Jump forward is an American-based mobile and web technology provider founded in 2008 by former Cisco System’s Product Manager, Adam McCombs that provides student-athletes a platform to create profiles showcasing their skills, interests, and accomplishments.
They work with universities and provide products that are used by sports athletes, coaches, and trainers to identify the best in the business.
Jump forward at a glance:
| Idea | Online service to enhance colleges’ athletics department to help student-athletes. |
| Founders | Brian Duggan and Adam McCombs |
| Asked for | 150,000 for 10% at $1.5 million valuation |
| Accepted deal | $600,000 for 50% |
| Sharks | Kevin O’Leary and Robert Herjavec. |
| Business status | In business |
| Episode | Season 4 Episode 9 |
| Website | Jump forward |
Index:
Founders Story:
As a kid, McCombs loved playing soccer and later he got recruited by many colleges but the recruitment process made him really frustrated. According to him, it was highly inefficient and annoying.
After watching how many big athletes were being ignored in their high school years. He decided to create a platform where high school athletes can create profiles of themselves and recruiters or coaches can check out high school athletes.
What happened to Jump Forward after the “Shark Tank” show?
Shark Tank is an American Tv series that features a panel of investors “Sharks” who are looking for some new and innovative business ideas of Aspiring entrepreneurs from around the globe so that they can invest money in their idea and make money out of it.
When Adam McCombs, the founder, and Brian Duggan, the strategic Advisor of Jump Forward, appeared on the show. They were looking for a $150,000 investment in exchange for a 10% stake in the company. But they ended up getting $600,000 for 50%, $450,000 more than they went in asking for.
Since appearing on Shark Tank, Jump Forward just got better and better. The company now serves in more than 150 college athletic departments and boasts a 99% annual subscription renewal rate. As of 2021, Jump Forward has 20k+ coaches, 350+ institutions, 255k+ student-athletes, and 16million recruiting profiles.
Jump Forward net worth:
At the time of the show, they were valued at around $1.2 million by Kevin O’Leary and Robert Herjavec. The major source of income for Jump forward is the subscription fee that they charge to universities for their annual plan and the advertisement.
According to the sources, in the last 5 years, the revenue of Jump forward has been around $3m-$5 million. In 2019, the company earned a revenue of $4.8 million which is expected to increase in 2020.
| Investor | Funding (in US Dollars) | Investor Type |
| Kevin O’Leary (from Shark Tank) | $300,000 | Angel Investor |
| Robert Herjavec (from Shark Tank) | $300,000 | Angel Investor |
| Jason Port | Not Revealed | Angel Investor |
Market Competitors of Jump Forward:
There are many competitors available in the market currently who are competing and giving a tough time to it.
| Competitors | Annual Revenue |
| Arms | $6.5 Million US Dollar |
| Front Rush | $10 Million US Dollar |
| Field Level | $4.8 Million US Dollar |
| Captain U | $12 Million US Dollar |
| Scout Force | $3.4 Million US Dollar |
| Corgi Bytes | $3.4 Million US Dollar |
| Brain Train | $12 Million US Dollar |
| Tudor Collegiate Strategies | $10 Million US Dollar |
Is Jump forward still in business?
As we look at Jump forward’s current revenue which is $4.8 million looks pretty decent for a local company but in the future is expected to increase as more investments for their 50% stake in the company are expected. Jump forward’s revenue is 6th among all the top ten rated competitors including field level and Arms.
As of 2021, Jump Forward has 20k+ coaches, 350+ institutions, 255k+ student-athletes, and 16million recruiting profiles. So, yes the company is profitable and one of the best for sports athletes in America.
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FAQs:
What is Jump Forward?
Jump forward works with universities and provides products that are used by sports athletes, coaches, and trainers to identify the best in the business.
Who founded Jump Forward?
Jump forward is an American-based mobile and web technology provider founded in 2008 by former Cisco System’s Product Manager, Adam McCombs that provides student-athletes a platform to create profiles showcasing their skills, interests, and accomplishments.
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