Here is a summary of HoloGear’s journey from an idea to a multi-million dollar business in less than two years. Follow along with this sports revolution and we look forward to continuing to share this journey with you! Transparency is a high priority for HoloGear and we want you to know everything about us.
Jonah is graduating with a business-economics degree and Ryan is graduating with a business-sports management degree, both from the University of Missouri.
Ryan called Jonah after graduating, wanting to develop a better way to play sports at night. Ryan noticed that there weren’t any effective night-friendly solutions on the market, only out dated, battery powered glow-in-the-dark options. They began researching and testing different materials, and began speaking with manufacturers to develop the perfect product. Before long, they had their first prototype!
After extensive conversation and more analysis, they filed their first patent on May 3rd, 2019. Ryan and Jonah ordered their first 100 basketballs and started fulfilling and shipping orders out from Ryan's parent's house.
After months of hard work and creativity, Ryan and Jonah were honored with the opportunity to exhibit their company at the Forbes 30 Under 30 Convention. At the event, the guys discovered that their sports gear and especially their holographic jackets were an absolute hit. To top it off, at this event they got the idea for the revolutionary HoloGlasses. At this time, demand grew for their products and they began to order 500+ balls at a time.
HoloGear finally made the move out of Ryan’s parents house into their first office space, and hired their very first full-time employee, Jack, who operates as the Director of Operations! After grossing over a million dollars in sales in their first calendar year of business, the HoloGear team had officially proved their concept and supplied Christmas gifts to over 20,000 families in 100 countries.
Ryan and Jonah hired their 2nd full-time employee and sponsored their first major sports event, which was a celebrity basketball tournament featuring celebrities like Swae Lee and Floyd Mayweather.
HoloGear officially completed their inaugural year of business, grossing over $1.6 million dollars in sales with six full-time employees! Growing quickly, the HoloGear team released the patent-pending HoloGear Football, Soccer Ball, and HoloGlasses. This was a big milestone for HoloGear as the HoloGlasses have effectively solved playing sports at night!
The "HoloGear" trademark was secured, protecting the storied brand name that they have been building for over a year now. HoloGear received their first major retail placement order from Scheels, released the HoloGear Arm Sleeves, and expanded their office space to over 5,000 sq ft. in Chicago, IL.
Ryan and Jonah officially hired their 10th employee in preparation for the biggest e-commerce, holiday shopping season in history. They also released their HoloGear Jackets and Hoodies for the winter season, which are all made in-house at HoloGear's headquarters. Prepared for a huge Quarter 4, the HoloGear team is extremely motivated and optimistic for what lies ahead.