What Happened to Seventy2 after Shark Tank? Seventy2 Shark Tank Update|
What is Seventy2?
The Seventy2 is a 72-hour survival backpack. The majority of disasters are handled within 72 hours. The business collaborated with survival specialists to develop a 72-hour survival kit.
They believe that their device, dubbed a “survival system,” might actually mean the difference between life and death.
They collaborated extensively with first responders, physicians, special operations forces operators, mountain guides, and other specialists to create the world’s greatest 72-hour survival kit. A product that transforms a potentially fatal scenario into one in which you emerge unscathed.
Who is the founder of Seventy2?
Seventy2 was founded by Christian Schauf and Mike Escamilla. Christian grew raised in a rural area in Wisconsin. When he went to Los Angeles, he had a little of cultural shock when he realized that people panic out when there is a little amount of rain.
He resolved that issue with his company Uncharted Supply Company and a new product called The Seventy2.
Schauf and Escamilla, together with other co-founders, launched the firm in January 2017 with a $491,406 IndieGoGo campaign. They began shipping pre-ordered systems in time for Christmas 2016.
While Schauf and Escamilla share a passion for travel and the outdoors, co-founder Dr. Eric Meyer is a world-renowned mountain climber and experienced Mount Everest Ascentist.
He survived the 2008 mountain catastrophe and was instrumental in saving several lives that day. Without a doubt, he is knowledgeable on catastrophe preparedness.
The Seventy2 is priced at $349. Each backpack includes a thermal survival tent and blanket made of Mylar, a headlamp, tools, a water bag, 100 feet of paracord, a water filter, a flashlight, a mobile phone charger, and an air filtering mask.
There is also enough in the rucksack for certain personal items. In addition to the all-in-one system, the firm offers and develops various survival goods.
What Happened to Seventy2 at Shark Tank pitch?
When Christian Schauf and Mike Escamilla pitch The Seventy2, their disaster survival gear, in episode 904, they expect to survive a swim in the Shark Tank. They’re looking for a Shark to assist them in growing their business.
Christian and Mike appeared on Shark Tank in seeking of $100,000 in exchange for a 5% stake in their firm, which worth $2 million.
They explain their narrative and make their pitch in front of a display board that contains all of the packs’ contents. The Sharks adore the sample packets.
They’ve raised $700,000 in six months, with $400,000 coming via IndieGoGo and the remainder from their website. They once cost $209 to manufacture, but were reduced to $144.
Each kit is $349. They require a Shark’s assistance in dealing with factories since, as a tiny firm, they are incapable of developing positive working connections.
Barbara indicates that she will be a customer, she exits. Mark was the next to exit.
Robert offers $200,000 for 10% equity shares and wants a response immediately. As Lori begins to speak, they accept Robert’s offer and depart the pitch with a deal.
What Happened to Seventy2 after Shark Tank?
The deal with Robert did finalized; however it looks as though he backed out in early 2019.
They fared well in the week after their original air date and had a second boost in sales after Ashton Kutcher tweeted about the product to his 19+ million followers.
Since the episode aired, they’ve created a $565 pack that includes gear and supplies for two people.
As of February 2022, the company is still operating and generates $1 million in yearly sales.
Net Worth of Seventy2
The company valuation was $2 million during the pitch and after the investment done by Robert Herjavec. Since then the company is still operating and hence the company net worth might have been more than that of pitch.
What is Seventy2?
Seventy2 is a 72-hour survival backpack mainly designed for people who are in disaster and need assistance. It comes with all in one system containing the most crucial items which can help the person to survive in the environment. The backpack can be used by anyone who goes hiking or camping and needs help to survive.
Who is the founder?
Seventy2 is the brainchild of Christian Schauf and Mike Escamilla. The duo met while they were working in California’s Silicon Valley. They lived far from each other, but once Christian moved to L.A., he realized that people panic out when there is a little amount of rain. He resolved that issue with his company Uncharted Supply Co.
How much were they seeking on Shark Tank?
They were seeking for $100,000 for 5% equity in their firm, which value at $2 million.
How much did they receive?
They received $200,000 for 10% equity shares of the company from Robert Herjavec.
Is Seventy2 still in business?
Yes, they are still running their business with annual revenue of $1 million.
Where is Seventy2 located?
Seventy2 survival backpack is based in Los Angeles, California.
What is the price of Seventy2?
One of the products that are available on Seventy2 is their 72-hour survival packs. A pack costs $349 and comes with all the items that one need to survive 72 hours in a catastrophe. This can be used by people who go camping, hiking or even to people living outdoors and might need help to survive.
How many of the products in Seventy2 are original?
The company has created more packs now with more items including a thermal survival tent and blanket made of Mylar, a headlamp, tools, a water bag, 100 feet of paracord, a water filter, a flashlight, a mobile phone charger and an air filtering mask.
What are the benefits of Seventy2?
The Seventy2 is a 72-hour survival backpack that comes with all in one system. It contains items that can help anyone to survive in the disaster environment. The backpack can be used by anyone who goes hiking or camping and needs help to survive.
Are there any discounts for Seventy2?
Seventy2 gives a discount of 10% on the second product to their customers. Also, they have a donation program which provides 50% discount to the customers.
What is Seventy2 return policy?
The company offers a 30-day return policy on all their products and if customer has any queries or issues with the product, they can contact them via email at [email protected] or call them on +1 435-631-1113.
How do I track Seventy2 order?
Seventy2 customers can track their orders on the website. After placing an order, the customer receives an email from the company where they receive a link to track their orders.
How will I know my product is shipped?
Customers will receive a tracking code via email which they need to enter in their account to track their order on the website. They can also call them and check the status of their order there.
What is Seventy2 website?
Seventy2 website is http://www.unchartedsupplyco.com/.
How do I pay for Seventy2?
There is a number of ways in which the customers can pay for their product. They accept all the common payment options like PayPal, Visa and MasterCard and also with their debit or credit card.
Customers can pay online through the website. They don’t accept cash on delivery mode.
Who is the CEO?
Seventy2 CEO is Christian Schauf.
What is the net worth of Christian Schauf?
Christian Schauf has a net worth of $1.5 million.What is the net worth of Mike Escamilla?
Mike Escamilla has a net worth of $250,000.