Games2U Shark Tank Net Worth
When Stuart and David Pikoff pitched Game2U on Shark Tank, they were seeking a $500,000 investment in exchange for a 10% stake in the company. This implies that the valuation of Game2U at the time was $5 million.
However, since their appearance on the show, the company’s valuation has apparently increased significantly. While the current valuation of the company is not explicitly stated, it is clear that it is higher than the $5 million valuation presented on Shark Tank.
This is not uncommon for companies to experience significant growth and increased valuations following exposure on the show, as well as other factors such as successful expansions, increased revenue, and new partnerships.
What is Games2U and Who is the Founder of Games2U?
Games2U is a company that provides mobile entertainment services for events like children’s birthday parties, workplace events, or charity events.
They bring a truck loaded with a variety of games and activities, including mobile video game theaters, 4D ride experiences, giant hamster balls, laser tag, and a massive “Ubot” robot that can be controlled.
Founded in 2006 by brothers Stuart and David Pikoff, Games2U was born out of the idea of creating a comprehensive party experience for both children and adults.
Stuart, who graduated from the University of Arizona and worked in the real estate industry, serves as the CEO of the company, while David, a graduate of St. Edwards University with a similar background in real estate development, serves as a director of the corporation.
The brothers came up with the concept of Games2U when they noticed a gap in the market for children’s entertainment that catered to modern interests like computer games and outdoor activities.
They recognized that renting a venue for these activities could be expensive for parents, so they decided to create a business that brought everything to the customer’s own backyard.
Games2U started with just one truck, but their plan was always to expand and offer franchise opportunities. They offer over 20 different games and activities for people of all ages, making them a popular choice for events of all kinds.
Games2U Shark Tank Pitch
Brothers Stuart and David Pikoff appeared on season 2 episode 7 of Shark Tank, seeking a $500,000 investment for a 10% stake in their mobile entertainment company, Games2U, which was valued at $5 million.
Stuart mentioned to Kevin that their sales were impressive, as the company had made around $3.5 million the previous year (2010), with projected earnings of nearly $5 million in the current year.
At the time of airing, Games2U had sold 140 franchises in 28 states, with a franchisee investment of approximately $150,000 and a monthly royalty fee of 6% with a minimum of $1,000.
However, Kevin was unhappy with the low-profit margin and was taken aback by the company’s valuation. Daymond withdrew from the investment opportunity, while Barbara and Jeff declined due to potential R&D expenses and high costs for the average household, respectively.
Robert felt that Games2U could only make more money if they developed new products and exited the pitch. Kevin made an offer of $500,000 for a controlling 51% stake, but the brothers declined, instead proposing $500,000 for 25% ownership, which Kevin refused.
Despite leaving Shark Tank without investment, Games2U went on to expand to over 150 franchises across the US, with a master franchise in Canada and franchisees in seven Middle Eastern countries.
The company is headquartered in Austin, Texas, and has been exploring franchise opportunities in Australia, South Africa, and Europe. In 2012, Games2U was ranked 24th on the Entrepreneur Magazine Franchise 500, and as of January 2022, the company had annual sales of $9 million and over 140 franchisees.
Games2U Shark Tank Updates
Games2U is a mobile video game franchise business started by brothers Stuart and David Pikoff. They appeared on Shark Tank in season 2, episode 7, on April 29, 2011, and seeking $500,000 for 10% of their games truck franchise.
When they appeared on Shark Tank, Games2U grossed $3.5 million yearly but earned $125,000. However, they did not get a deal with the Sharks.
Since appearing on Shark Tank, Games2U has grown to over 150 franchises in the USA, with a master franchise in Canada and franchises in seven Middle Eastern countries. They are also exploring franchising in Australia, South Africa, and Europe. As of 2022, the net worth of Games2U is $9 million.
During their update segment in season 4, episode 405, they had sold 165 franchises around the country and were already starting to develop markets in seven other countries around the world.
They have continued to develop more unique games for their parties, including the Candy Cannon and the U Launcher that can send a water balloon soaring over 90 yards.
Games2U Shark Tank Pitch and Net Worth
| Founders | Stuart and David Pikoff |
| Year Founded | 2006 |
| Headquarters | Austin, Texas |
| Shark Tank Episode | Season 2, Episode 7 |
| Industry | Mobile entertainment |
| Valuation (at Shark Tank) | $5 million |
| Investment sought (at Shark Tank) | $500,000 for a 10% stake |
| Sharks | Kevin made an offer but the brothers declined |
| Current Net Worth | $9 million |
| Franchises | Over 140 in the USA, Canada, and the Middle East |
| Competitors | None Identified |
What is the Net Worth of Games2U?
Pikoff Stuart and David Pikoff pitched Shark Tank in search of $500,000 for a 10% stake in Game2U. This suggests a $5 million valuation.
The current valuation of the Company is evidently higher compared to one on the Shark Tank.
Who are the Competitors of Games2U?
There are no competitors identified for Games2U.
Games2U FAQS
What Is Games2U Shark Tank?
Games2U is a mobile video game franchise business that provides a complete party experience for all ages. It was founded by brothers Stuart and David Pikoff in 2008.
Games2U appeared on Shark Tank in season 2, episode 206 on April 29, 2011, and had an update segment in season 4, episode 405.
During their pitch, the Pikoff brothers shared that they were doing $3.5 million in gross sales per year, while only netting $125K. They were seeking an investment of $500,000 for 10% equity in return. However, Daymond and Barbara did not invest in the company.
Despite not getting a deal from the sharks, Games2U continued to grow. As of 2022, it has over 140 franchise locations and generates $9 million in annual revenue.
Games2U is the largest provider of mobile entertainment in the world, offering a variety of games, activities, and robots to customers. These include interactive video game theaters, laser tag, giant-sized robots, life-size hamster balls, and more.
Games2U specializes in birthday parties and provides mobile video game theaters, 4D experiences, giant hamster balls, and laser tag on trailers and trucks to customers’ locations.
Games2U remains in business with an active website and headquarters in Austin, Texas. It has grown to over 150 franchises in the USA, a master franchise in Canada, and franchises in 7 Middle Eastern countries.
Games2U is also exploring franchising in Australia, South Africa, and Europe. The estimated net worth of Games2U is $9 million as of 2022.
How Does Games2U Shark Tank Work?
Games2U is a mobile video game franchise business that appeared on Shark Tank in season 2, episode 206 on April 29, 2011, and had an update segment in episode 405 in season 4.
The company provides a complete party experience for all ages, including video game trucks, laser tag equipment, human hamster balls, and a 20-foot mega screen.
During their Shark Tank pitch, the Pikoff brothers were doing $3.5 million in gross sales per year, while only netting $125K.
They had sold 140 franchises in 28 different states, and franchisees paid $100K upfront, plus a 6% royalty. However, no deal was made between Games2U and the Sharks.
Since appearing on Shark Tank, Games2U has grown to over 150 franchises in the USA, with a master franchise in Canada and franchises in seven Middle Eastern countries.
The company is also exploring franchising in Australia, South Africa, and Europe. As of 2022, Games2U generates $9 million in annual revenue, and its net worth is $9 million.
What Happened To Games2U After Shark Tank?
Games2U is a mobile video game franchise business started by brothers Stuart and David Pikoff. They appeared on Shark Tank in season 2, episode 206 on April 29, 2011, and season 4, episode 405, with a feature on game updates.
During their pitch, they shared their sales figures of $3.5 million annually, while only netting $125K. The Pikoff brothers were seeking an investment of $500,000 for 10% equity in return. However, they did not secure a deal with any of the Sharks.
Despite not getting a deal from the Sharks, Games2U continued to grow its business. As of 2023, Games2U has over 150 franchise locations in the United States, a master franchise location in Canada, and franchise locations in seven Middle Eastern nations.
They are still in business with an active website and headquarters in Austin, Texas. Games2U generates $9 million in annual revenue as of 2022.
They have continued to develop more unique games for their parties, including the Candy Cannon and the U Launcher that can send a water balloon soaring over 90 yards.
Is The Games2U Shark Tank Still In Business?
Yes, Games2U is still in business as of April 2023. Games2U is a mobile video game franchise business that provides a complete party experience for all ages.
The company was founded by brothers Stuart and David Pikoff and appeared on Shark Tank in season 2, episode 206 on April 29, 2011, and season 4, episode 405.
During their pitch, the Pikoff brothers shared their sales figures of $3.5 million annually. As of January 2023, the company has an annual revenue of $9 million and over 140 franchises.
Although the Pikoff brothers did not secure a deal with the Sharks, Games2U continued to operate and grow.
Since appearing on Shark Tank, Games2U has expanded to over 150 franchise locations in the United States, a master franchise location in Canada, and franchise locations in seven Middle Eastern nations.
The company is still the number one provider in the mobile video game franchise business. The franchise system is at the heart of the economic concept, and the Pikoff brothers are still doing an excellent job growing their business from the ground up.
They have continued to develop more unique games for their parties, including the Candy Cannon and the U Launcher that can send a water balloon soaring over 90 yards.
What Is The Current Valuation Of Games2U After Shark Tank?
The current valuation of Games2U after Shark Tank is not explicitly stated in the search results. However, the company’s valuation during its Shark Tank appearance is mentioned in all three sources.
When Stuart and David Pikoff pitched Games2U on Shark Tank, they were seeking a $500,000 investment in exchange for a 10% stake in the company, which implies that the valuation of Games2U at the time was $5 million.
Also states that the valuation of Games2U was $5 million when it appeared on Shark Tank.
Although the current valuation is not mentioned, reports that as of January 2022, Games2U had annual sales of $9 million and over 140 franchisees.
The company has also expanded to over 150 franchises across the US, with a master franchise in Canada and franchisees in seven Middle Eastern countries. Games2U is headquartered in Austin, Texas, and has been exploring franchise opportunities in Australia, South Africa, and Europe.
In summary, the current valuation of Games2U after Shark Tank is not provided in the search results. However, the company’s valuation during its Shark Tank appearance was $5 million, and as of January 2022, Games2U had annual sales of $9 million and over 140 franchisees.
Who are the CEO and CFO of Games2U?
Stuart Pikoff takes the role of the CEO of Games2U. The CFO is David Pikoff.
How much does it cost to become a Franchisee for Games2U?
The initial investment for becoming a franchisee with Games2U will be $150,000.
Who founded Games2U?
The founder of Games2U is the brothers David and Stuart Pikoff.
How much were they seeking in the Shark Tank?
The Pikoff’s were seeking $500,000 for a 10% stake in their company.
Did Games2U make a deal with the Sharks in the Shark Tank?
Games2U was not able to secure an investment from any of the Sharks because of the high valuation they were seeking.
Does Games2U have an app or online platform?
Games2U does not have a mobile application at this time. The company focuses on bringing fun and games to their door step.
Is Games2U still in business?
The firm is still in operation, with an active website and offices in Austin, Texas.
They are still the number one supplier in this business model, and their games and activities are continually expanding.
What is the website of Games2U?
The website of Games2U is www.g2u.com.
Can they buy Games2U products online?
They cannot purchase anything directly on the website, but they can place an order for a party that will be brought to their doorstep. There are no direct purchases on their website.
How much does it cost?
Their rates are determined by a variety of criteria, including the games they choose and the length of their event.
Is there an age limit?
No. Games2U has more amazing games than anybody else and can provide activities for people of all ages.
Do parents have to supervise?
No. Their Games2U activities are handled by professional Game Coaches who are there to ensure the safety of their players and the success of their event!
Do they need to plug in for electricity?
Normally, no. Their video game trucks are powered by on-board generators, and all of their other equipment is fully charged prior to the event.
If a power source is required for their event, they will be informed at the time of booking.
How many players do their games accommodate?
They can have as many as they want! They are equally at ease entertaining a group of ten or catering to an event with hundreds of participants.
They have the activities to make any event a success, regardless of its size or scope!
What video games are available on their game trucks?
They are, at heart, gamers, and their present games are always changing. They may, however, be guaranteed that they will arrive with the greatest and most recent games available.
Can they choose the video games that are used on their game trucks?
When students come for their event, their game coaches will be pleased to review the games that are currently available, and they recognize that parents may choose to only use particular games from their catalog.
Are their events always outdoors?
No. The majority of their equipment may be utilized both indoors and outside if there is enough room.
Do they need a lot of space for games like Laser Tag?
They may set up in a variety of front and backyards, cul-de-sacs, neighbourhood parks, and school yards.
They’re adept at transforming their environment into a tough battleground!
Are the laser tag guns safe? Can they hurt a player’s eyes?
Laser tag guns from Games2U are completely safe and do not affect the eyes.
What if it’s bad weather? Do they have a cancelation policy?
Games2U events take place rain or shine, and they will only cancel an event if they consider the conditions are unsafe for the players or their equipment.
What is net worth of Stuart Pikoff?
Stuart Pikoff’s net worth is unavailable.
What is net worth of David Pikoff?
David Pikoff net worth is $100,000.
