Glove Wrap, a unique baseball and softball glove wrap designed to shape and condition gloves, captured attention during its pitch on Shark Tank in 2023. founders, John, Gavin, and Morgan Batarse, showcased their innovative product and secured a deal with renowned investors Mark Cuban and Michael Rubin. This article delves into current Glove Wrap Net Worth, its Shark Tank journey, updates post-show, and more.
Glove Wrap Net Worth
As of March 2025, Glove Wrap Net Worth is approximately $0.1 million, reflecting company’s budding stage. While its annual revenue remains undisclosed, startup’s journey has garnered significant attention and growth potential.
Net Worth (2025) | $0.1 million |
Annual Sales Revenue | Not Available |
Profits | Not Available |
Lifetime Sales (2023) | $19,000 |
Employees | Not Available |
Glove Wrap Net Worth Timeline
Year | Net Worth |
2025 | $0.1 million |
2023 | $227,000 (valuation after Shark Tank appearance) |
Shark Tank Glove Wrap Pitch: Journey
Batarse family—John, Gavin, and Morgan—entered Shark Tank Season 15, Episode 03, in 2023. They sought an investment of $50,000 for 20% equity, valuing their company at $250,000. young entrepreneur, Gavin, alongside his father and sister, pitched with passion, narrating how idea for Glove Wrap came to life.
Origin of Glove Wrap
inspiration for Glove Wrap came from Gavin and Morgan, who play baseball and softball respectively. When their father bought Gavin a new glove, they realized need for an effective way to shape it. Using a large piece of rubber, idea for Glove Wrap was born. After finding no similar product on market, John and Gavin launched business.
Shark Tank Pitch Highlights
During pitch, Sharks delved into product’s specifics and sales data:
- Sales Figures: Over 1,000 units sold, generating $19,000 in revenue.
- Cost Structure:
- Production Cost: $3 per unit.
- Retail Price: $19.99.
- Wholesale Price: $10.
- Unique Selling Proposition (USP): Specifically designed to fit width, shape, and thickness of gloves, distinguishing it from generic exercise bands.
Shark’s Feedback and Final Deal
- Kevin O’Leary declined investment, humorously suggesting that Gavin might need to drop out of school to focus on business.
- Lori Greiner stepped out, believing sports-focused Sharks could offer better guidance.
- Barbara Corcoran appreciated potential but opted out due to similarities with exercise bands.
- Mark Cuban and Guest Shark Michael Rubin saw product’s potential in professional baseball and jointly offered $50,000 for 22% equity, valuing company at $227,000.
- deal was accepted by Gavin and his family.
Company Name | Glove Wrap |
Founders | John, Gavin, and Morgan Batarse |
Business | Glove wraps for baseball and softball |
Episode | Season 15, Episode 03 |
Asked Deal | $50,000 for 20% equity |
Final Deal | $50,000 for 22% equity |
Sharks | Mark Cuban and Michael Rubin |
Business Status | In Business |
Headquarters | Tustin, California, USA |
Glove Wrap Post-Shark Tank Updates
Since appearing on Shark Tank, Glove Wrap has gained notable traction in market.
- Product Features: A specialized elastic band tailored for gloves, enabling players to mold and shape their equipment effectively.
- Social Media Impact:
- Over 100,000 followers across platforms like Instagram, TikTok, and Facebook.
- Viral TikTok video showing Gavin distributing glove wraps to Texas Rangers and California Angels players garnered 5.5 million views.
- Publicity:
- Featured in LA Times and on various sports-centric platforms.
- Increased visibility through events like Gavin’s interactions with MLB teams.
Meet Founders
Batarse family comprises:
- John Batarse: Business operations lead and Gavin’s baseball coach.
- Gavin Batarse: Eight-year-old President and CEO of Glove Wrap.
- Morgan Batarse: Active contributor and Gavin’s sister.
Founder | Role | Details |
John Batarse | Operations Lead | Business strategist and father of Gavin. |
Gavin Batarse | President & CEO | Young entrepreneur behind Glove Wrap. |
Morgan Batarse | Contributor | Co-founder and Gavin’s sister. |
Achievements and Recognitions
Year | Achievements and Awards |
2023 | Secured Shark Tank deal with Mark Cuban and Michael Rubin. |
Viral TikTok video with 5.5 million views. | |
Featured in LA Times article. |
Conclusion
Glove Wrap’s Shark Tank journey exemplifies potential of innovation, determination, and teamwork. Batarse family’s venture started as a simple idea to improve baseball glove conditioning and has grown into a promising business. Their partnership with Mark Cuban and Michael Rubin has paved way for future growth. As of 2025, Glove Wrap Net Worth stands at $0.1 million, with substantial opportunities ahead.
Stay tuned for updates as company continues to shape its legacy in sports industry.
Disclaimer
This article is intended for informational purposes only. data provided, including net worth and business updates, is based on publicly available sources and information presented during Shark Tank. All financial details are estimates and subject to change. Readers are encouraged to conduct their own research for accurate insights.
FAQ
- What is Glove Wrap?
Glove Wrap is a rubber band designed for shaping and conditioning baseball, softball, and hockey gloves. - Who founded Glove Wrap?
company was founded by John, Gavin, and Morgan Batarse. - Is Glove Wrap still in business?
Yes, Glove Wrap is operational as of March 2025. - What is Glove Wrap Net Worth?
Glove Wrap’s net worth is estimated at $0.1 million in 2025.