# Fast Bags Corp

Biodegradable Trash Bags, inside America's First Trash Bag Dispensing System

## Elevator pitch
We make BagUps, a patented trash bag dispensing system that revolutionizes how you change the trash. Biodegradable* ASTM D6954-18 bags that automatically pop up to replace the full bag when you remove the trash. Made in the US by Veterans and People with Disabilities.

- Canonical URL: https://wefunder.com/fast.bags.corp
- Entity ID: wefunder:company:94631
- Last updated: 2026-06-23T05:01:44Z
- Generated at: 2026-06-23T17:36:57Z

## Quick facts
- Fast Bags Corp increased sales by 277% from Jan - July 2022 over the same period in 2021
- The US trash bags market was $2.72 billion in 2021 & projected to be $3.83 billion by 2027
- The company has secured 5 US & Canadian Utility Patents and Trademarks
- Our biodegradable* trash bags degrade in 2-3 yrs compared to conventional bags.
- 100% Made in the USA by Veterans and People with Disabilities
- Saves Time & Money in commercial settings, 2hrs per 100 bag changes
- Veteran owned & operated

## Active fundraises
- wefunder:fundraise:49515: 4(a)(6) successful (USD)
- wefunder:fundraise:49516: 4(a)(6) successful (USD)

## FAQ
1. **Is there a net increase or decrease in carbon emissions from the production and use of this product?**
   - Hi Michelle, Thank you for your interest in our mission. We feel there is a net decrease in carbon emissions from our product for several reasons, The majority of our product line delivered directly to your door by the US Post Office who is coming there anyway to bring the mail. You will not see Amazon or other 3rd party logistics trucks making extra deliveries. In addition, we eliminate the carbon footprint associated with getting garbage bags to retail stores. This requires getting the prod...
2. **You include information on products which did quite well selling out to large corporations. Is it a goal of Fast Bags to follow this lead? If so, how can you guarantee that the large corporation will continue the important ideal of hiring veterans and people with disabilities?**
   - Thank you for your interest in our mission. If there is a sale event our vision is it will be similar to one like The Dollar Shave Club where the owner and founder remained running the company. In our opinion it would not be in anyone's best interest to take over the company and changes what works best about it.
3. **I'm very interested in making a (small) investment in the company. But I don't understand how it works. What sort of return should I expect? And how much risk is involved? And what is the expected timeline for seeing a return on my investment?**
   - Thank you for your interest in our mission. Wefunder has a a unique platform for investing in missions and companies you believe in. Similar to traditional stock purchases you will have a portion of equity in the company based on your investment and the companies valuation. Like any investment you risk loosing your investment if the company does not succeed. You would recognize profit from your investment when the company is sold, licenses their technology, starts to pay a dividend or any com...
4. **Same question Sally Waters asked. I need to understand if/how a return on my investment happens. Otherwise, I'll just support you by buying the product which I really love.**
   - Thank you for your interest in our mission. Wefunder has a a unique platform for investing in missions and companies you believe in. Similar to traditional stock purchases you will have a portion of equity in the company based on your investment and the companies valuation. Like any investment you risk loosing your investment if the company does not succeed. You would recognize profit from your investment when the company is sold, licenses their technology, starts to pay a dividend or any com...
5. **Waiting for reply to Sally and Mikala's question - interested, but share Mikala's thought - I need to understand if/how a return on my investment happens. Otherwise, I'll just support you by buying the product which I really love.**
   - Thank you for your interest in our mission. Wefunder has a a unique platform for investing in missions and companies you believe in. Similar to traditional stock purchases you will have a portion of equity in the company based on your investment and the companies valuation. Like any investment you risk loosing your investment if the company does not succeed. You would recognize profit from your investment when the company is sold, licenses their technology, starts to pay a dividend or any com...

## Team
- Jack Licata (President)

## Recent posts
- Check us out on Entrepreneur Elevator Pitch Season 13 Episde 6 (2025-12-30T03:00:54Z)
- Campaign Completes 5/24 (2024-05-22T01:44:13Z)
- Our Campaign is closing soon...... get on board, double down, tell a friend!!! (2024-04-10T10:57:12Z)
- Our campaign is closing soon, and we are only beginning!! Made From Stone bags coming soon to a garbage can near you. (2024-04-08T01:39:55Z)
- Our Campaign is closing soon...... And the Country is noticing Bagups!!! (2024-04-04T01:04:05Z)
- Fast Bags Corp NJ BIZ Veterans In Business Award winner (2024-04-01T02:46:57Z)
- Jack Licata Founder of Fast Bags Corp wins NJ Biz Magazine's Veterans in Business Award 2023 (2024-04-01T02:40:10Z)
- Pitch Deck Update (2023-10-20T00:48:58Z)
- Bundles are here! (2023-07-17T09:47:50Z)
- Bundles are the beginning (2023-05-15T10:49:46Z)
- Bagups Goes to see MRBeast (2023-03-08T01:56:18Z)
- This Bag Rocks!!! (2023-02-09T02:02:08Z)
- Plastic, Made from Stone?! (2023-02-02T00:54:14Z)
- REV CF Filed with SEC (2023-01-12T19:08:36Z)
- Happy Thanksgiving to all, especially our men and women in the armed services who are deployed. Our subscription rate is now 71% up from 15% in January. That means 71% of our revenue in Nov is from subscribers, this is extraordinary !!! Built to Last! (2022-11-25T14:53:49Z)

## Q&A
- Q: I'm very interested in making a (small) investment in the company. But I don't understand how it works. What sort of return should I expect? And how much risk is involved? And what is the expected timeline for seeing a return on my investment?
  - A: Thank you for your interest in our mission. Wefunder has a a unique platform for investing in missions and companies you believe in. Similar to traditional stock purchases you will have a portion of equity in the company based on your investment and the companies valuation. Like any investment you risk loosing your investment if the company does not succeed. You would recognize profit from your investment when the company is sold, licenses their technology, starts to pay a dividend or any combination of these three. While there is no firm timeline for any of these three options, the company is tracking a steep growth curve that should continue even steeper after this Wefunder campaign is complete.
- Q: Same question Sally Waters asked. I need to understand if/how a return on my investment happens. Otherwise, I'll just support you by buying the product which I really love.
  - A: Thank you for your interest in our mission. Wefunder has a a unique platform for investing in missions and companies you believe in. Similar to traditional stock purchases you will have a portion of equity in the company based on your investment and the companies valuation. Like any investment you risk loosing your investment if the company does not succeed. You would recognize profit from your investment when the company is sold, licenses their technology, starts to pay a dividend or any combination of these three. While there is no firm timeline for any of these three options, the company is tracking a steep growth curve that should continue even steeper after this Wefunder campaign is complete
- Q: You include information on products which did quite well selling out to large corporations. Is it a goal of Fast Bags to follow this lead? If so, how can you guarantee that the large corporation will continue the important ideal of hiring veterans and people with disabilities?
  - A: Thank you for your interest in our mission. If there is a sale event our vision is it will be similar to one like The Dollar Shave Club where the owner and founder remained running the company. In our opinion it would not be in anyone's best interest to take over the company and changes what works best about it.
- Q: Hi, I read that oxo-degradable plastics are still derived from fossil fuel based plastic. Any reason why your company decided to use that instead of plant derived ones like the ones Ecosafe uses? I would be more comfortable investing in a completely green/sustainable product than a partial one. (Quote from this site: https://www.greendotbioplastics.com/biodegradable-vs-compostable-vs-oxo-degradable-plastics-a-straightforward-explanation/) "While often confused with biodegradable plastics, oxo-degradables are a category unto themselves. They are neither a bioplastic nor a biodegradable plastic, but rather a conventional plastic mixed with an additive in order to imitate biodegredation. Oxo-degradable plastics quickly fragment into smaller and smaller pieces, called microplastics, but don’t break down at the molecular or polymer level like biodegradable and compostable plastics. The resulting microplastics are left in the environment indefinitely until they eventually fully break down." Thanks!
- Q: Hi Jack, If we invest and you go public, do we get real shares from our investment already or what happens at that time?
  - A: Hi Sean, that’s a good question. Let me ask my compliance attorney. We do not have any current plans of going public. I did that with one of my other companies - it’s not all it’s cracked up to be. You turn from Main St. to bow down to Wall st.
- Q: Jack, Curious as you never really answered Rajiv's question. You said 2019 revenues were negligible, but that was four years ago. How about 2022 and 2023? Also, you said your burn rate was $700K + but that's not revenue, but expanses and I have a hard time understanding how a company with no revenue is spending $3K per business day on expenses? Salaries? Doing what? It seems like a well meaning idea, but more of. a non-profit than a business.
  - A: Hi Gerard, Thank you for your inquiry. I will post our numbers shortly as our end of year data is now complete. Last year we grossed over $550k and this years run rate is higher and our subscription acquisition is also higher. We do not and have never taken salaries. We do pay for our CPA, taxes, IT support, manufacturing, insurance, raw materials, etc., our largest expense is front loading the marketing as we are focusing on a subscription based business for a residual product that causes recurring revenue. We have proven our business model and have a great customer experience and base. This is why we are doing this campaign we waited until it’s been proven.
- Q: Do you become part owner?
  - A: Yes you get an equity position like any other company that you buy shares of.
- Q: What's the difference between Fast bags and Crown Poly Compostable Bags?
  - A: Hi Grigore, Thank you for your interest in our mission. Our bags are not compostable. That is a different ASTM standard. Compostable bags are designed to break down in approx. 90 days in a structured environment. We found that this material does not do well in a trash can with hot and wet garbage like coffee grinds, tea bags, soups etc.
- Q: Hello, I love "save the earth" solutions and I can see your product being used in many other places trying to show their environmental commitment. Sadly, there is no filing with the SEC for me to look at, nor do you share your financial statements. When do you plan to officially file with the SEC and provide that information? Also, there are 2 other members who have asked questioned, but appear to have gone unanswered (one on November 24th, and the other on December 17th. One of my criteria is looking for founders that reply to all questions asked vs. just picking and choosing the ones that work for them. Are you planning to respond to them?
  - A: Thank you for your interest in our mission. The Rev CF filing with the SEC is being filed now. We answer all inquiries many times people email us as well and we answer them directly. What other questions can we answer for you?
  - A: Hi Scott, The SEC Rev CF was filed today.
- Q: Why is the early bird terms up to $8.6M on a company evaluated at $9M? What is the cap for fundraising in this round ?
  - A: Thank you for your interest in our mission. The early bird round is over, the current valuation is $10 million
- Q: What are your revenues the last few years?
  - A: Thank you for your interest in our mission. Our Rev CF was filed with the SEC today. Our revenue in 2019 was negligible, this year 2023 we are on a $700k + run rate. This is considered conservative and we will soon be adding more products
- Q: Is there a net increase or decrease in carbon emissions from the production and use of this product?
  - A: Hi Michelle, Thank you for your interest in our mission. We feel there is a net decrease in carbon emissions from our product for several reasons, The majority of our product line delivered directly to your door by the US Post Office who is coming there anyway to bring the mail. You will not see Amazon or other 3rd party logistics trucks making extra deliveries. In addition, we eliminate the carbon footprint associated with getting garbage bags to retail stores. This requires getting the product from the large manufacturer, to distribution centers, to the retail store, and then home in your car. We soon will have an even lower ecological footprint product when we release our "made from stone: product which will eliminate 50% of the man made polymers in our plastic. For more information you can Google" Okeanos, made from Stone"
- Q: Which patents do you actually hold on the bags? Can you provide a patent number that we can take a look at for the degradeable bags and the dispensing box design?
- Q: Love what you have built. I would love to support you as a startup guru and as your Head of people . http://calendly.com/lizabethmurphy - Lizabeth https://www.linkedin.com/in/lizabethmurphymalik/
- Q: In the video, you mentioned you were shifting strategies and focusing on eCommerce. I don't see your product listed on amazon. Are you on amazon and if not, why not?
  - A: Hi Marti- thank you for your support and interest. We are currently an e-commerce direct to consumer business. We are in the process of adding Amazon as a sales channel- to do it correctly takes about 90 days. In addition we are working with a new product that will lower the carbon footprint of bag users. We will be working with commercial accounts on this new Made From Stone product.