What is Prank-O and how did it fare on Shark Tank Season 10? Prank-O is a company that creates prank gift boxes designed to elicit a laugh from the recipient. Entrepreneurs Arik Nordby and Ryan Walther pitched Prank-O on Shark Tank Season 10, seeking $640,000 for 8% equity. They ultimately secured a deal with Mark Cuban for $640,000 for 25% equity, but the deal later fell through. Despite this, Prank-O is still in business and generating an estimated $6 million in annual revenue.
Summary
- Prank-O sells empty prank gift boxes with outlandish designs, allowing customers to place a real gift inside for a humorous surprise.
- The company was pitched on Shark Tank Season 10 by Arik Nordby and Ryan Walther.
- They initially asked for $640,000 for 8% equity but accepted Mark Cuban’s offer of $640,000 for 25%.
- The deal with Mark Cuban did not close.
- Prank-O remains operational, selling products online and generating an estimated $6 million in annual revenue.
Prank-O Shark Tank Update | Shark Tank Season 10
What is Prank-O?
Prank-O is a company that adds a playful twist to gift-giving. They specialize in creating prank gift boxes designed to trick the recipient into thinking they’re getting something completely outrageous.
Imagine a box promising a “Pet Petter 3000” or a “DIY Earwax Candle Kit.” The real gift is hidden inside, leading to a hilarious surprise when the box is opened. It’s the perfect way to bring laughter and fun to any occasion.
Prank-O on Shark Tank Season 10
1. The Pitch
| Entrepreneurs | Arik Nordby and Ryan Walther |
|---|---|
| Business | Prank gift boxes |
| Ask | $640,000 for 8% equity |
| Deal | $640,000 for 25% equity (Mark Cuban) – deal did not close |
| Shark | Mark Cuban |
| Season – Episode | Season 10 – Episode 12 (2018 Holiday Special) |
| Original Air Date | December 2, 2018 |
| Website | Prank-O |
| Key Points of Pitch |
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| Why Shark Accepted |
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2. The Ask
Arik and Ryan initially sought $640,000 in exchange for an 8% stake in their company. This reflected their confidence in Prank-O’s strong sales history and future potential.
3. The Offers
- Mark Cuban: Offered $640,000 for 25% equity, aiming to leverage his expertise to boost Prank-O’s online presence and product development.
- Kevin O’Leary: Proposed a royalty deal of $640,000 for a 38-cent royalty on every unit sold, in perpetuity, with no equity taken.
4. The Deal
Although Arik and Ryan initially accepted Mark Cuban’s offer on the show, the deal ultimately fell through after filming.
The exact reasons for this were not publicly disclosed. Despite this setback, Prank-O continued to thrive and grow independently.
Prank-O Products
Prank-O offers a variety of products designed to bring humor and surprise to any gift-giving occasion. Their main offerings fall into two categories:
1. Prank Packs
These are the flagship products of Prank-O. They are empty boxes featuring ridiculously funny and outlandish “products” on the outside.
You simply place your real gift inside the Prank Pack, wrap it up, and watch the recipient’s reaction as they try to contain their surprise and amusement.
Some of the most popular Prank Packs include:
- My First Fire: This pack features a child gleefully staring at a flame with “accessories” like an 18-inch fire ring and poker.
- Earwax Candle Kit: This pack promises the ability to “create a candle as unique as yourself” using earwax.
- Pet Petter 3000: A hilarious take on a futuristic pet-grooming gadget.
- Toilet Paper Safe: A timely and funny gag gift poking fun at the toilet paper shortages during the pandemic.
These are just a few examples of the many creative and humorous Prank Packs available. They’re designed to evoke laughter and create a memorable unwrapping experience.
2. Other Novelty Items
Beyond Prank Packs, Prank-O also offers a range of other novelty items to enhance the fun. These include:
- Gag Gifts: From fake lottery tickets to shocking chewing gum, these small items are perfect for stocking stuffers or adding an extra layer of amusement to a gift.
- Funny Cards: Prank-O offers a selection of humorous cards to complement their prank gifts and add a personalized touch.
- Party Supplies: If you’re planning a prank-themed party, Prank-O has you covered with items like fake vomit and whoopee cushions.
By offering a diverse range of products, Prank-O caters to various needs and occasions, ensuring that there’s something for everyone who enjoys a good laugh.
Prank-O Update
1. Post-Shark Tank Success
Even though the deal with Mark Cuban didn’t go through, Prank-O has continued to thrive. They’ve expanded their product line, strengthened their online presence, and grown their customer base.
The company cleverly capitalized on current events, like the toilet paper shortage during the pandemic, to create timely and relatable prank boxes.
This adaptability and responsiveness to trends have contributed significantly to their ongoing success.
2. Annual Revenue
Prank-O is estimated to be generating around $6 million in annual revenue. This impressive figure demonstrates the strong demand for their unique and entertaining products.
It also highlights the company’s ability to effectively market and distribute its offerings through various channels.
3. Where to Buy Prank-O Products
Prank-O products are readily available for purchase online. You can find their full range of prank boxes and novelty items on their official website.
In addition to their website, Prank-O products can also be found on major e-commerce platforms like Amazon. This wide availability ensures that customers can easily access and purchase these fun and lighthearted gifts.
FAQs
What exactly are Prank-O boxes?
Prank-O boxes are empty gift boxes with outrageous and funny fake products printed on them. You put your real gift inside, creating a hilarious surprise for the recipient when they open it.
Where can I buy Prank-O products?
You can find Prank-O products on their official website and on Amazon.
What are some of the most popular Prank Packs?
Some of the most popular Prank Packs include “My First Fire,” “Earwax Candle Kit,” “Pet Petter 3000,” and “Toilet Paper Safe.”
Did Prank-O get a deal on Shark Tank?
Yes, they initially got a deal with Mark Cuban, but it ultimately did not close.
Is Prank-O still in business?
Yes, Prank-O is still in business and doing well. They have an estimated annual revenue of $6 million.
The Bottom Line
Prank-O offers a unique and entertaining way to enhance the gift-giving experience. Their prank gift boxes are designed to bring laughter and create memorable moments. Despite facing setbacks, the company has achieved remarkable success, demonstrating the power of creativity, adaptability, and a good sense of humor. If you’re looking to add a fun and playful twist to your next gift, Prank-O provides the perfect solution.
