Night Runner’s Net Worth
Night Runner 270’s net worth is estimated to be around $1 million as of 2022. The company was valued at $2.5 million during its Shark Tank pitch, but the deal with Robert Herjavec fell through.
What is Night Runner and Who is the founder of Night Runner?
Night Runner is a wearable device that uses LED lights to help runners avoid collisions during their nighttime jogs.
The device is a pair of waterproof LED lights that clip onto shoes and provide a 270-degree field of vision that illuminates the region 30 feet ahead of the runner. The product is also equipped with a red, rear-facing light to ensure that traffic can see the runner.
The idea for Night Runner Shoe Lights came about when Doug stumbled on a pothole during his marathon training in 2013 and sprained his ankle.
He hobbled home with the idea of creating a device that would reduce the risk of collision with objects after dark. Renata, an aspiring entrepreneur, and avid runner joined forces with Doug to create the product.
The couple began developing the product in 2013 and successfully raised $43,000 through a Kickstarter campaign in 2015 to fund the first round of manufacturing. The device weighs only 1.5 ounces and has a battery life of three to five hours, which can be recharged using a simple USB connector.
Doug and Renata have made over 100 prototypes of the Night Runner Shoe Lights for themselves and their friends to test.
Their primary goal is to reduce the risk of collision with objects after dark. The device has received positive reviews, with many customers appreciating its effectiveness in increasing visibility and reducing the risk of accidents.
Night Runner was founded by Doug and Renata, who met at a running store and share a passion for running. The product has been successful in the market, with annual sales reaching $5 million as of 2021. The device is currently priced at $59.95 per pair and is available for purchase on the company’s website.
Night Runner Shark Tank pitch
Renata and Doug appeared on Shark Tank to seek investment and support for their Night Runner product. They aimed to raise $250,000 in exchange for 10% ownership of their business, which was valued at $2.5 million. They shared their inspiration behind Night Runner, which was Doug’s accident while running in the dark.
During their pitch, they offered samples to the investors. Mark seemed unaware of their presence, but Kevin took an interest in the product.
They disclosed that the cost of production is $15.50, and they sell for $30 wholesale. The recommended retail price was $59.95, and they had generated $260,000 in sales in eight months, with expected revenue of $760,000.
The Sharks made various offers, with Robert offering $250,000 for a 30% stake, and Kevin undercutting him with an offer of $250,000 for a 15% stake.
Lori offered $300,000 for a 20% stake following a hiatus, and Robert changed his offer to $200,000 for a 15% stake and a loan of $150,000.
Mark offered $250,000 for 30% ownership and unlimited buy order credit. After some discussion, the Sharks agreed to invest $250,000 in exchange for 30% ownership, with Robert, Kevin, and Lori each owning 10%.
However, after leaving the pitch, Doug stated that he was only willing to give up a maximum of 20% equity. The Sharks later revised their offers, and the final deal was never executed.
However, Night Runner received significant attention after the show, earning $300,000 in the month following their appearance and $880,000 by the end of the year. They also received over 300 inquiries from firms interested in their industrial model.
In October 2021, the company rebranded as Night Tech Gear, and it now generates approximately $1.5 million in annual revenue.
Competitors of Night Runner
The primary competitor of Night Runner is Bright Response.
Net Worth of Night Runner
The company was valued at $2.5 million during the pitch, after the Robert investment the company was valued at $1.7 million. Since then the company had made a lot of sales with annual revenue of $1.5 million, this shows that the company’s net worth had raised in 2021.
Night Runner Shark Tank Updates
Night Runner 270 is a pair of lightweight, water-resistant LED lights that clip onto shoes and illuminate the area 30 feet in front of a runner with a 270-degree swath of light.
The product was pitched on Shark Tank in season 8, episode 4, and the founders, Renata and Doug Storer, secured a deal with Robert Herjavec for $200,000 for 15% equity and $150,000 as a loan. However, the deal fell through.
Night Runner 270 is a brand name of a company that creates lightning shoelaces in the shoes which helps a person who works in the dark to see clearly what they are doing and where they are going.
The product has rechargeable LED lights and is completely unique and useful for working in the dark without carrying a flashlight in your hand. The company has also created a new model named Night Shift, designed specifically for employees who work throughout the nighttime.
As of 2022, the net worth of Night Runner 270 is $1 million.
Night Runner Shark Tank Table Summary:
| CATEGORY | INFORMATION |
| Product | Night Runner is a wearable device that uses LED lights to help runners avoid collisions during their nighttime jogs. |
| Founder | Night Runner was founded by Doug and Renata, who met at a running store and share a passion for running. |
| Shark Tank Pitch | Night Runner pitched on Shark Tank seeking $250,000 in exchange for 10% ownership of their business, valued at $2.5 million. |
| Deal Outcome | Night Runner received offers from multiple sharks, but the deal ultimately fell through. |
| Competitor | Bright Response is Night Runner’s primary competitor. |
| Net Worth | Night Runner’s net worth is estimated to be around $1 million as of 2022. |
| Updates | Night Runner rebranded as Night Tech Gear in October 2021 and generates approximately $1.5 million in annual revenue. |
Night Runner FAQs
What Is Night Runner Shark Tank?
Night Runner is a product that was pitched on Shark Tank by co-founders Doug and Renata Storer. It is a pair of lightweight, water-resistant LED lights that clip onto shoes and illuminate the area 30 feet in front of a runner with a 270-degree swath of light. The product is like “headlights for your shoes”.
The Storers began developing the product in 2013 and launched a successful Kickstarter campaign in early 2015 to fund their first round of production.
Night Runner 270 retails for $59.95 and has brought the Storers a total of $1.5 million in revenue since they started selling from their website in 2015. On Shark Tank, the Storers asked for $200,000 for 10% equity in their company.
Robert Herjavec ultimately made a deal with the Storers, offering $200,000 for 15% equity and $150,000 as a loan.
How Does Night Runner Shark Tank Works?
Night Runner 270 is a product that was pitched on Shark Tank by Renata and Doug Storer. It is a pair of lightweight, water-resistant LED lights that clip onto shoes and illuminate the area 30 feet in front of a runner with a 270-degree swath of light. The product is like “headlights for your shoes”.
The Storers began developing the product in 2013 and launched a successful Kickstarter campaign in early 2015 to fund their first round of production. Night Runner retails for $59.95 and has brought the Storers a total of $1.5 million in revenue since they started selling from their website.
Night Runner did strike a deal with Robert Herjavec on Shark Tank, but the deal ultimately fell through. The Storers were seeking $250,000 for 10% equity in their company, but Herjavec wanted 20% equity. The deal fell through because the Storers were not willing to give up that much equity.
After Shark Tank, Night Runner continued to work on improving their product. They are still working on the time duration of lighting and have created a new model named Night Shift, especially for workers who work during the night.
The Night Shift model has a battery life of 10 hours. Night Runner 270 is a unique and useful product for runners and workers who work in the dark.
What Happened To Night Runner After Shark Tank?
Night Runner is a company that produces rechargeable LED lights that clip onto running shoes and illuminate the trail ahead. The company was founded by Doug and Renata Storer after Doug tripped on a pothole while jogging in the dark.
They sunk $30,000 they raised from friends and family into a prototype, then collected enough from a Kickstarter campaign to get the company off the ground.
Night Runner appeared on Shark Tank in 2016 and made a deal with Robert Herjavec. However, the deal was never closed. Despite this, Night Runner continued to grow and expand its product line.
In May 2021, the company changed its name to Night Tech Gear to broaden its target audience outside the running community. The company’s annual revenue is approximately $1 million as of 2022.
Night Runner’s flagship product, the Night Runner 270, is a pair of lightweight, water-resistant LED lights that clip onto shoes and illuminate the area 30 feet in front of a runner with a 270-degree swath of light.
In the month following the initial air date on Shark Tank, Night Runner did $300,000 in sales and finished the year at $880,000. The company also heard from over 300 companies interested in partnering with them.
Night Runner has also developed a new model called the Night Shift, designed specifically for employees that work throughout the nighttime.
What Is The Current Valuation Of Night Runner Shark Tank?
Night Runner 270 is a company that manufactures wearable LED lights that clip onto shoes and provide a 270-degree field of vision for runners during their nighttime jogs. The company appeared on Shark Tank in October 2016 and was valued at $2.5 million during its pitch.
However, the deal with Robert Herjavec fell through. As of 2022, Night Runner 270’s net worth is estimated to be around $1 million.
Night Runner 270’s founders, Renata Storer and Doug Storer, have a net worth of $5 million as of 2022. It is unclear whether this net worth includes the valuation of Night Runner 270 or if it is based on other ventures.
In summary, Night Runner 270 was valued at $2.5 million during its Shark Tank pitch, but the deal fell through. As of 2022, the company’s net worth is estimated to be around $1 million.
The founders of Night Runner 270, Renata Storer and Doug Storer, have a net worth of $5 million as of 2022, but it is unclear whether this includes the valuation of Night Runner 270.
Is Night Runner Shark Tank Still In Bussiness?
Night Runner 270 is a company that manufactures wearable LED lights that clip onto shoes and provide a 270-degree field of vision for runners during their nighttime jogs. The company appeared on Shark Tank in October 2016 and was valued at $2.5 million during its pitch.
However, the deal with Robert Herjavec fell through. As of 2022, Night Runner 270’s net worth is estimated to be around $1 million.
Runner 270’s founders, Renata Storer and Doug Storer, have a net worth of $5 million as of 2022. It is unclear whether this net worth includes the valuation of Night Runner 270 or if it is based on other ventures.
In summary, Night Runner 270 was valued at $2.5 million during its Shark Tank pitch, but the deal fell through. As of 2022, the company’s net worth is estimated to be around $1 million.
The founders of Night Runner 270, Renata Storer and Doug Storer, have a net worth of $5 million as of 2022, but it is unclear whether this includes the valuation of Night Runner 270.
What is Night Runner?
Night Runner is a pair of small, waterproof LED lights that clip onto shoes and illuminate the region 30 feet ahead of a runner.
Who is the founder?
Renata is an aspiring entrepreneur. She and Doug have been together for three years, after meeting at a running store.
How much were asking on Shark Tank?
They were asking for $250,000 for a 10% stake in their business, which is valued at $2.5 million.
Did they get the deal?
Yes, they got a deal with Robert Herjavec.
How much was the deal?
The deal was $250,000 for 15 percent plus a $100,000 loan.
Is Night Runner still in business?
Yes, they were successful. The company changed its name to Night Tech Gear in October, 2021. They made a lot of sales in the month after the debut air date and ended the year with a net worth of $1.7 million.
What were your sales prior to Shark Tank?
They’ve made $260,000 in sales in the eight months they’ve been in business. They anticipate $760,000.
What happened to Night Runner after Shark Tank?
The company changed its name to Night Tech Gear in October, 2021 and generates around $1.5 million in annual revenue as of June 2021.
How much is Night Runner?
The recommended retail price is $59.95.
What is the website?
There is no website, but one can learn more about them at http://nightrunnerlight.com/ or follow their Facebook page at https://www.facebook.com/nightrunnerlight/.
What is the primary goal of Night Runner?
The lights enable runners, walkers, and cyclists to see and be seen as they move through the dark. Cars can see the lights well, and the driver can avoid dangers like as curbs and potholes. Furthermore, there is a rear-facing red light to help traffic see you.
Are Night Runner Shoe Lights legal?
While the devices are legal to own and operate as intended, they fall under the definition of “street lamps” in Colorado State Statutes. Under this statute it is illegal to use the lights within 100 feet of any road or highway improvement.
How long are the batteries?
The batteries will last around 5 hours, depending on the power setting. The rear light has a lithium battery which lasts for 3 hours when it’s fanned.
What colors are available?
The Night Runner is available in 6 colors; blue, yellow, pink, green and red colors and black. The colors not only help the user to be seen by other drivers but also make them look fashionable while running or walking in the dark.
What can you do with Night Runner?
Night Runner has two main applications: Runners who want to increase their safety during nighttime running and runners who want to save energy from power-hungry headlights of cars.
What is the net worth of Renata Stoner?
The net worth of Renata Stoner is unknown.
What is the net worth of Doug Stoner?
The net worth of Doug Stoner is unknown.
