Minnow Designs, an Australian designed children’s water shoes, was started by Lorraine Cherry-Nguyen & Stacey Fisher in 2014. As of January 2024, Minnow Designs net worth is $10 million and their annual revenue is below $5 million.
In 2018 July, they appeared on Season 4 of Shark Tank Australia seeking 70,000 for 20% of equity valuing the company at $350K. But the Sharks were not interested in investing in Minnow Designs. The sharks were not happy with company valuation.
As of 2024 January, the company is still in business. You can purchase products through e-commerce channels such as their website and Amazon.
Minnow Designs Net Worth
| Net worth | $10 million |
| Annual Sales Revenue | Below $5 million |
| Profits | – |
| Lifetime sales | – |
| Investor | None |
| Founders | Lorraine Cherry-Nguyen & Stacey Fisher |
| Employees | 1-25 employees |
Minnow Designs Net Worth Timeline
| Net Worth 2024 | $10 million |
| Net Worth 2023 | $9.8 million |
| Net Worth 2022 | $9.5 million |
| Net Worth 2021 | $9 million |
| Net worth valuation 2018 before appearing on Shark Tank | $350K |
Minnow Designs Pitch on Shark Tank
| Company name | Minnow Designs |
| Product | Protective beach shoes for kids |
| Episode | Season 04 Episode 12 |
| Founders | Lorraine Cherry-Nguyen & Stacey Fisher |
| Asked for | $70,000 for 20% Stake |
| Final deal | No Deal |
| Sharks | No Sharks |
| Location | Narellan, Australia |
Don’t miss these product from Season 04
Minnow Designs Founders
Minnow Designs was founded by Lorraine Cherry-Nguyen & Stacey Fisher in 2014. Lorraine, a fashion designer and a marketing consultant, crossed paths in their youth, became mothers simultaneously, and ventured into business shortly after. Founders Lorraine Cherry-Nguyen and Stacey Fisher got the idea for the shoes when they saw their kids having a tough time exploring the beach without footwear. Minnow Designs’s founders, Lorraine Cherry-Nguyen & Stacey Fisher, have a net worth of 9.5 million USD as of 2024.
Key accomplishments
| Year | Accomplishment |
| 2015 | They also attempted to enter the American market by putting 1000 pairs of shoes on Amazon, and they quickly sold out. |
| 2018 | The company appeared on Shark Tank Australia Season 04. |
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 Minnow Designs and its continued success.
