Rugged Maniac
DealEntertainment
Rugged Maniac, the entertainment, landed on the national radar after pitching the sharks in Season 5, and convinced Mark Cuban to invest.
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From the show
The Shark Tank pitch
- $1M
- Asked for
- 10%
- Offered equity
- $10M
- Sought valuation
- $1.8M
- Deal amount
- 25%
- Deal equity
- $7M
- Deal valuation
Rob Dickens and Brad Scudder faced the sharks in Season 5, Episode 26 in the episode that aired April 25, 2014, bringing their Boston, MA business with them. Rugged Maniac, the entertainment, pitched in the Sports & Outdoors category, one of 154 sports & outdoors businesses to brave the Tank across all 17 seasons.
They came in asking $1,000,000 in exchange for 10% equity, putting a $10M valuation on the business.
Mark Cuban made the deal at $1,750,000 for 25% equity. That priced the company at $7M, a haircut from the $10M 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 Sports & Outdoors category overall, roughly 64% of pitches have landed a shark across the show's history.
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Frequently asked questions
Where can I buy Rugged Maniac?
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 Rugged Maniac get a deal on Shark Tank?
Yes. Rugged Maniac closed a deal for $1,750,000 in exchange for 25% equity, with Mark Cuban.
Which shark invested in Rugged Maniac?
Mark Cuban invested in Rugged Maniac ($1,750,000 total as aired).
What season of Shark Tank was Rugged Maniac on?
Rugged Maniac appeared in Season 5, Episode 26, which aired April 25, 2014.
How much was Rugged Maniac asking for on Shark Tank?
The founders asked for $1,000,000 for 10% of the company, a $10M valuation.
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