ActionGlow Shark Tank Episode 7 Update & Net Worth
ActionGlow Shark Tank Episode 7 Update & Net Worth ActionGlow is a company founded by brothers Garret and Dakota Porter that creates LED lighting systems for sports equipment like snowboards, surfboards, and skateboards. Their product is designed to enhance nighttime sports activities with vibrant, customizable lights. They appeared on Shark Tank Season 14, Episode 7,…
ActionGlow Shark Tank Episode 7 Update & Net Worth
ActionGlow is a company founded by brothers Garret and Dakota Porter that creates LED lighting systems for sports equipment like snowboards, surfboards, and skateboards.
Their product is designed to enhance nighttime sports activities with vibrant, customizable lights. They appeared on Shark Tank Season 14, Episode 7, seeking $200,000 for 15% equity.
After a compelling pitch, they secured a deal with Robert Herjavec for $200,000 in exchange for 30% equity. As of the latest updates, ActionGlow continues to thrive with an estimated annual revenue of around $500,000.
What is ActionGlow? How Does it Work?
ActionGlow provides an innovative LED lighting system that enhances sports equipment like snowboards, skateboards, surfboards, and more. These LED lights are designed to be bright, durable, and lightweight, making them ideal for night sports.
The lighting system is easy to install, typically taking only about five minutes, and allows users to customize their gear with vibrant colors that add a unique flair to their nighttime adventures.
The ActionGlow system attaches to the equipment using 3M VHB adhesive, which is strong enough to hold the lights in place even during intense activities but can be removed without damaging the equipment. The lights are 100% waterproof and come with multiple color modes, allowing athletes to express their style while ensuring visibility in low-light conditions.
ActionGlow Shark Tank Episode 7 Season 14: What Happened at Shark Tank Pitch?
Garret and Dakota Porter entered the Shark Tank seeking $200,000 for 15% equity in their company. They shared their story of how they started ActionGlow as teenagers after getting inspired by their love for snowboarding and frustration with the dullness of night sports.
Their pitch included a demo of the LED lighting system, showcasing its ease of installation and the vibrant effect it adds to sporting gear.
Despite the brothers’ enthusiasm and the unique appeal of their product, most sharks were hesitant. Kevin O’Leary liked the product but was concerned about the potential for knockoff products, so he dropped out. Lori Greiner appreciated the product but felt it was too early for an investment. Mark Cuban and Barbara Corcoran also opted out, citing concerns about the scalability and market potential.
However, Robert Herjavec saw potential in the business and offered $200,000 for 30% equity. After a brief negotiation, where the brothers attempted to lower the equity percentage, they ultimately accepted Robert’s offer.
ActionGlow Shark Tank Pitch Summary
| Company Name | 45th Parallel Lighting, LLC (ActionGlow) |
| Founder | Garret Porter and Dakota Porter |
| Product | LED Lighting System for Sports Equipment |
| Amount Asked For | $200,000 for 15% equity |
| Final Deal | $200,000 for 30% equity |
| Investor | Robert Herjavec |
| Season & Episode | Season 14, Episode 7 (Shark Tank USA) |
| Lifetime Sales | $130,000 estimated |
| Business Status | In Business |
| Current Net Worth | $500,000 estimated |
What Happened To ActionGlow After Shark Tank?
After securing the deal with Robert Herjavec, ActionGlow experienced a significant boost in visibility and sales. The company’s LED lighting system gained attention from sports enthusiasts, leading to increased orders and a stronger market presence.
The brothers continue to work on expanding their product line and improving their marketing efforts, with Robert’s support proving invaluable in scaling their business.
ActionGlow has since expanded its offerings, providing lighting systems for various sports, including snowboarding, skiing, biking, surfing, and more. The company has also improved its product with new features, such as dynamic color modes and enhanced durability.
How Much Is ActionGlow Worth?
As of 2024, ActionGlow is estimated to be worth between $500,000 and $1.1 million. This valuation is based on the company’s growth since appearing on Shark Tank, their sales figures, and the investment deal with Robert Herjavec. With continued innovation and market expansion, the company is poised for further growth.
Is ActionGlow Still in Business?
Yes, ActionGlow is still in business as of January 2024. The company continues to operate out of Traverse City, Michigan, and has expanded its product line and customer base. Their products are available on platforms like Amazon and their official website, with positive reviews highlighting the quality and impact of the LED lighting systems.
Which Episode Number was ActionGlow Shark Tank?
ActionGlow was featured on Shark Tank Season 14, Episode 7, which aired on November 18, 2022. The episode showcased the entrepreneurial spirit of the Porter brothers and their innovative LED lighting system for sports equipment.
