Philip Lapuz and Eric Williams visited Shark Tank to make a pitch for Kronos Golf, their business. Their objective was to develop the world’s most accurate golf putter. Putters are used by golfers to hone their strokes, and Eric and Philip thought their innovation might revolutionize the sport. They want 15 percent of Kronos Golf in return for $150,000.
They demonstrated how they created their putters and gave their sales figures. The sharks were worried about the product’s high cost but they were impressed by the accuracy. Will the entrepreneur get a deal on Shark Tank? Check out Krono’s update!
Kronos Golf Net Worth Shark Tank Update 2025
Eric Williams went on Shark Tank asking for $150,000 for 15% of his company. This meant he thought his business was worth $1,000,000. He made a deal with Robert Herjavec for $150,000 for 30%, lowering the valuation to $500,000. The episode was aired on October 3, 2014. The precision-milled golf putter brand remains active and continues to sell online. Using the default 10% yearly growth method, the current net worth of Kronos Golf is estimated to be around $2–3 million in 2025.
Kronos Golf has expanded significantly since its Shark Tank debut. The firm has increased its revenues and is still operating. According to research, Kronos makes an estimated $5 million annually. The founders were able to advance their business thanks to the agreement with Robert Herjavec. They expanded their scope and enhanced their operations with the investment.
Kronos putters may now be purchased online via their website. Golfers from throughout the world like their high-end items. One of the most prosperous sports firms to emerge from Shark Tank is Kronos.
Yes Kronos Golf was able to get a Shark Tank agreement. After hearing the pitch, Robert Herjavec made an offer. He proposed $150,000 in exchange for 35% ownership. Philip and Eric asked Robert if he would take 25 percent. Robert responded by offering thirty percent stock. His agreement was approved by the founders. The collaboration aided Kronos’ development into a prosperous business.
| Shark(s) name | Offer & Demand | Counteroffer | Accepted? |
| Robert Herjavec | $150,000 for 35% equity | $150,000 for 25% equity$150,000 for 30% equity | Yes to 2nd offer |
| Lori Greiner | Out | N/A | N/A |
| Kevin O’Leary | Out | N/A | N/A |
| Barbara Corcoran | Out | N/A | N/A |
| Mark Cuban | Out | N/A | N/A |
Kronos Golf Shark Tank pitch
Kronos Golf was founded by Eric Williams and Philip Lapuz to improve golfers’ putters. They thought that in order for golfers to get better, they required more accurate equipment. Philip founded the business for personal motives. In order to move his fiancée from Japan to the United States, he desired financial prosperity. Their voyage gained emotional weight as a result.
It was not an easy route to develop Kronos. The founders encountered several obstacles when they first started their company. They prioritized fine materials and exact craftsmanship because they wanted their putters to be flawless. Their production expenses were greater than usual as a result. They also had to persuade golfers to spend more money on a high-end product.
This was hard because many people were not sure if the price was worth it. Eric and Philip remained dedicated to their goal in spite of the difficulties. They put a lot of effort into making their product unique. They were also successful in Japan, where their putters were well-liked. Japanese clients accounted for the majority of their sales.
They were able to maintain their business as they were ready for Shark Tank thanks to this. Their Shark Tank pitch was emotionally charged due to Philip’s personal narrative and their unwavering drive for success. They believed the sharks would help them realize their goals of taking Kronos to the next level.
Philip and Eric began their presentation with a demonstration. They demonstrated the careful and accurate construction of Kronos putters. Their artistry amazed the sharks. They clarified that their putters assisted players in honing their on-course strokes. Kevin O’Leary was invited to test the device in order to demonstrate its functionality.
Kevin tested a Kronos putter on the in-studio putting green. But he didn’t make his shot. The sharks were pleased with the product’s quality in spite of this.
The founders impressed the sharks by sharing their sales figures. Sales at the time of their proposal were $260,000. They disclosed that Japan accounted for 95% of their sales. This showed there was demand for their product, especially in international markets. Philip and Eric also described their prices. Their least expensive putter was more than $500.
The cost of some of their more expensive versions was significantly greater. They said that making one putter costs about $120.Although they were concerned about the hefty cost the sharks valued the quality. Convincing them that their product was worth the investment was the entrepreneurs’ goal.
The sharks asked many questions about the Kronos putters. They wanted to understand why the product was so expensive. Eric and Philip explained that their putters were made with high-quality materials. They also said the manufacturing process was very precise. Kevin O’Leary wanted to know if the product could succeed in other markets outside Japan.
The founders said they wanted to expand but needed investment to make it happen. Mark Cuban asked if the product appealed to casual golfers. He was concerned that the high price might limit their customer base. Eric and Philip said their putters were for serious golfers who wanted the best tools. Lori Greiner asked why they were not focusing more on Japan, where most of their sales came from.
She felt they should grow their business in a market that already loved their product. Barbara Corcoran and Mark Cuban admitted they were not big fans of golf. They did not feel connected to the product. The sharks debated whether the high price was justified. Some felt the quality was excellent, but worried about finding enough customers to buy such an expensive product.
The first person to go was Mark Cuban. He said that his dislike of golf was the reason he was uninterested. Mark was echoed by Barbara Corcoran. Another reason she left was that she didn’t like playing golf.
Although she thought the creators should concentrate on Japan, Lori Greiner expressed her satisfaction with the result. She thought that was where they would have greater success. She left because she didn’t want to invest.
Philip’s personal story about his fiancée moved Kevin O’Leary. However, he remained skeptical about the product’s ability to succeed in new areas. He also left.
The final shark left was Robert Herjavec. He trusted in the founders and valued the putters’ quality. He proposed $150,000 in exchange for 35% ownership. Philip and Eric desired to maintain greater authority over their business. They requested 25% stock in response to Robert’s offer. Robert responded with thirty percent. This agreement was adopted by the founders.
Kronos Golf was able to flourish and reach a wider audience thanks to Robert’s support. The collaboration marked a sea change for the business.
What Went Wrong With Kronos On Shark Tank?
Kronos’s pitch was not smooth. The sharks were quite concerned about the cost of their putters. Some thought that most golfers couldn’t afford the merchandise. The founders were also criticized for their lack of attention to Japan. Lori Greiner thought that a market that was already devoted to their product should be given more attention. Barbara Corcoran and Mark Cuban had little interest in golf.
They found it difficult to relate to the product as a result . Eric and Philip were able to close a deal in spite of these obstacles. They gained Robert Herjavec’s backing because of their determination and narrative.
Product Availability
You may purchase Kronos Golf putters on their official website. There are some of their most well-liked models on the internet. There are a variety of styles and pricing points available to customers.
The putters are renowned for their fine craftsmanship and premium materials. They are designed to assist golfers in refining their on-course strokes. Kronos putters are high-end goods. Over $500 is the starting price, and certain versions may cost considerably more. The product’s quality and accuracy are reflected in the price.
Online sales are the company’s main focus. This facilitates the purchase of their items by golfers worldwide. Kronos has established itself as a reliable brand in the golf sector.
Conclusion
Kronos Golf had a memorable journey on Shark Tank. Eric and Philip impressed the sharks with their high-quality putters. They faced criticism for their high prices but managed to secure a deal with Robert Herjavec. The deal helped Kronos grow into a successful company. They continue to sell their premium putters online and have become a trusted brand in the golf world.
Kronos Golf’s story shows the power of determination and quality. The company’s success proves that premium products can find their place in the market.
Hi, I’m Laiba Khurram, a BBA student specializing in Marketing at FAST NUCES ISB. My background includes experience in finance, marketing, and event coordination. My skills include teamwork, time management, and Microsoft tools. Watching Shark Tank has always inspired me, as I admire the innovative pitches and entrepreneurial spirit showcased on the show. This passion drives my approach to finding creative solutions and understanding market dynamics. Read more About me.
