Shark Tank Pitch

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Glove Wrap Shark Tank Update

2m

Fitness Outdoors

Pitch Overview
NameGlove Wrap
Main PresentersJon, Gavin, Morgan Batarse
Order Shown in Episode3
Final DealDeal was made on the show with sharks Mark Cuban for $50,000 for 22% equity.

Glove Wrap Shark Tank Pitch

Jon, Gavin, and Morgan Batarse appeared on Shark Tank Season 15, Episode 3, which aired on October 13, 2023, with Baseball and softball glove wraps.

Glove Wrap is listed in the Fitness Outdoors category. In plain terms, the business is described as Baseball and softball glove wraps.

Glove Wrap asked the Sharks for $50,000 for 20% equity, implying a valuation of about $250,000.

On the show, Glove Wrap made a listed deal with Mark Cuban for $50,000 for 22% equity.

If treated as straight equity, the listed deal works out to about $227,272.727 implied valuation, down from the original $250,000 implied valuation.

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

Offers

Made ByLabelSharks Part of DealSummary
CompanyOffered$50,000 for 20% equity
SharksDealMark Cuban$50,000 for 22% equity

Updates in Shark Tank Episodes

Update SeasonUpdate Episode
No Episode Updates

Glove Wrap After Shark Tank

Glove Wrap accepted an on-air deal for $50,000 for 22% equity. After filming, that deal closed. (Glove Wrap Shark Tank Update – Shark Tank Season 15 , Glove Wrap Baseball Glove Tool Update | Shark Tank Season 15 ).
Before Shark Tank, Glove Wrap had around 30 million views online. (Glove Wrap Shark Tank Update – Shark Tank Season 15 , Glove Wrap Baseball Glove Tool Update | Shark Tank Season 15 ).
After the episode aired, Glove Wrap expanded to stores across the U.S. and received Glove Wrap's first purchase order from Dick’s Sporting Goods. (Glove Wrap Shark Tank Update – Shark Tank Season 15 , Glove Wrap Baseball Glove Tool Update | Shark Tank Season 15 ).
At the time of Glove Wrap's pitch, Glove Wrap had made just $19,000 in sales. (Glove Wrap Shark Tank Update – Shark Tank Season 15 , Glove Wrap Baseball Glove Tool Update | Shark Tank Season 15 ).
Glove Wrap originally sold through its own website and six small retail stores before the Shark Tank exposure. (Glove Wrap Shark Tank Update – Shark Tank Season 15 , Glove Wrap Baseball Glove Tool Update | Shark Tank Season 15 ).

Sources

Sources used for this page: sharktankblog.com , sharktankblog.com , Shark Tank Recap .

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