Co.ALITION is a durable, water-resistant backpack with a charging station for laptops and other electronics. This was founded by Jeff Popp and Casey Lorenzen in 2012. Co.ALITION’s net worth was $1 million at the time of their pitch in 2016 based on the $200,000 offer for 20% of equity of the company.
They appeared on Season 7 of Shark Tank USA in 2016. Kevin O’Leary suggested and asked if they would take an offer to combine Co.ALITION with their other company, MHM. However, the owners did not agree with it. The rest of the other Sharks were not interested in investing in Co.ALITION.
Jeff and Casey had to leave the show without securing a deal for Co.ALITION. The company continued to do business after the show, but unfortunately, it didn’t bring much luck in the long run. In 2017, Co.ALITION ceased operations for unclear reasons. The product is no longer available in the market.
Co.ALITION Net Worth
| Net worth | $1 million (2016) |
| Annual Sales Revenue | $1.4 million (2016) |
| Profits | – |
| Lifetime sales | – |
| Investor | – |
| Founders | Jeff Popp and Casey Lorenzen |
| Employees | – |
Co.ALITION Net Worth Timeline
| Net Worth 2023 | Out of business |
| Net Worth 2022 | Out of business |
| Net Worth 2021 | Out of business |
| Net Worth 2020 | Out of business |
| Net worth valuation in 2016 before appearing on Shark Tank | $1 million (business valuation) |
Co.ALITION Pitch on Shark Tank
| Company name | Co.ALITION |
| Product | A durable, water-resistant backpack with a charging station for laptops and other electronics. |
| Episode | Season 07 Episode 15 |
| Founders | Jeff Popp and Casey Lorenzen |
| Asked for | $200,000 for 20% equity |
| Final deal | No deal |
| Shark | No shark |
| Location | Denver, Colorado |
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Co.ALITION Founders
Jeff Popp and Casey Lorenzen founded Co.ALITION in 2012. Jeff graduated from the University of Colorado Boulder. Jeff was fond of becoming an entrepreneur from a young age. He started his first own business in 2009. Jeff is currently the CEO of Kokopelli Packraft. Casey Lorenzen, the co-founder, graduated from the University of Northern Colorado. He was Vice President and the Brand Director for MHM. He is currently a Global Photography Lead. Co.ALITION’s founders, Jeff Popp and Casey Lorenzen’s, net worth is unknown as of 2023.
Key accomplishments
| Year | Accomplishment |
| 2016 | Co.ALITION was featured on Shark Tank |
Conclusion
Some companies that appear on the show have not achieved great success, and the Co.ALITION was one of them. Sometimes businesses don’t succeed because of many reasons. Sometimes, the deal falls through after the founders say yes on camera. Or, as you’ll see, sometimes things happen to the founders themselves, and they choose to abandon the business. Anything is possible. However, Co.ALITION went out of business in 2017. And the product is no longer available in the market.