The Storm Bag is a reusable, non-toxic bag made from biodegradable burlap and linen. It contains crosslinked polyethylene powder, which transforms into a gel when it comes into contact with water.
The bag takes only a few minutes to fill, and a unique feature is that after keeping it warm for two weeks, the bag dries out and becomes ready for reuse. The gel inside the bag is also considered beneficial for trees.
Company Name | Storm Bag | |
Founder | Miles Huffman and Maurice Huffman | |
Founded | TBD | |
Product | Re-usable Sand Bags | |
Asked For | $200k for 10% equity | |
Final Deal | $200k for 30% equity | |
Shark | Mark Cuban | Lori Greiner |
Episode (Shark Tank USA) | S15 E2 | |
Air Date | Oct 6, 2023 | |
Business Status | In Business | |
Website | Visit Website | |
Headquarters | Chico, California, USA | |
Lifetime Worth (Sales) | $0.8M *estimated | |
Buy and Watch | Buy Now | Amazon Prime |
Another Shark Tank Pitch
Who Is The Founder Of Storm Bag?
The founder of the Storm Bag business is Maurice Huffman, with his son Miles Huffman as a partner. Maurice is a musician and also owns a military surplus store.
How Was The Shark Tank Pitch Of Storm Bag?
Father and son duo, Maurice and Miles Huffman, appeared on Shark Tank, asking the sharks for $200k in exchange for 10% equity, valuing their business at $2 million. Maurice explained the reusable sandbag product, and the sharks were impressed by its features.
In 2022, without any marketing, they generated $90,000 in sales. The product costs $2 to make and sells for $5.50.
Kevin O’Leary opted out, stating the product competes with free alternatives. Daniel Lubetzky and Daymond John offered $200k for 40% equity, while Mark Cuban and Lori Greiner jointly offered $200k for 30% equity.
Daniel and Daymond matched the other offer, but Maurice ultimately accepted Lori and Mark’s deal.
Storm Bag Shark Tank Update
Storm Bag secured a deal on Shark Tank, with Mark Cuban and Lori Greiner investing in the business. Mark emphasized focusing on product design and developing commercial products. As a result, the company is expected to see significant sales growth.
After the Shark Tank episode aired, many people may have purchased the Storm Bag for its reusable and eco-friendly features.
While the company was founded by Maurice and Miles Huffman, product design and market changes may occur under Mark and Lori’s guidance. Currently, there isn’t much additional information available about the brand.
What Is Storm Bag’s Net Worth?
Storm Bag’s net worth is estimated at $0.5 million. This reusable, eco-friendly bag is not only beneficial for the environment but can also help prevent floods. Maurice has been generating solid revenue from the business, and it’s expected that growth will increase following the Shark Tank appearance.
Annual Revenue by Years
Note: This report is based on our research and data so far. In this, we are only estimating the annual revenue.
Years | Annual Revenue |
2023 | $700k *estimated |
2022 | $100k *estimated |
Funding Reports to Date!
Years | Funding Amount | Investor |
2023 | $200k | Mark Cuban Lori Greiner |
Storm Bag is an innovative solution that addresses a real problem while being environmentally friendly. With the increasing frequency of floods, products like this are likely to become even more essential in the future.