What Happened to QBall after the Shark Tank Pitch? QBall Shark Tank Update
What is QBall?
Qball is a wireless microphone that can be passed, dropped, thrown, or rolled. The Qball is comprised of a lightweight, soft, and resilient foam that can withstand a battering.
While in flight, the microphone automatically turns off to prevent unpleasant thumps or bumps over the speakers.
The Qball also has our exclusive Battery-Saver function. If no movement is detected for 10 minutes, the Qball will enter standby mode to preserve power. Ideal for events, conferences, schools, and audience participation.
Who is the Founder of Qball?
Shane Cox of Salt Lake City, Utah, is the creator of Qball. Cox saw a gap in the approaches utilized to make students heard in the classroom while spending several years deploying technology throughout the school system.
Some professors used a talking stick, while others passed around fragile and unwieldy microphones in an attempt to get students to speak up.
Cox was familiar with the difficulties of not being able to hear and comprehend peers, having been a student who liked sitting at the back of the classroom.
The interactive Qball was created in order to overcome this challenge in a fun and engaging way for pupils.
Moving to the mass-production phase after producing a prototype with a 3D printer was made feasible by kind Indiegogo donors.
Cox and two others raised $46,895 for the QBall through a successful IndieGoGo campaign in October 2015.
Each system is priced at $179. It comes with a ten-hour battery and has a range of around 75 feet from the signal source.
What Happened to QBall at the Shark Tank Pitch?
Shane appeared on Shark Tank season 9 episode 2 in search of $200,000 for a 15% stake in his company. This translates to a $1.3 million valuation.
He describes the product and makes his pitch. When it’s finished, he throws the Q Ball to Mark, who speaks into it. Lori wants to give it a shot, but Shane thinks Mark is the only one who can do it, so he throws her a “blank.”
Shane stated that the selling price was $179. They have to spend $52 to manufacture it. When Mark inquired about sales, Shane stated that they had made $177,000 in total.
Public speakers and research organizations accounted for 90% of sales to schools and other consumers.
Lori inquired as to whether he possessed a patent. Shane added that he has a patent filed for the function that allows him to toss it without causing the machine to make a noise.
He expects to reach $650,000 by the end of the year (2017). He claims that once one teacher at a school tries it, others will be ordered. He wants to make an investment to acquire goods since he is always running out.
Robert stated that he is the owner of a multinational cybersecurity firm. Despite its size, they do not sell to many governments or schools since the process is onerous.
Robert expected to be old and gray by the time he saw the money on his return. He went outside.
The Sharks believe that selling to companies will be simpler. Lori, Mark, and Rohan came together to talk about the bargain they wanted to give.
They contributed $300,000 in return for 30% ownership. Shane replies with 25%, and Mark says that while he respects the fact that Shane responded, he should recognize the value they bring to the table. Shane eventually accepts their offer.
What Happened to QBall after the Shark Tank Pitch?
Lori, Rohan, and Mark’s agreement did go through. They soon merged with Alexa. The corporation made $3.9 million in sales in the two years after the debut air date.
They are still in business as of November 2021, with an annual revenue of $1 million.
What is Net Worth of QBall?
Shane appeared on Shark Tank season in search of $200,000 for a 15% stake in his company. This translates to a $1.3 million valuation.
He accepted an offer from Mark, Lori and Rohan of $300,000 for 30% stake which brings valuation to be $1 million.
Current valuation is evidently higher since the Company has grown.
Who are the Competitors of QBall?
QBall face some faces competitions in its market space from other companies such as;
Tonor and Rode Microphones.
What is QBall?
Qball is a wireless microphone that can be passed, dropped, thrown, or rolled. The Qball is comprised of a lightweight, soft and resilient foam that can withstand a battering.
While in flight, the Qball automatically turns off to prevent unpleasant thumps or bumps over the speaker.
Who founded QBall?
Shane Cox of Salt Lake City, Utah, is the creator of Qball.
How much was he asking in the Shark Tank?
Shane asked for $200,000 in exchange for 15% equity.
Did he get the deal from the Sharks?
Yes he did secure the deal from Mark, Lori and Rohan.
How much was the deal?
The deal was $300,000 for 30% stake in the company, which brought the valuation of Qball to $1 million.
Where can they buy QBall?
Qball is sold on Amazon and on the company website.
How much does the QBall cost?
The QBall, which costs $179, has a 75-foot operational range, automated frequency selection, and silent toss capabilities.
What is the website address of QBall?
The official website is www.peeq.us or www.buyqball.com
Where is QBall located?
Qball is manufactured and distributed in Fuquay-Varina, North Carolina.
When was QBall aired on Shark Tank?
Shane Cox appeared in Shark Tank season 9 episode 2 in 2016.
What is the name of the episode?
The episode titled of Qball was aired on October 1st, 2017.
What is their Returns Shipping policy?
They will be liable for their own shipping fees when returning their merchandise. The cost of shipping is non-refundable.
What is their refund policy?
When they get their goods, they will check it and tell them that it has been returned. After checking the goods, they will tell customers of the status of their reimbursement.
If their return is accepted, a refund will be issued to their credit card (or original method of payment).
What is their Standard Shipping Times?
Please keep in mind that purchases are usually sent within 10-15 business days. If they want expedited shipment or further information, please contact them at [email protected]
Single-item purchases are normally shipped by USPS, however purchases of two or more items are often shipped via FedEx.
What is Qball made of?
Qball is made of soft, lightweight, resilient foam.
What is the net worth of Shane Cox?
Shane Cox’s net worth is unavailable.