What Occurred To ActionGlow Lights From Shark Tank Season 14?

First showing on “Shark Tank” for Season 14 in 2022, ActionGlow would search an preliminary funding of $200,000 for 15% fairness within the firm, bringing the valuation of ActionGlow to $1.3 million {dollars}. 

Accompanied by a powerful spotlight reel of their product in motion, the brothers pitched the revolutionary new concept. They might clarify that in 2016, they acquired a full utility patent for ornamental lighting techniques for sporting gear, which the sharks appeared receptive to. 

The brothers would later clarify {that a} new product in improvement, ActionGlow2, would have variable lighting and a number of coloration choices slightly than static lighting, lowering the wanted SKUs from 40 to simply eight. With a shark’s funding, the duo might end that second-generation product and begin delivery it to customers.

Whereas the sharks have been initially impressed by the dogged dedication of the brothers, in addition to the general concept for the product, buyers began to drop out after they started to find out about ActionGlow’s complete gross sales. 

Over 10 years, the corporate generated $130,000. Whereas these figures might not be spectacular, they’re when you think about that simply the 2 brothers began the corporate after they have been 13 and sixteen years previous. 

Whatever the gross sales, by the tip of the episode, the brothers had reeled in and accepted a proposal from Robert Herjavec. They might obtain their unique ask of $200,000, however it might come at the price of 30% fairness of ActionGlow.