Mini Materials Net Worth And Shark Tank Update

Imagine building the perfect diorama or dollhouse, only to find yourself stuck with materials that just don’t feel realistic. Mini Materials solves this problem by providing authentic, scaled-down construction supplies, everything from concrete cinder blocks to tiny wood pallets.

Whether you’re a hobbyist, model builder, or educator, these miniature materials bring an unmatched level of realism to your creative projects, making them not only fun but incredibly lifelike.

Mini Materials began in 2015, founded by Mat Hofma, an art director, and Erik Polumbo, a real estate broker and serial entrepreneur. They spotted a gap in the market for realistic, scaled-down construction materials, catering to hobbyists, professionals, and dreamers creating miniature architectural marvels.

By 2022, the company had grown significantly, offering over 150 unique products, selling more than 250,000 cement items, and achieving a 12% increase in gross sales with just five employees.

In 2022, Jared Waters acquired Mini Materials for $200,000, relocating its operations from Virginia Beach to Portland, Oregon. Having followed the company’s journey for some time, Waters brought fresh energy and innovation.

Within six months of his leadership, he introduced 30 new products and leveraged advanced technologies like 3D printing, laser cutting, and substrate printing.

While keeping the original client base, including fingerboarders, model makers, and STEM educators, Waters expanded the brand’s reach and solidified its reputation for quality.

In November 2023, Jared Waters, the new owner, presented Mini Materials on Season 15, Episode 6 of Shark Tank. He asked the Sharks for $100,000 in exchange for 20% equity.

While the Sharks admired the product’s creativity and charm, they felt the niche market might limit its growth. As a result, they decided not to invest.

Mini Materials Net Worth and Updates After Shark Tank

Even without a deal, Mini Materials experienced a 4x increase in sales within a week of the episode airing. This brought in $50,000 in additional revenue. By January 2025, the company’s value had grown to $500,000, with an annual revenue of $350,000.

The company has built a loyal following, including hobbyists, educators, and model builders. It has earned a 5-star rating from over 460 reviews.

With steady growth, Mini Materials reached $5.4 million in lifetime revenue by May 2024. It remains the world’s leading supplier of miniature construction materials.

The company has also adopted eco-friendly practices, incorporating recycled materials into its manufacturing to support sustainability.

Don’t miss these products from Season 15

• TIK PIK
• Supermix Studio
• Toast-It Arepas

Mini Materials Founder

Jared Waters founded Mini Materials in 2022. Jared is an entrepreneur and adventure enthusiast. Jared completed his Bachelor’s degree at Boise State University.

He has previous work experience as a climbing wall supervisor and wildland firefighter. He also worked as a customer service specialist.

Jared Waters’ logical estimated net worth is likely $450,000, assuming he has no significant personal liabilities or other large investments/assets outside Mini Materials.

Key accomplishments