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Yellow Leaf Hammocks Shark Tank Update

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Yellow Leaf Hammocks is a company in the US that sells handcrafted hammocks made by women artisans from the Mlabri tribe of Northern Thailand. The company is known for its commitment to sustainable practices and fair labor practices and is dedicated to preserving the traditional craft of hammock-making while providing economic opportunities for the Mlabri people.

The company was started in 2011. The hammocks are comfortable, portable, and aesthetic look-wise. They aim to create ethical jobs and secure the community. Every individual hammock created is hand woven by the Malbri woman. The women are also provided with education too. But how different can a hammock be, well it’s the fabric used.

The fabric used is a lot stronger and softer and that is why it’s more stable and durable. The best and most beautiful part of the Yellow Leaf Hammocks is its details, the hammock can hold many people which is up to 400 lbs.

They aim on breaking the aim of the cycle of poverty and build a bright future. Their principles include a journey to relaxation, transforming communities, and empowering women.

Yellow Leaf Hammock at a glance

IdeaA living for Malbri Tribal and relaxing for Americans
FoundersJoe Demin and Rachel Connors
Asked For $400,000 for a 7%
Accepted Deal $1 million for 25% equity
SharksDaniel Lubetzky
Business statusIn Business
Episode No.Season 11, Episode Finale

Index:

Founder Story:

Joe Demin and Rachel Connors are the founders of the company. Like the hammock itself is a travel and relaxing accessory, it was inspired by travel itself. In 2008, after the recession of Joe lost his job and traveled to Hawaii with his wife. In 2011, he went on a bike ride to Thailand and stumbled on the hammock, there he met the weaver families and their art of weaving.

This creation of theirs urged him to help these families to make a living for themselves through their art. After returning to the US, he started the company with his wife Rachel. He not only wanted the Malbri people to earn but also a relaxing accessory for Americans.

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Did The company get the deal?

Yes, the company did crack a deal with Daniel Lubetzky for $1 Million in exchange for a 25% stake in the company. The company did impress many Sharks like Robert Herjavec and Lori Greiner.

Robert Herjavec offered $400k for 15% while $200k for 17% equity and $200k for 7% interest.  After many counteroffers with these sharks, they landed the deal with Daniel.

What happened to Yellow Leaf Hammock after Shark Tank?

After the shark Tank, the negative impact on Cruise, but managed to be on Amazon. Though the company started their sale directly to the customers.

  • Currently, the revenue as of 2022 is $1 Million while before the shark Tank.
  • The valuation of the company was $5.71 Million when it appeared on the Show, while today as of today it is $1 Million.
  • The products today sold are  Cotton Rope, Chairs, Hammock Throne, The Throne for $2,999, Go Anywhere Hanging Straps for $39, and many more.

Competitors of Yellow Leaf Hammocks

  • Next Step Network
  • Rebuild Globally
  • BLOOMBACK
  •  Trek Light Gear
  • Green Collect
  • Year Here
  • The Social Studio
  •  Aid

What’s the net worth of the company?

At the time of the pitch on the show the net worth was $5.71  Million, after the investment it went to $4 Million and today the valuation is ~$1 Million.

Is Yellow Leaf Still in business?

Yes, the company is still in business and doing revenue of more than $ 1 million in 2022.

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FAQs:

What is Yellow Leaf hammocks ?

Yellow Leaf Hammocks is a company in the US that sells handcrafted hammocks made by women artisans from the Mlabri tribe of Northern Thailand.

What's the net worth of Yellow Leaf hammocks ?

At the time of the pitch on the show the net worth was $5.71  Million, after the investment it went to $4 Million and today the valuation is $1 Million.

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