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Postcard On The Run Shark Tank Update

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Postcard on the Run is an application that can be downloaded on a smartphone. The app allows the user to take a picture, add a message or caption to it and send it to anyone as a postcard. The photo can be designed and edited on the app and turned into a postcard to share with dear ones.

Some music or video clips can also be added to the postcard through a website or a scan bar. The recipient can easily scan the code or visit the website link to check out the audio or video sent to them. Postcard on the Run is a photo-sharing software and printing company. The app provides a fun way to send postcards to loved ones living far off in just a few clicks.

Postcard on the run at a Glance:-

IdeaMobile application that helps to take photos and add messages to it.
FoundersJosh Brooks
Asked For$300,000 For 5%
Accepted Deal$300,000 For 7.5%
SharksRobert Herjavec
Business statusOut of Business
Episode No.Season 5, Episode 1

Index:

Who are the founders of Postcard on the run?

Joshua or Josh Brooks is the founder of Postcard on the Run. He started the business in 2011. He attended the University of Arizona from 1994 to 1998. After graduating, he wanted to work for a tech company and he joined Myspace. He was the head of marketing for three and a half years.

He worked hard to launch his own company and raised one million dollars for the same, launching On the Run Tech. He launched Postcard on the Run by collaborating with Selena Gomez, who invested in the business and helped market the app.

Did Postcard on the run get a deal on the Shark Tank?

Brookes came on the shark tank platform in the season, episode. Josh Brookes came on the show seeking an investment of $300,000 for an exchange of 5% equity in return. This is a modern application for clicking and posting pictures through mail. Before his appearance on the show, he had sold  $450,0000 worth of postcards, and 500,000 free downloads of the applications. Brookes shared that he had earlier raised $1.3 in funds. Mark Cuban goes out due to crazy valuation.

https://www.youtube.com/watch?v=e4Ci7l8aXe4

Kevin O’Leary agrees with Mark Cuban’s decision and went out too. Barbara Corcoran said, “I love postcards, but as there is a limitation to printing a message there, it makes it fizzy” and hence, she went out. Lori Greiner disagreed to the point that using technology is called proprietary and went out. Robert Herjavec said his kids would love to use his app, especially as Selena Gomez is involved in it. Robert was also not happy with the high valuation asked.

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Robert Herjavec gave an offer of $30,0000 in exchange for a 10% equity. Brooks gave a counteroffer asking for a valuation of $5 million. Robert said he couldn’t go above the $4 million valuation offer so Brooks gave another counter asking for $4.5 million. Robert didn’t zig-zag and Brooks finally accepted Robert’s offer and made the deal.

What happened to Postcard on the run after the Shark Tank Show?

After the show, the deal made between Postcard on the run and Robert Herjavec was closed. After the airing of the show, the Postcard run enjoyed great success as lots of people were onto it. After the show, the success of Postcard and its popularity created the biggest hindrance in front of them only. The postcard was a niche business concept, but after the show aired many competitors appeared in the market. New start-ups were started similar to that which was impacting the growth of Postcard run.

During the pitch, the postcards on the run came up with a valuation of $6,000,000. All the sharks were out due to high valuation demand without any justification. Robert Herjavec said he saw potential in it and gave a valuation offer of $3,000,000. Brook asked for a valuation of $5,000,000, which was denied by Robert and he took the deal at a valuation of $4,000,000.

After the show, postcards on the run were not very active on social platforms. Their website and application were still active but were not as active as before. The last blog was posted at the end of December 2013 by the website. As of 2015, they announced that postcards on the run will no longer be available for service. The placed orders will be shipped on the given date.

Competitors of Postcard on the run are:-

  • Richards
  • Mepco Label Systems

What is the net worth of Postcard on the run?

The valuation for the Postcard show on the run was $6,000,000, which was brought down by Robert to $4,000,000. The estimated net worth of postcards on the run is full.

Is Postcard on the run still in business?

Postcards on the run have had a great journey in the business world but they are longer in operation. As of 2015, they announced that they are no longer in service.

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What is Postcard On The Run?

Postcard on the Run is an application that can be downloaded on a smartphone. The app allows the user to take a picture, add a message or caption to it and send it to anyone as a postcard. The photo can be designed and edited on the app and turned into a postcard to share with dear ones.

Who founded Postcard On The Run?

Joshua or Josh Brooks is the founder of Postcard on the Run. He started the business in 2011. He attended the University of Arizona from 1994 to 1998. After graduating, he wanted to work for a tech company and he joined Myspace. He was the head of marketing for three and a half years.

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