The Bingham brothers pitched Adventure Hunt in episode 923, where they searched for treasure in the tank.
The brothers’ treasure-hunting excursion is called Adventure Hunt. They hold these excursions nationwide.
The Amazing Race is often used as a comparison to describe the event. People compete in two-person teams to find buried treasure chests.
Each team receives a list of adventures via an app at 9 AM on the day of the hunt. Teamwork is necessary for each task to earn points.
You can do anything from eating without using your hands to rock climbing.
The app displays a treasure map once a certain number of task points has been earned, and teams follow the clues to find a treasure chest.
The chest includes two GoPro cameras, two tickets to Red Frog resort in Panama, and other goodies.
The company also advertises that it can be used for “corporate events, birthday parties, youth groups, scavenger hunts, geocaching, team-building exercises,” and more.
They had 150 events planned for 2019, and they actively sought corporate sponsorships, franchises, and investors. Sean and Jared are hopeful a Shark will join the hunt and invest.
What is Adventure Hunt?
Adventure Hunt is a firm that makes mobile applications to organize treasure hunts.
Adventure Hunt offers scavenger hunts similar to the popular television show Amazing Race to provide clients with fun and adventure while meeting new people.
The company provides a range of services, including team building events, corporate retreats, and custom scavenger hunts via offices in the United States, Canada, New Zealand, and Australia.
A smartphone app and geocaching enable participants to locate locations, challenge each other, uncover treasure clues, and win prizes in teams of two to four.
|Company Name||Adventure Hunt|
|Founder||Jared Bingham And Sean Bingham|
|Business||A nationwide treasure hunt game and entertainment service|
|Investment Seeking||$150,000 For 10% stake in Adventure Hunt|
|Final Deal||$150,000 For 20% stake in Adventure Hunt|
|Episode||Episode 10 Season 10|
|Business Status||In Business|
Who Is The Founder Of Adventure Hunt?
Jared and Sean Bingham are the two entrepreneurs who founded Adventure Hunt.
The brothers previously organized events and parties in their community and sold their line of sunglasses.
Their company has prospered since the pandemic, and both brothers remain active in it.
Since then, they have hosted thousands of treasure hunts ranging from sizeable corporate bonding events for international brands to small family birthday parties.
Adventure Hunt Before Shark Tank
This company was simply an extension of what they already did, which was to organize events for people.
Event organizers sometimes charge thousands of dollars to attend events, choose a theme, hire local musicians and entertainers, and charge attendees a gate or event fee.
They were also driven by their desire to see the world, experience new things, and challenge themselves both mentally and physically.
Their company Kameleonz (KZ) sunglasses was founded in 2013, and they planned to market the sunglasses during their travels to boost their appeal to outdoors enthusiasts.
Thus, they merged their interest in planning social events with their passion for traveling and exploring to form Adventure Hunt.
They made close to $800,000 in sales in just 18 months of operation. They researched and explored potential investors for their business idea to prepare themselves, hoping to grow and scale it to become a household name.
How Was The Shark Tank Pitch Of Adventure Hunt?
Sean and Jared appeared on Shark Tank seeking $150,000 in exchange for a 10% stake in their company Adventure Hunt. They discuss the business and its stories.
The actors with Sean and Jared demonstrate a Treasure Hunt while a video example of the game plays onstage.
The Sharks were drawn in by a demonstration in which one of their actors gave another actor onstage a wedgie.
They challenge the sharks onstage when they invite them onstage. Robert says they made $769,000 in sales in their first 18 months when the Sharks returned to their seats. They’re seeking Sharks who can help with their marketing.
Bethenny has a crush on one of the men, and they’ve been flirting a bit. She offers $150,000 in exchange for a quarter of the company. Robert has a positive attitude toward the company.
He believes they could detonate it while holding team-building exercises in outer space. He also offers $150,000 in exchange for a 25% stake.
The guys decided to choose Robert after a price reduction of $150,000 for a 20% stake in Adventure Hunt.
Final Deal: Robert invests $150,000 for a 20% stake in Adventure Hunt.
What Happened To Adventure Hunt After Shark Tank?
The agreement with Robert was finalized, and he aided them in expanding their corporate events division.
Ancestry.com, Orange Theory Fitness, USAA, and Keller Williams are just a few examples of corporate clients.
This company faced pandemic-related difficulties in 2020. My knowledge of “virtual” treasure hunts ends here; they were advertised as such.
They appeared to resume hunting in the fall of 2020, but they have not reached their pre-pandemic levels as of June of the following year.
Is Adventure Hunt Still In Business?
Adventure Hunt has grown to “Better-than-ever” proportions since making its Shark Tank debut.
Robert has also organized several high-impact marketing and team-building events for companies such as Ancestry, Washington Trust, and Marmot.