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Shark Tank is a popular show where businesses either get the opportunity of a lifetime or get shut down for good. Sometimes the sharks even reject business ideas that end up becoming something even bigger than they ever anticipated since every business can shine in the market if it is marketed right.
One such product was Spikeball, a game that was marketed as an outside-only thing that you can enjoy with your friends. The founders entered the finale of season 6 of Shark Tank to make their business idea into something even bigger with the right investors.
It has been a while since they presented their ideas to the sharks and now, we think it is time to finally look at the update of how Spikeball presentation went in 2024.
Spikeball Key Highlight
- Spikeball was created by Chris Ruder, an innovative entrepreneur who looked at the outdoor game as a business opportunity.
- It has increased its success, eventually reaching an annual sales figure of $19 million by the end of January 2023, and intending to become an Olympic sport.
- Spikeball is currently a premiere business and is still an active company that makes sports equipment in Chicago, Illinois.
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What is Spikeball?
Spikeball is like a game played away from home as you are sure to smash things in your house with it. What the rules of the game mandate is that there are supposed to be two teams who will have two players each having a small ball and a small trampoline which will be put on the ground.
The purpose of this game is to hit the ball on the small trampoline in a manner that the other team cannot return it. The two teams are permitted to contact the ball till there are three touches in order to return it to other players through the trampoline.
The three-touch rule is straight from volleyball and the game keeps on going until one of the teams fails to return the ball. This fun outside game has quickly picked up fame across the world for its unique and fun concept that keeps one session of the game electric throughout.
This game can be played anywhere with a flat surface such as a playground, a backyard, beaches, or even a park which makes it a fun game for outings with friends.
Who Is the Founder of Spikeball?
Chris Ruder is the person who founded Spikeball and who came across the opportunity to grow in the department of outdoor games with his idea that introduce a new game.
Spikeball was created by Chris Ruder, an innovative entrepreneur who looked at the outdoor game as a business opportunity. Ruder studied Marketing at Marquette University and had a promising career as an advertiser before he decided to go into business.
| Company name | Spikeball |
| Founded by | Chris Ruder |
| Product | Team based sport will become the next great American sports |
| Status | In business |
Spikeball offering for the investor
When Ruder stepped onto the stage of “Shark Tank,” his desire was very clear–he wanted an attributive value of $5 million for Spikeball if sharks were ready to fork out $500,000 for a 10% stake. In his speech, he showed that the game was playable, transportable, simple, and fun, despite being a high-profile game.
He also noted the fact that the Spikeball community seemed to be growing in leaps and bounds, with large organized leagues and tournaments springing up all over the nation. The sharks were looking interestingly at this presentation.
They also saw an opportunity for the product and had high respect for the company’s growth prospects due to Ruder’s high ambitions to grow their marketing strategy and be successful in building a loyal Spikeball network.
On the other hand, some Sharks voiced their concerns regarding the company’s capital value, as well as the duration of the game’s popularity. Daymond John, a Shark who focuses on branding and marketing, was able to hammer out a deal of $500,000 for 20% after a little bit of wrangling.
This was twice what Ruder was proposing just for the equity. Mr. Ruder then argued by offering him a 15% salary, but John was unfazed by this and remained at 20%.
Did Spikeball get a deal on Shark Tank?
Yes, when the founder of Spikeball presented the idea of the product to the sharks on Shark Tank, Daymond found it interesting and decided to invest $500,000 for 25% of the company.
How did Spikeball start?
Spikeball did not simply fall into thin air as it was inspired by a game its founder played as a child in the 1980’s called Round Web.
When he grew up and wanted to play the same game as an adult, he could not find the right equipment to enjoy the childhood classics which led to the creation of Spikeball which started in 2008 to recreate his childhood the games have been developed by all sports in America.
| Asked for | $500,000 For 10% equity in Spikeball |
| Deal | $500,000 For 20% equity in Spikeball |
| Shark | Daymond John |
| Season | Season 6, Episode 29 |
| Website | Click here |
What happened to Spikeball Before Shark Tank?
Before its appearance on “Shark Tank,” the popularity of Spikeball had been steadily increasing in the United States and around the world. Ruder devoted a lot of his efforts to community-building, giving out free Spikeball sets to PE teachers and organizing backyard tournaments that boomed in popularity.
Not only did this strategy that is marketing help in creating a market for the product, but also in producing a group of players who were dedicated to the game. However, the company was having limitations in the fields of their marketing and expansion and this is when the “Shark Tank” came into play.
The show’s appearance gave Spikeball major publicity to attract more customers which brought in significant sales. The contribution of the televised pitch in terms of the nature and ability of the product itself to capture the attention of viewers and build up the strength of the brand made the whole process of advertising more effective.
What happened to Spikeball after Shark Tank?
Chris Ruder, the founder, gained a $500,000 investment by Daymond John as his funding partner for a 25% stake in the company worth $2 million as a valuation. With this investment, Spikeball had the cash and guidance to guide it through its discovery which was not only interesting but also successful.
The sport, known as a rival mix of volleyball and foursquare enjoyed impressive popularity, what with over 250,000 players and 1,000 teams. Shark Tank did not result in any financial setback for Spikeball.
The business grew, selling more than a million sets and earning $6 million in revenue annually for the following years and beyond it maintained the same group of enthusiasts that surged Spikeball to fame.
It has increased its success, eventually reaching an annual sales figure of $19 million by the end of January 2023, and intending to become an Olympic sport. During its development, the path of Spikeball went through many obstacles, and the product effectively emerged from its trials, becoming an adaptive and resilient one.
While the deal with Daymond John on Shark Tank did not close, the media attention from the show enabled the company to get a patent, increase its product distribution, and confirm its marketing space.
Why did Spike Ball go out of business?
Spikeball is currently a premiere business and is still an active company that makes sports equipment in Chicago, Illinois. Its history is linked to Chris Ruder, the one who established it in 2008, and its development has been going on at a rapid pace since the beginning.
The establishment is a well-known brand in the provision of roundnet equipment, being the largest supplier, and they also sponsor tournaments in various countries thereby spreading the game population.
Are there any products like Spikeball in the market now?
After carrying out our researches, we were not able to identify an alternative for Spikeball and the more baffling thing is that we did not find anything that resembled it. Spikeball is one-of-a-kind and we believe that there will not be a similar category of product in the future.
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How much is Spike Ball’s net worth?
With how creative the idea for Spikeball was, we were excited to see how much was the net worth of this product. After doing a little bit of digging, we found out that Spikeball is approximately worth 50 million dollars.
FAQ About Spikeball
1. What is Spikeball ?
Spikeball is like a game played away from home as you are sure to smash things in your house with it.
2. Who is the founder of Spikeball ?
Chris Ruder is the person who founded Spikeball.
3. Did Spikeball get a deal on Shark Tank?
Yes, when the founder of Spikeball presented the idea of the product to the sharks on Shark Tank, Daymond found it interesting and decided to invest $500,000 for 25% of the company.
