GameFace Shark Tank Net Worth 2023
GameFace Shark Tank Net Worth
The Gameface Company, which was featured on Shark Tank America in January 2013, has a net worth of around $6 million USD as of 2023.
The company achieved success after its appearance on the show, with annual revenue of $5 million. Prior to being on Shark Tank, the company did $6,700 in sales.
Since working with Mark Cuban and Lori Greiner, however, this figure has gone up to $200,000 with future projections of $2 million. The Gameface Company is still up and running in 2023.
What is GameFace? Who Founded GameFace?
GameFace is a company that produces peel-off full-face masks designed for sports fans who want to display their team passion on game day.
These masks come with an adhesive that makes it easy to remove after use. Initially, GameFace masks were created for sports enthusiasts to show support for their teams by wearing them as part of their team regalia.
Over time, the masks became popular in other spheres as well, including Halloween-themed masks.
The creator of GameFace, Doug Marshall, is a native of Tyler, Texas, and had a successful career as a salesperson in various firms before developing this innovative product.
He also worked for a Taiwanese company in Taiwan. Today, Doug serves as the President and CEO of both GameFace and Dallas Commercial Roofing.
Doug’s idea for GameFace came to him in a dream, where he saw two opposing football supporters covered in face paint and wearing football jerseys.
This inspired him to create a product that would allow sports fans to show their support for their teams in a unique and fun way.
After realizing the potential of his invention, Doug pursued and obtained patents for his innovation, which covered football, hockey, basketball, and other sports.
GameFace Shark Tank Pitch
Doug entered the Shark Tank seeking $450,000 in exchange for a 25% stake in his company, implying a valuation of $1.8 million.
He disclosed that his company was a part-time venture, and he was struggling to build it while supporting his family as a sales representative.
In the first year, the company earned $6,700, and after five years, the revenue totaled $102,000 in the preceding year.
Doug requested a three-year salary of $100,000 each year, which was included in the money he was seeking.
When Mark Cuban inquired about the pricing of the goods, Doug revealed that he sold each item wholesale for $2.50 and sold them for $5 at the retail level. The items were priced between 25 and 60 cents.
When Robert Herjavec asked about Doug’s profit margin on the previous year’s sales of $102,000, Doug informed him that he had earned $32,000. Robert expressed skepticism about the figures.
When Daymond John inquired about the business’s rivals, Doug claimed to have the patent for a full-face peel-able mask, which had no competition.
Robert and Daymond disagreed with the concept of a salary and left the negotiations. Mr. Wonderful provided $450,000, with $300,000 treated as a loan, and requested a 25 cent royalty on each Gameface sold until he recoups his investment.
Lori offered $450,000 for 40% of the company and invited Mark to join her. Mark countered with an offer of $1 million for the entire company, which included Doug’s five-year compensation of $80,000 per year.
Doug appeared undecided about the range of offers he had received and wanted to communicate with his family before making a decision. He later countered with an offer of $450,000 for 35% and an annual salary of $80,000. Lori and Mark agreed to the terms, with a 10% royalty until they recouped their investment.
Mark and Lori’s involvement gave The Gameface Company a pre-existing following in the form of Maverics supporters.
Sales hit $200,000 in the first ten months after the show’s debut, and forecasts for the future varied between $2-20 million, as Gameface was picked up and licensed by additional major league professional sports teams.
Doug expressed gratitude for coming to an agreement with Mark and Lori, stating that it was the best thing he could have done for his business.
They are still in business as of November 2021, generating $5 million in yearly sales. Doug’s success has inspired him to encourage others to pursue their business ideas and dreams.
GameFace Net Worth
Doug comes in seeking $450k for a 25% stake in his firm. This implies a valuation of $1.8 million. He accept an offer from Mark and Lori of $450,000 for 35% stake plus 10% royalty thus valuing the company at $1,285,714.28.
GameFace Shark Tank Updates
The Gameface Company, founded by Doug Marshall, appeared on Shark Tank in season 4, episode 412, seeking a $450,000 investment in exchange for 25% equity in the business.
The company offers temporary face tattoos as an alternative to face painting for fans who want to show support for their favorite teams.
During the pitch, Marshall wore his own Gameface product, with the Old Glory design on his face, and brought his son and daughter to model other designs.
Marshall made a deal with Mark Cuban and Lori Greiner, who provided the company with a built-in audience of fans of Cuban’s team, the Mavericks.
As of 2023, The Gameface Company is still in business with $5 million in annual revenue. The company’s website is still online, and customers can browse their catalog of designs.
Marshall still works as the president and CEO of the company, and the appearance on Shark Tank helped the company achieve significant marketing and product sales boost.
The company’s peel-off masks became popular and profitable due to their monopoly over the product.
The company offers speaking engagements for schools and business groups and encourages customers to contact them with feedback and pictures.
Summary Table for the Gameface Shark Tank Net Worth 2023
|Founded by||Doug Marshall|
|Product||Peel-off full-face masks for sports fans|
|Appearance||Season 4, episode 12 of Shark Tank|
|Pitched for||$450,000 for 25% equity|
|Valuation offered||$1.8 million USD|
|Deal||$450,000 for 35% equity and 10% royalty with Mark Cuban and Lori Greiner|
|Net worth||$6 million USD in 2023|
|Annual revenue||$5 million USD in 2023|
|Sales prior to Shark Tank||$6,700 USD|
|Shark Tank Pitch||S4 E12|
|Sharks made a deal||Mark Cuban and Lori Greiner|
|Sales after Shark Tank||$200,000 USD in the first 10 months|
|Patents||Covers football, hockey, basketball, and other sports|
|Current status||Still in business in 2023 with $5 million USD in annual revenue|
What Happened After Gameface Shark Tank?
The GameFace Company appeared on Shark Tank in January 2013, seeking a $450,000 investment in exchange for 25% equity in the business.
Mark Cuban and Lori Greiner made a deal with Doug Marshall, the founder of The GameFace Company, for the requested amount.
Kevin O’Leary was not happy with the company’s valuation and offered a $450,000 deal, but $300,000 of it was a loan to Doug, and he also asked for a 25-cent royalty per unit sold. The deal with Mark and Lori was completed shortly afterward.
After appearing on Shark Tank, The GameFace Company achieved significant success, with annual revenues of $5 million as of 2022-2023.
The company has a net worth of around $6 million USD as of 2023. The appearance of The GameFace Company on Shark Tank helped it get a significant marketing and product sales boost.
The company’s peel-off full-face masks for sports enthusiasts who want to show off their team spirit on game day became popular and profitable due to its monopoly over the product. The GameFace Company is still in business as of November 2021.
What Was The Outcome Of Gameface Shark Tank Pitch?
Doug Marshall, the founder of The Gameface Company, appeared on Shark Tank in 2013, requesting an investment of $450,000 in exchange for a 25% stake in his business.
Marshall arrived wearing his GameFace product, which is a temporary full-face tattoo and costume mask. Lori Greiner and Mark Cuban both made offers, with Greiner offering $450,000 for 40% equity and Cuban offering $450,000 for 25% equity. Marshall accepted Cuban’s offer, and the deal was completed.
After appearing on Shark Tank, The Gameface Company received a significant marketing and product sales boost. In the first year of business, Gameface did $6,700 in sales.
In the first ten months after the first appearance on Shark Tank, sales reached $200,000, and projections for the future range from $2-20 million. As of November 2021, The Gameface Company is still in business with $5 million in annual revenue.
In a Shark Tank update in 2014, Marshall said that making a deal with Cuban and Greiner was the best thing he could have done for his company.
Cuban provided The Gameface Company with a built-in audience of fans of his team, the Mavericks. The fans were on board with Cuban’s excitement, and Gameface’s peel-off mask became popular and profitable due to its monopoly over the product.
Who Invested In The Gameface Company On Shark Tank?
The Gameface Company received investments from both Lori Greiner and Mark Cuban on Shark Tank. Doug Marshall, the founder of The Gameface Company, appeared on Shark Tank and requested an investment of $450,000 in exchange for a 25% stake in the company.
Lori Greiner and Mark Cuban completed the deal and invested $450,000 in exchange for a 35% equity stake. Another source states that Lori Greiner offered $450,000 for 40% equity.
The company has been successful since appearing on Shark Tank, with an annual revenue of $5 million as of November 2021.
How Has The Company Grown Since Appearing On Shark Tank?
Appearing on Shark Tank has been a powerful way for entrepreneurs to grow their business, as it gives them free national publicity and a chance to raise capital.
Many entrepreneurs that appeared on Shark Tank saw huge boosts in traffic, revenue, and customers, even if they didn’t get a deal with one of the Sharks.
Some of the most successful companies that got their start on Shark Tank include Scrub Daddy, Bombas, and Squatty Potty.
Scrub Daddy is widely considered the most successful Shark Tank business, making $100 million a year as of 2019.
Bombas, a sock company, made $1.2 million in sales two months after appearing on Shark Tank and was making $100 million a year as of 2019.
More than 600 companies have received investments from Shark Tank judges in the past 13 years.
Forbes analyzed roughly 380 companies that left the tank with a deal in the past 6 years and found that the most valuable Shark Tank-backed company ever is Everly Health, a telehealth and diagnostic testing company that lets customers screen for everything from STDs to food sensitivities right in their homes.
The founders of Kodiak Cakes, a line of whole grain and protein-packed pancake and waffle mixes, went on Shark Tank in season 5 looking for $500,000 in return for a 10% stake. They turned down the offer but have since grown their business into a healthcare unicorn worth $1.4 billion.
What Is Gameface And How Does It Work?
GameFace is a term used for different applications in different contexts. One of the applications is a feature in NBA LIVE 16 for Xbox One and PlayStation 4, called Game Face HD.
It is an app for Android and iOS devices that allows players to create a personalized avatar by scanning their face and uploading it to the game.
Another application of GameFace is a product from The GameFace Company, which produces full-face peel-off masks for sports enthusiasts to show their love for their favorite teams on sports days.
The mask works as an alternative to face painting and is designed to stick to the face and then rip off after usage. The company also provides temporary tattoos for those who do not want to paint their face.
Finally, GameFace is also a C++ library that powers UI in video games. Appropriately, the Unreal Engine plugin is technically named CohtmlPlugin, and all of its classes start with Cohtml.
When working in the Unreal Editor, however, the name of the product is Gameface, which is easier for users to see.
Gameface uses Unreal’s gamepad data to expose the HTML5 Gamepad API, allowing players to use a gamepad to control the UI.
Which modes of payment do they accept?
PayPal, Apple Pay, Shop Pay, iDEAL, VISA, Master Card, Maestro, and American Express are all accepted.
Is Gameface still operational?
Marshall Put on his game face and scored the game-winning goal with The Gameface Company with the assistance of Lori Greiner and Mark Cuban.
They are still in business as of November 2021, generating $5 million in yearly sales.
Who is The GameFace Company’s Founder?
Doug Marshall, a Tyler, Texas resident, created GameFace. He had a lengthy and distinguished career as a salesman in a variety of companies prior to developing this one-of-a-kind product.
How much revenue has GameFace generated?
The first year generates $6,700 in revenue, while the second year generates $102,000. GameFace does not face any competition, as their peel-apart mask is the only one available.
How much does it costs?
He sold each item wholesale for $2.50 but sold them for $5 at the retail level. Each item costs between 25 and 60 cents.
What is the annual revenue of GameFace?
GameFace has $5 million in annual revenue.
What is the worth of Gameface Company?
The company was valued at $1,285,714 at the Shark Tank.
Where is GameFace headquartered?
The company is headquartered in Tyler, Texas.
Does Gameface have competitors?
No, there are no competitors for GameFace.
What’s the net worth of The GameFace Company?
The company was valued at $1,285,714 at the Shark Tank.
What the strengths of GameFace?
The only mask of its kind, the GameFace has no competitors, and it’s a great idea to wear the face of their favourite player.
What are the weaknesses of GameFace?
The product is not yet proven as sustainable.
What’s the net worth of Doug Marshall?
Is GameFace patent?
GameFace is patent.
What did Gameface look like?
It was the face of their favourite player, ready for them to wear at games or whenever they feel like it.
How does Gameface make money?
GameFace makes money by selling each item wholesale for $2.50 but sells them for $5 at the retail level. Each item costs between 25 and 60 cents.
Who are the owners of GameFace?
GameFace is owned by Doug Marshall.