Adventure Hunt - Shark Tank Update

Brothers Sean and Jared Bingham transformed their frustration with boring group activities and predictable family outings into an adrenaline-pumping business adventure when they created Adventure Hunt, a real-world treasure hunting experience that combines the excitement of The Amazing Race with modern technology and substantial prizes that make participants feel like genuine treasure hunters. Their innovative concept featured city-wide scavenger hunts where teams of two used a specialized app to complete 10 out of 50 diverse challenges ranging from eating food without hands to rock climbing, earning points that eventually unlocked a treasure map leading to buried chests containing incredible prizes like GoPro cameras and all-expenses-paid trips to Red Frog resort in Panama.

The business model targeted multiple markets including corporate team-building events, birthday parties, youth groups, and adventure-seeking adults, with tiered pricing from $30-$100 per team and over 150 events scheduled for 2019, demonstrating scalable potential that caught the attention of major corporations seeking unique employee engagement experiences. Seeking $150,000 for 10% equity and valuing their treasure hunting company at $1.5 million, Sean and Jared entered Shark Tank Season 10 with impressive traction including $769,000 in sales within just 18 months, armed with an engaging onstage demonstration that included actors performing challenges and even giving each other wedgies, proving their concept's entertainment value while showcasing the interactive technology that automated most logistics and made their adventure experiences easily scalable across multiple cities.

The memorable pitch featured hilarious onstage demonstrations and interactive challenges that had the sharks laughing and personally participating in obstacle courses, leading to competing offers from guest shark Bethenny Frankel and Robert Herjavec who both recognized the massive potential in corporate team-building markets, ultimately resulting in Robert securing the deal with $150,000 for 20% equity after both sharks negotiated down from 25%. The partnership with Robert Herjavec proved strategically brilliant as his marketing expertise helped Adventure Hunt expand aggressively into the corporate events space, securing high-profile clients including Orangetheory Fitness, Ancestry.com, USAA, and Keller Williams while building a reputation as a premier provider of unique team-building experiences that combined physical activity with problem-solving and collaboration.

When the COVID-19 pandemic devastated in-person events in 2020, the company demonstrated remarkable adaptability by pivoting to virtual treasure hunts, maintaining revenue streams during lockdowns before successfully returning to in-person events as restrictions lifted, though recovery to pre-pandemic levels took time as corporate event budgets remained cautious. We found that Adventure Hunt has successfully navigated post-pandemic challenges and grown to approximately $1 million in annual revenue by 2024, continuing to operate active treasure hunts across multiple cities while Sean Bingham has diversified his entrepreneurial portfolio by launching Tripio, a travel planning app, demonstrating how successful Shark Tank partnerships can provide the foundation for sustained business growth and additional venture creation.