What Happened To K3 Shooting Band After Shark Tank?

K3 Shooting Band After Shark Tank Update: K3 Shooting Band helps players perfect their jumpshoot in basketball games. This product was invented in 2009 by former pro basketball player Nicky Young to help players shoot the basketball by adding force to the middle finger.

Hoopers have to work on their middle two fingers to make a perfect shot and this is not easy at all. This band is only for exercising the two middle fingers, it cannot be worn to play actual basketball games.

The Band, which is now available for adults and children, retails for $19.99 at Walmart.

What Is K3 Shooting Band?

K3 Shooting Band helps players perfect their jumpshoot in basketball games. This product was invented in 2009 by former pro basketball player Nicky Young to help players shoot the basketball by adding force to the middle finger. Hoopers have to work on their middle two fingers to make a perfect shot and this is not easy at all. This band is only for exercising the two middle fingers, it cannot be worn to play actual basketball games.

Who Is The Founder Of K3 Shooting Band?

Nicky Young is the founder and CEO of this company and is also a former pro basketball player. Nicky’s father is a former basketball player who played for the New York Knicks jersey in the NBA and taught his daughter the game of basketball.

Nicky considered her father as her role model and to become like him, she started playing basketball in school and college. She became an entrepreneur by inventing a resistance band to help other players perfect their shooting fingers.

K3 Shooting Band Shark Tank Update

Company Name	K3 Shooting Band
Founder	Nicky Young
Founded	2009
Product	Resistance Band for Shooting Fingers
Asked For	$100K for 20% equity
Final Deal	$100K for 40% equity
Shark	Michael Rubin Lori Greiner
Episode (Shark Tank USA)	S15 E21
Air Date	April 19, 2024
Business Status	In Business
K3 Shooting Band Net Worth	$300k *estimated
Headquarters	Queens, New York, USA
K3 Shooting Band Instagram	View Profile
GO TO AMAZON	Buy Now

Also Read This: What Happened To Hood Hats After Shark Tank?

K3 Shooting Band on Shark tank pitch

Nicky asked the sharks for $100k for 20% equity and a $1 million valuation. She revealed that she had applied to Shark Tank for 15 seasons and that she has a utility patent.

The landed cost of the product including packaging comes to $0.91, retail cost is $99. Her products are available in 8 Dick’s Sporting Goods stores and on Walmart Marketplace. But the surprising thing is that the re-order is not being received.

Last year’s sales were $43,000 (2022) and so far this year it has been $10,000 (2023). Kevin O’Leary and Mark Cuban said this product is not investable for them right now. Barbara Corcoran said that she does not have expertise in this space, so she is out.

Michael Rubin offered $100k for a 50% stake in the company. This offer included bringing a bunch of basketball players, coaches, and trainers on board. Lori Greiner told Michael she wanted to come into this deal. They offered $100k for 50% equity and 25% equity each. Nicky countered 40% equity and they agreed.

K3 Shooting Band Net Worth

The company’s lifetime sales report is not yet available, so we are assuming lifetime sales of $350,000. Recently Deal Signed for $100k for a 50% stake and equity value is 200,000. After adding lifetime sales and equity value, K3 Shooting Band’s net worth is estimated at $550,000.

Is K3 Shooting Band still in business?

Yes, K3 Shooting Band is still in the business as of April 2024.

They are running this business beautifully and after shark tank their sells will also increase if they can get the other company and customers trust they can grow their company big.

Their headquarters is in Queens, New York. According to their account, Currently 5-8 people are working in their company.

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