Buffer Bit Net Worth 2023 Update (Before & After Shark Tank)

Shark-Tank-US-Net-worth-Update-s05e19Buffer-Bit

Buffer Bit, a Polishing drill bit, was started by Mike Quinn in 2010. As of October 2023, Buffer Bit’s net worth is $300,000 and they’re pulling in a whopping $1 Million in annual revenue.

On March 7, 2014, they appeared on Season 5 of Shark Tank USA seeking $75,000 in exchange for 25% equity. valuing the company at $300,000. However, the Sharks were not interested in investing in Buffer Bit. sharks were interested in the product but sharks were not interested in investing in the company.

Buffer Bit is still in business. Their products are available on the website.

Buffer Bit Net Worth

Net worth$300,000 (Business Valuation)
Annual Sales Revenue$7 million (2023)
Profits
Lifetime sales
Investor
FoundersMike Quinn
Employees20 to 40

Buffer Bit Net Worth Timeline

Net Worth 2023$300,000
Net Worth 2022$250,000
Net Worth 2021$200,000
Net Worth 2020$150,000
Net worth valuation in 2014 after appearing on Shark Tank  
Net worth valuation in 2014 before appearing on Shark Tank  $300,000

Buffer Bit Pitch on Shark Tank

Company nameBuffer Bit
ProductPolishing drill bit
EpisodeSeason 05 Episode 19
FounderMike Quinn
Asked for$75,000 in exchange for 25% equity
Final dealNo deal
SharksNone
LocationUSA

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Buffer Bit Founder

Buffer Bit was founded by Mike Quinn in 2010. Unfortunately, the founder’s information is publicly unknown. Buffer Bit’s founder, Mike Quinn, has a net worth of USD 300,000 as of 2023.

Key accomplishments

YearAccomplishment
2020Buffer Bit is popular for its durable and long-lasting performability
2014Buffer Bit appeared on Shark Tank

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 of Buffer Bit and its continued success.