Vestpakz, a Backpack vest for kids, was started by Arthur Grayer and Michael Wooley in 1999. Vestpakz’s net worth was $500,000 at the time of their pitch in 2015 based on the $50,000 offer for 10% of the equity of the company.

They appeared on Season 6 of Shark Tank USA in 2015. However, the Sharks were not interested in investing in Vestpakz. Sharks didn’t make a deal because consumer interest wasn’t there.

Vestpakz is no longer in business. Their products are not available on the market.

Vestpakz Net Worth

Net worth$500,000 (Business Valuation)
Lifetime sales
FoundersArthur Grayer and Michael Wooley

Vestpakz Net Worth Timeline

Net Worth 2023Out Of Business
Net worth valuation in 2015 before appearing on Shark Tank  $500,000

Vestpakz Pitch on Shark Tank

Company nameVestpakz
ProductBackpack vests for kids
EpisodeSeason 06 Episode 14
Founders Michael Woolley and Arthur Grayer
Asked for$50,000 for 10%
Final dealNo deal

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Vestpakz Founders

Vestpakz was founded by Michael Woolley and Arthur Grayer in 1999. Wooly got the idea from a 6th-grade science project. They are very passionate about their business. Vestpakz’s founders, Michael Woolley and Arthur Grayer’s net worth are unknown as of 2023.

Key accomplishments

2015Vestpakz was featured on Shark Tank


Some companies that appear on the show have not achieved great success, and the Vestpakz was one of them. Sometimes businesses don’t succeed for 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, Vestpakz went out of business. The company shutdown date is unknown, And the product is no longer available in the market.

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