XCraft
personal use drone
Pitch Details
Season / Episode
S7E5
Oct 23, 2015
Ask
$500,000
for 20%
Ask Valuation
$2.5M
Deal
$1.5M
for 25%
Watch the Pitch
Deal Terms
Amount$1.5M
Equity25%
Valuation$6M
Mark Cuban
Lori Greiner
Robert Herjavec
Daymond John
Kevin O'LearyWhat Happened Next
Deal Fell Through
Five-shark deal did not survive post-show due diligence and terms negotiation. No specific reason publicly documented.
Operating
$6M
reported
- Appeared on Season 7; received offer from all five sharks; closed deal with Robert Herjavec
- Developed the PhoneDrone Ethos, a smartphone-powered drone
- Pivoted toward enterprise and government/military drone applications
- Secured government contracts for drone technology
- Continued R&D on VTOL (vertical takeoff and landing) drone technology
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