Entrepreneurs Stuart and David Pikoff pitched their mobile entertainment, game company during
If you’re short on time, here’s a quick overview of what happened to Games2U after
Stuart and David Pikoff appeared on
|Robert Herjavec||No offer|
|Jeff Foxworthy||No offer|
|Daymond John||No offer|
|Kevin O’Leary||$500,000 for 51% equity|
|Barbara Corcoran||No offer|
Shark Tank Games2U Update
- Entrepreneur: Stuart and David Pikoff
- Business: Mobile entertainment company
- Ask: $500,000 for 10% equity
- Result: No deal
- Shark: None
Founders of Games2U, Stuart and David, brought several of their games right to the tank. Accompanied by the UBot, the brothers presented their business to the sharks.
The party company has specialized vehicles, and some even have 4D movie theaters and video games inside. Additionally, they have over 140 franchises in 28 states, and altogether, they do over 2,000 parties and events each month.
Robert Herjavec gets a chance to test out the UBot, and he gets a kick out of shooting nerf balls at Mr. Wonderful out of the giant robot, mechanical robot.
Afterward, guest shark Jeff Foxworthy is interested in the costs of booking the company for an event. Stuart and David explain that altogether, a home party can cost between $300 and $400 for an hour and a half.
Further, their most popular events are for corporations, which are especially lucrative. These can generally cost up to a few thousand per session.
However, Kevin O’Leary is curious about sales, especially since they placed a $5 million valuation on the company. To Kevin’s delight, they had $3.5 million in gross sales in the previous year, netting $125,000 in profit.
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Additionally, they are on track for $5 million in top-line sales for the current year. Even better, they also hold six patents that cover their unique games and equipment.
Robert is interested in how the sales work with franchisees. The brothers explain more about these relationships, and how they will ensure the success of franchising in the future.
Daymond John is concerned about the high valuation, so for this reason, he is out.
Barbara Corcoran doesn’t really think that the company can stay ahead by having to constantly invent new things. She ultimately goes out as well.
Jeff also follows out, because he thinks it will take too long to get a profit on the investment.
Likewise, Robert finds the business model to be problematic. For this reason he is also out.
Kevin offers $500,000 for 51% equity, basically seeking control of the company. However, Stuart and David don’t think that the offer is justifiable to them.
After a few moments to discuss the offer, they eventually counter. They ask Kevin to drop down to a 25% state, but Kevin says no, and finally backs out.
Unfortunately, this forces Stuart and David to leave
Keep reading our Games2U update to find out what came next.
Our Games2U update reveals that the company triumphed even without a shark investment. Although they left the tank empty handed, they have since expanded to Canada and the Middle East.
The company has been featured by Rachael, the Wall Street Journal, Inc., Fox Business, and more. Additionally, they currently have an annual revenue of $9 million.
You can find out what they offer on the Games2U website. They have several games and activities to choose from when booking your next event.
If this update piqued your interest, you can take a look at the other companies on Season 2 Episode 7. Follow the links below for more details.
For even more on companies and products, be sure to stop by our Season 2 Products Page!
Jennifer is an avid Shark Tank fan that has been watching the show for years. She serves as Senior Editor at Shark Tank Recap and ensures that all our information is accurate and that our posts are up to date. Her favorite Shark Tank products are Le-Glue and Ring!