Magic Moments, Customizable chocolate and custom corporate gifts, was started by Joe Dauenhauer in 2006. Magic Moments’ net worth was $2.5 million at the time of their pitch in 2013 based on the $500,000 offer for an 20% of equity of the company.
They appeared on season 05 of Shark Tank USA in 2013. But the Sharks were not interested in investing in Magic Moments. After concerning intellectual property rights, the convenience of the app and the valuation all sharks rejected this business.
Magic Moments is no longer in business. The company shut down in 2015. There are a few possible reasons for this. First, the company faced competition from other print-on-demand companies, such as Cafepress and Redbubble. Second, the company may have had difficulty protecting intellectual property rights, as the Sharks pointed out. Third, the company may have struggled to generate enough revenue to be sustainable.
Magic Moments Net Worth
|Net worth||$2.5 million (2013)|
|Annual Sales Revenue||–|
Magic Moments Net Worth Timeline
|Net Worth 2023||–|
|Net Worth 2022||–|
|Net worth valuation 2013 after appearing on Shark Tank||$2.5 million|
|Net worth valuation 2013 before appearing on Shark Tank||$2.5 million|
Magic Moments Pitch on Shark Tank
|Company name||Magic Moments|
|Product||Customizable chocolate and custom corporate gifts|
|Episode||Season 05 Episode 09|
|Asked for||$500,000 for 20% Equity|
Don’t miss these product from Season 05
Magic Moments Founder
Magic Moments was founded by Joe Dauenhauer in 2006. The Networth of Magic Moments’s founder, Joe Dauenhauer, is unknown as of 2023.
|2013||Appeared on Shark Tank season 05|
Some companies that appear on the show have not achieved great success, and the Magic Moments was one of them. Sometimes businesses don’t succeed because of many reasons. Sometimes, the deal falls through after the founders say yes on camera. Or, as you’ll see, sometimes things happen to the founders themselves, and they choose to abandon the business. Anything is possible. However, Magic Moments went out of business in 2015. And the product is no longer available in the market.