | – |
| Shark Tank Investor | Jamie Siminoff |
| Founders | Heidi Santiago and Cory Santiago |
Bear Minimum Net Worth Timeline
| Net Worth 2023 | $700,000 |
| Net Worth 2022 | $600,000 |
| Net Worth 2021 | $550,000 |
| Net Worth 2020 | $500,000 |
| Net Worth valuation 2018 after appearing on Shark Tank | $400,000 |
| Net worth valuation 2018 before appearing on Shark Tank | $500,000 |
Bear Minimum Pitch on Shark Tank
| Company name | Bear Minimum |
| Product | Camping Cookware |
| Episode | Season 10 Episode 01 |
| Founders | Heidi Santiago and Cory Santiago |
| Asked for | $100,000 for 20% equity |
| Final deal | $100,000 for 25% equity |
| Shark | Jamie Siminoff |
| Location | Hanover, Massachusetts |
Don’t miss this product from Season 10
Bear Minimum Founders
Bear Minimum was founded by Heidi Santiago and Cory Santiago in 2016. Heidi Santiago is a former nurse and stay-at-home mom. Cory Santiago is a former software engineer and entrepreneur. Bear Minimum’s founders, Heidi Santiago and Cory Santiago, have a net worth of USD 700,000 as of 2023.
Key accomplishments:
| Year | Accomplishment |
| 2023 | Being featured in publications such as Backpacker and Outside Magazine. |
| 2020 | Bear Minimum experienced significant sales growth. They marketed and sold over 2,000 units in just two months |
| 2018 | Successful Appearance on Shark Tank: Bear Minimum appeared on Shark Tank in Season 10 and secured a deal with the Sharks |
Conclusion:
From their beginnings on Shark Tank to their current status as a thriving business, they have proven that with the right idea and execution, anything is possible. We can’t wait to see the future for Bear Minimum and its continued success.