InstaFire Net Worth 2023 Update (Before & After Shark Tank)

Shark-Tank-US-Net-worth-Update-InstaFire

InstaFire, an Instant fire starter, was started by Konel Banner and Frank Weston in 2008. As of November 2023, InstaFire net worth is $7.5 Million and they’re pulling in a whopping $4 million in annual revenue.

On February 21, 2016, they appeared on Season 7 of Shark Tank USA and made a deal with Mark Cuban and Lori Greiner, for $300,000 for 30% equity. The final valuation was $1 Million, down from the founder’s initial estimate of $3 Million.

InstaFire is still in business and has become the safest and most powerful firestarter now in the market. Their products are available on the website and on Amazon.

InstaFire Net Worth

Net worth$7.5 Million (2023)
Annual Sales Revenue$4 million (2022)
Profits
Lifetime sales
InvestorsMark Cuban and Lori Greiner
FoundersKonel Banner and Frank Weston
Employees48

InstaFire Net Worth Timeline

Net Worth 2023$7.5 Million
Net Worth 2022$6 Million
Net Worth 2021$4.5 Million
Net Worth 2020$3 Million
Net worth valuation in 2016 after appearing on Shark Tank  $1 Million
Net worth valuation in 2016 before appearing on Shark Tank  $3 Million

InstaFire Pitch on Shark Tank

Company nameInstaFire
ProductInstant fire-starter
EpisodeSeason 07 Episode 19
Founders Konel Banner and Frank Weston
Asked for$300,000 for 10% equity
Final deal$300,000 for 30% equity
SharksMark Cuban and Lori Greiner
Location2640 Industrial Drive, Ogden

Don’t miss these products from Season 7

InstaFire Founders

InstaFire was founded by Konel Banner and Frank Weston in 2008. The founders got the idea to start the company when they saw an old mountain man lighting a rock on fire. They are outdoor adventure lovers. InstaFire’s founders, Konel Banner and Frank Weston, have a net worth of $7.5 Million as of 2023.

Key accomplishments:

YearAccomplishment
2023InstaFire become a very popular 100% all-natural fire starter
2016InstaFire appeared on Shark Tank

Conclusion

From their beginnings on Shark Tank to their current status as a thriving business. They have proven that with the right idea and execution, anything is possible. We can’t wait to see the future for InstaFire and its continued success.