GrooveBook

Name: GrooveBook
Availability: InStock

Deal

Consumer Services

Season 5 · Ep 13 Tech & SoftwareAired January 10, 2014

GrooveBook, the consumer services, landed on the national radar after pitching the sharks in Season 5, and convinced Mark Cuban and Kevin O'Leary to invest.

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From the show

The Shark Tank pitch

$150K
Asked for: 20%
Offered equity: $750K
Sought valuation: $150K
Deal amount: 80%
Deal equity: $188K
Deal valuation

Julie Whiteman and Brian Whiteman faced the sharks in Season 5, Episode 13 in the episode that aired January 10, 2014, bringing their Los Angeles, CA business with them. GrooveBook, the consumer services, pitched in the Tech & Software category, one of 73 tech & software businesses to brave the Tank across all 17 seasons.

They came in asking $150,000 in exchange for 20% equity, putting a $750K valuation on the business.

Mark Cuban and Kevin O'Leary teamed up at $150,000 for 80% equity. That priced the company at $188K, a haircut from the $750K the founders walked in asking for, which is how negotiations in the Tank usually go.

Across Season 5, 60 of 116 pitches ended in a handshake. In the Tech & Software category overall, roughly 56% of pitches have landed a shark across the show's history.

Mark Cuban$75K Kevin O'Leary$75K

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Frequently asked questions

Where can I buy GrooveBook?

Check current price and availability on Amazon. Note that some Shark Tank products are discontinued or sold under a new name. The company's official website is another option.

Did GrooveBook get a deal on Shark Tank?

Yes. GrooveBook closed a deal for $150,000 in exchange for 80% equity, with Mark Cuban and Kevin O'Leary.

Which shark invested in GrooveBook?

Mark Cuban and Kevin O'Leary invested in GrooveBook ($150,000 total as aired).

What season of Shark Tank was GrooveBook on?

GrooveBook appeared in Season 5, Episode 13, which aired January 10, 2014.

How much was GrooveBook asking for on Shark Tank?

The founders asked for $150,000 for 20% of the company, a $750K valuation.

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