Brian Duggan and Adam McCombs entered the Shark Tank for season 1. See where they are today, do they still own the business? Find out now.
Business Name
Jump Forward
Founder(s)
Brian Duggan and Adam McCombs
Business Genre
Sports
Shark Tank Season and Episode #
Season 1 Episode 10
Asking Price
$150,000 for 10%
Business Status
In Business
What is Jump Forward?
Jump Forward is a software geared towards athletes. It helps athletic departments, coaches, etc. operate more efficiently and communicate better. Student athletes create profiles that showcase their educational goals, athletic accomplishments, interests, and skills. Jump Forward also works with universities and athletic programs to provide sports strategy information so they can identify the best of the best.
Yes, Brian Duggan and Adam McCombs made a deal with two sharks: Kevin O’Leary and Robert Herjavec. The deal was for $600,000 for 50%. Apparently, it didn’t close.
Shark Tank Recap
Barbara Corcoran went out early because she thought the technology business was too risky. Season 1 shark Kevin Harrington declined to offer a deal for the same reason. Daymond John went out as well, leaving Kevin and Robert as the only two sharks left.
Kevin was impressed by their backgrounds, and made an offer for $200,000 for 20%. Robert spoke up next, saying he’d do $200,000 for 20%. Kevin and Robert worked out a combined deal: $400,000 for 50%, and proposed it to Brian and Adam. They declined, making a counteroffer, which the sharks refused. A couple more rounds of negotiating later, and they finally settled on the $600,000 for 50% deal.
Jump Forward Shark Tank Recap: How Much Did They Ask For?
They asked for $150,000 for 10%.
Who is Adam McCombs, co-founder of Jump Forward?
Adam McCombs is the co-founder of Jump Forward. He graduated from the University of Notre Dame with an MBA, and started Jump Forward with Brian Duggan in 2008. Adam’s love of sports throughout his life and frustration with the recruitment process spurred the idea for Jump Forward. By 2017, he was working as Chief Product Officer at companies like Livly and LINQ. Currently, he works at Vantaca LLC in the aforementioned position.
Are They Still in Business?
Yes, Jump Forward is still in business. But, Brian and Adam are no longer behind it. In May 2016, the business was acquired by Active Network. The company services over 150 college athletic departments and boasts a 99% annual subscription renewal rate.
Our #JumpForward team is excited to announce JF for student-athletes is now available for download. Find it in the App Store or Google Play. pic.twitter.com/yV0im6KG1L
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