Power Pot is a portable electric generator that doubles as a camp cooking pot. David Toledo and Caleb Light started this business in 2012. Power Pot’s net worth was $1.6 million in 2014 based on the Shark Tank deal.
In 2014 they appeared on Season 5 of Shark Tank USA and made a deal with Mark Cuban, $250,000 for 12% equity + 3% in advisory options.
Thanks to their successful pitch, David and Caleb could get a deal for Power Pot. After the show, the company made great progress. In 2022, Thrasio acquired Power Pot for an undisclosed amount and renamed as Power Practical. As of November 2023, Power Practical is still available in the market with a range of products.
Power Pot Net Worth
|Net worth||$1.66 million (2014)|
|Annual Sales Revenue||$2 million (2013)|
|Founders||David Toledo and Caleb Light|
Power Pot Net Worth Timeline
|Net Worth 2023||Unknown|
|Net Worth 2022||Unknown|
|Net Worth 2021||Unknown|
|Net Worth 2020||Unknown|
|Net worth valuation in 2014 after appearing on Shark Tank||$1.66 million|
|Net worth valuation in 2014 before appearing on Shark Tank||$2.5 million|
Power Pot Pitch on Shark Tank
|Company name||Power Pot|
|Product||A portable electric generator that doubles as a camp cooking pot|
|Episode||Season 05 Episode 24|
|Founder||David Toledo and Caleb Light|
|Asked for||$250,000 for 10% equity|
|Final deal||$250,000 for 12% equity + 3% in advisory options|
|Location||Salt Lake City, Utah|
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Power Pot Founders
David Toledo and Caleb Light founded Power Pot in 2012. David completed his bachelor’s degree at the University of Utah, and his Ph.D. at Cornell University. David is a researcher in Material Sciences and Engineering, and also a promising entrepreneur. Caleb graduated from Utah Valley University majoring in Accounting and Entrepreneurship. He has professional experience in the sales field. Power Pot’s founders David Toledo and Caleb Light’s net worth is unknown as of 2023.
|2014||Power Pot got featured on Shark Tank|
Within the same year of the pitch, Power Pot exceeded $2 million in sales
|2022||Power Pot was rebranded as Power Practical|
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 Power Pot and its continued success.