Brad Baker brought a pinball machine for the modern world to
Shark Tank VPcabs Update
- Entrepreneur: Brad Baker
- Business: Virtual pinball machines
- Ask: $200,000 for 10%
- Result: $200,000 for 25%
- Shark: Daymond John
After introducing the machines, Brad allowed the sharks to try them out, and they enthusiastically ran up to them. Mark Cuban found it hard to peel himself away from the machine he was testing.
Robert Herjavec wanted to hear about numbers. Brad sold 200 units over 18 months, making $750,000 in sales. The sharks quickly noticed Brad’s profitability was lacking, despite a margin of 50%. He’d only made $12,000 in net profit.
Robert and Lori Greiner went out because they didn’t think there was much of a market for VPcabs other than the nostalgia factor.
Mark went out because he didn’t see what innovation he could bring, and he also saw it as a problem that Brad didn’t own the software for the games.
Daymond John showed interest in the product and said he could use his manufacturing company to help with the machines, leaving Brad to handle marketing.
Daymond offered $200,000 for 30% and Brad counter-offered with 20%. Daymond followed with 25% and Brad accepted the offer and left the tank with a deal.
Do you think VPcabs thrived following the
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Our VPcabs update reveals that Daymond considers this one of his best investments made during the show. VPcabs has been thriving since appearing on the show after Brad partnered with Wizard World Comic Cons and the Michael J Fox Foundation.
The company’s annual revenue is between $3 and $5 million. You can check out the machines available on the VPcabs website.
Find out more about the companies featured in Season 7 Episode 28 by following the links below to read more.
For even more on companies and products, be sure to stop by our Season 7 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!