FunHouse Shark Tank Update (Season 1)

Todd Robbins and David Adamovich appeared on Shark Tank Season 1 Episode 7 and asked the Sharks for $300,000 for 20% equity at a $1.5 Million Valuation in their company’s FunHouse. David is a professional implement artist who is a knife thrower.

Todd is a magician and started working with David on The Funhouse Project. New York’s Time Square attracts millions of visitors and they plan to open a 25,000 square feet low-cost entertainment venue there. All the sharks refused to invest in this company.

What Is FunHouse?

FunHouse is a low-cost entertainment venue project at Time Square. It will have an area of ​​25,000 square feet and have 5 venues. According to the founders, the initial cost of building the Venue will be approximately $1.5 million.

Company NameThe FunHouse Project
FounderTodd Robbins and David Adamovich
Founded2006
Productlow-cost entertainment venue
Asked For$300k for 20% equity
Final DealNo Deals
SharkNo Sharks
Episode (Shark Tank USA)S1 E7
Air DateSep 29th, 2009
Business StatusOut of Business
WebsiteVisit Website
HeadquartersFreeport, New York, USA
Lifetime Worth (Sales)$0 *estimated
Buy and WatchBuy NowAmazon Prime

Another Shark Tank Pitch

Who Is The Founder Of FunHouse?

Image via ABC Shark Tank

The founders of FunHouse Company are Todd Robbins and David Adamovich. David is a professional knife thrower and Todd is a magician. Both of them dream of starting their own business.

How Was The Shark Tank Pitch of FunHouse?

Todd and David, both professional stage artists, asked the Sharks for $300k for 20% equity after entering Shark Tank. They explained their business plan to the sharks and the sharks were surprised to hear this.

Kevin O’Leary called these guys nuts after hearing about a 25,000-square-foot low-cost entertainment venue project in Times Square. Todd says it will cost approximately $1.5 million to build the Whole Facility.

The annual expense in this could be over $7.4 million. Kevin O’Leary directly refused to invest in this company. All the sharks said that they are out of it because they cannot take that much risk by investing.

Sharks Offers list!

SharksOffers
Barbara Corcoran Barbara CorcoranNo Offer
Kevin O'Leary Shark Tank Profile Kevin O’LearyNo Offer
Robert Herjavec Robert HerjavecNo Offer
Daymond John Daymond JohnNo Offer
Kevin Harrington Kevin HarringtonNo Offer
Founder’s (Countered)No Counter
Final DealsNo Deals

What Happened To FunHouse After Shark Tank?

FunHouse didn’t get the deal in Shark Tank. Todd and David had come to Shark Tank with the hope that they would start this business with funding but it did not happen. All the sharks refused to invest because there was too much risk in this startup.

The founders were very disappointed by this and according to our research, they have not yet started working on this business idea.

FunHouse Shark Tank Update

This is not a very good business idea as it involves a lot of risk and the annual expense is millions of dollars. Sharks do not take an interest in this type of business. This project has not started so there is no information.

What Is FunHouse’s Net Worth?

FunHouse’s net worth is estimated at $0 million. Every year many businesses are started but most of the businesses get shut down due to lack of funding or lack of sustainable model. To succeed in business, a good mentor is needed.

Annual Revenue by Years

Note: This report is based on our research and data so far. In this, we are only estimating the annual revenue.

YearsAnnual Revenue
N/A *estimated

Funding Reports to Date!

YearsFunding AmountInvestor
n/an/an/a

Is FunHouse Still In Business?

According to us, the FunHouse project is not a good business idea and this type of business will not be sustainable in the time of technology. In recent times, most of the business is based on technology.

The official address of this company was Freeport, New York, United States.

No, FunHouse has been out of business since 2009.

frequently asked questions

Who founded FunHouse?

FunHouse was founded by Todd Robbins and David Adamovich.

Did FunHouse get a deal on Shark Tank?

No, FunHouse didn’t deal with Shark Tank.