Qubits, Modular construction block STEM toy, was started by Mark Burginger in 2010. As of October 2023, Qubits net worth is $1 million. And they’re pulling in a whopping $1.4 million in annual revenue.
In February 2010, they appeared on season 01 of Shark Tank USA. And made a deal with Daymond John, for $90,000 for 51% of equity. The final valuation was $176,470, same from the founder’s initial estimate of $176,470.
Qubits is still in business. It is a construction toy company that makes a set of 100 durable plastic pieces that snap together to help teach structures, patterns in nature, and science. To know more details about their business, visit their official website.
Qubits Net Worth
| Net worth | $1 million (2023) |
| Annual Sales Revenue | $1.4 million (2023) |
| Profits | Not publicly available |
| Lifetime sales | Not publicly available |
| Investor | Daymond John |
| Founder | Mark Burginger |
| Employees | Not publicly available |
Qubits Net Worth Timeline
| Net Worth 2023 | $1 million |
| Net Worth 2022 | $1 million |
| Net worth valuation 2010 after appearing on Shark Tank | $176,470 |
| Net worth valuation 2010 before appearing on Shark Tank | $176,470 |
Qubits Pitch on Shark Tank
| Company name | Qubits |
| Product | Modular construction block STEM toy |
| Episode | Season 01 Episode 14 |
| Founder | Mark Burginger |
| Asked for | $90,000 for 51% Equity |
| Final deal | $90,000 for 51% Equity |
| Shark / Sharks | Daymond John |
| Location | New York, USA |
Don’t miss these product from Season 01
Qubits Founder
Qubits was founded by Mark Burginger in 2010. He is a mechanical engineer and entrepreneur who has a passion for STEM education. He came up with the idea for Qubits after seeing his own children struggling to learn about STEM concepts in a fun and engaging way. Qubits’s founder Mark Burginger has a net worth of $900,000 as of 2023.
Key accomplishments
| Year | Accomplishment |
| 2010 | Appeared on Shark Tank season 1 and Daymond John invested $90,000 for 51% Equity |
| 2015 | Qubits expands its product line to include new construction sets and educational resources. |
| 2016 | Qubits partners with the National Association of Toy Retailers to promote STEM education. |
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 Qubits and its continued success.
