RewardStock Shark Tank Update

RewardStock Shark Tank Pitch

Jon Hayes appeared on Shark Tank Season 10, Episode 5, which aired on November 17, 2018, with Travel rewards app that helps users redeem air miles and hotel travel points.

RewardStock is listed in the Software Tech category. In plain terms, the business is described as Travel rewards app that helps users redeem air miles and hotel travel points.

RewardStock asked the Sharks for $200,000 for 5%, implying a valuation of about $4 million.

On the show, RewardStock made a listed deal with Mark Cuban for $320,000 for 10% + 1% advisory shares.

If treated as straight equity, the listed deal works out to about $3.2 million implied valuation, down from the original $4 million implied valuation.

This pitch is included as context for the more important question: what happened after Shark Tank.

RewardStock After Shark Tank

RewardStock accepted Mark Cuban's on-air deal, and later updates say the deal closed. (RewardStock Shark Tank Update

The travel-rewards optimization company found an exit two years later when Experian acquired RewardStock in November 2020. (WRAL RewardStock sale to Experian

After the acquisition, RewardStock's standalone startup story folded into Experian's broader consumer-finance and rewards ecosystem, making it one of Season 10's clearer acquired-company outcomes. (RewardStock Shark Tank Update

Sources

Sources used for this page: Shark Tank API pitches