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What Happened to Adventure Hunt after Shark Tank?

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Introducing Adventure Hunt, the next-level scavenger hunt experience that combines adventure, competition, and excitement in an exhilarating outdoor challenge. Co-founded by brothers Jared and Sean Bingham, Adventure Hunt has captured the imagination of outdoor enthusiasts and treasure seekers alike with its innovative and immersive gameplay.

Here’s how Adventure Hunt works:

Participants form teams and embark on a thrilling quest to locate a buried treasure chest hidden at a designated location. Along the way, teams must complete a series of adventurous tasks and solve riddles to unlock clues that lead them closer to the hidden treasure.

Imagine navigating through a scenic landscape while tackling a variety of challenges, from eating without using your hands to rock climbing. Each completed task earns teams points, and reaching a predetermined point threshold unlocks a map on the Adventure Hunt app, providing additional guidance towards the treasure.

Adventure Hunt offers a unique and engaging outdoor experience that encourages teamwork, creativity, and exploration. Whether you’re a seasoned adventurer or new to outdoor challenges, Adventure Hunt offers something for everyone, making it the perfect activity for friends, families, and thrill-seekers looking for an unforgettable adventure.

Join the excitement and discover the thrill of the hunt with Adventure Hunt—a new and better way to experience the great outdoors!

Adventure Hunt at a Glance:-

IdeaAthletics / scavenger hunt
FoundersJared Bingham and Sean Bingham
Asked For$150,000 for 10% equity
Accepted Deal$150,000 for 20% equity
SharksRobert Herjavec
Business statusIn Business
Episode No.Season 10
Buy on AmazonBuy Now!

Index:

Founder Story:

Brothers Sean and Jared Bingham combined their ambition and creativity to create Adventure Hunt, an interactive scavenger hunt experience that has gained international recognition. Sean, known for his KZ apparel line, envisioned Adventure Hunt as a way to promote his clothing brand while offering a unique outdoor adventure for participants.

The concept for Adventure Hunt was born during brainstorming sessions where Sean and Jared sought to capture the fun and adventurous spirit of KZ apparel in a new business venture. Together, they launched Adventure Hunt, reinventing the classic adult treasure hunt and scavenger hunt concepts to serve as contemporary team-building exercises.

In Adventure Hunt, teams compete by solving puzzles and completing tasks to earn points that guide them on an exhilarating treasure hunt. The more challenges they overcome, the closer they get to uncovering the hidden treasure with the help of a treasure map provided through the Adventure Hunt app.

The ultimate goal of Adventure Hunt is to enhance participant engagement and communication, making business events, group outings, and team-building activities more dynamic and memorable. By combining adventure, competition, and teamwork, Adventure Hunt offers a thrilling experience that fosters camaraderie, creativity, and collaboration among participants.

Join the adventure with Adventure Hunt and discover a new way to connect, compete, and conquer challenges together!

Did Adventure Hunt get a deal on Shark Tank?

The brothers took care to make their pitch as lively and exciting as any of their hunts. With the help of a few past contestants and a video package, the business couple effectively communicated the potential of their venture. They want to sell 10% of their business for $150,000.

The brother talked about their company and even performed a few of their actions to illustrate how much fun hunters have. Giving the other person a wedgie was one of the challenges, which made the Sharks giggle hysterically.

Excited by the trials, Robert Herjavec tried his hand at a slackline and ended up crashing into a sandbox. This gave the entire pitch a very playful atmosphere.

The Sharks quickly turned attention to the most important problem: the stats. At each search, the brothers claimed to be getting about 300 people, so they were doing rather well.

During their first eighteen months of business, they had generated sales of almost $700,000. The Sharks audibly acknowledged these astounding facts.

John Daymond, Lori Greiner, and Mark Cuban all departed from the talks, citing disagreements and incompetence. The brothers were left with Herjavec and Frenkel, who both had an interest in the company.

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Frenkel attempted to work with dating apps and update the business plan. She made the brothers an offer of $150,000 for a quarter of the company.

Herjavec offered the same thing. But his approach differed greatly from Frenkel’s. The brothers admitted they were also interested in the corporate world, and he wanted to break into that field.

The brother asked if the Sharks would consider reducing their equity. Herjavec and Frenkel decided to each take a 20% ownership reduction. After careful consideration, the pair decided to work with Herjavec.

What happened to Adventure Hunt after Shark Tank?

Sean and Jared Bingham’s appearance on Shark Tank was nothing short of legendary, earning them the title of “THE BEST, MOST ENTERTAINING SHARK TANK PITCH OF ALL TIME.” Their pitch caught the attention of investor Robert Herjavec, who saw the potential in their innovative team-building adventure concept.

Robert offered $150,000 for a 20% stake in Adventure Hunt, not only providing the brothers with valuable capital but also offering his expertise in marketing, sales, and team recruitment. With Robert’s guidance, Adventure Hunt expanded its reach and secured partnerships with notable organizations such as the US Air Force, Marmot, Washington Trust, and Ancestry, enhancing their team-building activities and marketing efforts.

When the COVID-19 pandemic presented unprecedented challenges in 2020, Adventure Hunt demonstrated resilience and adaptability by pivoting to virtual hunts. This innovative approach allowed participants to enjoy the thrill of the hunt while adhering to social distancing guidelines and safety protocols, maintaining profitability during uncertain times.

As restrictions eased, Adventure Hunt resumed its in-person events, continuing to engage customers and expand its offerings. The company has maintained a strong social media presence, fostering customer engagement and brand loyalty.

Today, Adventure Hunt stands as a testament to the Bingham brothers’ entrepreneurial spirit, creativity, and determination. With a thriving business model, robust partnerships, and a dedicated following, Adventure Hunt continues to redefine team-building experiences and deliver unforgettable adventures for participants worldwide.

What’s the net worth of Adventure Hunt?

Upon its debut on Shark Tank, Adventure Hunt’s net worth was estimated by our research as $1.5 million and later pulled to $750,000. Their creative business’s market demand and prospects are the basis for their worth.

Adventure Hunt has also seen a consistent rise in its annual revenues. Adventure Hunt attributed their significant growth to Robert Herjavec’s assistance in planning marketing and team-building events that were well-received by a range of companies.

They worked with important institutions such as the United States Air Force Academy, Ancestry, Washington Trust Bank, and Marmot.

Is Adventure Hunt still in business?

Adventure Hunt remains a thriving and dynamic business, well-positioned to capitalize on the growing demand for unique and engaging social activities. In today’s overstimulated society, people are increasingly seeking new experiences to share and document on social media, and Adventure Hunt offers the perfect platform for these adventurous pursuits.

The integration of social media into Adventure Hunt’s challenges has been a key factor in its success, encouraging participants to share their experiences, photos, and videos online. This user-generated content not only promotes the brand but also attracts new participants eager to join in the fun and excitement.

To further expand its reach and appeal, Adventure Hunt could consider adding more challenging activities and allowing clients to customize their experiences by selecting specific challenges. This flexibility would cater to a broader audience and enhance the overall adventure for participants, encouraging repeat business and word-of-mouth referrals.

With its innovative approach to team-building and social engagement, Adventure Hunt is well-positioned for rapid growth and continued success. By staying attuned to market trends, embracing new technologies, and delivering memorable experiences, Adventure Hunt will undoubtedly remain a leader in the experiential entertainment industry for years to come.

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FAQs:

What is Adventure Hunt?

Adventure Hunt, the next-level scavenger hunt experience that combines adventure, competition, and excitement in an exhilarating outdoor challenge. Co-founded by brothers Jared and Sean Bingham, Adventure Hunt has captured the imagination of outdoor enthusiasts and treasure seekers alike with its innovative and immersive gameplay.

What's the net worth of Adventure Hunt?

Upon its debut on Shark Tank, Adventure Hunt’s net worth was estimated by our research as $1.5 million and later pulled to $750,000. Their creative business’s market demand and prospects are the basis for their worth.

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