K3 Shooting Band -Featured On Shark Tank

Description

K3 Shooting Band Shark Tank

Key Points:

About the K3 Shooting Band Product:

• It is a resistance band designed for the pointer and middle fingers to help improve basketball shooting form and technique.
• The band is claimed to help create muscle memory, improve shooting rotation, increase shooting range, and enhance proper form.
• It is available in both children and adult sizes.
• Some customer reviews are mixed, with one saying it did not deliver as promised and there are better options to improve shot rotation

Nicky Young Introduces K3 Shooting Band:

• Former basketball player Nicky Young introduced the innovative K3 Shooting Band on Shark Tank, focusing on improving jump shots.
• The band strengthens the middle two fingers crucial for shooting accuracy.

Sharks Involved and Deal Made:

• Lori Greiner and Michael Rubin struck a deal with Nicky, investing $100k for 40% equity in her company.
• This valued the company at $250,000, leading to increased website traffic and sales for K3 Shooting Band.

Post-Shark Tank Success:

• With a net worth of approximately $302k and a strong presence on Amazon and through their website, the business is flourishing.
• Based in New York, the K3 Shooting Band gained significant exposure post the show.

Founder’s Background and Passion:

• Founder Nicky Young, inspired by her pro basketball player father, created the K3 Shooting Band in 2009.
• Her passion for helping players excel and improve their shots led to the creation of the product.

Pitch and Reception:

• Nicky presented the K3 Shooting Band to the sharks, seeking $100,000 for 20% in a $1 million valuation.
• The unique product received interest and investment from Lori Greiner and Michael Rubin.

Product Details and Availability:

• The K3 Shooting Band is designed for strength and accuracy improvement, available for adults and children.
• Priced at $19.99, it can be purchased at Walmart, the official website, and Amazon.

Shark Reactions and Final Deal:

• Kevin O’Leary, Mark Cuban, and Barbara Corcoran passed on the opportunity while Lori and Michael made an offer.
• An agreement was reached for $100,000 in exchange for a 40% equity stake.