LugBug, a comfortable attachment for any baby car seat carrier, was started by Nathan Day. LugBug’s net worth was $3 million at the time of their pitch in 2019 based on the $300,000 offer for an 10% of equity of the company.
They appeared on Season 10 of Shark Tank USA in 2019. But the Sharks were not interested in investing in LugBug. The Sharks were not satisfied with business ideas and company valuation.
As of June 2021, the business is “on hold.” In September 2022, there’s no change. As of August 2023, Nathan still says it’s “open,” but the website is down. It seems safe to say the business is closed.
LugBug Net Worth
| Net worth | $3 million (When appeared on Shark Tank Show) |
| Annual Sales Revenue | Out of Business |
| Profits | Out of Business |
| Lifetime sales | Out of Business |
| Investor | None |
| Founder | Nathan Day |
| Employees | – |
LugBug Net Worth Timeline
| Net Worth 2024 | Out Of Business |
| Net worth valuation 2019 before appearing on Shark Tank | $3 million |
LugBug Pitch on Shark Tank
| Company name | LugBug |
| Product | Baby seat carrier handles |
| Episode | Season 10 Episode 02 |
| Founder | Nathan Day |
| Asked for | $300,000 for 10% equity |
| Final deal | No Deal |
| Sharks | No Sharks |
| Location | Scottsdale, Arizona |
Don’t miss these product from Season 10
LugBug Founder
LugBug was founded by Nathan Day in 2019. Nathan Day, a dedicated dad, wanted to solve the problems of carrying a baby car seat. His idea for LugBug started when he hurt his shoulder carrying his youngest daughter in the car seat that hit his leg. LugBug’s founder, Nathan Day’s net worth is unknown.
Key accomplishments
| Year | Accomplishment |
| 2019 | The company appeared on Shark Tank USA Season10. |
Conclusion
Some companies that appear on the show have not achieved great success, and the LugBug 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, LugBug went out of business in 2021. And the product is no longer available in the market.
