According to Brian Spencer, people who do BMX, skateboarding, and other extreme sports, are always looking for the next fun thing. That’s why he created pogo sticks made especially for them. Will the sharks jump in on this hot new trend on
If you’re short on time, here’s a quick overview of what happened to Vurtego after
Vurtego appeared on
Shark Tank Vurtego Update
- Entrepreneur: Brian Spencer
- Business: Pogo sticks for action sports
- Ask: $500,000 for 20% equity
- Result: No deal
- Shark: None
Brian brought his company Vurtego to
The sharks are immediately impressed by the acrobatics. Further, Brian uses a video capturing how people are using the Vurtego around the world.
Although the tricks are cool, he cautions that no one should try them at home, which leads Kevin O’Leary to ask about injuries. Brian says the product is safer than one would expect because it doesn’t involve speed.
He also says that 7,000 units have been sold already. Mark Cuban asks what it usually retails for, and Brian replies $330, and costs around $100 to produce.
Daymond John mentions that there are competitors, but Brian says the plan is to replace the biggest pogo stick manufacturer. Additionally, he says that he essentially recreated the traditional pogo stick.
Robert Herjavec asks if this is a mass marketing product, or if they’ll be better off continuing to be a specialty product selling 300,000-400,000 units a year. Brian says that to make money off it, they need to mass produce.
Kevin thinks they should enjoy the current margins, and Mark agrees. Further, he thinks they might lose their edge if they mass-market the product.
Kevin says the best thing to do is to increase the price of the unit to $600. Meanwhile, Barbara Corcoran is too worried about the potential for injury, so she goes out.
Brian says he agrees, but people keep telling him to mass-produce, so he doesn’t know what to do.
Mark goes out next because he thinks Brian is listening too much to those wanting to mass-market the product. Kevin ultimately goes out next, but not before telling Brian to up the price again to $1,200 a unit.
After Kevin ends his speech, Daymond and Robert follow out. With that, all of the sharks are out, but before Brian exits, Robert asks if he can buy one of the pogo sticks from the demonstration.
Brian says, “Sure, I’ll make you a special deal, $1,200.” The sharks had a good laugh with that one, and Brian exited
What happened following the show? Keep reading our Vurtego update to find out!
Our Vurtego update reveals great news, as the company is still in business and does around $1 million in annual revenue.
Their V4 and V4Pro models come in small, medium, and large, based on the height of the user. The Vurtego website, where they’re available for sale, says the V4Pro can jump as high as 10 feet! Vurtego pogo sticks are also available on Amazon.
Further, our Vurtego update research found that Spencer was able to raise over $100,000 for the V4 model via IndieGoGo in 2015. Then, in 2023, he was able to raise over $40,000 for a new product called the SlingShot that allows you to jump over 5 feet high.
We’ve got you covered if you’re interested in the rest of the products that appeared in Season 2 Episode 2. Follow the links below to get all the information on them.
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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!