What happens when you walk into Shark Tank, shake hands with a billionaire investor, and still end up building a multimillion-dollar brand without that deal? That’s exactly what happened to Rick Pescovitz, the founder of Under the Weather Pods, now rebranded as WeatherPod®. Despite a promising pitch and a verbal agreement with Mark Cuban, the deal quietly fell through after the cameras stopped rolling. But that didn’t stop the business from booming.
Under the Weather Pods Net Worth & Revenue Update (2025)
As of late 2024, WeatherPod® (formerly Under the Weather Pods) is estimated to have a net worth of approximately $10 million, based on publicly cited revenue figures and standard private business valuation methods.
While the company does not disclose its financials (being privately held), multiple sources including SharkTankRecap.com and other business reporting sites estimate that WeatherPod generates around $5 million in annual revenue as of 2024. This figure aligns with their strong e-commerce presence, wide retail distribution, and product expansion in recent years.
To estimate the net worth of a private consumer product company, a common industry method is applying a valuation multiple based on annual revenue. For a mature DTC (direct-to-consumer) business with proprietary products, established branding, and patent protection, the typical revenue multiple ranges from 1.5x to 2.5x, depending on profitability, growth trajectory, and IP defensibility.
WeatherPod has:
- Over a decade of operational history
- A product line protected by multiple patents
- A broad and loyal customer base
- Adaptability (e.g., launching ShieldPod during COVID)
- National and international distribution
- Continued brand recognition post-Shark Tank
Given these strengths, applying a 2x revenue multiple to their estimated $5 million in revenue is both realistic and conservative:
$5 million revenue × 2 = $10 million estimated net worth
This aligns with what similar product-based, privately held companies in the outdoor and consumer gear space might be valued at when they have strong brand identity and direct sales channels.
In short, even without closing their Shark Tank deal, WeatherPod’s steady growth and market adaptability have positioned them as a strong $10 million brand in the outdoor gear space.
What makes this particularly impressive is that these numbers were achieved without receiving any Shark Tank funding. Although the deal with Mark Cuban was not finalized, the brand used its national exposure to build a loyal customer base and expand its product line. For a product that was once called “ridiculous-looking” by one of the Sharks, that’s no small feat.
The Shark Tank Deal That Didn’t Close
Rick Pescovitz appeared on Shark Tank in Season 8, seeking $600,000 in exchange for 10% equity. His product, an enclosed, pop-up personal tent designed to protect people from rain, sun, and wind, caught the attention of multiple Sharks. After testing the product live on set, Mark Cuban made an offer: $600,000 for 15% equity, with an option to purchase an additional 10%.
Rick accepted the offer, and it appeared to be a done deal. However, during the post-show due diligence phase, the agreement fell apart. This situation is not uncommon. In fact, many deals on Shark Tank do not make it past this stage.
RELATED: Why are 50% of the Shark Tank Deals Not Getting Close?
Still, the exposure from the show had a significant impact. According to reports, sales increased substantially in the months following the episode’s airing, proving that visibility can sometimes be more valuable than investment.
If you were a Shark, would you have closed the $600K deal with Under the Weather Pods?
The Family Behind the Brand
The story behind WeatherPod is deeply personal. Rick came up with the idea while watching his kids’ sports games and becoming tired of freezing in the rain or baking in the sun. His solution was a pop-up pod that would allow him to cheer comfortably regardless of the weather.
His wife, Kelly Mahan, later joined the business and now serves as the company’s CEO. With Rick’s background in textiles and Kelly’s expertise in marketing, the couple turned a simple idea into a practical product loved by families across the country.
There’s also an emotional layer to the story. Rick revealed during his Shark Tank pitch that his brother had tragically passed away the day after hearing about the pod concept. That loss gave him even more motivation to keep going, and that spirit still defines the company’s mission today.
Product Line Evolution: From Sidelines to ShieldPods
Originally launched as the SportsPod™, the brand’s catalog has grown significantly. Today, WeatherPod offers a wide range of products for different use cases, including:
- MyPod™ and MyPod XL: Designed for 1 to 2 people
- MegaPod™ and MegaPod Deluxe: Fits up to 4 people and is ideal for all-season protection
- Side-by-Side™ Pods: Provides more space for multiple occupants
- Mobility Collection: Created for users with walkers, wheelchairs, or scooters
- ShieldPod™: Introduced during the COVID-19 pandemic for frontline protection
All pods feature weather-resistant fabric, which provides UV protection (UPF 50), rain deflection, and wind resistance. They are also easy to set up and fold down, using a single-piece wire frame system that pops up instantly.
Distribution and Customer Reach
WeatherPod uses a multi-channel distribution strategy. Their primary sales happen through their official website, shopweatherpod.com, and they also have a strong presence on Amazon, where reviews frequently highlight the product’s convenience and durability. The brand has expanded into retail stores across the U.S., including partners like DICK’s Sporting Goods, Walmart, and SCHEELS.
In addition to direct sales, the company has established connections with the healthcare sector, notably through the use of the ShieldPod™ (IntubationPod) by medical professionals during the COVID-19 pandemic. International distribution exists in some markets, though specific details are limited.
Rebrand and Media Appearances
In September 2023, the company officially transitioned from Under the Weather to WeatherPod® and introduced a new tagline: “Live Life Weatherlessly™.” This rebrand reflected the company’s broader goals of becoming a general outdoor lifestyle brand rather than just a sideline solution for sports parents.
The company has made notable media appearances, including features on:
This kind of national exposure has helped establish WeatherPod as a recognizable and trusted brand.
Challenges, Patents, and Lessons Learned
Despite its success, WeatherPod has faced common challenges for product-based businesses. One major issue is imitation. The company holds patents on its designs, which help protect its original products from copycats, though knockoffs still exist in the marketplace. For example, a lawsuit with Anthem over trademark infringement highlights efforts to defend their brand.
Like many consumer product companies, WeatherPod has also had to manage supply chain complexities and seasonal demand fluctuations. The launch of the ShieldPod™ during the pandemic is a strong example of their adaptability during challenging times.
Rick Pescovitz remains actively involved in product development while Kelly Mahan oversees brand growth and leadership. The business is still headquartered in Cincinnati, Ohio and appears to remain privately held and family-run, with no public reports of outside investments.
Final Thoughts: It’s Not Just About the Net Worth
The net worth of $10 million and annual revenue estimate of $5 million paint a picture of a financially healthy company. But numbers only tell part of the story.
WeatherPod was built from a deeply personal place, born out of discomfort, inspired by family, and pushed forward after a tragic loss. It is a product that solves a simple but universal problem, and the company behind it has grown not through shortcuts or viral luck but through steady, customer-focused evolution.
Although the Shark Tank deal did not go through, Rick and Kelly proved that you do not need a Shark to succeed. You just need to solve a real problem, listen to your customers, and keep showing up, just like their loyal users do, rain or shine.
🔹 TL;DR (Too Long; Didn’t Read)
Under the Weather Pods, now known as WeatherPod®, reached a $10M net worth by 2025—despite their Shark Tank deal falling through.
FAQs
What is Under the Weather Pods net worth in 2025?
As of 2025, Under the Weather Pods—now rebranded as WeatherPod®—has an estimated net worth of $10 million.
Did Under the Weather get a deal on Shark Tank?
Yes, Rick Pescovitz accepted a $600,000 deal with Mark Cuban on the show, but the deal did not close after filming.
Is WeatherPod still in business?
Yes, WeatherPod is actively operating and expanding its product line as of 2025, including international distribution.
Who owns Under the Weather Pods now?
Under the Weather Pods, now WeatherPod®, is still owned and operated by its founders Rick Pescovitz and Kelly Mahan.
Where can I buy WeatherPod tents?
WeatherPod products are available on their official website, Amazon, and in select retail stores across the U.S.