What Happened To LavaBox Portable Campfire After Shark Tank?
What is LavaBox Portable Campfire?
LavaBox is a portable campfire solution designed for outdoor enthusiasts seeking a hassle-free and safe way to have a fire anytime, anywhere. The product is made from ammo boxes and is designed to run off propane, making it incredibly easy to use.
LavaBox is a portable campfire that is designed to make outdoor activities such as camping easier and safer. It is essentially an ammo can with a simple burner in the bottom, a grate, and synthetic volcanic rocks called “Hades Stones” that sit on top of the grate.
The founder of LavaBox is Joshua Thurmond, a camping enthusiast from Denver, Colorado. Thurmond started by hand-making burners in his garage and now has a patent for his product.
LavaBox appeared on Shark Tank season 14 episode 18, which aired on March 31, 2023. Thurmond pitched the panel of five Sharks on the business and its prospects for growth.
The Sharks included Mark Cuban, Daymond John, Lori Greiner, Kevin O’Leary, and guest Shark Daniel Lubetzky. Thurmond had to convince the Sharks that the company was worth a Shark investment.
What Happened To LavaBox Portable Campfire At Shark Tank?
LavaBox appeared on Shark Tank Season 14 Episode 18, where Thurmond asked the sharks for $200,000 for 10% equity at a $2 million valuation. The company has completed 4,000 product sales and has an estimated net worth of $1.6 million.
Lavabox is a portable campfire product that helps organize a fire while camping or engaging in outdoor activities. The product was invented by Josh Thurmond in August 2020 to make campfires more sustainable.
Thurmond told the sharks that he expects to reach over $1 million in gross revenue sales by the end of the year. All of the sharks were impressed with the numbers, and Mark Cuban asked Thurmond how he sells the product to consumers, to which he responded that most sales come directly from word of mouth.
LavaBox offers two models currently: The Tabletop Vol-CAN-no and the larger Krakatoa Firebreather. Both models come as “Combos” with everything needed except for the propane tank The Combos also include ultra-light Hades Stones, a composite “rock” made of woven fibers.
LavaBox Portable Campfire founder received an initial offer from Kevin O’Leary for $200,000 in exchange for 20% of the company.
Daymond John also made an offer of $200,000 for 20% equity, which was the same as Kevin’s offer. Lori Greiner made a different offer of $200,000 for 15% equity, plus a royalty of $0.75 per unit sold until she recoups her initial investment of $200,000.
Josh, the entrepreneur, then countered Lori’s offer with a request for 12% equity but no change to the royalty terms.
Lori then countered with an offer of 12.5% equity, while Daymond countered with an offer of 15% equity. Kevin O’Leary then made a new offer of $200,000 for only 10% equity.
At this point, Josh was trying to negotiate with Lori to lower the royalty rate, and he asked if she would be willing to reduce it to $0.50 per unit. The outcome of the negotiations is not clear from the statement you provided.
He later accepted a deal from Lori Greiner for $200,000 for 12.5% equity and a royalty of $0.75 per unit until $200,000 is paid
What Happened To LavaBox Portable Campfire After Shark Tank?
In March 2023, Thurmond pitched Lavabox on Shark Tank Season 14, episode 18, and received a deal with Lori Greiner for $200,000 for 12.5% equity and a royalty of $0.75 per unit until $200,000 is paid.
As of April 2023, Lavabox is still in business and is available in 21 retail stores in the United States and on the company website.
While Lavabox caught the attention of viewers after the Shark Tank episode, its trajectory is still unpredictable as it is a fresh startup. However, as of 2023, Lavabox is worth an estimated $2 million. Thurmond plans to focus solely on Lavabox and wants to create more products in the future
LavaBox has already gained popularity among outdoor enthusiasts and has been featured in Adventure Pro Magazine
As of April 2023, Lavabox is still in business and continues to update its website with new products.
LavaBox Portable Campfire Shark Tank Net Worth
LavaBox, a portable campfire company, has an estimated net worth of $1.6 million as of 2023.The company received a deal from Lori Greiner for $200,000 for 12.5% equity and a royalty of $0.75 per unit until $200,000 is paid.
The company was founded in 2020 by Josh Thurmond, who invented the product to provide a safe and convenient way to have a campfire.
The LavaBox Portable Campfire is made of ammo boxes and is fire ban compliant. The company sells two models, the Tabletop Vol-CAN-no and the larger Krakatoa Firebreather, which come as “Combos” with everything needed except for the propane tank.
| Product | LavaBox Portable Campfire |
| Description | Portable campfire solution made from ammo boxes and designed to run off propane for a hassle-free and safe way to have a fire anytime, anywhere |
| Founder | Joshua Thurmond, a camping enthusiast from Denver, Colorado |
| Shark Tank Appearance | Season 14 Episode 18; asked for $200,000 for 10% equity at a $2 million valuation; received a deal from Lori Greiner for $200,000 for 12.5% equity and a royalty of $0.75 per unit until $200,000 is paid |
| Models | Tabletop Vol-CAN-no and larger Krakatoa Firebreather |
| Sales & Net Worth | Completed 4,000 product sales with an estimated net worth of $1.6 million; expects to reach over $1 million in gross revenue sales by the end of the year. Estimated net worth of $1.6M as of April 2023 |
| Availability | Available on the company website and in 21 retail stores in the United States |
| Future Plans | Thurmond plans to focus solely on LavaBox and wants to create more products in the future |
What Is LavaBox Portable Campfire and How Does It Work
LavaBox is a portable campfire product that was featured on the TV show Shark Tank. It is designed to run off propane and is easy to use, with no need to gather firewood or deal with smoke or ashes. The product is available for purchase on the Shark Tank website, along with other related products.
The inventor of LavaBox is Josh Thurmond, a Quince Orchard High School alumnus from Gaithersburg, Maryland
What Is Lavabox Portable Campfire Made Of
LavaBox is a portable campfire that is designed to be used outdoors. The portable campfire is made from ammo boxes and came to life in the fall of 2020 when Colorado banned fires in parks and outdoor spaces due to dry weather conditions.
The LavaBox is built in a military-style ammunition can, which makes it ultra-tough and able to pass most fire ban.
It was created by Joshua Thurmond, who started by hand-making burners in his garage in Denver, Colorado
The LavaBox is designed to run off propane, making it incredibly easy to use. There’s no need to gather firewood, deal with smoke or ashes, or worry about starting a wildfire.
All LavaBox models are compatible with a common 3/8” flare fitting for easy connections. The product comes in a variety of models and can be purchased on the official website, fireanytime.com. The Naked Tabletop Bol-CAN-no costs $174, while the Tabletop Vol-CAN-no: The OG Ammo Can Fire costs $199.
The Tacana Twosome: LavaBox and Over-Under Grill Thingy can be purchased for $229, while the Krakatoa FireBreather: Biggest Campfire costs $349.
The LavaBox is compact and easy to use. It cools quickly and only takes about 15 minutes until you can place it back in your vehicle. The sides are enclosed, which means there is no mess and no wind.
The burn time is efficient, and runs for 4-5 hours per pound of propane at a moderate burn, far exceeding wood burn time and is much cleaner. The LavaBox is also fire ban compliant, making it perfect for raft trips and other outdoor activities.
What Is The Price Of The Lavabox Portable Campfire
According to the search results, the price of LavaBox Portable Campfire varies depending on the model. The Naked Tabletop Bol-CAN-no costs $174, while the Tabletop Vol-CAN-no: The OG Ammo Can Fire costs $199.
The Tacana Twosome: LavaBox and Over-Under Grill Thingy can be purchased for $229, while the Hekla: Stainless Steel Sexy is available for $329, and the Krakatoa FireBreather: Biggest Campfire costs $349[1].
Did Lavabox Get A Deal On Shark Tank
Yes, LavaBox got a deal on Shark Tank. Josh Thurmond, the entrepreneur behind LavaBox, pitched his portable campfire product on Season 14 of Shark Tank and asked for $200,000 for 10% equity. Lori Greiner made an offer of $200,000 for 12.5% equity, which Josh accepted.
