VPCabs Net Worth 2022 – What Happened After Shark Tank?

From a garage in Ohio to Shark Tank, VPCabs may be one of the best things that’s happened to the game of pinball yet.

It even snagged a deal from one of the sharks for a cool $200,000 for 25 percent of the company.

It may or may not have been one of the smartest moves made by that one shark in particular.

Let’s take a look at how VPCabs is doing now that it got the deal done and established a net worth of around $2 million.

VPCabs Quick Facts

Name

VPCabs

Company Net Worth:

$2 Million – *Estimated

Pitch:

Virtual Pinball Machines

Entrepreneur:

Brad Baker

Asked For:

$200,000 for 10%

Deal:

$200,000 for 25%

Shark:

Daymond John

Monthly Income:

$250,000-$417,000

What is VPCabs?

VPCabs is a virtual pinball machine company that was founded by Brad Baker in Cincinnati, Ohio.

The company was built out of his garage in 2017. A year later, Baker moved to a larger space in Fairfield, Ohio before moving to something much bigger in the nearby town of Hamilton.

Pinball soon made its way to a bar and restaurant incidentally known as The Pinball Garage.

Who is Brad Baker?

Brad Baker is the founder of VPCabs. He had previously built a business in his hometown in Ohio before creating VPCabs.

When a Cincinnati-area arcade asked Baker to create pinball machines, he decided to do just that with the help of his brother.

Once the machines were created, the demand for them increased.

What Happened During The Pitch

Baker explained that pinball has long been a classic. He also stated that because of the digital revolution, pinball was facing potential extension.

But Baker decided that putting the two together and the look and feel of the game was retained, albeit for the digital age.

While Baker was at a loss for words during the pitch, he finished his pitch. This led to the sharks wanting to give these pinball machines for a try. Lastly, Kevin O’Leary asked where these pinball machines would go.

He explained that the sales from pinball machines saved his house from foreclosure. Aside from that, he said that the sales totalled out to about $750,000. He says that he sells these pinball machines at trade shows.

He wrapped up the pitch by explaining the technical aspects of the machine.

The Investment

At the concern of some of the sharks, Kevin O’Leary stated that the company may not be profitable despite

Baker potentially drawing an $80,000. Some of the sharks said that the pinball machines may not attract kids, thus Lori Grenier bowing out followed by the others except Daymond John.

John originally pitched for $200,000 for 30 percent of the company. However, Baker counter offered 20 percent. However, the two agreed to $200,000 for 25 a percent stake.

Conclusion

At the concern of some of the sharks, Kevin O’Leary stated that the company may not be profitable despite Baker potentially drawing an $80,000.

Some of the sharks said that the pinball machines may not attract kids, thus Lori Grenier bowing out followed by the others except Daymond John.

John originally pitched for $200,000 for 30 percent of the company.

However, Baker counter offered 20 percent. However, the two agreed to $200,000 for 25 a percent stake.