Glove Wrap - Shark Tank Update

Baseball/softball Glove wraps

Published Last updated

Season 15, Episode 3 Founded by Jon Batarse and Gavin Batarse and Morgan Batarse In Business

Glove Wrap Details

Shark Tank Episode Details

Founders Jon Batarse and Gavin Batarse and Morgan Batarse
Air Date 2023-10-13
Season & Episode Season 15, Episode 3
Initial Ask $50K for 20.0% equity
Deal Details Got deal: $50K for 22.0% equity from Mark Cuban, Michael Rubin
Estimated Yearly Revenue $300k
Estimated Net Worth (4x estimated revenue) $1.2 million

The Shark Tank Pitch

Jon Batarse was a baseball dad who had lived the familiar frustration of handing his son a stiff, brand-new glove and watching the first weeks of the season pass before the leather finally broke in enough to be useful. The traditional break-in methods he knew about were not exactly reassuring.

Putting a glove in a microwave shortened the leather's life; running it over with a car was the kind of desperation move that left parents grimacing; drowning it in conditioner oil could cause deterioration rather than improvement. What should have been a straightforward rite of passage for young baseball players had become a minefield of conflicting advice and questionable techniques that risked damaging equipment worth several hundred dollars.

Working with his sons Gavin and Morgan, Jon developed Glove Wrap as a systematic, damage-free break-in solution. The system centered on purpose-built wraps that held a formed pocket in the glove overnight while specialized conditioning products penetrated the leather properly, guiding its shape through the natural process rather than forcing it through heat or mechanical compression.

The result was a glove that broke in correctly, developed the pocket its owner actually needed, and lasted longer because the leather had been treated with care rather than subjected to aggressive shortcuts. The family business had genuine field credentials.

Jon, Gavin, and Morgan were not inventors who stumbled onto a baseball product - they were baseball people who understood the sport's equipment culture from the inside. That authenticity showed in detailed product design that addressed the real mechanics of leather conditioning, not just the surface appearance of the problem.

When they appeared on Shark Tank seeking $50,000 for 20% equity at a $250,000 valuation, Glove Wrap had already generated $300,000 in revenue - evidence that parents and coaches working through the same frustrations Jon had experienced were finding the product and paying for it without being told they should. The market was not theoretical.

It was already their customers.

Where Are They Now?

Mark Cuban and guest shark Michael Rubin moved together quickly. Both offered $50,000 for 22% equity - a slight bump from the Batarse family's original ask of 20%, but a deal structure that brought two investors with genuinely complementary backgrounds to a family business positioned at the intersection of sports and youth consumer markets.

Mark's experience scaling sports-adjacent ventures complemented Michael Rubin's intimate knowledge of the licensed sports merchandise industry through Fanatics, where understanding what sports families spend money on - and why - had been central to building a multi-billion dollar business. The deal closed, giving Glove Wrap the capital and investor relationships to expand beyond its direct-to-consumer base into the retail channels where baseball and softball equipment is actually purchased.

Youth baseball families shopping for gloves at their local sporting goods store - the exact moment when they would most want a break-in system to go with their new purchase - represented a point-of-purchase opportunity that the company had limited ability to capture without distribution infrastructure and retail relationships that the Cuban and Rubin partnership helped unlock. Beyond retail, the Shark Tank episode provided the kind of national brand validation that turns a product parents discover through word of mouth into one that coaches recommend at the start of every season.

Equipment managers for travel ball programs and recreational leagues, who maintain multiple gloves simultaneously, formed a particularly valuable institutional customer segment that Glove Wrap was well-positioned to serve once broader brand awareness made it the default recommendation when someone asked how to properly break in a baseball glove. The Batarse family's story resonated beyond the baseball-specific problem they solved: a father who identified a frustration through his sons, built a solution, and brought the whole family into the business.

That kind of authentic origin proved durable marketing in a youth sports market where parents are acutely aware of whether a product was made by someone who understands the sport or simply identified it as a category.

Revenue

$300k

Explore More

Browse Seasons

Explore products by season and episode

Browse by Seasons

Season Navigation

Explore other episodes

View All Seasons

Back to Home

See featured products and updates

Home Page

Help Us Keep Information Updated

Found broken links or outdated info? Let us know!