Shark Tank Overplay, a video game creation app founded by Dan Projansky and Caroline Strzalka, entered Shark Tank USA in 2024 on Season 15. The founders were seeking $500,000 for 2.5% equity. However, they secured a deal with Mark Cuban, $500K for 4% equity. In this article, we will explore Overplay’s net worth in 2024, its Shark Tank pitch summary and more.
Overplay Net Worth
According to the Shark Tank deal, Overplay’s net worth is $12.5 million as of March 2024, and its annual revenue is not available.
| Net worth | $12.5 million *estimated |
| Annual Sales Revenue | Not Available |
| Profits | Not Available |
| Lifetime sales | $3.7 million |
| Employees | 2-10 employees |
Overplay Net Worth Timeline
| Net Worth 2024 | $12.5 million (After business valuation on Shark Tank) |
| Net Worth 2023 | $12 million |
Shark Tank Overplay Update from Season 15
Overplay is an app where you can turn videos into games. You don’t need to know how to code or pay anything.
What’s great about Overplay is that it wants everyone to be able to make games, not just experts. It mixes social media fun with exciting games. Also, you can create games using it. The games weren’t big, online games but short ones, less than a minute long.
Overplay has special tech and an easy-to-use setup. Big investors like Village Global and Sound Media Ventures believe in it, making it stand out in the market. What’s neat is that you can turn videos about anything – like biking, makeup, or memes – into interactive games. You can even make games out of ads or movie trailers. Overplay’s AI technology is patented, making it unique.
In the 18th episode of Shark Tank Season 15, entrepreneurs Dan Projansky and Caroline Strzalka showcased their new app. They were seeking 500,000 for 2.5% equity, valuing the company at $20 million. They wanted to get a great deal from one of the Sharks.
Jason Blum, a guest on the show, warned that the product needs to have impressive sales since its valuation was $20 million. Caroline mentioned they’ve already softly launched products on both iOS and Android platforms.
Before entering the show, they already had more than 1 million people playing their games and over $150,000 in downloads. They were not planning to make money from sales until next year. However, they’ve already raised $3.7 million and given away about 20% of the company.
During filming, they had approximately $750,000 left in their bank account. Dan explained that Overplay will make money through interactive advertising on the app’s platform.
Barbara Corcoran wanted to know about their backgrounds. Caroline said they met in 2008 during their time at the Sesame Workshop. In there, Caroline handled digital media business development, and Dan managed interactive production. They made over 60 interactive products together for Sesame Street.
However, Barbara decided not to invest because she lost money due to a similar application before. Jason also went out of the deal stating that he also lost money due to a similar application.
Finally, Mark offered $500,000 for 15% ownership. Dan suggested $500,000 for 3.25% ownership plus 0.75% in advisory shares. Mark then proposed $500,000 for 4% ownership, plus Overplay pays him $500,000 to promote and create content for the app.
The partners weren’t expecting such an offer, but after a brief pause, they agreed to Mark’s terms.
| Company Name | Overplay Games, Inc |
| Founders | Dan Projansky and Caroline Strzalka |
| Business | A gaming platform and game creation system |
| Episode | Season 15, Episode 18 |
| Asked Deal | $500,000 for 2.5% equity |
| Final Deal | $500,000 for 4% equity, plus Overplay pays Mark $500,000 for promoted and created content |
| Shark | Mark Cuban |
| Business Status | In Business |
| Company Website | Visit Website |
| Headquarter | Greater New York Area, East Coast, Northeastern US |
What Happened to Overplay after Shark Tank?
As of March 2024, the Overplay is still in business. They are inviting everyone to invest in their community investment round through Wefunder, with a minimum investment of $100. The money raised will help Overplay hire more people, make the product better, and get more users.
Lots of creators are excited about trying out the beta version of Overplay’s Game Maker. This means the future is really bright for this gaming platform. You can download the app for free on both Google Play and the Apple Store.
Currently, it has around 2K followers on Instagram. Dan Projanski and Caroline Strzalka will likely increase this number greatly when they appear on ‘Shark Tank.’ You should also visit their website to find out more about the app.
Overplay Founders
Dan Projansky and Caroline Strzalka are the founders of Overplay, and it was started in 2020. Projansky, a game designer, made games for Xbox, Playstation, and Nintendo, and he was nominated for an Emmy award. He’s also made apps that have been downloaded over 25 million times.
Strzalka is an experienced entrepreneur and business development leader. She has formed successful partnerships with big streaming services like Netflix, Hulu, and YouTube. Strzalka also has experience in investment banking.
Overplay Achievements and Awards
| Year | Achievements and Awards |
| 2024 | The company was featured on Shark Tank Season 15 and got the deal from Mark Cuban |
Conclusion
Shark Tank is a TV show showcasing different business ideas, helping them succeed. Overplay was one of the ventures featured on the show. They made a deal with Mark Cuban, 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 18.
