Parents who love camping face a big problem. They want to take their babies outdoors but regular sleeping bags aren’t safe or warm enough for little ones. Most baby sleeping bags don’t work in cold weather. Parents end up wrapping babies in multiple layers like tiny burritos just to keep them warm at night.
Tavis Malcolm solved this problem when his son Morrison was born. He created Morrison Outdoors – special sleeping bags just for babies and young children. These bags have sleeves for movement and flip-over cuffs to keep hands warm. They use premium insulation to protect kids in freezing temperatures.
On Shark Tank, Tavis asked for $300,000 for 10% of his business. He showed the Sharks his award-winning sleeping bags. The products impressed them, but they had tough questions about sales and growth.
Morrison Outdoors Net Worth Shark Tank Update 2025
Tavis Malcolm asked for a $300k investment in exchange for 10% equity in his company. This meant he valued his company at $3 million. He made a deal with Barbara and Mark for $300k in exchange for 20% of his company. This new deal valued his company at $1.5 million. After the show aired, Morrison Outdoors saw a big increase in website traffic, sales, and social media exposure. With an estimated 10% yearly growth rate (typical business growth), the current net worth of Morrison Outdoors is about $2.42 million.
The company has grown significantly since Shark Tank. The deal with Barbara and Mark helped expand production and marketing. Sales increased as more parents discovered the products.
Today, Morrison Outdoors remains a leader in children’s outdoor gear. They’ve added new sizes and styles. The trade-in program continues to be popular. The company now donates more to charity thanks to higher sales.
Tavis still runs the business with the same passion. He focuses on quality and safety first. The sleeping bags are now sold in more stores nationwide. The website gets steady traffic from outdoor-loving families.
Yes, Tavis made a deal with two Sharks. Barbara offered $300,000 for 20%. Mark joined her in the investment. Tavis accepted their offer.
| Shark(s) name | Offer & Demand | Counteroffer | Accepted? |
| Barbara Corcoran and Mark Cuban | $300,000 for 20% equity | N/A | Yes |
| Lori Greiner | Out | N/A | N/A |
| Kevin O’Leary | Out | N/A | N/A |
| Robert Herjavec | Out | N/A | N/A |
| Mark Cuban | Partnered with Barbara | N/A | N/A |
Morrison Outdoors Shark Tank Pitch
Tavis grew up camping as an Eagle Scout. When his son was born, he wanted to share his love of the outdoors. On their first camping trip, he saw the need for better baby gear.
He sewed the first prototype himself. It worked so well that he quit his job to start the business. With just $3000 savings, he launched from his garage.
Early days were tough. Tavis did everything alone. He learned about manufacturing and marketing through trial and error. His persistence paid off as sales grew steadily.
Tavis went on Shark Tank to present his company that makes special sleeping bags. These sleeping bags have some cool features:
– Sleeves for movement: You can move your arms around while you’re inside the bag, making it easier to be active.
– Flip cuffs for warmth: You can flip the cuffs down to keep warm when it’s cold.
– Premium insulation: The materials used keep you really warm without adding too much weight.
– Lightweight and packable: The bags are easy to carry around and take up little space when packed.
Tavis also talked about his business success, mentioning he has sold a total of $4.3 million worth of sleeping bags, with $1.1 million expected in sales for that year alone. He has already sold 50,000 bags so far.
He was seeking an investment of $300,000 in exchange for a 10% ownership stake in his company. He wanted help from Sharks to help his business grow even more.
Lori Greiner asks about the purpose of the arm sleeves. Tavis responds that they’re designed for kids to allow more movement than traditional sleeping bags, which can restrict arm movement, like “mummy bags.”
Robert Herjavec inquires about the pricing of the product. Tavis reveals that the selling price ranges from $85 to $200, while the production cost is between $22 and $52.
Mark Cuban wants to know where the product is being sold. Tavis explains that sales come from three channels: half (50%) from their own website, a quarter (25%) from Amazon, and another quarter (25%) from wholesale buyers.
Barbara Corcoran asks about Tavis’s background, revealing that he has experience as an Eagle Scout and has started multiple businesses.
Kevin O’Leary brings up concerns about the size of the market for this product. Tavis reassures him by stating that they’ve already sold 50,000 of these bags, indicating there is interest and demand for them.
Kevin O’Leary: He doesn’t see the value in the business because he doesn’t enjoy camping, which is related to Tavis’s product. So, he decides not to invest.
Robert Herjavec: He likes the product but feels it’s too small in scale to be worth his investment. He also chooses not to invest.
Lori Greiner: She sees potential for the product in larger venues like stadiums, but is undecided about the investment. Ultimately, she opts not to invest.
Barbara Corcoran: She believes in the product and offers Tavis $300,000 in exchange for a 20% ownership stake in the business.
Mark Cuban: He agrees with Barbara’s assessment and decides to join her offer, combining their resources.
In the end, Tavis decides to accept the combined offer from Barbara and Mark, meaning he will receive $300,000 for a 20% stake in his business.
Product Availability
The products are available:
– On their website
– On Amazon
– In select outdoor stores
Prices range from $85 to $200. The trade-in program remains popular. New sizes and styles have been added.
Conclusion
Tavis’s Shark Tank journey was successful. His practical solution for camping families impressed the Sharks. The deal with Barbara and Mark helped grow the business.
Morrison Outdoors continues to thrive today. More families can now enjoy the outdoors safely with their little ones. The company stays true to its mission while expanding its reach.
Hey, I’m Amna Habib an undergraduate student of Bachelors in Business Administration. Shark Tank is one of my favorite TV shows of all time. The show provides a fascinating insight into the world of entrepreneurship by presenting creative solutions to common problems, which strongly connects to my academic interests. I’m interested in learning more about the strategic thinking and creativity that lead these companies as each pitch provides insightful information. I’ve found that watching Shark Tank has inspired my enthusiasm for business and entrepreneurship and has been a very enlightening and motivating experience. Apart from business and writing, I love food, shopping, and hanging out with friends and family. Read more About me.
