Glove Wrap Shark Tank Update | Shark Tank Season 15 Episode 3

During Shark Tank Season 15, father and son due Jon and Gavin Batarse pitched their product – Glove Wrap – baseball and softball glove wraps.

The Glove Wrap was designed to help baseball and softball players break in their gloves more easily. The main focus was to solve the common problem of breaking in a glove.

Did the Glove Wrap pitch hit it out of the park? or What happened to Glove Wrap after Shark Tank?

Find out the details in our in-depth analysis on Glove Wrap Shark Tank update…

Glove Wrap On Shark Tank

Glove Wrap Shark Tank Deal

• Business: Baseball and softball glove wraps
• Entrepreneurs: Jon, Gavin, and Morgan Batarse
• Asked For: $50,000 for 20% equity
• Shark Tank Deal: $50,000 for 22% equity
• Sharks: Mark Cuban and Michael Rubin

Glove Wrap Company Info

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Glove Wrap Overview: What Is Glove Wrap?

Glove Wrap is a simple yet effective tool designed to solve the common problem of breaking in a new baseball or softball glove. The product is essentially an elastic band that wraps around the glove with a baseball inside, allowing the glove to form a perfect pocket without the need for the usual time-consuming or extreme measures.

The idea for Glove Wrap originated when Gavin, the young entrepreneur, and his father realized they needed a better way to break in his new baseball glove. They initially tried using rubber bands but didn’t have enough.

After discovering a piece of rubber leftover from his dad’s physical therapy, Gavin had a breakthrough idea. Seeing the potential, Jon helped his son turn that idea into a business.

Glove Wrap Founders

Glove Wrap was founded by Jon Batarse and his young children, Gavin and Morgan Batarse. The idea for the company began when Gavin, then just 8 years old, came up with an innovative solution to a common problem faced by baseball and softball players: breaking in a stiff glove.

With the help and guidance of his father, Jon, Gavin’s invention turned into a business venture, and the family worked together to bring Glove Wrap to life. Jon, with his experience and support, has played a key role in steering the company’s growth, while Gavin serves as the face of the brand, embodying its entrepreneurial spirit.

Morgan Batarse, Gavin’s sister, is also involved in the business, helping in various capacities. The family’s teamwork and dedication have been essential in shaping Glove Wrap into a thriving business.

Their collaboration, combined with their Shark Tank experience and subsequent partnership with Mark Cuban and Michael Rubin, has set the company on a path for future success.

Glove Wrap On Shark Tank Pitch

In Shark Tank Season 15, Jon Batarse, his 8-year-old son Gavin, and daughter Morgan took the stage to present Gavin’s innovative company, Glove Wrap. The idea behind Glove Wrap stemmed from a common problem faced by baseball and softball players—breaking in new gloves.

When a glove is purchased, it’s often stiff, leading players to try extreme methods like driving over it, applying shaving cream, or even baking it to make it game-ready. Gavin, however, came up with a much simpler and more effective solution.

The product Gavin invented, Glove Wrap, is an elastic band specifically designed to fit the exact shape, width, and thickness of a baseball or softball glove. It allows players to easily break in their gloves while creating the perfect pocket for catching.

During his pitch, Gavin demonstrated how the product works: simply place a baseball inside the glove, wrap the Glove Wrap around it, and wait for the glove to soften and mold to the perfect shape.

Lori Greiner was intrigued and asked how Gavin came up with the idea. He shared the backstory: it all started when his dad bought him a new baseball glove, and they were going to break it in the traditional way, using rubber bands.

However, when they didn’t have enough bands, Gavin improvised by using a piece of rubber left over from his dad’s physical therapy. This clever solution sparked the idea for Glove Wrap, and after realizing there was no similar product available, Jon helped Gavin turn his idea into a business.

When Kevin O’Leary asked about sales, Gavin proudly revealed that they had already sold over 1,000 units, with lifetime sales totaling $19,000. Each Glove Wrap costs $3.99 to produce and retails for $19.99, with a wholesale price of $10. The product was already being sold on Amazon, the company’s website, and in six mom-and-pop shops. Additionally, they had recently met with Big 5 Sporting Goods, which expressed interest in selling Glove Wraps alongside their gloves.

Barbara Corcoran wanted to know how the product differed from regular exercise bands. Jon explained that while the materials may be similar, Glove Wraps are specifically designed to fit the exact specifications of a baseball or softball glove, making it a more precise and efficient tool.

Mark Cuban saw the potential for Glove Wrap, especially as a product for professional baseball clubs or as part of fan giveaways. However, Kevin O’Leary joked that if he made a deal with Gavin, the young entrepreneur might have to quit school to work for the company full-time, ultimately leading Kevin to drop out of the bidding.

Lori Greiner loved the product but felt that other Sharks, particularly those with more experience in sports, would be better partners for the business. She respectfully bowed out, leaving the opportunity for another Shark to take the lead.

Barbara Corcoran, convinced that a regular exercise band might work just as well, also decided to step out. However, before doing so, she pointed to Mark Cuban as the perfect Shark to partner with Gavin and his family.

Guest Shark Michael Rubin, CEO of Fanatics, saw the potential for Glove Wrap and its application in the sports industry. He offered to make a deal but only if Mark Cuban joined him. Together, Michael Rubin and Mark Cuban offered $50,000 for 22% equity, which Gavin and Jon quickly accepted.

This partnership with two high-profile Sharks positioned Glove Wrap for further growth, and the deal gave the young entrepreneur and his family access to the right contacts and resources to scale their business.

Glove Wrap Shark Tank Update

Since airing on Shark Tank, Glove Wrap has experienced a notable boost in sales. The exposure from the show gave the brand a significant platform to reach new customers, and they capitalized on that momentum through their website, Amazon listings, and continued outreach to sporting goods stores.

In addition to their increase in sales, Gavin has been working on getting Glove Wrap in the hands of professional baseball players. In August 2023, Gavin was seen distributing Glove Wraps to players from the Los Angeles Dodgers and Los Angeles Angels, a move that should help the product gain credibility and visibility among serious athletes.

Further, Glove Wrap was featured in a prominent article by the LA Times, which helped boost its public profile even more. As the company continues to grow and gain attention, especially with the help of their Shark Tank deal partners Mark Cuban and Michael Rubin, Glove Wrap is poised for even greater success.

Where Is Glove Wrap Now: Glove Wrap Update 2024

As of 2024, Glove Wrap is steadily building its reputation in the sports industry. Their deal with Mark Cuban and Michael Rubin has opened doors to new opportunities and partnerships, allowing them to explore avenues like fan giveaways at professional baseball games and more retail partnerships.

While Glove Wrap is still sold on their official website and through Amazon, their focus is now on expanding distribution through larger retailers like Big 5 Sporting Goods and other nationwide chains. This expanded reach could significantly increase their sales and presence in the market.

There’s also speculation that Glove Wrap could become a popular item for professional baseball clubs to use during spring training or even as part of their fan engagement strategy. As more people discover the product and share it within the baseball and softball communities, the potential for growth is enormous.

With Gavin and Jon’s entrepreneurial drive, paired with the guidance and network of their Shark Tank investors, the future looks bright for this young company.

Did Glove Wrap Get A Deal On Shark Tank?

Yes, Glove Wrap did secure a deal on Shark Tank. During their pitch in Season 15, young entrepreneur Gavin Batarse, along with his father Jon, impressed the Sharks with their innovative solution for breaking in baseball and softball gloves.

After some back-and-forth among the Sharks, guest Shark Michael Rubin and Mark Cuban teamed up to offer $50,000 in exchange for 22% equity in the company. Gavin and Jon quickly accepted the deal, thrilled with the opportunity to partner with two prominent figures in the business world.

The deal with Michael Rubin and Mark Cuban was a major win for Glove Wrap, providing them not only with financial backing but also access to a network that could help scale the business. With Mark’s experience in sports and Michael’s extensive connections through Fanatics, the company positioned itself for growth.

Since then, Glove Wrap has continued to grow, benefiting from increased sales and exposure, particularly after its Shark Tank appearance.

Where To Buy Glove Wrap?

If you’re interested in purchasing Glove Wrap, you can find the product available on their official website as well as on Amazon, making it easily accessible for players looking to break in their baseball or softball gloves.

Additionally, Glove Wrap is sold at select retail locations, including small mom-and-pop shops and potentially larger chains like Big 5 Sporting Goods, which expressed interest in carrying the product alongside their glove inventory. These various buying options provide flexibility for customers whether they prefer online shopping or in-store purchases.

Glove Wrap Shark Tank Net Worth

At the time of their Shark Tank pitch in Season 15, Glove Wrap had already generated lifetime sales of $19,000, with each unit costing $3.99 to produce and retailing for $19.99.

After securing a deal with Mark Cuban and Michael Rubin for $50,000 in exchange for 22% equity, the company’s valuation was approximately $227,000. This investment provided Glove Wrap with the financial backing and business expertise needed to scale its operations and expand its reach in the baseball and softball markets.

Since appearing on the show, Glove Wrap has seen a noticeable boost in sales, especially after Gavin showcased the product to Major League Baseball (MLB) players from the Angels and Dodgers.

Although the exact net worth of Glove Wrap today is unknown, the increased visibility and continued sales growth suggest that the company’s valuation has likely increased since their Shark Tank deal, positioning them for further success in the sporting goods industry.

FAQs On Glove Wraps Shark Tank Update

Conclusion: Glove Wrap After Shark Tank

In conclusion, the Glove Wrap Shark Tank update reveals a company on the rise. What started as a simple idea from an 8-year-old has blossomed into a business with real growth potential, thanks to their Shark Tank appearance and the partnership with Mark Cuban and Michael Rubin.

With sales increasing, more product visibility, and new retail deals on the horizon, Glove Wrap is making its mark in the sports world.

Whether you’re a casual player or a professional athlete, Glove Wrap offers a practical solution for breaking in your gloves. Keep an eye on this innovative company, as their story is just beginning. If you want to purchase a Glove Wrap, you can find it on their official website or on Amazon.

Stay tuned for future updates on Glove Wrap—this is one company that’s bound to knock it out of the park!

In the meantime, you can check out our other Company Updates from Shark Tank
 Season 15 Episode 3:

• Wellingtons Update
• Bot-It Update
• Dating By Blaine Update

Before you go, make sure to visit our Season 15 Company Updates Page, All Company Updates Page and Shark Tank All Products Page for more information on various companies and products featured in the Show.

At the same time, you can FOLLOW our blog to get the latest updates on businesses featured in Shark Tank Show. And, if you have any questions, you can send us message at your convenience.

Lastly, you can check out more Company Updates for the businesses featured in Shark Tank Season 14 by visiting our Season 14 Company Updates Page.