TV - Movies
What Happened
To GRIND
Basketball After
Shark Tank?
By CHRISTIAN SCHOON
In 2020, former NBA hopeful Thomas Fields dived into ABC’s hit show, “Shark Tank,” and pitched his company, GRIND Basketball. He sought out $250,000 for a 5% stake in his company.
GRIND Basketball produces a cone-shape net spread out beneath a basketball hoop that catches and funnels the ball into a device that shoots the ball back to the player. The Sharks received Fields’ pitch well, resulting in Mark Cuban and Barbara Corcoran teaming up to provide the $250,000 in funding in exchange for 25% of the company.
Since then, GRIND Basketball has logged over a million dollars in pre-orders, with an expected 80% fulfillment rate by the end of 2022. GRIND was also selected to participate in the Indianapolis-based Techstars Sports Accelerator program, enabling Fields to network with a wide variety of sports technology investors and subsequently raise a total of $1.6 million in funding.