FitDeck Shark Tank Net Worth
FitDeck appeared on Shark Tank and was valued at around $1.5 million at the time. The company’s founder, Phil Black, asked for $300,000 in exchange for a 20% stake in the company.
FitDeck’s net worth is estimated to be around $4.3 million as of 2022, but it is unclear what its current net worth is.
What is FitDeck and Who is the Founder of FitDeck?
FitDeck is a unique workout system that combines a deck of playing cards with an accompanying app to make exercise enjoyable and convenient.
With every shuffle of the cards, users receive a new exercise to perform. The system includes two options: a 56-card deck and a 26-card Booster deck.
The 56-Card FitDeck, Bodyweight, Yoga, Stretch, Basketball, and Junior provide a comprehensive workout routine consisting primarily of bodyweight exercises. The 26-Card Booster Packs, including Dumbbell, Resistance Tube, and Core Blast, can be used alone or in combination with other FitDeck packs for a more challenging workout.
The cards come in a plastic cardholder, making them easy to carry and draw from while on the go. The illustrated exercise cards make it easy to follow and complete a workout.
The founder of FitDeck, Phil Black, is a California-based fitness enthusiast and entrepreneur with a diverse background. After graduating from Yale University and Harvard Business School, Black served as a Navy SEAL, a firefighter, and an investment banker at Goldman Sachs.
Throughout his various endeavors, Black continued to train as a certified fitness instructor and motivational speaker. He used his knowledge and experience to create FitDeck, which he launched in 2004. Today, FitDeck is available on its website and on Amazon.
FitDeck Shark Tank Pitch
During Shark Tank Season 5 Episode 15, Phil Black sought $300,000 in exchange for a 20% stake in FitDeck, which was valued at $1.5 million. He showcased his fitness playing cards, which each symbolized a workout and included instructions and pictures.
Each themed deck, such as Cross Training and Yoga, cost approximately $4.95 to create and sells for $14.95 online.
💥🎁 Christmas & Year-End Deals On Amazon !
Don't miss out on the best discounts and top-rated products available right now!
🛒 Shop Now and Save Big Today!*As an Amazon Associate, I earn from qualifying purchases.
Phil impressed the Sharks by revealing that he had sold 500,000 copies to date, but his sales were spread out over seven years, with sales of $640,000 in the previous year but no profits. The Sharks ultimately passed on the pitch, citing concerns over the lack of profit and flawed concept.
Despite not securing a deal, Phil continued to sell FitDeck on his website and on Amazon, even launching a “Shark Tank Bundle” of three decks for $39.95.
In 2014, Implus, a manufacturer of footwear, outdoor, and fitness products, acquired FitDeck. Phil went on to create PrepWell Academy, a high school online mentorship program, which was featured on Shark Tank Season 11 Episode 19.
PrepWell offers four plans ranging from $14.95 to $24.95 per month and is based on Black’s strategies and passion that helped him achieve success in the world’s most competitive, selective, and exclusive organization.
Table Summary: Fitdeck Shark Tank
TOPIC | INFORMATION |
Founder | Phil Black |
Product | A workout system that combines a deck of playing cards with an accompanying app |
Season/Shark Tank Pitch | Season 5, Episode 15. Phil Black asked for $300,000 in exchange for a 20% stake in the company, which was valued at $1.5 million |
Net Worth | Estimated to be around $4.3 million as of 2022; current net worth is unknown |
Competitors | No identified competitors |
Updates | In 2014, FitDeck was sold to Implus. FitDeck’s own entity was dissolved after huge competition in the digital market. |
Sales Information | FitDeck sold 500,000 copies to date, generating $640,000 in the previous year but no profits. |
Products | 56-card deck and a 26-card Booster deck |
Pricing | Each themed deck cost approximately $4.95 to create and sells for $14.95 online. “Shark Tank Bundle” of three decks for $39.95 is available on Amazon. |
Other Product | PrepWell Academy, a high school online mentorship program, is also created by Phil Black, and it was featured on Shark Tank Season 11 Episode 19 |
FitDeck Shark Tank Updates
FitDeck is a deck of cards created by fitness buff Phil Black that shows different exercises to make working out simple, convenient, and fun. Black appeared on Shark Tank in Season 5, asking for $300,000 in exchange for 20% of FitDeck.
However, none of the sharks made an offer, and Black left the tank without a deal. The sharks were concerned about the lack of profitability of the company, despite impressive sales of $640,000.
Black was reinvesting the money in hopes of creating a successful app, but the digital market was already flooded with exercise and fitness apps.
After Shark Tank, FitDeck continued to sell through its official website and online retailers like Amazon. Black even created a “Shark Tank Bundle” – a three-deck package that retailed for $39.95, taking advantage of the hype from Shark Tank.
However, due to huge competition in the digital market, FitDeck was not able to survive stable. Black sold his business to Implus in 2014, and the company’s own entity was dissolved. The net worth of FitDeck is unknown as of 2022.
Despite not getting a deal on Shark Tank, FitDeck remains popular, and customers can still purchase the FitDeck Shark Tank Bundle deal on Amazon.
💥🎁 Christmas & Year-End Deals On Amazon !
Don't miss out on the best discounts and top-rated products available right now!
🛒 Shop Now and Save Big Today!*As an Amazon Associate, I earn from qualifying purchases.
What is the net worth of FitDeck?
On The Shark Tank, Phil was in search of $300,000 in exchange for a 20% stake in FitDeck. This translates to a $1.5 million valuation of the Company.
Who are the Competitors for FitDeck?
There are no competitors identified for FitDeck.
FitDeck FAQS
What Is Fitdeck Shark Tank?
FitDeck is a set of playing cards that feature exercises and nutritional tips for different sports, activities, and lifestyles.
The creator of FitDeck, Phil Black, is a Harvard Business School grad and Navy Seal who also happens to be a father of four, an investment banker, personal trainer, firefighter, and motivational speaker.
Black appeared on Shark Tank in season 5, asking for $300,000 in exchange for 20% of FitDeck. However, he did not secure a deal with any of the Sharks.
After Shark Tank, the sales of FitDeck peaked and seemed to be very high for a while. However, Black was not able to make a profitable business out of FitDeck, and he used to reinvest all his money into the development of digital applications of it.
Due to huge competition in the digital market, FitDeck was not able to survive stable. Despite not getting a deal on Shark Tank, FitDeck remains popular and can be purchased directly from the FitDeck website or other online retailers such as Amazon.
In 2014, a manufacturer of footwear, fitness, and outdoor accessories named Implus acquired FitDeck, and the company’s own entity was dissolved.
How Does Fitdeck Shark Tank Work?
FitDeck is a set of illustrated exercise playing cards that makes exercise more simple, more convenient, and fun. Each card is illustrated with an exercise in three difficulty levels to accommodate different abilities (beginner, intermediate, advanced).
Fitdecks are available in 56-card and 26-card Booster decks. Full Deck 56-Card Fitdecks, Bodyweight, Yoga, Stretch, Basketball, and Junior, provide a standard deck of cards with mainly bodyweight exercises to build an entire workout routine.
💥🎁 Christmas & Year-End Deals On Amazon !
Don't miss out on the best discounts and top-rated products available right now!
🛒 Shop Now and Save Big Today!*As an Amazon Associate, I earn from qualifying purchases.
26-Card booster packs, Dumbbell, Resistance Tube, and Core Blast, can be used as a standalone workout or they can be combined with other Fitdecks to create an even more challenging routine. Cards are held in a plastic cardholder making it easy to carry and draw cards while on the go.
Phil Black, the creator of FitDeck, appeared on Shark Tank in season 5, episode 18, seeking $300,000 in exchange for 20% of his company.
He brought his fitness playing cards to the Sharks, explaining that each card represents an exercise, and includes illustrations and instructions. Each deck is themed, including things like Cross Training and Yoga.
Despite not receiving any offers from the Sharks, Phil continued to promote FitDeck and reinvested all his money into the development of its digital applications of it. However, due to huge competition in the digital market, FitDeck was not able to survive stable.
In 2014, a manufacturer of footwear, fitness, and outdoor accessories named Implus acquired FitDeck, and the company’s own entity was dissolved.
What Happened To Fitdeck Shark Tank?
FitDeck is a fitness business that was pitched on Shark Tank in 2014. FitDeck is a deck of custom playing cards with exercises on the faces that can be shuffled to create unlimited random workouts.
The Sharks passed on the vision to move the content from the physical world (playing cards) to the digital world (mobile devices) despite having sold over 500K decks of playing cards (totaling over $5,000,000 in sales) from their garage.
FitDeck was not profitable, and it was difficult to get into the digital market with something like this, according to the Sharks. Phil Black, the founder of FitDeck, left the Shark Tank stage without securing any deals from the Sharks for FitDeck.
After the Shark Tank appearance, FitDeck generated significant buzz, and Phil Black decided to cash in on the newfound excitement by releasing the ‘Shark Tank Bundle’ — a three-deck set retailing for $39.95.
FitDeck was acquired by Implus, a manufacturer of footwear, outdoor, and fitness accessories, a few months after Phil Black appeared on Shark Tank. Phil Black sold FitDeck to Implus after participating in Shark Tank and founded PrepWell Academy.
💥🎁 Christmas & Year-End Deals On Amazon !
Don't miss out on the best discounts and top-rated products available right now!
🛒 Shop Now and Save Big Today!*As an Amazon Associate, I earn from qualifying purchases.
At the time of the Shark Tank appearance, FitDeck was valued at around $1.5 million, and currently, it has an estimated net worth of $4.3 million. FitDeck continues to sell its cards on its own website and on Amazon.
Is Fitdeck Shark Tank Still In Business?
FitDeck appeared on Shark Tank Season 5, where Phil Black, the founder, pitched his fitness playing cards to the Sharks. Each card represented an exercise and included illustrations and instructions.
The Sharks were not convinced and did not invest in the company. Despite not getting a deal on Shark Tank, FitDeck remains in business and continues to sell its cards on its own website and on Amazon.
After the Shark Tank appearance, FitDeck generated significant buzz, and Phil Black released the “Shark Tank Bundle,” a three-deck set retailing for $39.95, taking advantage of the hype from Shark Tank.
However, the FitDeck app was not profitable, and it was difficult to get into the digital market with something like this, according to the Sharks.
Phil Black reinvested all his money into the development of digital applications of FitDeck, but due to huge competition in the digital market, FitDeck was not able to survive stable.
In 2014, Phil Black sold FitDeck to a fast-growing consumer products firm called Implus. Despite not convincing any Sharks to invest, FitDeck remains very popular, and customers can order it based on the hype from Shark Tank.
Therefore, FitDeck is still in business, and it continues to sell its cards through its website and online retailers like Amazon.
What Is The Current Valuation Of Fitdeck Shark Tank?
FitDeck appeared on Shark Tank in January 2014, and at the time, it was valued at around $1.5 million. The founder, Phil Black, asked for $300,000 in exchange for a 20% stake in the company. However, FitDeck did not secure a deal with the Sharks.
Currently, FitDeck is out of business, and the product is no longer available in the market. FitDeck’s net worth in 2023 is unknown because the business is not in operation since 2014.
💥🎁 Christmas & Year-End Deals On Amazon !
Don't miss out on the best discounts and top-rated products available right now!
🛒 Shop Now and Save Big Today!*As an Amazon Associate, I earn from qualifying purchases.
Despite not securing a deal on Shark Tank, FitDeck’s sales peaked after the show, and it had an estimated net worth of $4.3 million. However, due to huge competition in the digital market, Phil Black was not able to make a profitable business out of FitDeck.
He used to reinvest all his money into the development of digital applications of FitDeck. After FitDeck, Phil Black came back on Shark Tank in episode 1119 in season 11 with PrepWell, his other start-up.
How much was he seeking in the Shark Tank?
Phil was asking for $300,000 in exchange for a 20% stake in FitDeck.
Did he get the deal?
No, he did not secure a deal with the Sharks.
Where does FitDeck sell its products?
FitDeck sells its products on its website and on Amazon.
How much does it cost?
The cards cost roughly $4.95 to create and sell $14.95 online.
When was FitDeck aired on Shark Tank?
FitDeck aired on Shark Tank Season 5 Episode 15 in January 24th, 2014.
Where is FitDeck based?
The Company is based in San Diego, California.
How can they contact the company?
The best way to contact FitDeck is by visiting their website www.fitdeck.com or www.implus.com.
Is Implus available on social media?
Yes, they are available on Facebook and Twitter.
💥🎁 Christmas & Year-End Deals On Amazon !
Don't miss out on the best discounts and top-rated products available right now!
🛒 Shop Now and Save Big Today!*As an Amazon Associate, I earn from qualifying purchases.
What happened to FitDeck after Shark Tank?
Black sold FitDeck “to a fast-growing consumer products firm” following his participation on Shark Tank and started PrepWell Academy.
How many times has Phil Black been on Shark Tank?
All of his encounters as a counselor and mentor motivated him to become the top college admissions resource in the country.
Additionally, Phil Black is the first individual to have participated in Shark Tank twice, each time with a completely different firm.
Was Phil Black a Navy SEAL?
Phil Black has amassed an impressive list of unique accomplishments over the last three decades, including:
Division I college athlete, Navy SEAL officer, Goldman Sachs investment banker, bootstrap entrepreneur, two-time Shark Tank contestant, Johnson & Johnson performance coach, firefighter, husband, and father of four sons.
What is PrepWell Academy?
PrepWell Academy is an online empowerment program for high school students that teaches kids about the college admissions process.
The substantial duties and obligations included in this procedure are analogous to those encountered in real life.
What happened to FitDeck?
Implus, a maker of footwear, outdoor, and fitness products, bought FitDeck in 2014.
What is the net worth of Phil Black?
Phil Black’s net worth is $1.1 Million as of 2022.