What Happened To Storm Bag After Shark Tank Update?
Storm Bag After Shark Tank Update: A Storm Bag is a reusable sandbag that works to prevent floods. Father Miles Huffman and son Maurice Huffman’s team started this storm bag business. Maurice invented this unique product and he used to sell this bag at his military surplus store.
He used to sell 200 bags every week, but in August 2011 when Hurricane Storm came, he sold approximately 10,000+ bags in one week. In 2011, Maurice did a perfect business and made almost a thousand dollars worth of revenue in just one week.
What Is Storm Bag?
The Storm Bag is a reusable and non-toxic bag. It’s made from biodegradable burlap and linen. Inside this bag crosslinked polyethylene powder has been filled, When it comes in contact with water it turns into jelly format.
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.
Who Is The Founder Of Storm Bag?
Maurice Huffman and his son Miles Huffman are the founders of the Storm Bag business. Maurice is a musician and also the owner of the military surplus store.
Storm Bag Shark Tank Update
| 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 | |
| Headquarters | Chico, California, USA | |
| Storm Bag Net Worth | $0.8M *estimated | |
| Storm Bag Instagram | View Profile | |
| GO TO AMAZON | Buy Now | |
Also Read This: What Happened To Supermix Studio After Shark Tank Update?
Storm Bag on Shark Tank Pitch
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 sharks and the sharks was impressed by the features of the product.
In the financial year 2022 they made $90,000 without marketing. the cost of the selling product is $5.50 and the making cost is $2 each.
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 the other sharks. Maurice accepted the offer of Lori and mark.
Storm Bag Net Worth
Storm Bag’s net worth is estimated at $0.5 million. This product is really 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.
Is Storm Bag Still In Business?
Yes, Storm Bag is still in business as of November 2023.
Strom bag is very innovative product. It not only solves a real problem but also environment friendly. As of times floods are increasing, this type of product is going to be very useful in the future.
The headquarters of this business is in Chico, California, United States, and 2-10 people are working in it.
FAQs
Maurice Huffman and his son Miles Huffman are the founders of the Storm Bag business.
Storm Bag’s net worth is estimated at $0.5 million.
Yes, Storm Bag is still in business as of November 2023.
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