Although camping can be an exhilarating experience, handling heavy cookware is a regular problem. Conventional pots and pans are bulky, difficult to move, and can be difficult to clean. Having small, light cooking equipment might be crucial for outdoor lovers.
Bear Minimum offers a special approach to this situation. Heidi and Cory Santiago founded Bear Minimum, which sells the Bear Bowl, a small, foldable cooking pot. It is lightweight and portable because of its flame-resistant construction.
The couple presented their goods to a group of sharks on Shark Tank Season 10, hoping to land a partnership to expand their company. They advertised their foldable business and asked for $100,000 for 20% of their company. Did the entrepreneur get a deal on Shark Tank? Check out our Bear Minimum update to find out!
Bear Minimum Net Worth Shark Tank Update 2025
Heidi and Cory Santiago asked for a $100,000 investment in exchange for 20% equity in their company. This meant they valued their company at $500,000. They made a deal with Jamie Siminoff for $100,000 in exchange for 25% of their company, valuing Bear Minimum at $400,000. After the show aired, Bear Minimum saw a big increase in website traffic, sales, and social media exposure. With an estimated 10% yearly growth rate (typical business growth), the current net worth of Bear Minimum is about $585,000.
Bear Minimum kept growing after Shark Tank. The Bear Bowl can be found on their website and Amazon, and the company is still operating. Many buyers appreciate the product’s performance and ease of use, despite conflicting ratings on Amazon. With the help of Jamie Siminoff and their tenacity, their yearly revenue has averaged about $100,000.
Bear Minimum is still in business in 2024, offering this innovative cookery option to two campers. Bear Minimum appears to be headed for success in the camping sector thanks to its consistent development and favorable customer reviews.
Yes, Bear Minimum could get a deal with Jamie Siminoff, the guest shark. In exchange for a 25% share in the business, he offered them $100,000. Although Daymond John expressed interest as well, Heidi and Cory accepted Jamie’s offer because it required a larger stake percentage.
| Shark(s) name | Offer & Demand | Counteroffer | Accepted? |
| Jamie Siminoff | $100,000 for 20% equity | N/A | Yes |
| Lori Greiner | Out | N/A | N/A |
| Kevin O’Leary | Out | N/A | N/A |
| Daymond John | $100,000 for 33% equity | N/A | No |
| Mark Cuban | Out | N/A | N/A |
Bear Minimum Shark Tank pitch
The path taken by Heidi and Cory Santiago has not been simple. They introduced a new product in 2008, but regrettably, a middleman exploited them, costing them their investment and money. The pair persisted despite this obstacle. They were adamant about leaving their impact on the economic world.
Their passion for camping and the necessity for portable cooking solutions drove them to persevere and build Bear Bowl. Their perseverance and hardships impressed the sharks, and Jamie recognized the potential in their product and journey.
Heidi and Cory began their presentation by introducing the Bear Bowl, a cooking pot that folds flat and weighs only 7 ounces. They clarified it can tolerate temperatures of up to 550°F and is composed of food-grade, flame-resistant material. The invention was created to make camping easier by offering a portable, lightweight substitute for conventional cookware.
The Bear Bowl, which retails for $29.90 and is available in three sizes, is reasonably priced, with a production cost of only $7 per unit. Keep reading our Bear Minimum update to see what happens next!
Kevin O’Leary enquired whether they had any patents and the material of the product. A utility patent was pending, Cory disclosed. The product is made of PTFE-coated fiberglass.
Kevin further asked about the cost and the price of the product. The founders revealed it cost $6.90 to make the small one and they sell it for $29.90.
Mark Cuban asked about their business person and their stock in the business. Their founder revealed that they have advisors with 10% equity.
Jamie asked about the investment and sales. The couple responded that they have earned under $90,000 with Kickstarter
Kevin O’Leary refused to invest because of his lack of interest in the business.
Mark Cuban also chose not to take part, citing issues with the scalability of the product.
Lori Greiner thought the idea was intriguing, but decided it wasn’t for her, so she passed.
Daymond John offered $100,000 for 33% stock since he respected their tenacity. But his offer was more than they would accept.
Jamie Siminoff, after hearing their narrative, Jamie made an offer of $100,000 in exchange for a 25% stake. Heidi and Cory weighed their alternatives and decided on Jamie’s offer.
Product Availability
From our Bear Minimum update research, The Bear Bowl may be bought on Amazon and on Bear Minimum’s official website Bear Minimum. Camping aficionados continue to favor it because of its lightweight, folding form, which simplifies outdoor cooking. The device is available to campers searching for small solutions because of its reasonable pricing of about $29.90.
Conclusion
The Shark Tank adventure of Bear Minimum was motivational. Heidi and Cory landed a deal with Jamie Siminoff thanks to their perseverance in overcoming obstacles and developing a useful, inventive product. Since appearing on Shark Tank, they have gained a devoted following, and campers continue to use their product frequently.
It will be intriguing to watch what Bear Minimum does next, but the company’s continuous operations and consistent revenues point to a bright future. Bear Minimum may continue to have a significant impact on the camping sector because of prospective product expansions and the expanding popularity of outdoor activities.
Hey, I’m Amna Habib an undergraduate student of Bachelors in Business Administration. Shark Tank is one of my favorite TV shows of all time. The show provides a fascinating insight into the world of entrepreneurship by presenting creative solutions to common problems, which strongly connects to my academic interests. I’m interested in learning more about the strategic thinking and creativity that lead these companies as each pitch provides insightful information. I’ve found that watching Shark Tank has inspired my enthusiasm for business and entrepreneurship and has been a very enlightening and motivating experience. Apart from business and writing, I love food, shopping, and hanging out with friends and family. Read more About me.
