Shark Tank Pitch

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Under the Weather Shark Tank Update

2m

Fitness Outdoors

Pitch Overview
NameUnder the Weather
Main PresentersRick Pescovitz
Order Shown in Episode4
Final DealOffer made from sharks

Under the Weather Shark Tank Pitch

Rick Pescovitz appeared on Shark Tank Season 8, Episode 20, which aired on April 7, 2017, with Essentially, Under the Weather is a tent/chair combination (they're called pods) that's portable, but not cumbersome. It keeps you warm and dry in cold weather and offers sun protection in warm weather..

Under the Weather is listed in the Fitness Outdoors category. In plain terms, the business is described as Essentially, Under the Weather is a tent/chair combination (they're called pods) that's portable, but not cumbersome. It keeps you warm and dry in cold weather and offers sun protection in warm weather..

Under the Weather asked the Sharks for $600,000 for 10%, implying a valuation of about $6 million.

On the show, Under the Weather made a listed deal with Mark Cuban for $600,000 for 15%.

If treated as straight equity, the listed deal works out to about $4 million implied valuation, down from the original $6 million implied valuation.

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

Offers

Made ByLabelSharks Part of DealSummary
SharksDealMark Cuban$600,000 for 15%
CompanyOffered$600,000 for 10%

Updates in Shark Tank Episodes

Update SeasonUpdate Episode
No Episode Updates

Under the Weather After Shark Tank

Under the Weather accepted an on-air Shark Tank deal for $600,000 for 15%. The on-air deal did not close. The company is still in business. (Under the Weather Shark Tank Update ).
Under the Weather reported annual revenue of $5 million as of November, 2023. (Under the Weather Shark Tank Update ).
Products from Under the Weather are only sold at DICK's Sporting Goods, Field & Stream, SCHEELS, Walmart, Amazon and his own website. (Under the Weather Shark Tank Update ).
Both companies continue to sell their versions of their "Sportspods" but UTW has stopped using the term and now calls it the "My Pod." When 2020 rolled around, sales dropped 70% because nobody was going to sporting events, so Rick pivoted. (Under the Weather Shark Tank Update ).

Sources

Sources used for this page: Shark Tank API pitches , Shark Tank API episodes , sharktankblog.com .

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