PaddleSmash Shark Tank Update – Net Worth, Pitch & Deal

PaddleSmash, a pickleball-spikeball hybrid, is unlike any other outdoor activity. Co-founders Tim Swindle and Scott Brown pitched this game on Shark Tank Season 15, Episode 4. In this two-on-two game, players bump, set, and smash the ball into the other team’s court. Playing up to 11 points allows fast, exciting bouts.

PaddleSmash can be folded in half for simple transport, therefore it’s suitable for picnics, beach trips, and outdoor events,  Joe, a structural engineer, invented the game while playing with his seven kids.

Tim and Scott experienced gaming and retail entrepreneurs, commercialised PaddleSmash after two years of perfecting the game. They wanted to capitalise on pickleball’s spectacular development as North America’s most popular sport.

PaddleSmash Net Worth

After showcasing their product in the Shark Tank episode, PaddleSmash took off. As per a rough estimate, PaddleSmash net worth is approximately $3 million. Shark Tank funded $250,000 for 20% of the company, valuing it at $1.25 million. Sales soared immediately afterwards and the following days after the event.

What Happened to PaddleSmash After Shark Tank?

The Shark Tank deal between Scott Brown, Tim Swindle, Robert Herjavec, and Mark Cuban raised PaddleSmash’s profile. PaddleSmash sales soared after the show’s national exposure and Sharks endorsement. Finance enabled production and distribution expansion.

PaddleSmash could reach a large audience because it could be bought online and in stores. Shark Tank increased brand awareness and promotion. The creators increased traditional and digital marketing to reach more people.

Like their pitch, they used social media, internet advertising, and possibly brochures and SMS marketing. PaddleSmash may expand or improve its product line based on consumer feedback and market demand using Shark partners’ skills and resources. New nets, balls, and paddles can adapt to different playing styles and venues.

Did PaddleSmash Get a Deal on Shark Tank?

PaddleSmash got a Shark Tank deal. Tim Swindle and Scott Brown presented PaddleSmash, their latest outdoor game, and negotiated with the Sharks in Season 15, Episode 4. They asked $250,000 for 10% ownership, but Robert Herjavec and Mark Cuban gave $250,000 for 20%. The business rose to $1.25M after the acquisition.

Shark(s) nameOfferDemandCounterofferAccepted?
Kevin O’ Leary$250k15% equity$500k for 20% stakeNo
Robert and Mark250k$ for 20%20% stake500k$ for 20% stakeYes
Lori GreinerNoNoNoNo
Barbara CorcoranNoNoNoNo

PaddleSmash Shark Tank Update

paddlesmash net worth

Founder and Backstory

Engineer structural PaddleSmash was invented by Joe, a father of seven children. Joe wanted to combine pickleball with spikeball for fun with his friends. Two teams play PaddleSmash, bumping, setting, and smashing balls over nets. Every eleven-point encounter is fast and action-packed. Joe spent two years developing the game enjoyable, portable, and outdoor-friendly. Scott Brown and Tim Swindle commercialised Joe’s promising idea.

Tim and Scott have been successful toy and game entrepreneurs for 25 years. Tim Swindle made board games and Scott Brown retailed. Their experiences prepared them to market PaddleSmash. They used their commercial skills to build PaddleSmash by capitalising on the need for family-friendly games. Shark Tank and their funding helped PaddleSmash expand. This game is popular because it combines strategy, physical activity, and socialisation.

Initial Pitch

On Shark Tank Season 15, Tim Swindle and Scott Brown introduced PaddleSmash, a pickleball-spikeball hybrid, on episode 4. The game’s mechanics, rules, and concepts were explained first. As it’s suited for children of 13 years and older, they stressed the game’s appeal to families, teens, and sports lovers. 

Entrepreneurs sought $250,000 for a 10% interest in the company. The “baby” was compared to spikeball and pickleball, North America’s fastest-growing sports, in PaddleSmash ads. The game’s mobility, setup, and potential to join players in an enthusiastic setting were highlighted.

Queries About the Product

what happened to paddlesmash after shark tank

Barbara Corcoran asked PaddleSmash participants’ average age to determine market viability and target demographic. According to the designers, the game is suited for kids, teens, and families, which bodes well for sales. Lori Greiner asked about PaddleSmash at its start.

Tim and Scott said Joe, a structural engineer with seven children, devised the game for his friends and family to enjoy. Joe was praised for spending two years perfecting the game before selling it. Profit margins came up when Barbara Corcoran asked about manufacturing and retail expenses.

The game costs $200 and its designers say production costs are $55. Joe, the original creator, received 5%. Sharks were interested in product marketing and sales methods. The creators used fliers, text messages, and emails, especially LinkedIn, to reach a huge audience. These inquiries helped the Sharks grasp PaddleSmash’s business concept and potential, so they invested.

Shark’s Responses and Final Deal

did paddlesmash get a deal on shark tank

Sharks loved PaddleSmash and volunteered themselves to make a deal with the owners. After Kevin O’Leary offered $250,000 for 20% equity, the founders’ desire tripled. At the same price, Robert Herjavec and Mark Cuban offered 20% equity. 

Tim Swindle and Scott Brown demanded $500,000 for 20%. Their second counteroffer failed, so they sued Robert and Mark for $250,000 plus 15% interest. After reconsidering, Robert and Mark decided to keep their $250,000 for 20% offer. PaddleSmash innovators accepted $1.25 million from Robert Herjavec and Mark Cuban.

Product Availability

After Shark Tank, entrepreneurs increased manufacturing and distribution to satisfy demand. The game is available on the PaddleSmash website and in stores and online marketplaces. You can easily purchase the game from an online place or a retail store.

A portable base, two balls, a net, and four paddles are included. Backyards, parks, and beaches are ideal for their easy setup and disassembly. The market success of PaddleSmash is due to its quality, design, and exciting gameplay. The company has increased its income through online and offline marketing.

Conclusion

The energetic, dynamic, and exciting spikeball-pickleball combination is fun for all ages. Its portability and ease of use make it ideal for outdoor fun, friendly competitions, and family gatherings. PaddleSmash’s revenues and brand awareness soared after Shark Tank. It sells online and in-store, reaching a huge audience.

After its Shark Tank deal and product expansion, PaddleSmash has a bright future since it brings people together via fun and friendly competition. Finally, PaddleSmash’s growth through marketing and strategic partnerships shows the market’s potential for novel outdoor activities. This journey from a basic idea to a successful firm inspires entrepreneurs.

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