Melni Connectors, founded by Mark Melni, Byron Dunn, and Armand Eckert, appeared on Shark Tank in 2015, securing a $500,000 deal from Mark Cuban for 12% equity.
Since then, the company has grown significantly. As of 2024, Melni Connectors is valued at $50 million, with annual revenues of $5 million.
The business has expanded its product line, including innovative connectors like the RadCrim and Hyper-Splice. Cuban has since increased his investment, and the company has secured additional backing from Remke Industries to support distribution.
Melni Connectors Net Worth
Estimated Net worth | $50 Million (2024) |
Annual Sales Revenue | $5 Million (2024) |
Lifetime sales | Not available |
Investor | Mark Cuban |
Founder | Mark Melni, Byron Dunn, and Armand Eckert |
Employees | Not available |
Melni Connector Pitch on Shark Tank
Company name | Melni Connector |
Product | Innovative, quick install, electrical connectors |
Episode | Season 6 Episode 25 |
Founders | Byron Dunn, Mark Melni and Armand Eckert |
Asked for | $500,000 for 12% Equity |
Final deal | $500,000 for 5% equity |
Shark | Mark Cuban |
Location | Idoh, USA |
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Melni Connector Founders
Byron Dunn, Mark Melni, and Armand Eckert founded Melini Connector in 2007. Mark Melni was a dedicated individual who came from an electronic business family background. Most of the time he is inspired by client issues. He founded his first product in 2007. As of 2024, the founders of Melni Connectors have a net worth of $28.5 million.
Key accomplishments
Year | Accomplishment |
2023 | has developed patented devices like the RadCrimp™ and Hyper-Splice® that are revolutionizing the electrical connector industry. |
2021 | Melni Connectors has extended its reach and is shipping products worldwide. |
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 Spretz and its continued success.