Qball Shark Tank Update

Qball Shark Tank Pitch

Shane Cox appeared on Shark Tank Season 9, Episode 2, which aired on October 1, 2017, with throwable foam encased wireless microphone system.

Qball is listed in the Software Tech category. In plain terms, the business is described as throwable foam encased wireless microphone system.

Qball asked the Sharks for $200,000 for 15%, implying a valuation of about $1.3 million.

On the show, Qball made a listed deal with Lori Greiner and Mark Cuban for $300,000 for 30%.

If treated as straight equity, the listed deal works out to about $1 million implied valuation, down from the original $1.3 million implied valuation.

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

Qball After Shark Tank

Qball accepted an on-air deal for the throwable classroom and meeting microphone. (Qball Shark Tank Blog update

The company stayed focused on schools, meetings and events where passing a standard handheld microphone is awkward or disruptive. (Qball Shark Tank Blog update

By December 2022, follow-up reporting listed Qball as still operating with about $1 million in annual revenue. (Qball Shark Tank Blog update

The business remains a niche education and presentation hardware company rather than a mass consumer electronics brand. (Qball Shark Tank Blog update

Sources

Sources used for this page: Shark Tank API pitches