Man-PACK Shark Tank Update | Man-PACK Net Worth

Man-PACK is a company that specializes in designing and manufacturing functional and stylish bags for men. The company was founded by Aaron Tweedie in 2011.

Man-PACK bags are designed to be practical and comfortable, allowing men to carry their everyday essentials, including laptops, tablets, phones, and other items, with ease and organization.

The Man-PACK bags typically feature a sling-style design that can be worn across the body, providing a hands-free and versatile carrying experience.

These bags have various compartments and pockets to help organize belongings, and they often include features such as adjustable straps, padded sections for electronics, and water-resistant materials.

The Man-Pack was designed by a general contractor who could not find a pouch that would allow him to be the subject of humorous conversations on the job site. All that masculinity does not come at the expense of being comfortable.

Man-PACK bags are available for purchase through their website and various online retailers, catering to customers who value function, style, and durability in their everyday carry gear.

What Is Man-PACK?

Man-Pack is a range of sling-style messenger bags for men. This bag replaces a backpack, a briefcase, a standard messenger, and a dreadful fanny pack. It would have been wonderful for Indiana Jones if he had a bag like this as a kid!

The average guy carries about 4.5 pounds of gear in his pockets and on his person daily: keys, phone, sunglasses, wallet, watch, knife, torch, and even a weapon.

Man-PACK addresses this issue with a small messenger bag designed specifically for men that can be worn in three ways. There are also numerous pockets, storage spaces inside and outside, and easily accessible zippers in Man-Pack.

Who Is The Founder Of Man-PACK?

Aaron Tweedie is the founder of Man-PACK. Aaron graduated from Old Dominion University with a BBA and served in the US Army National Guard. His later career included work as a realtor and a Cadet Development Officer.

The founder of Man-Pack, Aaron Tweedie, pitched his business idea to Shark Tank in November 2014. His current title is developing manager at a firearms training facility, where he still works as the CEO.

Like many ex-military men, Aaron loves gear and storage options for his stuff. However, the importance of preparation and rapid access will be apparent to any soldier or marine. Aaron learned humility while shooting rifles in Virginia as a child.

Aaron Tweedy recently made his Shark Tank debut, seeking a $200,000 investment in exchange for a 29 percent stake in his company, Man-Pack. The Man-Pack is a vertical messenger bag with a slim profile made by men for men.

He was always looking for fresh concepts due to his flair for sales and ambition to create. Due to this curiosity, he felt a market for a guy-specific backpack that matched his military background.

Today, the average male carries more than 4.4 pounds of personal items, including keys, wallets, cell phones, and iPads. 40 years ago, men carried nothing more than a money clip.

The men must also carry items, but they have limited options – the backpack, the briefcase, the occasional messenger bag (which is still inconvenient most of the time), and the fanny pack.

However, Aaron has created a superior product called Man-Pack that you can wear in three ways. The average American gentleman would be proud to wear it. His first step was establishing his firm and product, which he did with $5000 of his own money.

He gained a following within the military after bringing his product to market, particularly among those engaged in covert operations. The first is called a Bandolier style, which looks like a messenger bag with a single strap across the chest.

However, loosen the strap using the utility clasp if you need to remove the Man-Pack quickly. A magnetic clasp on the strap automatically closes the compartment for your mobile. A collapsible beverage holder and three rows of storage can be closed outside the bag.

However, the most intriguing feature of the Man-Pack is the ability to access the bag’s interior. You don’t have to remove the pack to access the contents – simply turn it around and unzip it.

He sold approximately 6,000 Man-Packs for $60 each, with a target of approaching 65,000 units for the fiscal year. However, he saw that he would want an investor to scale.

Furthermore, the Man-Pack interior features auxiliary compartments for miscellaneous items. A Man-Pack is suitable for wearing over one shoulder and won’t slide or fall off like messenger backpacks.

The strap design will still distribute the weight evenly across your lower back. You can even wear the bag in front of you on a bus or train to protect yourself from theft or pickpockets.

How Was The Shark Tank Pitch Of Man-PACK?

Aaron Tweedy appeared on Shark Tank requesting an investment of $200,000 in exchange for a 29% stake in Man-Pack. Man-Pack aspires to increase the preparedness of men because a prepared man is a better man. Sharks can turn the man-bag into a man-pack. 

When Robert sees Aaron, he immediately inquires about his history, suspecting that Aaron may have some military training or experience. He built his first house at 19 in Fort Benning, Georgia.

Aaron admits that when he entered the Shark Tank, Lori was bored by the prospect of another men’s bag but was amazed by the Man-functionality. The Sharks, led by Mark, ask Aaron for samples, and Aaron delivers them to each of them – including Kevin, who receives a black one to match his “soul color.”

They quickly inquire about sales, and Aaron replies that he sold about 6,000 packs last year and has sold around 65,000 units so far in 2014 (early enough, by September). The sales projections for 2014 were around $145,000.

Man-Pack bags retail for $59.95 each, and creating one bag costs $22.05. The market for stylish and functional tactical backpacks for men may need some education, as Kevin feels that differentiating the bag from other options is difficult. 

Aaron agrees although the market for these bags is still in its infancy. Mark jokes that the Man-Pack is the new “murse,” or man-purse. The Man-Pack, on the other hand, is not a handbag or a backpack; it is something altogether different — it is a Man-Pack.

Robert claims that he encountered similar bags on his travels to Europe and was not embarrassed to wear them publicly because nearly every gentleman wore the same bag style.

When he returned to the United States, he was terrified to wear the bag out in public for fear of being mocked for being unusual. He clarifies that Aaron is not developing a “murse,” as some might think.

Aaron sells to military officers, CIA agents, security, and police officers. Robert says he never laughs at armed people. Aaron asked Mark how many units were sold through the online store in the previous month.

Mark redirects the group’s attention to Aaron’s sales. Man-Pack sold only 40 copies last month. Aaron founded the company with only $5,000 and has been amazed to see how much he has accomplished with such a small budget.

Aaron then responds that the design patent alone is worth $50,000, to which Daymond inquires how Aaron arrived at a $700,000 valuation.

Aaron replies that Man-Pack could only patent the appearance of the bag – none of its functions were patented. The Sharks ask how Aaron was able to patent the bag.

A total of $700,000 representing sales in the last two years is roughly $145,000, while $18,000 represents intellectual property – in this case, a bank of YouTube videos and other advertising for Man-Pack.

Robert seems perplexed at Aaron’s valuation of the commercials, but Aaron explains its intrinsic value and how it generates additional value. This is met with an amusing response from Mark, who calls it a smart response.

Aaron uses the analogy of a cheeseburger and a bar of gold to illustrate how everything depends on the scenario and who has and needs what. The remaining $200,000 of the estimated $700,000 is in goodwill.

However, Kevin believes that if he gives Aaron $200,000, he must hold 266 percent of the company. Kevin refers to Man-minimal Pack’s sales and then affirms that he is withdrawing from the agreement and is no longer interested.

Kevin’s fiscal conservatism prevents him from investing in Man-Pack. Kevin describes Aaron as a “fantastic hustler” and a “wonderful marketer,” but expanding to a larger state becomes too difficult. Mark is not part of the deal, either.

Daymond states that they observe people with successful and terrible sales and then wager on the individual. Daymond’s analysis also focuses on small indicators of how the person will perform as a partner – by attaching a value of $18,000 to the YouTube commercials. 

He shows Aaron’s incompetence concerning determining what partners require and what is necessary to run the business. Daymond is also out. Robert confesses that he was taken aback by Aaron but not by the product, which resembles a messenger bag.

Robert also declined to participate in the deal, claiming that he is aging and must maximize his investment. Lori is now the sole remaining Shark.

Lori begins by stating that she has no idea what men carry around, but based on her years at QVC, she recognizes that products like the Man-Pack face stiff competition.

She is unsure how many people will purchase the product, given the Man-Pack offers no differentiation from other messenger backpacks. 

Lori invested in the individual, not the product, and thus departed the deal as the final and final Shark. All the Sharks were out, and Aaron left the Shark Tank stage without securing any deal for Man-Pack.

Final Deal: No deal between Man-Pack and Sharks.

What Happened To Man-PACK After Shark Tank?

After its appearance on Shark Tank, Man-Pack has introduced new designs, including the Spitfire, a sling-style bag for gun owners. The new design of Man-Pack contains a hidden zippered compartment that can conceal gear and conceal concealment carry.

Man-PACK is still active in business and has expanded its product line to include concealed carry and bulletproof products. The annual revenue of Man-Pack is around $3 million.

Man-PACK Shark Tank Update

The Man-Pack 2.0 resulted from a Kickstarter campaign launched in 2015 to raise funds for redesigning and retooling the Man-Pack. The Classic 2.0 design has been refined and strengthened, and the bag has been renamed an “everyday carry” bag or EDC.

Given that men often carry the same items while performing the same jobs, the bag is nonetheless marketed as a way for men to keep more prepared. The pricing has remained the same at $62.95 on Amazon and $69.99 direct from the Man-Pack store.

The Man-Packs have been updated, and the more durable Classic 2.0 version is now available for $69.95, while the classic “sling messenger bag” remains $59.99.

Both goods have exceptional reviews, averaging 4 to 4.5 stars across 181 and 51 reviews, respectively. The Man-Pack 2.0 classic bag is significantly more popular than its original messenger bag predecessor.

What Is the Net Worth of Man-Pack?

The valuation of Man-Pack was $689,000 when it appeared on Shark Tank. The net worth of Man-Pack is estimated to be $3 million.