Joe Burke, with his son Jamison, came on Shark Tank with the solution to a common problem faced by parents. Parents forbid their children from playing volleyball or other sports indoors. But they don’t listen. This causes damage to the furniture and other home accessories.
Joe described that he and his family have athletic energy and can’t help themselves but play indoors, which causes damage to furniture, windows, and electronic devices.
With this solution, he made a lightweight ball that does not cause any damage no matter how you kick it with your full force. They entered Shark Tank seeking $250,000 for 2.5% equity in their company, Victory Sport, whose valuation is $10 million.
Joe mentioned that their company had already generated millions of dollars in revenue. This changed the perspective of the Sharks about the product.
In this article, we will discuss the sales, margin, and cost of Victory Sport and also discuss whether they got the deal or not.
Ollyball Net Worth
Joe Burke went on Shark Tank asking for $250,000 for 2.5% of Victory Sports, the company behind Ollyball. This meant he valued the company at $10 million. He made an on-screen deal with Lori Greiner for $250,000 in exchange for 8.5% of the company. That deal valued the company at about $2.94 million. The episode aired on September 30, 2026. Ollyball had already made $2.7 million in 2025 sales, about $250,000 in net profit, and $7.5 million in lifetime sales, and the company has now sold more than 2 million units. Based on its strong sales, major retail presence, and continued growth, the current net worth of Ollyball is estimated to be around $5 million to $8 million as of 2026.
Did Victory Sports Get a Deal on Shark Tank?
Yes, Joe Burke successfully secured the deal with Lori Greiner. Initially, he was seeking $250,000 for 2.5% equity in their company, Victory Sports. That was a $10 million valuation when Joe revealed that his company generated $2.7 million in sales last year. And the sales for the current year are $3.2 million. Their lifetime sales till now are $7.5 million, which is huge compared to their product, which impressed the Sharks.
But they got only one offer from the Sharks. Sara and Erin offered him $250,000 for 10% equity. After negotiation, both parties were satisfied with 8.5%.
Victory Sports Shark Tank Deal Table
| Shark’s name | Offer & Demand | Accepted |
|---|---|---|
| Lori Greiner | $250,000 for 10% equity, negotiated to 8.5% | Yes |
| Kevin O’Leary | Out | No |
| Barbara Corcoran | Out | No |
| Sara Foster & Erin Foster | Out | No |
| William | Out | No |
Founders’ Backstory
Joe mentioned that even though he was the COO of a large real estate company, deep inside, he always wanted to build his own business empire. Despite having a successful real estate career, his goal was still to become an entrepreneur.
The inspiration for Ollyball came into his mind from his family. He mentioned that his older daughter played volleyball inside the house all the time. This caused damage to household necessities like the TV, LEDs, furniture, and windows.
Then the question was raised in his mind: why had nobody come up with a product that was made specially to play indoors?
He made 100 different prototypes before the final product was made, which shows his dedication and passion toward the business. Then Ollyball came into being; no matter how forcefully you hit the ball, it does not cause any damage.
Victory Sports Shark Tank Pitch
Joe entered Shark Tank with his son Jamison and introduced the idea that everyone faces the problem of damage when they play volleyball and pickleball indoors. Children want to play sports indoors, but the traditional balls were not suitable for that. But then they introduced their product, Ollyball, which is so lightweight that it eventually flies in the air when you kick it.
Ollyball’s Crunch Core ability allows it to protect and reduce the potential when the player uses full force when kicking.
Joe talked about his bestseller, Classic Ollyball, which is based on the cartoon characters from the book that was written by him and published in 2019.
He mentioned that customers can also design their balls themselves with crayons and marker colors. The best and most exciting version of Ollyball was that it came with an LED light to play in a darker environment.
Shark Questions, Negotiations, Discussion & Reactions
The Sharks wanted to understand the company’s financial condition more deeply; that’s why they asked the following questions.
Kevin O’Leary was concerned about the company’s valuation. Joe explained that their last year’s sales were $2.7 million and their current year’s sales were $3.2 million.
Barbara Corcoran asked about their best-selling product. Joe answered proudly that their best-selling product or version is the one designed with the cartoon character from his published book from 2019.
Kevin also wanted to know where they sold their product. He replied that they sold it on Amazon and also ran advertisements on TikTok.
Lori asked what the manufacturing cost of the product was and how much they sold it for. Joe replied that they sell it for $21 and the manufacturing cost is $1.75 to $4.50. This amazed everyone because it has a huge margin.
After their questions, Lori also gave them an offer of $250,000 for 10%, even though they asked for 2.5% equity. After negotiation, they met at 8.5% equity and secured the deal with Lori.
Why Some Sharks Said No
Even though the Sharks liked the product, not everyone was ready to invest. Lori and Sara backed off because they didn’t think they were the right Sharks for him.
One of the major reasons for saying no to the deal was the small equity Joe offered, which did not look like a profitable deal even though they were going to invest $250,000 in the business.
Barbara’s reason for saying no to the deal was completely out of the box. She asked why you guys need Sharks. Because they already generated $7.5 million in sales. Joe mentioned that he wanted to take Ollyball to new heights, which could only be possible if they collaborated with Sharks.
But Lori still saw the potential in the product and was ready to invest, and eventually they became partners in the end.
Where To Buy Ollyball and Product Features
Because Ollyball was designed for indoor sports, its most noticeable feature was its lightweight design. Even though the normal volleyball is 12 inches, Ollyball created an LED-lighting version for darker environments. Customers can also design their balls with markers and crayons.
The best-selling version is the Classic Ollyball, which has been sold through online channels like Amazon and TikTok. The price is $21; customers can buy it from their official website and Amazon.
What Happened To Victory Sports After Shark Tank?
Ollyball has already had great success, but after its appearance on Shark Tank, it got the platform to reach a larger audience. Joe has the biggest plan for their company; that’s why he agreed to do the deal for 8.5% equity when he asked for 2.5% at the start.
He mentioned that he wants to reach FIFA, which shows that he wants to make his business recognizable for indoor sports. His deal with Lori helps him reach new heights by working on all the facts that need fixing.
Conclusion
Joe Burke came to Shark Tank with the product Ollyball from a simple observation from his family. This was then turned into a successful business. Even though his product got amazing sales, his dedication to his business shows that he did not need sales only. He wants to get recognition for indoor sports. Despite simply accepting the problem, he came up with a solution.
His dedication, passion, and collaboration with Lori can help him reach where he wants. So, stay tuned to witness the success of Ollyball.
Hi, I’m Sandiya Kanwal! I’m in my final semester of my bachelor’s degree and I have a strong passion for sharing the inspiring stories of entrepreneurs. Writing for SharkTankInsights.com helps me explore how creative people turn simple ideas into successful businesses. I enjoy learning from their challenges, strategies, and achievements, and I love inspiring readers who dream of building something great.
