Shark Tank Update
Shark Tank Pitch
The Gameface Company Shark Tank Update
Published:
2m
Dallas, TX
| Name | The Gameface Company |
|---|---|
| Main Presenters | Doug Marshall |
| Presenter Image | |
| Product Image | |
| Last Known in Business | 10/31/2020 |
| Main Location | Dallas, TX Loading Map |
| Order Shown in Episode | 1 |
| Final Deal | Deal was made on the show with sharks Mark Cuban, Lori Greiner for $450k for 35% of company, $80k salary to Doug for 3 years, 10% royalty until money back. |
The Gameface Company Shark Tank Pitch
Doug Marshall patented a face tattoo that is fashionable for sports fans and trick-or-treaters. The Gameface Company has facemasks of tigers, fun designs, and more that can easily peel off when the user is done.
Doug ran The Gameface Company for the last five years part-time and has Facemasks in some retail stores with licenses to use the logos of several NCAA programs. Sales were $6700 in the first year and last year was $102k with a profit of $32k. Next year's sales expectation is $105k.
Doug hints that his son would love Mavericks tickets from Mark Cuban. He also wants to spend the money on allowing him to quit his job with Xerox selling copiers to work full-time on The Gameface Company and take a salary.
Doug could've sold his entire company for $1 million but gambled on his product being worth more in the future and landed on a lower equity deal with Lori and Mark.
Offers
| Made By | Label | Sharks Part of Deal | Summary |
|---|---|---|---|
| Company | Offered | $450k for 25% of company | |
| Sharks | Out | Daymond John | Out |
| Sharks | Out | Robert Herjavec | Out |
| Sharks | Offered | Kevin O'Leary | $150k for 30% of company, $300k loan, 25 cent royalty until $150k repaid |
| Sharks | Offered | Mark Cuban, Lori Greiner | $1 million for 100% of company and $80k salary to Doug for five years |
| Company | Offered | Mark Cuban, Lori Greiner | $450k for 35% of company and $80k salary to Doug for 5 years |
| Sharks | Offered | Mark Cuban, Lori Greiner | $450k for 40% of company and $80k salary to Doug for 3 years |
| Sharks | Deal | Mark Cuban, Lori Greiner | $450k for 35% of company, $80k salary to Doug for 3 years, 10% royalty until money back |
Mark Cuban
Made Deal
Daymond John
Out
Kevin O'Leary
Offered
Lori Greiner
Made Deal
Robert Herjavec
Out
Updates in Shark Tank Episodes
| Update Season | Update Episode |
|---|---|
| 5 | 17 |
| 5 | 29 |
The Gameface Company After Shark Tank
In season 5, episode 17, Doug Marshall was shown giving out Game Faces at a Dallas Mavericks game, and Mark found the fans very receptive and said he and Lori were fired up. The Gameface Company did $200k in revenue in the ten months since airing on Shark Tank. They got a new manufacturer, and Doug projects sales of $2 to 20 million in the next 12 months. They plan to secure the rights to sell game faces to all the major sports leagues.
In season 5, episode 29 (the season finally), The Gameface Company was briefly mentioned in the montage of season updates.
According to a 2015 article https://dallasinnovates.com/life-after-shark-tank by dallasinnovates.com, The Gameface Company was Made in America and had sales distribution in 25 countries.Link Preview
article
In 2022, The Gameface Campany's website, thegamefacecompany.com https://thegamefacecompany.com https://www.facebook.com/thegamefacecompany, appears to be active yet all products are out of stock. The last social post appears to be from their Facebook Link Preview
thegamefacecompany.com in January 2022 although they haven't mentioned their products since Halloween of 2020.Link Preview
Facebook
Doug's Twitter, @Gamefaceman https://x.com/Gamefaceman https://www.linkedin.com/in/dougmmarshall, hasn't mentioned Gameface since 2019 though he periodically Tweets about other events. According to Doug Marshall's LinkedIn Link Preview
@Gamefaceman , he started a roofing company in 2017 and appears to be doing so in 2022.Link Preview
LinkedIn
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