Bees are important for our food. They help pollinate plants. Many of the foods we eat rely on them. Bees are dying at a high rate. This is a serious problem for the environment. Matt Reed wanted to help solve this problem. He started a company called Bee Thinking. The company makes special bee hives. These hives are natural and safe for bees. Matt went on Shark Tank to pitch his business.
He wanted an investment to grow the company. He asked for $400,000 for 10 percent equity. He explained his idea to the Sharks. He shared his sales numbers. The Sharks asked many questions. They did not like some parts of the business. Will the entrepreneur get a deal on Shark Tank? Check out the Bee Thinking update to find out!
Bee Thinking Net Worth Shark Tank Update 2025
Matt Reed and Jill Reed went on Shark Tank asking for $400,000 for 10% of their company. This meant they thought their business was worth $4,000,000. They did not make a deal with any Shark. The episode was aired on April 10, 2015. The wooden beehive company later rebranded as Bee Built and resumed operations in 2019. Using the default 10% yearly growth method, the current net worth of Bee Thinking is estimated to be around $3–4 million in 2025.
Bee Thinking failed to secure a Shark Tank agreement. The Sharks had no interest in helping Matt expand his company. Matt continued to put a lot of effort into his business after the broadcast. Bee Built was the new name for Bee Thinking. It continued to sell superior bee hives. The business expanded and generated almost two million dollars in sales per year.
This demonstrated how well-liked the product was. But Matt is no longer employed by the business. New management is currently in charge of the company. The Bee Built website is still operational today. They provide a variety of bee hives for sale. They also sell beekeeper’s tools. The business helps individuals preserve the environment and take care of bees.
Matt requested $400,000 for a 10% stake in his business. He intended to utilize the funds to grow his company. His evaluation was not accepted by the Sharks. According to Kevin O’Leary, four million dollars was excessive. Other Sharks were worried about the company. Mark Cuban stated that expanding the business would be challenging.
Lori Greiner declared that honey did not appeal to her. Concerned about his investment was Robert Herjavec. According to Daymond John, he loved the product but was not interested in investing. The Sharks didn’t make any offers. Matt didn’t get a deal when he departed Shark Tank.
| Shark(s) name | Offer & Demand | Counteroffer | Accepted? |
| Robert Herjavec | out | N/A | N/A |
| Lori Greiner | Out | N/A | N/A |
| Kevin O’Leary | Out | N/A | N/A |
| Daymond John | Out | N/A | N/A |
| Mark Cuban | Out | N/A | N/A |
Bee Thinking Shark Tank pitch
Matt Reed is the founder of Bee Thinking. His journey started when bees entered his home. He was not scared. Instead, he became interested in them. He started learning about how bees live. He learned that they are important for the environment. Matt decided to make special beehives. These hives were designed to be natural and safe for bees. He also started a blog to share his knowledge.
Many people began following his blog. They liked reading about bees. Some people asked to buy his hives. This gave Matt the idea to start a business. In 2009, Matt launched Bee Thinking. He wanted to save bees and make a difference. Starting the business was not easy. He had to learn how to run a company. He also had to find ways to build and ship the hives. The costs were high in the beginning. But Matt did not give up. He kept working hard to make his business a success.
Matt Reed appeared on Shark Tank in Season 6. He came with a clear mission. He wanted to help save bees. He showed the Sharks his special bee hives. He explained why they are different. Matt said traditional hives are not always good for bees. His hives are natural and sustainable. He wanted the Sharks to see the value in his product. He asked for $400,000 in exchange for 10 percent equity.
Matt shared his sales numbers with the Sharks. He said his company had made 1.9 million dollars since it started. He also said that he made 775,000 dollars in the months before filming. This was a big increase from the previous year. Matt showed the Sharks his best-selling hive. It costs 360 dollars to buy. It costs 150 dollars to make. He explained that the hives are high-quality and eco-friendly.
The sharks had many questions for Matt. They wanted to know more about his business and its numbers. Lori Greiner was the first to ask about the company’s sales. Matt shared that Bee Thinking had made $1.9 million in total sales since it launched in 2009. He also mentioned that they had generated $775,000 in sales leading up to the filming of the show. This showed the sharks that the business was growing.
But the sharks wanted to know more about how the company planned to scale. Kevin O’Leary asked about the valuation of the company. He did not like the $4 million valuation Matt had given the business. He felt the company was worth less than that. Mark Cuban also raised concerns. He believed that the company would face many challenges in the future. He thought the business would struggle to grow.
Lori Greiner was also not sold on the idea. She did not like honey and was not interested in investing in the business. Robert Herjavec had similar concerns. He was not sure if the company would be able to give him a good return on his investment. Finally, Daymond John said that while he would buy Matt’s hives, he did not want to be a partner. He, too, dropped out of the deal.
The sharks were not convinced by Matt’s pitch. They had many doubts about the business. The high valuation and the potential for growth were big concerns. Despite Matt’s efforts to explain the benefits of his product, the sharks did not think it was the right investment for them. They all decided to pass on the deal.
The sharks gave their responses one by one. Kevin O’Leary was the first to drop out. He did not like the valuation of the company. He felt that the business was overvalued at $4 million. Mark Cuban followed suit. He was worried about the challenges the company would face as it grew. He did not think it was the right investment for him. Lori Greiner also dropped out.
She said she was not a fan of honey and did not want to invest in the business. Robert Herjavec had similar concerns. He was not sure he could get his money back and decided to pass. Finally, Daymond John said he would buy the hives but did not want to invest in the company. He, too, dropped out. In the end, Matt Reed left the tank without any offers.
The sharks had passed on the deal. Matt’s company Bee Thinking did not get the funding it was seeking. This was a tough blow for Matt, but he did not give up. He continued to grow his business on his own. Despite the setback, Bee Thinking still managed to grow. The company was later rebranded to Bee Built. It continues to operate today generating significant revenue.
What Went Wrong With Bee Thinking On Shark Tank?
There were several reasons why the sharks decided not to invest in Bee Thinking. The first issue was the company’s $4 million valuation. Kevin O’Leary was not happy with this valuation. He felt the business was not worth that much. He dropped out early because of it. Mark Cuban also had concerns about the company’s growth.
He thought it would face many challenges as it expanded. Lori Greiner was not interested in the product. She did not like honey and did not see a market for it. Robert Herjavec was unsure about the potential return on investment. He decided to pass as well. Daymond John was willing to be a customer but not a partner. He also dropped out.
The shark’s main concerns were the high valuation, growth challenges, and the market for the product. These issues led to the decision not to invest in Bee Thinking.
Product Availability
Bee Thinking’s main product is the bee hive. These hives are designed to be better for the bees. They are made with materials that are safe for bees and easy to use. The hives are medium-sized and cost about $360. It costs about $150 to build and package each hive. The hives are sold through the company’s website and other online platforms. Customers can also find the hives through beekeeping supply stores.
The company has a strong online presence, and customers can easily order the hives from their website. Bee Built continues to sell these hives and make a profit. The business is now generating about $2 million in annual revenue.
Conclusion
Matt Reed’s company, Bee Thinking, faced many challenges on Shark Tank. Despite his best efforts, none of the sharks were willing to invest. However, Matt did not give up. His company was later rebranded to Bee Built and continues to operate today. Bee Built has grown and now generates about $2 million in annual revenue. While Matt may have sold the company, his idea to help save the bees continues to live on.
Bee Built’s hives are still helping beekeepers and those who want to protect bees. The journey of Bee Thinking shows that even when things don’t go as planned, a great idea can still succeed.
Hi, I’m Laiba Khurram, a BBA student specializing in Marketing at FAST NUCES ISB. My background includes experience in finance, marketing, and event coordination. My skills include teamwork, time management, and Microsoft tools. Watching Shark Tank has always inspired me, as I admire the innovative pitches and entrepreneurial spirit showcased on the show. This passion drives my approach to finding creative solutions and understanding market dynamics. Read more About me.
