Rugged Maniac Shark Tank Update| Rugged Maniac after Shark Tank
What is Rugged Maniac? Who is the Founder of Rugged Maniac?
Rugged Maniac is an annual obstacle course race that includes challenges such as muddy water slides, crawling through tunnels, jumping over burning logs, and scaling walls.
The event was founded in 2010 by Rob Dickens and Brad Scudder, both of whom have legal backgrounds. The event is held in locations around the United States and Canada, and participants complete a 5 kilometer course.
The inaugural event was held in Southwick, Massachusetts, in October 2010, with approximately 2,000 participants.
The company has grown to include 30 event days throughout the United States and Canada and is described as a combination of mud runs and obstacle course racing. Brad Scudder is the founder and CEO and Rob Dickens is the co-founder and COO.
What Happened to Rugged Maniac at Shark Tank pitch?
Brad and Rob, the founders of Rugged Maniac, sought investment from the Sharks on the show Shark Tank by offering a $1 million investment in exchange for 10% of their company.
They presented a video of their obstacle course events and shared their projected sales and profits. The Sharks were impressed with their sales projections and offered various deals for investment.
Robert Herjavec ultimately invested $1.5 million for a 25% stake in the company. Mark Cuban also offered $1.5 million for a 25% stake, but the deal was later renegotiated to $1.75 million for the same stake. Daymond John and Barbara Corcoran did not invest in the company.
What Happened to Rugged Maniac after Shark Tank?
After appearing on Shark Tank, Rugged Maniac experienced significant growth. Sales increased from $4.2 million to $10.4 million and the company attracted over 200,000 racers to participate in its obstacle course events.
The company also expanded to Canada and moved to larger headquarters with more than 20 employees. Brad, one of the co-founders, left the company in 2020 and currently works as a senior vice president for the USA Today network. While Rob, the other co-founder, is still the COO of the company as of 2021.
Competitors of Rugged Maniac
Rough Mudder is their main competitor in the market.
Net Worth of Rugged Maniac
The net worth of Rugged Maniac has increased since the company’s pitch on Shark Tank, when its valuation was $10 million. The increase in sales has contributed to the growth in the company’s net worth.
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).