Toybox Labs, a 3D Printer / Toy Production, was started by Ben Baltes and Jenn Chin in 2016. As of September 2023, Toybox Labs’ net worth is $3 Million. And they’re pulling in a whopping $162K in annual revenue.
On March 10, 2019, they appeared on Season 10 of Shark Tank USA and made a deal with Kevin O’Leary for $150,000 for 13% equity + 2% advisory shares. The final valuation was $1 Million, down from the founder’s initial estimate of $3 Million.
The company launched a new subscription service that allows users to rent a Toybox printer for a monthly fee. Toybox Labs is still in business as of 2023 on their website and the Website and Amazon.
Toybox Labs Net Worth
| Net worth | $3 Million |
| Annual Sales Revenue | $162,323 |
| Profits | – |
| Lifetime sales | $24 million |
| Investor | Kevin O’Leary |
| Founders | Ben Baltes and Jenn Chin |
| Employees | 10 to 50 |
Toybox Labs Net Worth Timeline
| Net Worth 2023 | $3 Million |
| Net Worth 2022 | $2.5 Million |
| Net Worth 2021 | $2 Million |
| Net Worth 2020 | $1.8 Million |
| Net worth valuation 2019 after appearing on Shark Tank | $1 Million |
| Net worth valuation 2019 before appearing on Shark Tank | $3 Million |
Toybox Labs Pitch on Shark Tank
| Company name | Toybox Labs |
| Product | 3D Printer / Toy Production |
| Episode | Season 10 Episode 15 |
| Founders | Ben Baltes and Jenn Chin |
| Asked for | $150,000 for 5% equity |
| Final deal | $150,000 for 13% equity + 2% advisory shares |
| Shark | Kevin O’Leary |
| Location | Seattle, Washington, United States |
Toybox Labs Founders
Toybox Labs was founded by Ben Baltes and Jenn Chin in 2016. Jenn Chin is a former software engineer at Google and a University of California, Berkeley graduate. Ben Baltes is a former software engineer at Apple and a University of Texas at Austin graduate. Together, they founded Toybox Labs to create a 3D printer for kids. Toybox Labs’s founders, Ben Baltes and Jenn Chin have a net worth of 3 million USD as of 2023.
Key accomplishments
| Year | Accomplishment |
| 2023 | Developed the toy industry’s first-of-its-kind 3D printer designed specifically for kids |
| 2022 | They have been featured in several media outlets, including The New York Times, TechCrunch, and Forbes |
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 Spretz and its continued success.