What Happened to Rugged Maniac after Shark Tank?
What is Rugged Maniac?
Rugged Maniac is an obstacle course competition hosted in cities around the United States and Canada each year.
Participants must finish a 5 kilometer (3.1 mile) course that involves muddy water slides, crawling through tunnels, jumping over flaming logs, and scaling gigantic, curved walls.
Rob Dickens and Brad Scudder formed Rugged Maniac, the holding company for Rugged Races, in 2010. Both Rob and Brad have legal backgrounds.
Competitions are held over varying lengths for teams or individuals, with competitors competing over timed obstacle courses.
Rugged Maniac has been compared as a cross between mud marathons and obstacle course racing. Initially, the event was hosted in four cities: Palm Beach, Florida; Raleigh-Durham, North Carolina; San Diego, California; and Doylestown, Pennsylvania.
The 2016 route was considerably altered from previous courses in order to eliminate the use of water and mud entirely and to raise the overall difficulty of the race.
Who is the creator of Rugged Maniac?
Rugged Maniac was formed in June 2010 by Brad Scudder, a former attorney and the company’s founder and CEO. Rob Dickens, the company’s co-founder and COO, formerly worked on Wall Street as a corporate lawyer at Milbank, Tweed, and Hadley & McCoy.
The first Rugged Maniac race was held in October 2010 in Southwick, Massachusetts, with around 2,000 race participants.
Scudder used his earnings from the previous two years as a lawyer to fund the event, which comprised 330-person racing waves every half hour and a racers-only celebration with music, food, and booze.
The festival has expanded to 30 event days across the United States and Canada since then.
The largest event, held at the debut New England venue Southwick, MA, in the fall of 2015, had over 12,000 total race participants.
Rob earned his law degree from Washington and Lee University and worked for a New York legal company. He is still employed by the company, where he serves as COO and CMO.
Brad studied law at the University of Connecticut and worked as an attorney for a Massachusetts-based company.
What Happened to Rugged Maniac’s Pitch on Shark Tank?
Brad and Rob became more active in their quest for investors after the experience of the company’s development, and they elected to take their firm before the Sharks’ investors.
They each entered the Shark Tank with the hopes of receiving a $1 million investment in exchange for 10% of their company, worth $10 million.
They also show video evidence of some of their award-winning obstacles being conquered by a swarm of customers.
They will, however, hold race events at 20 different places around the country. Brad estimates $4.2 million in sales with a $1 million profit, whereas Rob anticipates $6.5 million in sales with a $2 million profit. The Sharks were delighted with the sales, and Rugged Maniac need an additional $2 million investment.
Robert Herjavec accepts her offer of $1.5 million for a 25% share in both businesses. Meanwhile, Daymond John and Barbara Corcoran backed out of the deal.
Kevin O’Leary offers $1.5 million for a 50% stake in the firm with Robert Herjavec, but the two would want a third stake. Mark Cuban quickly offers $1.5 million for a 25% share in both businesses.
They counters Mark Cuban’s offer of $1.75 million for 25% stakes in both companies. They eventually came to a deal with Mark Cuban.
What became to Rugged Maniac after they left Shark Tank?
Since the transaction, the Bugged Maniac has developed considerably. The business had $4.2 million in revenues prior to the Shark Tank presentation; following the broadcast, sales climbed to $10.4 million.
Over 200,000 racers competed in the firm’s Rugged Races, and the company has moved to a larger headquarters with more than 20 employees. The company has expanded into Canada.
Brad left the company in 2020 and is now a senior vice president for the USA Today network. In 2021, Rob is still the company’s COO.
Rugged Maniac Rough Mudder’s major competition in the market is Rough Mudder.
Rugged Maniac’s net worth
During the pitch, the firm was valued at $10 million, and the net has increased as a result of the company’s increased sales.
Rugged Maniac FAQs
What is Rugged Maniac?
Rugged Maniac is a winter obstacle course and race. The event involves participants crossing different obstacles such as mud, water, logs, walls, and other obstacles in a 5-kilometer (3.1 mile) race. Participants compete against each other to see who can finish the most obstacles in the shortest time.
Where does Rugged Maniac take place?
Rugged Maniac takes place at different locations around the US and Canada throughout the year.
How does Rugged Maniac work?
Rugged Maniac works similarly to Tough Mudder or Tough Mudders. The event is consistently held at the same location, which means there are the different amount of obstacles, and the amount of time it takes to finish each obstacle varies.
Each Rugged Race is about 5 kilometers long, with an average of one obstacle in each half-kilometer (1 mile).
How much does Rugged Maniac cost?
Rugged Maniac costs $99. The fee includes a T-shirt and access to the event.
How can I get involved with Rugged Maniac?
Anyone can participate in the races. However, participants are required to register before they attend. Registration and more information can be found at Ruggedmaniac.com
Participants must be 18 years or older to compete as it is a physically demanding event.
What training do I need for Rugged Maniac?
Rugged Maniac suggests that individuals undergo physical exercise at least three times a week for one month prior to the event to prepare for the race.
Is it legal for me to participate in Rugged Maniac?
Participants must be 18 years or older to compete as it is a physically demanding event. The Obstacle Course Racing Association, which is the governing body of all obstacle course races, requires participants to have a valid driver’s license.
What kind of gear do I need for Rugged Maniac?
Rugged Maniac suggests that participants should wear warm clothing such as fleece jackets and head wraps, which will help them, stay warm and dry during the race.
What are the rules for Rugged Maniac?
The rules for Rugged Maniac are simple. Participants must follow the guidelines set by the Obstacle Course Racing Association. Participants must obey all local and state laws, including those states that require participants to wear seat belts.
Do I need to know how to swim?
Rugged Maniac does not require participants to know how to swim. However, all participants must check-in before the event begins.
Can I compete in different groups?
No, participants compete against other participants in the same events.