StormBag Shark Tank Update | StormBag Net Worth

StormBag is a product that appeared in Season 15, Episode 02 of Shark Tank. It serves as an alternative to traditional sandbags used for flood prevention. What sets StormBag apart is its unique design and ease of use. 

Unlike traditional sandbags, which require labor-intensive efforts such as shoveling and packing sand, StormBags simplify the process by using water to fill up instead. 

When dry, each bag weighs only about one pound, but once fully hydrated, it expands to over 30 pounds and can be stacked like a regular sandbag.

The bags are made from a biodegradable and non-toxic material, ensuring they are environmentally friendly. After use, the bags can be placed out to dry and reused multiple times. 

When it’s time to dispose of them, the bags can even be cut open, and their contents can be scattered around the yard to help plants maintain moisture.

StormBags have demonstrated effectiveness in various scenarios, including damming a creek in under 10 minutes.

They have been widely used during natural disasters like Hurricane Irene in 2011, where they proved to be invaluable tools in aid efforts. 

The bags were used to block floodwaters and sold in large quantities to a hospital in New York that was affected by the hurricane.

In addition to their practicality during emergencies, StormBags has received positive user reviews. Although there are currently only three reviews on Amazon, all three are positive, with an average rating of 4.6 out of 5 stars. 

Users have found the bags convenient to fill and dispose of, although some recommend using them with other reinforcement materials for optimal results.

StormBag is an excellent choice for those seeking an effective and convenient solution to protect against flooding and storms. Its lightweight design, ease of use, and reusable nature make it a practical option for residential and commercial use. 

Company NameStormBag
EntrepreneurMiles Huffman and Maurice Huffman
ProductBags made from re-usable sand
Investment Asking For$200,000 For 10% equity in StormBag
Final Deal$200,000 For 10% equity in StormBag
SharkMark Cuban and Lori Greiner
StormBag Episode Season 15, Episode 2
StormBag Business StatusIn Business
StormBag WebsiteVisit Website
StormBag Net Worth$1 Million

What Is StormBag?

StormBag is a product designed to protect against flooding and water damage. It is a sandless sandbag alternative that weighs only one pound when dry, but it can expand to over 33 pounds when hydrated. 

StormBag eliminates the backbreaking labor and shoveling associated with traditional sandbags. To use StormBag, all you need to do is add water. When submerged, each bag can absorb approximately four gallons of water in 3-5 minutes. 

Once hydrated, the bags become heavy and can be used to create barriers and protect your home or property from incoming floodwaters.

StormBag Shark Tank Update | StormBag Net Worth

StormBags have been recognized and approved by various organizations, including the Department of Homeland Security, FEMA, the Salt Lake City Bomb Squad, and the National Guard. 

They are proudly made in the USA and are non-toxic, ensuring safety for humans and the environment.

StormBags stay hydrated for a certain period, depending on the weather conditions. They may dry out in hot, dry conditions after about two weeks. 

However, if they are continuously exposed to water, they will stay at their full size indefinitely. Once dehydrated, the bags can be stored and reused.

In terms of weight, a dry StormBag weighs one pound. The weight can range from 30 to 35 pounds when fully hydrated, depending on the conditions.

StormBags are plant-friendly as well. The bag’s contents are non-toxic and are made of biodegradable burlap and linen. This means that you can place a few bags around your trees or bushes during drought conditions to keep them hydrated for weeks.

StormBags are not meant for use in saltwater. They are not suitable for saltwater flooding situations. StormBags are non-toxic and landfill-friendly when it comes to disposal. 

Consider storing and reusing them later or using them to keep trees and bushes hydrated during drought conditions. StormBags will naturally dry up within a few weeks in hot and dry conditions.

Who Is The Founder Of StormBag?

The founders of StormBag are Maurice Huffman and his son, Miles Huffman. Maurice Huffman had prior experience as the owner of a military surplus store, which provided him with the knowledge and inspiration to create a unique solution for protecting houses from flooding.

The idea for StormBag was conceived as a response to the unprecedented weather disturbances that had caused havoc across countless homes in the United States. 

Instead of relying on traditional barriers that may prove ineffective in extreme weather conditions, Maurice Huffman envisioned a reusable sandbag that would accumulate incoming water and prevent flooding of houses and garages.

With his background in the military surplus store, Maurice quickly designed a layout for the product that would specifically target preventing flooding in certain areas. 

This design proved irresistible for people accustomed to weather disturbances, resulting in the bags gaining popularity and becoming highly in demand.

The initial venture started in 2007, and the product sold approximately 200 bags per week for an extended period. However, it was during Hurricane Irene in August 2011 that StormBag gained significant attention and success. 

The company sold 10,000 units within a week, showcasing the effectiveness and appeal of its innovative design.

The StormBags were designed to measure 23’’ by 13’’ when dry but could grow to 6 inches tall when hydrated. This allowed them to soak and hold extreme amounts of water, effectively sealing unwanted openings. 

While unsuitable for saltwater environments, StormBags found other uses, such as providing hydration to trees and bushes during droughts and serving as a lightweight and compact emergency solution.

Before appearing on Shark Tank, StormBag had already gained traction by selling their products through their website. The company’s unique selling point was the reusability of its sandbags. 

Unlike traditional, environmentally harmful single-use sandbags, StormBag provides a better solution in weather distress.

Maurice Huffman’s background as a military surplus store owner, combined with his innovative mindset, led to the conception and creation of StormBag as a unique solution to protect homes from flooding. 

The company gained success and popularity even before appearing on Shark Tank, with its innovative design and focus on reusability setting it apart from traditional sandbag solutions.

How Was The Shark Tank Pitch Of StormBag?

Maurice Huffman and his son, Miles Huffman, appeared on Shark Tank Season 15 to pitch their company, Stormbag. Stormbags are an alternative to traditional sandbags for protecting homes and businesses during storms and floods. 

The entrepreneurs were seeking an investment of $200,000 for 10% equity in their business, valuing StormBag at $2 million.

During their pitch, Maurice and Miles demonstrated the Stormbag product, an empty sack that can replace a traditional sandbag when soaked with water. It takes 3-5 minutes to soak the bag, and quickly weighs 30 pounds. 

The bag uses an absorbent polymer that can absorb 300 times its weight. It can be reused up to 3 times and takes 2-3 weeks to deflate as the water dries up.

The Sharks were impressed with the product and its potential. Mark Cuban and Lori Greiner offered $200,000 for 30% equity in the company. 

Daymond John and Daniel Lubetzky also offered $200,000 for 30% equity. 

However, Kevin O’Leary did not make an offer because he did not want to compete with free traditional sandbags.

Daniel Lubetzky then teamed up with Daymond John to offer $200,000 for 40% equity, wanting to have two Sharks on their side. 

In response, Mark Cuban and Lori Greiner matched their offer of $200,000 for 30% equity.

After some deliberation, Maurice and Miles accepted the deal from Mark Cuban and Lori Greiner. 

They believed the Sharks’ expertise and resources could be valuable in repackaging the products for different applications and expanding their business.

Ultimately, Stormbag secured an investment of $200,000 for 30% equity from Mark Cuban and Lori Greiner. 

Since appearing on Shark Tank, Stormbag has continued to do well in the market. Their product has gained recognition and approval from various organizations such as the Department of Homeland Security, FEMA, the National Guard, and the Salt Lake City Bomb Squad.

Stormbag’s products are non-toxic, made in the USA, and available on Amazon and their official website. They offer different package options for customers, including a 10-pack and a 25-pack. The company also provides wholesale packages of 250.

The Sharks saw potential in Stormbag’s innovative product, leading to a successful pitch and a deal with Mark Cuban and Lori Greiner.

Did StormBag Get a Deal on Shark Tank?

Yes, StormBag did get a deal on Shark Tank. In episode 1503, father and son team Miles and Maurice Huffman pitched their reusable “sandbags to the Sharks ” for disasters and flood prevention. They were seeking $200,000 for 10% of their business.

Miles and Maurice demonstrated their product by adding a dry bag to an aquarium full of water. The bag expanded, showcasing its ability to absorb water and form a heavy hydrogel. 

They explained that the bags are made of burlap filled with Crosslinked Polyacrylamide powder, which creates the hydrogel when mixed with fresh water. 

The bags function similarly to regular sandbags but can be easily stored and reused as they dry out in a few weeks.

The Sharks examined dry samples of the bags and were impressed with the technology and its reusability. However, there were concerns about the valuation of the business and the competition from free sandbags. 

StormBag had $90,000 in sales for the year with no marketing, and each bag cost $2 to make and sold for $5.50.

Kevin expressed concern about competing against free sandbags and passed on the opportunity. 

Lori had an idea to create baby bags for indoor plants but didn’t make an offer. 

Daniel whispered to Daymond, and they offered $200,000 for 40% of the business. 

Mark also whispered to Lori, and they offered $200,000 for 30% of the business. Mark suggested repackaging the product for different applications and increasing the price.

SharkOfferEquityResult
Mark Cuban$200,00030%Accepted
Lori Greiner$200,00030%Accepted
Daymond JohnRejected
Daniel LubetzkyRejected
Kevin O’LearyNo offerN/ARejected

Maurice Huffman and Miles Huffman accepted the joint offer from Mark Cuban and Lori Greiner, which was $200,000 for 30% equity in Stormbag. They rejected the offers from Daymond John, Daniel Lubetzky, and Kevin O’Leary.

Also read, Return Home Shark Tank Update | Return Home Net Worth

What Happened To StormBag After Shark Tank?

After appearing on Shark Tank Season 15 Episode 2, StormBag experienced significant growth and success in its business.

Featured on the show, StormBags were brought to consumers’ attention as a practical and innovative alternative to traditional sandbags for flood damage mitigation and prevention.

During the episode, StormBag received an investment offer of $200,000 for 10% equity from Mark Cuban and Lori Greiner. The pitch valuation was set at $2 million, and the offer was ultimately accepted. 

However, the sharks made a counteroffer, proposing $200,000 for 30% equity. The final valuation after negotiations was $666,667.

Following the Shark Tank deal, StormBag’s valuation increased to $700,000, indicating the growth and potential of the business. The exposure gained from the show helped StormBag reach a wider audience, resulting in increased sales and brand recognition.

StormBag’s impact expanded beyond residential settings, with commercial applications such as damming rivers and mitigating water damage at worksites. The product’s versatility and cost-effectiveness made it a valuable tool for various customers and organizations.

Furthermore, StormBags gained popularity on social media platforms like TikTok, where a video showcasing their performance went viral. This online exposure further contributed to the company’s success and brought attention to its practical applications.

StormBag experienced significant growth and success after appearing on Shark Tank, with increased sales, brand recognition, and expanded applications. The investment from Mark Cuban and Lori Greiner and the exposure gained from the show played a crucial role in propelling StormBag’s business forward.

Also read, Matador Meggings Shark Tank Update | Matador Meggings Net Worth

StormBag Shark Tank Update

After appearing on Shark Tank, StormBag received a lot of sympathy and attention for the founders’ story. Fans on Twitter expressed eagerness to support them. 

The exposure from the show was expected to generate at least $50,000 in sales for StormBag. The product’s simplicity and versatility made it suitable for various industries.

The founders, Maurice and Miles Huffman, entered the Tank in season 15, seeking a $200,000 investment for a 10% equity stake in their business. 

During the segment, the Sharks showed sympathy for the duo, but Kevin O’Leary was more focused on the business aspect, while Daniel Lubetzky aimed to come across as the nice guy.

Fortunately, Maurice and Miles were able to strike a deal on Shark Tank with Mark Cuban and Lori Greiner.

StormBag Shark Tank Update | StormBag Net Worth

Mark and Lori should close within the next three months after their appearance on Shark Tank. The founders would receive financial investment and guidance from Mark Cuban and Lori Greiner, which could boost their business growth and market presence.

To make it convenient for customers to purchase StormBag, the product is available on StormBag.co, Amazon, and the official website of Maurice’s military surplus shop, SwissLink.com. 

Customers can buy a single bag for $10 or purchase in bulk to save money. The text also mentions that the 50-pack of StormBags on Amazon has an average rating of 4.6 out of 5 stars, indicating positive customer satisfaction.

Additionally, StormBag expanded its product offerings beyond reusable sandbags. They introduced Door Protection Kits, specialized bundles that include various materials to safeguard doors of all sizes from heavy winds. This diversification is important for building a successful company with multiple products.

With the support and investment from Mark Cuban and Lori Greiner, increased sales from the publicity gained on Shark Tank, and the availability of StormBag through various online platforms, the future looks promising for StormBag and its business.

Also read, Toast-It Shark Tank Update | Toast-It Net Worth

Is StormBag Still In Business?

Yes, StormBag is still in business. The StormBag product, a reusable and non-toxic bag made from biodegradable burlap and linen, is designed to prevent floods. 

It contains crosslinked polyethylene powder that turns into a jelly-like substance when it comes in contact with water. The bag can be filled in just a few minutes and reused after drying out for two weeks.

After appearing on Shark Tank, StormBag received a deal from Mark Cuban and Lori Greiner, who invested $200,000 for 30% equity in the business. 

Mark Cuban emphasized the importance of focusing on product design and making commercial products, which is expected to contribute to the company’s growth.

StormBag is headquartered in Chico, California, United States, and employs 2-10 people. 

StormBag has been in business since its founding by Maurice Huffman, who invented the product. The bag’s eco-friendly and reusable nature makes it a valuable solution to prevent floods and address environmental concerns.

What Is the Net Worth Of StormBag?

According to our research, StormBag’s net worth is estimated to be $1 million. The valuation of StormBag was $700,000 after securing an investment from Mark Cuban and Lori Greiner.

5/5 - (4 votes)
2 Shares: