Qubits Net Worth 2023 Update (Before & After Shark Tank)

"Qubits" Net Worth 2023 Update

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)
ProfitsNot publicly available
Lifetime salesNot publicly available
InvestorDaymond John
FounderMark Burginger
EmployeesNot 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 nameQubits
ProductModular construction block STEM toy
EpisodeSeason 01 Episode 14
Founder Mark Burginger
Asked for$90,000 for 51% Equity
Final deal$90,000 for 51% Equity
Shark / SharksDaymond John
LocationNew 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

YearAccomplishment
2010Appeared on Shark Tank season 1 and Daymond John invested $90,000 for 51% Equity
2015Qubits expands its product line to include new construction sets and educational resources.
2016Qubits 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.