Jump Forward Shark Tank Net Worth 2023
The company was valued at around $1.2 million by Kevin O’Leary and Robert Herjavec when it appeared on Shark Tank in 2012.
Since then, the company has grown significantly. It now serves more than 150 college athletic departments and boasts a 99% annual subscription renewal rate.
As of 2021, Jump Forward has over 20k coaches, 350+ institutions, 255k+ student-athletes, and 16 million recruiting profiles.
The major source of income for Jump Forward is the subscription fee that they charge to universities for their annual plan and advertisement.
There is no information available on Jump Forward’s net worth in 2023. However, given its growth trajectory over the past few years, it is possible that its net worth will continue to increase.
What is Jump Forward? Who is the founder of Jump Forward?
Jump Forward is a technology company that operates online and on mobile platforms. It offers a platform for student-athletes to create profiles showcasing their educational goals, athletic achievements, interests, and talents.
The company was founded by Brian Duggan and Adam McCombs, who both hail from Minnesota. Duggan graduated from Burnsville High School, while McCombs is a native of Apple Valley. Together, they manage the business, which is used by more than 150 university athletic departments.
Jump Forward collaborates with colleges and sports programs, providing tools that players, trainers, and coaches use to identify and recruit top-performing athletes.
McCombs’ experience as a former soccer player inspired him to create a more efficient system for high school and college recruitment, which eventually led to the development of Jump Forward.
With a technical background and two CCIEs earned while working at Cisco for over eight years, McCombs had the idea but needed someone with financial expertise, which he found in Duggan.
Before joining Jump Forward, Duggan worked as an investment banker and auditor, bringing valuable financial knowledge to the company.
Jump Forward has emerged as a leading company for student-athletes in the United States, with an impressive 99 percent yearly membership renewal rate.
Jump Forward Shark Tank Pitch
In Season 1, Episode 10 of Shark Tank, Brian Duggan and Adam McCombs pitched their company, Jump Forward, to the Sharks.
They offered the Sharks a unique collaboration opportunity through their website, which allows coaches to study athlete profiles and contact them directly.
They were seeking a $150,000 investment in exchange for a 10% stake in their company, which was valued at $1.5 million.
The universities pay a membership fee to the site in order to host the student profiles, and sales had been quite good, with $150,000 sold in three months. Duggan anticipated revenues of $15-20 million, but with Shark’s backing, the firm might achieve $35 million.
Barbara Corcoran felt that technology businesses were too risky and declined to make an offer, as did Kevin Harrington.
Daymond John thought the couple was “too intelligent” for him. Three Sharks stepped down, leaving Kevin O’Leary and Robert Herjavec as the couple’s only hope for a deal.
O’Leary offered $200,000 in exchange for 20% ownership of the company, which Herjavec later raised to $600,000 for 50% equity.
The couple declined and instead asked for $200,000 for a 16% equity stake, as they wished to retain some stock to provide equity to future employees.
Herjavec offered $500,000 for 50% ownership, which the couple still hesitated to accept. Herjavec then raised his offer to $600,000 for 50% equity shares.
McCombs counter-offered with $300,000 for a 25% share or $750,000 for a 50% stake, but Herjavec and O’Leary remained firm with their $600,000 offer for 50% equity shares.
Finally, the couple accepted the offer and walked away with $450,000 more than they asked for. However, the deal was never finalized after a prolonged negotiation during the pitch, and the two men left the pitch with a deal.
Jump Forward has since created an app to complement its web-based business and presently serves over 150 collegiate sports departments with a subscription renewal rate of 99%.
The company was purchased by Active Network in May 2016 for an unknown sum.
As of July 2021, Brian is the creator and CEO of Livly, while Adam is the Chief Product Officer of Vantaca, LLC. Jump Forward’s estimated annual revenue is $4.8 million, which is expected to rise in 2021.
Net Worth of Jump Forward
The company was valued at $1.5 million during the pitch. In 2021 the company has a net worth of $1.2 million.
Jump Forward Shark Tank Updates
Jump Forward is a website and mobile app that streamlines the process of recruiting high school athletes for colleges.
In Season 1 Episode 10 of Shark Tank, Brian Duggan and Adam McCombs appeared on the show seeking $150,000 for 10% of their online athletic recruiting platform. However, the deal never closed.
Since appearing on Shark Tank, Jump Forward has performed very well. The company now services over 150 college athletic departments and boasts a 99% annual subscription renewal rate.
As of 2021, Jump Forward has over 20,000 coaches, 350 institutions, 255,000 student-athletes, and 16 million recruiting profiles. The company has also developed an app to go along with its web-based platform.
In terms of valuation, Jump Forward was valued at around $1.2 million by Kevin O’Leary and Robert Herjavec during the Shark Tank episode. However, as of 2022, the net worth of Jump Forward is $5 million.
The final deal that was agreed upon by Kevin O’Leary and Robert Herjavec was $600,000 for 50% equity in Jump Forward.
In 2016, Jump Forward was acquired by Active Network for an undisclosed amount. Overall, Jump Forward has experienced significant growth and success since appearing on Shark Tank, despite not closing the deal with the Sharks.
Jump Forward Shark Tank Table Summary:
| INFORMATION | SUMMARY |
| Company Valuation | $1.5 million during the pitch in Shark Tank (2012) |
| Net Worth in 2021 | $1.2 million |
| Revenue | Estimated annual revenue of $4.8 million as of 2021 |
| Services Provided | Online and mobile platforms for student-athletes to create profiles |
| Founders | Brian Duggan and Adam McCombs |
| Major Source of Income | Subscription fees charged to universities for annual plans and advertising |
| Current Status | Servicing over 150 college athletic departments with a 99% annual renewal rate |
| Valuation on Shark Tank | $1.5 million |
| Offer from Sharks | $600,000 for 50% equity |
| Customers | 150+ university athletic departments |
| Coaches | Over 20,000 |
| Institutions | 350+ |
| Student-athletes | 255,000+ |
| Recruiting profiles | 16 million |
| Subscription renewal rate | 99% |
Jump Forward FAQs
What Is Jump Forward, Founder, How Does It Work?
Jump Forward is a web-based communications system that allows student-athletes and schools to connect. It was founded in 2008 by Adam McCombs, a former Cisco System Product Manager, and Brian Duggan, a strategic advisor.
Jump Forward provides student-athletes with a platform to create profiles showcasing their skills, interests, and accomplishments.
The company also works with universities and athletic programs to provide sports strategy and help identify the best athletes and coaches among thousands of possible candidates.
Jump Forward uses data analytics technology to provide a platform for department personnel to connect with one another, communicate with student-athletes, or recruit prospective student-athletes via web, mobile, or tablet.
The company has developed an app to go along with its web-based platform. Jump Forward services over 150 college athletic departments and boasts a 99% annual subscription renewal rate.
In 2016, Jump Forward was acquired by Active Network for an undisclosed amount. As of July 2021, Brian Duggan is the founder and CEO at Livly, and Adam McCombs is the Chief Product Officer at Vantaca, LLC.
The deal with the Sharks never closed, but the investment from Kevin O’Leary and Robert Herjavec aided Jump Forward’s growth.
What Happened To Jump Forward After Shark Tank Pitch?
Jump Forward is a software company that helps athletic departments, coaches, and student-athletes operate more efficiently and communicate better.
The company was founded by Brian Duggan and Adam McCombs, who recognized a need for a streamlined process by which colleges recruit high school athletes into their programs. In 2016, Jump Forward was acquired by Active Network for an undisclosed amount.
Since the acquisition, both co-founders have left the company. As of July 2021, Brian Duggan is the founder and CEO at Livly, and Adam McCombs is the Chief Product Officer at Vantaca, LLC.
Jump Forward has continued to perform well and has developed an app to go along with its web-based platform. The company now services over 150 college athletic departments.
The valuation of Jump Forward was $1.5 million when it appeared on Shark Tank, and its net worth is now $5 million as of 2022. The Shark Tank pitch of Jump Forward was successful, with Kevin O’Leary and Robert Herjavec agreeing to invest $600,000 for 50% equity in the company.
Although there was no discussion of Jump Forward being the greatest or worst on Shark Tank, Brian Duggan accepted the offer despite his reluctance.
Competitors of Jump Forward?
Jump Forward is a company that provides recruiting and compliance software solutions for collegiate athletic departments. Jump Forward’s competitors include Arms, Front Rush, and Teamworks.
There are several alternatives to Jump Forward, including Wisenet, Ellucian Banner Student, PeopleSoft Campus Solutions, LeagueApps, TeamSnap, SportsSignup Play, JoomSport, LeagueRepublic, and Tourney Machine.
Wisenet is a student management system that provides a range of features, including admissions, enrolment, timetabling, and reporting. Ellucian Banner Student is a student information system that provides features such as registration, grading, and degree audit.
PeopleSoft Campus Solutions is a suite of applications that includes student records, financial aid, and student financials.
LeagueApps is a sports league and club team management software that helps automate administrative tasks such as registrations, payments, schedules, and communications.
TeamSnap is a sports team management software that provides features such as scheduling, availability, and communication.
SportsSignup Play is a sports league management software that provides features such as online registration, scheduling, and communication. JoomSport is a sports league management software that provides features such as fixtures, results, and statistics.
LeagueRepublic is a sports league management software that provides features such as fixtures, results, and statistics. Tourney Machine is a sports tournament management software that provides features such as scheduling, scoring, and standings.
How Much Was Jump Forward Asking On Shark Tank?
Jump Forward is an online athletic recruiting service that appeared on Shark Tank seeking $150,000 for 10% of their company.
During the pitch, McCombs named several well-known sports champions and explained that they were all overlooked during the college recruiting process. Duggan added that the Jump Forward site emphasizes that, with Shark support, the company could reach $35 million.
The Sharks offered $200,000 for 20% equity and $300,000 for 35% equity. Kevin O’Leary and Robert Herjavec ended up partnering up and offering $600,000 for 50% equity.
Jump Forward’s valuation was $1.5 million when it appeared on Shark Tank. The net worth of Jump Forward is $5 million as of 2022.
Since appearing on Shark Tank, Jump Forward has improved and now serves in more than 150 college athletic departments and boasts a 99% annual subscription renewal rate.
In the end, the founders of Jump Forward were offered $600,000 for a 50% stake in the business, which was $450,000 more than they had initially requested.
Did Jump Forward Have The Deal?
Tank with Kevin O’Leary and Robert Herjavec for $600,000 for 50% equity in the company. However, the deal did not close.
Despite this, Jump Forward has performed well since appearing on Shark Tank, with over 150 college athletic departments using their software and a 99% annual subscription renewal rate. As of 2022, the net worth of Jump Forward is $5 million.
How Much Did The Sharks Offer to Jump Forward?
Jump Forward appeared on Shark Tank seeking $150,000 for 10% of their online athletic recruiting service. During the pitch, Brian Duggan and Adam McCombs explained that the Jump Forward site emphasizes that, with Shark support, the company could reach $35 million.
They also added that the company owns a patent on the mobile application, which contains proprietary software that ensures coaches are following the complex compliance rules.
Kevin O’Leary offered the entrepreneurs $200,000 for 20% equity, while Robert Herjavec offered $300,000 for 35% equity. Kevin and Robert then partnered up and offered $400,000 for a 50% stake.
Brian and Adam wanted to keep some equity to offer to future employees but ended up agreeing and left Season 1 after accepting $600,000 for 50%. However, the deal never closed.
Is Jump Forward Still In Business?
Jump Forward is still in business. Jump Forward is a mobile and digital technology provider that enables student-athletes to create profiles that detail their educational aspirations, athletic achievements, interests, experiences, skills, and academic achievements.
The company was founded in 2008 by Adam McCombs, a former Cisco System Product Manager.
Jump Forward provides services to more than 150 college athletic departments and boasts an annual subscriber renewal rate of 99.99 percent. In 2016, Active Network acquired Jump Forward for an undisclosed amount.
Both co-founders, Brian Duggan, and Adam McCombs, have since left the company. Adam McCombs is currently working as Chief Product Officer at Vantaca LLC. Brian Duggan is the founder and CEO at Livly.
Despite the departure of its co-founders, Jump Forward continues to operate and provide services to college athletic departments. Jump Forward’s current revenue is $4.8 million, and it is expected to increase in 2023.
What is the Jump Forward worth today?
In July 2021 the company is valued at $1.2 million.
How does Jump Forward make money?
The firm makes money from university membership fees. They also generate revenue from the sale of advertising on their web platform.
Where can I find Jump Forward?
Jump Forward’s headquarters are in Chicago State, Illinois, 60607, United States of America.
How Does Jump Forward Work?
This is a chance for overlooked high school athletes to showcase their abilities through the recruitment process. They can post sport-related videos, profile images, associated papers, and talent-related materials.
Is Jump Forward a scam?
All the reviews on the web suggest that this service is legit and it is effective.
How long has Jump Forward been in business?
The firm has been in business since 2016.
Is Jump Forward based in Singapore? Why?
No, the firm headquarters is in Chicago, Illinois, United States of America. They do not have any other branches outside Chicago.
What are the products of Jump Forward?
The firm offers a membership platform for high school and collegiate athletes to showcase their skills for recruiters.
They also provide coaches with coaching advice. They also provide videos and feedback on an athlete’s performance to coaches.
How can I find out more about Jump Forward?
Customers can visit the company’s official website at: jumpforward.com or customers can find them on Facebook, Twitter, Google+, Instagram, and LinkedIn.
What is the net worth of Adam McCombs?
Adam McCombs’s net worth is estimated at $950,000.
What is the net worth of Brian Duggan?
Brian Duggan’s Net Worth is estimated at $ 850,000.
