Published:
4m
Madison, MS
| Name | Muddy Water Camo |
|---|---|
| Main Presenters | Steve Maloney and Stephen Kirkpatrick |
| Presenter Image | |
| Product Image | |
| Last Known in Business | 10/16/2022 |
| Main Location | Madison, MS Loading Map |
| Order Shown in Episode | 2 |
| Final Deal | All Sharks went Out |
The quack attack is back, Jack (Mighty Ducks reference https://youtu.be/QkFHXU5uQvcLink Preview
Steve and Stephan already raised $600k for 16% of Muddy Water Camo implying a $2.5 million valuation before selling anything. Muddy Water Camo sells its own garments through 58 retailers and licenses its designs to other brands. Sales this year are $150k so far and Steve and Stephan believe they can do $3 million in sales by year three.
Robert doesn't believe the slightly more realistic camo will help hunters shoot more ducks. All the sharks are uninterested in entertaining the desired valuation placed on Muddy Water Camo. Kevin makes an offer anyway, hoping to license the designs, but Steve and Stephan don't budge.
| Made By | Label | Sharks Part of Deal | Summary |
|---|---|---|---|
| Company | Offered | $150k for 5% of company | |
| Sharks | Out | Robert Herjavec | Out |
| Sharks | Out | Lori Greiner | Out |
| Sharks | Out | Daymond John | Out |
| Sharks | Out | Mark Cuban | Out |
| Sharks | Offered | Kevin O'Leary | $150k for 20% of company |
| Sharks | Out | Kevin O'Leary | Out |
| Update Season | Update Episode |
|---|---|
| No Episode Updates | |
Steve Maloney and Stephen Kirkpatrick did an interview https://www.sharktankblog.com/muddy-water-camo-update-interviewLink Preview
According to a 2015 article http://kingfish1935.blogspot.com/2015/01/photographer-accuses-attorney-will.htmlLink Preview
Steve Maloney - 24.27%
Stephen Kirkpatrick - 15.75%
Chris Bahl - 10%
Michael Simmons - 9.54%
David Holloway - 5.22%
Gregory Spring - 3.61%
Daniel Oscar Alexander - 3.61%
Will Clark - 2%
Bahl was a former Cabela's employee who claimed he might provide a $1.5 million investment, however never put any money in. Kirkpatrick opposed bringing Bahl in, claiming Bahl had been previously fired for "misconduct." In response, several investors threatened to sue Kirkpatrick for defamation of Bahl. Simmons created a secret investors email group in a "cool kids" club manner. The "cool kids" consisted primarily of Simmons, Holloway, Spring, and Alexander.
The "cool kids" formed another company under Yazoo, LLC in 2013, where Steve Maloney was left out of the conversation but got 5% equity and was given $10 for the patent. Stephan Kirkpatrick got nothing justified by made-up wrongdoings. Will Clark, a former pro baseball player received the largest equity increase. In 2013 Maloney and Kirkpatrick sent Bahl an email inquiring about basic info on the business, and they received a reply from Bahl laced with profanity refusing to provide info. The "cool kids" eventually realized the misconduct by Bahl was true and tried to hide the evidence until ultimately firing him. Bahl then got pissed off and threatened to sue Muddy Water and force the business to shut down. Muddy water filed a restraining order against Bahl.
In 2014 Muddy Water convinced the U.S. Patent and Trademark Office to remove Kirkpatrick from the patent. In 2015 Stephen Kirkpatrick sued Muddy Water Camo, claiming they tried to kick him out of the company he co-founded and steal his patent. The occurrence between 2015 and 2022 will require a bit more "investigative journalism" in the future.
As of 2022, Will Clark runs the Muddy Water Camo (Muddy Water Outdoors) website, muddywateroutdoors.com https://muddywateroutdoors.com https://www.instagram.com/muddywatercamo https://cs-law.com/attorneys/bio/michael-d-simmonsLink Preview
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In 2022 Stephen Kirkpatrick continues to release amazing wildlife photography through his website, kirkpatrickwildlife.com https://www.kirkpatrickwildlife.com https://www.instagram.com/kirkpatrickwildlifeLink Preview
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