Action Glow Shark Tank Net Worth-What Happened To Action Glow After The Shark Tank Pitch?
Action Glow Update
Action Glow is a company that manufactures LED lighting systems for sporting equipment.
The company was founded by brothers Garret Porter and Dakota Porter, who were inspired to create the product when they lit up their snowboarding equipment with LED lights and received attention from other snowboarders. The brothers launched their product in 2013 and it sold out in just 24 hours.
In 2022, Garret and Dakota appeared on Shark Tank Season 14 to pitch their company and were seeking $200,000 for 15% equity. Robert Herjavec invested $200,000 in Action Glow for 30% equity. As of November 2022, Action Glow is still in business.
The company has constantly been updating its lighting systems to create the best possible product for its customers. In 2023, the company introduced the most refined and technologically advanced version of ActionGlow yet, ActionGlow.
The company has also signed a Shark Tank Specials where they would give a free kit to one winner after every 250 sales from the signup list.
While it is too early to know much about the company’s progress after appearing on Shark Tank, many potential customers are likely going to have a favorable opinion of the product.
However, it is not yet clear whether they will be able to keep up with the overwhelming demand of sales that will come through its website as a result of appearing on Shark Tank.
Table: Action Glow Shark Tank Summary
|Garret Porter and Dakota Porter
|LED lighting systems for sporting equipment (snowboards, skis, surfboards, skateboards, kayaks)
|Shark Tank Appearance
|– Appeared on Shark Tank Season 14, seeking $200,000 for 15% equity<br>- Robert Herjavec invested $200,000 for 30% equity
|– The company is still in business<br>- The latest product is the most refined and technologically advanced version yet, ActionGlow.<br>- The company has a Shark Tank Specials where they would give a free kit to one winner after every 250 sales from the signup list.
|The company has patented its products for attaching LED lighting to sporting equipment.
|– All sales were generated through word of mouth<br>- The product gained popularity after a TikTok video went viral.<br>- In November 2022, the company had a lifetime sale of $130,000, with $32,000 sold in 2021 and $22,000 sold so far in 2022.
|$200,000 for 30% equity from Robert Herjavec on Shark Tank Season 14
|The products are available exclusively on their website and range between $69 and $169, depending on the kind of equipment.
|Exposure after Shark Tank
|– ActionGlow won a pitch competition in Detroit<br>- Featured in commercials for Jeep and Red Bull<br>- Featured on ‘The Ultimate Surfer’
|Color options and brightness levels
|Seven different color options and three different brightness levels
|Less than 10 minutes
|$430,000 when it launches ActionGlow 2
What Is An Action Glow? Who Is The Founder Of Action Glow?
Action Glow is a company that makes LED lights for sporting equipment such as snowboards, skis, surfboards, skateboards, and kayaks. The company was founded by Garret and Dakota Porter when they were teenagers.
They used to like snowboarding at night and wanted to add both style and safety to their equipment. The lights attach with a strong adhesive and are powered by a 9-volt battery. Once attached, the lights can last for hours.
Action Glow has patented its products for attaching LED lighting to sporting equipment. Prices range from $69 for a longboard lighting set to $169 for a kayak set.
The company has sold its products worldwide and has projected sales of $430,000 when it launches ActionGlow 2.
In summary, Action Glow is a company that produces LED lights that attach to sporting equipment. These lights add both style and safety to the equipment.
What Happen To Action Glow At The Shark Tank Pitch?
Garret Porter and Dakota Porter appeared on Shark Tank Season 14 Episode 7 with their company ActionGlow and asked for $200K for a 15% equity at a $1.3 Million Valuation from the sharks. They presented their product, an RGB LED Lighting System that makes night riding safer and looks great at night.
“The Skateboard Action Lighting Color is priced at $49 and costs $15 to make. In November 2022, the company had a lifetime sale of $130,000, with $32,000 sold in 2021 and $22,000 sold so far this year.
All sales were generated through word of mouth as the company did not invest any money in marketing. The product gained popularity after a TikTok video went viral. Kevin O’Leary appreciated the product’s quality but declined to invest due to the difficulty in scaling the business.
Lori Greiner also liked the business but found it too small to invest in. Mark Cuban was not interested in the business.
Robert Herjavec made an initial offer of $200k for a 30% equity stake, but the entrepreneur countered with 20% equity, which Robert refused.
The entrepreneur then offered 25% equity, which Robert also turned down. Eventually, Garret Porter and Dakota Porter agreed to Robert’s initial offer.”
What Happen To Action Glow After The Shark Tank Pitch?
After appearing on Shark Tank, Dakota and Garret expected to see a huge increase in orders over the next two weeks. The company is shipping its LED lighting systems within the United States as well as internationally.
Although ActionGlow won a pitch competition in Detroit, they were denied the prize money because of their age. At present, their products are available exclusively on their website and range between $69 and $169, depending on the kind of equipment one is looking to customize.
It seems that ActionGlow has been successful after appearing on Shark Tank. The company received massive exposure from being featured in commercials for Jeep and Red Bull, as well as being featured on the TV show ‘The Ultimate Surfer’.
While it may be challenging to maintain sales after the hype from Shark Tank dies down, Garret and Dakota are hopeful that their product will continue to sell well.
How Does Action Glow Works?
ActionGlow is an aftermarket LED lighting system for sporting equipment, such as bikes and snowboards. The system is designed to add an element of safety while expressing personal style.
The ActionGlow2 Bike System and Snowboard System were both designed to work with any bike or snowboard, respectively. The lighting systems are lightweight, with weights ranging from 9.0 to 20.0 ounces, not including the 9V battery.
The ActionGlow2 lighting systems are considered “color-selecting” and come with seven different color options. The color settings are available on all products. The lighting systems also have the ability to cycle through three different brightness levels.
The installation process is straightforward and takes less than 10 minutes.
ActionGlow was founded in 2011 by Dakota and Garret Porter, who came up with the idea to put LED lights on their snowboards while about to drop in on a dark ski slope. The company has spent over ten years perfecting the design of their lighting systems.
The most recent version of the system is the ActionGlow2, which is the most refined and technologically advanced version yet.
The founders of ActionGlow are two action sport enthusiasts who have dedicated their lives to creating the brightest, sickest, and most durable action sport lighting system for sporting equipment.
What Is The Current Valuation Of Action Glow?
Action Glow is a company that produces LED lighting systems for action sports equipment such as snowboards, bikes, and longboards. The company appeared on Shark Tank in November 2022 and secured a deal with Robert Herjavec for $200,000 in exchange for 30% equity.
The deal valued the company at a little over $600,000. As of April 2023, the company’s net worth is estimated to be around $1.1 million.
Since appearing on Shark Tank, Action Glow has experienced tremendous growth and success. They have secured additional funding and partnerships, leading to an estimated net worth of $1.1 million.
The company’s LED lighting systems are available on both Amazon and its website platforms, with an average price range of $69 to $169. The current price tag to the public starts at $49 for the smallest LED system and ranges up to more than $100 for the most advanced versions of the product.
Action Glow was founded by two brothers, Dakota and Garret Porter, from Traverse City, Michigan. The Porter brothers started Action Glow when they were teenagers, just 13 and 16 years old.
For many years, Dakota and Garret were running the company while going to school, and they recently started to work on their business full time after they both graduated from college with Associate Degrees in Business.
Action Glow Shark Tank Net Worth
At the time of the shark tank pitch, Action Glow was estimated to be worth $667k. Since appearing on Shark Tank, Action Glow has experienced tremendous growth and success.
Action Glow is a company founded by brothers Garret and Dakota Porter from Grand Traverse County, Michigan. They appeared on Shark Tank in November 2022 and received a deal with Robert Herjavec.
The company sells patented LED lights through its website and other retailers and has seen an increase in orders since the episode aired.
Action Glow’s success shows that with the right idea and execution, anything is possible. The company continues to experience success as of 2023.
Is Action Glow Still In Business?
Yes, ActionGlow is still in business as of November 2022. The company has been in business for over a decade, having launched its first light product in November 2013 and sold out all products within 24 hours.
ActionGlow provides LED lighting systems for sporting equipment such as snowboards, skis, bikes, longboards, wakesurf boards, wakeboards, surfboards, SUPs and kayaks. The company’s products are available on both Amazon and its website platforms.
ActionGlow appeared on Shark Tank during Season 14 and secured a deal with Robert Herjavec. While it is too early to know much about the impact of appearing on Shark Tank on the company’s sales, many potential customers are likely to have a favorable opinion of the product.
In summary, according to the provided search results from various sources including sharktanktalks.com, sharktankrecap.com, actionglow.com and techiegamers.com; ActionGlow is still in business as of November 2022.