The Natural Grip Shark Tank Update | The Natural Grip after Shark Tank
What is The Natural Grip?
The Natural Grip is a reusable tape grip/glove that is ideal for weight lifting and CrossFit training. The majority of gloves on the market are made of leather and come in only three sizes (S.M.L).
The Natural Grip is available in 14 sizes, as well as a range of colors and styles, and it does not slip. Ashley Drake is the originator of The Natural Grip.
Ashley Drake designed a strong package that protects your grip, and allows you to store The Natural Grip in a glove-sized box.
One of The Natural Grip’s biggest selling points is that it is reusable. The company suggests storing the tape in your freezer, and the natural grip will last forever when stored properly. If your tape gets damaged, simply replace it and keep training.
The Natural Grip tape allows you to create any type of grip you desire, while still maintaining a nice degree of tackiness.
Who is the founder of The Natural Grip?
Ashley Drake is the founder of The Natural Grip in June of 2013 in Louisville, KY. Drake features with CrossFit athlete Danielle Sidell, who uses the product.
The Natural Hold is more of a protective wrap that helps athletes to obtain a firmer grip on pull up bars or weights without hurting up their hands. Each grip is built to order, and the ring finger size is used to assure a perfect fit.
The Natural Grip is constructed of Zinc Oxide 100% cotton tape with a natural adhesive that is extremely strong. They recommend taping the grips at the wrist once you’ve placed them on your hands to avoid slipping.
The grips are available in a range of colors, allowing you to match your hands to the rest of your training gear. The Natural Grip is a patented item and is only available from the company’s website. The product has received favorable reviews from professional athletes and people who regularly use it for their workouts.
The same quality that makes it a great workout tool also makes it a perfect way to teach your children how to catch and throw. The Natural Grip can help kids to improve their hand eye coordination, as well as helping them to become more athletic. The Natural Grip is now available on Amazon and at the company’s website.
What Happened to The Natural Grip at Shark Tank pitch?
Ashley decided to pitch her firm to the Sharks in episode 8 of Season 6 of The Natural Grip on Shark Tank in order to acquire greater distribution and funding for large orders.
The section begins with Ashley discussing her business at home. When she and Danielle Sidell enter the Tank, she encourages the Sharks to “get a grip.” Ashley was asking for $100,000 for a 20% stake in her firm, which is worth $500,000.
She demonstrates the grips to the Sharks before having Danielle clean and jerk 165 pounds and perform some bar muscle ups.
Ashley distributes samples (she offers Kevin black grips that match the color of his soul! The Sharks experiment with the grips, and Robert performs a few pull-ups.
She reports that she made $178,000 in sales in one year. Robert urges her to distinguish her grips from those of others. Her patent is for reusable tape grips that adjust to the size of the ring finger.
Each grip costs $4.32 to build and retails for $17, resulting in a healthy profit margin! Lori is uninterested in the company and goes out. Ashley wishes to raise funds in order to expand manufacturing. Kevin then exits.
Ashley aspires to make $4 million each year. Mark believes she should concentrate on the Crossfit community, but Robert disagrees. Robert and Daymond say they’ll wait for Mark, and then there’s a commercial break.
Following the interval, the three remaining Sharks are at a stalemate. Mark appreciates what she’s doing, but he can’t see what’s next, so he goes out.
Robert believes she has high credibility and offers $100,000 for a 30% stake in the company.
Daymond makes a $100,000 offer in exchange for 40% ownership of the company. Robert replies with $125,000 for 25% equity shares, but Daymond drops to $100,000 for 33% ownership and argues he’s superior at manufacturing and can “put Reebok on the box.” Ashley agrees Robert’s offer! And then close the pitch with a deal.
What Happened to The Natural Grip after Shark Tank?
The deal with Robert was finalized after the broadcast aired and Ashley exited the pitch with a deal.
Despite the fact that Ashley left the army to manage the firm full-time, sales have stagnated since the arrangement with Robert, which Robert believes is due to a lack of promotion.
The firm was dissolved in December of 2018. Ashley is now a Supervisor of Industrial Engineering at UPS.
Competitors of The Natural Grip
The Natural Grip is a challenger in the competitive market of training products. Competitor includes Rogue Fitness Grips.
Net Worth of The Natural Grip
The company was valued at $500,000 during the pitch, after the investment done by Robert the company remains the same. Since then the company went out of business in 2018 and hence the current net worth is unavailable.
The Natural Grip FAQs
What is The Natural Grip?
The Natural Grip is a reusable tape grip/glove that is ideal for weight lifting and CrossFit training. The majority of gloves on the market are made of leather and come in only three sizes (S,M,L). The Natural Grip is available in 14 sizes, as well as a range of colors and styles, and it does not slip.
Who is the founder?
The Natural Grip is the brainchild of Ashley Drake, who learnt to sew while training in gymnastics. Ashley also competed in CrossFit competitions and shot her first winning video as a competitor on YouTube. She then turned her interest in CrossFit into a full-time job and started up The Natural Grip in June 2013.
How much was asking on Shark Tank?
Ashley was asking for $100,000 for 20% stake of her company.
Did she have the deal?
Yes, she has the deal with Robert Herjavec.
How much was the deal?
Robert Herjavec offered $125,000 for 25% ownership of the company.
Is The Natural Grip still in business?
The Natural Grip went out of business after the taping of Shark Tank.
Is The Natural Grip still selling?
Yes, The Natural Grip is still available from Amazon and on the company website.
How do you apply The Natural Grip?
The grips are designed to be sewn on or taped onto the hands using the provided tape.
How much does The Natural Grip cost?
The original grip costs $17, but has since been reduced to $4.32. If you are looking for a replacement, they will charge you $3.95 online or you can visit their website and purchase a new one there for approximately $3.50 (discounted if your purchase 5).
Was The Natural Grip a scam?
No, this was not a scam. While The Natural Grip is no longer active, Ashley Drake had legitimate business intentions when she appeared on Shark Tank.
How many weights can The Natural Grip bear?
The Natural Grip is designed to be used for CrossFit and weightlifting (deadlifts, snatches, cleans and squats).
What about The Natural Grip barbells?
The Natural Grip doesn’t have a barbell.
What is the net worth of Ashley Drake?
Ashley Drake’s net worth is unavailable.