In Season 15 of Shark Tank, 15-year-old entrepreneur Nathaniel Wellen presented his unique creation, The Duo Umbrella.
Designed by Nathaniel, this innovative umbrella allows two people to use it comfortably together.
Did the Sharks see potential and invest in his invention?
Or,
What happened to The Duo Umbrella after Shark Tank?
Get to know the details in our The Duo Umbrella Shark Tank update and pitch recap…
If you’re short on time, here’s a quick overview of The Duo Shark Tank Update:
Quick Summary
Nathaniel Wellen appeared on Season 15 of Shark Tank, where he successfully secured a deal with Robert Herjavec, receiving $100,000 in exchange for 18% equity. In terms of the duo shark tank update, the product was still in the pre-order stages when the episode aired. However, progress is on track, and shipments are set to begin in the third quarter of 2024.
Table of Contents
The Duo On Shark Tank
| Shark | Result |
| Robert Herjavec | Accepted deal of $100,000 for 18% equity |
| Kevin O’Leary | No Offer |
| Barbara Corcoran | No Offer |
| Mark Cuban | No Offer |
| Lori Greiner | No Offer |
The Duo Shark Tank Deal
- Business: Sharable Umbrella
- Entrepreneur: Nathaniel Wellen
- Asked For: $100,000 for 10% equity
- Shark Tank Deal: $100,000 for 18% equity
- Shark: Robert Herjavec
The Duo Company Info
| Brand Name | Like Air |
| Official Website | likeairsnacks.com |
| @theduo | |
| @duoumbrella | |
| duoumbrella | |
| Where To Buy The Duo Umbrella | Buy Now On Amazon |
The Duo Umbrella Overview
The Duo is an innovative umbrella designed by young entrepreneur Nathaniel Wellen to solve the common issue of sharing a standard umbrella, especially for people of differing heights.
Equipped with a 54-inch canopy, The Duo offers ample coverage for two people, while its unique extendable double handle allows each user to hold the umbrella comfortably without awkwardness.
This two-handled feature sets The Duo apart as the first umbrella of its kind, providing both convenience and protection from the elements.
Available in two styles—the Compact Duo and the Stick Umbrella—The Duo is tailored to meet diverse needs. The Compact Duo model is lightweight and highly portable, making it ideal for everyday use, while the Stick Umbrella provides a more robust design.
The Duo Umbrella Shark Tank Pitch
Fifteen-year-old Nathaniel Wellen took the Shark Tank stage with his groundbreaking product, The Duo, an umbrella specifically designed to accommodate two users.
Recognizing the challenges of sharing a traditional umbrella, especially when there’s a difference in height between two people, Nathaniel designed The Duo with a large, 54-inch canopy and a unique double-handled feature that makes it easy for both users to hold on comfortably.
The Duo’s extendable handle pulls down from the bottom, allowing each person to hold the umbrella without struggling to fit under a small, single-handled canopy. With this unique design, The Duo became the first of its kind, and Nathaniel aimed to prove its potential on Shark Tank.
At the time of his pitch, Nathaniel’s company was pre-revenue, but he had already secured two utility patents: one covering the two-handled design and another patent-pending on the locking mechanism inside the handle.
He presented his prototypes to the Sharks, offering two models—The Compact Duo and The Stick Umbrella. The Compact Duo costs $4 to manufacture, with a wholesale price of $10 and a retail price of $25, while the Stick Umbrella, costing $8 to manufacture, wholesales at $20 and retails for $50.
Partnership with Shed Rain
Nathaniel had also partnered with Shed Rain, one of the leading umbrella manufacturers, which now holds 49% of his company. Shed Rain’s extensive reach, producing over 15 million umbrellas annually, made it the ideal partner to manage manufacturing and distribution.
Through this partnership, Nathaniel revealed that The Duo is on track for shelf space in major retailers such as Target, Walmart, Kroger, and Costco. This strategic alliance impressed the Sharks, showcasing not only Nathaniel’s foresight but also the commercial viability of The Duo.
Nathaniel then shared his journey as an inventor, mentioning how he first conceptualized The Duo at the age of nine. His unique idea eventually earned him an invitation to the Henry Ford Museum, where he competed in the National Invention Convention and won the award for “Most Original Invention“.
The Sharks, impressed by his background, began to dig deeper into his plans for scaling up.
Sharks’ Offers, Concerns, and Questions
Barbara Corcoran was the first to respond. Despite her admiration for Nathaniel’s ambition and partnership with Shed Rain, she felt that he didn’t need an additional partner on board.
She cited Shed Rain as the perfect ally, already set to manage manufacturing, distribution, and retail placements. With this in mind, Barbara decided to pass on making an offer.
Like Barbara, Lori Greiner didn’t really think that Nathaniel needs a partner. So, she is also out.
Next up was Kevin O’Leary, who was notably impressed by Nathaniel’s invention and presentation skills. However, Kevin expressed concerns about communication with Nathaniel while he juggles school responsibilities.
This potential gap in accessibility led Kevin to withdraw, although he acknowledged the promising prospects for The Duo.
Mark Cuban, another Shark intrigued by Nathaniel’s pitch, took a different approach. He recognized Nathaniel as a role model for other young entrepreneurs and praised him for his tenacity.
However, Mark felt that he didn’t want to dilute Nathaniel’s controlling 51% stake any further, recognizing that retaining majority ownership would allow him to maintain his vision without interference. Ultimately, Mark also decided not to make an offer.
The Duo Shark Tank Deal
Robert Herjavec, however, saw the bigger picture. He was impressed by the strength of Nathaniel’s product and the potential for a buyout down the line, particularly with a major manufacturer like Shed Rain already involved.
Seizing the opportunity, Robert offered Nathaniel $100,000 for 20% equity in The Duo.
Nathaniel, eager but strategic, countered Robert’s offer, proposing $100,000 for 15% equity instead. Robert, sensing the young entrepreneur’s determination, negotiated further and came back with a modified offer of $100,000 for 18% equity.
After careful consideration, Nathaniel accepted the deal, sealing a promising partnership with Robert.
Nathaniel’s Shark Tank pitch for The Duo concluded with a valuable deal, providing him not only with financial support but also mentorship from a seasoned investor.
With Shed Rain handling logistics, Robert’s support, and Shark Tank exposure, The Duo is positioned to become a popular, functional, and innovative umbrella for a wide market.
So, what happened to The Duo after Shark Tank? Keep reading our in-depth analysis on The Duo Shark Tank Update to find it out.
The Duo Shark Tank Update
So, what happened to The Duo Umbrella after Shark Tank?
Based on our analysis on The Duo Umbrella Shark Tank Update, we would like to state that it’s too early to gauge the full financial impact of the show’s exposure. However, the appearance is likely to drive a significant boost in pre-orders for The Duo, as viewers are eager to get their hands on this innovative, two-person umbrella.
With the national spotlight on The Duo and its young inventor, the show has undoubtedly increased interest and demand for the product.
According to our latest research, The Duo Stick Umbrella is currently available for pre-order on Shed Rain’s website, priced at $55. Shipments are expected to begin in summer 2024, allowing fans of Shark Tank and new customers alike to try out this uniquely functional umbrella just in time for the rainy season.
As the launch approaches, we’ll keep an eye on updates from Nathaniel and his new partner, Robert Herjavec, to see how The Duo performs in the market post-Shark Tank.
The Duo Umbrella Shark Tank Net Worth
At the time of Nathaniel Wellen’s Shark Tank appearance, The Duo was a pre-revenue company, making it challenging to assign an accurate net worth. However, with two patents in place, including one covering the unique two-handled design, The Duo holds strong intellectual property value, which adds to its potential worth.
Nathaniel’s partnership with Shed Rain, a leading umbrella manufacturer, further enhances the product’s value by securing manufacturing and retail placement in stores like Target, Walmart, Kroger, and Costco.
During the pitch, Robert Herjavec valued The Duo at $500,000 by offering $100,000 for 20% equity. Nathaniel ultimately negotiated and accepted an offer of $100,000 for 18% equity, effectively establishing a net worth estimate close to $555,000.
With the upcoming product launch, increased visibility from Shark Tank, and a robust manufacturing plan, The Duo’s net worth is expected to rise as it begins generating revenue.
Did The Duo Get A Deal On Shark Tank?
Yes, The Duo secured a deal on Shark Tank!
Nathaniel Wellen’s impressive pitch and innovative product design attracted significant interest from the Sharks, particularly Robert Herjavec. Although the other Sharks opted out for various reasons, Robert saw the potential in The Duo and offered $100,000 for 20% equity, confident that Nathaniel’s unique umbrella concept could succeed in the market.
After some negotiation, Nathaniel managed to secure the deal with Robert by countering for a lower equity share. They finally agreed on $100,000 for 18% equity, allowing Nathaniel to retain the majority of his company’s ownership.
This partnership with Robert has set The Duo up for potential success, and it will be exciting to see how the young entrepreneur and his innovative umbrella evolve with Robert’s guidance.
Where To Buy The Duo Umbrella?
The Duo Umbrella is currently available for pre-order on the Shed Rain website, where the Stick Umbrella can be purchased for $55.
With a shipping date set for the summer of 2024, you can secure your own Duo umbrella ahead of its official release. The pre-order option offers early access to this game-changing umbrella, ensuring you’re among the first to experience its innovative design.
In addition to the Shed Rain website, The Duo Umbrella is also available for purchase on Amazon. This makes it even more convenient for customers to order, with the added benefit of Amazon’s trusted shipping and customer service.
Whether through Shed Rain or Amazon, The Duo is ready to provide an elevated umbrella experience for those looking to stay dry with a friend or loved one.
The Duo Umbrella Shark Tank: Challenges and Milestones
Despite his age, Nathaniel has shown incredible resilience and a strong entrepreneurial mindset. His journey began when he was just nine years old and culminated in a partnership with a leading umbrella company and a successful Shark Tank deal.
Winning the award for “Most Original Invention” at the National Invention Convention in the Henry Ford Museum served as an early indicator of his talent and potential.
However, Nathaniel has faced challenges. Managing business responsibilities as a high school student is no small feat, and maintaining a controlling 51% share means he has limited external support.
Nonetheless, his partnership with Shed Rain has eased these burdens by handling key functions like manufacturing and retail distribution.
The Duo Umbrella: Market Impact and Customer Reception
While the product hasn’t fully launched yet, early feedback and pre-order interest suggest that The Duo has struck a chord with consumers. The innovative two-person design appeals to customers who value functionality and unique problem-solving products.
Reviews on Shed Rain’s website indicate strong interest, with many customers praising the dual-handle design as a smart and practical solution.
The Shark Tank exposure also generated brand visibility, setting The Duo apart from other umbrella products. With Shed Rain’s distribution network, The Duo has a strong chance of establishing a foothold in major retail stores, further widening its market reach.
What’s Next For The Duo: Future Plans
Looking ahead, Nathaniel’s plans for The Duo include expanding its market presence and possibly launching new versions to cater to diverse consumer needs.
As production and shipping gear up for 2024, Nathaniel may consider exploring international markets or designing accessories to enhance the product’s utility.
With Robert Herjavec on board, Nathaniel has a valuable mentor and business partner to help navigate future growth. As Nathaniel juggles school and entrepreneurial ventures, he remains focused on taking The Duo from a creative concept to a household staple.
FAQs On The Duo Umbrella Shark Tank Update
Who Owns The Duo Umbrella?
The Duo Umbrella is owned by Nathaniel Wellen, the 15-year-old entrepreneur who designed the innovative product. He has partnered with Shed Rain, a leading umbrella manufacturer, which owns 49% of the company and handles its manufacturing and distribution.
Did The Duo Get A Deal On Shark Tank?
Yes, The Duo secured a deal on Shark Tank with Robert Herjavec. He offered Nathaniel Wellen $100,000 for 18% equity in the company, which Nathaniel accepted after negotiating the terms.
Is The Duo Umbrella Still In Business?
Yes, The Duo Umbrella is still in business. After appearing on Shark Tank, Nathaniel Wellen’s company has continued to grow, with the product available for pre-order on the Shed Rain website and on Amazon. The product is expected to ship in summer 2024, signaling a successful continuation of the brand.
How Big Is A Two-Person Umbrella?
A typical two-person umbrella, like The Duo, usually features a canopy that spans around 54 inches, providing ample coverage for two people. This size ensures both individuals can stay dry comfortably, even if they have a significant height difference.
The large canopy and unique double handle make sharing the umbrella a practical and hassle-free experience.
What Happened To The Duo Umbrella After Shark Tank?
After appearing on Shark Tank, Nathaniel Wellen’s The Duo Umbrella gained significant attention and pre-orders. It is now available for pre-order on the Shed Rain website, with shipments expected to begin in the summer of 2024.
The partnership with Shed Rain ensures broad distribution, including major retailers like Target and Walmart.
Conclusion: The Duo After Shark Tank
The Duo exemplifies what a young entrepreneur can achieve with creativity, determination, and the right support system.
Nathaniel’s journey, from a 9-year-old inventor to a 15-year-old Shark Tank success story, serves as inspiration to others aspiring to bring innovative products to market.
With Shed Rain’s manufacturing expertise and Robert Herjavec’s mentorship, The Duo is poised for growth and market success.
For fans of Shark Tank and supporters of Nathaniel’s invention, The Duo embodies the spirit of innovation and resilience.
Keep following The Duo Shark Tank update to stay informed on the latest developments and milestones as Nathaniel and his company continue their journey.
In the meantime, you can check out more Company Updates on Shark Tank Season 15 Episode 11 by clicking on the links below:
- The Table Tyke After Shark Tank Update
- Poplight After Shark Tank Update
- Like Air After Shark Tank Update
Before you go, make sure to visit our Season 15 Company Updates Page, All Company Updates Page and Shark Tank All Products Page for more information on various companies and products featured in the Show.
At the same time, you can FOLLOW our blog to get the latest updates on businesses featured in Shark Tank Show. And, if you have any questions, you can send us message at your convenience.
Lastly, you can check out more Company Updates for the businesses featured in Shark Tank Season 14 by visiting our Season 14 Company Updates Page.
Leave a Reply