Is Man-Pack the Millennial Murse? | Shark Tank US | Shark Tank Global

next up is an entrepreneur with a better version of the Modern Man bag [Music] hi my name is Aaron Tweedy and I'm from Front Royal Virginia I'm here today seeking two hundred thousand dollars for a 29 stake in my company manpak the manpak is a sling styled vertical messenger bag designed by guys four guys you know 40 years ago men carried nothing more than a money clip but times have changed on average guys now carry 4.5 pounds of stuff things like Keys cell phones tablets energy drinks point is guys need to carry stuff and we have very few options we have the backpack the briefcase the traditional messenger bag and I'm sure all of you remember the fanny pack I have designed a superior product that I call Urban tactical you can wear this thing three different ways first waist bandolier style if you need to take it off quickly it has a quick release clasp a chest mounted utility pocket for your cell phone with a magnetic button closure line it up locks itself shut three rows them only for tactical gear and a collapsible beverage holder when you need it it's there when you don't no no collapsible beverage holder it folds up and out of the way to get into it you don't need to take it off just spin it around and open it up plus you have auxiliary pockets for things like your wallet loose Pocket Change Keys now if you're someplace we're going to take it on and off frequently you can throw it over one shoulder notice how the weight still hangs over your lower back due to the ergonomic design of the strap and if you're in the city on the Metro you can wear it reverse keep your possessions in front of you and safe from pickpockets the mission statement a manpak is to make men more prepared because a prepared man is a better man with your support we can turn the man bag Market into the man pack Market thank you for the opportunity to present and I'd be happy to answer any questions Aaron what's your background are you located baby that was really good are you what's your background are you a designer uh no I built my first house when I was 19 and uh I was in Fort Benning Georgia when I was 17. were you in the Army I was you know when you first walked in I looked at it and I thought oh another knapsack for guys whatever but you definitely wowed me with the utility of it can we see him can you head can we take a look sure yes thank you here you got me the black one thanks all right you get the XL yeah yeah he needs the XL thank you sir appreciate it have you sold any of these I have what are your sales what are your sales okay so last year 76 000 this year we're at 65 000 year to date is that online what do you think you're gonna do this year 145. what do you sell them for 59.95 and what are you making for them for they cost right now 22 dollars and five cents a piece so this product requires an explanation because it's hard to differentiate it against anything else that's true you have to educate the consumer because this is an emerging market bags are Emerging Market this is the millennial version of the merse but it's not great it's not a purse it's not a backpack but Aaron here's the concern when I was in Europe last summer with my family right I had a similar bag and I wasn't ashamed to wear it in public because every other guy in Europe had one exactly when I came back here I put the same thing on I didn't make it one block down the street everybody was laughing at me you know but that's not immersed Robert I don't think they were laughing at you for that you know a couple of things one um it's not immerse when you see the guys that I sell to the Secret Service agents and military personnel and law enforcement Personnel I never laugh at somebody with a gun right exactly well let's go to the real numbers how many did you sell last month online only probably like 40. you know I mean it's not good but I started this with five thousand dollars I've been doing a lot with next to nothing why do you think the company's worth seven hundred thousand dollars okay um 50 000 for the design pattern which but what did you get the design patent for for this model like what a bag with a strap that has so many pockets it's just the lookout what else are you adding to the value a multiple of sales for two years being the 145 000 projection 18 000 intellectual property that being the bank of uh YouTube commercials that I've created they're really funny you're putting a hard value on those value is a matter of perception and if we're on yes it is we're on an island and you have a bar of gold and I have a cheeseburger who's rich I'll take the gold okay instead of getting the plate and leave the island let's go Robert hold on wait are we done oh we don't want all the numbers oh just no um okay and 200 000 in Goodwill and 200 000 in Goodwill if I gave you 200 000 I'd have to own about uh 260 of the company a lot about that you have very small sales that's the reason I'm out I'm just a disciplined Financial investor I understand yeah I kind of agree with Kevin I think this this is a hard business to invest in I think you're a hustler and you're a great salesperson I just think it's hard for you to scale which makes it hard to invest in and so for those Reasons I'm out I'm out we've seen many people with um good sales bad sales and then we normally bet on the person and thank you for serving our country thank you we also look for small indications on how good this partner would be your I'm gonna charge twenty thousand dollars for the your videos that you may have made at home it indicated that you don't have a sense of financial intelligence when it comes to what Partners need and operating this business and for that reason I'm out I have to tell you as impressed as I am with you to me it looks like a messenger bag so you've got to go and you've got to run real fast baby you got to get out there but that's a journey for you and you're a tough guy ex-military I think you're going to do it I just you're not going to do it in the time frame but I want to do it in for that reason I'm out I don't know that much about what men carry around but I do know that in all my years in retail and at QVC and creating products the hardest thing is when there's just a ton of competition and you're not even sure how popular the market is for it and we're not sure how many people are going to be buying the product and for that reason I'm up [Music] I wish you all the best though all right well thank you guys very much what it comes down to is that they didn't like my valuation I'm sure they would have liked to have 70 percent of the business for 20 grand and you know I look forward into the future and I know that it's going to be worth a lot more because I'm going to make it worth a lot more

Channel: Shark Tank Global

Views: 759,710

Keywords: Shark Tank, Shark Tank US, Shark Tank Australia, Kevin O’Leary, Barbara Corcoran, Daymond John, Robert Herjavec, Mark Cuban, Lori Greiner, Dragons’ Den, Money Tigers, Entrepreneurship, investment, reality tv, man pack, man pack shark tank, man pack army, veterans, man pack shark, man pack shark tank update

Id: Px74cGbbkD8

Length: 7min 31sec (451 seconds)

Published: Mon Aug 01 2022