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 | – |
| Founders | Mike Quinn |
| Employees | 20 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 name | Buffer Bit |
| Product | Polishing drill bit |
| Episode | Season 05 Episode 19 |
| Founder | Mike Quinn |
| Asked for | $75,000 in exchange for 25% equity |
| Final deal | No deal |
| Sharks | None |
| Location | USA |
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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
| Year | Accomplishment |
| 2020 | Buffer Bit is popular for its durable and long-lasting performability |
| 2014 | Buffer 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.
