Storm Bag Shark Tank Update (Season 15)

The Storm Bag is a reusable and non-toxic bag made from biodegradable burlap and linen. Crosslinked polyethylene powder has been filled inside this bag, which turns into jelly format as soon as it comes in contact with water.

It takes a few minutes to fill the bag and its special thing is that by keeping the bag hot for two weeks, it starts to dry out and the bag is ready for re-usable. The jelly in this bag is considered beneficial for the tree.

Company NameStorm Bag
FounderMiles Huffman and Maurice Huffman
ProductRe-usable Sand Bags
Asked For$200k for 10% equity
Final Deal$200k for 30% equity
SharkMark Cuban Shark Tank Profile Mark CubanLori Greiner Profile for Shark Tank Lori Greiner
Episode (Shark Tank USA)S15 E2
Air DateOct 6, 2023
Business StatusIn Business
WebsiteVisit Website
HeadquartersChico, California, USA
Lifetime Worth (Sales)$0.8M *estimated
Buy and WatchBuy NowAmazon Prime

Another Shark Tank Pitch

Who Is The Founder Of Storm Bag?

The founder of the Storm Bag business is Maurice Huffman and his son Miles Huffman is the partner. Maurice is a musician and also the owner of a military surplus store.

How Was The Shark Tank Pitch Of Storm Bag?

Son and father Miles and Maurice asked the sharks for $200k for 10% equity at $2 Million Valuation after appearing on Shark Tank. Maurice explained the Reusable sandbag to the shark and the shark was quite impressed by the features of the product.

They made $90,000 in the financial year 2022 without marketing. The selling cost of the product is $5.50 and the making cost of each is $2.

Kevin O’Leary went out of business Because the product it is competing against is free. Daniel Lubetzky and Daymond John together offered $200k for 40% equity. Mark Cuban and Lori Greiner jointly offered $200k for 30% equity.

Daniel and Daymond matched the offers from other Sharks. Maurice accepted Lori and Mark’s offer.

Storm Bag Shark Tank Update

Storm Bag got a deal on Shark Tank, and Mark Cuban and Lori Greiner invested in this business. Mark Cuban talked about focusing on product design and making commercial products. It is expected that after this the sales of the company will increase a lot.

After the Shark Tank episode of Storm Bag aired, many people may have purchased this product to use. This bag is reusable as well as eco-friendly.

The Storm Bag Company was founded by Mark and Lori. Changes in product design and market may be seen in the coming times. Currently, not much information related to this brand is available.

What Is Storm Bag’s Net Worth?

Storm Bag’s net worth is estimated at $0.5 million. This reusable bag is good for the environment and can also prevent floods. Maurice is making good revenue from this business. Hopefully, the growth of this business will increase after Shark Tank.

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.

YearsAnnual Revenue
2023$700k *estimated
2022$100k *estimated

Funding Reports to Date!

YearsFunding AmountInvestor
2023$200kMark Cuban
Lori Greiner

Storm Bag is an innovative product that not only solves a real problem but is also good for the environment. The way floods are increasing, this type of product is going to be very useful in the coming times.

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