The Funhouse Project Net Worth 2025: The Wild Pitch That Shocked Sharks But Never Took Off
The Funhouse Project Net Worth story ends in mystery, as the bold Shark Tank pitch never became a real business by 2025.
In 2025, The Funhouse Project is more of a Shark Tank legend than a thriving business. It promised fire-breathing performers, knife-throwing magicians, and an immersive carnival experience in the heart of New York City.
But here’s the twist. Despite one of the wildest live demonstrations on national television, the business never got off the ground.
When The Funhouse Project aired on Shark Tank Season 1, Episode 7 (2009), it captured attention with flair and danger. Yet today, fans still ask: What happened to that crazy Times Square concept? Let’s walk through the highs, the fallouts, and why this project couldn’t survive the circus it created.
What Happened Inside the Tank: The Wildest Pitch of Season 1
Magician Todd Robbins and professional knife thrower David Adamovich walked into the Tank with sparks, stunts, and a serious ask.
They requested $300,000 in exchange for 20% equity, pitching a 25,000-square-foot “Funhouse” venue in Times Square packed with magic, danger acts, and variety performers.
The concept was nostalgic. It was bold. And it was risky. The Sharks knew it.
“So wait, you’re telling me you want me to invest $300,000 into a place with fire breathers and knife throwers… in Times Square?”
Kevin O’Leary
Despite an unforgettable pitch, including Daymond John volunteering in a live knife-throwing demo, the Sharks were unanimous. The risk was too high.
None of the Sharks made an offer. The concern centered on the massive upfront investment and an unclear revenue model.
The Funhouse Project Pitch on Shark Tank
| Company name | The Funhouse Project |
| Product | Entertainment and amusement attractions in Times Square |
| Episode | Season 01 Episode 07 |
| Founders | Todd Robbins and David Adamovich |
| Asked for | $300,000 for 20% equity |
| Final deal | No deal |
| Shark | None |
| Location | Seattle WA |
What Changed After Shark Tank? The Crowd Was Ready, But the Curtain Never Rose
Fans of the show expected The Funhouse Project to gain traction, especially after their attention-grabbing pitch. And for a brief moment, it did.
The founders launched a crowdfunding campaign, hoping to ride the momentum. Surprisingly, it exceeded its funding goal, showing real public interest in the idea.
But the dream ended there. No venue was built. No tickets were sold. No show ever opened.
“We knew people loved the idea, but the money needed to start something like this in New York just wasn’t realistic without major backing.”
– Todd Robbins
The Shark Tank exposure helped them build buzz. But it wasn’t enough to cover the millions required in permits, insurance, and infrastructure for a venue of that size and scope.
By 2011, the buzz had faded. The business quietly vanished.
The Funhouse Project Net Worth 2025: A Cautionary $0
In 2025, The Funhouse Project has an estimated net worth of $0.
There were no follow-up investments. No Shark returns. No product to generate revenue. Despite a bold vision, the company never officially launched, making it one of the most memorable but unprofitable pitches in Shark Tank history.
No rebrand. No acquisition. Just a big idea that never became reality.
Where Did It Go Wrong?
The downfall wasn’t due to lack of creativity. Todd and David brought something unique to the Tank. But execution was everything.
The sheer cost of opening a theatrical venue in Times Square, mixed with business model concerns, made it nearly impossible to secure the millions required.
And while the founders gave it a short-lived crowdfunding push, they couldn’t convert attention into action. It’s a classic case where Shark Tank fame didn’t translate into sustainable business.
Where Are the Founders Now?
As of 2025:
- Todd Robbins returned to magic and live theater. He’s still active in the performance world, often appearing in off-Broadway shows or magic documentaries.
- David Adamovich (The Great Throwdini) stepped back from entrepreneurship and returned to teaching and performing at events.
They never tried to relaunch the concept again.
Could The Funhouse Project Make a Comeback?
Honestly, it’s unlikely.
Live entertainment has shifted dramatically post-2020. The cost of real estate in NYC continues to climb. New immersive concepts are now competing in virtual and digital spaces.
But the brand still lives online as a what-could-have-been. In Shark Tank circles, it’s often cited as one of the most daring and entertaining pitches ever aired.
🔹 TL;DR (Too Long; Didn’t Read)
The Funhouse Project made a wild impression on Shark Tank but never became a real business. No deals, no launch, no comeback.
FAQs
Is The Funhouse Project still in business in 2025?
No, The Funhouse Project never officially launched and is not active as of 2025.
Did The Funhouse Project get a deal on Shark Tank?
No, all five Sharks declined to invest due to high startup costs and risk factors.
What happened to The Funhouse Project founders?
Todd Robbins continued performing magic and theater. David Adamovich returned to his academic and live performance career.
Was The Funhouse Project ever built?
No, despite early crowdfunding success, the venue was never constructed and the business was quietly shut down.
The Funhouse Project, an Entertainment and amusement attraction in Times Square, was started by Todd Robbins and David Adamovich. The company launch date is unknown. The Funhouse Project’s net worth was $1.5 Million at the time of their pitch in 2009 based on the $300,000 offer for 20% of the equity of the company.
They appeared in 2009 Shark Tank USA in 2009. However, the Sharks were not interested in investing in The Funhouse Project. Sharks went out because investment in this company seemed too risky.
The Funhouse Project went out of business. Their products are no longer available in the market.
The Funhouse Project Net Worth
| Net worth | $1.5 Million (Business Valuation) |
| Lifetime sales | – |
| Investor | – |
| Founders | Todd Robbins and David Adamovich |
The Funhouse Project Net Worth Timeline
| Net Worth 2023 | Out Of Business |
| Net worth valuation in 2009 before appearing on Shark Tank | $1.5 Million |
The Funhouse Project Pitch on Shark Tank
Don’t miss these products from Season 1
The Funhouse Project Founders
The Funhouse Project was founded by Todd Robbins and David Adamovich. The company launch date is unknown. Todd is a magician. He loves to entertain people. The Funhouse Project’s founders, Todd Robbins and David Adamovich net worth is unknown USD as of 2023.
Key accomplishments
| Year | Accomplishment |
| 2009 | The Funhouse Project appeared on Shark Tank |
Conclusion
Some companies that appear on the show have not achieved great success, and The Funhouse Project was one of them. Sometimes businesses don’t succeed for many reasons. Sometimes, the deal falls through after the founders say yes on camera. Or, as you’ll see, sometimes things happen to the founders themselves, and they choose to abandon the business. Anything is possible. However, The Funhouse Project went out of business. The company shutdown date is unknown, And the product is no longer available in the market.
