PolarPro Shark Tank Net Worth 2023 | PolarPro Shark Tank Updates

PolarPro Shark Tank Net Worth

PolarPro, a company that makes camera accessories, has an estimated net worth of $15 million as of 2023.

The founder of PolarPro, Jeff Overall, has a net worth of $12 million as of 2022. PolarPro appeared on Shark Tank and asked for $500,000 for their GoPro and camera accessories.

What is PolarPro and Who is the Founder of PolarPro?

PolarPro is a company that produces high-quality accessories for GoPro cameras, cellphones, and drones, including mounts, filters, microphones, cases, tripods, cameras, and extension poles.

The company serves action sports enthusiasts and filmmakers worldwide and is based in California. Its business concept is simple: design, manufacture, and distribute accessories for popular cameras like GoPro.

The founder and CEO of PolarPro are Jeff Overall, who studied economics and accounting at the University of California, Santa Barbara.

As a teenager, Overall’s first business venture was collecting hermit crabs and selling them online to aquarium owners. He is an adventure-seeking photographer who has turned his hobby into a profitable business.

Overall got the idea for PolarPro when he was in college and wanted to capture the ski team in action using a GoPro. However, his first video was overexposed. He discovered polarized film and placed it over the lens of his GoPro.

On his second attempt, he successfully addressed the exposure problem. While his friends partied, Overall started cutting little circles out of polarized film sheets to use as makeshift lens filters for his GoPro.

During a class session, Overall realized he wasn’t the only one having overexposure issues with a GoPro. He believed that his polarized lens filter design could benefit other GoPro users. This realization marked the start of PolarPro’s humble beginnings.

PolarPro Shark Tank Pitch

Jeff, the founder of PolarPro, appeared on Shark Tank Season 7 Episode 8 to pitch his company and raise $500K for 10% equity. He showcased his product line, which includes the Polar Pole, the world’s only battery-powered selfie stick, a charging case, and photo filters for drones, among others.

Mark was impressed with the product line and exclaimed, “DUDE!” He inquired about the profit margins, which Jeff stated ranged from 71% to 300%. Jeff also mentioned that they have 31 items, all of which they design and manufacture.

The Sharks were interested in the photo filters and asked about their price. Jeff replied that they were available in multiple sizes and that a three-pack costs $69.99, while a six-pack costs $149.99. The cost to make them was around $12. Jeff shared that the company had earned $8,000 in 2011 and $2.8 million to date, with projected sales of $5.6 million in 2015.

The Sharks made offers, with Mark offering $500K for 10% equity. Daymond offered $500K for 15%, Lori offered $500K for 10%, and Robert offered to team up with Lori or Mark for an additional $500K for 10% equity. Jeff struck a deal with Mark and Robert for $1 million in exchange for 20% equity, with 10% going to each Shark.

However, the deal with Mark and Robert never materialized, but PolarPro has continued to thrive. As of August 2021, the company is expected to generate $2 million in annual revenue.

Polar Pole, the charging case, and drone filters are now the company’s top-selling products. Jeff believes that with the growth of drones, PolarPro’s valuation could reach $40-$50 million.

Summary Table: Polarpro Shark Tank

TOPIC	INFORMATION
Company name	PolarPro
Founded by	Jeff Overall
Founded in	2011
Headquarters	California
Industry	Camera accessories
Net worth	$15 million (as of 2023)
Founder net worth	$12 million (as of 2022)
Products	Mounts, filters, microphones, cases, tripods, cameras, and extension poles
Shark Tank appearance	Season 7 Episode 8, asked for $500,000 for 10% equity
Sharks’ offers	Mark: $500,000 for 10% equity, Daymond: $500,000 for 15% equity, Lori: $500,000 for 10% equity, Robert: $500,000 for 10% equity; Jeff accepted Mark and Robert’s offer of $1 million for 20% equity
Top-selling products	Polar Pole, charging case, and drone filters
Competitors	Benro, Vocas Systems, LensCoat, Mila Wholesale, Kinotehnik, Gonoise, Olloclip, and Aputure
Revenue	Expected to generate $2 million annually (as of August 2021)
Social media following	Sizable following on Instagram and Facebook

PolarPro Net Worth

PolarPro has an estimated net worth of over $15 Million.

PolarPro Competitors

Top Competitors of PolarPro

Benro, Vocas Systems, LensCoat, Mila Wholesale, Kinotehnik, Gonoise, Olloclip and Aputure.

Polarpro Shark Tank Updates

PolarPro is a California-based company that manufactures high-quality accessories for GoPro cameras, smartphones, and drones, such as microphones, tripods, cameras, mounts, extension poles, filters, and cases.

Jeff Overall founded the company in 2011 with a small polarizer filter for the GoPro camera. PolarPro appeared on Shark Tank Season 7 and made a deal with Robert Herjavec and Mark Cuban.

Jeff ended up receiving $1 million in exchange for a 20% stake, which was twice as much as what he was looking for. Despite not getting any sharks to help him out, Jeff elevated his company to about $4 million in revenue per year.

PolarPro sells over 31 products, and they are still introducing new products as of 2023. They have a sizable social media following on Instagram and Facebook. PolarPro is still selling well online and in a few other hobbies or surf shops, despite not striking a major deal with a major retailer.

Jeff Overall and his crew continue to enjoy great success in the action sports and drone communities, and there seems to be no end in sight for their endeavor. PolarPro designs and innovates camera solutions built for rugged conditions, engineered to inspire people to get out and shoot.

PolarPro FAQS

What Is Polarpror?

PolarPro is a California-based company that manufactures high-quality accessories for GoPro cameras, smartphones, and drones. Jeff Overall founded the company in 2011 while attending the University of California, Santa Barbara with a small polarizer filter for the GoPro camera.

PolarPro’s product line has since expanded to include everything from GoPro cases to microphones to specialty mounting products for everything from surfboards to scuba gear. PolarPro’s products are designed for rugged conditions and are engineered to inspire people to get out and shoot.

PolarPro’s most popular products include the Polar Pole, the world’s only battery-powered selfie stick, a charging case for multiple devices, and filters for both GoPro and drone cameras. PolarPro has over 31 products and is still introducing new ones.

The company has a sizable social media following on Instagram and Facebook. PolarPro is sold online and in a few other hobbies or surf shops. At the time of filming Shark Tank in 2015, PolarPro was already in 1,200 retail locations and was the third-largest aftermarket drone-related company.

In Shark Tank, Jeff Overall established a strong presence early on with a fairly weighty ask. He was seeking an investment of $500,000 in exchange for just 10% equity in the company. He showed off each of his products one at a time and expressed his excitement for the future.

Jeff ended up receiving $1 million in exchange for a 20% stake, which was twice as much as what he was looking for. Thanks to that, the company has grown significantly.

How Does Polarpro Works?

PolarPro is a California-based company that designs, manufactures, and sells accessories for action sports enthusiasts and filmmakers around the world. The company’s products are compatible with cameras such as GoPro and drones.

PolarPro’s product offerings include the PowerPole, the PowerVault, and drone filter sets. The company continuously introduces new merchandise and has a sizable following on social media platforms such as Facebook and Instagram.

PolarPro appeared on Shark Tank seeking an investment of $500,000 in exchange for just 10% equity in the company. Jeff Overall, the founder of PolarPro, ended up receiving $1 million in exchange for a 20% stake, which was twice as much as what he was looking for.

Thanks to that, the company has grown significantly. Although PolarPro has not landed any deals with major retailers, it is still performing effectively in digital selling and certain hobby/surf stores.

PolarPro’s products include variable ND filters and gradient drone filters. Variable ND filters allow users to adjust the amount of light that enters the camera lens, while gradient drone filters help balance the exposure between the sky and the ground.

What Happened To Polarpro After Shark Tank?

PolarPro is a company that makes various GoPro camera accessories, including filters, selfie poles, charging cases, and more. The company was founded by Jeff Overall in 2011 while he was attending the University of California, Santa Barbara.

PolarPro appeared on Shark Tank in 2015, where Jeff asked for $500,000 for 10% equity in the company. Mark Cuban and Robert Herjavec offered $1 million for 20% equity, which Jeff accepted.

After the show, the deal with Mark and Robert never closed, but the company continued to grow and expand its product line. PolarPro added tripods, cameraman apparel, and more to its line.

The company also partnered with OtterBox to create seven accessories for the case maker’s new modular ecosystem. As of December 2022, PolarPro’s annual revenue is $5 million.

PolarPro’s success after Shark Tank is attributed to its high-quality products and the growing demand for GoPro camera accessories. Jeff’s appearance on Shark Tank helped to increase the company’s exposure and attract new customers.

Although the deal with Mark and Robert did not close, it provided the company with the capital it needed to expand its product line and grow its business. PolarPro is now a successful company that continues to innovate and provide high-quality camera accessories to its customers.

What Is The Current Valuation Of Polarpro?

The current valuation of PolarPro is not explicitly stated in the provided search results. However, it is estimated that the founder and CEO, Jeff Overall, has generated a net worth of over $15 million.

In 2011, PolarPro made $8,000, and by 2023, they have grown significantly, thanks to the $1 million investment they received in exchange for a 20% stake on Shark Tank. The investment allowed PolarPro to scale up drone inventory and bring in stock at lower costs.

Jeff Overall estimates that they will raise between $40 and $50 million in the next few years.

Although PolarPro has not landed any deals with major retailers, they are still introducing new products and have a sizable social media following on Instagram and Facebook.

PolarPro is a California-based company that manufactures high-quality accessories for GoPro cameras, smartphones, and drones, such as microphones, tripods, cameras, mounts, extension poles, filters, and cases.

PolarPro follows a simple business model, creating, manufacturing, and distributing accessories for popular cameras such as the GoPro. PolarPro’s products are still selling well online and in a few other hobbies or surf shops.

Is Polarpro Still In Business?

Yes, PolarPro is still in business. Despite not closing a deal with the Sharks on Shark Tank, the company has continued to grow and expand its product line.

PolarPro is a California-based company that designs, manufactures, and sells camera accessories for action sports enthusiasts and filmmakers worldwide. The company’s product line includes filters, selfie poles, charging cases, and more.

PolarPro has never signed any transactions with major retailers, but its products are still selling well online and in a few other hobbies or surf shops. The company has a sizable social media following on Instagram and Facebook. As of December 2022, PolarPro’s annual revenue is $5 million.

What is PolarPro?

PolarPro is an American manufacturer and designer of video equipment accessories and filters for GoPro, smartphones, and drones.

Who is the founder of PolarPro?

Jeff Overall is the founder of PolarPro.

How much was he asking in the Shark Tank?

He was asking for $500,000 for 10% of the company.

Did he get a deal from the Shark Tank?

Yes, He got a deal from the Shark Tank.

How much was the deal?

He got deal of $1 million investment in exchange of 20% of the Company.

Where is PolarPro located?

Polar Pro Filters Corporation is a company that operates in the Electronics and Appliance Stores industry and is based in Newport Beach, California.

What is the business model?

PolarPro operates on a straightforward business concept. It manufactures and sells video equipment accessories and filters for GoPro, smartphones, and drones

What is the net worth of PolarPro?

PolarPro has an estimated net worth of over $15 Million.

Is PolarPro still in business?

Yes, PolarPro is still in business with a yearly revenue of $2 million.

What is the annual revenue of PolarPro?

The yearly revenue of Polar Pro is $2 million.

Can they use the BaseCamp Matte Box with a lens that has a front diameter of 114mm?

Yes! The BaseCamp will clamp onto lenses with a 114mm front diameter without the use of adapters.

Can they use a wide-angle lens with the BaseCamp or Summit?

In general, lenses with a big bubble element or a non-removable hood on the front will not fit into the Summit or BaseCamp.

Can they make a purchase in person at the Costa Mesa location?

At the moment, their storefront is not available for walk-in purchases.

Do they sell individual parts for their mounts?

No. Mounts may only be purchased as-is and cannot be customized.

How long will it take for their order to be processed?

Please wait up to 24 business hours for all orders to be processed.

When will their order be delivered?

Orders ordered before 12:00pm PST (Monday – Friday) will ship the same day if the products are in stock. Saturday and Sunday are not shipping days.

What Shark Tank episode is Polar Pro in?

In Shark Tank Season 7 Episode 8, Jeff Overall presents Polar Pro, his brand of GoPro Camera filters and accessories.

Are PolarPro ND filters worth it?

Simply mentioned, these filters are well worth the money since they provide such precise colours and tonal clarity.

Not only are they competitive in terms of quality and price compared to other, more expensive filters, but they’re also getting two filters for the price of one if they use an ND-PL.

What is net worth of Jeff Overall?

Jeff Overall’s net worth is unavailable.