Press "Enter" to skip to content

What Happened to Qball After Shark Tank?

0

Qball is a wireless microphone that is placed inside a throwable ball. Qball can be thrown anywhere in the room and can be used in the classroom, Q and A, presentations, and meetings. Qball is a portable and throwable wireless microphone. Qball is made of a light, soft and durable foam.

Qball is not made only for students but also for teachers to use this innovative technique to capture the attention of the student. Qball features a battery life of 10 hours, a 75-foot operating range, quiet toss capabilities, and automatic frequency selection. Qball is a wireless microphone inside foam and it makes communicating simple and fun.

Qball at a Glance:-

IdeaA throwable foam encased  wireless  microphone  system
FoundersShane Cox
Asked ForS200,000 for 15% equity
Accepted Deal$300,000 for 30% equity
SharksLori Greiner, Mark Cuban and Rohan Oza
Business statusIn Business
Episode No.Season 9, Episode 2
Website https://buyqball.com/
Buy on AmazonBuy Now!

Index

Who is the founder of Qball?

Shane Cox is the founder of Qball and it was founded by him in 2015. Shane, along with two of his mates, got Qball funded with the help of the successful IndieGoGo Campaign. Due to production issues, they were not able to go down shipping till 2017.

Did Qball get a deal on Shark Tank?

Shane Cox came on the show in search of an investment of $200,000 for 15% equity in exchange. After the pitch, he threw the ball toward Mark and he talked through it. He shared that Qball had a patent-pending. He shared that a school teacher had tried it and gave an order for more. Shane shared that he needed investment to buy inventory because he went running out.

Robert Herjavec didn’t like the idea of selling it to schools and the government as it takes a too long time, so he moved out whereas other sharks thought that selling it to the corporate field is much easier. Rohan Oza, Lori Greiner, and Mark Cuban three came together with an offer of $300,000 for 30 % equity in exchange.

See also  Hungryhouse Dragons' Den Update

Shane Cox gave a counter of $300,000 for 25% equity. Mark Cuban said that it was non-negotiable, in the end, Shane took the trio’s deal and the pitch got closed at $300,000 for 30% equity.

What happened to Qball after Shark Tank?

After the show, the deal was closed between the trio and Shane. After the air date, Qball made $3.9million in sales. After a few years, they got integrated with Alexa. Qball received lots of orders from school on trial periods. Qball resulted positively both for teenagers and adults.

Qball cost $52 per unit in manufacturing whereas they sell it for $179. Shane had done $177,000 to date sales – up to 90% among them is purchased by schools. Currently, they are having $1million in annual revenue. Qball Digital Agency’s revenue is <$5 Million. They asked for a valuation of $1.3 million and got a $1 million valuation in the end.

Competitors of Qball

  • Web Value
  • Sandes Media
  • ME.
  • Tonor and road microphones

What is the net worth of Qball?

At the time of their Shark Tank appearance, Qball’s net worth was around $1 million. From the initial air date, the company did $3.9 million in sales. As of 2021, they are still in business doing $1 million sales in annual revenue.

Is Qball is still in business?

Yes, Qball is still in business as of 2021 and doing well with ongoing years.

Do Share Your Thoughts:

Do tell us all your thoughts in the comments section below, we look forward to reading all the comments in the section below.

Also, do check our Startup Resources section, and don’t forget to join our weekly newsletter 📰 which contains pure startup and business wisdom and no bullshit!!

Do follow us:

Related Articles:

What is Qball?

Qball is a throwable foam encased wireless microphone system.

Who founded Qball?

Shane Cox is the founder of Qball and it was founded by him in 2015. Shane, along with two of his mates, got Qball funded with the help of the successful IndieGoGo Campaign.

Leave a Reply