Track Days The Movie Shark Tank Update – Shark Tank Season 4
Popcorn, passion, and motorcycles collided in the Shark Tank as Track Days raced to secure funding for a motorcycle racing film. Unfortunately, it did not secure a deal.
Track Days was a movie about motorcycle racing that sought start-up funding in Shark Tank Season 4 Episode 24.
Check more information on Shark Tank Season 4 Episodes.
About Track Days
| Category | Details |
|---|---|
| Business Name | Track Days The Movie |
| Founders | James LaVitola, Brian Pitt |
| Industry | Film/Entertainment |
| Product | Motorcycle Racing Movie |
| Deal Status | No Deal |
| Investment Asked | $5 Million for 34% Equity |
| Valuation | Approximately $14.7 million (At the time of the Shark Tank pitch) |
Track Days was a collaboration between James LaVitola, a former stuntman who lists Fast and Furious, Transformers, and Friday Night Lights, among others, in his portfolio, along with writer Cliff Dorfman and producer Brian Pitt.
LaVitola saw an opportunity with a movie about motorcycle racing, which is the second most watched sport in the USA, with supposedly zero movies on it. They had a Kickstarter page up, and they came looking for $2 million.
Track Days had some initial sponsors, but they were still a long way from making the $2 million number, so they hoped the Sharks could provide an infusion of capital.
Track Days The Movie Shark Tank Recap
James LaVitola and Brian Pitt sought $5 million in exchange for 34% equity in their production, Track Days The Movie.
The pair passed out popcorn, candy, and promotional items to the Sharks, perhaps hoping to soften their tough hides for the movie, and presented a brief trailer.
LaVitola explained that movies were “a crapshoot” but promised to make the Sharks “the house, and the house always wins.”
Did Track Days Get a Deal on Shark Tank?
Without a finished script or much more than a brief, flashy trailer, the pair sank fast in the waters of the Shark Tank.
Comically, Mark Cuban went out without even hearing the pitch.
Daymond John revealed that he was an investor in an earlier movie. He says, “it was a horror movie in terms of getting my investment back.” He was out.
The pair presented the idea that they’d put the money in an escrow account, and the movie wouldn’t be made until the investor is “happy with the calculated risk.”
“It is a horrifically bad idea. I forbid you to proceed,” said Kevin O’Leary before going out.
Barbara Corcoran quickly followed suit, leaving only Robert Herjavec. The pair pulled their last card, revealing that a cardboard cutout of Herjavec is the face behind the mannequin’s helmet.
Although the Sharks gave them two points for showmanship, Herjavec goes out, and the pair leave the stage without a Shark deal.
What Made Track Days Unique?
As already elucidated in the pitch, the lack of a major bike racing movie was its USP at the time.
The project intended to capitalize on the lack of representation of a bike racing narrative in the modern cinematic realm.
Track Days The Movie Shark Tank Update
A movie with no script, no actors, and no Shark investment ended up having no future. The social media for Track Days The Movie went dark shortly after the airing, and the website no longer exists.
It appears that the “new” approach to Hollywood, using money as bait to lure big-name actors and writers, failed to attract the attention of Sharks or of any other investors, for that matter.
Track Days The Movie went off the rails in the Shark Tank and never regained traction.
The movie was scrapped on May 16, 2013, because of a (clear) lack of funding, as shown on the movie’s Kickstarter page.
The bike crashed beneath the weight of overconfidence and too much flair and not enough substance; never to be seen again.
Posts About Track Days The Movie on Shark Tank Blog
Read more information on the motorcycle racing movie
Quick Summary
- James LaVitola and Brian Pitt pitched their motorcycle racing movie, “Track Days,” seeking $5 million for 34% equity, but failed to secure any investment.
- The Sharks were unimpressed by the lack of a finished script and detailed plan, leading all of them to decline the opportunity.
- After the episode aired, the project still failed to gain additional funding, and the social media and website for the movie went dark, effectively ending the venture.
This movie business did not get the traction, but what are the updates of other businesses from the episode?
