Action Glow Shark Tank Net Worth-What Happened To Action Glow After The Shark Tank Pitch?
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.
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.