The Bit Pouch started as an idea when Grady, an owner of a family-owned Electrical Contracting business realized how frustrating it was to hold screws in his mouth and forget bits while on top of a ladder. He began brainstorming ideas to hold bits and screws magnetically to his drill so he wouldn't ever have to worry about losing screws or bits again. After many months of brainstorming, he landed on The Bit Pouch. A small magnetic pouch that holds bits and screws on the outside and all your extra bits on the inside. In late 2015 Grady launched his first Kickstarter campaign and reached his goal of $10,000 quickly. With this new capital, Grady found a quality manufacturer and started producing the first run of Bit Pouches.