People are always looking for affordable entertainment options. Especially in busy cities like New York, finding fun and exciting things to do can be difficult. Many entertainment venues charge high prices. Not everyone can afford expensive tickets to Broadway shows or big attractions. This leaves people searching for budget-friendly entertainment that still offers a great experience.
Todd Robbins and David Adamovich had an idea to solve this problem. They wanted to create FunHouse, an entertainment venue in Times Square. It would offer live performances like magic tricks, acrobatics, and juggling. They believed it would be a fun and affordable place for families and tourists.
They came to Shark Tank looking for an investment to make this idea a reality. They asked for $300,000 for 20% of their business. Did the entrepreneur get a deal on Shark Tank? Check out our FunHouse update to find out!
FunHouse Net Worth Shark Tank Update 2025
Todd Robbins and David Adamovich went on Shark Tank asking for $300,000 for 20% of their company. This meant they thought their business was worth $1,500,000. They did not make a deal with any Shark. The episode was aired on September 20, 2009. The company never launched and is no longer active. The current net worth of FunHouse is $0 in 2025.
The business never became a reality. Todd and David could not find the investment they needed. The high startup and operational costs made it difficult to launch the business. Even though the idea had potential, it was too expensive to make work.
After Shark Tank, the entrepreneurs tried to find other investors. However, they struggled to get people interested in funding such a costly project. Over time, they had to abandon their plans. Todd returned to performing magic and street shows. David went back to teaching as a professor. The FunHouse idea never moved forward. There is no FunHouse location in Times Square today.
Todd and David did not get a deal on Shark Tank. The sharks liked the idea of live entertainment but thought the business was too risky. They believed the startup cost was too high and were not sure if it would make a profit.
| Shark(s) name | Offer & Demand | Counteroffer | Accepted? |
| Barbara Corcoran | Out | N/A | N/A |
| Robert Herjavec | Out | N/A | N/A |
| Kevin O’Leary | Out | N/A | N/A |
| Daymond John | Out | N/A | N/A |
| Kevin Harrington | Out | N/A | N/A |
FunHouse Shark Tank pitch
Todd Robbins and David Adamovich had a passion for live entertainment. Todd was an experienced magician and performer. He loved entertaining people with magic and circus acts. David, also known as “The Great Throwdini,” was a skilled knife thrower. They both wanted to create a space where street performers could showcase their talents.
They came up with the idea for FunHouse. It would be a large entertainment venue in Times Square. It would have different performances like juggling, acrobatics, and fire-breathing acts. Their goal was to provide an affordable, fun experience for families and tourists.
Todd and David stepped onto the Shark Tank stage with high hopes. They asked for $300,000 for 20% of their business. They explained their vision for FunHouse. It would be a 25,000-square-foot venue with live entertainment. Tickets would cost $15 per person.
Todd performed a magic trick to impress the sharks. David showed off his knife-throwing skills. He even had Daymond John volunteer for the demonstration. The sharks found the performance exciting. However, they had many concerns about the business model. Keep reading our FunHouse update to see what happens next!
Kevin O’Leary: He wanted to know how they would attract customers. He questioned their marketing strategy. Todd and David did not have a clear answer.
Robert Herjavec: He asked about the financial risks. He wanted to know how they would manage the $1.5 million startup cost. They admitted they still needed more investors.
Kevin Harrington: He was concerned about ticket sales. He asked how they would make $9.4 million in the first year. Todd said they expected a lot of visitors. However, he did not provide a solid plan to reach that goal.
Barbara Corcoran: She asked about branding. She wanted to know how they would make FunHouse a well-known attraction. They had no strong branding strategy in place.
Daymond John: He asked about competitors. He wanted to know what made FunHouse different. Todd said it would have a variety of acts. But the sharks were not convinced it was unique enough.
Kevin O’Leary: He thought the risk was too high. He said the business model did not make sense. He was out.
Robert Herjavec: He said the cost was too high. He did not believe the business could make a profit. He was out.
Kevin Harrington: He said he liked entertainment businesses but did not see a future for FunHouse. He was out.
Barbara Corcoran: She said branding FunHouse would be expensive. She did not want to take the risk. She was out.
Daymond John: He thought the idea was interesting. But he did not believe it would succeed. He was out.
What Went Wrong With FunHouse On Shark Tank?
The sharks had many concerns. The biggest problem was the high cost. The business needed $1.5 million to start. It also had $7 million in yearly expenses. The sharks did not see a way to make a profit.
Todd and David also did not have a clear plan. They did not explain how they would bring in customers. They did not have a strong marketing or branding strategy. This made the sharks doubt the success of the business. Because of these issues, no sharks invested in FunHouse.
Product Availability
The business never launched. The FunHouse venue was never built. Todd and David could not secure the funds needed to start the business.
Since FunHouse was never created, there are no tickets to buy. The business does not have a website. It is not available anywhere.
Conclusion
FunHouse was an ambitious idea. Todd and David wanted to create an affordable entertainment venue in Times Square. They believed it would attract many visitors. However, the business required too much money to start. The sharks did not see a path to success.
After leaving Shark Tank without a deal, they tried to find other investors. But the high costs made it difficult. Eventually, they gave up on the idea. Todd returned to performing. David went back to teaching. FunHouse never became a reality. It remains an idea that never made it off the ground.
Hey, I’m Amna Habib an undergraduate student of Bachelors in Business Administration. Shark Tank is one of my favorite TV shows of all time. The show provides a fascinating insight into the world of entrepreneurship by presenting creative solutions to common problems, which strongly connects to my academic interests. I’m interested in learning more about the strategic thinking and creativity that lead these companies as each pitch provides insightful information. I’ve found that watching Shark Tank has inspired my enthusiasm for business and entrepreneurship and has been a very enlightening and motivating experience. Apart from business and writing, I love food, shopping, and hanging out with friends and family. Read more About me.
