|SEASON 12 EPISODE 23|
|Pitch||portable basketball training machine|
|Asked For||$250,000 for 5%|
|Deal||$250,000 for 25%|
|Shark||Mark Cuban and Barbara Corcoran|
What is Grind Basketball?
Grind Machine is the world’s first portable shooting machine. It automatically passes the ball back to the shooter and even captures missed shots.
Its packaging is revolutionary as it collapses down into the size of a large duffel bag within 90 seconds.
You can set up this pneumatically powered shooting machine under any basketball goal. Grind shooting machine rotates 190 degrees and passes the ball into five positions on the court to help you train like a great athlete
Who Founded Grind Basketball?
Thomas Fields is the founder and Chief Executive Officer of Grind. He grew up always wanting to be an NBA player to raise his family’s living standards. His dad and mom worked early morning and night shift jobs to earn a living. Fields’ goal was to excel in school to get a scholarship and go to the NBA, which was unsuccessful. Today, he has founded Grind, the world’s first portable shooting machine, which is made for the consumer.
For the love of the game, Fields could go to the gym as early as 5 o’clock in the morning to access the school’s $6,000 shooting machine. This was roughly two hours before students were set to begin the school day. Since his family could not afford such a machine, he had to find a way out.
Fields began to sketch a design for a shooting machine that could quench his thirst for shots. He got more and more into it until he was obsessed with finding the solution. He started a $15,000 company to make the Grind shooting machine. The company launched the product on March 1, 2020, and sold $215,000 worth of units in 5 months.
What Happened After Shark Tank Update
Did Grind Basketball Get a Deal on Shark Tank?
On Shark Tank Season 12 Episode 23, Thomas Fields accepted an offer of $250,000 for 25% ($1 million valuation) of his basketball training machine, Grind Basketball, from Mark Cuban and Barbara Corcoran.