What is Adventure Hunt and how did it fare on Shark Tank Season 10? Adventure Hunt is a company that organizes treasure hunt experiences across the United States. The founders, brothers Sean and Jared Bingham, appeared on Shark Tank Season 10 seeking an investment of $150,000 for 10% equity in their company. They ultimately secured a deal with Robert Herjavec for $150,000 in exchange for 20% equity.
Summary
- Adventure Hunt organizes real-life treasure hunts across the US.
- Participants use an app to solve clues and complete challenges.
- The company was founded by brothers Sean and Jared Bingham.
- They appeared on Shark Tank Season 10 seeking $150,000 for 10% equity.
- They secured a deal with Robert Herjavec for $150,000 for 20% equity.
- The company has since expanded its offerings to include corporate team-building events.
- Adventure Hunt faced challenges during the pandemic but has since resumed in-person hunts.
Adventure Hunt Shark Tank Update | Shark Tank Season 10
What is Adventure Hunt?
Adventure Hunt is a company that brings the thrill of treasure hunting to life. They organize exciting, real-world scavenger hunts in cities across the United States.
Teams of two compete to decipher clues, complete challenges, and ultimately find the hidden treasure chest.
It’s like a modern-day pirate adventure, perfect for friends, families, and even corporate team-building events.
The Adventure Hunt Experience
You and a friend start with an app and a list of challenges. Complete the challenges to unlock the treasure map.
These challenges can range from silly tasks like eating a donut without using your hands to more adventurous feats like rock climbing or solving puzzles.
As you complete each challenge, you earn points and get closer to unlocking the treasure map.
The first team to rack up enough points and follow the map to the hidden treasure chest wins! And the treasure? It’s not just gold doubloons – think GoPro cameras, trips to exotic resorts, and other exciting prizes.
Adventure Hunt on Shark Tank Season 10
1. The Pitch
| Entrepreneurs | Jared Bingham and Sean Bingham |
|---|---|
| Business | Adventure Hunt – Scavenger hunt experiences |
| Ask | $150,000 for 10% equity |
| Deal | $150,000 for 20% equity |
| Sharks | Robert Herjavec |
| Season – Episode | Season 10 – Episode 923 |
| Original Air Date | January 27, 2019 |
| Website | Adventure Hunt |
| Key Points of Pitch |
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| Why Sharks Accepted |
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2. The Ask
Brothers Sean and Jared Bingham entered the Shark Tank seeking $150,000 in exchange for a 10% stake in their company.
They were confident in their business model and believed that with the right partner, they could expand Adventure Hunt into a nationwide phenomenon.
3. The Deal
The Sharks were impressed with Adventure Hunt’s unique concept and strong sales figures. After some negotiation, the Bingham brothers secured a deal with Robert Herjavec.
Robert, recognizing the potential for growth in the corporate team-building market, invested $150,000 for a 20% equity stake in the company.
Adventure Hunt Update
1. Company Growth
Since their appearance on Shark Tank, Adventure Hunt has experienced significant growth.
Robert Herjavec’s investment and guidance proved invaluable in helping them expand their operations and reach a wider audience.
They focused on building the corporate side of the business, recognizing its potential for generating recurring revenue.
2. Corporate Clients
Adventure Hunt has successfully attracted a number of major corporate clients. Companies like Orange Theory Fitness, Ancestry.com, USAA, and Keller Williams have all utilized Adventure Hunt’s services for team-building events.
These events help companies foster collaboration, boost morale, and create memorable experiences for their employees.
3. Impact of the Pandemic
Like many businesses, Adventure Hunt faced challenges during the COVID-19 pandemic. With social distancing restrictions in place, in-person events became difficult to organize.
The company adapted by offering virtual treasure hunts, providing a safe and engaging way for people to connect and have fun during lockdowns.
4. Current Status
Adventure Hunt has bounced back from the pandemic and continues to grow. They have resumed in-person hunts and are actively developing new adventures and expanding into new cities.
While they may not have reached pre-pandemic levels of activity, they remain a popular choice for corporate team-building events and fun outings with friends and family.
The Future of Adventure Hunt
Adventure Hunt has successfully navigated the choppy waters of entrepreneurship, proving its resilience and adaptability. With a solid foundation in place, the future looks bright for this innovative company.
Here are some potential avenues for future growth:
- Expanding to New Locations: Adventure Hunt currently operates primarily in the United States. Expanding to new countries and continents could open up significant new markets and introduce the thrill of treasure hunting to a global audience.
- Developing New Adventures: Continuously creating fresh and exciting adventures is key to keeping customers engaged. This could involve incorporating new technologies like augmented reality, partnering with local businesses to create unique challenges, or designing themed hunts based on popular movies or books.
- Enhancing the App: The Adventure Hunt app is central to the user experience. Investing in new features and functionalities could further enhance user engagement and streamline the treasure hunting process. This could include things like interactive maps, real-time leaderboards, and social media integration.
- Building Brand Partnerships: Collaborating with other brands could create mutually beneficial opportunities. For example, partnering with travel companies could lead to exciting new prizes, while working with local tourism boards could help promote Adventure Hunt in new destinations.
By continuing to innovate and adapt, Adventure Hunt is well-positioned to capitalize on the growing demand for unique and engaging experiences. With a strong leadership team, a dedicated fanbase, and a proven business model, the future holds exciting possibilities for this modern-day treasure hunting company.
FAQs
How much does an Adventure Hunt cost?
The cost of an Adventure Hunt varies depending on the specific event and location. Generally, prices range from $30 to $100 per person.
Where are Adventure Hunts held?
Adventure Hunts are held in various cities across the United States. You can check their website to see if there’s a hunt in your area or to request one.
Can I organize a private Adventure Hunt for my group?
Yes, Adventure Hunt offers private hunts for groups like corporate teams, birthday parties, and youth groups. You can contact them to customize an event.
What kind of prizes can I win?
Prizes vary by event, but often include things like GoPro cameras, trips, gift certificates, and other exciting rewards.
Is there an age limit to participate?
While most hunts are designed for adults, some are family-friendly. Check the specific event details for age recommendations.
The Bottom Line
Adventure Hunt offers a unique and exciting way to experience your city. It’s a great option for team building, spending time with friends and family, or just having a fun adventure. With its innovative concept, strong leadership, and growing popularity, Adventure Hunt is poised for continued success in the years to come. So gather your team, download the app, and get ready to embark on a modern-day treasure hunt!
