Minus Cal, a popular figure in the online fitness community, has an estimated net worth of $1 million. Known for his engaging content and unique approach to health and wellness, he’s made a significant impact on many people’s lives. His journey from a regular individual to a social media influencer showcases the power of dedication and creativity.
With millions of followers across various platforms, Minus Cal has turned his passion into profit through brand partnerships and merchandise sales. Understanding how he built his wealth can inspire others looking to make their mark in the digital world while promoting a healthy lifestyle.
Overview
Minus Cal is no longer in business. The company stopped operating in 2020 due to several factors, including negative customer reviews and a lack of scientific proof for its claims. The reception on the TV show Shark Tank was also poor.
As of 2024, Minus Cal’s net worth is very low. One source states it’s worth $0 since the company ceased operations. Another source estimates it at $5,000, noting annual revenue of up to $2,300 with profits around $190. Before shutting down, Minus Cal’s net worth reached an estimated $28,000.
The main reasons for Minus Cal’s failure include:
- Negative Customer Reviews: Many users reported dissatisfaction with taste and effectiveness.
- Lack of Scientific Evidence: Claims made by the company lacked support from research.
These issues contributed significantly to its downfall in the competitive market of health products.
Wiki Biography
| Category | Details |
|---|---|
| Name | Minus Cal |
| Founders | Barrett Jacques, Crom Carmichael |
| Industry | Health and Nutrition |
| Product | Fat-blocking protein bars and tablets with Choleve |
| Net Worth | $0 (as of 2024) |
| Annual Revenue | Up to $2,300 |
| Lifetime Sales | $28,000 (before closure) |
| Profits | Minimal, company in losses |
| Valuation | Initially $2 |
Minus Cal started as a health product company. It offered fat-blocking protein bars and tablets that used a special ingredient called Choleve. The founders, Barrett Jacques and Crom Carmichael, aimed to help people with their nutrition.
Despite its initial popularity in the health market, Minus Cal faced serious problems. The company had very low profits and annual revenue reached only up to $2,300. In total sales before closing down, it earned about $28,000 but struggled against negative customer feedback. Many customers were unhappy with the taste and effectiveness of the products.
The company’s journey ended in 2020 after receiving criticism on social media and from shows like Shark Tank. Now as of 2024, its net worth stands at zero due to these issues.
Early Life and Career Beginnings
Crom Carmichael was born in South Bend, Indiana. He later moved to Nashville. His education includes a master’s degree from Vanderbilt University.
Carmichael’s background laid the foundation for his future ventures. Before co-founding Minus Cal, he gained experience in various industries, which helped shape his understanding of business and health products.
His journey into entrepreneurship began with a strong interest in health and wellness. This passion led him to explore ways to create products that could help people improve their lives through better nutrition.
Barrett Jacques partnered with Carmichael in founding Minus Cal, aiming to provide innovative health solutions. They introduced fat-blocking protein bars and tablets containing Choleve, a special ingredient designed to aid weight management.
Despite facing challenges during its operation, Carmichael’s early experiences contributed to the development and marketing strategies used by Minus Cal before it ceased operations in 2020.
Family and Education
Crom Carmichael, one of the founders of Minus Cal, has a strong educational background. He earned a master’s degree from Vanderbilt University. This education helped shape his understanding of business and health products.
Crom grew up in South Bend, Indiana, before moving to Nashville. His experiences in various jobs before starting Minus Cal gave him valuable knowledge about health and wellness.
Despite the company’s challenges, Crom’s dedication to health solutions was evident throughout his work with Minus Cal.
Professional Career
Barrett Jacques is one of the founders of Minus Cal. He earned a business degree from Vanderbilt University. Before starting Minus Cal, he worked in the music industry as a recording artist with Sony Music Entertainment. After his time in music, he shifted to the business world and co-founded Minus Cal.
Crom Carmichael, another founder, was born in South Bend, Indiana. He later moved to Nashville and obtained a master’s degree from Vanderbilt University. His education helped him understand health products better. He worked across different industries before starting Minus Cal with Barrett Jacques.
Minus Cal aimed to create innovative health solutions like fat-blocking protein bars and tablets that contained Choleve. Despite their efforts, the company struggled financially and had lifetime sales of about $28,000 before closing its doors in 2020 due to negative customer feedback.
After Minus Cal ceased operations, Barrett Jacques left the company and became involved in construction work.
Net Worth and Income Streams
Minus Cal is no longer in operation, which has led to a significant decrease in its net worth. Current estimates show that the company’s net worth ranges from approximately $5,000 to $28,000, reflecting its closure and failure in the market.
Pre-Shark Tank and Immediate Post-Shark Tank Revenue
Before appearing on Shark Tank, Minus Cal had some initial success. After the show aired, it generated over $20,000 in product sales within the first year. This boost came from increased visibility and interest following the episode.
Annual Revenue
However, after this initial spike in sales, revenue dropped sharply. As of now, Minus Cal earns up to $2,300 annually from sales. This amount represents a significant decline compared to earlier figures.
Lifetime Sales
The total lifetime sales for Minus Cal are estimated at around $28,000. This figure includes all sales made throughout its time operating as a health product company offering fat-blocking protein bars and tablets.
The challenges faced by Minus Cal included customer dissatisfaction with product taste and effectiveness. These issues contributed to low profits and ultimately led to its closure in 2020.
Business Ventures and Investments
Minus Cal operated as a health product company that aimed to offer fat-blocking protein bars and tablets. Founded by Barrett Jacques and Crom Carmichael, Minus Cal introduced a product featuring an ingredient called Choleve. The company’s goal focused on providing innovative health solutions for consumers.
Despite initial enthusiasm, the business faced challenges early on. In its first year, Minus Cal generated over $20,000 in sales but struggled to maintain momentum afterward. Lifetime sales reached around $28,000, yet annual revenue fell to about $2,300 before closing.
The founders sought investment on the TV show “Shark Tank,” aiming for $500,000 in exchange for 20% equity. However, their pitch met skepticism from investors like Mark Cuban, who labeled the product a “scam.” Ultimately, no investments were made during this appearance.
Negative customer reviews significantly impacted Minus Cal’s reputation. Issues included dissatisfaction with taste and effectiveness of products. These factors contributed to its downfall in the competitive health market.
After ceasing operations in 2020, Barrett Jacques moved into construction while Crom Carmichael explored other opportunities across various industries. The backing from investors never materialized due to concerns raised during their Shark Tank pitch and ongoing issues with customer acceptance of their products.
Age, Weight, and Height
Minus Cal does not provide specific details about the age, weight, or height of its founders. However, some information is available. Crom Carmichael, one of the co-founders, is 70 years old as of recent updates. There are no specific measurements for either founder’s weight or height in the available sources.
- Barrett Jacques: No personal details like age or physical stats are shared.
- Crom Carmichael: Age confirmed to be 70 years.
The absence of these personal details does not impact the understanding of Minus Cal’s business performance or its market presence. Instead, it highlights that product effectiveness and customer feedback played more significant roles in the company’s journey than individual characteristics.
Spouse and Relationship
There is no information available about the spouses or personal relationships of Barrett Jacques and Crom Carmichael, the founders of Minus Cal. Sources mainly focus on their business activities and financial aspects rather than their private lives.
Barrett Jacques has a background in music before starting Minus Cal, while Crom Carmichael earned a master’s degree that helped him understand health products better. The lack of details regarding their personal relationships suggests that they prioritized their professional goals over sharing personal stories.
Overall, both founders are known for their roles in creating Minus Cal but not for any publicized relationships or family backgrounds.
Conclusion
Minus Cal’s journey serves as a cautionary tale in the health product industry. Despite an initial rise to fame and significant online influence, the company ultimately faltered due to customer dissatisfaction and unproven claims. The founders’ backgrounds highlight their ambition and drive but underscore the importance of aligning product quality with consumer expectations.
As of 2024, Minus Cal’s net worth reflects its struggles, illustrating how quickly fortunes can change in the competitive landscape of health and wellness. This case reinforces that success hinges not just on innovative ideas but also on maintaining credibility and delivering genuine value to customers.
Frequently Asked Questions
What is Minus Cal known for?
Minus Cal was a health product company that offered fat-blocking protein bars and tablets. Founded by Barrett Jacques and Crom Carmichael, it gained attention for its unique approach to health but ultimately failed due to customer dissatisfaction and unsupported claims.
Why did Minus Cal go out of business?
Minus Cal ceased operations in 2020 due to negative customer reviews, taste issues with their products, lack of scientific proof for claims, and poor reception on Shark Tank.
What was Minus Cal’s net worth before closing?
Initially, Minus Cal had an estimated net worth of around $1 million. However, as of 2024, this has dropped significantly to between $0 and $5,000.
How much revenue did Minus Cal generate?
Minus Cal reported annual revenue of up to $2,300 before closing down. Total lifetime sales were about $28,000.
Who are the founders of Minus Cal?
Barrett Jacques and Crom Carmichael co-founded Minus Cal. Jacques has a degree from Vanderbilt University and previously worked in the music industry, while Carmichael also attended Vanderbilt and held various positions across industries related to health products.
What happened during the Shark Tank appearance?
On Shark Tank, Jacques and Carmichael sought $500,000 for 20% equity but faced skepticism from investors like Mark Cuban. Ultimately no investments were made due to concerns over product effectiveness.
What became of Barrett Jacques after Minus Cal closed?
After shutting down Minus Cal in 2020, Barrett Jacques transitioned into the construction industry while exploring new professional opportunities.
Is there any information about the personal lives of the founders?
The article does not provide details about the personal relationships or family backgrounds of Barrett Jacques or Crom Carmichael. It suggests that they focused more on their business endeavors than sharing personal stories.
