Under the Weather Update

Under the Weather Pods Update | Shark Tank Season 8

Rick Pescovitz had enough of shivering in the rain, battling the wind, and roasting in the sun while trying to cheer on his kids at their games. Determined to make watching sports more enjoyable, he came up with Under the Weather—a portable pod that keeps fans warm, dry, and shielded from the elements. Easy to carry and quick to pop open, it lets you stay cozy and catch every play, no matter what Mother Nature throws your way. Let’s see how the negotiations go for Rick in our Under the Weather update and pitch recap.

SharkResult
Mark CubanAccepted offer of $600,000 for 15% equity with added options
Kevin O’Leary$600,000 for 20% equity
Daymond John$600,000 for 20% equity
Lori GreinerNo offer
Robert HerjavecNo offer

Shark Tank Under the Weather Pitch

Shark Tank Under the Weather Update
  • Entrepreneur: Rick Pescovitz
  • Business: A fully enclosed, portable, and lightweight tent
  • Ask: $600,000 for 10% equity
  • Result: $600,000 for 15% equity with added options
  • Shark: Mark Cuban

Rick stepped into Shark Tank, determined to change how people enjoy outdoor events, no matter the weather.

He sought an investment of $600,000 to ramp up production. 

The funds would also help expand retail partnerships, bringing these innovative pods to more outdoor enthusiasts everywhere.

Under the Weather specializes in outdoor gear, focusing on portable, weatherproof pods that keep users comfortable in any condition. 

These lightweight pods offer full-body protection from rain, wind, sun, and cold. 

The business operates through direct-to-consumer sales and retail distribution channels, making it easy for customers to purchase. 

Moreover, partnerships with youth sports leagues and health departments have broadened the company’s reach and allowed them to serve a wider audience. 

Under the Weather’s primary customers are parents attending their children’s sports games, outdoor enthusiasts, and healthcare workers who need portable shelters.  

Unlike competitors, they offer a full-coverage, all-in-one solution that meets outdoor needs across various settings. 

Robert Herjavec jokingly calls it “ridiculous-looking.” Rick then invites a shark to try it out. 

Mark Cuban, Lori Greiner, and Daymond John step in, and as Rick turns on the “rain” again, the sharks stay completely dry.

Rick explains that 85% of his sales come from online channels. Each unit costs $23 to make and retails for $99. 

His sales reached $2 million last year alone. Moreover, he holds a utility patent and nine design patents, which give his product strong protection. 

He also shares that he previously ran a business he didn’t enjoy, which he sold in 2012 for $3.5 million. 

In a more somber moment, Rick reveals that his brother was tragically killed in a car accident the day after he shared the Under the Weather concept with him.

Daymond, curious about the funding need, asks why Rick is seeking a shark’s support. 

Rick explained that he needed help with retail expansion and protection against knock-offs. 

In response, Daymond offered $600,000 for 20% equity, aiming to license the product.

Immediately, Kevin matches the offer, adding that he can help streamline inventory. 

Meanwhile, Robert believes Rick doesn’t need outside help and decides to exit the negotiations. 

However, Mark takes a different approach, offering $600,000 for 15% equity and an option to purchase an additional 10% equity for $600,000. 

Rick, seeing a fit, accepts Mark’s offer.

Let’s get an Under the Weather update to see how the company is doing today.  

Shark Tank Under the Weather Update

Our Under the Weather update found that the deal with Mark Cuban was not finalized. 

However, the company saw a 180% increase in sales within six months of the episode airing. 

By 2023, Under the Weather expanded its product line to include personal protection pods and isolation tents, catering to frontline workers during the COVID-19 pandemic. 

This strategic pivot helped the company maintain strong sales during challenging times.

The company also broadened its distribution channels, making products available in retail stores nationwide. 

At the time of this writing, our Under the Weather update research found that the company has achieved annual revenues of $5 million and a net worth of $10 million. 

We’re calling this Under the Weather update a success.

Interested in following up with the other company updates from Season 8 Episode 20? Check here:

Before you go, be sure to check out our list of all the Shark Tank Season 8 products.

Kimberly Graf
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Kimberly is a writer for Shark Tank Recap. She has written episode summaries and updates across multiple seasons of Shark Tank, with a focus on complete and accurate information since 2021. She believes that getting the business aspects of each deal correct is extremely important for viewers and fans. Her favorite Shark Tank products are The Wobbles and Rocketbook!