K3 Shooting Band Shark Tank Update

K3 Shooting Band Shark Tank Pitch

K3 Shooting Band appeared on Shark Tank Season 15, Episode 21, which aired on April 19, 2024, with Basketball aid.

K3 Shooting Band is listed in the Technology category. In plain terms, the business is described as Basketball aid.

K3 Shooting Band asked the Sharks for $100,000 for 20% equity, implying a valuation of about $500,000.

On the show, K3 Shooting Band made a listed deal with Lori Greiner for $100,000 for 40% equity.

If treated as straight equity, the listed deal works out to about $250,000 implied valuation, down from the original $500,000 implied valuation.

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

K3 Shooting Band After Shark Tank

K3 Shooting Band accepted an on-air deal for $100,000 for 40% equity. After filming, that deal closed. (K-3 Shooting Band Shark Tank Update – Shark Tank Season 15

As of the first re-run of this episode in July, 2024 - about 2 months after the original air date - there is no evidence the deal with Lori and Michael closed. (K-3 Shooting Band Shark Tank Update – Shark Tank Season 15

However, in the weeks following K3 Shooting Band's airing, K3 Shooting Band focused on building retail presence. (K-3 Shooting Band Shark Tank Update – Shark Tank Season 15

As a result, K3 Shooting Band became available in select Dick’s Sporting Goods stores and Walmart. (K-3 Shooting Band Shark Tank Update – Shark Tank Season 15

K3 Shooting Band but the website remains active, though. (K-3 Shooting Band Shark Tank Update – Shark Tank Season 15

Sources

Sources used for this page: sharktankblog.com