Bear Minimum, a camping cookware company founded by Heidi Santiago and Cory Santiago in 2016, is valued at $700,000 as of August 2023. The company, which appeared on Season 10 of Shark Tank USA, generates an impressive annual revenue of $80,000. A deal was made with Jamie Siminoff on the show, securing an investment of $100,000 for 25% equity.
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Summary of bear minimum net worth
|Annual Sales Revenue||$80,000|
|Shark Tank Investor||Jamie Siminoff|
|Founders||Heidi Santiago and Cory Santiago|
Diving deeper into the bear minimum net worth
- Net Worth 2023: $700,000
- Net Worth 2022: $600,000
- Net Worth 2021: $550,000
- Net Worth 2020: $500,000
- Net Worth valuation 2018 after appearing on Shark Tank: $400,000
- Net worth valuation 2018 before appearing on Shark Tank: $500,000
Shark Tank Appearance
Bear Minimum made its mark on Shark Tank in season 10. Founders, Heidi and Cory Santiago, requested $100,000 for 20% equity. The final deal was $100,000 for 25% equity with Jamie Siminoff.
About the Founders
Heidi Santiago, a former nurse and stay-at-home mom, and Cory Santiago, a former software engineer and entrepreneur, founded Bear Minimum in 2016. Their net worth stands at $700,000 USD as of 2023.
The company has had significant accomplishments, including being featured in publications like Backpacker and Outside Magazine in 2023. In 2020, Bear Minimum experienced significant sales growth, selling over 2,000 units in just two months.
Bear Minimum offers the Bear Bowl, a cooking pot that folds flat, making it easy to pack alongside other camping gear.
Bear Minimum continues to operate, selling its products via its website.
Despite the challenges faced, Bear Minimum has shown resilience and determination. Their growth and current net worth are a testament to their hard work and the potential of their unique product.
1. What is the net worth of Bear Minimum?
Bear Minimum’s net worth is $700,000 as of August 2023.
2. Who are the founders of Bear Minimum?
Heidi Santiago and Cory Santiago are the founders of Bear Minimum.
3. What was Bear Minimum’s deal on Shark Tank?
Bear Minimum secured a deal of $100,000 for 25% equity with Jamie Siminoff on Shark Tank.
4. What is the annual revenue of Bear Minimum?
Bear Minimum generates an annual revenue of $80,000.
5. What is Bear Minimum’s key product?
Bear Minimum offers the Bear Bowl, a flat-folding cooking pot.
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