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, commercialized PaddleSmash after two years of perfecting the game. They wanted to capitalize on pickleball’s spectacular development as North America’s most popular sport. Did the entrepreneur get a deal on Shark Tank? Check out our PaddleSmash update to find out!
PaddleSmash Net Worth 2024
Tim Swindle and Scott Brown asked for a $250k investment in exchange for 10% equity in their company. This meant they valued their company at $2.5 million. They made a deal with Robert Herjavec and Mark Cuban for $250k in exchange for 20% equity. This new deal valued their company at $1.25 million. For a quick PaddleSmash update, after the show aired, PaddleSmash saw a big increase in website traffic, sales, and social media exposure. With an estimated 10% yearly growth rate (typical business growth), the current net worth of PaddleSmash in 2024 is about $1.65 million.
PaddleSmash Shark Tank Update
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.
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. Keep reading our PaddleSmash update to see what happens next!
| Shark(s) name | Offer | Demand | Counteroffer | Accepted? |
| Kevin O’ Leary | $250k | 15% equity | $500k for 20% stake | No |
| Robert and Mark | 250k$ for 20% | 20% stake | 500k$ for 20% stake | Yes |
| Lori Greiner | No | No | No | No |
| Barbara Corcoran | No | No | No | No |
PaddleSmash Shark Tank Pitch
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 commercialized 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 capitalizing 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 socialization.
On Shark Tank Season 15, Tim Swindle and Scott Brown introduced PaddleSmash, a pickleball-spikeball hybrid, in 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.
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.
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
From our PaddleSmash update research, 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.
Hi, I’m Izza Habib, a Nutritionist and an avid writer. My focus? Crafting captivating blogs and articles on the exhilarating episodes of Shark Tank. I love unraveling the unique stories of aspiring individuals navigating the high-stakes world of Shark Tank— from groundbreaking products to pitch-perfect presentations. As a blogger, I’m committed to sharing the excitement behind each episode, highlighting the ingenuity, passion, and strategic negotiations that shape the entrepreneurial landscape. Join me on this thrilling journey into the dynamic world of Shark Tank! Read more About me.