Latest news with #SharkTankInsights
Hindustan Times
10-07-2025
- Business
- Hindustan Times
K3 shooting band net worth: How is the basketball product from Shark Tank doing a year later?
Shark Tank Season 15, Episode 21, which aired on April 19, 2024, introduced the world to K3 shooting bands. Created and presented by Nicky Young, a former basketball player, the product was meant to help users deliver better jump shots while playing the game. Following negotiations, Shark Lori Greiner and guest Shark Michael Rubin collectively agreed to make a $100,000 investment for a 40% equity in the company. K3 shooting bands appeared on Shark Tank last year(Instagram) Current net worth According to Shark Tank Insights, the business is valued at $302,000 as of April 2025, due to its estimated 10% annual growth rate. Although the counteroffer Young received was lower than what she had originally demanded, the product saw a sharp increase in website traffic and garnered a lot of user interest post its release. Idea behind the product Young, daughter to a former New York Knicks player, created the K3 shooting band based on her personal experience of playing the sport. She came up with the idea to create a tool for players to add force to their middle fingers for better jump shots back in 2009. 'The resistance on the pointer and middle finger causes the shooter to use the two fingers that give the basketball rotation, proper form, and restrain the fingers against the basketball,' says the official website of K3 shooting bands. 'When the band is taken off, your pointer and middle finger will push against the basketball and will help the shooter shoot with rotation, shoot further, and shoot the basketball with proper technique.' Where can I shop for the product? The product is currently available in eight Dick's Sporting Goods stores and on Walmart Marketplace at a retail price of $19.99, as per Shark Tank Insights. Customers can also order the product online from Amazon. It's available in a wide variety of sizes ranging from those designed for kids to those meant for adults. By Stuti Gupta
Yahoo
11-06-2025
- Business
- Yahoo
Mark Cuban Put $33 Million Into His ‘Shark Tank' Investments — How Much Did He Make?
Mark Cuban is a billionaire investor and now former star of NBC's 'Shark Tank.' He officially announced his retirement from the show, and appeared in the final episode of his 15-season run on May 16. Read More: Find Out: Recently, Cuban revealed how his portfolio of 'Shark Tank' investments has done, so GOBankingRates did some digging to see if you could capitalize, as well. Cuban stated to CNBC Make It that he has invested around $33 million over the last 15 years on 'Shark Tank.' He said he has received around $35 million in cash returns from those investments alone, which gave him nearly a 6% return on his cash invested over the time period — not great. However, he noted that when he added up his ownership stake in the hundreds of companies he invested in, the value of those investments at current market rates is worth around $250 million. If you add that to the $35 million in cash returns, his investments have returned around $285 million to date. This means his $33 million invested has returned around 763%, which equals about 17% per year (since 2011) — or around $252 million in profit. This is a phenomenal return and has outpaced the stock market during that same time period. According to Shark Tank Insights, Cuban has verbally committed to $54,866,233 while 'on-air,' but these deals may be restructured or fall through once the cameras are turned off. Mark Cuban: Unfortunately, none of Cuban's investment picks from the show have issued an IPO or gone on to become a publicly-traded company. This means you can't directly invest in any of the 246 companies that Cuban struck deals with on the show. Mark Cuban is heavily invested in private companies — and owns a sports franchise, as well (The Dallas Mavericks NBA team). A comprehensive list of companies he's involved in can be found on his business website If you're hoping to invest in any of his companies, unfortunately, most of them are private and unavailable to public investors. Mark Cuban started 'Shark Tank' as a billionaire, selling his first major startup — — to Yahoo for $5.7 billion. And investing in small private companies is usually reserved for those with a large amount of capital available to help boost a startup company. There are platforms that allow you to invest in private companies that are looking to raise money (such as WeFunder) — but you'll need to do your research and ensure you don't invest more than you're willing to lose. These platforms allow you to invest in smaller amounts (say, $1,000), but the terms of the investment can make or break your ability to strike it big. More From GOBankingRates 6 Hybrid Vehicles To Stay Away From in Retirement This article originally appeared on Mark Cuban Put $33 Million Into His 'Shark Tank' Investments — How Much Did He Make? Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
CNBC
20-05-2025
- Business
- CNBC
Mark Cuban invested 'about $33 million' on 'Shark Tank'—those stakes are now worth 'at least $250 million,' he says
Mark Cuban has finally left the tank. The billionaire entrepreneur and investor's final episode of ABC's "Shark Tank" aired on Friday, marking the end of his 15-season run on the show. Investing isn't a science, so it's no surprise that Cuban had his share of hits and misses on the show — but the billionaire will exit with a healthy portfolio, he says. Cuban invested "about $33 million" in total during his time on the show, he tells CNBC Make It. From those investments, he estimates he's received up to $35 million in cash returns, and his mark-to-market equity from those businesses is worth "at least $250 million." "I'm f—ing crushing it on the market," Cuban told Fortune in January, referring to the overall market value of the dozens of companies he's invested in since joining "Shark Tank" in 2011. On camera, Cuban committed as much as $61.9 million to more than 200 deals, according to the website Shark Tank Insights — but the deals that happen on-screen don't always result in consummated investments after the notably, Cuban has said that his primary goal with "Shark Tank" investments wasn't even centered around making money. "I don't do the show to get the best investments," he wrote on Twitter in July 2022, in a post that no longer appears on the social media platform, now known as X. "And I don't always invest because I think I'll make money. Sometimes my deals are purely to help [an entrepreneur] or send a message." (Cuban, a vegetarian since at least 2019, invested in multiple vegan food brands on the show.) At the time, Cuban noted that he'd taken a net loss "on a cash basis" from his "Shark Tank" investments, before accounting for the value of his actively held stakes. Now, he says he's coming out ahead in terms of both cash and mark-to-market, an accounting term that refers to assessing an asset, like an investment, based on its current fair market value. Mark-to-market is basically a way for Cuban to determine the overall value of his investments, some of which he's yet to exit, based on how the market value of those businesses has grown since he first invested. Cuban's past comments have provided a window into the billionaire's investing strategy, at least when it comes to the TV show. "What really gets me going is when people have an operating business where they've already gone for it. And they've invested everything," Cuban told TV Tango in 2011. "They've put their heart, their soul, their time, everything that they have available to them into the business. And they've laid it on the line. And they just need a little bit of help." Cuban also appreciates any entrepreneur's level of raw effort, intelligence and "ability to sell," he said. The more money he puts on the line, however, the less willing he is to take a risk on something that won't recoup his investment, he noted. "I contrast [those factors] to the risk-reward of the business or of the investment," said Cuban. "So in other words, if I'm investing $10,000, there's a different risk-reward profile than if I'm investing a million dollars.",
