Best of Shark Tank

Jump Forward Update

SEASON 1 EPISODE 10

PITCH

online service helping athletes, parents, coaches and college administrators navigate the college recruitment process

ENTREPRENEUR

Brian Duggan and Adam McCombs

ASKED FOR

$150,000 for 10%

GOT

$600,000 for 50%

SHARK

Kevin O’Leary and Robert Herjavec

STATUS

IN BUSINESS

Most professional athletes do not strike the attention of college coaches during their high school years. Seemingly, they go unnoticed during the college sports recruitment process. This is what triggered Adam McComb, with the great counsel of his strategic advisor, Brian Duggan, to launch the Jump Forward service. With this app, high school athletes could create their profiles and showcase their abilities and achievements online. On the other end, college coaches can log into the platform, explore countless profiles then select their best choice.

Besides coaches and athlete-students, Jump Forward also brings together parents and administrators to this very platform. What sets Jump Forward aside from its competitors is its strictness in preventing NCAA regulations violations, which attract massive fines.

Jump Forward: Background Information

Even before its appearance on Shark Tank, Jump Forward was still thriving. It already had over thirty schools, three hundred coaches, and six thousand potential athletes signed up for the service. Each school had to pay an annual subscription fee capped with maintenance and consultation fees, contributing to the company’s revenue. When Adam and his partner Brian appeared on Shark Tank, they asked for a $150,000 investment for a 10% equity in their company. According to the two partners, the business showed excellent growth potential as it had already generated $150,000 in three months.

Regardless of the company doing well, the two partners were more interested in the Sharks’ technology expertise. They further projected that the revenue would rise to as much as twenty million dollars, even without the company’s Sharks investing. However, a boost Shark Tank would make it thirty million.

After intensive deliberations and negotiations, two of the Sharks – Robert Herjavec and Kevin O’Leary were intrigued by this innovation and were ready to invest. However, their offer was $600,000 for 50% equity of the company. Although that was not what the two founders originally wanted, it was a better offer, which they accepted and closed the deal.

Jump Forward After Shark Tank: Where are They Now?

Jump Forward has been through a period of unprecedented thrive since its launch in January 2008. Currently, Jump Forward has a team of thirty-five employees serving 150,000 users and 175 college departments. Their website is still responsive and is updated regularly. The app has also been enhanced further and is freely available for all android, iOS, or blackberry devices. Owing to its efficiency and convenience, Jump Forward is immensely applauded by most of its users in the reviews.

Jump Forward’s Current Revenue and Top Competitors

Jump Forward’s current revenue stands at $4.8 million and is anticipated to upsurge over time. In addition, more investments for their 50% stake in the company are expected. Some of their leading competitors include Brain Train, Captain U, and Tudor Collegiate Strategies, whose revenues have exceeded the $10 million mark. Jump Forward’s revenue is 6th among all the top ten rated competitors. Other competitors include Field Level and Arms.

Visit the Jump Forward website

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