Yellow Leaf Hammocks Net Worth
In a world where stress is high and we’re surrounded by noise, one of the most relaxing activities is to go out and hang out in a hammock. Whether it’s on vacation, at the park, or in your own backyard, hammocks are an easy way to relax. It’s no wonder that many people enjoy using them.
The company’s founders, Joe Demin and Rachel Connors, set out to make hammocks accessible for everyone by partnering with the Mlabri tribe in Thailand. Their mission is to provide a sustainable business model that promotes social impact, creates jobs, and provides the Mlabri with the income they need to live a more self-sufficient life.
They sell their hammocks online and on Amazon. They also partner with Virgin Cruise Lines to provide their products on the company’s ships.
Founded by Joe Demin and Rachel Connors in 2012, Yellow Leaf Hammocks is an eco-friendly company that manufactures hammocks made of cotton. The products are handmade by the Mlabri tribe in Thailand and are known for their comfort, durability, and weather-resistance.
Their hammocks are sold for a range of prices, from $179 for a single-person hammock chair to $1999 for their new “Hammock Throne” product. They also offer a free shipping and returns policy.
About the Founders
The founders of the company, Joe Demin and Rachel Connors, are a married couple who met while backpacking through Southeast Asia in 2011. They both loved traveling and wanted to spread happiness and empower disadvantaged people.
After they got back home, Joe and Rachel started a business selling backpacking products. They soon partnered with the Mlabri tribe in Thailand and began manufacturing hammocks. They’re now known for their colorful and unusual hammocks, which have become trendy among consumers.
They’re a B Corporation and have earned their certification to ensure that they use business as a force for good, helping people in their community and environment, and creating long-term employment opportunities. They’re also committed to reducing deforestation and supporting ethical sourcing.
Their goal is to create an environment where people can live in a sustainable way and achieve their full potential. They’re currently working with five ethic communities across Thailand to help them break the cycle of poverty and make their lives better.
Net Worth & More
In 2018, the company’s net worth was $ 5.7 million, which is an impressive amount. It’s also a growing company, and its sales are expected to increase significantly in the future.
The company’s products are available at Amazon and its website, with prices ranging from $179 for a single-person sized hammock to $1999 for its new hammock throne product. It also partners with cruise lines to provide their products on board ships, which has led to a boost in revenue.
The company’s founders, Joe Demin, and Rachel Connors, appear on Shark Tank in season 11 to pitch their product and seek investment. They asked for $400,000 in exchange for a 7% stake in their company. They were rejected by Robert Herjavec and Lori Greiner, but Daniel Lubetzky offered a deal of $1 million in return for a 25% stake.