Growing kids love to play and have more fun time. Especially when coloring or crafting new things. They use different coloring and crafting materials which are a huge mess. Once they are done with their fun time, all crafting materials and coloring pens are left around. But not anymore with Big Bee, Little Bee’s Marker Parker.
Big Bee, Little Bee is a company that creates products like Marker Parker to help kids stay organized. The product holds the cap and the pen can used. Once the pen is used, place the marker back. No more lost markers and caps. ScruBEE is another product that is used by the kids to wash the dishes. There are many other products for the kids.
The pitch was good and sales were good too. They pitched for $100,000 for 20% equity. The products were great and Sharks liked the 7-year-old presenter. But the company has recently seen a loss. Will Sharks invest in such a company? Let’s find out.
Big Bee, Little Bee Net Worth 2024
Amy and Marlo asked for $100k for 20% equity in their company. This meant they valued their company at $500,000. They did not secure a deal on Shark Tank. Despite an increase in sales and the introduction of new products, the company faced financial losses. With an estimated 10% yearly growth rate (typical business growth), the current net worth of Big Bee, Little Bee in 2024 is about $300,000.
Big Bee, Little Bee Shark Tank Update
After the Shark Tank appearance, the sales were boosted and a new eco-friendly product line “Bee Kind” was introduced. The main focus is to be more sustainable and eco-friendly to reduce plastic waste. The product is now in stores too.
No, Big Bee Little Bee didn’t secure any deal on Shark Tank
| Shark(s) name | Offer & Demand | Counteroffer | Accepted? |
| Emma Grede | N/A | N/A | No |
| Kevin O’Leary | Out | N/A | No |
| Robert Herjavac | Out | N/A | No |
| Mark Cuban | N/A | N/A | No |
| Lori Greiner | N/A | N/A | No |
Big Bee, Little Bee Shark Tank Pitch
Amy and Marlo introduced themselves. They placed their demand for $100,000 in exchange for 20% equity. Amy explained how crafting and coloring are a fun time for the kids. They are allowed to break boundaries and color whatever and however, they like. But after the fun time, all that happened was a huge mess of crafting materials and colors. So they introduced Marker Parker.
Marker Parker is a marker holder in the shape of a beehive. It holds the caps and the marker pen can be removed to use. Then goes back to its place. This is how there are no more lost markers. Marlo demonstrated the working of the product. As the pitch concluded, Amy asked which Shark would help kids stay organized and have a clean desk.
Sharks were presented with a sample of the product and a sketch of each Shark. They then appreciated Marlo for her presentation. Lori inquired Marlo about their age to which replied that she was 7 and a half. Marlo then asked Sharks to try the product.
Lori inquired about the package. If there are markers in it or just the holder. Marlo replied that tits was just the holder. Emma inquired which pens could be used to keep in there. Amy replied that it is currently being used for the board tip markers and they are working on the fine tip markers model as well. Kevin appreciated the idea and inquired why are manufacturers were doing this themselves. Amy replied that they applied for the patent in November of last year.
Amy then mentioned that Marlo invented this idea a year before. Peter inquired about the selling price to which Marlo replied that it was sold for $15. Lori inquires about the price to manufacture it. Amy answered that it was $2.71 to make it. Emma inquired about the marketing business. Amy replied that the Big Bee, Little Bee is a company that began 6 years ago with a baby towel for Marlo. Marlo shared a silicon scrub for the children to do their dishes. Peter inquired about the rest of the products.
Emma inquired about the product that are here for. Amy mentioned that they are here for the ScruBEE. She continued to mention that the company made $230,000 in sales. Peter inquired if the sales were from the ScruBEE. Amy replied no it was for the whole company. He then inquired about ScruBEE’s percentage. Amy replied that it was 80% of the sales and was sold in the second half. Peter inquired if they made any money last year.
Amy replied that they made $97,000 in gross with $220,000 as profit. But she asked not to ask about this year. Se then apologized as Peter inquired about this year’s sale. She continued to mention that this year they have made $110,000 with ScruBEEs in the first half. He then asked if they were making money this year. Amy replied unfortunately no as she lost $77,000 because there was another product in the pipeline. But Marker Parker came this way.
Amy almost cried as she had invested $166,000 of her money to follow her dream as her parents did for her.
Kevin was the first Shark to step out as he thought the business had a lot of problems. Then Mark jumped in. He appreciated her passion as an entrepreneur but she has lots of money a lot. So he quit. Amy tried to pressure the Sharks by sharing their upcoming product as silicon lunch boxes. Lori inquired if she was doing it alone. Amy replied no as she has her daughter.
Lori mentioned that she is a great mother as she supports her daughter but she must have made a great product and then moved on to the next one as an entrepreneur. So she quit. Emma appreciated her as a mother-daughter duo but she couldn’t focus on a product as an investor. So she quit. At last, Peter also quit just like other Sharks.
What Went Wrong with Big Bee, Little Bee on Shark Tank
The pitch was good and sales were average. Sharks did like the product but didn’t like the previous loss in the company. So they quit due to their losses. That ended up with no deal on Shark Tank.
Product Availability
Big Bee Little Bee is a company with many products to make life easier for kids and their parents. Products like Marker Parker and ScruBEE are available both online and in stores. You can visit Bed, Bath & Beyond, Uncommon Goods, and buy buy BABY to purchase their product. Or visit their website to order online.
Conclusion
Entrepreneurs Amy Leinbach and her 7-and-a-half-year-old daughter Marlo are on Shark Tank Season 14 with their multiple product company, Big Bee, Little Bee. They demand for $100,000 for 20% equity. The pitch was nice and the sales were good. Sharks did like the products but refused to invest as the company has recently suffered a great loss. Despite all the efforts, Big Bee Little Bee has to buzz away without a deal.
Hello everyone, I’m Sara Javed. I’m an IT professional expert with project management and design skills. Besides writing, I love playing video games, designing digital art, and reading books. I love Shark Tank due to its innovative business idea and unpredicted reactions of Sharks. This keeps me glued to the screens to watch the next catchy moment. Read more About me.
