QB54 Shark Tank Update — Shark Tank Season 17
Michael Silva brought his love for football and fun to the Tank with QB54, a convertible chair-turned-game aiming to score big with outdoor enthusiasts.
Michael Silva and Frank Silva, a duo of brothers, turned up at “Shark Tank Season 17 Episode 2,” pitching the brand, QB54.
Unlike other regular games, it’s a fun game which can be played whether you are headed to the beach with friends or throwing a backyard bash. QB54 plays a dual role as a chair which can be transformed into a mini goal post.
Though one question still looms: Would QB54 score a touchdown or fumble in front of the Sharks?
About QB54
| Category | Details |
| Business Name | QB54 |
| Founders | Michael Silva and Frank Silva |
| Industry | Football |
| Product | Classic fun game |
| Investment Asked | $350,000 for 10% of the equity |
| Deal Status | No deal |
Two brothers who grew up in New Jersey commenced this classic American pastime game in 2016. They used to play this game with garbage cans when they were kids.
The idea of QB54 emerged in childhood when both of them used to get bored watching football games. So, they thought, how can we play football with two people?
The answer led to the invention of this ironic fun time game. When they grew up, one day, while cleaning dishes, Frank said, “Thanksgiving Classic.” And within a minute, they were out on the ground with beers in their hand, throwing football like they used to.
One of their neighbours joined the game and they ended up playing three hours straight. That’s when the idea of starting the brand, QB54 clicked. While figuring out the name of the brand, many people asked about the number 54. Thus, the truth is, they picked the number 54 out of thin air and as most games end on 54.
QB54 Shark Tank Pitch
Michael Silva appeared on the stage asking for $350,000 for 10% of equity in his brand. He showed the Sharks how to set up from the rest mode to the game mode.
The founder began by opening the front and back flaps, exposing it to a basket. Then, he put up the goal posts on each of the chairs.
Guest Shark Michael Strahan and Robert Herjavec were called to the floor to play the game and test it. Michael, the founder, taught the rules to the sharks. Score a touchdown, kick for extra point. Moreover, the defending team can earn 3 points if they catch a rebound from the chair before it hits the ground.
The Sharks enjoyed the pitch and the game. However, things became intense when the founder was asked about the number of units sold. Michael Silva responded with 50,000 units sold to date, earning $7.5 million in lifetime revenue. QB54 made $1.63 million in the year 2024. They made around 10% profit out of $1.6 million in revenue.
Lori was intrigued by the game and wanted to know the selling price on the website. Thus, they sell it for $169 to $189.99, and every set comes with a pair of chairs, a football, two goal posts, and the kit. However, the cost of production was $32, but after including tariffs, it’s around $37.
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Did QB54 Get A Deal On Shark Tank?
Furthermore, Sharks wanted to know more about the ad spend and CAC (Customer Acquisition Cost). They were shocked to learn that the ad spend was $700,000 in 2024 and the CAC was $80. That’s when Mr. Wonderful gave a terrific expression, mentioning, ” What is sucking up the profits?”
Another shocker came out of the blue when sharks asked about the money and where he was getting the cash from. Though there were many things which could hold off the deal, this was one of the major ones, as the founder had already taken a loan on his house of $150,000.
Moreover, unlike other games, this does not have a competitor, which again deflected the interest of Sharks. Lori Greiner refused to participate in the negotiations, stating that after all these years with so much ad spend, the brand still has not been knocked off.
Barbara Corcoran also refused to give an offer due to the same reason as Lori. While Kevin O’Leary clearly mentioned his dislike towards the pitch, saying it was “unbaked.” He would have loved it if the founder had told him about the number of units sold and had figured out CAC. So he denied it, too.
Robert Herjavec and Michael Strahan also refused to participate in the negotiations. The guest shark stated that this product needs to be demonstrated, as there is a difference between an online experience and a retail experience.
Thus, Michael or Mike Silva has to walk out of the tank without any deal.
Where Can You Buy It?
You can shop it online from their official website and also check their Instagram page for more information.
Quick Summary
- Michael Silva and Frank Silva, brothers, turned up at “Shark Tank Season 17 Episode 2 ” to pitch the brand QB54. It is a fun game for kids, adults going to beaches to play, or even senior citizens.
- Michael Silva appeared on the stage asking for $350,000 for 10% of equity in his brand. He showed the Sharks how to set up from the rest mode to the game mode.
- Moreover, every Shark refused to participate in the deal, and the founder of QB54 had to leave without a deal.
