Third Wave Water is a mineral capsule to add distilled water for brewing coffee. This was founded by Charles Nick and Taylor Minor in 2016. As of November 2023, Third Wave Water’s estimated net worth is $2.5 million. They’re pulling in a whopping $1 million in annual revenue.
In 2017, they appeared on Season 09 of Shark Tank USA and made a deal with Barbara Corcoran for $100,000 for 25% of equity with a $1 royalty on each unit sold until $100,000 has been paid. The final valuation was $400,000, down from the founder’s initial estimate of $1 million.
Despite Third Wave Water securing a deal, it did not finalize after the show. Nonetheless, Third Wave Water continued to be in business. The show gave significant exposure to the company and could elevate sales over the years. Currently, Third Wave Water products come in three categories. You can purchase them through the company website.
Third Wave Water Net Worth
| Net worth | $2.5 million*estimated |
| Annual Sales Revenue | $1 million (2023) |
| Profits | – |
| Lifetime sales | $120,000 (2017) |
| Investor | Barbara Corcoran |
| Founders | Charles Nick and Taylor Minor |
| Employees | 11-50 |
Third Wave Water Net Worth Timeline
| Net Worth 2023 | $2.5 million* estimated |
| Net worth valuation in 2017 after appearing on Shark Tank | $400,000 |
| Net worth valuation in 2017 before appearing on Shark Tank | $1 million |
Third Wave Water Pitch on Shark Tank
| Company name | Third Wave Water |
| Product | A mineral capsule to add distilled water for brewing coffee |
| Episode | Season 09 Episode 03 |
| Founders | Charles Nick and Taylor Minor |
| Asked for | $100,000 for 10% equity |
| Final deal | $100,000 for 25% of the equity with a $1 royalty on each unit sold until $100,000 has been paid |
| Shark | Barbara Corcoran |
| Location | Cedarville, Ohio |
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Third Wave Water Founders
Third Wave Water was founded by Charles Nick and Taylor Minor in 2016. Charles completed his bachelor’s degree at Sinclair Community College, majoring in Electronics Engineering. He also holds a degree in Technical Management from Embry-Riddle Aeronautical University. Charles started his first company, Dayton Green Machines LLC, in 2006. Taylor graduated from the University of Phoenix, completing his bachelor’s in Business Management and Marketing. Besides Third Wave Water, Taylor has other businesses of his own, including Cedargorge Properties. Third Wave Water’s founders, Charles Nick and Taylor Minor’s net worths are unknown as of 2023.
Key accomplishments
| Year | Accomplishment |
| 2016 | Third Wave Water became a finalist in “Sprudgie: New Product Award.” Third Wave Water launched Kickstarter and earned over 150,000. |
| 2017 | Third Wave Water got featured on Shark Tank and secured a deal. |
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 Third Wave Water and its continued success.