Prank-O Shark Tank Update| Prank-O after Shark Tank
What is Prank-O? Who is the founder of Prank-O?
Prank-O is a company that sells empty gift boxes with fake, absurd “items” printed on the outside in the style of internet infomercial products.
These boxes are intended to confuse and entertain the person receiving the gift. The company was founded by Arik Nordby, Ryan Walther, and Ryan Dolan, who were already business owners before creating Prank-O. They created the company under the name 30 Watt, which bills itself as an “alternative comedy goods company.”
The company’s main product is their Prank Packs. The company name and website (RynArik.com) are a combination of the founders’ first names.
What Happened to Prank-O at Shark Tank pitch?
In episode 10 of season 11 of Shark Tank, Arik Nordby and Ryan Walther presented their company, RynArik (formerly known as Prank-O), which sells prank gift boxes.
They asked for $75,000 in exchange for a 15% stake in the company. During the pitch, they brought in boxes of the “items” and revealed that they were empty, then presented the real company, Prank-O, and their offer of $640,000 for an 8% stake in the company at a $8 million valuation.
They also revealed that they had made $10 million in sales since 2013, but were $1 million in debt. Barbara, Daymond, and Lori all decided not to invest due to the debt and the fact that it was a seasonal company.
Mark Cuban agreed to invest $640,000 in exchange for 25% of the company’s shares, and Kevin O’Leary offered $640,000 in exchange for a perpetual royalty of 38 cents on every unit, but no equity. Arik and Ryan accepted Mark’s offer and left the pitch with a deal.
What Happened to Prank-O after Shark Tank?
The deal with Mark never finalized after the Shark Tank show. Even throughout the epidemic, the firm remained in business with gag boxes. They have a redesigned Amazon shop with yearly revenues of $6 million as of November 2021.
Net Worth of Prank-O
The company was valued at $8 million during the pitch, following its exposure on the show, the firm developed fast to an estimated net value of more than $25 million in 2021.
Prank-O FAQs
What is Prank-O?
Prank-O is an empty gift box that tries to confuse and amuse: your pick of several far-fetched “items,” displayed on a box with cheesy images and clichéd writing in the manner of internet infomercial channel products.
Who is the founder?
Arik Nordby, Ryan Walther, and Ryan Dolan are the founders of the firm. Arik Nordby was in charge of operations while Ryan Walther was in charge of marketing during the Shark Tank Show.
How much were asking on Shark Tank?
They were asking $640,000 for 8% stake of their company.
Did they have the deal?
Yes, they did have the deal with Mark Cuban.
How much was the deal?
Mark Cuban offers $640,000 for 25% equity shares of the company, but they never finalized the deal.
Is Prank-O still in business?
Yes, they were still in business after being featured on the show.
What was the revenue estimate?
Their estimate was $6 million.
Where can I buy Prank-O?
They sell their products on their official website, rynarki.com.
Was there a second product?
There was no second product introduced to the Sharks on the pitch.
What were the products on the Prank-O pitch?
They were selling fake items that included gag gifts as well as “alternative comedy goods.” They were selling such things as a dog with a bucket on his head, a farting unicorn and other items that had nothing to do with humor or edutainment.
Is Prank-O scam?
No, they are not. They have an official website and can be easily accessed on Amazon.
How many people work in the company?
They had 4 employees when they went to the Shark Tank and aired on the show.
How is the business model of Prank-O?
Prank-O is a firm that sells prank boxes that contain humorous and silly items.
Are there any social media pages for Prank-O?
Yes, they have a Facebook page that has more than 1 million likes and followers as of November 2021.
Is Prank-O Safe?
Yes, it is safe. It is a prank gift box for the prank lovers out there.
What does Prank-O mean?
Prank-O is an empty box that has “fake” products on its outside. The idea of this company was to introduce people to their prank boxes that are filled with silly products inside such as a “naughty” teddy bear or a farting unicorn toy.
Is Prank-O profitable?
Yes, it is Profitable because they have a lot of loyal customers.
What are the strengths of Prank-O?
Their product is safe and unique. The owners have a lot of experience selling their product. They have other products that they sell apart from the boxes, so they are much focused.
What are the challenges Prank-O faces?
Prank-O does not have enough capital to start new businesses in their marketing strategy and distribution plan for the future. Their sales strategy is still being developed.
What are the future plans of Prank-O?
They plan to start off their new firm with a new name, and they want to focus on the digital platform. They are also planning to reduce the stock items, increase the revenue streams, and focus on producing high-quality content.
How do you contact Prank-O?
Customers can contact them through their website or social media pages.
Why choose Prank-O?
It is an official product that can be bought from official websites such as Amazon and LinkedIn or even in retail stores.
Is Prank-O good for investment?
Yes, it is. It has a lot of customers and Facebook followers.
Are there any discounts or coupons?
There are no available discount coupons and other promo codes as of November 2021.
What is the price range of Prank-O?
The prices start at $8 to $14 depending on the products. The more they buy, the greater their price discounts.
What is the return policy of Prank-O?
They have a 14-day money back guarantee if customers are not satisfied with their products.
What is the net worth of Arik Nordby?
Arik Nordby is one of the founders of Prank-O. His net worth is not disclosed, but he was the chief operations manager during the Shark Tank Show.
What is the net worth of Ryan Walther?
Ryan Walther is another one of the founders of Prank-O. His net worth is not disclosed, but he was the chief marketing officer during the Shark Tank Show.
What is the net worth of Ryan Dolan?
Ryan Dolan is another one of the founders of Prank-O. His net worth is not disclosed, but he was the president during the Shark Tank Show.