Finding a place to stay during big college games can be a real challenge. Most small college towns don’t have enough hotel rooms to accommodate the crowd. Even services like Airbnb often fall short, especially when you’re looking for a space large enough for your group. Many fans end up crammed into tiny rooms or driving long distances just to find a bed for the night.
That’s where Drew Mitchel and Mike Doyle stepped in with Rent Like A Champion. This service focuses on vacation rentals in smaller college towns, catering to fans attending sporting events. Unlike larger platforms, they specifically target areas near stadiums, helping both homeowners and renters.
Their unique idea earned them a spot on Shark Tank Season 7, where they pitched their business to the Sharks. In this episode, Drew and Mike asked for $200,000 for 10% equity. Did the entrepreneur get a deal on Shark Tank? Check out our Rent Like a Champion update to find out!
Rent Like a champion Net Worth Shark Tank Update 2025
Drew Mitchel and Mike Doyle asked for a $200,000 investment in exchange for 10% equity in their company, Rent Like A Champion. This meant they valued their company at $2 million. They made a deal with Mark Cuban and Chris Sacca for $200,000 in exchange for 10% equity. This deal confirmed their original valuation of $2 million. After the show aired, Rent Like A Champion 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 Rent Like A Champion is about $3.22 million.
After their successful pitch on Shark Tank, Rent Like A Champion saw significant growth. They expanded beyond college football games to include rentals for events like golf tournaments and NASCAR shows. By 2022, they were offering rentals in 27 college towns, making it easier for fans to find convenient accommodations.
While the pandemic did cause a temporary dip in profits, the company quickly bounced back. By 2022, they were earning an impressive $12.6 million in annual revenue. Rent Like A Champion remains a strong player in the vacation rental market, focusing on underserved areas that bigger platforms often overlook. Fans can still book rentals or list their homes through the company’s website, proving their model’s continued success today.
Yes, Drew and Mike secured a deal on Shark Tank! They accepted an offer from Mark Cuban and Chris Sacca for $200,000 in exchange for 10% equity. Both Sharks saw the potential in targeting smaller towns and the sports fan demographic.
| Shark(s) name | Offer & Demand | Counteroffer | Accepted? |
| Chris Sacca and Mark Cuban | 1# $200,000 for 10% equity 2# $200,000 for 10% equity | N/A | Yes |
| Lori Greiner | Out | N/A | N/A |
| Kevin O’Leary | $200,000 for 15% equity | N/A | No |
| Robert Herjavec | Out | N/A | N/A |
| Mark Cuban | Partnered with Chris Sacca | N/A | N/A |
Rent Like a Champion Shark Tank pitch
Drew Mitchel and Mike Doyle came up with the idea for Rent Like A Champion because they noticed a problem that many sports fans face. As avid college football enthusiasts, they knew how frustrating it was to find good accommodations near stadiums in small towns. Traditional rental platforms often ignored these markets, leaving fans with few options.
The duo started by personally reaching out to homeowners in these areas, convincing them to list their properties. They faced initial challenges in building trust with homeowners and spreading the word about their service. Through digital marketing and word-of-mouth, they built a network of rentals that fans could rely on. Their determination paid off when they reached $1.4 million in sales within their first year.
Drew and Mike began their pitch by highlighting the difficulties sports fans face when trying to find accommodations near college stadiums. They explained how their service was different from Airbnb, focusing solely on smaller towns near major sporting events. Their sales numbers were impressive, with $1.4 million in sales and $6.4 million in transactions passing through their platform in the first year.
They asked for $200,000 for 10% equity, explaining that they needed the investment to expand into more college towns and reach more homeowners. They emphasized their lack of debt and the fact that they hadn’t raised outside money yet, which caught the Sharks’ attention. Keep reading our Rent Like a Champion update to see what happens next!
Lori Greiner: “What about damage to the homes? College fans can be messy!” Drew reassured her, saying less than 2% of rentals had damage claims.
Chris Sacca: “Why focus on smaller college towns instead of bigger markets?” Mike explained that these areas were underserved by other platforms, making them a unique and profitable niche.
Kevin O’Leary: “What are your sales numbers?” Drew proudly shared that they had $1.4 million in sales for the first year, with $6.4 million in transactions through the platform.
Lori Greiner: She was concerned about the risk of property damage and decided to bow out early.
Kevin O’Leary: He liked the financial stability of the company and offered $200,000 for 10% equity.
Chris Sacca: He matched Kevin’s offer but wanted to partner with Mark Cuban.
Mark Cuban: Initially hesitant, he joined Chris in offering $200,000 for 10% equity.
Drew and Mike accepted the joint offer from Mark and Chris, confident that their combined expertise would help the business grow.
Product Availability
From our Rent Like a Champion update research, Rent Like A Champion offers a simple and reliable way for sports fans to find rentals near college stadiums and other event venues. The platform highlights properties in underserved areas, ensuring fans don’t have to travel far after games.
Fans and homeowners can use the Rent Like A Champion website to book rentals or list their properties. With options in 27 college towns and expanding markets, the service remains a go-to for big-game accommodations.
Conclusion
Rent Like A Champion has proven that targeting a specific niche can lead to big success. Their appearance on Shark Tank helped them secure the funding and mentorship needed to expand into more markets. Even with the challenges of the pandemic, the company adapted and continued to thrive, earning millions in annual revenue.
Their focus on smaller towns near college stadiums has set them apart from larger platforms like Airbnb. As they grow into other sports events like golf and NASCAR, the future looks bright for Drew, Mike, and their company. We can’t wait to see what’s next for Rent Like A Champion!
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.
