Gladiator Lacrosse Shark Tank Net Worth 2023
Rachel’s company, Gladiator Lacrosse, has had a remarkable journey since being valued at $666,667 during and after the pitch.
As of January 2023, the company has an estimated net worth of over $5 million and is still selling products to many retailers due to Rachel’s Princeton student status and her appearance on the Forbes 30 Under 30 list.
Consumers can visit their website and browse the vast range of available products, as well as purchase them from Amazon.
What Is Gladiator Lacrosse? Who Is The Founder Of Gladiator Lacrosse?
Gladiator Lacrosse manufactures lacrosse equipment such as rebounders, training nets, and cleats, which are used by lacrosse players to improve their skills. The company has a significant market share on the East Coast but aims to expand beyond that region.
In 2012, Rachel Zietz, a 15-year-old lacrosse player and entrepreneur, founded Gladiator Lacrosse. She participated in the Young Entrepreneurs Academy Program, which is co-sponsored by Florida Atlantic University and Boca Raton Chamber of Commerce.
Rachel’s coaches advised her, like other players seeking to improve their game, to practice “wall ball” and hone her shooting skills as much as possible. However, the equipment she used in her backyard was either not durable enough to withstand the elements or too expensive.
In 2012, Gladiator Lacrosse was established by Rachel Zietz, a 15-year-old entrepreneur and lacrosse player. Zietz, who was very competitive in lacrosse, founded her company at the age of 13 after participating in The Young Entrepreneurs Academy in Boca Raton.
Zietz wanted to create a business that would offer top-notch lacrosse equipment at an affordable price, and that’s how Gladiator Lacrosse came into existence. To start her venture, she invested $2,700 of her own money.
Like many other inventors, she came up with her product to meet a specific need. As lacrosse players have to practice throwing and catching the ball continuously, she bought and used a “rebounder,” a stiff net that bounces the ball back to the player.
However, she discovered that many of these “rebounders” were poorly constructed and broke after just a few months of use.
Rather than continuing to waste money on subpar products, she decided to create her own high-quality and less expensive product.
Today, Gladiator Lacrosse rebounders are widely available on Amazon and cost approximately $160, which is similar in price to other comparable products.
What Happened To Gladiator Lacrosse At Shark Tank Pitch?
Rachel Zietz, a 15-year-old lacrosse enthusiast, founded Gladiator Lacrosse to create a better training tool for herself. In an episode of Shark Tank, she hopes to secure a mentor and agent to help manage her company’s remarkable growth. Rachel requests a $100,000 investment in exchange for a 15% stake in her firm, which is valued at $666,666.
Although impressed by her sales figures, the Sharks are skeptical about her product’s market appeal. Rachel showcases her Rebounder and goal, and Daymond John successfully scores a goal before opting out.
When Rachel reveals her age, the Sharks are surprised and start asking questions. She responds confidently, explaining that she started the company with a $30,000 loan from her parents at the age of 12, which she has since repaid.
In less than two years, she has increased her sales to $340,000 and has already hired someone to handle customer service, order fulfillment, and day-to-day operations.
Rachel aims to use the investment to boost her online and retail sales, build a sales team, and improve her marketing efforts.
Although impressed by her passion and promise, Kevin O’Leary expresses doubt about her ability to lead the company due to her age and other obligations. He eventually decides not to invest.
Mark Cuban admires Rachel’s efforts but admits to knowing nothing about lacrosse, so he opts out. Robert Herjavec believes that Rachel does not need the investment at this stage and exits the deal.
Daymond John is interested in what Rachel would do without the investment, and she explains that she would reinvest in and develop the company. However, he ultimately decides not to invest, citing a lack of value for the stake.
Lori Greiner also admires Rachel’s efforts but opts out because she lacks expertise in the lacrosse industry. Ultimately, Rachel leaves the pitch without securing a deal, despite the Sharks’ admiration for her hard work and entrepreneurial spirit.
What Happened To Gladiator Lacrosse After Shark Tank?
Rachel has been able to grow her sales and company, even without a Shark partner. Walmart is currently in discussions with her to expand her sales within their retail giant, and she hopes to earn $2.5 million in income next year.
The success of her firm can be attributed, in part, to her longstanding connections with sponsor and spokesperson Casey Powell. With or without a Shark deal, it seems that Rachel has a winning business.
Rachel is a young and promising entrepreneur who purchased All Ball Pro in 2019. All Ball Pro is a company that produces sports balls for professional and collegiate lacrosse teams across the United States.
In 2020, Rachel was recognized as a Forbes 30 under 30 contender, and she is currently a Princeton student expected to graduate in 2022. Her company is currently valued at $5 million as of January 2022.
Net Worth of Gladiator Lacrosse
The company was valued at $666,667 during and after the pitch. As of January 2022 the company has an estimate net worth of over $5 million.
Gladiator Lacrosse FAQs
What is Gladiator Lacrosse?
Gladiator Lacrosse is an equipment manufacturer that creates lacrosse rebounders, training nets, and lacrosse cleats.
The products are used by lacrosse players to enhance their skill-sets. The firm has a significant market share on the East Coast and plans to expand beyond that region.
Who owns Gladiator Lacrosse?
Gladiator Lacrosse was started in 2012 by Rachel Zietz, a 13-year-old entrepreneur and lacrosse player.
How much was seeking on Shark Tank?
Rachel was seeking for $100,000 for 15% stake of her company.
Did she have the deal?
No, she didn’t have the deal from Shark Tank.
Is Gladiator Lacrosse still in business?
Gladiator Lacrosse is a flourishing business as of June 2020. The official objective of the 2018 FIL World Championships in Netanya, Israel, was to achieve this.
Rachel has remained CEO and has hired Casey Powell, a world-class brand ambassador and professional lacrosse player, to assist her promote the firm.
What is the return policy for Gladiator Lacrosse rebounders and goals?
If the item purchased has not been used, it may be returned to them for a refund of the purchase price within 30 days of the date of purchase.
Is there anything you can’t ship your Lacrosse equipment to?
No, Gladiator Lacrosse Goals and Rebounders are not limited to any specific location; however, they do not ship to P.O. Boxes.
They ship anywhere in the United States as well as anyplace else in the world, however please keep in mind that shipping outside of the United States will be more expensive.
How difficult is it to put Gladiator Lacrosse up?
Both the Gladiator Lacrosse Official Backyard Lacrosse Goal and the Gladiator Lacrosse Rebounder come with a set of instructions (or pitch back). Because of the snap and click bars, these two goods are quite simple to assemble. Furthermore, the stringing of the goal, which may take a little longer, is designed to last and provide a robust goal.
What is the official size of a Gladiator Lacrosse goal?
The official dimensions of a Lacrosse goal are 6 feet by 6 feet/72 inches x 72 inches.
Is there a distinction between a Gladiator Lacrosse rebounder and a pitch back?
No, a lacrosse rebounder is frequently referred to as a pitch back, and vice versa. Both of these names relate to the same thing. One item is the Gladiator Lacrosse Rebounder (or pitch back).
What is the policy regarding faulty Gladiator Lacrosse equipment?
Gladiator Lacrosse stands by all of its items when used properly. Every item returned due to a fault must be accompanied by proof of purchase that includes the date of purchase.
Gladiator Lacrosse will replace the faulty lacrosse goal or lacrosse pitch back with the exact same merchandise. If the product is no longer available, we will upgrade you at no cost if we no longer stock that item.
Where Rachel Zietz did went to college?
Rachel, a Pine Crest “lifer,” juggled being a student-athlete, graduating with honors, an entrepreneur, and a speaker, most recently addressing students at Harvard University.
Where is Rachel Zietz these days?
Now a sophomore and captain of Princeton’s undefeated club lacrosse team, she manages a full-fledged lacrosse equipment firm with revenue of $7 million in 2020.
A purchase in 2018 enabled her to diversify into professional rebounders, which she sells to institutions such as Harvard, Yale, Brown, and Georgetown.
What is the net worth of Rachel Zietz?
As of January 2022, her net worth is estimated at $5 million.