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. 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. 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. - SWORKIT When Greg Coleman and Ben Young were in business school together, they struggled to find time to work out. And to it’s credit – it had quite a following! 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. SworkIt, … The NFL Wild Card Round is just a few days away. Local businesses Snacklins, Soupergirl, CertifiKID and Sworkit went on ABC's Shark Tank to pitch their businesses. 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. Apparently the app had even managed to secure funding from Mark Cuban on the show Shark Tank. “He had multiple employees that we could literally call any time of the day,” Kobrosly says. Sworkit entered the Shark Tank to debut a fitness app that customizes your workout and requires no equipment. 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. The Sworkit co-founders advanced through the audition process and were set up with a producer. So what makes SworkIt so different you may ask? With a number of customizable workouts that don’t require any equipment, this app […] 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 12 Days of ABC: Top Memorable Moments from Shark Tank Season 7. You don’t have to live in the gym to be fit. Luckily, the tense exchange didn’t make the episode, which aired in April 2019. 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. Monday, Jan 11. The only difference between those that got a deal and didn't is their business and marketing plans. Saturday, Mar 05. About Sworkit. 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. All rights reserved. I'm a big animal lover, a complete foodie and a Muay Thai newbie. When Young, Sworkit’s chief innovation officer, suggested they apply for Shark Tank, Coleman wasn’t sold on the idea. 2018. Barbara claims that currently she exercises three times a week and she has the luxury of a personal trainer. “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. Cuban received a 10% share of the company. 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. Sworkit Shark Tank Pitch. Ben explains that himself and Greg are the category leader in the fitness app market. After filming, shark Matt Higgins, who co-founded private investment firm RSE Ventures and has invested in restaurant companies Momofuku and &pizza, reached out to Soupergirl. 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. The Polons asked the sharks for $500,000 in exchange for 10% of the business—a valuation that shocked the investors. 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. 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. “I kind of affectionately call it the gift that keeps on giving.”, Copyright 2021 Bethesda Magazine. Interview with Ben Young, CEO. I came across Sworkit while I was searching on Instagram and Reddit. An impatient Mark starts to get worried that Lori will make a better counter offer. Higgins began mentoring the Polons and put them in touch with other business owners and marketing firms. 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. 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. 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. 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. Their business is based in Bethesda. Who says you can't get and stay in shape? 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. 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. 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. You can live your best life, once and for all. “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. She recruited her mother, Marilyn Polon, a home cook who lives in Rockville, to start Soupergirl in 2008. Kevin makes an offer to a speechless Greg and Ben. There are tons of fitness apps in the mobile app stores so, what makes Sworkit unique? The episode premiered in February 2016, but Coleman says his team still sees bumps in the numbers from reruns. With so many people now working from home, it can be difficult to get your daily exercise in. Sworkit is the personal fitness app designed for the startup generation. … As SworkIt follows these guidelines, it has been hailed one of the best workout apps on the market. Today on Shark Tank Breakdown, we cover some extremely impressive products! Coleman, who is the CEO of Sworkit, remembers the moments before entering the tank. Watch 4 Free Shark Tank Episodes Online! Sworkit From 'Shark Tank' Is Available Now To Give You A Personal Trainer In Your Pocket. Mark is very eager to invest in this product and is quick to ask Ben and Greg if he has a deal. 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. 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. But Sworkit stands out with personalized workout programs from trainers, all with high-quality demonstrations and an ad-supported platform. Further to that, the premium version of the SworkIt app is free from advertisements which may also be appealing to users. “I actually froze.”. Sworkit Youth Initiative. 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. Report incorrect company information. Whether you’re an absolute beginner, intermediate, or advanced, Sworkit makes it simple to get in shape and stay in shape. 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. 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. Sworkit appeared on ABC's "Shark Tank" on February 19. Lori deliberates before confirming that the valuation is just too high for her and for that reason, she declares herself out. 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. 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. 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. 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. Well, as I said, it's an app, so that part shouldn't be hard. 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. Become a Sworkit member and get all the support you need to succeed with our amazing SworkTeam Community. Nohbo Before Shark Tank. Sworkit Blogs. Ben then goes on to explain that they are already ready to roll out the next branch of this app – SworkIt Kids. 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." Sworkit seeks individuals who want to help others in getting fit and being healthy through simple workouts. 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. Shark Tank Renewed for Season 8 by ABC. “I had notes. What makes this fitness app unique? Here’s what happened when four local businesses gave it a shot. 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. The Ratners accepted the offer, and the partnership has been smoother sailing ever since. We provide workouts, customizable plans, and resources that allow people to adopt and maintain healthy habits for life. Sworkit has more than 200 original videos and is available in 12 languages. 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. Sworkit delivers to users on-demand, video exercise that users can do anytime and anywhere. Getting Started With Sworkit. Wonderful for his tough criticisms and ruthless deals—cracked up. “It was nervous laughter,” he says. 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. 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. 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. 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 … If you go on to the application store on your smart phone or tablet, there are quite literally hundreds of different workout apps. 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 think he was enjoying the banter.”. Then there’s an entire investment process,” Coleman says. Each workout can be done from your own home – all that is required is motivation from the user of the app. 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. He wishes the pair the very best of luck before declaring himself out. Nohbo is the innovative creation of sixteen-year-old entrepreneur, Benjamin Stern of Melbourne, Florida. Further to that, with all the media coverage SworkIt has received, the app has been the subject of interest from other potential investors. “We ended up putting in the application and not really thinking a whole lot of it,” Coleman says. Thursday, Aug 24. This means it has been propelled into the top five rankings of all the fitness apps out there on the market. We wish them both the very best of luck! With Sworkit, the feeling of being too busy, too intimidated, or too unmotivated will be a thing of the past. “I could not have done it without my mom,” Polon says. Sara says he told her that he regretted what happened during filming. I had flash cards.” But when he walked onto the set, also known as the “tank,” he froze. “We didn’t need the deal,” CEO Jamie Ratner, 43, says. The app was first released back in 2014. “That wasn’t edited,” Kobrosly says. So that leaves two offers on the table from both Mark and Mr. Ben claims that SworkIt is like the Spotify only instead of songs you have various workout routines. SWORKIT Fitness App – To appear this Friday on “Shark Tank”. The pitches on the show lead to real deals—if the investors (the sharks) choose to bite. SworkIt Before Shark Tank SworkIt is a free fitness application for your smart device created by friends turned entrepreneurs, Ben Young and Greg Coleman. 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. As for their demographic, users range in … 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. Ended up putting in the numbers from reruns the NFL Wild Card Round is just few. I studied it like it was nervous laughter, ” Coleman says just returned back home to Ireland and... All that is required is motivation from the user of the app Sworkit, Local. Your best life, once and for all programs from trainers, all with high-quality demonstrations and an platform. 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