The Muff Waders company was brought to Shark Tank by Taylor Ness and Garret Lamp asked for investment from Shark.
The pitcher demanded $25,000 from the Sharks in exchange for 25% equity in his company, Muff Waders. This company had sought this investment from Shark at a valuation of $100K.
It is cooler in overalls that have been given a six-pack cooler, bottle opener, chise, and bottle-holding pockets to hold the bottle.
These overalls are designed for work and play. It makes any job much easier. So we can do many things in this.
Taylor & Garrett started this business in 2018. These Two Friends Launched a Kickstarter Campaign to Raise Money But he could not raise much, due to which he closed it in February 2019.
Kickstarter funded its development in October 2020, Manufacturing got delayed due to the Covid-19 pandemic and they were able to ship the product in 2021.
Muff Waders really solves a problem and this product is made from heavy-duty material. It comes in brown and black with a price of $85.
Both of them come from a small town and are currently doing their full-time job even in July 2022. They desperately need funding from sharks to grow their business.
What Is Muff Waders?
Muff Waders is an overall made from heavy material with a color pouch that can hold up to six cans of beer, soda, water, and energy drinks.
The Muff Waders are designed with great care and have been fitted with a cooling bag to keep the drinks cold.
There are many people who have a habit of drinking drinks while working, for them if they get a cold energy drink or beer, then it is fun.
Overall is very useful in times of fishing, wood harvesting, travel, etc.
There is a chain pocket in the chest in which 6 Cane bottles are kept. And there is an extra pocket that can hold the bottle.
Muff Waders’s black and brown is priced at $85 and Muff Spender’s black and navy is priced at $50.
|Company Name||Muff Waders|
|Founder||Taylor Nees and Garrett Lamp|
|Product||A Cooler Pouch Is Designed On The Chest Of These Bib Overalls|
|Asked For||$25,000 for 25% Equity|
|Final Deal||No Deal|
|Episode (Shark Tank USA)||Season 12 Episode 16|
|Air Date||March 5, 2021|
|Business Status||In Business|
|Net Worth||$300K *estimated|
|Headquarters||Des Moines, Iowa, United States|
|Go To Amazon||Buy Now|
Another Shark Tank Pitch
Who Is The Founder Of Muff Waders?
Taylor Nees and Garret Lamp (aka Earl and Buddy) are both the founders of Muff Waders. They come from a small town in Holstein, Iowa, the United States, which has about 1,500 residents.
They love fishing, hunting, and playing sports very much, both of them have grown up doing this.
Taylor Nees, an electrician at Holstein Electric Ltd. has been working in it since 1998.
Taylor did a degree in plc technician program from George Brown College, after which he earned a degree from ABC Electrical.
Garrett Lamp is a Marketing Person and is the Content Curator of Hy-Vee, Inc. he is the Co-Owner of Muff Waders as well as Top Brass dignitary and oversees its advertisements, etc.
Lamp studied BA, Advertisement from Iowa State University.
He worked as a video producer for 5 months in Drone DirectorE, after that, he was a contract Video producer for 1 year in Corteva Agriscience.
Muff Waders Before Shark Tank
Taylor came up with this idea during a high school football game in 2016.
Taylor thought that why not make a product that is like cloth and can hold the beer even when it is cold?
At the time of launch, Taylor made its prototype through sketches.
Taylor & Garret spoke to over 80 manufacturers to manufacture this product.
Earl and Buddy were ready to do anything to complete their business journey. They did not give up. He eventually got it in the Twin Cities to manufacture his overalls.
Launched a Kickstarter campaign for early-stage funding in November of 2018, The campaign deviated from its $135,000 goal.
September of 2019 This has become the manufacturer of the overalls, Facebook was selected for its advertisement.
He did video ads on Facebook, which brought 101,000 views in the first week.
By the end of 2020, he designed a new product called Muff Spenders. There are pockets on both the sides of this spender, beer and water bottles, etc. can be kept.
How Was The Shark Tank Pitch Of Muff Waders?
Earl & Buddy asked for $25K for Muff Waders in Shark Tank in exchange for 25% equity. Both these friends gave their presentation to the shark very well.
Taylor & Garrett explained during their pitch at Shark Tank that it meant “muff,” “manly” plus “tuff.”
He also told that he makes muff words for $35 and solders them for $85.
They used to sell this product on both Amazon and their official website. By the time he appeared in the Shark Tank episode, his total sales were $54,000.
Both of them have so far invested $75K in this business. Taylor’s $70K and Garrett’s $5K. He has not taken any kind of debt till now for this business.
This business’s supply chain logistics are completely different, says Shark.
Lori did not invest in this business, but she says that this is a very good product, and it will do very well in Facebook, and Instagram ads.
He had already run Facebook Ads for $200, in which he generated $2,000 in sales.
All the sharks refused to invest in this business because they did not find this business to be investable.
What Happened To Muff Waders After Shark Tank?
Muff Waders was a unique product from Shark Tank, this product got a great response from Shark.
No sharks invested in this business, they said that this business is not ready for investment yet.
Shark’s advice was that if this business is properly marketed, then it can do very good sales.
Garrett had revealed in Shark Tank that he ran $200 Facebook Ads, which brought him sales of $2,000.
Currently, the price of this company’s product Muff WADER, Muff Spender has not been increased, it is now at its old price.
This business has just been registered under the name Knee Deep Limited, LLC and both its primary products have been patented.
He has added some additional products so far which include clips, t-shirts, hats, and patches.
After the release of this Shark Tank episode of Muff Waders, his sales started growing steadily for a few months after that he became stable.
Right now we do not have its sales report available.
Muff Waders Shark Tank Update
This episode of Muff Waders aired on March 5, 2021, but the business did not get any deals in Shark Tank.
Earl & Buddy pitched well in Shark Tank but didn’t get any deals. He got advice from Shark that he should scale this business further.
The entry into Shark Tank was a positive step for entrepreneurs as their product was marketed to the American people for free.
This product is useful in daily life, so people will definitely be interested in this product.
March 2nd, 2021 This company was featured on the front page of the Sioux City Journal. Taylor had a 6-minute video interview in which he told about his product.
June 8th, 2020 A video was released in which Adam Sandoval (Vlogger) used this product during one of his trips.
We had received some reports which said that Muff Waders did millions of dollars in sales after Shark Tank.
What Is The Muff Waders Net Worth?
This company asked Shark for funding at a $100k valuation but Shark refused to invest in this business. Within these years, it has done millions of dollars in sales, so according to this Muff Waders, net worth can be $300k.
Is Muff Waders Still In Business?
This Muff Waders website is live in July 2022 and it is currently taking orders as well as it is also available on Amazon.
A few months back this company’s overalls were not available on Amazon as its stock was out but now it is available. But the price has been kept at $96.00 for both black and brown.
We visited his three social media platforms, Facebook, Twitter, and Instagram, on which he is actively posting.
They are using social media advertising for selling their products, especially on Facebook. He currently has 5,625 followers on Facebook.
The Muff Spender is going on a live sale where the price has been reduced to $50 and it was featured by nypost on June 26, 2022.
This is a trading product, if this product is marketed well then it can do million dollar business within a year.
Yes, Muff Waders is still in business as of July 2022, with annual revenue of $1 million.