Shark Tank Pitch

FitDeck Shark Tank Update

Published:

3m

San Diego, CA

FitDeck Shark Tank Update


Pitch Overview
NameFitDeck
Main PresentersPhil Black
Presenter Image
FitDeck Entrepreneurs: Phil Black
Product Image
FitDeck Product Image
Last Known in Business1/23/2014
Main Location

San Diego, CA

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Order Shown in Episode2
Final DealAll Sharks went Out

FitDeck Shark Tank Pitch

Phil Black created FitDeck, a fitness playing card deck to make fitness convenient, easy, and fun. Each card shows a different exercise and how to perform it. There are different themed decks, such as body weight, cross-fit, and basketball.

Over the last seven years, Phil has sold 500k FitDecks. Last year Phil sold 55k decks resulting in $640k in sales with a break-even return. 70% of sales come directly from their website. Phil has spent money on research and development to create content for the card. He filmed over 100 videos last year and redid their website. FitDeck released its app five months ago, selling for $10, with around 1k monthly downloads.

Phil went to Yale, worked in banking at Goldman Sachs, became a Navy Seal, and then went to Harvard business school. Phil is 43 and has three kids. The sharks are beyond impressed with Phil but find his FitDeck business underwhelming, and all shares go out. They invite/challenge Phil to come back to Shark Tank in the future with a better business.


Offers

Made ByLabelSharks Part of DealSummary
CompanyOffered$300k for 20% of company
SharksOutMark CubanOut
SharksOutDaymond JohnOut
SharksOutRobert HerjavecOut
SharksOutLori GreinerOut
SharksOutKevin O'LearyOut

Mark Cuban
Mark Cuban

Mark Cuban

Out

Daymond John
Daymond John

Daymond John

Out

Kevin O'Leary
Kevin O'Leary

Kevin O'Leary

Out

Lori Greiner
Lori Greiner

Lori Greiner

Out

Robert Herjavec
Robert Herjavec

Robert Herjavec

Out


Updates in Shark Tank Episodes

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FitDeck After Shark Tank

Phil Black went on the Outside The Tank

Link Preview

Outside The Tank

https://podcasts.apple.com/us/podcast/outside-the-tank/id1549711590?i=1000511436535

podcast in 2021. Phil worked on the FitDeck business out of his garage for five years. Phil started by buying 10k decks of cards with money he didn't necessarily have to lose, but the decks continued to sell, and Phil kept the process going.

Phil previously applied to multiple Survivors and Apprentices, which are shows produced by Mark Burnett, like Shark Tank, and Phil had gotten to the late rounds on all of those but hadn't made the final cut. Phil figured after building a solid business, he would apply for Shark Tank.

Phil spoke about his Shark Tank experience on his podcast in 2020, which is available on his website, prepwellacademy.com

Link Preview

prepwellacademy.com

https://prepwellacademy.com/blog/episodes/ep-26-going-back-on-shark-tank

. Phil said that after the FitDeck episode aired, the business exploded. A few months later, Phil sold the company in 2014 to a fitness consumer products brand, Implus, that lacked the content that Phil had built up on FitDeck. FitDeck seems to have fizzled out after the new ownership.

Through taking his kids to events, he constantly heard parents talking about the struggle of how to get accepted into prestigious colleges. Phil identified that he had a knack for getting accepted into hard-to-get-in programs and credited preparation to his success. Phil started a new business called PrepWell, which sells courses on preparing and increasing one's chances of getting into competitive schools.

According to Phil's LinkedIn

Link Preview

LinkedIn

https://www.linkedin.com/in/philipablack

, Phil worked as a strength coach for the next six years while pursuing PrepWell. Phil applied for Shark Tank five times and never heard anything back. Eventually, after going to an open casting call, Phil got accepted to pitch on Shark Tank in season 11 in 2020.


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