Sworkit appeared on ABC's "Shark Tank" on February 19. … Then there’s an entire investment process,” Coleman says. Anyadiegwu wanted $460,000 in return for a 10 percent stake in the company. All rights reserved. With so many people now working from home, it can be difficult to get your daily exercise in. Website by Web Publisher PRO, Montgomery County plays a starring role in more than 100 films, Here’s what to consider when deciding if solar energy is right for you, Strosniders Hardware to reopen in Bethesda on Tuesday with modified hours, Ridgewells Catering permanently laying off up to 278 employees, Taco eatery opening in Rockville’s Congressional Plaza in spring, Here's how many COVID-19 cases are in each Montgomery ZIP code compared to population, Chance meeting reunites Bethesda man, crew who saved his life after crash. The Sworkit co-founders advanced through the audition process and were set up with a producer. The episode, which aired in October 2018, is a reminder for Polon of the grueling time spent pitching and fielding questions about their certified kosher, plant-based soup business. An impatient Mark starts to get worried that Lori will make a better counter offer. Ben and Greg developed Sworkit eliminates all the excuses people use for why they don't work out. That’s partly what gave Jamie’s husband, Brian, the president of CertifiKID, the confidence to spar with the indomitable O’Leary over the terms of his offer. Today on Shark Tank Breakdown, we cover some extremely impressive products! The episode premiered in February 2016, but Coleman says his team still sees bumps in the numbers from reruns. 12 Days of ABC: Top Memorable Moments from Shark Tank Season 7. Sounds easy right? In Shark Tank's current Season 9, Kelechi Anyadiegwu pitched her company, Zuvaa, a global online marketplace. 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." The app was first released back in 2014. Although the deal did not work out for the duo, the trip to the shark tank was not a waste of time and Ben and Greg are sure to find another investor soon that will help them bring SworkIt to where they want it to be. “I was very worried that they were going to show me laughing in her face, which really was not what I meant to do.”. Sworkit is a premium digital health and fitness company founded in 2012. Sworkit, the leading provider of personalized video workouts for iOS and Android devices made Shark Tank history last week by striking a 1.5 million dollar deal with Shark Tank Investor, Mark Cuban, making it the largest tech deal and third overall largest deal ever to be made on the show. Apparently the app had even managed to secure funding from Mark Cuban on the show Shark Tank. Their line of soups includes Split Pea Rosemary and Mediterranean Red Lentil and is sold at their retail location in D.C.’s Takoma neighborhood, grocery stores in Maryland and other states, and online. 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. “He’s a good soul.”, Potomac-based CertifiKID had already been in business for nearly a decade and had done $30 million in sales when it pitched its family-friendly deals and discounts website. Ben explains that five years ago, they developed their first product, a fitness tracker, called Nexercise. I'm a big animal lover, a complete foodie and a Muay Thai newbie. 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. When real estate mogul Barbara Corcoran made an offer contingent upon Jamie and Brian turning CertifiKID, which was founded in 2010, into a franchise, Brian laughed out loud. Shark Mark Cuban, who owns the NBA’s Dallas Mavericks, made a deal with Kobrosly: a $250,000 investment for a 5% stake plus 5% in advisory shares. After a moment of silence, Ben announces that they have a deal. “We didn’t need the deal,” CEO Jamie Ratner, 43, says. SworkIt, short for Simply Work It is an app that is built to give users four different types of workout – strength training, cardio, yoga and stretching. Monday, Jan 11. 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: editor@gazettereview.com, Aquabot Pool Rover S2 40i – Robotic Pool Cleaner Review, Doorman Update – What Happened After Shark Tank, NFL Playoffs: All the First Round Matchups, People Seen In US Capitol Incident Are Losing Their Jobs. ... Greg Coleman and Ben Young appear on Shark Tank where they verbally accept the largest tech deal at the time on the show. Sworkit provides a … The pitches on the show lead to real deals—if the investors (the sharks) choose to bite. That point was demonstrated on February 19, when local entrepreneurs Ben Young and Gregory Coleman brought their exercise app, Sworkit, onto ABC’s Shark Tank. Mark decides to offer the $1.5 million for a ten per cent share in the company as well as $1.5 million worth of advertisement inventory giving him a platform to advertise his various products on the free version of the SworkIt app. Kobrosly, 34, who is still the majority shareholder, says he’s been pleasantly surprised by how closely he works with Cuban, and that the billionaire entrepreneur personally checks in with Snacklins every week. Sworkit is the personal fitness app designed for the startup generation. Get results-focused knowledge on weight loss, strength, nutrition, and more on our blog. O’Leary offered $600,000 for a 20% equity stake, with the contingency that he’d get a three times return on his investment if he exited the company. When Young, Sworkit’s chief innovation officer, suggested they apply for Shark Tank, Coleman wasn’t sold on the idea. It’s offered as a free download as well as an expanded subscription version for either $2.99 a month or $19.99 per year. 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. Whether you’re an absolute beginner, intermediate, or advanced, Sworkit makes it simple to get in shape and stay in shape. There are tons of fitness apps in the mobile app stores so, what makes Sworkit unique? We provide workouts, customizable plans, and resources that allow people to adopt and maintain healthy habits for life. Soupergirl’s Sara Polon walked into the tank with her mother, who is also the company’s co-founder, by her side. After some deliberation Barbara decides to spend the $3.99 on purchasing the premium app instead of investing in another way and she also declares herself out. Watch 4 Free Shark Tank Episodes Online! SworkIt Before Shark Tank SworkIt is a free fitness application for your smart device created by friends turned entrepreneurs, Ben Young and Greg Coleman. Will the sharks bite and invest in SworkIt? December 30, 2020. Greg demonstrates the app and the four key areas of it to the sharks so they can see just how easily the app generates a work-out tailored to you. Sworkit Youth Initiative. Each workout can be done from your own home – all that is required is motivation from the user of the app. However, even though the deal not closing was a blow for both Ben and Greg, they have since been regrouping and enjoying the publicity the app received from appearing on the show. But Sworkit stands out with personalized workout programs from trainers, all with high-quality demonstrations and an ad-supported platform. This means you can devise any sort of workout to exercise any or all parts of your body from your fingertips on your smart device. She also acknowledges that her problem is that she knows she should be doing it five times a week and she sees SworkIt like the answer to her problems. This means it has been propelled into the top five rankings of all the fitness apps out there on the market. Sara says he told her that he regretted what happened during filming. Sworkit.com In February 2016, Ben Young and Gregory Coleman of Washington, DC pitched their app Sworkit on Shark Tank. 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. “We ended up putting in the application and not really thinking a whole lot of it,” Coleman says. The 43-year-old Polon, a former comedian who grew up in Rockville, graduated from Charles E. Smith Jewish Day School, and now lives in D.C.’s Cleveland Park, was inspired to start a soup business after reading Michael Pollan’s The Omnivore’s Dilemma. For more than a decade, America’s entrepreneurs have been pitching their businesses to a formidable cast of investors on ABC’s Shark Tank. Local businesses Snacklins, Soupergirl, CertifiKID and Sworkit went on ABC's Shark Tank to pitch their businesses. The developer has been making headlines over the past week after Mark Cuban decided to invest $1.5 million in the company on the February 19 episode of Shark Tank. Getting Started With Sworkit. And to it’s credit – it had quite a following! Welcome to the Shark Tank. Ben Young and Greg Coleman had their 15 minutes of fame when they shook hands with Mark Cuban on ABC’s “Shark Tank.” Then they had another moment in the … My Sworkit App Review. Become a Sworkit member and get all the support you need to succeed with our amazing SworkTeam Community. Further to that, the premium version of the SworkIt app is free from advertisements which may also be appealing to users. “It was nervous laughter,” he says. Their business is based in Bethesda. Ben and Greg enter the shark tank, introduce themselves and SworkIt to the sharks and explain that they are in the shark tank today seeking $1.5 million in exchange for an eight per cent equity stake in their company. Sworkit seeks individuals who want to help others in getting fit and being healthy through simple workouts. 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 Shark Tank Season 9 Premiere Date and Slate of Guest Sharks Announced. 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 – an appealing feature for many users who like to listen to some music as they train. Well, as I said, it's an app, so that part shouldn't be hard. Knowing just that little bit of info, once you see Sworkit on Shark Tank, you'll probably want to know how you can get it. Cuban received a 10% share of the company. I came across Sworkit while I was searching on Instagram and Reddit. Wonderful for his tough criticisms and ruthless deals—cracked up. Here's how they fared. Before you know it, the workout is complete and recorded on the app. We wish them both the very best of luck! “I studied it like it was a test,” he says. “I actually froze.”. I've been writing for the past two years. Ben explains to the sharks that the duo is sick and tired of all the excuses that people across the United States and all over the world use to avoid working out. Saturday, Mar 05. Further to that, with all the media coverage SworkIt has received, the app has been the subject of interest from other potential investors. The cast of ABC’s Shark Tank is a rotating group of investors, business experts, and self-made millionaire and billionaires. Kevin makes an offer to a speechless Greg and Ben. After travelling all over Asia, I have just returned back home to Ireland. Even investor Kevin O’Leary—who co-founded a software technology company in the ’80s and now runs an investment firm and is sarcastically nicknamed Mr. “When you go onto the show, what you see is the initial meeting, an initial handshake. Sworkit, daily workout and fitness app, is set to be featured on Shark Tank this Friday, February 19th, 2016 from 9:00 PM EST on ABC. When the coronavirus pandemic hit earlier this year, Cuban was there to help. 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. Snacklins co-founder Samy Kobrosly had done his homework and felt prepared to pitch his vegan pork rinds on an October 2019 episode of Shark Tank. Ben Young and Gregory Coleman, CEO and COO of Nexercise, respectively, walked into an episode of ABC’s Shark Tank last week with their popular workout app, Sworkit (“Simply Work It”). Ben explains that himself and Greg are the category leader in the fitness app market. As for their demographic, users range in … Sworkit's CIO is here to walk you through the key features and benefits of our iOS and Android app. 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. A subscription of $9.99 per month will be charged allowing users to access much more content and equipment. With a number of customizable workouts that don’t require any equipment, this app […] 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. “I had notes. And while the sharks complimented the soup—Sara says most of that footage ended up on the cutting room floor—much of the segment focused on the Soupergirl founders defending their valuation. The sharks liked the taste of Kobrosly’s product, made from fresh mushrooms, onion and yuca. But after the taping, the deal dissolved. Greg says that there are no excuses with SworkIt as you can work out when it suits you, you don’t have to pay any high gym membership fees and further to that the app demonstrates what to do in simple steps. “They help you get your one-minute spiel together,” Coleman says. “Now that we know [O’Leary], he’s a very nice guy,” Jamie says. She recruited her mother, Marilyn Polon, a home cook who lives in Rockville, to start Soupergirl in 2008. “There were just a couple of points that we just didn’t see eye to eye on.” Though the deal went bust, Coleman says the publicity was worth it. Kevin asks the pair if they are willing to ‘put some debt on the ballot sheet’ as he claims they can definitely handle it while not having to give up as much equity. Mr. Sworkit Shark Tank Pitch. Interview with Ben Young, CEO. “I nicknamed him Mr. Mensch,” Sara says. The questions do not phase the duo and they continue to impress the sharks with their technical knowledge of where they need to bring their product. About Sworkit. Shark Tank Renewed for Season 8 by ABC. “That wasn’t edited,” Kobrosly says. Sworkit Blogs. Lori is interested to hear how long the duo has been in business. Finally, a fitness system that understands your pain, frustration, and schedule. Lori deliberates before confirming that the valuation is just too high for her and for that reason, she declares herself out. According to the American College of Sport’s Medicine, good workout regimes should include a mix of cardio, strength and resistance training as well as flexibility training. Sworkit has a bench of personal trainers who do the demonstrations. SworkIt is a free fitness application for your smart device created by friends turned entrepreneurs, Ben Young and Greg Coleman. “No one really ever pushes him,” Brian, 46, says. The app first gained attention on a 2016 episode of Shark Tank when billionaire Mark Cuban invested $1.5 million into the fledgling parent company Nexercise for a 10% share of Sworkit. Although Ben and Greg had been reaping the rewards of their app being a massive success, they decided that additional help and expertise was needed to take the app to the next level. We’ll see if the Sharks think there is an investment opportunity when Sworkit jumps into the Shark Tank in episode 717. Now, with their new investment from “Shark Tank,” the partners plan to … So what makes SworkIt so different you may ask? Kevin claims that he finds Ben and Greg very credible but it comes as no surprise that he is struggling with the valuation of the company and finds it too much of a risk. Make 2020 the year you finally take control. There is also a premium or paid version of the app in which users of the app can save various customized workouts, adjust the exercise or resting periods and there is even an additional ‘ask the trainer’ section. What makes this fitness app unique? Nohbo is the innovative creation of sixteen-year-old entrepreneur, Benjamin Stern of Melbourne, Florida. Coleman, who is the CEO of Sworkit, remembers the moments before entering the tank. 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. Shark Tank: Sworkit Personalized Workout App Gets Investment from Mark Cuban for $1.5 Million Erica Abbott February 19, 2016 Twitter Facebook LinkedIn Flipboard 0 The Ratners accepted the offer, and the partnership has been smoother sailing ever since. Here’s what happened when four local businesses gave it a shot. 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. Higgins began mentoring the Polons and put them in touch with other business owners and marketing firms. If you go on to the application store on your smart phone or tablet, there are quite literally hundreds of different workout apps. The NFL Wild Card Round is just a few days away. The local entrepreneurs who landed an investment from billionaire Mark Cuban on ABC’s “Shark Tank” for their fitness app Sworkit didn’t end up closing the deal — agreeing to … After a relentless back and forth, O’Leary, impressed with Brian’s negotiation skills, proclaimed, “I love you.” The shark agreed to drop the return-on-investment contingency and lower his stake to 19%. Report incorrect company information. Lori steps up next and informs Ben and Greg that thus far she has been on the fence as she watched the other sharks. After an awkward pause, Kobrosly, who lives in D.C.’s Tenleytown and started his Rockville company in 2016, began again and impressed the investors with knowledge of his company’s finances, and with his humor. Sworkit has more than 200 original videos and is available in 12 languages. Sworkit delivers to users on-demand, video exercise that users can do anytime and anywhere. Mark quickly decides to make an offer to the duo claiming that Kevin is annoying him. Thursday, Aug 24. He will give them the $1.5 million in debt and in return he wants an equity of 2.75% on closing. “I would be lying to you if I said I didn’t spend awhile working on my, ‘I’m a Muslim from Iowa who invented a vegan pork rind,’ ” he says. Like many products that appear on the Shark Tank, SworkIt experienced a lot of media coverage after the episode aired with the app becoming even more popular than it already was. After leaving the shark tank delighted to have made a deal with shark Mark Cuban, Ben and Greg met with Mark to go through the finer details of the investment and close the deal. 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. I was getting more and more excited as I kept reading, which unfortunately lead me to make a novice mistake. “I kind of affectionately call it the gift that keeps on giving.”, Copyright 2021 Bethesda Magazine. He wishes the pair the very best of luck before declaring himself out. Barbara claims that currently she exercises three times a week and she has the luxury of a personal trainer. - SWORKIT Luckily, the tense exchange didn’t make the episode, which aired in April 2019. “You’re just standing in silence by the doors, waiting…to walk into a quiet room in front of these five people you see on TV every week.” The Wharton School graduates impressed the sharks with their pitch, agreeing to give Cuban 10% of the company, plus $1.5 million worth of unsold ad inventory, for his $1.5 million investment. “I think he was enjoying the banter.”. So that leaves two offers on the table from both Mark and Mr. Sworkit is basically like having a personal trainer on your smart phone. After giving a short presentation, business owners ask for a monetary investment in exchange for an equity stake in the company. document.getElementById("comment").setAttribute( "id", "ada701d211ddbf51b1b4c7a99a8d5150" );document.getElementById("f2c767f764").setAttribute( "id", "comment" ); Save my name, email, and website in this browser for the next time I comment. 3 Ways You Can Stay Active While Working at Home. DC might not be Silicon Valley, but that doesn’t mean it’s totally lacking in tech company potential. It takes users through a five-minute to over an hour-long workout that contains 3 fitness components: aerobic, strength & resistance, and flexibility. Ben then goes on to explain that they are already ready to roll out the next branch of this app – SworkIt Kids. Kevin is interested to hear if there is an annual charge or a subscription type charge but Ben explains that that is something that will be introduced soon. Robert informs both Ben and Greg that he loved them and the idea.  He also claims that he was going to offer the $1.5 million required for a sixteen per cent equity share in the company but he acknowledges that Mark has a good offer on the table for the duo. Sworkit From 'Shark Tank' Is Available Now To Give You A Personal Trainer In Your Pocket. Nexercise is a app developer that makes the popular fitness app Sworkit. You don’t have to live in the gym to be fit. SWORKIT Fitness App – To appear this Friday on “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. A former personal trainer, Coleman thought, “If we’re having this problem as fit people, my gosh, it must be really hard for other people who are not used to making fitness a part of their lifestyle.” Coleman, 47, who lives in Kensington, and Young, 44, who lives in Washington, D.C., created the Sworkit app in 2012 with workouts and tutorials to make fitness more accessible. Who says you can't get and stay in shape? The Polons asked the sharks for $500,000 in exchange for 10% of the business—a valuation that shocked the investors. As SworkIt follows these guidelines, it has been hailed one of the best workout apps on the market. Mark is very eager to invest in this product and is quick to ask Ben and Greg if he has a deal. Wonderful. Sworkit entered the Shark Tank to debut a fitness app that customizes your workout and requires no equipment. “He had multiple employees that we could literally call any time of the day,” Kobrosly says. Sworkit, the workout app that comes with a personalized playlist and is pitched on Shark Tank is endorsed by Donald Trump's daughter, Ivanka Trump. When Greg Coleman and Ben Young were in business school together, they struggled to find time to work out. The only difference between those that got a deal and didn't is their business and marketing plans. Since SworkIt has launched, it has gained a following of more than ten million users all over the world. First they broke Shark Tank’s record in terms of the largest investment in a tech startup company, and secondly, they achieved this feet as Black-innovators operating outside the Silicon Valley. 2018. Lori wants to know what exactly the pair need the money for and what they are going to do with it if she were to invest. You can live your best life, once and for all. With Sworkit, the feeling of being too busy, too intimidated, or too unmotivated will be a thing of the past. I had flash cards.” But when he walked onto the set, also known as the “tank,” he froze. Further to that, the app does not require for you to be part of a gym or to pay any high membership fees to attend classes. Ben claims that SworkIt is like the Spotify only instead of songs you have various workout routines. Wonderful, ever keen to talk about the financial side of things want to know about previous investors in the company and the company’s valuation. 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 is interested to hear more about how the pair started off on the SworkIt journey. Ben explains that SworkIt was launched a year ago but they have been in the health and fitness industry for the past five years during which they gained a lot of experience. “I could not have done it without my mom,” Polon says. Nohbo Before Shark Tank. 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