Two entrepreneur brothers from Utah came onto Episode 10 of
Shark Tank Adventure Hunt Update
- Entrepreneurs: Jared Bingham and Sean Bingham
- Business: Athletics / Scavenger Hunt
- Ask: $150,000 for 10% equity
- Result: $150,000 for 20% equity
- Sharks: Robert Herjavec
After the intense and thrilling demonstration of the Adventure Hunt app, Jared and Sean began explaining to the sharks about their business’ financials. They discussed that the company was formed about 18 months ago, generating $769,000 in sales over the course of that time. They also claimed that most of the sales had come in the current year.
The tiered registration pricing structure for Adventure Hunt scavenger hunt events ranges from $30 and $100 dollars, depending on which tier the customer selects. A complimentary welcome bundle is included with all of the tiers listed on the company’s website, according to Jared and Sean.
Guest shark Bethenny Frankel was the first shark to make an offer. She decided to offer $150,000 for 25% equity. Robert Herjavec quickly made an identical offer to the two brothers, while Mark Cuban dropped out due to a conflict of interest.
Daymond John and Lori Greiner also dropped out because they were not at all interested in the company’s concept. After countering at 20% equity for the $150,000 investment, Jared and Sean ultimately chose Robert as a partner.
Let’s take a look at the Adventure Hunt update to see how the company is doing. The good news is that Sean and Jared did finalize the deal with Robert. As agreed, the company expanded down the pathway that Robert envisioned, developing clients with several companies for these special events.
Corporate events, scavenger hunts, and team-building exercises are all a part of the company. Adventure Hunt still has a significant presence on social media and can easily be found on its official website.
You can find the other company updates from Season 10 here:
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