Brian Spencer is the founder and chief test pilot of Vurtego, a pogo stick business that focuses on action sports. Brian plans to make Vurtego the world’s biggest pogo stick manufacturing company, which is why he came to Shark Tank.
Did the Sharks invest in Brian’s company, and what is the current status of his business? Let’s find out.
| Company Name | Vurtego | |
| Founder/Co-Founder | Brian Spencer | |
| Founded | 2005 | |
| Product | Pogo Stick | |
| Asked For | $500k for 20% equity | |
| Final Deal | No Deals | |
| Shark | No Sharks | |
| Episode | S2 E2 | |
| Air Date | March 25th, 2011 | |
| Business Status | Acquired By Flybar | |
| Website | Visit Website | |
| Headquarters | Freehold, New Jersey, United States | |
| Lifetime Sales | $20M *estimated | |
| Buy and Watch | Buy Now | Amazon Prime |
Business Pitch Episode Recap
Brian asked the Sharks for $500,000 in exchange for 20% equity in his company. He showed a video demonstrating his Pogo stick product and explained that it is much safer than a skateboard because you don’t have to deal with the same speed challenges.
The product’s retail price is $330, and it costs only $100 to make, resulting in a high margin. However, Robert Herjavec thinks it is priced too cheaply. Brian revealed that he has sold a total of 7,000 pogo sticks so far.
Barbara Corcoran said she is a protective mom and would never give such things to her children, so she is out.
Mark Cuban has concerns about the idea of launching the product in the mass market, so he is out.
Kevin O’Leary and Daymond John believe that Brian doesn’t need the Sharks’ help, so they are out.
In the end, Robert Herjavec also decided not to invest.
Sharks Offers list!
| Sharks | Offers |
|---|---|
| Mark Cuban | No Offer |
| Kevin O’Leary | No Offer |
| Robert Herjavec | No Offer |
| Barbara Corcoran | No Offer |
| Daymond John | No Offer |
| Founder’s (Countered) | No Counter |
| Final Deals | No Deals |
Vurtego Pogo Sticks Shark Tank Update
Unfortunately, Vurtego Pogo Sticks did not get a deal on Shark Tank. However, after appearing on national TV, Brian received thousands of orders and generated millions of dollars in sales that year.
The company launched a campaign on Indiegogo for the Vurtego Pogo Stick V4 in 2015 and raised $109,766. Flybar, Inc., a popular pogo stick company, has acquired Vurtego, although the exact amount of the acquisition has not been disclosed.
Check out Shark Tank Season 2 Business Update.
If you want more updates on the businesses that appeared in Season 2, visit here.
