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 | – |
| Investors | Mark Cuban and Lori Greiner |
| Founders | Konel Banner and Frank Weston |
| Employees | 48 |
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 name | InstaFire |
| Product | Instant fire-starter |
| Episode | Season 07 Episode 19 |
| Founders | Konel Banner and Frank Weston |
| Asked for | $300,000 for 10% equity |
| Final deal | $300,000 for 30% equity |
| Sharks | Mark Cuban and Lori Greiner |
| Location | 2640 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:
| Year | Accomplishment |
| 2023 | InstaFire become a very popular 100% all-natural fire starter |
| 2016 | InstaFire 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.
