Rugged Maniac Shark Tank Update| Rugged Maniac after Shark Tank
What is Rugged Maniac?
Rugged Maniac is an annual obstacle course contest held in locations around the United States and Canada.
Participants complete a 5 kilometer (3.1 mile) course that includes challenges such as muddy water slides, crawling through tunnels, jumping over burning logs, and scaling massive, curving walls.
Rugged Maniac, the holding company for Rugged Races, was founded in 2010 by Rob Dickens and Brad Scudder. Rob and Brad both have legal backgrounds.
Events are performed over varied distances for teams or individuals, with contestants competing across timed obstacle courses.
Rugged Maniac has been described as a combination between mud runs and obstacle course racing. Initially, the event was held in four cities: Palm Beach, FL; Raleigh-Durham, NC; San Diego, CA; and Doylestown, PA.
The 2016 course was significantly changed from prior courses to eliminate the use of water and mud altogether and increase the overall difficulty of the course itself.
Who is the Founder of Rugged Maniac?
Brad Scudder, a former attorney and the company’s founder and CEO, founded Rugged Maniac in June 2010.
Rob Dickens, the company’s co-founder and COO, formerly worked as a corporate lawyer on Wall Street at Milbank, Tweed, and Hadley & McCoy.
The inaugural Rugged Maniac event was conducted in Southwick, Massachusetts, in October 2010, with approximately 2,000 race participants.
Scudder utilized his money from the previous two years as a lawyer to bankroll the event, which included 330-person racing waves every half hour and a party for racers with music, food, and alcohol.
Since then, the festival has grown to 30 event days throughout the United States and Canada.
At the fall of 2015, the largest event, held in the debut New England venue Southwick, MA, attracted nearly 12,000 total race participants.
Rob graduated from Washington and Lee University of Legal and worked for a New York law firm. He is still employed by the firm, where he holds the positions of COO and CMO.
Brad studied law at the University of Connecticut and worked as an attorney for a business in Massachusetts.
What Happened to Rugged Maniac at Shark Tank pitch?
After the experience of the company’s development, Brad and Rob were more active in their search for investors, and they chose to take their firm before the Sharks’ investors.
They each join the Tank hoping for a $1 million investment in exchange for 10% of their firm. They also display a video footage of some of their award-winning hurdles being overcome by a throng of consumers.
They will, however, stage race events in 20 locations around the country. Brad anticipates sales of $4.2 million with a profit of $1 million, whereas Rob anticipates sales of $6.5 million with a profit of $2 million.
The sales pleased the Sharks, and Rugged Maniac need an extra $2 million investment.
Robert Herjavec accepts her offer of $1.5 million for 25% stake in both enterprises as a whole. Meanwhile, Daymond John and Barbara Corcoran walked away from the transaction.
Kevin O’Leary offers $1.5 million for a 50% stake in the company with Robert Herjavec, but the two would want a third stake in the company.
Mark Cuban immediately offers $1.5 million for 25% stock stakes in both enterprises.
They counter Mark Cuban’s offer to $1.75 million for 25% stock stakes in both firms. They ultimately reached an agreement with Mark Cuban.
What Happened to Rugged Maniac after Shark Tank?
The Bugged Maniac has grown tremendously since the transaction. Before the Shark Tank presentation, the firm had $4.2 million in sales; after the episode, sales increased to $10.4 million.
Over 200,000 racers participated in the company’s Rugged Races, and they have relocated to larger headquarters with more than 20 staff. The business has extended to Canada.
Brad departed the organization in 2020 and currently works as a senior vice president for the USA Today network. Rob is still the company’s COO in 2021.
Competitors of Rugged Maniac
Rough Mudder is their main competitor in the market.
Net Worth of Rugged Maniac
The company valuation during the pitch was $10 million due to the increase in sales of the company the net has also increase.
Rugged Maniac FAQs
What is Rugged Maniac?
Rugged Maniac is an annual obstacle course contest held in locations around the United States and Canada.
It combines mud runs with obstacle races, meaning competitors must complete a 5 kilometer (3.1 mile) course that includes challenges such as muddy water slides, crawling through tunnels, jumping over burning logs, and scaling massive, and curving walls.
Who is the founder?
Brad Scudder and Rob Dickens is founder of the company.
What is their offer at Shark Tank?
They were asking for $1 million for a 10% stake in their company.
Did they get the offer?
Yes, they got an offer from Mark Cuban for $1.75 million for a 25% stake in the company.
Who are their competitors?
Rough Mudder is their main competitor in the market.
How much they make?
They made $4.2 million in 2011 and $10.4 million in 2015
Is there a website about Rugged Maniac?
The official website of Rugged Maniac is https://www.ruggedmaniac.com.
How old is the company?
In their first year of existence, Rugged Maniac was started in 2010 and they held their first event in 2011.
Who is the president?
Rob Dickens is still serving as COO of Rugged Maniac in 2021.
Is it legit?
Yes, it is legit.
How is the business model?
It is an obstacle course company.
What is the revenue?
The revenue of the company is $10.4 million.
Is Rugged Maniac hard?
The event is challenging because the participants have to crawl through mud, jump over obstacles, jump through fire pits, climb walls, etc.
Are there group runs?
There are 100 person runs every half hour.
How does it make money?
The company makes money by selling race tickets to the public.
How many locations does Rugged Maniac have?
Each location is different; however, some of the locations are in New England, New York, Oklahoma, Michigan, and Nevada. They have 15 events scheduled for 2021.
Where are they located?
Rugged Maniac is located in Southwick, Massachusetts. However, some of their events are held in other cities such as Chicago or North Carolina.
How many miles is Rugged Maniac?
It is a 3.1 miles obstacle course.
How many participants do they have?
Rough Mudder has more than 30,000 participants each year.
What kind of obstacles do athletes have to overcome?
They have challenges such as crawling through mud, jumping over fire pits, climbing walls, rolling in mud pits, and swimming under water.
Is there a city limit?
No. The event can be held in any location around the country in a suitable venue. There are 20 locations scheduled in 2021 in North America.
Does Rugged Maniac have showers?
Rugged Maniac does provide showers to their participants. The participants do not need to strip though because there is no nudity allowed.
Will the event be featured on TV?
Yes, it will be featured on TV during the events. However, contestants are not naked during the event. Just like 5th Dimension band member Gary Owens, who appeared in Carl Reiner’s The Dick Cavett Show, all of the participants wear swimsuits during their laps in mud or water.
What kind of people participates?
The participants are not all athletes. They are regular people who want to get in shape and become more fit.
How much media coverage does Rugged Maniac get?
They get a lot of media and TV coverage because the participants must crawl through the muddy water and climb up and down walls, which attracts people.
Can I be an athlete at Rugged Maniac?
Yes, anyone can become an athlete at Rugged Maniac events.
What is the average income of a participant?
The participants do not need a high income to become an athlete. They can do it as a hobby and fit in with their lives.
Is the business profitable?
It is growing very well and is making more money than they have initially thought. However, the company would like to expand more so that it expands its services to other locations as well as other countries as well as other states.
Does Rugged Maniac accept PayPal?
Yes, they do accept PayPal.
Does Rugged Maniac use Facebook advertisement?
Yes, they do. They use Facebook ads to promote their brand and increase sales.
What are the events that Rugged Maniac host every year?
They host 3 events during January, April and October (cheese-eating surrender monkeys).
