MC Squares, founded by Anthony Franco in 2013, revolutionized office products with reusable dry-erase tools aimed at reducing paper waste.
After appearing on Shark Tank in 2020, the company secured a $50,000 investment from Kevin O’Leary for 11% equity. Following the show, MC Squares saw rapid growth, expanding its product range and revenue.
However, scaling too quickly led to financial difficulties, and in December 2023, the company filed for Chapter 11 bankruptcy, citing $3.3 million in debt. Despite this, their products remain available on platforms like Amazon.
MC Squares Net Worth
Estimated Net worth | $1.2 million (2020) Business Valuation |
Annual Sales Revenue | Not available |
Lifetime sales | $4 million |
Investor | Kevin O’Leary |
Founder | Anthony Franco |
Employees | 13 employees |
MC Squares Pitch on Shark Tank
Company name | MC Squares |
Product | Modular dry-erase products to replace sticky notes |
Episode | Season 11 Episode 23 |
Founder | Anthony Franco |
Asked for | $300,000 for 10% equity |
Final deal | $300,000 for 25% equity |
Shark | Kevin O’Leary |
Location | Thornton, United States |
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MC Squares Founder
MC Squares was founded by Anthony Franco in 2013. He’s the CEO of M.C. Squares. Before, he started Effective, a big Denver firm specializing in user experience and digital product development. He’s held leadership roles in various areas like creative direction, film post-production, tech architecture, marketing automation, product development, and manufacturing. MC Squares’s founder, Anthony Franco’s net worth is unknown as of 2024.
Key accomplishments
Year | Accomplishment |
2017 – 2019 | Franco used three Kickstarter campaigns from 2017 to 2019 to gather a total of $65,563 for each new product’s funding. |
2020 | Mc Squares expanded to a 25,000-square-foot facility in Thornton, CO. In 2020The company appeared on Shark Tank Season 11 and got the deal from Kevin O’Leary. |
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 MC Squares and its continued success.