What Happened to Jiggy Puzzles After Shark Tank?
What is Jiggy Puzzles?
Jiggy Puzzles is a new, patent-pending puzzle that has a gorgeous image of your favorite animals as well as a jigsaw puzzle within. The goal of the game is to discover the matching pairings in the image and finish both problems.
Kaylin Marcotte, the company’s creator, used puzzles to decompress after a stressful start-up job. She enjoyed the activity but suggested that the designs be improved.
As a result, she established her own jigsaw puzzle company committed to exhibiting artwork by female artists who receive a percentage of the revenue. Jiggy Puzzles’ objective has been to create intriguing and unique puzzles that may be presented as pieces of art in the home since its debut in 2019.
Jiggy Puzzles was invented by whom?
The company’s inventor, Kaylin Marcotte, utilized puzzles to unwind after a hectic start-up job. She appreciated the exercise but thought the designs might be better.
As a result, she founded her own jigsaw puzzle firm dedicated to presenting artwork by female artists in exchange for a part of the earnings. Jiggy Puzzles’ goal since its inception in 2019 has been to develop engaging and one-of-a-kind puzzles that may be displayed as works of art in the home.
Many of us became bread makers and hobbyists as a result of the epidemic. Jiggy Puzzles is the game for them if solving puzzles has become one of their new favorite pastimes in the last year, but they wish there was a way to continue enjoying them after they’re completed.
Customers in the United States can choose to subscribe to the service. The club’s monthly dues begin at just $26.
While some Jiggy puzzles can cost up to $150, there are many less-priced options available. At the time of writing, the cheapest option was $40, which included 450-piece puzzles.
They also provide the glue needed to keep the artwork secure once the puzzle is completed. The 800-piece puzzles include around 800 pieces in total, including the glue.
Jiggy Puzzles on Shark Tank: What Happened?
Jiggy Puzzles has had phenomenal development since its beginning in early 2019, and it is expected to end the year with over $2.25 million in sales. Kaylin has completely bootstrapped the company, which is successful despite the lack of debt or outside investors.
Kaylin came to Shark Tank seeking a partner willing to spend $500,000 in exchange for a 5% ownership in her company, which was valued at $10 million.
She was searching for a Shark who is ready to help her with the logistics of rapidly growing her company so that she can keep up with market demand for her items.
She may also think about implementing a subscription option for Jiggy Puzzles, considering their high percentage of return consumers.
Her product and social goal are appealing to the Sharks, but they are concerned about the company’s long-term viability beyond the epidemic.
They believe Jiggy Puzzles is doing so well right now because many people are at home and seeking ways to occupy themselves; but, when things return to normal, the Sharks are afraid that demand for the product may plummet.
Kevin O’Leary proposes to invest $100,000 for 15% stock and a $400,000 loan at 10% interest for 36 months for 26% equity shares, despite his doubts that their success would be sustainable in the long run.
Kaylin is anxious about handing up such a large portion of her company’s stock. Kaylin approached her ideal Shark, Mark Cuban, and urged him to consider investing in Jiggy Puzzles.
Mark offers to contribute $500,000 in exchange for 15% ownership of the company. He also committed to match her fundraising efforts, which are projected to reach an additional $50,000. Kaylin accepts Mark Cuban’s offer to invest in Jiggy Puzzles.
Jiggy Puzzles: What Happened After Shark Tank?
A few weeks after her Shark Tank debut. The company’s one-of-a-kind puzzles have been selling like hotcakes since then. Celebs such as Sophia Bush, Lili Reinhart, Allison Williams, and Demi Lovato, to name a few, have made puzzles for her.
Jiggy Puzzles continues to provide innovative jigsaw puzzles and patterns, and the company has just introduced Jiggy Puzzle Club, a subscription program.
Members get first dibs on new goods and deals, as well as exclusive content and access to a private community of other club members. The company’s annual revenue will top $4 million in 2021.
Jiggy Puzzles’s net worth
During the pitch, the firm was valued at $10 million; following Mark Cuban’s investment, the company was valued at $3.3 million; and since then, the company has generated sales that may boost the company’s net worth in 2021.
Jiggy Puzzles FAQs
Who is the inventor of Jiggy Puzzles?
The inventor is Kaylin Marcotte, and the product was introduced at the beginning of 2019.
How often do you ship orders?
The company ships orders on a weekly basis and within 24 hours of receiving them.
How much does it cost to ship to the US?
The company’s shipping charges start at $15. What is your return policy?
The company offers a 30-day satisfaction guarantee, minus shipping costs.
How does Jiggy Puzzles work?
Customers may select from a variety of puzzles, including those created by a celebrity, for purchase.
How much does a subscription cost?
The company’s subscription starts at $26 per month and increases based on the number of puzzles chosen during checkout.
What is the business model of Jiggy Puzzles?
Jiggy Puzzles is a subscription-based company that buys and sells puzzle patterns.
How many rounds are there in the game?
Each game contains three problems, one from an animal and one from a jigsaw puzzle picture.
How many puzzles does she make?
The firm is now in production, producing between 800 and 1000 puzzles every day. The designs are also accessible online.
How old does Jiggy Puzzles have to be to enter?
Jiggy Puzzles is intended for those aged 12 and over.
How do you assemble Jiggy’s puzzle?
Using the JIGGY puzzle glue tube, apply a thick line of glue along one side of the problem. Spread the glue from one side to the other using the supplied gold straight edge, applying enough pressure to get the glue in between the pieces while avoiding pooling
Where are Jiggy puzzles made?
Each JIGGY comes with puzzle glue to help them keep their masterpiece together. It’s art in bits. Based in Brooklyn, New York, the company goes above and above by allowing clients to display their solved puzzles as if they were works of art.
How do I go about purchasing?
Online, puzzles start at $35 for a 300-piece puzzle and go up to $65 for a 400-piece puzzle. Jiggy Puzzles is also available on Amazon. The firm ships to the United States, Canada, and a number of European countries.