Shark Tank K3 Shooting Band, a resistance band founded by Nicky Young, telecasted Shark Tank USA in 2024 on Season 15. The founder was seeking $100,000 for 20% equity. However, they secured a deal with Lori Greiner and Michael Rubin, which was $250,000 for 20% equity. In this article, we will explore K3 Shooting Band’s net worth in 2024, its Shark Tank pitch summary, and more.

K3 Shooting Band Net Worth

As of April 2024, K3 Shooting Band’s net worth is unknown. However, K3 Shooting Band’s business valuation was $250K based on the Shark Tank deal in 2024.

Net worthNot Available
Annual Sales Revenue$43,000 (In 2022)
ProfitsNot Available
Lifetime salesNot Available
Employees1-10 employees

K3 Shooting Band Net Worth Timeline

Net Worth 2024Not Available

Shark Tank K3 Shooting Band Update from Season 15

The K3 Shooting Band is unique because it’s the only resistance band designed specifically for shooting basketballs. It fits over your pointer and middle fingers and adjusts on your wrist. It helps players shoot with the right spin, increasing their chances of making baskets.

After applying for 15 Seasons, Nicky, the founder of K3 Shooting Band, was finally excited to present her business on the show. During her pitch, she explained how the band works and gave each shark a sample to try. Mark Cuban tried it right away. Nicky asked for $100,000 for 20% equity with a $1 million valuation.

During the discussion, Sharks talked about how much it costs to make the K3 Shooting Band. The entrepreneur said it costs $0.91 to make, including packaging. But the founder said, they are selling it for $99. Even though Dick’s Sporting Goods initially stocked K3 Shooting Band in 80 stores across 29 states, they haven’t placed any more orders since then.

Barbara asked about the sales. Nicky said, In 2022, they made $43,000. But this year, they’ve only made $10,000 so far. Nicky sent the band to Clay Thompson’s NBA trainer, and when he shared it on social media, sales soared in 31 countries in just three days. 

However, Michael Rubin believed selling in retail would be challenging and suggested focusing on direct-to-consumer sales and an influencer program. Mark suggested contacting shooting coaches on social media for support, although he can’t help much as the Mavericks use different products. Kevin wanted more evidence of success with direct sales, so he opted out.

Barbara admired Nicky’s efforts but felt the product wasn’t right for her and exited the deal. Michael believed in Nicky, offering $100,000 for 50% of the business. Then, Lori also joined in, partnering with Michael for the same agreement. She mentioned her expertise in packaging and marketing. However, Nicky countered with 40% equity, and then Lori and Michael finally accepted Nicky’s counteroffer. 

Company NameK3 Shooting Band
Founder Nicky Young
BusinessThe K3 Shooting Band is a resistance band made for your pointer and middle fingers to enhance your jumpshot
EpisodeSeason 15, Episode 21
Asked Deal$100,000 for 20% equity
Final Deal$100,000 for 40% equity
SharksLori Greiner and Michael Rubin
Business StatusIn Business
Company WebsiteVisit Website
HeadquarterNew York City, USA

What Happened to the K3 Shooting Band after Shark Tank?

As of April 2024, the K3 Shooting Band is still in business. To get the K3 Shooting Band, you can visit the brand’s official website. Also, you can find it at Dick’s Sporting Goods and Walmart online in the US and Canada. 

Despite not having the highest sales on Shark Tank, her story shows that hard work pays off! With Lori and Michael’s support, we hope Nicky’s dreams for the K3 Shooting Band are on track.

K3 Shooting Band Founder

K3 Shooting Band Founder Nicky Young

Nicky Young founded K3 Shooting Band, which started in 2009. Nicky struggled with her jump shot during her basketball scholarship but couldn’t find a solution until she invented the band. After playing in college and professionally in Ireland, she returned to the US. Then, following an unsuccessful tryout with the Chicago Sky in the WNBA, she turned to entrepreneurship and created her product. 

Since she was young, love for basketball increased as she spent many hours playing with her father, who briefly played for the New York Knicks in the NBA. After playing basketball in school and college, she also earned a Bachelor’s Degree in Communication and Media Studies from Farmingdale State College. She wanted to support other players in achieving their goals by helping them grow.

Nicky led her college team to their first NCAA tournament and played professionally in the Dominican Republic before trying out for the WNBA. Also, she’s a fighter and dedicated to helping others excel in the game, positively impacting the basketball world. 

K3 Shooting Band Achievements and Awards

YearAchievements and Awards
2024The company was featured on Shark Tank Season 15 and got the deal from Lori Greiner and Michael Rubin

Conclusion

Shark Tank is a TV show showcasing different business ideas, helping them succeed. K3 Shooting Band was one of the ventures featured on the show. They made a deal with Lori Greiner and Michael Rubin, showing that success is possible with the right idea and execution. Now, we eagerly await to see how their success story unfolds in the future.

Before you leave, check out the other company updates in Season 15, Episode 21. 

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