Seasons 6+ pages were generated with help from AI. Seasons 1-5 were researched and written by hand.

GRIND Basketball Shark Tank Update

Fitness Outdoors

Pitch Overview
Name	GRIND Basketball
Main Presenters	Thomas Fields
Order Shown in Episode	1
Final Deal	Deal was made on the show with sharks Mark Cuban, Barbara Corcoran for $250,000 for 25%.

GRIND Basketball Shark Tank Pitch

Thomas Fields appeared on Shark Tank Season 12, Episode 23, which aired on May 7, 2021, with portable basketball training machine.

GRIND Basketball is listed in the Fitness Outdoors category. In plain terms, the business is described as portable basketball training machine.

GRIND Basketball asked the Sharks for $250,000 for 5%, implying a valuation of about $5 million.

On the show, GRIND Basketball made a listed deal with Mark Cuban and Barbara Corcoran for $250,000 for 25%.

If treated as straight equity, the listed deal works out to about $1 million implied valuation, down from the original $5 million implied valuation.

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

Made By	Label	Sharks Part of Deal	Summary
Company	Offered		$250,000 for 5%
Sharks	Deal	Mark Cuban, Barbara Corcoran	$250,000 for 25%

Update Season	Update Episode
No Episode Updates

GRIND Basketball accepted an on-air Shark Tank deal for $250,000 for 25%. Later reporting says the deal did not close after filming. (Grind ).

Even with some serious supply chain issues, Thomas had over $1 million in pre-orders in 2021. (Grind ).

As of February 2023, customers may order “on demand,” and there are no more back-order issues. (Grind ).

In December 2021 and June 2022, the company raised a total of $1.6 million in additional seed funding. (Grind ).

Stay up to date on the latest news and updates occuring in the Shark Tank world.

First Name:

Email Address:

https://www.sharktankupdate.com/seasons/12/23/grind-basketball

Stay up to date on the latest news and updates occuring in the Shark Tank world.

First Name:

Email Address: