Fire Fighter 1 Shark Tank Episode 8 Update & Net Worth
Fire Fighter 1 Shark Tank Episode 8 Update & Net Worth Fire Fighter 1, developed by Bianca Wittenberg and her father, is a firefighting hose that connects to a pool pump, allowing homeowners to utilize their pool water in case of a fire emergency. Bianca appeared on Shark Tank Season 14, Episode 8, seeking $150,000…
Fire Fighter 1 Shark Tank Episode 8 Update & Net Worth
Fire Fighter 1, developed by Bianca Wittenberg and her father, is a firefighting hose that connects to a pool pump, allowing homeowners to utilize their pool water in case of a fire emergency. Bianca appeared on Shark Tank Season 14, Episode 8, seeking $150,000 for 15% equity in her company.
After some negotiation, she secured a deal with Mark Cuban and Lori Greiner for $150,000 in exchange for 25% equity. This partnership provided the business with an opportunity to scale, although the niche nature of the product presents unique challenges.
What is Fire Fighter 1? How Does it Work?
Fire Fighter 1 is a specialized firefighting hose designed to quickly connect to a pool pump, allowing homeowners to use their pool water to combat fires on their property. The product is particularly valuable in areas prone to wildfires, where access to large volumes of water can be a critical factor in protecting homes.
The Fire Fighter 1 kit includes a durable nylon hose available in two lengths: 50 feet and 100 feet. The hose is connected to the pool pump using a 3-way diverter, allowing the water to be redirected for firefighting purposes. The kit also comes with an adjustable nozzle, giving users control over the water pressure.
The 50-foot hose can cover approximately 1/4 acre and weighs 13.5 lbs, while the 100-foot hose covers around 1/2 acre and weighs 28 lbs. Each hose is priced at $369 and $449 respectively, with the diverter and installation kit sold separately for $95.
Fire Fighter 1 Shark Tank Episode 8 Season 14: What Happened at Shark Tank Pitch?
During her pitch on Shark Tank, Bianca Wittenberg asked for $150,000 for 15% equity in Fire Fighter 1.
She explained the concept of using pool water to fight fires and presented the sharks with her financials, stating that each unit costs about $124 to manufacture and sells for $449. However, with less than 50 units sold and total lifetime sales of just $20,200, several sharks were concerned about the product’s limited market potential.
Daniel Lubetzky, Kevin O’Leary, and Daymond John all decided to pass on the opportunity, citing concerns about the niche market and the early stage of the business. However, Lori Greiner and Mark Cuban saw potential in the product’s unique application and teamed up to offer $150,000 for 25% equity. Despite attempting to negotiate for a 20% stake, Bianca ultimately accepted the original offer.
Fire Fighter 1 Shark Tank Pitch Summary
| Company Name | Fire Fighter 1 |
| Founder | Bianca Wittenberg |
| Product | Firefighting Hose Connected to Pool Pump |
| Amount Asked For | $150,000 for 15% equity |
| Final Deal | $150,000 for 25% equity |
| Investor | Mark Cuban & Lori Greiner |
| Season & Episode | Season 14, Episode 8 (Shark Tank USA) |
| Lifetime Sales | $20,200 estimated |
| Business Status | In Business |
| Current Net Worth | $500,000 estimated |
What Happened To Fire Fighter 1 After Shark Tank?
Following its appearance on Shark Tank, Fire Fighter 1 experienced increased interest and sales, particularly from those living in wildfire-prone areas. The partnership with Mark Cuban and Lori Greiner provided the business with valuable resources and expertise to help scale operations and improve market penetration.
The company also expanded its product line with the introduction of the Barricade Fire Gel Upgrade, a product designed to enhance fire protection. Despite the niche nature of the product, Fire Fighter 1 has continued to grow, with lifetime sales reaching $1.2 million as of June 2024.
How Much Is Fire Fighter 1 Worth?
As of 2024, the net worth of Fire Fighter 1 is estimated to be around $500,000. This valuation reflects the company’s growth since its appearance on Shark Tank and the investment from Mark Cuban and Lori Greiner. The company’s unique product and the potential to serve a critical need in wildfire-prone areas have contributed to its steady valuation.
Is Fire Fighter 1 Still in Business?
Yes, Fire Fighter 1 is still in business as of June 2024. The company continues to operate from its headquarters in Sacramento, California, and has expanded its product offerings. The partnership with Mark Cuban and Lori Greiner has helped the company navigate the challenges of a niche market and grow its customer base.
Which Episode Number was Fire Fighter 1 Shark Tank?
Fire Fighter 1 was featured on Shark Tank Season 14, Episode 8, which aired on December 2, 2022. The episode highlighted the challenges and potential of a niche firefighting product and showcased Bianca Wittenberg’s journey as an entrepreneur.
