What Happened to Adventure Hunt after the Shark Tank Pitch?

What is Adventure Hunt

Adventure Hunt Adventure Hunt is a company that has a mobile applications to facilitate the organization of treasure hunts.

Adventure Hunt provides customers with excitement and adventure while meeting new people through scavenger hunts modeled after the famous television show Amazing Race.

Adventure Hunt began in 2015 as a marketing event for KZ, but swiftly grew to encompass much more in a few of months.

Jared and Sean Bingham established Adventure Hunt, which arranges live treasure hunts, scavenger hunts, and corporate events around the United States, Canada, Australia, and New Zealand.

Sean and his brother/business partner Jared went on ABC’s Shark Tank on January 13, 2019, selling Adventure Hunt to the Sharks in what the mainstream media and ABC named “The Best & Most Entertaining Shark Tank Pitch of All Time!”

They grossed around $800,000 in their first 18 months of existence.

How is Adventure Hunt performed?

Adventure Hunt is a corporation that arranges treasure hunts in cities, offering prizes ranging from airline tickets to Panama to cash.

Teams of two to four individuals record themselves completing feats ranging from breaking an egg over their heads to practicing yoga on a raft in the middle of a lake.

They then upload these videos on Instagram in order to acquire access to a treasure map that would direct them to a hidden treasure hoard hidden somewhere in the city.

What Happened to Adventure Hunt at the Shark Tank

Sean and Jared appeared on Shark Tank, seeking $150,000 in exchange for a 10% stake in their firm, Adventure Hunt.

They disclosed that the organization attracts an average of 300 people every search, with fees ranging from $32 to $99.

Frankel gave them the money in exchange for a 25% stake in exchange for the brothers’ $150,000 demand for a 10% stake.

The Binghams chose to wait for a better offer, and she grew upset when Herjavec used some of her strategies and offered the same price as she did.

When everything was said and done, the Binghams chose Herjavec and paid him $150,000 in exchange for a 20% stock part in the firm. Frankel was naturally disappointed.

What Happened to Adventure Hunt after the Shark Tank Pitch?

Robert admired the business and believed it might succeed in the enterprise sector by conducting team development events.

He originally offers $150,000 for a 25% share, but after deliberating on the valuation, he reduces the offer to $150,000 for a 20% investment, which the entrepreneurs accept.

Robert’s contract was completed, and he supported them in establishing a corporate events component for their website.

Since then, they’ve conducted thousands of treasure hunts ranging from tiny family birthday parties to corporate bonding events for Fortune 500 companies and even components of the US military.

Among their corporate clients are Ancestry.com, Orange Theory Fitness, USAA, and Keller Williams.

In 2020, this firm encountered pandemic-related challenges. They offered “virtual” treasure hunts, which I’m not sure looked like.

They appear to have resumed hunting in the fall of 2020, but as of June 2021, they have not recovered to pre-pandemic levels.

Adventure Hunt 2021 Net Worth

Robert spent $150,000 in Adventure Hunt on Shark Tank in exchange for a 20% stake. This was a $ 750,000 corporate value.

Since then, the firm has expanded, and as of 2021, it is valued at close to $10 million.

Adventure Hunt FAQs

What is Adventure Hunt?

Adventure Hunt operates in a similar fashion to the iconic television show Amazing Race, giving clients opportunities for fun and adventure via scavenger hunts.

Jared and Sean Bingham, brothers from Utah, are Adventure Hunt’s co-founders and creators.

What was the deal?

Robert spent $150,000 in Adventure Hunt for a 20% stake. Robert’s proposal was approved, and he assisted the firm in extending its corporate event space.

How is Adventure Hunt conducted?

Adventure Hunt provides an opportunity to go treasure searching. They conceal treasure chests across a town and invite residents to compete in teams of two or more to discover the chest.

Vacation discounts and a grand prize of a complimentary trip to the Red Frog Beach Resort in Bocas del Toro, Panama, are also available.

Who is Adventure Hunt’s founder?

Jared and Sean Bingham, brothers from Utah, are Adventure Hunt’s co-founders and creators.

What types of Adventure Hunt events are there?

According to the firm, the entire experience is great for “corporate events, birthday parties, youth groups, treasure hunts, geocaching, and team-building exercises.”

What is the objective of the game?

Individuals participate in two-person teams in order to locate buried treasure boxes.

How is Adventure Hunt conducted?

Adventure Hunt is a firm that specializes in organizing treasure hunts using mobile applications.

What was the offer?

They accepted Robert’s offer of $150k in exchange for a 20% stake.

What challenges have they faced??

In 2020, the corporation faced pandemic-related issues.

What is Adventure Hunt all about?

Adventure Hunt is a scavenger hunt in which teams compete to answer clues and overcome obstacles in order to win adventure gear and complimentary holidays in Panama.

What inspired them to create Adventure Hunt?

They adored adventure and travel, and we wanted to urge people to go out more and push their physical and social comfort zones.

Adventure Hunt is still in operation.

Adventure Hunt is a great venue for family gatherings. The primary advantage is that everyone may participate in the activities they prefer.

The firm is still operational and expanding.

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