ECONOMY & WORK
MONEY 101
NEWS
PERSONAL FINANCE
NET WORTH
About Us Contact Us Privacy Policy Terms of Use DMCA Opt-out of personalized ads
© Copyright 2023 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.
MARKETREALIST.COM / MONEY 101

Two 'Shark Tank' billionaires offer a life-changing deal to 8-year-old for his baseball glove idea

Gavin Batarse, an avid baseball player came to the tank with his venture Glove Wrap along with his father and sister.
PUBLISHED DEC 11, 2024
Screenshot showing Shark Tank Judges and Gavin Batarse (Image Source:  YouTube } Sony Pictures Television)
Screenshot showing Shark Tank Judges and Gavin Batarse (Image Source: YouTube } Sony Pictures Television)

Age is truly just a number when it comes to having sharp business acumen and young entrepreneurs keep proving that on "Shark Tank." Back in 2023, an 8-year-old kid named Gavin Batarse, an avid baseball player came to the tank with his venture Glove Wrap along with his father Jon and sister Morgan Batarse. Gavin pitched the product which helps baseball players break in their stiff new gloves making the leather more pliable and molding its pocket around the ball perfectly. 

The Bartese family pitching glove wrap | (Image Source: YouTube | ABC)
The Bartese family pitching glove wrap | (Image Source: YouTube | ABC)

"Glove Wrap is an elastic band with the exact width, length, and thickness needed to break in and shape your entire baseball glove while forming a perfect pocket," he explained. "Just place a ball in a glove and wrap it up with Glove Wrap. That’s it. No other product on the market wraps the entirety of the glove,” Jon added.

The family had asked for $50,000 for 20% of the Orange County, California-based business. The product competes with many solutions that have been invented for the issue over the years. Baseball players have wildly varying strategies for breaking in gloves, involving anything from hot water and a tool known as a "glove mallet" to a series of glove oils and conditioners. 

Mark Cuban and Gavin Bartese | (Image Source: YouTube | ABC)
Mark Cuban and Gavin Bartese, the founder of Glove Wrap | (Image Source: YouTube | ABC)

"My dad and I just bought me a new glove, and we were going to use the old-fashioned way to break it in with rubber bands, but we didn’t have enough. So I found a piece of rubber that my dad used when he hurt his leg and I asked him if we can wrap the entirety of the glove with it," he said in the episode. Gavin was well prepared and it showed especially when it came to the numbers. "We have sold over 1,000 Glove Wraps. Lifetime sales are over $19,000 [since launching in 2022]," he said. "It costs us $3 [including all expenses] to make. We sell it for $19.99 retail and $10 wholesale." 



 

The sharks soon started sharing their thoughts. Mark Cuban came up with the idea of selling a bunch of them in one go. Many of them dropped out adding that Cuban and Michael Rubin, the CEO and founder of sports retailer Fanatics would be the perfect fit for this investment. "I believe you’re going to be a winner and I want to be able to invest in anything you do in the future," Rubin said. Then Rubin said that he would go on to make an offer only if Cuban joined in. The two then offered $50,000 for a 22% equity stake in Glove Wraps and Gavin happily accepted.

This is not the first time that a kid won the hearts of the sharks. Nathaniel Wellen went to the show with his simple yet very clever invention at the age of 15 and bagged an investment too. The Los Angeles-based high school kid created his own company The Duo which made umbrellas with a second extendable handle designed for two people of different heights to stand beneath it comfortably. The kid pitched with his mother and his sister and impressed Robert Herjavec.

MORE ON MARKET REALIST
The model revealed what the host's real intentions on the show are and shared an essential piece of advice.
7 days ago
In the episode, the guest confirmed that the chair had been in her family for generations.
Dec 14, 2024
Eric Roy developed the filters in response to the water crisis that he saw in Flint, Michigan.
Dec 12, 2024
Gavin Batarse, an avid baseball player came to the tank with his venture Glove Wrap along with his father and sister.
Dec 11, 2024
Vanna White is said to be considering an early exit from the show since she didn't get the raise that she wanted.
Dec 8, 2024
Cuban passed on the lesson that he learned at the age of 22 from his mentor to the young entrepreneur.
Dec 7, 2024
The importance of the sculpture was forgotten over time until someone spotted it decades later.
Dec 5, 2024
After a lot of analysis, Rick concluded that the leather jacket indeed belonged to Marlon Brando and thus began the negotiation
Dec 4, 2024
Many took to social media and pointed out just how awkward the scene was.
Dec 4, 2024
She went to a CVS store in Blacksburg to purchase a Mega Millions ticket for the upcoming big jackpot of $893 million on March 18, 2024.
Dec 3, 2024
A Costco membership comes with restrictions, so make sure that you know the rules.
Dec 2, 2024
Ruth L Gottesman got $1 billion in Berkshire Hathaway stock upon her husband's passing.
Dec 1, 2024
Although she didn't get a deal, her appearance on "Shark Tank" significantly increased the visibility of her brand.
Nov 21, 2024
Back in 2017, a woman spotted an envelope lying at a Walmart store with an important message.
Nov 20, 2024
The condition does make a difference, but some vintage pairs have fetched a good price even though they were in bad shape.
Nov 19, 2024
You can make good money selling or pawning vintage items or other items in good condition.
Nov 19, 2024
The models who present the prizes have also become popular faces on the show and have bagged other projects.
Nov 17, 2024
If you have a box of Disney VHS tapes in around your house, it's time to pull them out because they could be worth thousands.
Nov 16, 2024
He always makes it a point to buy two tickets at a time and select his own numbers.
Nov 12, 2024
The woman was apprehensive about the transaction and shared her experience on social media.
Nov 12, 2024