Stormbag Shark Tank Update

Stormbag Shark Tank Pitch

Maurice and Miles Huffman appeared on Shark Tank Season 15, Episode 2, which aired on October 6, 2023, with Sandbag alternative.

Stormbag is listed in the Consumer Products category. In plain terms, the business is described as Sandbag alternative.

Stormbag asked the Sharks for $200,000 for 10% equity, implying a valuation of about $2 million.

On the show, Stormbag made a listed deal with Mark Cuban and Lori Greiner for $200,000 for 30% equity.

If treated as straight equity, the listed deal works out to about $666,666.667 implied valuation, down from the original $2 million implied valuation.

This pitch is included as context for the more important question: what happened after Shark Tank.

Stormbag After Shark Tank

Stormbag accepted an on-air deal for $200,000 for 30% equity. Stormbag remained active after the episode. (Storm Bag Shark Tank Update – Shark Tank Season 15

After the episode aired, Maurice and Miles decided not to move forward with the deal with Mark and Lori. (Storm Bag Shark Tank Update – Shark Tank Season 15

Stormbag sold out within a week and brought in over $50,000 in new orders. (Storm Bag Shark Tank Update – Shark Tank Season 15

A few years after airing, Stormbag continued to report sales growth. (Storm Bag Shark Tank Update – Shark Tank Season 15

Storm Bag is available for purchase directly on Stormbag's official website and on Amazon. (Storm Bag Shark Tank Update – Shark Tank Season 15

Sources

Sources used for this page: sharktankblog.com