Muddy Water Camo Shark Tank Net Worth 2023
Muddy Water Camo Shark Tank Net Worth
The Muddy Water Camo company was featured on Shark Tank America in February 2013. Since then, the company has experienced tremendous growth and success, leading to an estimated net worth of 2.5 Million USD as of when it went out of business.
The Muddy Water Camo gear is available in several sporting goods stores and has sold $150,000 in its first year.
The company was valued at a whopping $3 million when it appeared on Shark Tank, but the Sharks were unimpressed with the sales numbers so far. The pair has garnered $600,000 in investments so far, in return for 16% of the company.
What is Muddy Water Camo? Who is the founder of Muddy Water Camo?
Muddy Water Camo is a company that focuses on developing high-quality camouflage patterns that are extremely difficult to detect through a camera lens, particularly in swampy locations that are often used for duck hunting.
This kind of camouflage enhances the hunter’s flexibility in various terrains and was one of the earliest of its kind.
The new material offered by Muddy Water Camo distinguishes itself from other types of camouflage on the market by providing exceptional concealment and protection from waterfowl rather than deer.
The camouflage patterns have been designed to replicate flooded fields, chopped corn, cattails, and marsh grass, all of which are common in duck hunting environments.
Muddy Water Camo was founded by Steve Maloney and Steven Kirkpatrick, both of whom have a passion for duck hunting.
Kirkpatrick, a well-known wildlife photographer, spent over 1,000 hours perfecting the Muddy Water Camo patterns.
Together with Maloney, they came up with a method for using real-world landscape photographs to create realistic camouflage patterns for their hunting gear.
Maloney, who had been looking for better concealment during his duck hunting expeditions about five years ago, teamed up with Kirkpatrick and came up with a patented technology that can simulate any landscape, including marshes, forests, and meadows.
Muddy Water Camo designs are available on clothing, gear, automobiles, boats, and home décor, among other products.
Muddy Water Camo Shark Tank Pitch
In episode 416 of Shark Tank, Muddy Water Camo made an appearance seeking a Shark to help them acquire a license for their unique hunting camouflage.
Steve Maloney and Stephen Kirkpatrick pitched their business, asking for a $150,000 investment for a 5% stake in their $3 million company.
Maloney explained that they wanted to revolutionize the hunting industry with their innovative approach to pattern creation.
During their presentation, Kirkpatrick emerged from a marsh section to showcase their product. They displayed a photo of themselves hunting in camouflage, which they claim is based on real-world imagery and provides a more realistic pattern to fool wildlife.
The Sharks were given sample hats to try on, and Kevin O’Leary expressed concern about the product’s potential success in the market. However, the couple assured the Sharks that their product was superior to existing options.
Despite their $3 million valuation, the Sharks were disappointed with Muddy Water Camo’s sales results, which amounted to only $150,000 in their first year.
The couple had also raised $600,000 in exchange for a 16% stake in the business, and their product was available at 58 retail locations, but not in any large hunting stores.
Robert Herjavec was not convinced that the $3 million valuation was reasonable and chose to pass. Lori Greiner praised the concept but felt that the requested amount was too high and also declined to invest.
Daymond John believed that the couple’s valuation was unrealistic and left without making an offer, while Mark Cuban thought that the 5% stake was not enough and also declined to invest.
Kevin O’Leary offered the couple $150,000 for a 20% equity stake, but the couple declined the offer, stating that they would not accept a lower valuation.
Despite leaving the show without a deal, Muddy Water Camo gained significant publicity and support following their appearance on Shark Tank.
The couple received a meeting with Louisiana Governor Phil Bryant, and their product attracted interest from several large camouflage producers.
However, in 2015, Kirkpatrick filed a lawsuit against the other investors, including former baseball player Will “the Thrill” Clark, alleging that he was cheated out of his patent.
The company changed its name to Clear Image Camo in 2016, and the business ceased operations in 2019. While Maloney still designates himself as the company’s president on his LinkedIn profile, Kirkpatrick does not mention the business on his profile.
As of January 2022, Muddy Water Camo products were no longer available for sale on Amazon.
Competitors of Muddy Water Camo
There are numerous products available on the market. Many of these companies have a camouflage print that is available for sale.
Muddy Water Camo’s competitors include, but are not limited to: Mossy Oak Clothing and Cabelas.
Net Worth of Muddy Water Camo
The company valuation was $3 million during and after the pitch. In 2019 the company went out of business with a net worth of $2.5 million.
Muddy Water Camo FAQs
What is Muddy Water Camo?
Muddy Water Camo is a company that creates camouflage patterns by using everyday photos as a base.
Who is the founder?
The company was founded by Steve Maloney and Stephen Kirkpatrick.
How much were they seeking on Shark Tank?
They were seeking for $150,000 for 5% stake in their company.
Did they have the deal?
No, they did not have the deal during the pitch.
Is Muddy Water Camo still in business?
As of 2019, the company is no longer in business.
Where was Muddy Water Camo located?
The company is located in Madison, TennDessee.
Was Muddy Water Camo on Shark Tank?
Yes, they were featured on Shark Tank Season 4.
Is there a website for Muddy Water Camo?
Yes, but their official website is unavailable.
What was Muddy Water Camo product?
The company makes different types of camouflage patterns for use in hunting gear and vehicles. These patterns even include home décor patterns.
What did Muddy Water Camo claim their product does?
They claim their product can make a person blend in with the environment easily. They also claim that people can use these products to recreate the appearance of any type of landscape or swamp, including marshes, forests, and meadows by using photographs as a base for the design.
What does Muddy Water Camo do?
Muddy Water Camo manufactures and sells high-quality clothing, apparel and accessories.
Was Muddy Water Camo a scam?
No, they were a legitimate company.
Is Muddy Water Camo products available for sale?
No, the product is no longer available for sale.
What other products does Muddy Water Camo manufacture or distribute?
They also make and sell boat covers, shirts, caps, bags, backpacks and jackets.
What were the materials use to make Muddy Water Camo?
The materials used to make Muddy Water Camo products were high-quality fabrics like nylon and polyester.
What is the net worth of Steve Maloney?
Steve Maloney net worth is unknown.
What is the net worth of Stephen Kirkpatrick?
Stephen Kirkpatrick has a net worth of $8 million.