What Occurred To ActionGlow Lights From Shark Tank Season 14?

First showing on “Shark Tank” for Season 14 in 2022, ActionGlow would search an preliminary funding of $200,000 for 15% fairness within the firm, bringing the valuation of ActionGlow to $1.3 million {dollars}. 

Accompanied by a formidable spotlight reel of their product in motion, the brothers pitched the revolutionary new thought. They’d clarify that in 2016, they acquired a full utility patent for ornamental lighting techniques for sporting gear, which the sharks appeared receptive to. 

The brothers would later clarify {that a} new product in growth, ActionGlow2, would have variable lighting and a number of coloration choices moderately than static lighting, lowering the wanted SKUs from 40 to simply eight. With a shark’s funding, the duo may end that second-generation product and begin delivery it to customers.

Whereas the sharks had been initially impressed by the dogged willpower of the brothers, in addition to the general thought for the product, traders began to drop out after they started to study ActionGlow’s complete gross sales. 

Over 10 years, the corporate generated $130,000. Whereas these figures is probably not spectacular, they’re when you contemplate that simply the 2 brothers began the corporate after they had been 13 and sixteen years previous. 

Whatever the gross sales, by the tip of the episode, the brothers had reeled in and accepted a proposal from Robert Herjavec. They’d obtain their authentic ask of $200,000, however it might come at the price of 30% fairness of ActionGlow.