Jump Forward Update

JumpForward College Athlete Recruitment Update | Shark Tank Season 1

Brian Duggan and Adam McCombs recognized how difficult it was for high school athletes and colleges to manage the complicated and heavily regulated recruitment process. Determined to find a solution, they founded JumpForward, a platform designed to simplify the process. In our JumpForward update and pitch recap, we will find out if their innovative idea got them a deal.

SharkResult
Kevin O’Leary and Robert HerjavecAccepted offer of $600,000 for 50% equity
Kevin HarringtonNo offer
Barbara CorcoranNo offer
Daymond JohnNo offer

Shark Tank JumpForward Pitch

Shark Tank JumpForward Update
  • Entrepreneurs: Brian Duggan and Adam McCombs
  • Business: Website and mobile app that streamlines college athlete recruitment
  • Ask: $150,000 for 10% equity
  • Result: $600,000 for 50%
  • Sharks: Kevin O’Leary and Robert Herjavec

Brian and Adam began their presentation by highlighting the lack of a streamlined communication system between student-athletes and universities, particularly within the constraints of NCAA regulations.

They introduced JumpForward as the solution to this issue and sought an investment to scale their platform to meet growing demand.

JumpForward is a software platform designed to centralize operations and communication within athletic departments.

It enables efficient collaboration among staff, coaches, and student-athletes by providing features like secure messaging, document sharing, workflow management, and a recruitment board.

Additionally, its patented mobile application and robust customer support further enhance the platform’s value.

This makes it an essential tool for athletic programs focused on growth and performance.

During the pitch, Brian demonstrated how coaches could review athlete profiles and reach out to them directly through the platform.

With $150,000 in sales within three months, Brian projected that sales could reach $15-20 million, or even $35 million, with a shark’s support.

He also noted that the company owns a patent on the mobile application, which ensures compliance with complex NCAA rules.

Barbara Corcoran and Kevin Harrington declined to invest due to their lack of interest in tech.

Daymond John felt the system was too complicated, so he exited the negotiations as well.

However, Kevin O’Leary offered $200,000 for 20% equity. Robert Herjavec then countered with $300,000 for 35% equity.

Kevin O. asked the duo to leave the room for a moment and requested a brief discussion with Robert to avoid a bidding war. 

Kevin O. proposed a joint offer of $400,000 for 50% equity, which Robert agreed to.

When the entrepreneurs returned, the sharks presented this unified offer. Brian and Adam countered with $200,000 for a 16% equity to retain equity for future employees.

Robert then raised the offer to $500,000 for 50% equity, but the entrepreneurs hesitated. Robert further increased the offer to $600,000 for a 50% equity.

In response, Brian and Adam proposed two alternatives: $300,000 for a 25% equity or $750,000 for a 50% equity.

The sharks stood firm at $600,000 for 50% equity, saying that they also bring their business and marketing expertise to the table.

Brian and Adam countered, but Kevin O. and Robert weren’t budging.

In the end, the entrepreneurs accepted their final offer of $600,000 for 50% equity, which was far more than their initial ask.

Was this a good idea for Brian and Adam? Keep reading our JumpForward update to find out how the company has progressed.

Shark Tank JumpForward Update

Our JumpForward update research found that the deal with Kevin O’Leary and Robert Herjavec didn’t materialize.

Despite the setback, JumpForward expanded its offerings by developing a mobile app to complement its web-based platform, which significantly boosted its reach.

Serving over 150 college athletic departments in the U.S, JumpForward achieved a remarkable 99% annual subscription renewal rate.

Our JumpForward update found that Active Network acquired the company in 2016 for an undisclosed amount, marking the founders’ successful exit.

At the time of writing, Brian is the founder and CEO of Livly, a property management company.

At the same time, Adam became the Chief Product Officer at the real estate company Vantaca, LLC. 

This marks the end of our JumpForward update.

Would you like to learn about the other companies featured in Season 1, Episode 10? Follow the links below for our other company updates from the episode.

Before you go, check out our Shark Tank Season 1 page for more updates

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Andrew is a lifelong fan of Shark Tank and an entrepreneur at heart. He started Shark Tank Recap because he wanted a single place to track what happens to the companies, founders, and deals after they air on TV. With a sharp eye for business insights and a passion for all things Shark Tank, Andrew makes sure every recap is accurate, engaging, and fun.