Sand Cloud Shark Tank Update| What Happened to Sand Cloud after Shark Tank?
What is Sand Cloud?
Sand Cloud is a philanthropic lifestyle brand best known for their brightly colored handcrafted Turkish beach towels.
Towels, shirts, and accessories are among the company’s products, which are marketed through an online platform, allowing users to search and purchase towels and accessories that encourage marine life protection.
Sand Cloud was formed in San Diego, California, by three ocean-loving friends. Steven Ford and Brandon Leibel started working at a local San Diego contact center in 2013, when they met their future business partner and lifetime friend, Bruno Aschidamini. The firm is owned by the three of them.
Who is the founder of Sand Cloud?
Sand Cloud was founded in San Diego, California, by three ocean-loving friends. Bruno Aschidamini, Steven Ford, and Brandon Leibel were selling life insurance in San Diego in 2013 and dreamed of quitting their corporate careers.
Ford and Leibel were college roommates who later met Aschidamini in a life insurance call center after they graduated. Sand Cloud was created with the goal of assisting individuals in taking better naps at the beach.
In 2014, the three young guys launched their company with a successful Kickstarter campaign that garnered $15,623.
A percentage of the sale earnings (ten percent) are donated to organizations that conserve and protect marine life and environments.
The towels are huge – 38 68′′ – and made entirely of Turkish cotton. A cushion insert in each towel adds extra comfort when resting in the sand.
The lads created their brand on Instagram and Snapchat, and now rely on over 10,000 ambassadors to spread the word.
Sand Cloud also sells huge beach blankets, jewelry, and clothing in addition to towels. One towel at a time, they’re building a beach lifestyle brand.
Standard towels cost $47 apiece, while the prices of their other items vary. Products are available for purchase through Amazon and their website.
What Happened to Sand Cloud at Shark Tank pitch?
In Shark Tank episode 18 of Season 8, Bruno Aschidamini, Steven Ford, and Brandon Leibel present Sand Cloud, their line of soft beach towels with built-in cushions, to the Sharks for help getting them into retail stores.
Bruno, Steven, and Brandon join the presentation seeking $200,000 for an 8% stake in their firm with a $2.5 million value.
They explain the Sharks their narrative while showing the Sharks hilarious images of themselves on the beach with the towels.
As they saw themselves, the Sharks burst out laughing. Daymond inquired about the purpose of the money, and Kevin inquired about their sales.
Sand Cloud’s sales amazed all of the Sharks. They made $2.4 million in 2016! Finally, Mark makes an instant offer of $400,000 for 25% equity in the firm, and he expects an immediate response.
However, the man expects the other Sharks to make their offer right away. Mark retracts his offer.
Daymond offers $300,000 in exchange for 25% ownership of the firm. They counter-offer $200,000 for a 10% stake, and Daymond withdraws his offer.
Kevin offered $200,000 for 15% equity shares; Robert made the same offer as Kevin and liked the product and the figures just as much as he liked the people and their ambition. The players accept Robert’s offer and leave the pitch with a deal.
What Happened to Sand Cloud after Shark Tank?
The corporate website had 13,000 hits in one day in the immediate aftermath of their event. The deal with Robert and Sand Cloud was completed, and the prior high was only 600.
Sand Cloud’s Shark Tank investment was utilized to develop the website and boost inventory. They are on track to sell more than $7 million thanks to Robert’s assistance.
They intend to donate approximately $1 million to non-profit groups dedicated to the ocean.
In an update piece in episode 914, we learn that the firm has made $7 million in sales since its debut. The lads are shown at a beach clean-up sponsored by the corporation, with Robert as their guest.
In February 2020, the firm was included in the “Greatest Businesses with a Social Cause” portion of The Shark Tank Greatest of All Time Special. The episode includes footage from the previously stated beach cleaning.
They’ve expanded their range to include caps, backpacks, stickers, pins, leggings, and other items. As of December 2021, the company’s yearly revenue is around $6 million.
Competitors of Sand Cloud
The Sand Cloud has many competitors in the market space. These are; Tower, Pure Zone, TenTree, Seafolly, Busyman, Slant Promotions, Marleylilly and Linksoul.
Net Worth of Sand Cloud
The company was valued at $2.5 million during the pitch, after the investment done Robert the company valued at $1.3 million. In 2021 the company has a net worth of $10 million.
Sand Cloud FAQs
What is Sand Cloud?
Sand Cloud is a philanthropic lifestyle brand best known for their brightly colored handcrafted Turkish beach towels. Towels, shirts, and accessories are among the company’s products, which are marketed through an online platform, allowing users to search and purchase towels and accessories that encourage marine life protection.
Who is the founder?
Sand Cloud was founded as collaboration between three friends, who’ve worked together since at least 2013. Bruno Aschidamini, Steven Ford, and Brandon Leibel met while selling life insurance in San Diego.
How much were asking on Shark Tank?
They were asking for $200,000 for 8% equity of the company, with a $2.5 million valuation.
Did they have the deal?
Yes, they had the deal with Robert Herjavec for $200,000 for 15% equity shares of the company.
Is Sand Cloud still in business?
They are still in business and trading under the name ‘Sand Cloud’.
Where did Sand Cloud Launch on Shark Tank?
They launched on Shark Tank on season 8 episode 18.
How much is the company worth now?
In 2021 the company was valued at $10 million.
Where is Sand Cloud located?
Sand Cloud was founded in San Diego, California, by three ocean-loving friends.
Are Sand Cloud towels made in the USA?
No, their Turkish-made towels are made in Turkey.
Is Sand Cloud healthy for the ocean?
Yes, they’re 100% organic and safe to use.
Is the sand cloud a success?
Sand Cloud has been in the works for three years, thanks to Brandon, Steven, and Bruno.
They made $30,000 in revenue their first year in business, increased to roughly $430,000 their second year, and made $1.6 million this year, on course to break the $3 million milestone.
Is Sand Cloud a good company?
Sand Cloud is a legal business that has been in operation since 2014.
Are sand cloud towels really that good?
Sand Cloud, best known for its bright beach towels and appearance on “Shark Tank,” is more than simply a summer accessory company, but its comfy towels are a particular favorite.
They’re not as thick or absorbent as heavy-duty beach towels, but they’re still strong and comfy.
How many workers does Sand Cloud have?
Sand Cloud Holdings, LLC employs 2 people across all of its locations and earns $81,542 in revenue (USD).
What do Sand Cloud ambassadors do?
Sand Cloud Ambassadors are part of a global network that includes anything from beach cleanups to product development.
Use social media to help disseminate our mission to your friends. Discounts on all items, and 10% of proceeds are donated to marine conservation.
What is it about Sand a Cloud that makes them so unique?
Sand Cloud, which was founded in San Diego and has appeared on Shark Tank, offers stylish Turkish cotton towels in a variety of sizes, colors, and patterns that claim to be sand-resistant, quick-drying, and larger than a standard towel, all while remaining thin enough to fold up comfortably into their bag.
What is the net worth of Bruno Aschidamini?
The net worth of Bruno is unknown.
What is the net worth of Steven Ford?
The net worth of Steven Ford is unknown.
What is the net worth of Brandon Leibel?
The net worth of Brandon Leibel is unknown.