Under the Weather Pods, the fully enclosed, portable, and lightweight tent, was started by Rick Pescovitz in 2010. As of September 2023, Under the Weather Pods net worth is $6 Million, and they’re pulling in a whopping $5 million in annual revenue.
On April 7, 2017, they appeared on Season 8 of Shark Tank USA and made a deal with Mark Cuban. The deal was $600,000 for 15% equity. The final valuation was $4 Million, down from the founder’s initial estimate of $6 Million.
Under the Weather Pods Net Worth Timeline
|Net Worth 2023||$6 Million|
|Net Worth 2022||$5.5 Million|
|Net Worth 2021||$4 Million|
|Net Worth 2020||$3.5 Million|
|Net worth 2010 before appearing on Shark Tank||$6 Million|
|Net worth 2010 after appearing on Shark Tank||$4 Million|
Under the Weather Pods Pitch on Shark Tank
|Company name||Under the Weather|
|Product||A fully enclosed, portable, and lightweight tent|
|Episode||Season 08 Episode 20|
|Asked for||$600,000 for 10% equity|
|Final deal||$600,000 for 15% equity with added options|
|Location||Cincinnati, Ohio, USA.|
Under the Weather Pods Founder
Under the Weather founded by Rick Pescovitz in 2010. He was inspired to create Under the Weather Pods based on his desire to protect from the elements conveniently and safely. Pescovitz aimed to create a solution that allowed individuals to enjoy outdoor activities comfortably, regardless of the Weather.
Under the Weather Pods’ founder, Rick Pescovitz, has a net worth of $6 Million as of 2023.
|2011||They were the first company to create a weatherproof tent that could withstand extreme conditions.|
|2023||They have been featured in several magazines and newspapers, including National Geographic and The New York Times.|
|2022||They have donated tents to several charities, including the Red Cross and the Salvation Army.|
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 of Under the Weather Pods and its continued success.