NEW YORK, NY - OCTOBER 14: Mark Cuban at The Paley Center for Media on October 14, 2018 in New York City. (Photo by Jason Mendez/Getty Images)
TV - Movies
What Happened
Basketball After
Shark Tank?
In 2020, former NBA hopeful Thomas Fields dived into ABC’s hit show, “Shark Tank,” and pitched his company, GRIND Basketball. He sought out $250,000 for a 5% stake in his company.
GRIND Basketball produces a cone-shape net spread out beneath a basketball hoop that catches and funnels the ball into a device that shoots the ball back to the player. The Sharks received Fields’ pitch well, resulting in Mark Cuban and Barbara Corcoran teaming up to provide the $250,000 in funding in exchange for 25% of the company.
Since then, GRIND Basketball has logged over a million dollars in pre-orders, with an expected 80% fulfillment rate by the end of 2022. GRIND was also selected to participate in the Indianapolis-based Techstars Sports Accelerator program, enabling Fields to network with a wide variety of sports technology investors and subsequently raise a total of $1.6 million in funding.