What Happened to Pricetitution After Shark Tank?
What is Pricetitution?
Pricetitution is an adult party game based on the concept that everyone has a price. Armed with a set of 160 Price Tag cards, each participant estimates how much it would cost a friend or family member to do something crazy.
Former adman Dan Killian of Chicago, the developer of Pricetitution, came up with the idea while discussing with his buddies. Dan, 31, graduated from Davidson College with a Bachelor of Arts in Psychology and a minor in Spanish.
He also loved better humor. He worked for a creative advertising business for 9 years after finishing his studies before leaving to create Pricetitution in 2017.
The game is based on the motto “Everyone has a price,” and it makes routine interactions more amusing. It is based on the age-old adage that everything has a cost.
Pricetitution was founded by whom?
Dan Killian, the founder of Pricetitution and a former adman from Chicago, had the concept while discussing with his friends. Dan, 31, graduated from Davidson College with a Bachelor of Arts in Psychology and a minor in Spanish.
He also liked to enhance his sense of humor. He worked for a creative advertising business for 9 years after finishing his school before leaving to create Pricetitution in 2017.
It’s designed as an adult “get to know you” party game, and it turns things you already talk about into a game. A player (the Pricetitute) chooses a price tag from the deck to begin the game.
The other players get a minute to interrogate the Pricetitute to gauge their reaction. Following that, everyone writes down the lowest cash amount at which the player is willing to execute the assignment.
Then everyone shares their pricing, and the one with the lowest price earns a point. The first person to score four points wins the game.
Dan founded the firm in December 2017 after a successful Kickstarter campaign collected $23,500. Amazon charges $21.99 for a game with 125 price tag cards. Panda Manufacturing, a well-known game manufacturer, created the game for him.
What Happened to Pricetitution During the Shark Tank Pitch?
Dan opted to showcase his product to Shark Tank investors in episode 19 of Season 10 to help him obtain distribution into toy and gaming stores as well as marketing.
Dan entered the Shark Tank seeking $100,000 in return for a 20% stake in his firm, which worth $500,000.
He is a Sharks player who also delivers samples. He’s made $40,000 in sales in only two months. The Sharks are particularly impressed with the potential deals he has on the table.
He is thinking over a number of licensing offers, including one from Panda. Dan has so far turned down the offers because he wants to do what is best for him in the long term and was looking for the ideal strategic partner.
The Sharks like the concept and Dan’s branding, and offers start coming in. Kevin O’Leary is the first to make a Sharky offer of $100,000 for half of the firm.
Dan’s branding efforts are admired by Rohan Oza, who offers $100,000 in return for 40% ownership of the firm. Lori Greiner extends a comparable offer to Rohan Oza.
Barbara Corcoran supports the concept, but she encourages people to come up with their own answers and classifications. Nonetheless, she offers $100,000 for 50% ownership of the company.
At this point, Rohan and Lori join forces to make a $100,000 bid for 40% ownership of the firm. Dan was excited to have two Sharks on board, so he accepts and walks away from the pitch with a deal.
What Became of Pricetitution After Shark Tank?
Dan, Lori Greiner, and Rohan Oza concluded the deal after applauding throughout the pitch. Pricetitution is still in operation today, and it has 160 price tag cards.
Panda Manufacturing makes the cards, which are then available for purchase on Amazon. It continues to obtain 5-star ratings, and the company just celebrated its five-year anniversary, which will be in 2020.
While no details on potential licensing agreements are available, you can bet Lori and Rohan are actively aiding Dan in pursuing a strong deal on that front. Even though there is no licensing deal in place as of June 2021, the game remains popular.
Pricetitution’s Net Worth
During the pitch, the company was valued at $500,000; after the two Sharks invested, the firm was valued at $250,000.
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How many cards are available in the game?
There are 160 cards in an organized deck. Each card has a name and a price on it, and the player guesses how much a friend would cost for a given job.
The names on the cards mock celebrities, family members, and even pets. The game can be played by kids 13 years old and up.
Is it a fast-paced game?
The game is relatively slow-paced, and each player has about a minute to question the Pricetitute about their responses. The players then have about 10 minutes to complete their estimations. The team with the lowest price wins each round.
How difficult is the game to play?
It’s quite simple and easy to play, particularly when complemented with social interaction.
How many people can play the game?
The game is designed for 3–8 players, but it’s received positive reviews from users who claim that it works with up to 20 people.
How long will the game last?
The maximum playing time is about 45 minutes per round.
What ages is the game appropriate for?
All ages are suitable to play this game, such as adults and kids over 5 years of age.
How much does it cost?
The Amazon price is $21.99 + $6.50 shipping, but they can purchase it from their favorite online retailer for less than that price. The typical retail price is $25.00 to $30.00, depending on where they buy it.
Does the game come with instructions?
Yes, instructions are included; they are quite simple and easy to follow too!
What are people saying about the game?
The table below shows what people have said about the game.
Does it come with a guarantee?
Yes, customers have 30-day money back guarantee if they aren’t satisfied. Amazon offers free return shipping too.
Are any improvements being made to the game?
The original product will remain the same but is expected to undergo a makeover in the future.
What is Pricetitution made of?
The manufacturer is Panda Manufacturing, which is a well-known game manufacturing firm.
Does it ship from the U.S.?
Yes, the game ships from USA and can be purchased on Amazon.com.
How do I pay for Pricetitution?
The recommended payment is via credit card or debit card.