Spikeball Shark Tank Update

Chris Ruder and his Spikeball team present their idea for the next great American game in Shark Tank episode 623, which airs at the end of season six.

Spike Balls involve two players playing against each other simultaneously, similar to beach volleyball. The other team has to hit the ball and get it back if a player spikes the ball off the “net.”

As in volleyball, each team gets three chances to touch the ball before returning to the other team or spiked.

There are no boundaries as there are in volleyball. The company’s website describes the game as “like volleyball and foursquare, but on steroids.”

This is not a new game, and it has been around for more than 7 years. Many people play, and more than 1,000 teams have been ranked high enough to play.

The USA Spikeball Association runs many tournaments every year. The national and regional championships occur on an annual basis.

People of all ages can play the game on the beach. You can buy the whole set on Amazon and the company’s website.

Chris may be looking for a Shark who can help spread the word about the game and get it in front of more people. There are a lot of Sharks out there. Can Mr. Ruder hit one of them?

What Is Spikeball?

Spikeball is a game that looks like volleyball but has a lot of unique changes to make it even better.

Spikeball Shark Tank Update

It is a two-player game played by two teams (2 vs. 2), consisting of two players. You move with the ball, so there are no sides in this game. There is also a trampoline in this room instead of a net.

Company NameSpikeball
EntrepreneurChris Ruder
ProductTeam-based sports will become the next great American sport
Investment Asking For$500,000 For 10% equity in Spikeball
Final Deal$500,000 For 20% equity in Spikeball
SharkDaymond John
Episode Season 6 Episode 29
Business StatusIn Business
WebsiteVisit Website

Who Is The Founder Of Spikeball?

Chris Ruder is the person who created Spikeball. He has worked as a salesperson in many different places, despite training as a photographer. Spikeball was still very new when he worked for Microsoft.

He left Microsoft after Spikeball was stable and became CEO of the company.

New games don’t come out every day. The idea for Spikeball did not come from Chris Ruder.

Jeff Knurek created the Spikeball game, but he forgot or didn’t bother to apply for a patent. Chris and his friends applied for a business license after deciding on a name for the company.

Chris and his friends invented Spikeball while they were on vacation in Hawaii. People who didn’t know them stared at them and asked where they could buy Spikeball and how to play the game.

They realized the game would be a great business idea as soon as they looked at it again.

The group raised $100,000 to start a business. Chris managed the business’s day-to-day operations. People already liked the game before it was on Shark Tank.

The team reached $1,000,000 in sales before hiring their first employee.

Spikeball Before Shark Tank

Chris Ruder from Chicago, Illinois, enters the Shark Tank in search of investing $500,000 in exchange for a 10% stake in his company, Spikeball.

Spikeball, Chris adds, has the potential to become the next great American sport. Like all great sports, Spikeball is simple to pick up but extremely difficult to master.

The game can be played as a competitive event or casual backyard game.

Spikeball is also extremely portable; you only need the ball, the net, and the stands to play it anywhere.

How Was The Shark Tank Pitch Of Spikeball?

Chris and his crew join the Shark Tank in quest of $500,000 in exchange for 10% of his business. Onstage, a heated game is played to demonstrate the goods.

Then the Q&A session begins. They describe how the trademark on this vintage toy has expired.

They resurrected it and began manufacturing and selling them. They hold tournaments to promote it.

They’ve sold 29,000 units in less than a year. They anticipate revenue of $3.2 million this year (2014). Each unit is landed at $14 and retails for $59.

He believes he can bring the price down to $10. Hee needs the Shark funds to increase production capacity to fulfill a 10,000-unit order from Dick’s Sporting Goods.

Kevin is skeptical of the valuation but is waiting to see what the others will do.

Lori is the first Shark to leave, claiming she cannot accept the valuation.

Nick claims he is no longer raved about it and has withdrawn.

Mark initially felt the concept was ridiculous, but he appreciated it as the pitch progressed. Nonetheless, he leaves, citing the valuation.

Kevin offers a $500,000 loan with a 9% interest rate in exchange for a 10% stake in the company.

Daymond offers $500,000 in exchange for 25% equity in the licensing rights.

Chris counters with 15%, and Daymond counters with 22%. When Chris counters with 20%, Daymond accepts.

Final Deal: Daymond John invests $500,000 for 25% equity of Spikeball.

What Happened To Spikeball After Shark Tank?

Spikeball is still going strong, and there is plenty of opportunity for success. Of course, they promote on Spikeball’s website.

Spikeball’s appearance on Shark Tank boosted sales and attention substantially, and it maintains an active social media presence on Twitter, Facebook, and Instagram.

Spikeball Shark Tank Update

The league has expanded, with games being played in all 50 states, Mexico, and Canada.

Amazon’s online store lists Spikeball for $59.99 yet has an overwhelming 4.5 rating across 808 customer reviews.

Spikeball Shark Tank Update

The arrangement with Daymond never came to fruition. Spikeball hosts competitions throughout the country and has been a smashing success since its debut in the Tank.

Their game received a patent in August 2020. The attorney for Chris will almost certainly send letters alleging intellectual property violations to at least two knock-offs.

What Happened To Windcatcher After Shark Tank?

As of January 2022, they had sold well over a million sets and earned a reported $6 million in annual income.

Is Spikeball Still In Business?

Spikeball, a hybrid sport of hand tennis and ping pong played on a trampoline, is still being played.

The company sells its products online, through e-commerce platforms such as Amazon, in retail locations in the U.S., and through international distributors.

The Chicago-based company has grown to over 40 full-time employees since 2008. Additionally, it sponsors over 150 events each year that attract over four million players worldwide.

The company offers an app for organizing tournaments and a free certification course for Physical Education teachers to structure a game between learners and condition players with conditions workout routines. Founder Chris Ruder continues to serve as CEO of the company.

What Happened To Sleeping Baby After Shark Tank?

RampShot, a four-player game, is a significant competitor to Spikeball. 

RampShot’s rules and equipment may differ, but its basic idea remains the same: it’s a fun and engaging outdoor game that requires hand-eye coordination, motor skills, and collaboration. 

On the other hand, Kan Jam employs similar principles to frisbee and bucket-themed activities, but two participants. It is also present in schools.

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