PSU news by
Penn State's student blog

Topics

About

Former Penn State Football Standout Bryan Scott Secures Deal On ‘Shark Tank’

Former Penn State standout and NFL defensive back Bryan Scott did the unthinkable; he navigated the “Shark Tank.” On last week’s episode, Scott appeared on CNBC’s hit show and successfully pitched his idea to the investors.

Scott appeared on behalf of the four owners of Noene, a company that distributes a thin insole designed to absorb and disperse shock. The insole is thinner than a dime and is designed to work within a variety of different footwear, anything from athletic cleats to women’s heels. The vulcanized rubber that makes up the insole has other potential applications, a feature that attracted the two investors whom Scott was able to cut a deal with.

Those two investors were software titan Mark Cuban and fashion mogul Daymond John. Scott originally sought $100,000 for a 10 percent equity stake in the company (which places his partners’ valuation of Noene at $1,000,000) but ultimately had to cut the investors a better deal. After Cuban and John countered with $200,000 for a 40 percent, Scott ultimately settled with $200,000 for 30 percent of his company.

Scott played defensive back at Penn State before graduating in 2003 with a degree in Parks and Recreation Management. He spent his professional football career with the Falcons, Saints, Titans, and Bills before retiring in 2013. He accumulated 591 tackles and 11 interceptions during his time in the NFL.

While many NFL veterans struggle through well-documented problems with money, Scott has clearly been proactive in his time away from the league. Most NFL players don’t have enough in the bank to live off of through retirement, but even an NFL journeyman begins with a solid foundation of funds that can be grown exponentially with the right business acumen. Scott’s experiences post-NFL and in the ‘Shark Tank’ serve as great examples to the next generation of Penn State players who will one day have to hang up their cleats and find other ways to make money.

Image: Noene USA

About the Author

Mike Bacior

I'm Mike Bacior. I major in Economics at PSU. I obsess over many things including mixed martial arts, the Philadelphia Eagles, and Taylor Swift. Find me on Twitter @MikeBacior or shoot me an email [email protected]

Comments

More by Mike

Matt Brown Named Capital One Division I Academic All-America of the Year

Penn State’s own Matt Brown added another impressive title to his resume when he was named Capital One Division I Academic All-America® of the Year this morning.

10 Questions With Penn State Majorette And Miss PA Hopeful Katie Carlson

Why Do We Streak? Mifflin Streakers Share Their Answers

Athletics

North Dakota Interested In Playing Against Penn State Hockey In Nashville

North Dakota is working towards an agreement that will see its hockey team play against Penn State in Nashville during the 2020-21 season.

Former Cal Swimmer Says She Emailed Sandy Barbour About Sexual Harassment Claims

Max Sauve Commits To Penn State Hockey

Penn State Women’s Volleyball Releases 2018 Schedule

Penn State Hoops Alumnus Joonas Suotamo’s Journey To Becoming Chewbacca Featured On ESPN’s ‘E:60’

Student Life

Penn State Love Stories: A Chance Meeting On A Service Trip

When Abby Wilt went on a service trip to Nassau, Bahamas, she had no idea she’d meet the love of her life.

10 Questions With 2019 Class Gift Director Tom Beeby

Career Services To Launch Integrated Career Management & Recruiting Platform

Plans Submitted For New KFC In State College

Developers have submitted preliminary land development plans to build a new KFC restaurant at 1780 S. Atherton St. in State College.

State Theatre Recognized As A State College Historic Site

As it approaches the 80th anniversary of its opening, the State Theatre has been recognized as a State College historic site.

Penn State Love Stories: A Chance Meeting On A Service Trip

When Abby Wilt went on a service trip to Nassau, Bahamas, she had no idea she’d meet the love of her life.

Be the first to know

  • Top posts and the best Penn State stories

Thank you for subscribing.

Something went wrong.

10 Questions With 2019 Class Gift Director Tom Beeby

Tom Beeby will serve as the 2019 Class Gift Executive Director.

Send this to a friend