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Man Pack Net Worth: Man-Pack Bag After Shark Tank
Man-Pack is a brand of messenger bags for guys that have a sling design. It can be used in place of a briefcase, a backpack, a messenger bag, and even the dreaded fanny pack. In response, Man-Pack created a versatile, tiny messenger bag for men called the Man-Pack that can be worn in three different positions. It also has a tonne of handy zippered compartments and pockets, both inside and out.
What a wonderful “satchel”! Young Indiana Jones would have benefited much from having something so impressive at his disposal. These days, the typical man carries roughly 4.5 pounds of equipment in his pockets and on his person, including a weapon. This includes keys, a phone, sunglasses, a wallet, a watch, a knife, a flashlight, and so on. The creator and head of Man-Pack, Aaron Tweedie, also happens to be its namesake. Aaron served in the US Army National Guard after earning a BBA from Old Dominion University. His career path continued with stints in real estate and the military, ultimately landing him the position of Cadet Development Officer.
Man Pack Net Worth in 2022
Aaron Tweedie, a former serviceman, faced difficult tasks whenever he had to transport large amounts of gear. Because of its adaptability, a backpack was his go-to bag. Following his time in the military, he came up with the innovative Man-Pack and took his product pitch to ABC’s Shark Tank. Man-Pack has a net worth of $4 million in 2022.
Who Is Inventor?
Aaron Tweedie was born on December 25, 1979, in Winchester, Virginia. However, the majority of his early life’s specifics remain kept secret. Around the late 1990s, we know he served as a radio transmission officer and M-60 gunner for the Virginia Army National Guard. In time, he enrolled at Old Dominion University in Norfolk, Virginia. He graduated with a marketing-oriented bachelor’s degree in business administration in 2006. Soon after, he established Tweedie Enterprises LLC, a real estate management and investment company.
Putting Together the Man-Pack
While ladies’ purses are a ubiquitous sight, men often find themselves with few practical options when it comes to transporting their items. During his presentation, Aaron mentioned that most men carry around the equivalent of five to seven pounds of gear, such as keys, drinks, and phones. Therefore, he designed a bag with a variety of interior and outside pockets.
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Tweedie was on the hunt for a durable yet fashionable backpack that would hold up on a construction job. The young businessman started Man-Pack with his life resources of $500. Beginning with military troops, he quickly gained a following and in 2013 made $76,000 selling bags. To expand his business, though, Aaron sought angel investors.
Man Pack Appearance on “Shark Tank”
In 2014, during the show’s sixth season, Aaron made an appearance on Shark Tank. He initially demanded $200,000 for a 29% interest in the company, a lofty price that hurt his negotiation position. Even though Aaron is a fantastic salesman, things didn’t go as planned with this presentation. The ex-national guardsman recommended that men should be ready for anything by carrying around a handy bag.
Unfortunately, the Sharks did not see the potential in Man-plans Pack or profits. According to Mark Cuban and Robert Herjavec, the concept is likely to be met with ridicule. The investors Daymond John, Kevin O’Leary, and Lori Greiner were interested in hearing the company’s financial results but finally decided to withdraw. Without reaching an agreement, Tweedie left.
The Next Step After Shark Tank
Even though Aaron didn’t get funded by Shark Tank, he still benefited greatly from the experience. Indeed, it assisted him in launching new product ideas like the Spitfire, a sling bag made specifically for gun owners. After a successful Kickstarter campaign, he revised the Man-Pack into a more robust and stylish version sold as a daily carryall. You can purchase the items on Amazon or directly from Man-Pack.com. Tweedie entered the Tank in 2014 and had a yearly sales volume of roughly $65,000. Without the Sharks’ assistance, he is now making $3 million annually. Man-Pack is thriving above expectations, as seen by the company’s current $4 million valuation.
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