Chess Up - Shark Tank Update

Chess Game with AI Technology

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Season 14, Episode 9 Founded by Jeff Wigh and Adam Roush In Business

Chess Up Details

Shark Tank Episode Details

Founders Jeff Wigh and Adam Roush
Air Date 2022-12-09
Season & Episode Season 14, Episode 9
Initial Ask $300K for 5.0% equity
Deal Details Got deal: $300K for 5.0% equity from Lori Greiner
Estimated Yearly Revenue Unknown
Estimated Net Worth (4x estimated revenue) Unknown

The Shark Tank Pitch

Chess has been played in essentially the same form for five centuries, and Jeff Wigh and Adam Roush built Chess Up on the premise that integrating artificial intelligence and LED technology into a traditional wooden board could meaningfully change how everyday players learn the game. The Chess Up board embeds an AI engine and a grid of LED lighting beneath each square, creating a physical chess set that can also function as an interactive coach.

Players choose from multiple difficulty modes and playing styles before each game, and the board can illuminate legal move options, highlight strategic ideas, or simply respond to moves like a self-contained opponent - no phone or laptop required, though a companion mobile app records game history, tracks improvement over time, and expands the board's functionality further. The central insight behind the product was that most casual chess players abandon the game not from lack of interest but from lack of progress: losing repeatedly to stronger players or computer engines discourages the feedback loop necessary for genuine improvement.

Chess Up addressed that frustration by meeting players at their level and providing gentle, visual coaching during actual gameplay rather than requiring separate study sessions. Wigh and Roush entered the Tank during Season 14's ninth episode seeking $300,000 for 5% equity at a $6 million valuation, presenting the lit board during a live demonstration that made an immediate visual impression.

Their sales data at the time of filming showed meaningful consumer traction, with units retailing in the $149-$179 range, and they made a compelling case for the product's appeal across both the gift market and the growing educational toy segment. Lori Greiner responded enthusiastically; her eye for visually compelling consumer products that drive impulse purchases - particularly in gift-giving seasons when an illuminated, technology-enhanced chess set would stand out against conventional gifts - led her to engage seriously with the deal.

After back-and-forth on structure, Lori agreed to invest $300,000 for 5% equity plus a per-unit royalty until her investment was recouped, giving her a revenue-tied return while maintaining a meaningful equity stake in the business.

Where Are They Now?

Lori Greiner's involvement brought precisely the retail expertise and commercial relationships Chess Up needed to reach a mainstream audience beyond chess enthusiasts. Known for identifying consumer products with strong visual shelf appeal and gift-driving impulse, Lori helped Jeff and Adam refine their retail packaging and positioning for holiday and gift segments where a lit, AI-powered chess set would naturally command attention.

The Shark Tank appearance itself provided significant organic marketing lift: the visual drama of the illuminated board-squares glowing as the AI engine contemplated moves-made for compelling television, and viewer interest translated into immediate traffic spikes to playchessup.com. The board became available through Amazon and the company's direct website, with the physical-plus-digital approach offering something neither a traditional luxury chess set nor a mobile chess app alone could replicate: the tactile pleasure and social quality of a physical board combined with real-time coaching that grew with the player.

Chess Up continued developing its product line and expanding its AI coaching capabilities through app updates, serving chess communities, parents seeking educational holiday gifts, and casual players who wanted to build genuine skill rather than simply pushing pieces against an unforgiving computer. The company remains in active operation, with revenue tracking in line with a niche premium educational game business, and the Lori Greiner partnership positioned the brand for ongoing development in the intersection of traditional games and modern learning technology.

Revenue

Unknown

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