Glove Wrap Shark Tank Update | Glove Wrap Net Worth

Glove Wrap, a product featured in Season 15, Episode 03 of Shark Tank, is a specialized rubber wrap designed to break in new baseball gloves quickly and efficiently. 

The idea for Glove Wrap was conceived by eight-year-old Gavin Batarse while playing baseball with his father, Joe Batarse. The product gained popularity even before its appearance on Shark Tank and has become a social media phenomenon.

Glove Wrap is not limited to baseball gloves, despite its initial focus on the sport. According to the official Glove Wrap website, it can also be used effectively on softball and hockey goalie gloves. 

The process involves inserting a ball into the glove and then tightly wrapping it with the Glove Wrap. This process is the same for all gloves, making the product versatile and reusable for multiple mitts across various activities.

Glove Wrap has attracted the attention of professional baseball players. The official Glove Wrap TikTok account showcases videos of Gavin Batarse meeting and gifting the product to several major league players, including Jon Gray of the Texas Rangers and Mike Moustakas of the Los Angeles Angels. 

These players have expressed positive feedback about Glove Wrap, highlighting its simplicity and effectiveness.

The Batarse family, who created Glove Wrap, are entrepreneurs featured on Shark Tank and avid fans of the show. 

They appreciate the series for its lessons about business and life, including hard work, creativity, pursuing dreams, and facing challenges with bravery and confidence. 

Being able to appear on Shark Tank themselves has been an exciting experience for the Batarse family.

On the Shark Tank episode, Gavin Batarse sought a $50,000 investment for 20% of Glove Wrap. After pitching to the panel of investors, Mark Cuban and guest-shark Michael Rubin made a joint offer of $50,000 for 22% of the company (11% each). 

Gavin accepted the offer, gaining two billionaire business partners with extensive connections in the sporting goods industry.

Glove Wrap is a specialized rubber wrap that helps break in new baseball gloves quickly. It can also be used for other gloves, such as softball gloves and hockey goalie gloves. 

The product has gained popularity among professional baseball players and has been praised for its simplicity and effectiveness. 

The Batarse family, who created Glove Wrap, are fans of Shark Tank and were thrilled to appear on the show. They accepted an investment offer from Mark Cuban and Michael Rubin, securing valuable partnerships in the sporting goods industry.

Company NameGlove Wrap
EntrepreneurJon, Gavin, and Morgan Batarse
ProductGlove wraps for baseball and softball
Investment Asking For$50,000 for a 20% equity in Glove Wrap
Final Deal$50,000 for 22% equity in Glove Wrap
SharkMark Cuban and Michael Rubin
Glove Wrap Episode Season 15, Episode 3
Glove Wrap Business StatusIn Business
Glove Wrap WebsiteVisit Website
Glove Wrap Net Worth$500,000

What Is Glove Wrap?

Glove Wrap is designed for baseball, softball, and hockey players to break in and shape their gloves. This latex-free, thermoplastic elastomer band is engineered with specific dimensions to effectively break in and shape the entire glove, forming the perfect pocket. 

Glove Wrap reshapes gloves by creating pressure that creates a more comfortable grip. The process involves placing a ball in the glove’s pocket, wrapping the Glove Wrap around the glove while holding it closed, pulling tight to create pressure, tucking in it, and leaving it overnight to let it do its work. 

Glove Wrap Shark Tank Update | Glove Wrap Net Worth

Glove Wrap offers several benefits, including being innovative, easy to use, time and money-saving, making the most of the glove, reusable, and it comes in a special resealable pouch for storage. 

Additionally, it can be used to protect the glove when not in use. It is designed by Gavin, an 8-year-old baseball enthusiast, who invented it as a solution for breaking in and shaping his new glove.

Who Is The Founder Of Glove Wrap?

The founders of Glove Wrap are the Batarse family, residing in Orange County, California. The family consists of eight-year-old Gavin Batarse, his father Jon, who also serves as his baseball coach, and his sister Morgan. 

Gavin, a passionate baseball player, faced the challenge of breaking in a new glove, which prompted the family to seek an efficient way to soften the glove for optimal play.

After numerous attempts employing conventional methods to soften the glove, such as oiling it and physically manipulating the leather, Gavin had an epiphany that led to the inception of Glove Wrap™, an innovative tool designed to break in and shape gloves with remarkable ease. 

This idea addressed Gavin’s struggle and presented an opportunity for Jon to inculcate entrepreneurial skills in his children.

Before appearing on Shark Tank, Glove Wrap™ was developed by the Batarse family as a solution to simplify the traditionally cumbersome process of breaking in new gloves. 

The product comprises a latex-free, thermoplastic elastomer band designed to apply the optimal pressure required to shape the glove. 

Using Glove Wrap™ is straightforward, involving placing a ball in the glove’s pocket to start the reshaping process, tightly winding the Glove Wrap™ around the glove, and leaving the wrapped glove overnight for best results. 

Traditional methods for breaking in gloves were often cumbersome and time-consuming, involving multiple steps and substances that could damage the glove material. 

Glove Wrap™ addressed these concerns, enabling athletes to focus more on their game than overall glove maintenance.

Glove Wrap™ had already garnered an enthusiastic following before appearing on Shark Tank, boasting nearly 100,000 followers across platforms like Instagram, TikTok, and Facebook. 

Their videos had also garnered upwards of 30 million views, echoing the strong approval of the sports community, from tee ball players to professionals. 

The product received overwhelmingly positive feedback and fulfilled Gavin’s dream of gifting this valuable tool to some of his favorite professional players. 

Despite being available only through their official website, the Batarse family aimed to expand their reach and make Glove Wrap™ accessible to every player, sold across multiple outlets, and not just limited to their online platform.

How Was The Shark Tank Pitch Of Glove Wrap?

Jon and Gavin Batarse and Gavin’s sister Morgan presented their company, Glove Wrap, on Shark Tank Season 15. The product addressed the common problem of breaking a baseball or softball glove. 

Glove Wrap is an elastic band designed to fit the exact specifications of gloves, making it easier to break in the glove and form a perfect pocket.

The founders sought an investment of $50,000 for a 20% equity stake in their company. During the pitch, they received interest from Mark Cuban and Michael Rubin, who eventually offered $50,000 for a 22% equity stake, which the founders accepted.

Here are the views of the Sharks on the Glove Wrap product and the investment offers they made:

  • Mark Cuban: Mark saw potential in the product and envisioned it being used in professional baseball clubs, particularly as fan giveaways. He expressed interest in making a deal and eventually offered $50,000 for a 22% equity stake.
  • Michael Rubin: As a guest shark, Michael recognized the value of Gavin’s invention and mentioned that he had the right connections that could benefit the company. He agreed to invest alongside Mark Cuban under the condition that Mark also joined the deal.
  • Kevin O’Leary: Kevin asked about sales and expressed concern about Gavin’s commitment to the company while attending school. He eventually dropped out of making an offer.
  • Barbara Corcoran: Barbara questioned the uniqueness of the product compared to exercise bands and ultimately decided not to invest. However, she mentioned that Mark would be the best shark to work with Gavin and his family.
  • Lori Greiner: Lori loved the product but felt that other sharks with a more robust sports background could provide better help to the company. She decided not to invest.

Ultimately, Mark Cuban and Michael Rubin made the final offer of $50,000 for 22% equity, which the founders accepted. The guest shark, Michael Rubin, emphasized his connections that could benefit the company.

The Glove Wrap pitch on Shark Tank Season 15 resulted in a successful deal with Mark Cuban and Michael Rubin, providing the company with an investment and opportunities for growth and exposure. 

After appearing on Shark Tank, the company experienced a boost in sales and received positive attention from MLB players and media outlets.

Did Glove Wrap Get a Deal on Shark Tank?

Yes, Glove Wrap did get a deal on Shark Tank. John, Morgan, and Gavin Batarse pitched their invention, Glove Wrap, in episode 1503 of the show. They were seeking $50,000 for 20% of Gavin’s business. 

After presenting their product and discussing numbers with the Sharks, Michael and Mark offered $50,000 for 22%, and Gavin accepted the deal. So, yes, Glove Wrap did secure a deal on Shark Tank with Michael and Mark.

What Happened To Glove Wrap After Shark Tank?

After appearing on Season 15, Episode 3 of ‘Shark Tank,’ GW Glove Wrap gained significant attention and experienced a boost in its business.

The solution offered by GW Glove Wrap, which simplifies and accelerates the process of breaking in gloves for baseball, hockey, and softball players, resonated with the Sharks and the audience.

Following their appearance on the show, GW Glove Wrap continued to scale its growth under the leadership of the Batarse family. 

They capitalized on their newfound exposure and leveraged the power of social media to expand their reach. 

With thousands of followers on platforms such as Instagram, TikTok, and Facebook, GW Glove Wrap successfully appealed to athletes across different age groups and sports.

The company’s success further skyrocketed when a viral video surfaced featuring Gavin Batarse handing the glove wrap to professional baseball players. This video generated substantial feedback and heightened interest in the product. 

As a result, GW Glove Wrap received admiration and endorsement from players ranging from Tee Ball to professional leagues. 

Gavin even had the opportunity to hand out his product to notable players like Mike Trout, Brett Phillips, Eduardo Escobar, and Los Angeles Dodgers manager David Roberts.

The increased visibility and renown led to GW Glove Wrap’s products being available on their official website. This move expanded their distribution channels and made it easier for customers to access their innovative glove-breaking solution. 

The company aims to ensure the availability of its product across numerous platforms, indicating a desire for widespread distribution and accessibility.

GW Glove Wrap’s success brought business growth and gave the Batarse family more quality time together. Their passion for baseball and dedication to their innovative product have created a promising future for GW Glove Wrap. 

As the company continues to evolve, it is expected to achieve significant milestones and establish itself as a game-changer in the sports industry.

Glove Wrap Shark Tank Update

After appearing on Shark Tank Season 15, Episode 3, Glove Wrap received an investment offer from Mark Cuban and Michael Rubin.

The entrepreneurs behind Glove Wrap accepted the offer of $50,000 for 22% equity in their business. This investment deal valued Glove Wrap at $227,272.

Following their appearance on the show, Glove Wrap experienced a boost in publicity and exposure. Being featured on Shark Tank helped increase brand recognition and credibility among sports enthusiasts and potential customers. 

The endorsement from Mark Cuban and Michael Rubin also added to the company’s reputation.

Glove Wrap Shark Tank Update | Glove Wrap Net Worth

With the investment secured, Glove Wrap was able to allocate funds towards product development, marketing efforts, and expanding their distribution channels. 

They invested in improving their manufacturing processes to ensure the continued production of high-quality products.

The increased visibility from their Shark Tank appearance led to a surge in sales and demand for Glove Wrap. Athletes’ and coaches’ positive reviews and attention further contributed to their success. 

As a result, Glove Wrap established itself as a reputable brand in the competitive sports industry.

Glove Wrap continued to focus on product innovation and customer satisfaction to sustain its growth. They actively engaged with their customer base, soliciting feedback and incorporating suggestions to enhance their product offerings. 

Glove Wrap fostered loyalty and encouraged repeat business by maintaining a strong relationship with its customers.

In addition to their online sales, Glove Wrap expanded their distribution by partnering with sporting goods retailers and participating in trade shows and expos. This allowed them to reach a wider audience and increase their market presence.

The exposure and investment from Shark Tank propelled Glove Wrap into a successful business venture. 

Through strategic investments, product development, and effective marketing strategies, Glove Wrap was able to capitalize on its Shark Tank experience and establish itself as a leading brand in the sports accessories industry.

Is Glove Wrap Still In Business?

Yes, Glove Wrap is still in business. The company has good engagement on its social media platforms, with the most popular video showing Gavin giving glove wraps to baseball players. The official address of the business is in Tustin, California, USA. 

Glove Wrap got a deal on Shark Tank, and Mark Cuban and Michael Rubin invested in the business. The company continues to benefit from its popularity on social media. 

Glove Wrap has had significant sales growth after appearing on Shark Tank, and it remains an active player in the baseball and softball glove accessories market.

What Is the Net Worth Of Glove Wrap?

According to our research, the net worth of Glove Wrap is estimated to be $500,000. The valuation of Glove Wrap was $272,272 after securing an investment from Mark Cuban and Michael Rubin on Shark Tank.

Also, read about other businesses that appeared on Season 15, Episode 3 of Shark Tank: