Shark Tank Season 9 Premiere Date and Slate of Guest Sharks Announced. The Sworkit co-founders advanced through the audition process and were set up with a producer. “I kind of affectionately call it the gift that keeps on giving.”, Copyright 2021 Bethesda Magazine. Getting Started With Sworkit. Lori deliberates before confirming that the valuation is just too high for her and for that reason, she declares herself out. Sworkit From 'Shark Tank' Is Available Now To Give You A Personal Trainer In Your Pocket. … Sworkit entered the Shark Tank to debut a fitness app that customizes your workout and requires no equipment. The only difference between those that got a deal and didn't is their business and marketing plans. Created by an MBA, Air Force pilot-turned personal trainer and Army vet-turned tech guru, Sworkit is designed as an alternative to all the complicated fitness app you have on your phone. Robert wants to know if they made money from the first product and Greg explains that since their company launched, they have made just under $2 million. Mark is very eager to invest in this product and is quick to ask Ben and Greg if he has a deal. It takes users through a five-minute to over an hour-long workout that contains 3 fitness components: aerobic, strength & resistance, and flexibility. Sounds easy right? I was getting more and more excited as I kept reading, which unfortunately lead me to make a novice mistake. Then there’s an entire investment process,” Coleman says. Ben explains that they want to double the number of people in their engineering team so they can further develop the speed at which the make advances to the SworkIt app. Here’s what happened when four local businesses gave it a shot. Kevin makes an offer to a speechless Greg and Ben. The free version of the app allows you to choose a set amount of time you can afford to dedicate to work out and all the user has to do is follow the instructions the app is giving you. Lori is interested to hear how long the duo has been in business. SworkIt, short for Simply Work It is an app that is built to give users four different types of workout â strength training, cardio, yoga and stretching. The Gazette Review is your daily news source covering everything from world news to personal finance.We provide the most recent, unbiased accounts of the news that matters to you.Contact us: email@example.com, Aquabot Pool Rover S2 40i – Robotic Pool Cleaner Review, Doorman Update â What Happened After Shark Tank, NFL Playoffs: All the First Round Matchups, People Seen In US Capitol Incident Are Losing Their Jobs. Finally, a fitness system that understands your pain, frustration, and schedule. Ben claims that SworkIt is like the Spotify only instead of songs you have various workout routines. Sworkit appeared on ABC's "Shark Tank" on February 19. The company has been seen on USA Today, Shark Tank, Tech Insider, and more, and has been included in workout, exercise, health, and fitness “Best Apps” lists in Women’s Health, Cosmopolitan, Inc., Healthline, Active.com, and more. After filming, shark Matt Higgins, who co-founded private investment firm RSE Ventures and has invested in restaurant companies Momofuku and &pizza, reached out to Soupergirl. I'm a big animal lover, a complete foodie and a Muay Thai newbie. 12 Days of ABC: Top Memorable Moments from Shark Tank Season 7. There are tons of fitness apps in the mobile app stores so, what makes Sworkit unique? With Sworkit, the feeling of being too busy, too intimidated, or too unmotivated will be a thing of the past. Ben explains that himself and Greg are the category leader in the fitness app market. The Polons asked the sharks for $500,000 in exchange for 10% of the business—a valuation that shocked the investors. Well, as I said, it's an app, so that part shouldn't be hard. In a heated moment, Cuban said, “Sara, you’re literally at risk of going out of business.” The mother-daughter duo walked out without a deal. 2018. Thursday, Aug 24. Sworkit Youth Initiative. Make 2020 the year you finally take control. Sworkit's CIO is here to walk you through the key features and benefits of our iOS and Android app. You don’t have to live in the gym to be fit. SworkIt, … The duo then go on to explain that the app is free and the revenue they have generated from SworkIt as a product is from the advertisements used in the free version of the app and the premium upgrades which cost $3.99. Further to that, the premium version of the SworkIt app is free from advertisements which may also be appealing to users. There is a core group of 6 sharks (Mark Cuban, Robert Herjavec, Barbara Corcoran, Lori Greiner, Daymond John, and Kevin O’Leary), 5 of which appear on any given episode of Shark Tank. If you cannot perform a certain exercise for some reason, you can skip it and the app will give you an alternative exercise to do. She recruited her mother, Marilyn Polon, a home cook who lives in Rockville, to start Soupergirl in 2008. Unfortunately for all parties involved, the deal did not close due to differences in what Mark wanted and what Ben and Greg wanted for the product. Wonderful. Ben Young, CEO of Sworkit by Nexercise Inc., and Greg Coleman, president and chief operating officer, received an astounding $1.5 million investment offer from Cuban for their popular fitness app Sworkit in season seven of "Shark Tank." After giving a short presentation, business owners ask for a monetary investment in exchange for an equity stake in the company. As for their demographic, users range in … Meet the DC Entrepreneur Whose Exercise App Earned a $1.5 Million Investment on “Shark Tank” Apps , DC Entrepreneur , Health & Fitness , Sworkit | Mar 7, 2016 Load More Stories Wonderful for his tough criticisms and ruthless deals—cracked up. Welcome to the Shark Tank. The wife and husband team asked for a $600,000 investment in exchange for an 8% stake in their company, valuing the business at nearly $5 million, to which shark Daymond John first responded, “Oh, this is uncomfortable.” But after hearing about CertifiKID’s financial success, the FUBU apparel company co-founder was one of three sharks to offer the Ratners a deal. After travelling all over Asia, I have just returned back home to Ireland. The excuses like, “I don't have the time”, or “I don't have a gym.” The App teaches you how to do a workout anywhere, and shows you what to do. Barbara opens the questioning when the duo finishes their pitch asking if music can be put to the workouts generated by the app to which Ben replies that there is a Spotify integration with the app â an appealing feature for many users who like to listen to some music as they train. The Ratners accepted the offer, and the partnership has been smoother sailing ever since. Sworkit.com In February 2016, Ben Young and Gregory Coleman of Washington, DC pitched their app Sworkit on Shark Tank. SworkIt Before Shark Tank SworkIt is a free fitness application for your smart device created by friends turned entrepreneurs, Ben Young and Greg Coleman. DC might not be Silicon Valley, but that doesn’t mean it’s totally lacking in tech company potential. The cast of ABC’s Shark Tank is a rotating group of investors, business experts, and self-made millionaire and billionaires. Told her that he regretted what happened when four Local businesses Snacklins, Soupergirl, CertifiKID and went. 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