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

XCraft Shark Tank Update

Software Tech

XCraft Shark Tank Pitch

JD Claridge appeared on Shark Tank Season 7, Episode 5, which aired on October 23, 2015, with customized unmanned aerial systems – drones.

XCraft is listed in the Software Tech category. In plain terms, the business is described as customized unmanned aerial systems – drones.

XCraft asked the Sharks for $500,000 for 20%, implying a valuation of about $2.5 million.

On the show, XCraft made a listed deal with Kevin O'Leary, Mark Cuban, Lori Greiner, Daymond John, and Robert Herjavec for $1500000 for 25%.

If treated as straight equity, the listed deal works out to about $6 million implied valuation, up from the original $2.5 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
Sharks	Deal	Kevin O'Leary, Mark Cuban, Lori Greiner, Daymond John, Robert Herjavec	$1500000 for 25%
Company	Offered		$500,000 for 20%

Update Season	Update Episode
No Episode Updates

XCraft accepted an on-air Shark Tank deal for $1500000 for 25%. The on-air deal did not close. Follow-up reporting lists the company as in business. (XCraft Shark Tank Update - High-Speed Drone Wows All Sharks ).

The Phone Drone Kickstarter project raised over $170K in the days following the show, blowing right through their $100K goal. (XCraft Shark Tank Update - High-Speed Drone Wows All Sharks ).

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https://www.sharktankupdate.com/seasons/7/5/xcraft

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