Minus Cal is a brand known for its protein bars designed to block fat absorption. The product made headlines after appearing on Shark Tank but failed to secure investment from the sharks. Despite initial interest, Minus Cal struggled to maintain sales and eventually went out of business. As of 2024, the Minus Cal net worth is $5,000 which is significantly low, and it no longer operates. This article provides an in-depth look at Minus Cal’s journey, financial status, and other related information.
Minus Cal Bio
| Attribute | Information |
|---|---|
| Founders | Crom Carmichael, Barrett Jacques |
| Established | 2017 |
| Industry | Health and Nutrition |
| Product | Protein bars with Choleve |
| Headquarters | Nashville, Tennessee |
| Status | Out of business as of 2020 |
Minus Cal was founded by Crom Carmichael and Barrett Jacques in 2017. The company aimed to provide a protein bar that could block fat absorption using a special ingredient called Choleve. Despite their efforts and appearance on Shark Tank, the company faced significant challenges and ceased operations by 2020.
Minus Cal Net Worth 2024
| Year | Net Worth |
|---|---|
| 2019 | $2.5 million |
| 2020 | $0 |
| 2021 | $0 |
| 2022 | $0 |
| 2023 | $5,000 |
| 2024 | $5,000 |
As of 2024, Minus Cal’s net worth is $5,000. The brand’s net worth has seen a steep decline since its Shark Tank appearance and subsequent business struggles.
Minus Cal Income Sources
Minus Cal primarily generated income from the sales of its protein bars. The bars were marketed as a health product capable of blocking fat absorption. Initial sales spiked after the Shark Tank episode, but over time, the revenue declined due to negative reviews and skepticism about the product’s efficacy. The company did not have any other significant sources of income.
Minus Cal’s Lifestyle: How They Spent Their Fortune
The founders of Minus Cal, Crom Carmichael and Barrett Jacques, invested their time and resources into developing and promoting their product. After the business failed, Carmichael returned to his previous career as an angel investor and entrepreneur, while Jacques pursued a career in the construction industry. There are no reports of extravagant spending or luxurious lifestyles associated with Minus Cal’s brief period of success.
Minus Cal Height, Weight, and Physical Appearance
| Attribute | Crom Carmichael | Barrett Jacques |
|---|---|---|
| Height | 6 feet (183 cm) | 5 feet 10 inches (178 cm) |
| Weight | 180 pounds (82 kg) | 175 pounds (79 kg) |
| Appearance | Grey hair, blue eyes | Brown hair, green eyes |
Minus Cal Profession
Minus Cal was a brand within the health and nutrition industry. The founders aimed to create a unique product that could help people manage their weight by blocking fat absorption. Crom Carmichael, with a background in media and investments, and Barrett Jacques, with experience in the music industry, combined their skills to bring Minus Cal to life. However, the brand faced significant challenges and ultimately failed to sustain its operations.
Minus Cal Relationship
There is limited public information about the personal relationships of Minus Cal’s founders. Crom Carmichael and Barrett Jacques have kept their personal lives private, focusing more on their professional endeavors. Their brief time in the public eye was primarily centered around the business and its performance.
Minus Cal Family
Information about the families of Crom Carmichael and Barrett Jacques is not widely available. Both founders have maintained a low profile regarding their personal and family lives. They have not publicly shared details about their family members or personal relationships.
Future Financial Projections: What’s Next for Minus Cal?
As Minus Cal is no longer in operation, there are no future financial projections for the brand. The founders have moved on to different careers, and it is unlikely that the brand will be revived. The lessons learned from the experience may guide their future business ventures, but Minus Cal itself remains a closed chapter.
Facts about Minus Cal
- Minus Cal was founded in 2017.
- The product was designed to block fat absorption using Choleve.
- Appeared on Shark Tank but did not secure an investment.
- The company’s net worth in 2024 is $5,000.
- Faced significant backlash and negative reviews.
- Went out of business in 2020.
- Crom Carmichael is now an angel investor and entrepreneur.
- Barrett Jacques has pursued a career in the construction industry.