Each year, thousands of athletes struggle to attract the attention of college coaches due to many difficulties. To solve this problem, Brian Duggan and Adam McCombs created an online platform called Jump Forward for athletes and college coaches.
Will their company get a deal in Shark Tank Season 1? And what happened to their business after Shark Tank? Let’s find out.
| Company Name | Jump Forward | |
| Founder/Co-Founder | Brian Duggan and Adam McCombs | |
| Founded | 2009 | |
| Product | ERP Software Solution | |
| Asked For | $150k for 10% equity | |
| Final Deal | $600k for 50% equity | |
| Shark | Kevin O’Leary & Robert Herjavec | |
| Episode | S1 E10 | |
| Air Date | Oct 20th, 2009 | |
| Business Status | Acquired by Active Network | |
| Website | Visit Website | |
| Headquarters | Chicago, Illinois, United States | |
| Lifetime Sales | $10M *estimated | |
| Buy and Watch | Buy Now | Amazon Prime |
Business Pitch Episode Recap
Jump Forward allows athletic students to create their profiles, upload videos and photos, and add statistics. This enables college coaches to view all the data online and recruit high school athletic students for their programs.
Brian mentioned that colleges currently pay an annual subscription fee to access high school athletics student profiles on the website.
Currently, their WebApp/MobileApp has data from over 30 high schools, featuring 60,000 athletics students and more than 300 college coaches. Within just 3 months, they have secured contracts worth $150,000.
Brian projected that within a few years, the company could generate $15-$20 million in revenue. With the Sharks’ expertise, they estimate annual sales could reach $35 million.
Barbara Corcoran said that this technology business is very risky, so she is out.
Kevin Harrington feels that this high-tech and risky business if he invests $150k, will be gone in 3 months. He is out.
Daymond John told Brian and Adam that their business is complicated, so he is out.
Kevin O’Leary offered $200k, but he wanted a 20% stake in the company. Robert Herjavec offered $300k for a 35% stake. After a brief conversation, Kevin and Robert teamed up to offer $400k for 50% equity.
Brian countered with $200k for 16% equity. Robert countered with $500k for 50% equity, later increasing the cash amount to $600k. Brian offered two counters: $750k for 50% equity or $300k for 25% equity. However, the final deal was at $600k for 50% equity.
Sharks Offers list!
| Sharks | Offers |
|---|---|
| Kevin Harrington | No Offer |
| Kevin O’Leary | $200k for 20% equity $300k for 25% equity |
| Robert Herjavec | $300k for 35% equity $300k for 25% equity |
| Barbara Corcoran | No Offer |
| Daymond John | No Offer |
| Founder’s (Countered) | $200k for 16% equity |
| Final Deals | $600k for 50% equity |
Jump Forward Shark Tank Update
After the deal, they invested some money to enhance the platform’s UI and UX and also developed a mobile app. Following the success of the business, Active Network acquired Jump Forward in May 2016, although the exact amount was not disclosed.
Brian and Adam started a tech company named Livly in 2018. However, they are currently pursuing separate business ventures.
If you’re searching for more businesses from Shark Tank Season 1, here are the updated links.
