James Pidhurney and Greg Pope are the founders of the Chalkless grip enhancer product. They want $400,000 for 4% equity on Shark Tank. Chalkless helps athletes become more grip-efficient. It cleanses the skin of oil. Holding onto objects is much easier as a result. It is also environmentally safe and non-toxic. James and Greg gave a Shark Tank demonstration of their concept. They demonstrated its operation.
Sharks gave it a try and discovered how powerful their hold was. The founders gave an explanation of their sales and objectives. They were looking for a shark to help them expand their company. They also demonstrated how it may be applied to fitness and sports like golf. The Sharks had a lot of inquiries. They discussed the market, patents, and expenses. Will the entrepreneur get a deal on Shark Tank? Check out the ChalkLess update to find out!
Chalkless Net Worth Shark Tank Update
James Pidhurney and Greg Pope asked for a $400,000 investment in exchange for 4% equity in their company. This meant they valued their company at $10 million. They made a deal with Rashaun Williams and Kevin O’Leary for $400,000 in exchange for a $2.50 per unit royalty until the investors earned $4 million, then dropping to $0.25 per unit indefinitely, plus 4% equity. This new deal maintained the company’s valuation at $10 million. After the show aired, Chalkless saw a big increase in website traffic, sales, and social media exposure. With an estimated 10% yearly growth rate (typical business growth), the current net worth of Chalkless in 2025 is about $16.1 million.
For a quick update, Chalkless is still running in 2025 and doing well. After they went on Shark Tank, more people started buying their product. Athletes in many sports like basketball, football, golf, tennis, and CrossFit now use it. The powder helps with grip and doesn’t make a mess. People like it, and the company is growing. The popularity of Chalkless increased after Shark Tank. The product was eagerly awaited by many. The agreement with Rashaun Williams and Kevin O’Leary aided in the expansion of the business. They reached athletes and fitness instructors by utilizing the Sharks’ ties.
| Shark(s) name | Offer & Demand | Counteroffer | Accepted? |
| Rashaun Williams | out | $400,000 total investment ($200,000 each from Kevin and Rashaun) $2.50 per unit until the founders hit $4 million in revenue, then dropping to $0.25 per unit forever, 4% equity | Yes |
| Lori Greiner | out | N/A | N/A |
| Kevin O’Leary | $400,000 investment, A $2.50 per unit royalty until he recoups $4 million in revenue. After reaching $4 million in revenue, the royalty drops to $0.25 per unit in perpetuity. He would also receive 4% equity in the company | $400,000 total investment ($200,000 each from Kevin and Rashaun) $2.50 per unit until the founders hit $4 million in revenue, then dropping to $0.25 per unit forever, 4% equity | yes |
| Barbara Corcoran | out | N/A | N/A |
| Mark Cuban | Out | N/A | N/A |
Chalkless Shark Tank Pitch
Chalkless was founded by Greg Pope and James Pidhurney in response to an issue they observed in both sports and daily life. Both athletes and everyday individuals frequently have grip issues. They sought to find an alternative to conventional grip materials like chalk in order to address this issue.
Their backgrounds provided the inspiration. Greg works as an engineer for corrosion. He worked on coatings and paints for large buildings, such as nuclear power stations. He was familiar with materials and their behavior in various settings. James works as an engineer in chemistry.
He concentrated on using materials and chemicals to solve difficulties. They created Chalkless by pooling their collective knowledge. They had difficulties in the beginning. Making the product effective was the first challenge. They required a solution that would function in various settings and on various surfaces.
The conventional approach, chalk, was untidy and wasn’t always effective. They needed to strengthen their hold without creating a mess. To discover the ideal design, they had to try a lot of different materials. Getting the product just perfect took a long time.
They needed to figure out how to package and sell it after they had the formula down. They had to spread the word and develop their brand. Raising awareness was the most difficult task. They needed to locate consumers who would try the product and believe in it. Getting fitness experts and sportsmen to use the product was crucial. In a market that was very competitive, they also needed to persuade investors that their product had genuine potential.
James and Greg knew exactly what they wanted when they appeared on Shark Tank. They requested $400,000 for 4% of Chalkless’s ownership. They clarified that the product absorbed oil from the skin and improved grip. Performance and grip would both be enhanced by this. They used a torque machine to show how it operated. They demonstrated a 60% increase in grip strength. The founders discussed the experience they had while developing the product.
They revealed that the product was already selling and had brought in $740,000. They clarified that the product was environmentally safe and continued to function even after being submerged. They concentrated on the grip items’ sales potential. They added that getting the product into the hands of more athletes and increasing awareness was their largest obstacle.
They sought a strategic partner that could support their expansion. They were looking for a Shark who could help them market the product and expand its reach within the fitness and sports industries. They mentioned tennis and golf as the sports that could gain the most from the device. They wanted to collaborate with a Shark who could assist them in realizing their goals because they were thrilled about the potential for growth.
Chalkless raised a lot of questions for the Sharks. They were curious about how it operated and what set it apart from competing goods. They enquired about the components and manufacturing process. James and Greg clarified that it wasn’t chalk. It enhances grip by eliminating the skin’s oil.
They stressed that it was both ecologically beneficial and safe. The Sharks wanted to know how well it performed under various circumstances. They saw the presentation and were impressed. Rashaun noticed a significant increase in grip strength after using the product. Lori Greiner enquired about the product’s exclusive nature. The founders attested to having two granted and two pending patents.
The packaging and dispensing technique was also patented by them. Though they had reservations, the Sharks were intrigued by the market’s potential. Kevin O’Leary was curious about the cost of production. Initially, the founders were reluctant to divulge that information. They stated that their margin was 67% but they would not provide precise figures. Mark Cuban became irritated and backed out of the agreement.
The fact that the founders weren’t disclosing every aspect annoyed him. The legality of using the product in professional sports like the NBA was another question Kevin had. He was reassured by the founders that the product was lawful and utilized in a variety of sports. They disclosed that the fitness industry was their largest market.
The Sharks had conflicting answers. The first person to leave was Mark Cuban. The founders’ refusal to split the product’s price annoyed him. He didn’t believe his investment would be well suited to it. Rashaun also left because he felt it wasn’t the perfect fit for him. Barbara Corcoran also bowed out since she didn’t believe she could contribute to the expansion of the company. Lori Greiner also didn’t think it was a good fit for her business, so she passed.
The only Shark to submit an offer was Kevin O’Leary. He offered to pay the founders $400,000 in exchange for a 4% share in the business. But he insisted on receiving a royalty of $2.50 for each unit sold until he earned $4 million. The royalty would then decrease to $0.25 per unit for the remainder of the business’s existence. He also volunteered to assist in promoting the goods by using his social media team.
Rashaun joined, promising to assist the founders in getting professional players to use the product. With his connections, he thought he could assist 20 to 30 athletes in using the product. Rashaun and Kevin decided to divide the $400,000 investment equally. It was an offer that thrilled the creators. They were excited to work with Kevin and Rashaun after accepting it. They thought the collaboration would aid in their development.
What Went Wrong With ChalkLess on Shark Tank?
Not every Shark agreed to the terms of the agreement. The first person to leave was Mark Cuban. The fact that the founders refused to split the production costs annoyed him. He believed that it would be challenging to assess the company because of this lack of transparency. Kevin O’Leary was apprehensive about the appraisal as well. He believed that the company was valued too high at $10 million, at $400,000 for a 4% interest.
But in order to safeguard his investment, Kevin proposed a deal with a royalty structure. Barbara Corcoran didn’t think she could make the company better. She didn’t believe she had the knowledge necessary to advance the product. Additionally, Lori Greiner failed since it wasn’t something she was interested in. She recognized that the merchandise didn’t excite her.
Product Availability
Chalkless can be purchased online on the business’s website. The product is available in two sizes: a smaller bottle costs $24.99. The larger bottle costs $35.99. The business has been able to expand into a few retail locations and increase its internet presence.
The product is promoted as a non-toxic, eco-friendly way to increase grip in fitness and sports. The website provides comprehensive details about the product and its advantages.
Conclusion
The Sharks were drawn to Chalkless because it is a novel product. Rashaun Williams and Kevin O’Leary signed a deal with it despite significant difficulties during the pitch. The business has increased and broadened its clientele since making its appearance on Shark Tank.
The product may still be bought online, and the creators are trying to get it into new markets. The company has expanded its foothold in the grip-enhancement sector and increased its visibility thanks to the Sharks alliance. Chalkless might grow into the sports and fitness industries in the future.
Hi, I’m Laiba Khurram, a BBA student specializing in Marketing at FAST NUCES ISB. My background includes experience in finance, marketing, and event coordination. My skills include teamwork, time management, and Microsoft tools. Watching Shark Tank has always inspired me, as I admire the innovative pitches and entrepreneurial spirit showcased on the show. This passion drives my approach to finding creative solutions and understanding market dynamics. Read more About me.
