Sand Cloud Shark Tank Update| What Happened to Sand Cloud after Shark Tank?
What is Sand Cloud? Who is the founder of Sand Cloud?
Sand Cloud is a philanthropic lifestyle brand that sells handcrafted Turkish beach towels, shirts, accessories and other products through an online platform.
The company was founded in San Diego, California by three friends, Steven Ford, Brandon Leibel and Bruno Aschidamini, who are passionate about marine life protection.
A percentage of the sale earnings are donated to organizations that conserve and protect marine life and environments.
They launched their company in 2014 with a successful Kickstarter campaign and now have over 10,000 ambassadors to spread the word about their products.
Sand Cloud also sells beach blankets, jewelry, and clothing in addition to towels. Products can be purchased through Amazon and their website.
What Happened to Sand Cloud at Shark Tank pitch?
In an episode of Shark Tank, Season 8, Sand Cloud, a company that sells soft beach towels with built-in cushions, presented their business to the Sharks in hopes of getting their products into retail stores.
The founders, Bruno Aschidamini, Steven Ford, and Brandon Leibel, asked for $200,000 in exchange for an 8% stake in the company, which they valued at $2.5 million.
The Sharks were impressed by Sand Cloud’s sales, which amounted to $2.4 million in 2016. Mark Cuban made an initial offer of $400,000 for 25% equity in the company, but later retracted his offer.
Daymond John also made an offer of $300,000 for 25% ownership but withdrew after the founders counter-offered $200,000 for a 10% stake.
Robert Herjavec offered $200,000 for 15% equity shares and the founders accepted his offer, leaving the pitch with a deal.
What Happened to Sand Cloud after Shark Tank?
After appearing on Shark Tank, Sand Cloud received a significant boost in website traffic and completed a deal with Robert Herjavec.
The investment was used to develop the website and increase inventory. The company went on to sell over $7 million and plans to donate around $1 million to non-profit organizations dedicated to protecting the ocean.
In an update episode, it was revealed that the company has continued to grow, expanding their product line to include caps, backpacks, stickers, pins, leggings, and more.
As of December 2021, the company’s annual revenue was around $6 million. The company was also featured in an episode of “The Shark Tank Greatest of All Time Special” in the “Greatest Businesses with a Social Cause” segment, highlighting their beach cleaning efforts.
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
Sand Cloud’s net worth was valued at $2.5 million during their Shark Tank pitch, but after Robert Herjavec’s investment, the company’s value increased to $1.3 million. As of 2021, the company’s net worth has grown to $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.