What Happened To Jiggy Puzzles After Shark Tank?

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A creator of jigsaw puzzles named Kaylin Marcotte went into the  Sharks Tank. She is presenting the Sharks  Tank with a business plan for her jigsaw puzzle company.

She believes that many individuals like puzzles but are unable to create them due to a lack of time or expertise.

She aims to ensure that students are able to continue to enjoy puzzles by presenting a wide range of themes and different-sized of puzzles to choose from. 

Kaylin anticipated that she would get $500,000 in exchange for 5% of the company's shares.

At the end of the day, Mark Cuban offered her a contract. Here is an update on Jiggy Puzzles for those of you who are interested in the product after seeing it featured on Shark Tank.

What are Jiggy Puzzles?

Jiggy Puzzles, designed by Kaylin Marcotte, are an excellent pastime that can make you feel like you're on vacation even if you don't have to leave the house.

What Happened To Jiggy Puzzles After Shark Tank

The Jiggy Puzzle is to be played by children between zero and five, but adults of any age may also have fun with it! 

You will find an image to put together using this puzzle's little wooden jigsaw pieces that come in the box. It is an excellent tool for developing children's fine motor abilities and teaches them about different shapes and colors.

In addition, it helps children improve their fine motor skills.

Who founded Jiggy Puzzles?

Kaylin Marcotte, the founder of Jiggy Puzzles and its current CEO, has been putting puzzles together since she was a little child. 

She was brought up in the Midwest, where she discovered her love of puzzles and got the idea to design her own when she was an adult.

When she eventually decided to start monetizing them, she did so by listing them for sale on several online marketplaces, including eBay and Amazon.

In 2009, when everything took place, Kaylin had just recently completed her studies at the university. 

After realizing that she did not have any particular goals or plans for the future. She decided to pursue a profession in puzzle construction since it was already something she loved doing.

A buyer had already been found for Kaylin's first puzzle less than two hours after she had posted it on the internet

She was urged to develop her puzzle firm to accommodate the demand from clients for alternatives to regular food. This need was because puzzles were becoming more popular.

Jiggy Puzzles before Shark Tank

In her words, puzzle designer and developer Kaylin Marcotte is "obsessed with developing puzzles that are interesting to solve."

Kaylin Marcolette”s Jiggy Puzzles can be found in shops throughout the United States and Canada.

Still, she has even greater ambitions for their future. She has applied for Shark Tank since she is looking to grow her company and increase her workforce.

Jiggy Puzzles combine a traditional puzzle and a video game; they consist of bricks that may be assembled in various designs and come with hints on how to do so. No two riddles are ever the same.

If Kaylin is accepted into Shark Tank, she plans to hire someone to assist with manufacturing so she can spend more time developing new puzzles. She also wants to expand distribution so more people can check out her puzzles.

How was the Shark Tank pitch of Jiggy Puzzles?

Kaylin contacted the Shark Tank with the hopes of securing a $500,000 investment in return for a 5% ownership in Jiggy Puzzles.

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Marcotte's offering was like a jigsaw puzzle; several solutions depended on how the components were assembled. Moreover, she had ambitious ambitions to grow the puzzle line. Still, the other sharks were skeptical—except for Daymond John.

She has made $2.25 million in sales since 2019 (the show was filmed in July 2020) and has not taken on any new debt. 

While John made a generous offer to purchase 50% of Jiggy Puzzles for $250,000, he insisted that Marcotte take a risk on his strategy for expanding the company by spending $50,000 in advertising. 

After Marcotte's refusal, the other "sharks" lost interest in investing in her business. 

Mark was instantly intriguing to her, so she decided to pursue him. When she asks what percentage he would be okay with, he tells her 15%. Since the company had no immediate need for cash, Daniel suggested that she keep Mark's money hidden.

Kaylin has made it quite clear that she is not ready to compromise on even a fraction of her aims.

While Robert and Daniel have backed out, Kevin has proposed. Kevin proposed an investment of $100,000 for a 15% ownership in Jiggy Puzzles and a loan of $400,000 at 10% interest

Before her appearance on Shark Tank, Marcotte claimed to have sold over 30,000 of her puzzles online through Etsy and other places. 

She promised the sharks that, with their help, she could turn her little firm into a major one if they agreed to invest in her.

Kaylin proposes a $50,000 charitable contribution to Mark, and Mark agrees to match it as his consideration for signing arrangements and less time constructing them, and she also wants to expand distribution so that more people can check out her puzzles.

What happened to Jiggy Puzzles after Shark Tank?

Kaylin Marcotte's Jiggy Puzzles became famous after her episode aired.

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However, we are curious about what became of Jiggy Puzzles after Shark Tank, as she is no longer selling them via that platform or any other retail outlet. There was never any compromise between Mark and Jiggy Puzzles. 

Kaylin did not want to part with the equity. So on Shark Tank, Kaylin Marcotte pitched her product, Jiggy Puzzles. She created it because she couldn't find any entertaining and safe puzzles for her kid to play with. 

That's why she decided to design a puzzle toy for toddlers who aren't quite ready for Legos but still want to gnaw on things.

Even though she might earn more money elsewhere, Kaylin Marcotte still sells Jiggy Puzzles at her own business. The annual sales report indicates that Jiggy Puzzles earned $4.0 million. In June of 2022, Jiggy Puzzles is still operating well.

Jiggy Puzzles Shark Tank update

Jiggy Puzzles is committed to developing unique jigsaw puzzles and patterns. The company has recently introduced a subscription service known as Jiggy Puzzle Club.

Members not only get access to exclusive information but also to a closed-door community where they can interact with one another and are the first to learn about new products and special offers.

In 2021, the annual sales of Jiggy Puzzles were getting close to $4 million.

Are Jiggy Puzzles still in business?

As of 2022, the Jiggy Puzzles firm is still operational, and its yearly revenue is more than $4 million.

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However, the product had only been available for purchase for a short while when it made its debut on Shark Tank. Since then, hand-crafted puzzles designed and produced by Jiggy Puzzle have been selling like hotcakes.

What is the net worth of Jiggy Puzzles?

When Jiggy Puzzles was featured on Shark Tank, the company's worth was estimated at $10 million.

Jiggy Puzzles has a net worth of $5 million as of 2022.

The takeaway

Jiggy Puzzles has been around for a while, and we've seen the game's meteoric rise in popularity since it was featured on the first episode of Shark Tank. The expansion of the firm has been remarkable.

I am beyond delighted to see Kaylin Marcotte's continued success in expanding her business and assisting children worldwide in developing a sense of self-assurance and agency in their ability to solve problems.

About the author 

Peter Keszegh

Most people write this part in the third person but I won't. You're at the right place if you want to start or grow your online business. When I'm not busy scaling up my own or other people' businesses, you'll find me trying out new things and discovering new places. Connect with me on Facebook, just let me know how I can help.

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