Rugged Races, Obstacle course race event, was started by Rob Dickens and Brad Scudder in 2010. As of August 2023, Rugged Races net worth is $13 million and they’re pulling in a whopping $4 million in annual revenue.
In April 2014, they appeared on Season 5 of Shark Tank USA and made a deal with Mark Cuban, $1.75 million, in exchange for 25% equity. The final valuation was $7 million, down from the founder’s initial estimate of $10 million.
At the beginning of 2018, the New Media Investment Group purchased 80% of the company for $10.4 million and is still in charge of it today. To learn more, you can visit the Rugged Maniac website.
Rugged Races Net Worth
Net worth | $13 million |
Annual Sales Revenue | $4 million |
Profits | – |
Lifetime Sales | – |
Shark Tank Investor | Mark Cuban |
Founders | Rob Dickens and Brad Scudder |
Employees | 11 emploees |
Rugged Races Net Worth Timeline
Net Worth 2023 | $13 million |
Net Worth 2022 | $12.5 million |
Net Worth 2021 | $12 million |
Net worth valuation 2014 after appearing on Shark Tank | $7 million |
Net worth valuation 2014 before appearing on Shark Tank | $10 million |
Rugged Races Pitch on Shark Tank
Company name | Rugged Races |
Product | Obstacle course series |
Episode | Season 05 Episode 26 |
Founders | Rob Dickens and Brad Scudder |
Asked for | $1,000,000 for 10% equity |
Final deal | $1,750,000 for 25% equity |
Shark | Mark Cuban |
Location | Boston, USA |
Rugged Races Founders
Rugged Races was founded by Rob Dickens and Brad Scudder in 2010. Rugged Maniac was created in June 2010 by Brad Scudder, who used to be a lawyer. He’s the founder and CEO. The co-founder and COO, Rob Dickens, used to work as a lawyer on Wall Street at a place called Milbank, Tweed, Hadley & McCloy. Rugged Races’s founders, Rob Dickens and Brad Scudder, have a net worth of 5.2 millionUSD as of 2023.
Key accomplishments:
Year | Accomplishment |
2014 | The company appeared Shark Tank and got a comprehensive deal from Mark Cuban |
2023 | As of 2023, 200,000 racers participated in their Rugged Race and the company earned $4 million revenue |
Conclusion
From their beginnings on Shark Tank to their current status as a thriving business, they have proven that with the right idea and execution, anything is possible. We can’t wait to see the future for Rugged Races and its continued success.