VPcabs Net Worth
During the Shark Tank pitch, Brad valued his company, VPcabs, at $2 million. However, after Daymond John made his investment of $200,000 in exchange for a 25% stake in the company, the value of VPcabs dropped to $800,000.
Despite this setback, VPcabs has been performing well in terms of sales since appearing on the show.
In fact, the company’s net worth has been steadily increasing and is currently estimated to be back at $2 million as of 2021. This is a testament to the success of the company in expanding its market presence and scaling up production, as well as the effectiveness of Daymond John’s investment and strategic partnership with VPcabs.
What is VPcabs and Who is the founder of VPcabs?
VPcabs is a pinball game simulator that allows players to enjoy classic pinball games. Unlike other gaming systems, VPcabs is not an arcade or a computer, but rather a pinball machine that closely resembles the popular “Big Buck Hunter” machines.
One of the key features of VPcabs is its ability to play multiple pinball games on a single device, with games generated on retrofitted machines available in different styles, such as The Vertigo, The Wizard, and The Classic.
VPcabs was founded by Brad Baker, an entrepreneur from Cincinnati, Ohio. Brad had been self-employed for most of his adult life, and creating VPcabs was a natural extension of his quest for new business opportunities.
The company allowed him to demonstrate his leadership abilities, which resulted in its development, and he continues to serve as its CEO.
The idea for VPcabs came about when Brad’s brother, who runs an arcade business, asked him to install virtual games in an old pinball machine. Brad installed the game effectively and received several further orders from local business owners.
Due to the high demand, he was forced to relocate from his garage to a dedicated production plant in Fairfield, Ohio.
VPcabs cabinets resemble vintage pinball machines but use high-definition LED displays to simulate a pinball game electronically.
The primary advantage is that each machine can store over 200 games, ranging from new releases to recreations of vintage pinball games. Maintenance is almost non-existent because of the absence of moving components.
VPcabs has been recognized for its quality and was named the best Christmas game in the 2014 Holiday Buyers Guide by Game Informer. They distribute their products through a network of approximately 20 dealers located across 12 states, with prices ranging from $3495 to $7995.
VPcabs at Shark Tank pitch? What Happened to VPcabs after Shark Tank?
Brad, the founder of VPcabs, went on Shark Tank seeking a $200,000 investment for a 10% stake in his company, which was valued at $2 million.
The Sharks were interested in the company’s virtual pinball machines and all took a turn playing them. Despite some skepticism, Daymond John and Kevin O’Leary made an offer for a 25% stake in the company, which Brad accepted.
After the Shark Tank pitch, Brad focused on expanding the company’s presence at trade events and Comic Cons.
He partnered with Wizard World Comic Con and the Michael J Fox Foundation for Parkinson’s Research to design and auction off a personalized Back to the Future game, which received valuable marketing and exposure for VPcabs.
Since appearing on Shark Tank, the company’s sales have grown significantly. In the first year following the show, VPcabs generated $1 million in sales. The company also sells a “Better Desk” on its website, and is expected to generate between $3 and $5 million in annual revenue in 2021.
The company was valued at$2 million during the pitch, after Daymond John’s investment the company was valued at $800,000.
Since the company has been doing well in sales. In 2021 the company’s net worth is estimated at $2 million.
What is VPcabs?
VPcabs is a pinball game simulator that allows you to play classic games. VPcabs is not an arcade or computer like other gaming systems out there, it’s closer in design to the popular ‘Big Buck Hunter’ machines.
Who is the founder?
The VPcabs founder, Brad Baker, is the sole owner of the company and the only employee.
When did he start?
Brad Baker launched VPcabs in 2017 after pitching his idea to local business owners who use his service.
How much was asking on Shark Tank?
Brad was asking for $200,000 for 10% stake in his company at valuation of $2 million.
Did he get the deal?
Yes, Daymond John invested $200,000 in exchange for 25% of the company.
Is VPcabs still in business?
Yes, Brad is still in business.
Who are the competitors?
There is not much competition for VPcabs since this company does not face any real direct competition from other gaming companies.
What does VPcabs do?
VPcabs combines classic pinball games with crowd sourced and digitally enhanced 3D graphics.
Users can play up to 200 games on a single device with only one machine, since the games are stored on a server associated with their account.
Users can also create their own customized games using the integrated scripting language, Mojang.
How many employees does the company have?
VPcabs has more than 20 employees.
Does the company have a website?
The VPcabs website is located at http://www.virtualpinball.com
How much is the valuation of VPcabs now?
VPcabs was worth $800,000 after Shark Tank. Currently they are valued around $2 million.
How much has Brad made so far?
Brad has sold 500 units and earned $750,000 in revenue over the first six years of operation.
Where is it located?
VPcabs is located in Cincinnati Ohio and has been growing steadily since 2011.
Where are VPcabs machines made?
The machines are made in a factory outside of Cincinnati, OH. Since starting VPcabs has had to get multiple manufactures for their parts because they continually run into issues with various suppliers.
What are the dimensions?
VPcabs dimensions are 48 x 26 x 27 inches, and weighs approximately 120 lbs.
What can I do with VPcabs?
VPcabs gives users the opportunity to get fully immersed in their favorite retro-style games.
Is VPcabs legit?
VPcabs is a genuine company and has a genuine commitment to the community.
Do the machines need to be regulated?
No, the machines are not rigged enough to be considered illegal gambling, but regulation would only help with issues of user safety.
What other games will VPcabs have?
VPcabs will continue to grow their library of games by adding new digital recreations of popular culture icons such as Back to the Future II, Big Buck Hunter and Pacman.
What is the net worth of Brad Baker?
Brad Baker has an estimated net worth of $1.5 million.